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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 835736 times)
DrHaribo
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June 17, 2013, 09:13:18 PM
 #3501

That's true if the difficulty stay the same.
Considering that the difficulty is going up fast, it's more profitable to find bloc faster before the difficulty rises again.

No, not necessarily more or less profitable, but more likely to be close to average profitability.

The thing with difficulty going up in big jumps and probably never going back down to the old level is that if you had some very good or very bad luck just before the change in difficulty, then that luck does not as easily even out.

It's easy to assume that what will happen is that you will have bad luck and then difficulty rises, because many people tend to see the negatives.

But what happens if you have very good luck and then the difficulty goes up?

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Mastergerund
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June 17, 2013, 09:33:15 PM
 #3502

But what happens if you have very good luck and then the difficulty goes up?

Then you don't notice, because...

Quote
because many people tend to see the negatives.

So sad. We try so hard to be more objective, but our innate psychological foibles keep tripping us up!

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SilentSonicBoom
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June 17, 2013, 09:34:43 PM
 #3503

Are we still having issues with downtime?

Xian01
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June 17, 2013, 10:16:22 PM
 #3504

Ok. I have to be honest. The downtime/problems are starting to annoy me to the point of starting to consider making BTCGuild my primary, and Bitminter as my secondary.
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June 17, 2013, 10:41:48 PM
Last edit: June 17, 2013, 11:02:05 PM by lenny_
 #3505

I already did similar thing - I moved to Slush pool. No downtimes on Slush since change.
Can't pool operator afford buying stronger DDoS protection  Huh

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June 17, 2013, 11:01:10 PM
 #3506

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

Not true.
Let's do some calculations:
Pool1:   1 TH, finds block every 23.07 hours, 1.04 blocks/day.
Pool2: 10 TH, finds block every 2.307 hours, 10.4 blocks/day.
Mining with same hashrate, payouts will be statistically equal.

But there's one interesting thing:

Each block in Bitcoin network have ~0.5, sometimes even more! of Transaction Fees.
In Pool1, we have this bonus only 1 time per day. In Pool2, we have it 10 times a day.
So on Pool2 with stronger power, will collect more Transaction Fees and users get it split between them 10 times per day instead of 1! That's ~5-10 BTC more for pool, every day.
Bonus reward for miners equals ~1/3 of block everyday, at no extra cost? Sure thing.

That's why it's better to mine on bigger pool, more rewards (thanks to network transaction fees) to split and smaller variance.

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eleuthria
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June 17, 2013, 11:21:49 PM
 #3507

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

Not true.
Let's do some calculations:
Pool1:   1 TH, finds block every 23.07 hours, 1.04 blocks/day.
Pool2: 10 TH, finds block every 2.307 hours, 10.4 blocks/day.
Mining with same hashrate, payouts will be statistically equal.

But there's one interesting thing:

Each block in Bitcoin network have ~0.5, sometimes even more! of Transaction Fees.
In Pool1, we have this bonus only 1 time per day. In Pool2, we have it 10 times a day.
So on Pool2 with stronger power, will collect more Transaction Fees and users get it split between them 10 times per day instead of 1! That's ~5-10 BTC more for pool, every day.
Bonus reward for miners equals ~1/3 of block everyday, at no extra cost? Sure thing.

That's why it's better to mine on bigger pool, more rewards (thanks to network transaction fees) to split and smaller variance.

The larger pool would split those bonus rewards (tx fees) with more people.  There *shouldn't* be a difference in how much you make based on pool size assuming uptime and fees are the same.  The exception is that a smaller pool can screw you on variance before big difficulty changes.  On the flip side, you can end up WAY ahead of what you should before those big changes on a smaller pool.  In the long run these shortfalls/big wins should even out, and you can never know which side you'll be on until it has already happened.

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Troupster
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June 18, 2013, 12:21:20 AM
 #3508

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

If you have 24 hours in a day and it takes 12 hours for each block you only have 2 chances in that 24 hours to find blocks. If you have 3 times the hash rate and find blocks every 4 hours you have more chances to make blocks in a 24 hour period. Making blocks quickly is important when the dif is going up every 10 days.

Can't tell if serious, or bad at math.

LOL either way  Grin
SilentSonicBoom
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June 18, 2013, 12:28:59 AM
 #3509

Any update on downtime?

True___Blue
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June 18, 2013, 12:56:17 AM
 #3510

Down here as well.  I would recommend anyone with the java client to switch to cgminer so you have backup pool capability.

M

Cgminer has always confused me. I know very little about coding. Do you know of any very simple and very basic guides to Cgminer. More detailed then "run your Cgminer with these settings" or "add this to your conf file."  I know what a conf file is but I have no idea what to do with it.  Thanks.

John122
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June 18, 2013, 01:25:47 AM
 #3511

Cgminer has always confused me. I know very little about coding. Do you know of any very simple and very basic guides to Cgminer. More detailed then "run your Cgminer with these settings" or "add this to your conf file."  I know what a conf file is but I have no idea what to do with it.  Thanks.

Very basic guide for CGMiner :
- Install the software.
- Create a .bat file using notepad containing the following :

c:
cd \Program Files (x86)\CGMiner\cgminer-3.2.1-windows
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u YourUsername_YourWorker -p WorkerPassword

Change the directory according to where you installed it.

- Double-click on the .bat file to run CGMiner.
- Profit!
Guardian of Forever
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June 18, 2013, 02:55:31 AM
 #3512

I have a noob question; I have got BFGminer running on the stratum server. I am a windows user, not a command line person in any way, I notice there is zero hash rate on website counter, ie under another attack. But my command line window show My workers are sending/receiving work packets. Am I mining? Do you have an optimum setting suggestion for BFGminer setup?

I will be helping Bitminters hashrate as soon as I get my ASCI rigs. We must think about keeping the bitcoin community strong and diversified. there is a piece of the mining pie for everyone; we can't let one pool/group have monopoly control of mining.
PCMiner
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June 18, 2013, 04:53:21 AM
 #3513

I have a noob question; I have got BFGminer running on the stratum server. I am a windows user, not a command line person in any way, I notice there is zero hash rate on website counter, ie under another attack. But my command line window show My workers are sending/receiving work packets. Am I mining? Do you have an optimum setting suggestion for BFGminer setup?

I will be helping Bitminters hashrate as soon as I get my ASCI rigs. We must think about keeping the bitcoin community strong and diversified. there is a piece of the mining pie for everyone; we can't let one pool/group have monopoly control of mining.

90% of the time, if your miner is submitting shares, they are being counted even if the website front end may be down.  I say 90 because there may be rare circumstances when that's not the case but Dr. will have to chime in on that.
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June 18, 2013, 05:45:27 AM
 #3514

I see the current hash rate is half what it was a couple of days ago. I think its important for the pool to protect against the intermittent DDOS otherwise within a short while there'll be no one left. Which would be a shame.

What is the motive for the DDOS you think ? Another pool need more ?
derekleong75
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June 18, 2013, 06:10:19 AM
 #3515

It's been bad.  Everytime I see the hash rate goes up, I point my miner at the pool and then in moments it goes to 0 again and I get connection issues.
Grrrr!
Xian01
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June 18, 2013, 06:26:18 AM
 #3516

It's been bad.  Everytime I see the hash rate goes up, I point my miner at the pool and then in moments it goes to 0 again and I get connection issues.
Grrrr!

 I'm kinda sad to admit I've moved all my miners to BTCG as a primary until the issues with BitMinter get resolved Sad Things have been too chaotic over the last week, and today was the worst I think I've ever seen Sad Feel bad for Doc Sad
arcticfox
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June 18, 2013, 06:27:20 AM
 #3517

Cgminer has always confused me. I know very little about coding. Do you know of any very simple and very basic guides to Cgminer. More detailed then "run your Cgminer with these settings" or "add this to your conf file."  I know what a conf file is but I have no idea what to do with it.  Thanks.

Very basic guide for CGMiner :
- Install the software.
- Create a .bat file using notepad containing the following :

c:
cd \Program Files (x86)\CGMiner\cgminer-3.2.1-windows
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u YourUsername_YourWorker -p WorkerPassword

Change the directory according to where you installed it.

- Double-click on the .bat file to run CGMiner.
- Profit!

I just installed Cgminer 3.2.1 on my Macbook Pro running VMware with Windows 7. I created the .bat file with the following content:

cgminer -o stratum://mint.bitminter.com3333 -u XXXXXX -p XXXXXX (with my password and user inserted)

When I run the bat file, Cgminer starts for a split second and then disappears, I can see what the problem is because it is only up for a fraction of a second. If I click on the Cgminer.exe file and insert the url, user and password when prompted I get it to run just fine. What am I doing wrong with the bat file?

(My Asicminer block eruptor is hashing away at 326 Mh/s. Used the Zadic utility to change the driver, ans Cgminer detected it right away)
derekleong75
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June 18, 2013, 06:27:48 AM
 #3518

I'm sorry too doc.  I'm mining LTC for now as my rigs are at work (free electricity) and I think you are the only pool that I can access over port 80.  No other pool is firewall friendly for me.  I'll be back once things are stable.
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June 18, 2013, 06:28:07 AM
 #3519

The most unpleasant thing that there is not much doc can do about it

Fuck Angry

Doc,

Once again Consider VPN+NAT for mining backend. Keeping your real IP hidden will help a lot assuming that you have SOME VPS black boxes just to portwarfard mining traffic. Shutting down the Attacked VPS vpn will guard you completely, then Use different VPS for ovpn. I know that this sucks and is pain in the ass, but this will allow you to change your pool ip on the fly and will slow down the attackers. They will need to prepare/launch new attack against new IP then you will change again in a minute and they are fucked up!

PM me if you wnana know more details about the setup, but i am completely sure you got it Wink

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drwho88888
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June 18, 2013, 06:51:11 AM
 #3520

As I've asked before, what is the motive of the attackers ?
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