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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 775033 times)
matt4054
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May 27, 2013, 12:23:16 AM
 #3181

This is costing bit minter?  This is costing myself?

It is costing to BitMinter, because they have to pay the tx fee. They can mitigate the fee by using transactions with many outputs, but the message size (that determines the fee) will increase anyway, so yes it is a cost for BitMinter.

But it is also costing you, because whenever you want to spend these small coins, you will have to pay a (sometimes much) higher transaction fee than if you were paying with bigger (like 0.5 BTC) coins.

★ ⏳ BitcoinQueue.com β ★ 📈 Real-time Bitcoin Unconfirmed Transaction Queue Charts ⏳ ★ Forum Topic
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organofcorti
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Poor impulse control.


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May 27, 2013, 12:32:07 AM
 #3182

This is costing bit minter?  This is costing myself?

It is costing to BitMinter, because they have to pay the tx fee. They can mitigate the fee by using transactions with many outputs, but the message size (that determines the fee) will increase anyway, so yes it is a cost for BitMinter.

But it is also costing you, because whenever you want to spend these small coins, you will have to pay a (sometimes much) higher transaction fee than if you were paying with bigger (like 0.5 BTC) coins.

If you get lots of little payments, it might cost you when you want to use them since the tx will be so large.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Tranz
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May the force bit with you.


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May 27, 2013, 01:27:23 AM
 #3183

So what is a good threshold for us little guys? .1 at 4gh/s?

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
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May 27, 2013, 01:45:52 AM
 #3184

So what is a good threshold for us little guys? .1 at 4gh/s?

I use 0.25 for ~7.5gh.  Really the higher the better if you can tolerate it.

M

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
Buyer beware of Bitmain hardware and services.
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May 27, 2013, 02:01:11 AM
 #3185

I use 0.25 for ~7.5gh.  Really the higher the better if you can tolerate it.

Pretty much the same, payout at 0.3 for ~8 GH/s (and 3.0 for NMC)

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philipma1957
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May 27, 2013, 02:48:22 AM
 #3186

thanks to all for the info.  most of the time I am good with my numbers used.

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

1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr

 
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sturle
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http://bitmynt.no


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May 27, 2013, 06:22:39 AM
 #3187

So what is a good threshold for us little guys? .1 at 4gh/s?
I use 10 at 2 Ghash/s.

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
I support the roadmap.  If a majority of miners ever try to forcefully take control of Bitcoin through a hard fork without 100% consensus, I will immediately split out and dump all my forkcoins, and buy more real Bitcoin.
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May 27, 2013, 08:53:38 AM
 #3188

I receive payouts at the lowest level and started sending them at first to btc-e, then didn't like their withdrawal fees, then to mcxnow where i quickly realized they were gettign eaten at under the minimum deposit and now they go straight to bitzino. yes, bitzino of all online sites / wallets to deposit is completely free to transact any amount including withdrawals.  Tongue

BTC: 1ECtmhV33x2GwUi7AmYUrNXpi49pWvinBo               
LTC: LTHMTThM83pqwPAsTi4AbXsahGfCjnFxH7
NMC: NK5Ep74op1GMHnGwAz1EqaCFuuGqVNXyT3
LazyOtto
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May 27, 2013, 06:19:54 PM
 #3189

Website is down.

For me.

-- edit

Just the website. My miners are still happy.
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May 27, 2013, 06:49:10 PM
 #3190

7.15 TH/s.

What happened to our big gun ASICs?

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May 27, 2013, 07:16:41 PM
 #3191

7.15 TH/s.

What happened to our big gun ASICs?




Asic miner is now solo mining.  a link to the asic miner thread


https://bitcointalk.org/index.php?topic=99497.0   310 pages and counting



https://bitcointalk.org/index.php?topic=159194.20   a shorter version 6 or 7 pages


 not that I advise anyone to copy me ,  but I have a few shares of 

AsicMiner-PT I purchased them at .8 BTC now 2.4 BTC and I earned some dividends with them  my shares are on this site.

https://btct.co/

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

1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr

 
 ██
daddyfatsax
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Anger is a gift.


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May 28, 2013, 12:48:30 AM
 #3192

Website is down again. My miners are still connected.
induktor
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May 28, 2013, 01:11:07 AM
 #3193

Website is down again. My miners are still connected.
Yep, site down Sad
Xian01
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Ø1Ø11ØØØ


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May 28, 2013, 02:00:02 AM
 #3194

AsicMiner-PT I purchased them at .8 BTC now 2.4 BTC and I earned some dividends with them  my shares are on this site.
https://btct.co/

 Ditto. Consider reinvesting your AsicMiner-PT dividends into TAT.AsicMiner to keep that snowball growing.
JayCoin
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May 28, 2013, 02:08:09 AM
 #3195

I just started mining at this pool about 5 days ago and the website has been down quite a bit and the pool crashed once also.  Is this normal for this pool?

Hello There!
daddyfatsax
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May 28, 2013, 02:15:47 AM
 #3196

I just started mining at this pool about 5 days ago and the website has been down quite a bit and the pool crashed once also.  Is this normal for this pool?
It has been happening more lately. It is usually fixed pretty fast.
RJ2013
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May 28, 2013, 02:20:47 AM
 #3197

dont worry guys if our workers still mining hopefully we will be surprised when we see our bitminter wallet full of bitcoins...Smiley

RJ2013
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May 28, 2013, 03:44:15 AM
 #3198

Dr. H so we need to pull out our workers or keep them working? because im worried my 13GHash is just wasting their time...

MajorMiner
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May 28, 2013, 03:59:18 AM
 #3199

Site down for HOURS... Whats going on?

"From a small seed a mighty trunk may grow." -Aeschylus
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May 28, 2013, 04:15:52 AM
 #3200

Dr. H so we need to pull out our workers or keep them working? because im worried my 13GHash is just wasting their time...

I believe that mining is going on uninterrupted. Yes, the website is down, and I'm not sure what time it went down, but I continued to receive payouts at these times (US Pacific Time) so I know that the mining operation is ongoing:

2013-05-27 20:11:06
2013-05-27 17:57:03
2013-05-27 15:02:44
2013-05-27 13:59:37
2013-05-27 13:50:01
2013-05-27 13:27:41
2013-05-27 10:04:07
2013-05-27 07:55:15 (payout for 2 blocks here)
2013-05-27 07:07:54
2013-05-27 01:50:10
2013-05-27 01:27:20

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