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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 836618 times)
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April 15, 2013, 04:15:07 PM
 #2741

Whats going on, we've been mining one block for almost 11hours ?
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Whoever mines the block which ends up containing your transaction will get its fee.
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April 15, 2013, 04:21:29 PM
 #2742

People,

Does anybody know why we can not find any block for last 10 hours and 30 minutes ?
why our 0% fee pool earn 14% less bitcoins then even PPS 3% fee pool (i calcutated it for last week) ?

I cannot understand, and i dont like to lose money ! ))


Regards
Alexey

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April 15, 2013, 04:22:49 PM
 #2743

People,

Does anybody know why we can not find any block for last 10 hours and 30 minutes ?
why our 0% fee pool earn 14% less bitcoins then even PPS 3% fee pool (i calcutated it for last week) ?

I cannot understand, and i dont like to lose money ! ))


Regards
Alexey
Variance. It happens and there is nothing you can do about it.

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April 15, 2013, 07:07:26 PM
 #2744

Variance. It happens and there is nothing you can do about it.

No kidding. First we had a block that took 1 second, then one that took 10 hours. Lady luck is teaching variance 101 right here. Wink

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rat
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April 16, 2013, 12:04:11 PM
 #2745



just chiming in to say i love this pool.

i love the miner.

i don't contribute much of a hash rate - but i do donate.

thanks for making mining easy.

you guy(s) rock.

BitMinter for life!
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April 16, 2013, 04:53:36 PM
 #2746

I take it the top 2 rank members(groups) are running ASICS?
1. Karlson 738,958
2. testtest 701,665

Lucky buggers  Embarrassed
Where's mine  Cry

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April 16, 2013, 05:06:43 PM
 #2747

I take it the top 2 rank members(groups) are running ASICS?
1. Karlson 738,958
2. testtest 701,665

Lucky buggers  Embarrassed
Where's mine  Cry

Not only top 2... Wink

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April 17, 2013, 03:27:59 AM
 #2748

what are the chances of added ltc support?
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April 17, 2013, 04:20:13 AM
 #2749

what are the chances of added ltc support?

I have some important BTC things to do first. Then I will have a look at LTC. I may add it.

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April 17, 2013, 04:34:17 AM
Last edit: April 17, 2013, 06:50:12 PM by WhitePhantom
 #2750

Right, this seems pretty dead on. Try turning off your bitcoind (if you're on 0.8.1 anyway, which by your post I'm assuming that's your problem) when the lag seems pretty bad to see if it goes away like we did. We also realized that this started happening about the same time we upgraded to 0.8.1. Only thing is that your lag stops when you stop mining?

Well, turns out that mining had nothing to do with it...Just a coincidence that led me to believe so.  Closing the 0.8.0 client makes my high latency go away almost instantly.

Thanks so much to Doc and farfie for bringing up this topic.  The high latency was driving me nuts when gaming!
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April 18, 2013, 01:31:02 PM
 #2751

Just started mining on bitminter. Switched over from btcguild. Doing well so far.

Looking forward to LTC support being added.

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April 19, 2013, 02:49:47 PM
 #2752

I would have to say lite coin support would be very helpful to many of us. My 69Gh in asics is due July or Aug. 

Having litecoin would help a lot

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 19, 2013, 03:08:51 PM
 #2753

Litecoin in my view is only a liability for bitminter. Also it's the botnet currency of choise : (

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April 19, 2013, 10:38:24 PM
 #2754

Litecoin in my view is only a liability for bitminter.

Can you expound a little on this point?
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April 19, 2013, 11:48:19 PM
 #2755

Litecoin in my view is only a liability for bitminter. Also it's the botnet currency of choise : (

   Like white phantom I would want to know why you do not like litecoins or terra coins.

 I have a 7000 usd gpu farm pushing 8.7Gh soon to be outdated gear for  my mining. 

   Both lite coins and terra coins are restrictive to  asics and welcome gpus.   Yeah I have asics on order but I am waiting like many others. Having a lite coin or terra coin option for my gpus would be nice.  I have been a top 50 miner with bit miner for 8 months I mine with bitminter alone and have always donated 2 to 4 %  At one time I gave 98 % of my Name coins to help this pool.   

 Having the  litecoin/ terracoin setup  will help a lot of the gpu miners that have supported  the good Doctor H. and his pool. 

 To be honest My programming skills are a C  or C+ at best  so an easy setup to mine lite or terra coins will have importance to me.  One more thing  AMD would have a vested interest in litecoin and or terracoin doing well as it would help their sales of gpus.

In this threads I wrote a few replies.


http://forums.anandtech.com/forumdisplay.php?f=8

this is on page 3
 post 2

"My power numbers are 16 cents a k watt

380 watts for 1200 hash

https://bitclockers.com/calc

I use this calculator and this setup will net me 6 bucks a day at todays price of 112 a coin along todays
difficulty of 8,900,000. While this does not seem like a lot 180 a month means this 4 card setup would reach payout in about 5 or 6 months. I know difficulty is rising but litecoins and TRC are setup as
non-Asic or gpu only. This means switching to litecoins will allow you to mine with gpus for a few more years.
Most of us do not want a 8 pc / 16 gpu garage like I have right now, but I am making 1000 a month the last 2 months. So this may stay around for a while.

As I said in my earlier post AMD would do well to buy bitcoins to keep the price up. The entire worth of bitcoins is about 1.2 billion maybe 1.4 billiion around 11.5 million coins at about 110 usd. So if AMD buys coins to keep the price up it is a low cost way to entice people into amd gpus. If AMD were to buy 10,000 coins at 150 usd that would be 1.5 million dollars if the price rose to 160-170 due to this AMD would have a great 'commercial' to entice people to switch to bit coins. If Amd then paid a developer (Maybe a million) to setup a quality pool to make an easy litecoin and Terracoin pool for dummies much like www.bitminter.com is an easy pool for bitcoins > They would further enhance the value of their gpus once ASICS take over bitcoin mining.

Hey AMD read this and do it. It certainly would help boost your gpu sales.

While some may laugh this is a sound low cost plan for AMD to boost sales. So AMD if you try it and it works you can send me a check for boosting your sales ! Just kidding. I will make out just fine if you do it my idea as I will mine litecoins, Terra Coins."

If you could tell me why the above is 'bad' for bitminter please explain your position,,

 Thank you phil
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davidspitzer
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April 20, 2013, 12:27:24 AM
 #2756

Litecoin in my view is only a liability for bitminter. Also it's the botnet currency of choise : (

   Like white phantom I would want to know why you do not like litecoins or terra coins.

 I have a 7000 usd gpu farm pushing 8.7Gh soon to be outdated gear for  my mining. 

   Both lite coins and terra coins are restrictive to  asics and welcome gpus.   Yeah I have asics on order but I am waiting like many others. Having a lite coin or terra coin option for my gpus would be nice.  I have been a top 50 miner with bit miner for 8 months I mine with bitminter alone and have always donated 2 to 4 %  At one time I gave 98 % of my Name coins to help this pool.   

 Having the  litecoin/ terracoin setup  will help a lot of the gpu miners that have supported  the good Doctor H. and his pool. 

 To be honest My programming skills are a C  or C+ at best  so an easy setup to mine lite or terra coins will have importance to me.  One more thing  AMD would have a vested interest in litecoin and or terracoin doing well as it would help their sales of gpus.

In this threads I wrote a few replies.


http://forums.anandtech.com/forumdisplay.php?f=8

this is on page 3
 post 2

"My power numbers are 16 cents a k watt

380 watts for 1200 hash

https://bitclockers.com/calc

I use this calculator and this setup will net me 6 bucks a day at todays price of 112 a coin along todays
difficulty of 8,900,000. While this does not seem like a lot 180 a month means this 4 card setup would reach payout in about 5 or 6 months. I know difficulty is rising but litecoins and TRC are setup as
non-Asic or gpu only. This means switching to litecoins will allow you to mine with gpus for a few more years.
Most of us do not want a 8 pc / 16 gpu garage like I have right now, but I am making 1000 a month the last 2 months. So this may stay around for a while.

As I said in my earlier post AMD would do well to buy bitcoins to keep the price up. The entire worth of bitcoins is about 1.2 billion maybe 1.4 billiion around 11.5 million coins at about 110 usd. So if AMD buys coins to keep the price up it is a low cost way to entice people into amd gpus. If AMD were to buy 10,000 coins at 150 usd that would be 1.5 million dollars if the price rose to 160-170 due to this AMD would have a great 'commercial' to entice people to switch to bit coins. If Amd then paid a developer (Maybe a million) to setup a quality pool to make an easy litecoin and Terracoin pool for dummies much like www.bitminter.com is an easy pool for bitcoins > They would further enhance the value of their gpus once ASICS take over bitcoin mining.

Hey AMD read this and do it. It certainly would help boost your gpu sales.

While some may laugh this is a sound low cost plan for AMD to boost sales. So AMD if you try it and it works you can send me a check for boosting your sales ! Just kidding. I will make out just fine if you do it my idea as I will mine litecoins, Terra Coins."

If you could tell me why the above is 'bad' for bitminter please explain your position,,

 Thank you phil
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I was under the impression that BFL fpga would not work for litecoon

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April 20, 2013, 06:03:52 AM
 #2757

Litecoin in my view is only a liability for bitminter. Also it's the botnet currency of choise : (
...but litecoins and TRC are setup as non-Asic or gpu only
I certainly don't see the problem with LTC support at BitMinter.  I think it's a fantastic idea.  However, I'm afraid TRC is not ASIC proof in the least.  Avalons have already been used for TRC once or twice, causing a lot of complaints among its mining community.  I'm just speaking from my experience listening to traders in the BTC-e trollbox who complained about their incredibly slow confirmations (like 2-3 hours for one) for about a week.  Here's a thread that discusses ASIC being a threat to TRC:
https://bitcointalk.org/index.php?topic=140187.0
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April 20, 2013, 07:03:33 AM
 #2758

Can you expound a little on this point?
More thigs to go wrong if both mining are done on the same server. Attracting botnets to mine being one, they will burn up a lot of bandwith and other server resources even with miners that are running a negative profit after electricity... and after impementing should Dr. Haribo choose to remove it some day the vengeful ddos is a given.

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April 20, 2013, 08:41:21 AM
 #2759

Right, this seems pretty dead on. Try turning off your bitcoind (if you're on 0.8.1 anyway, which by your post I'm assuming that's your problem) when the lag seems pretty bad to see if it goes away like we did. We also realized that this started happening about the same time we upgraded to 0.8.1. Only thing is that your lag stops when you stop mining?

Well, turns out that mining had nothing to do with it...Just a coincidence that led me to believe so.  Closing the 0.8.0 client makes my high latency go away almost instantly.

Thanks so much to Doc and farfie for bringing up this topic.  The high latency was driving me nuts when gaming!

No problem. If what was said in an earlier post was true, hopefully they'll add a way to cap the upload/download on bitcoin-qt in the settings or something. Could QoS or use other software to do it, but I'd still rather just see the feature implemented. Sorry for OT discussion.
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April 20, 2013, 09:02:59 AM
 #2760

Litecoin in my view is only a liability for bitminter. Also it's the botnet currency of choise : (
...but litecoins and TRC are setup as non-Asic or gpu only
I certainly don't see the problem with LTC support at BitMinter.  I think it's a fantastic idea.  However, I'm afraid TRC is not ASIC proof in the least.  Avalons have already been used for TRC once or twice, causing a lot of complaints among its mining community.  I'm just speaking from my experience listening to traders in the BTC-e trollbox who complained about their incredibly slow confirmations (like 2-3 hours for one) for about a week.  Here's a thread that discusses ASIC being a threat to TRC:
https://bitcointalk.org/index.php?topic=140187.0
Terracoin uses the same hash than Bitcoin: sha256d. Litecoin uses scrypt. Avalon can only do sha256d.

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Trade BTC for €/$ at bitcoin.de (referral), it's cheaper and faster (acts as escrow and lets the buyers do bank transfers).
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