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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 775071 times)
philipma1957
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I charge NOTHING for current signature.


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May 09, 2013, 01:27:39 PM
 #2981

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.

I'm one of the "set and forget" miners and I'm kind of disappointed. I knew this day would come... I guess it's time for me to run p2pool

I don't understand what you imply here (given your quote). If it's Re: the 1% fee, I think it was long time due, given the added value of BitMinter, the excellent uptime and reliability of the pool, etc. If it's Re: the notification method, I see nothing wrong in using the website to communicate (it has been pinned as a very visible banner for weeks), e-mail would only have been a plus IMHO.

We just want some luck now Smiley

PS @organofcorti @philipma1957 thanks for you comments and analysis.

I guess it would be very useful if there was some way to separate analysis for getwork, stratum and GBT. A statistical anomaly for one of the 3 protocols would be a great hint in case there was indeed a problem.


 thanks for  the thanks.  I really should do it perfectly correct but frankly it is a shit load of work.  I am still satisfied the pool is running honestly. I am mining my 10Gh/s here and always mined with the doctor's pool since i found him last August 2012.  As for the 1% fee causing a problem for a miner pleaseee .

I have paid the Doctor 2 to 4 percent since August of 2012 why because he bothered to write an easy interface that to this day no one else has.

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

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organofcorti
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May 09, 2013, 01:32:35 PM
 #2982

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.

I'm one of the "set and forget" miners and I'm kind of disappointed. I knew this day would come... I guess it's time for me to run p2pool

"Set and forget" doesn't mean you should expect something for nothing. If you use p2Pool, are you going to turn off the donation to the developers?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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DrHaribo
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May 09, 2013, 02:50:59 PM
 #2983

So basically because I'm biased and the pool has lived long before I joined, I was wondering when someone like you would start to worry.

Probability theory and statistics are not my fields of expertise. The smart thing for me then is to rely on people who are good with this.

If people like organofcorti or Meni Rosenfeld, people who understand numbers, tell me that the numbers look strange, then I worry.

When miners see bad luck and let their emotions run away with them, I ask organofcorti to perform a calm and thorough analysis of the data and present his findings so everyone can see what the situation really is.

If you want to make the most coins, read his report when it's out. When it comes to money, math beats emotions every time.

By the way, we just got 5 blocks in 22 minutes. Smiley

I'm one of the "set and forget" miners and I'm kind of disappointed. I knew this day would come... I guess it's time for me to run p2pool

I'm sorry you feel disappointed with the 1% fee. I was a bit worried about introducing a fee, but surprisingly I got mostly positive feedback.

Last december a string of orphan blocks killed all the profits of the pool, back to the beginning. So the pool had zero profit. Server costs were not covered. What about lost income from the 1.5 man years of work I had put into this. As a skilled software developer and web security specialist, that's .. a few coins. BitMinter was a disaster. I couldn't keep working my ass off to help others make money, while I only had losses (server costs) myself. A minimum wage job would be a dream in comparison.

So now we are the second cheapest pool, after P2pool. That's a much smaller pool with much more variance. If you think the luck swings on BitMinter are bad, then you'll be running away screaming. But if you set p2pool donation to zero, set up merged mining with automatic restart of namecoind when it locks up daily, and ensure you have good and fast connectivity to the most important nodes on the bitcoin peer-to-peer network to avoid orphans, and pray that other p2pool users have the same, then you should come out a little bit ahead on average. If you're lucky. I'm hoping that what BitMinter has to offer is worth more than that.

I have paid the Doctor 2 to 4 percent since August of 2012 why because he bothered to write an easy interface that to this day no one else has.

Thanks, that is much appreciated! Smiley

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
Jcw188
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May 09, 2013, 03:15:50 PM
 #2984

Wow look at realasicminer go!  Is there an end in sight, as far as how high he can go?  Undecided
DrHaribo
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May 09, 2013, 03:51:04 PM
 #2985

if the trend continues I would guess that the server struggles to keep up with the load.

The funny thing is that the load on the mining server hasn't been lower in months. I guess some slow miners gave up and were replaced with ASIC miners. With var diff it's the number of workers and connections that matter, not the hashrate. Whether you have 1 Ghps or 1 Thps doesn't matter to the server - the load is the same.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
AmbysWorld
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May 09, 2013, 04:35:06 PM
 #2986

Why are all of the latest namecoin blocks stale?
DrHaribo
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May 09, 2013, 07:21:57 PM
 #2987

Why are all of the latest namecoin blocks stale?

New blocks are showing as stale, I'll get this changed to "processing" or something like that soon.

Why are they like that for more than some seconds? Because while the mining server has a lighter load than usual, the payment processing system is lagging badly. I'll improve this soon.

Apologies for the confusion it causes to show so many "stale" blocks, especially with all the fast blocks we had today it looked crazy.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
AmbysWorld
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May 09, 2013, 08:12:59 PM
 #2988

no worries, I just had not noticed that until today.

Thanks Dr. Haribo!!
DrHaribo
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May 09, 2013, 08:29:30 PM
 #2989

organofcorti has done a very thorough audit of BitMinter's payouts:

http://organofcorti.blogspot.com/2013/05/131-bitminter-and-luck.html

I'd summarize it this way: when we have bad luck we still pay better than most mining pools. When we have good luck we pay a lot more.

Can you really ask for more?

Thanks to organofcorti for the excellent work. If you need to make sense of numbers he's well worth the price.

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


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May 09, 2013, 10:18:17 PM
 #2990

ive always made more on this pool, even with a donation set. 
DrHaribo
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May 09, 2013, 11:22:25 PM
 #2991

Quick website update, now showing "processing" for new unchecked blocks instead of "stale". I hope to have the processing time back to normal again soon too.

Oh, and about the email notifications for the 1% fee, they did go out. But I assume some of you didn't get them because of spam filtering. Email is becoming a very unreliable medium for communication, and it's not easy to send out thousands of mails without some of them being eaten by spam filters. Sad

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
Stack
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May 10, 2013, 12:55:02 AM
 #2992

Wow look at realasicminer go!  Is there an end in sight, as far as how high he can go?  Undecided

I know right!? their speed has been jumping up almost every day!

I would really like to know what ASICs they got their hands on.
Given the rising power (rather than one big boom) it seems almost like they're assembling their own

Are you in here realasicminer? Smiley

kano
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May 10, 2013, 12:57:33 AM
 #2993

...
Not sure what you mean having to pay for the miner. There's no extra fee for using BitMinter client over other mining clients.

If your miner only works on your pool then anyone who uses your miner has to pay you a fee.
e.g. mine 100BTC has to pay you 1BTC (>$100)
Of course everyone else mining on the pool does also, but if the miner is locked into the pool, then the fee is locked in also.

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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May 10, 2013, 01:00:48 AM
 #2994

I'm a returning miner, its been about a year and a half, I ordered just 1 "lowly" 7870xt and will be joining your pool, in the mean time It looks like I've got some learnin to do. It's a bit different then it was in 2011
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May 10, 2013, 01:50:56 AM
 #2995

Are you in here realasicminer? Smiley

https://bitcointalk.org/index.php?topic=99497.0

I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve.
Ƀ:17wbDetEw2aESM5oWXbm5ih9NSdDruyWNT
matt4054
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May 10, 2013, 03:45:21 PM
 #2996

Thank you very much for the in-depth analysis, always fascinating to read these reports. It clearly shows indeed that thanks to the extra NMC and mining fees income, even with bad luck the actual rewards stay close to 0% fee PPS.

I think the only pool that gives better payouts (disregarding luck) would be the BitParking MM pool, because of the extra DVC/IXC, although they don't include mining fees in payouts. I'm currently testing it and it is, I would say, fine for a geek user but totally unusable for newbies and the Average Joe. I'll probably head back to BitMinter after testing...

Again, thank you for taking the time to show the worried miners that no Evil Force was plotting against us ;-)

★ ⏳ BitcoinQueue.com β ★ 📈 Real-time Bitcoin Unconfirmed Transaction Queue Charts ⏳ ★ Forum Topic
induktor
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May 10, 2013, 08:38:34 PM
 #2997

Hello!
I just joined your pool with one card to test it out before move more.

I don't understand the merged mining thing... I can see that I am making some NMC but i am not interested in NMC, only BTC, so my question:

. Do NMC mining takes something from BTC mining power?, if so, is there is any way to disable it?

Another not related:

. I am trying bitminter client (just for the fun of it) and I wonder, I don't see any monitoring feature in it, (temps, fan speed, card % activity, voltage, etc) however in "Menu - view" there is an option that says use Farenheit (F), so does it have monitoring or not? hehe Smiley

thank you!
Edit: typo
SnitraM
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May 10, 2013, 08:57:29 PM
 #2998

. Do NMC mining takes something from BTC mining power?, if so, is there is any way to disable it?

No, so don't worry.

For disabling, switch pool.
induktor
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May 10, 2013, 09:07:50 PM
 #2999

No, so don't worry.

For disabling, switch pool.

Thanks, no need to switch, if doesn't take from BTC, it won't hurt Smiley thanks!
DrHaribo
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May 10, 2013, 10:25:57 PM
 #3000

. Do NMC mining takes something from BTC mining power?, if so, is there is any way to disable it?

No, it gives you (currently) almost 8% more income without slowing down your BTC mining at all. But if you don't want that you can set NMC donation to 100% to get rid of them. No need to switch pools to get rid of extra income, the pool is always happy to accept it as donations.  Grin

. I am trying bitminter client (just for the fun of it) and I wonder, I don't see any monitoring feature in it, (temps, fan speed, card % activity, voltage, etc) however in "Menu - view" there is an option that says use Farenheit (F), so does it have monitoring or not? hehe Smiley

It has temperature monitoring only for BFL FPGAs and BFL ASICs. Monitoring of GPUs got stuck on the TODO list while I have been busy with other things.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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