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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833213 times)
DrHaribo
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Bitminter.com Operator


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April 09, 2013, 09:32:07 PM
 #2761

BitMinter to take 1% fee - still most profitable of top 10 pools

BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.

We will be moving to a 1% fee on saturday 20th of april.

We are still the most profitable of the big pools, due to low fee, paying out namecoins (6% extra income), paying out income from transaction fees (1% to 2% extra income) and being safe from pool hopping.

What happens on the 20th of april:
- 1% mining fee takes effect (BTC and NMC)
- Prepay perk cost reduced to 1.5% (from 2%)
- Users with prepay on will have their donation reduced by 0.5%. Set it back up afterwards if you like.
- New users will have a 1.5% default donation (rather than 2%)

There will also be more perks coming, but I can't promise any timeframe on that.

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Luuzer
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April 09, 2013, 09:45:25 PM
 #2762

just ordered 6x HD7950 for litecoin mining, now all I need is a nice pool for it Cheesy

Stay away from KNC scammers!!! KNC is the new BFL!
willphase
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April 09, 2013, 09:51:08 PM
 #2763

BitMinter to take 1% fee - still most profitable of top 10 pools

BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.

I've been mining on bitminter for several months now and I can't recommend it enough - okay sometimes the pool gets unlucky but sometimes it's also really lucky - it all balances out.  With a lot of new hashpower coming online, the variance is also the lowest it's been.  Out of all the shares I've submitted I just calculated that my stale/reject rate is 0.076% which is pretty good.

Thanks to DrHaribo for maintaining the pool.

Will

d4rkbreaker
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April 10, 2013, 12:09:11 AM
 #2764

BitMinter to take 1% fee - still most profitable of top 10 pools

BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.

We will be moving to a 1% fee on saturday 20th of april.

We are still the most profitable of the big pools, due to low fee, paying out namecoins (6% extra income), paying out income from transaction fees (1% to 2% extra income) and being safe from pool hopping.

What happens on the 20th of april:
- 1% mining fee takes effect (BTC and NMC)
- Prepay perk cost reduced to 1.5% (from 2%)
- Users with prepay on will have their donation reduced by 0.5%. Set it back up afterwards if you like.
- New users will have a 1.5% default donation (rather than 2%)

There will also be more perks coming, but I can't promise any timeframe on that.


Not everyone who uses the website knows of this forum. I'm sure it'd be great if there was a notice regarding this on your website.

Donations: 1JLDd424T2pJms12shLZ8GKYvUMcykkpJq | TRC - 16ZyoYBhWQeTB14Ld9bWLLvoj5e6FTzk23
philipma1957
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Avalon 841 rocks


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April 10, 2013, 01:48:12 AM
 #2765

BitMinter to take 1% fee - still most profitable of top 10 pools

BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.

We will be moving to a 1% fee on saturday 20th of april.

We are still the most profitable of the big pools, due to low fee, paying out namecoins (6% extra income), paying out income from transaction fees (1% to 2% extra income) and being safe from pool hopping.

What happens on the 20th of april:
- 1% mining fee takes effect (BTC and NMC)
- Prepay perk cost reduced to 1.5% (from 2%)
- Users with prepay on will have their donation reduced by 0.5%. Set it back up afterwards if you like.
- New users will have a 1.5% default donation (rather than 2%)

There will also be more perks coming, but I can't promise any timeframe on that.


Not everyone who uses the website knows of this forum. I'm sure it'd be great if there was a notice regarding this on your website.
  good idea.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Newar
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April 10, 2013, 02:11:01 AM
 #2766

That sucks that most people put donations at 0% :-(


Not everyone who uses the website knows of this forum. I'm sure it'd be great if there was a notice regarding this on your website.
  good idea.
And also on email, for those where you have a record. Using the API it is not necessary to check here or the website.

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DrHaribo
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April 10, 2013, 09:01:56 AM
 #2767

Yep, emails will go out. It's on the website in the lower right corner under "news", but I will add something that is easier to notice.

Not sure if I should spam 40 000 people with it. Maybe I should limit it to users who were active in the last months.

So far the message has gone out on twitter, facebook, google+ and bitcointalk. It's the twitter message that is on the bitminter.com website.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
SgtMoth
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buy silver!


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April 10, 2013, 03:34:25 PM
 #2768

awesome job Dr!!!  Keep up the good work!!! i agree with raising the fee, maybe time to stop paying for orphans too(if you havent already)
willphase
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April 10, 2013, 08:35:36 PM
 #2769

I see to have unconfirmed payments, despite paying for the perk to bypass this - has anything changed on the backend?

Cheers,

Will

DrHaribo
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April 10, 2013, 08:43:42 PM
 #2770

I see to have unconfirmed payments, despite paying for the perk to bypass this - has anything changed on the backend?

If you turned on prepay after the block was found then that block pays without prepay.

awesome job Dr!!!  Keep up the good work!!! i agree with raising the fee, maybe time to stop paying for orphans too(if you havent already)

Thanks for the support Smiley Will keep paying for orphans, but it will be a 1.5% donation on top of the 1% fee.
awesome job Dr!!!  Keep up the good work!!! i agree with raising the fee, maybe time to stop paying for orphans too(if you havent already)

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
willphase
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April 10, 2013, 08:59:32 PM
 #2771

I see to have unconfirmed payments, despite paying for the perk to bypass this - has anything changed on the backend?

If you turned on prepay after the block was found then that block pays without prepay.


Haven't changed my settings in months, and my understanding was that no changes were happening until 20th April... also I already pay 2% so I thought I wouldn't have to change anything anyway.

Anyway - the BTC just came through so maybe it was just a glitch in the matrix.

Will

DrHaribo
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April 10, 2013, 09:11:55 PM
 #2772

I see to have unconfirmed payments, despite paying for the perk to bypass this - has anything changed on the backend?

If you turned on prepay after the block was found then that block pays without prepay.


Haven't changed my settings in months, and my understanding was that no changes were happening until 20th April... also I already pay 2% so I thought I wouldn't have to change anything anyway.

Anyway - the BTC just came through so maybe it was just a glitch in the matrix.

Will

Ah. It's the payment processor falling behind. That's also why blocks show as stale sometimes for several minutes.

I'll try to get this over to a faster server soon! Apologies for all the confusion it is causing.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
mdude77
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April 11, 2013, 12:20:00 AM
 #2773

You know, it'd be really nice if I could manually bump up the difficulty for my workers.  Yes they are only GPUs, but they are quite capable of handling diff 2 or 3, which would reduce my (and your) network through put.

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
conspirosphere.tk
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Bitcoin is antisemitic


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April 11, 2013, 07:10:21 AM
 #2774

Bitminter seems down
davidspitzer
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April 11, 2013, 07:26:04 AM
 #2775

Bitminter seems down

yep for me also - Dr. H I love your pool but a backup pool function is really really needed. (oh and full asic support soon) I wonder whats up?
WhitePhantom
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April 11, 2013, 07:29:16 AM
 #2776

Bitminter seems down

yep for me also - Dr. H I love your pool but a backup pool function is really really needed. (oh and full asic support soon) I wonder whats up?
I love and miss the BitMinter client, but I had to switch to CGMiner for backup pool functionality.  Not doing it sooner probably cost me 50-100 BTC from July through September (a lot less money back then, though).
davidspitzer
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April 11, 2013, 07:33:04 AM
 #2777

Bitminter seems down

yep for me also - Dr. H I love your pool but a backup pool function is really really needed. (oh and full asic support soon) I wonder whats up?

its seems back up can anyone confirm
DrHaribo
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April 11, 2013, 07:34:05 AM
 #2778

Sorry for downtime. We are back up.

bitcoind 0.8.1 seems to have a memory leak, it sometimes expands to several gigabytes of memory usage.

I'll see what I can do to prevent this in the future.

And yeah, backup pool support is at the top of the list, right after ASIC support for the miner.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
davidspitzer
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April 11, 2013, 07:36:47 AM
 #2779

Sorry for downtime. We are back up.

bitcoind 0.8.1 seems to have a memory leak, it sometimes expands to several gigabytes of memory usage.

I'll see what I can do to prevent this in the future.

And yeah, backup pool support is at the top of the list, right after ASIC support for the miner.


thanks - your a superstar
Zalfrin
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April 11, 2013, 02:14:22 PM
 #2780

Can you tell me a little more, or point me to information, about how the NMC merge mining is set up on your pool? I'm trying to do a comparison of profitability mining here versus other pools, but I haven't come across what the expected PPS is for NMC. I looked at my account history and based on number of NMC shares submitted and my NMC wallet, I get ~0.0001358 NMC/share, but that's averaging over a long period of time and I'm sure difficultly is probably higher now than it was in my average. That NMC/share value looks quite high compared to, say, bitparking pool which explicitly lists their PPS rates.

Maybe this is a silly question, but any insight you can provide would be appreciated.

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