[1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]

[DeathAndTaxes]

Maybe it has already been covered in this thread, but has bitminter considered doing merged mining?
I wouldn't mind having some NMC to dump on the market. It's use is over hyped in my opinion.
With the ability to store anything in the block chain, Bitcoin could easily evolve to cover an entire host
of solutions such as this.

Which would be a horrible idea.  It would link domain costs to price of Bitcoins despite the fact that demand for Bitcoins likely will never match demand for domain names.

[1714292044]

1714292044

[1714292044]

1714292044

[allten]

Maybe it has already been covered in this thread, but has bitminter considered doing merged mining?
I wouldn't mind having some NMC to dump on the market. It's use is over hyped in my opinion.
With the ability to store anything in the block chain, Bitcoin could easily evolve to cover an entire host
of solutions such as this.

Which would be a horrible idea.  It would link domain costs to price of Bitcoins despite the fact that demand for Bitcoins likely will never match demand for domain names.

Who said anything about linking prices? They would just be paying for space in the block chain to the miners.
What we need is for someone to come up with a pricing shceme for space in the block for non bitcoin transactions.
One idea of mine is to have two fee: one that goes to the miners and one that goes into a savings that will
compliment miner rewards after mining all 21 million coins. Need to get my but in gear and write a paper for presentation.

[DeathAndTaxes]

There is finite space in each block. There is no reason to have a seperate fee for non-transactions.  You take up space you pay the fee. 

If transaction volume is high and thus space is at a premium it will raise the cost of domain names (even if domain names are low).  "Wait almost nobody uses .bit and it cost $87 a year to register a domain?". 

On the other hand if transaction volume is low but somehow .bit takes off it would drive up transaction fees.  Kinda hard to convince someone to use Bitcoin when nobody is using it and yet fees are still higher than credit cards.

There is absolutely no good reason to put domain data in the blockchain.

[P4man]

And now for something else.
I got my 5870 last week, but boy; was it hot: 85+C with stock cooler and at stock speed; 90-100C on the VRMs, that is just too hot for me.  I hate hot; so I took care of it, big time:





Isnt that just cool?
You bet it is;

The 5870 at 900 MHz with Sptifire runs now at a stunning 45C tops! with an old crap fan at 7v. The VRMs are around 60C
The 5850 at 775 MHz with the battlexe cooler tops at 54C; no VRM sensor, so I dont know

BTW, nothing beats the spitfire, but that battle-axe cooler is amazing value. You can find them online for like 20 dollar and I bought them for 6 euro each, expecting them to be pretty crapy and thinking I could at least use the fans; but they are not crap, they are superb. Significantly better than the Accelero twin turbo or the Twin Frozr II coolers. They do take 3 slots, but they are cheap as chips and give incredible performance for the money.

[DrHaribo]

An issue on the server causing some lag. Working on it.

[DrHaribo]

Back to normal. Sorry for the instability.

It stopped after a few minutes by itself, before I could really figure out what it was. If it was a botnet visiting, sorry, we can't handle that kind of load yet.

[DrHaribo]

The only thing keeping me from signing up and trying BitMinter is having OpenID shoved down my throat.  Have the option for OpenID, but have a local signup option as well.  (You still have to track the accounts internally anyway, so adding a non-OpenID signup shouldn't be that bad).

I think OpenID is convenient for most users. But yes, I could add password login as an option. My TODO-list is very long though, so I have to prioritize. Anyone else who would like login by password please let me know. Higher demand means higher priority.

Maybe it has already been covered in this thread, but has bitminter considered doing merged mining?

Merged mining needs a little more testing before it is ready. But I am almost certain that we start merged mining sometime today.

The 5870 at 900 MHz with Sptifire runs now at a stunning 45C tops! with an old crap fan at 7v. The VRMs are around 60C
The 5850 at 775 MHz with the battlexe cooler tops at 54C; no VRM sensor, so I dont know

Sweet! 

[P4man]

Back to normal. Sorry for the instability.

It stopped after a few minutes by itself, before I could really figure out what it was. If it was a botnet visiting, sorry, we can't handle that kind of load yet.

Its not over.. still hickups

[DrHaribo]

Its not over.. still hickups

Looks like it came back for a minute or two, then went away again.

It appears for a while we've been getting many times the normal amount of getwork requests on the pool server. Could be that someone connected a botnet and left when they saw the server couldn't handle the load.

[btc_artist]

What is wrong with OpenID?  The purpose is to remove the responsibility of safeguarding passwords properly from the website and to reduce the number of passwords users need to remember (and prevent password duplication).  Adding internal passwords kinda defeats the entire purpose of OpenID.

I prefer a separation of concerns.  I use a different passphrase (and often a different username) for every site I sign up for.  If I were to use OpenID to sign into all sites, and someone were to get my OpenID passphrase, they would have access to *all* sites I'm registered with.  If I want to use OpenID *and* have separate passphrases for each site, then I would need a new OpenID identity for each site, which is much more complex than simply registering for each site.  $0.02.

I think OpenID is convenient for most users. But yes, I could add password login as an option. My TODO-list is very long though, so I have to prioritize. Anyone else who would like login by password please let me know. Higher demand means higher priority.

Thanks for considering it, kind sir!

[P4man]

If someone hacks my openid, their access to my bitminter account is among the least of my concerns. The worst they could do is pay themselves out my share until I find out, assuming there are even pending payments, thats not gonna change my life. Why dont you create an openid that you use for similar "doesnt really matter" sites?

[btc_artist]

Why dont you create an openid that you use for similar "doesnt really matter" sites?

I already have numerous OpenID identities.  I'm just saying it's easier and less complex to manage X user/password combinations than the same number of OpenID identities.

[DeathAndTaxes]

I prefer a separation of concerns.  I use a different passphrase (and often a different username) for every site I sign up for.  If I were to use OpenID to sign into all sites, and someone were to get my OpenID passphrase, they would have access to *all* sites I'm registered with.  If I want to use OpenID *and* have separate passphrases for each site, then I would need a new OpenID identity for each site, which is much more complex than simply registering for each site.  $0.02.

I likely won't convince you but there are some OpenID providers which support 2 factor authentication which provides more security than seperate passwords.  If an attacker gains your passphrase it is likely because he has a trojan on your system.  Which means he gains every username/password for every site you login.

With 2 factor authentication I could tell you my passphrase right now and you couldn't gain access to any of my OpenID sites.  Verisign is one.  Google is another.  Google system is nice because as a backup they will call a pre-registered phone (my home phone) and give you the current 2nd factor code in case you don't have access to your token.

As great as Bitminer is I doubt DrHaribo has the resources to implement 2 factor authenticate anytime soon.  Using OpenID makes my login to BitMinter more secure than any other pool currently operating (and sadly more secure than TradeHill).  If TradeHill supported OpenID I would instantly gain 2 factor authentication there too for free.

I got no problem w/ DrHaribo adding low security paswords if people want that I just hope any implementation doesn't compromise the security of OpenID.  Also he has a lot of other things to work on.

[btc_artist]

I likely won't convince you but there are some OpenID providers which support 2 factor authentication which provides more security than seperate passwords.  If an attacker gains your passphrase it is likely because he has a trojan on your system.  Which means he gains every username/password for every site you login.

With 2 factor authentication I could tell you my passphrase right now and you couldn't gain access to any of my OpenID sites.  Verisign is one.  Google is another.  Google system is nice because as a backup they will call a pre-registered phone (my home phone) and give you the current 2nd factor code in case you don't have access to your token.

As great as Bitminer is I doubt DrHaribo has the resources to implement 2 factor authenticate anytime soon.  Using OpenID makes my login to BitMinter more secure than any other pool currently operating (and sadly more secure than TradeHill).  If TradeHill supported OpenID I would instantly gain 2 factor authentication there too for free.

I got no problem w/ DrHaribo adding low security paswords if people want that I just hope any implementation doesn't compromise the security of OpenID.  Also he has a lot of other things to work on.

Fair enough. You do have some good points.  Personally, I hope DrHaribo implements local accounts, but I do realize it's not at the top of the priority list.

[DrHaribo]

I just put in merged mining and restarted the pool backend.

jay9228 made a namecoin block after 1 minute. Nice work, Jay - we are off to a good start!

Still TODO:

• Make it possible to enter an auto cash out NMC address on the website. Hopefully this will be working before the first NMC block is confirmed.
• Make the BitMinter client react to long poll notifications even when the bitcoin parent block hasn't changed. The server is currently registering a lot of NMC stales because of this.

[DeathAndTaxes]

li]Make the BitMinter client react to long poll notifications even when the bitcoin parent block hasn't changed. The server is currently registering a lot of NMC stales because of this.[/li][/list]

Don't feel bad a lot of other miners including cgminer do the same thing.  To anyone concerned at most it would reduce the NMC blocks found which is essentially a bonus to the BTC being earned.  Still getting >100% compared to BTC only mining.

[Digigami]

wohoo! me = jay9228

guess its time to get a namecoin client installed then eh?

[Tartarus]

wohoo! me = jay9228

guess its time to get a namecoin client installed then eh?

Not necessarily, if you're just going to go off and trade them, just set it to where you're trading

[P4man]

Not necessarily, if you're just going to go off and trade them, just set it to where you're trading

Wouldnt hurry though. NMCs are trading for .. not very much. Barely covers the transaction fees to send them anywhere

Suggestion for DrHaribo; provide an option to donate the NMCs. Or just post your NMC address.

[DeathAndTaxes]

wohoo! me = jay9228

guess its time to get a namecoin client installed then eh?

Well the pool has nowhere to setup withdraw of NMC so you got a little time.  Still under optimal conditions NMC may be worth up to 8% of your BTC earnings.  8% NMC "bonus" plus 5% "pool bonus.  Pretty sweet to get up to 13% extra (plus fees) compared to other pools.