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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833213 times)
Isokivi
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April 20, 2013, 07:03:33 AM
 #2821

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
 #2822

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
 #2823

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
 #2824

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
 #2825

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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philipma1957
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April 20, 2013, 11:33:05 PM
 #2826

should be today I can check my donations for you

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April 20, 2013, 11:41:54 PM
 #2827

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
 #2828

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

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.
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April 21, 2013, 01:18:35 AM
 #2829

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
 #2830

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
 #2831

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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DrHaribo
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April 22, 2013, 04:08:38 PM
 #2832

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.

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April 22, 2013, 04:17:01 PM
 #2833

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
 #2834

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
 #2835

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
 #2836

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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April 23, 2013, 10:25:03 PM
 #2837

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.

The average time is dependant on hashrate and difficulty. Averaging past a retarget wouldn't make sense.


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April 23, 2013, 11:28:06 PM
 #2838

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.

this chart can help you get an estimate

http://bitcoincharts.com/     the rate for blocks per hour FOR THE WHOLE NETWORK is on the upper right corner.


 today it is 6.71 blocks per hour.    multiply by 24 = 161 blocks per day  for the entire network.      so use 161      multiply by bit minters hash rate 6.05 = 974.292 divide by network hash rate 71.858 = 13.55 blocks per day 0r about 1 block every hour and 47 minutes.  


   THIS is in constant flux why our rate of 6.05 Th  and the network rate of 71.588  changes minute by minute.   So you get a rough estimate you can do this calculation 24 times a day on every hour and add it then divide  by 24.  more samples are more accurate but always reflect the past history not the present.   Lets say asic miner decides to move all of its 8Th to bitminter in 1 hour from now .  We jump to 14Th not 6Th and even though we were at the 1 block every 1 hour and 46 minutes for 20 days in a row we now jump to 1 block every 50 or 45 minutes in an instant. 

My math could be off a bit but I am pretty sure theory is correct.. In a way this is a more complicated answer with more detail then PCMiner but essentially the same answer.

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April 24, 2013, 12:22:41 AM
 #2839

No, the network hash rate doesn't affect the pool block rate.
You seem to have added that in and then removed it in your calculations.
Your answer is correct, but the calculation is adding then removing variables.
The network difficulty it what matters.

To get the network difficulty use getinfo on bitcoind or http://blockchain.info/q/getdifficulty - call that D
If the pool hash rate is X TH/s

Then the expected average time for the pool to find a block is:

(D * 2^32) / (X * 10^12) seconds (i.e. a simple 2 number division of D and X)

So assuming the pool hash rate is 6.05TH/s

(8974296.01488785 * 2^32) / (6.05 * 10 ^ 12) = ~6371s or ~1hr 46min

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April 24, 2013, 01:53:38 AM
 #2840

Two stale blocks today?  Is something wrong, how often does this happen?  What a waste of mining...
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