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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 776181 times)
WhitePhantom
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April 19, 2013, 10:38:24 PM
 #2821

Litecoin in my view is only a liability for bitminter.

Can you expound a little on this point?
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philipma1957
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April 19, 2013, 11:48:19 PM
 #2822

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 I have a 7000 usd gpu farm pushing 8.7Gh soon to be outdated gear for  my mining.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
 #2823

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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WhitePhantom
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April 20, 2013, 06:03:52 AM
 #2824

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
 #2825

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
 #2826

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.
gyverlb
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April 20, 2013, 09:02:59 AM
 #2827

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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philipma1957
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April 20, 2013, 12:12:46 PM
 #2828

I was using info from another miner on a different site about terra coins so if they are friendly to asic mining then screw them.
 Back to lite coins  once Asics come out in force there will be a lot of us with a ton of gpu gear.

How hard is it to setup litecoins on a second server independent of the BTC end?
So if the lite coin gets ddos the bit coin would not be ddos.
 I  do not know.

 But The good Doc H may have an idea. I have a limited amount of time and have had a lot of trouble getting a litecoin miner setup. If there was a website like this to setup and mine lite coins it would be very popular. I would think world wide there are a boat load (tens of thousands) of gpu miners that would want to do this with a bitminter sister site. It would also be a smart thing on the part of AMD to contact the Doctor and offer support to set a litecoin server up.  So if there is someone from AMD reading this do something to help your companies sales. I have helped  20 or 30 people setup a miner/gamer rig all of them would switch to lite coins today if bitminter had a sister site liteminter.

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April 20, 2013, 06:02:51 PM
 #2829

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.


When will this happen or is it already?

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April 20, 2013, 11:33:05 PM
 #2830

should be today I can check my donations for you

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April 20, 2013, 11:41:54 PM
 #2831

I had a lot of things I needed to do today so the planned changes are a bit behind schedule.

All changes except the 1% fee are in effect. Fee will be set up in a moment.

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April 21, 2013, 01:07:03 AM
 #2832

I had a lot of things I needed to do today so the planned changes are a bit behind schedule.

All changes except the 1% fee are in effect. Fee will be set up in a moment.


 thanks doc I just checked my donations.

 I am at 1.5 % for both name and bit.   So this gets me the min fee and the perks. Correct? 

 I was giving 2.5% for both coins for the last 5 months. So this is a pay raise for me.  Or a fee cut. My donation page reads both perks are on.

It is sad that so many were taking a free ride.   Thanks for running a good pool. phil

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April 21, 2013, 01:18:35 AM
 #2833

The donations are in addition to the fee. The donation page has a new sentence in bold type to make this more clear.

Fee coming up, just running some tests.

Edit: 1% fee now in effect.

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April 21, 2013, 06:31:07 AM
 #2834

Code:
Quote from: Inaba on Today at 04:34:19 AM
Yes, Conman and Kano should be getting their units next week as well as Bitminter, among a number of others.

Incoming feedback .. in 3.. ...2....

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April 22, 2013, 03:59:05 PM
 #2835

Something seems off with the perks. I've had the perks for BTC API and BTC prepay enabled. Now after the change it says for API 0.5% and for prepay 1.5%. However the donation slider is at 1.5% at the moment.

On the other hand the slider for NMC is at 1.5% as well, API perk enabled, but when I try to enabled the NMC prepay it won't allow it (as it should).

I hope you understand what I'm trying to say.

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April 22, 2013, 04:08:38 PM
 #2836

Something seems off with the perks. I've had the perks for BTC API and BTC prepay enabled. Now after the change it says for API 0.5% and for prepay 1.5%. However the donation slider is at 1.5% at the moment.

On the other hand the slider for NMC is at 1.5% as well, API perk enabled, but when I try to enabled the NMC prepay it won't allow it (as it should).

I hope you understand what I'm trying to say.

A problem caused a delay between reducing perk costs and reducing donation for those using the prepay perks. Those who adjusted down their donations manually in the meantime are now donating 1.5% for 2.0% worth of perks. If you would increase your donation yourself that would be appreciated.

The cost for the API perk will be going down soon and more perks will be added.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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April 22, 2013, 04:17:01 PM
 #2837

Something seems off with the perks. I've had the perks for BTC API and BTC prepay enabled. Now after the change it says for API 0.5% and for prepay 1.5%. However the donation slider is at 1.5% at the moment.

On the other hand the slider for NMC is at 1.5% as well, API perk enabled, but when I try to enabled the NMC prepay it won't allow it (as it should).

I hope you understand what I'm trying to say.

A problem caused a delay between reducing perk costs and reducing donation for those using the prepay perks. Those who adjusted down their donations manually in the meantime are now donating 1.5% for 2.0% worth of perks. If you would increase your donation yourself that would be appreciated.
Done. Looking forward to the new perks!

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April 23, 2013, 01:59:34 PM
 #2838

The website is coming down intermittently, serving up a CloudFare page. Miners mostly still connected, though I'm seeing some timeouts.
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April 23, 2013, 02:13:09 PM
 #2839

Looks like it's getting hit with a DDOS... ugh getting tired of whomever thinks these are fun :S
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April 23, 2013, 09:44:33 PM
 #2840

I was wondering, for sciences sake, if you could add a overall average time to find a block listing somewhere on the website.  I know the actual times can greatly vary, (1 min to sometimes 10+ hours) but it would be nice to see what the bitminter pool average "Find a block" time is over a the course of a week, or a month, etc...
Can't be that hard to get the average.
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