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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 776402 times)
DrHaribo
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October 19, 2012, 02:21:16 PM
 #1941

kano is more right.

Not really. Because he said "no" to higher hashrate increasing the odds of finding blocks. That's clearly incorrect. Higher hashrate does increase your chance of finding blocks. Otherwise I'd be CPU mining right now. Cheesy

But the end result of the increased hashrate is lower variance, that is true.

Anyway, I hope we can find something more useful to discuss today.

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kano
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October 19, 2012, 02:27:49 PM
 #1942

kano is more right.

Not really. Because he said "no" to higher hashrate increasing the odds of finding blocks. That's clearly incorrect. Higher hashrate does increase your chance of finding blocks. Otherwise I'd be CPU mining right now. Cheesy

But the end result of the increased hashrate is lower variance, that is true.

Anyway, I hope we can find something more useful to discuss today.

Well - since it's a zero fee pool - no one gains anything from it except a decrease in variance.

Yes the pool will expect to find more blocks due to the higher hash rate, but no one gains from that.

My point was to say that the only affect it will have on each person is: It will decrease variance.

Anything else is - well - pretty much irrelevant Smiley

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DrHaribo
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October 19, 2012, 02:32:09 PM
 #1943

My point was to say that the only affect it will have on each person is: It will decrease variance.

Yep. Some miners like seeing more blocks come in, while others don't like seeing their "pay per block" go down. But the way it really affects each miner is to reduce variance.

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LazyOtto
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October 19, 2012, 02:35:38 PM
 #1944

But the way it really affects each miner is to reduce variance.
And if we didn't care about that we would all be solo mining. Smiley
LazyOtto
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October 19, 2012, 02:37:49 PM
 #1945

Anyway, I hope we can find something more useful to discuss today.

I'm not sure I do.  Wink

No news is good news. Just humming away with no problems.
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October 19, 2012, 05:15:52 PM
 #1946

My point was to say that the only affect it will have on each person is: It will decrease variance.

Yep. Some miners like seeing more blocks come in, while others don't like seeing their "pay per block" go down. But the way it really affects each miner is to reduce variance.
I apologize if I'm just beating a dead horse at this point.  What if the HashPower purchase ended up being super lucky and generated 5 blocks in the first few shifts of the massive increase of hash power and then we hit an unlucky streak of zero blocks until the shares from the increased hash rate had passed out of the last 10 shifts?  In that case, wouldn't the increased shares have benefited the pool more than they benefited the person who purchased shares from HashPower?
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October 19, 2012, 05:25:25 PM
 #1947

Absolutely.. Running a lease on hashpower is still a risk. I ran a short one a few days ago and solved a longish block for the pool while it ran, but I had not completed a shift with that power yet so ended up not earning anything on that block. After that we had a rather unlucky streak, so my investment in the lease was pretty much a total loss.
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October 19, 2012, 05:29:56 PM
 #1948

Absolutely.. Running a lease on hashpower is still a risk. I ran a short one a few days ago and solved a longish block for the pool while it ran, but I had not completed a shift with that power yet so ended up not earning anything on that block. After that we had a rather unlucky streak, so my investment in the lease was pretty much a total loss.

Ive tried a few small leases so far (never had a GPUMax account) and dont understand how anyone can come out ahead. I understand its a type of gamble but I dont understand the idea I guess.

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October 19, 2012, 06:06:20 PM
 #1949

I did a lease yesterday that made a profit, roughly 1BTC and got 0.26BTC ish more than usual for 5 blocks Smiley

But it is totally a gamble, as I could have been unlucky and only 1 or 2 blocks generated in the 10 hour period.

I doubt I'll do it again, I'm a bit tighter with my money these days, gambling never ends well with me I'm just not that lucky Huh
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October 19, 2012, 06:52:29 PM
 #1950

Gotta love HashPower's terms and conditions.

1. We do not accept responsibility for anything.
2. WARNING: Use at your own risk.
3. You must agree to 1 and 2.
DrHaribo
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October 20, 2012, 11:39:11 AM
 #1951

Quick website update.

Now you can use /api/users in addition to /api/users/USERNAME to retrieve your stats.

I think including the username in the URL is more RESTful, but this simplified URL makes it easier for 3rd party apps to add BitMinter support.

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Turbor
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October 20, 2012, 11:50:55 AM
 #1952

Quick website update.

Now you can use /api/users in addition to /api/users/USERNAME to retrieve your stats.

I think including the username in the URL is more RESTful, but this simplified URL makes it easier for 3rd party apps to add BitMinter support.


Waiting for BTCmon update Cry

DrHaribo
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October 20, 2012, 12:06:34 PM
 #1953

Waiting for BTCmon update Cry

That's the reason for the change. Smiley It should be ready soon.

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DrHaribo
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October 21, 2012, 06:39:47 PM
 #1954

Bitcoinium (for Android devices) now supports BitMinter for pool stats.

Free version: https://play.google.com/store/apps/details?id=com.veken0m.cavirtex&hl=en

Donation version: https://play.google.com/store/apps/details?id=com.veken0m.bitcoinium

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DrHaribo
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October 21, 2012, 09:41:34 PM
 #1955

A day late the prepay perk has now been disabled for users with donations set too low, as announced earlier at https://bitcointalk.org/index.php?topic=27062.msg1250147#msg1250147.

If your perk has been disabled then your donation has also been reduced by 1% which was the old cost of the perk that is now disabled. Have a look at your perks and donations and decide whether you want to make any changes.

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philipma1957
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October 23, 2012, 02:56:45 AM
 #1956

My auto payout has stopped working.  I give 2 percent for btc and 99 percent for namecoins donations.
 I had set my auto payout at .2 for btc and it is now at .48 btc I reset my autopayout to .1btc please let me know what is wrong.



  I have 0 for the ati perk as I do not need it.
  is this a problem.
 I just go online from my at home computer.

this lack of auto payout  problemstarted today so I figure it is connected to the perk change you did > tia phil

██     Please support sidehack with his new miner project Send to :

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October 23, 2012, 05:32:22 AM
 #1957

I kinda wish I could just donate ~50% of my NMC and get Btc perks.
DrHaribo
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October 23, 2012, 06:32:23 AM
 #1958

Sorry for payments not happening for a few hours. The payment processor was stuck on a namecoin payment with a namecoind that was just not responding. I suspect alt coins have a lot of old bugs that were fixed in bitcoin ages ago. I'll need a watcher mechanism to detect when namecoin locks up.

Namecoin value is up lately, so they are a decent income boost for miners now. Not so sure about adding merged mining with other "bug coins" though. The alt coins just aren't properly maintained the way bitcoin is.

Anyway, all payments are out and things are back to normal again.

Another thing; many are asking about why BitMinter has produced some blocks with only 1 transaction lately. This is part of the many changes I made lately to better handle the issue with old miners randomly attacking the server. If you run an old version of cgminer or bfgminer your requests to the server go on a separate queue where you get work more slowly than everyone else. You also get work for producing 1 transaction blocks because it is slightly cheaper to make.

If you run a cgminer or bfgminer version below 2.7:
You are causing yourself and all other miners to lose transaction fee income on the blocks you make. You were causing slow server response and a high reject ratio, before these changes. You are getting work slower than others on the pool. You are probably getting more stales too. I know this isn't something you intended to do and you may not have been aware of it before. But you are running a very old miner version with some serious bugs in it. Upgrade today! Smiley

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DrHaribo
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October 23, 2012, 11:52:01 AM
 #1959

After fixing the stuck payments earlier today some of the payments still didn't go out. Fixing this as soon as possible.

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philipma1957
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October 23, 2012, 02:35:03 PM
 #1960

yeah the one payment transferred about .57 btc then I earned .10x btc and it has not been sent to my wallet but it has left bitminter.  In every case before the money would go to my wallet and a note transferred would show up.  for this one the word transferred has not shown.  for now I upped my autopayout  to .631 just in case the money is lost.




2012.10.23 - 05:54   Cash out to 1Ay... Transfer to BTC address   0.57557114 BTC




this one was delayed

2012.10.23 - 12:04   Cash out to 1Ay...   (no transfer to btc)   0.10348911 BTC



  I checked and now it is fixed

██     Please support sidehack with his new miner project Send to :

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