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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 775108 times)
fredtrader
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May 17, 2013, 02:57:35 PM
 #3061

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

Sounds about right, I believe difficulty went up quite a bit recently

hm thanks, at this rate it'll be 100 days before I earn one BTC, Pretty disappointing.

The only ones making money are pool owners and ASIC miners, Whats to keep BTC afloat if 95% of current miners no longer find it viable

I think mining will become more and more centralized, the only thing breaking this tendency is small ASIC's like the USB ones sold by friedcat, but in the long term the only ones with access to cost affordable ASICs will be those buying in bulk.

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redtwitz
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May 17, 2013, 03:01:57 PM
 #3062

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

515,000,000 hashes/s = 515,000,000 / 2^32 shares/s = 0.119907781 shares/s = 20,720 shares/48h

At the current difficulty, ignoring pool fee and tx fees, that should be about 20,720 / 11,187,257.4614 * 25 BTC = 0.04630268 BTC.
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May 17, 2013, 03:03:59 PM
 #3063

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

Sounds about right, I believe difficulty went up quite a bit recently

hm thanks, at this rate it'll be 100 days before I earn one BTC, Pretty disappointing.

The only ones making money are pool owners and ASIC miners, Whats to keep BTC afloat if 95% of current miners no longer find it viable

I think mining will become more and more centralized, the only thing breaking this tendency is small ASIC's like the USB ones sold by friedcat, but in the long term the only ones with access to cost affordable ASICs will be those buying in bulk.

If BFLabs actually catches up, and has units available to sell, a $275 gpu will do 600Mhash, a $275 ASIC will do 5Ghash/s
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May 17, 2013, 03:05:38 PM
 #3064

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

515,000,000 hashes/s = 515,000,000 / 2^32 shares/s = 0.119907781 shares/s = 20,720 shares/48h

At the current difficulty, ignoring pool fee and tx fees, that should be about 20,720 / 11,187,257.4614 * 25 BTC = 0.04630268 BTC.

So by your math I'm making less then Half then I should be, bleh.
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May 17, 2013, 03:09:54 PM
 #3065

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

515,000,000 hashes/s = 515,000,000 / 2^32 shares/s = 0.119907781 shares/s = 20,720 shares/48h

At the current difficulty, ignoring pool fee and tx fees, that should be about 20,720 / 11,187,257.4614 * 25 BTC = 0.04630268 BTC.

So by your math I'm making less then Half then I should be, bleh.

According to http://www.bitcoinx.com/profit at the current difficulty you should make 0.0232 per 24h and I believe that doesn't count pool fees.

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May 17, 2013, 03:18:19 PM
 #3066

About 48hrs straight mining, 515Mhash/s only sitting .021 BTC, This about right? Seems real low.

515,000,000 hashes/s = 515,000,000 / 2^32 shares/s = 0.119907781 shares/s = 20,720 shares/48h

At the current difficulty, ignoring pool fee and tx fees, that should be about 20,720 / 11,187,257.4614 * 25 BTC = 0.04630268 BTC.

So by your math I'm making less then Half then I should be, bleh.

According to http://www.bitcoinx.com/profit at the current difficulty you should make 0.0232 per 24h and I believe that doesn't count pool fees.

yea, I know that my 7870 isn't a beastly miner and I came back to bitcoin way too late, a bit disappointing all around. thanks for that link, Ill keep a close eye on future profits.
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May 17, 2013, 09:13:05 PM
 #3067

Assuming normal luck all the time, you will never reach 100% expected payout while mining. That's because of the delay in PPLNS, and the delay in block confirmations if you disabled the prepay perk. You will only reach 100% expected payout after you have stopped mining and received all the delayed payouts. This delay is pretty close to 1 day if you have the prepay perk disabled. I heard it's enabled by default now, though.
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May 17, 2013, 11:44:07 PM
 #3068

@DrHaribo
Can you please add Idle Worker Notification to Bitminter? Grin

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.
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May 18, 2013, 03:13:19 AM
 #3069

Hey would it be possible once AISC's take over BTC mining that Mitminter could release a LTC version of the mining client?
I find all the scrypt mining really unweildly and I don't trust the proxy that alot require.

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GuiltySpark343
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May 18, 2013, 03:26:43 AM
 #3070

Proxy is only required for miner clients that don't support stratum. CGMiner supports stratum for scrypt, so just use that.

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.
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DrHaribo
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May 18, 2013, 09:31:12 AM
 #3071

I believe a block is marked stale if it gets rejected by BitMinter's bitcoind. That could happen if the server that's handing out work tries to submit a block without being made aware of a new block just received by the bitcoind. That delay should be very small, but it's still something. Latency between the work server and actual miners is obviously bigger. If a miner submits a block that's known to be stale by the work server, the server should just discard the block without trying to submit it to bitcoind. Do those kind of blocks get marked stale, too?

That's right. Orphaned blocks at BitMinter are what other pools show as orphan or "invalid". The stale blocks at BitMinter are of a type not shown at any other pools as far as I know. Yes, when a worker sends in stale work that could have created a block, that's listed as a stale block. Perhaps this is only demoralizing and should be hidden from the users, like other pools do.

A lot of miners don't understand that BitMinter has one of the very highest payouts you can get from a pool. If the payouts are among the very best but some users think they are among the worst, then I definitely need to do something about how data is presented on the website.

Assuming normal luck all the time, you will never reach 100% expected payout while mining. That's because of the delay in PPLNS, and the delay in block confirmations if you disabled the prepay perk. You will only reach 100% expected payout after you have stopped mining and received all the delayed payouts. This delay is pretty close to 1 day if you have the prepay perk disabled. I heard it's enabled by default now, though.

Yeah, getting 20 confirmations takes about 20 hours. That's needed if you have the prepay perk turned off. Also there is the PPLNS delay. For your work to be fully paid the shift they are recorded in must be finished, plus 10 more shifts. An average of 10.5 shifts. Currently shifts take about 27 minutes, so that's a delay of about 4 hours and 40 minutes from the work is done until it is fully paid. So yes, without prepay the total delay from doing work to getting full pay is currently 24 hours and 40 minutes.

Having half the expected income when half your work has been paid sounds correct.

Can you please add Idle Worker Notification to Bitminter? Grin

Yep, that's coming soon.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
philipma1957
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May 18, 2013, 05:59:30 PM
 #3072

Hey would it be possible once AISC's take over BTC mining that Mitminter could release a LTC version of the mining client?
I find all the scrypt mining really unweildly and I don't trust the proxy that alot require.

 


yeah   I could really use this as i am still stuck will all gpu farm around 8GH/s

I have no idea when I will get my bfl gear. 

Asic miners usb sticks are more expensive then adding hd7790 gpu's.  So down the road LTC is going to be a must for me.

Having an LTC miner  like bitminter does for btc coin would be really nice.  I would think you could do very well with it. 

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

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Xanthon
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May 18, 2013, 07:52:52 PM
 #3073

Hey would it be possible once AISC's take over BTC mining that Mitminter could release a LTC version of the mining client?
I find all the scrypt mining really unweildly and I don't trust the proxy that alot require.

 


yeah   I could really use this as i am still stuck will all gpu farm around 8GH/s

I have no idea when I will get my bfl gear. 

Asic miners usb sticks are more expensive then adding hd7790 gpu's.  So down the road LTC is going to be a must for me.

Having an LTC miner  like bitminter does for btc coin would be really nice.  I would think you could do very well with it. 

I've tried every LTC software out there and none works on my setup. It's definitely some driver issues but I'm unwilling to do a format. Let's hope Bitminter will release something for LTC in the near future.

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GuiltySpark343
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May 18, 2013, 07:57:02 PM
 #3074

Pool down? Cannot access website (other than CloudFlare), cannot access API, and miner cannot access stratum server.

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.
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DrHaribo
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May 18, 2013, 08:02:17 PM
 #3075

Pool down? Cannot access website (other than CloudFlare), cannot access API, and miner cannot access stratum server.

Was seeing some very heavy traffic there for a moment. Seems better now.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
Pentel
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May 18, 2013, 08:36:29 PM
 #3076

Hi Doc, did you ever think your pool would be this popular? And with ASICs miners?

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Xian01
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May 19, 2013, 12:53:29 AM
 #3077

I'm down on all my miners at BitMinter. They're all chugging away on my backup pool ATM Sad
Bonam
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May 19, 2013, 12:59:44 AM
 #3078

There have been lots of website outages and a few miner outages last few days it seems...
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May 19, 2013, 01:01:20 AM
 #3079

yeah.. it's down, working on backup pools for the time being

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trepex
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May 19, 2013, 01:13:48 AM
 #3080

I can only confirm that it's down.
And it had many (!) short time problems the last days.

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