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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833213 times)
Jayjay04
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September 04, 2013, 07:50:44 PM
 #4321

If someone is interested
Selling my preorder from TerraHash #509

https://bitcointalk.org/index.php?topic=287917.0

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TheQuin
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September 04, 2013, 07:52:51 PM
 #4322

Im invested in bitcoin. I saw bitcoin on Max Keiser show. That is what caused me to find the mining world. I am new to mining, I have 6 usb stick already. I run my system on solar power. (like free) Im looking in to the cointerra, but im thinking December is to long to wait. Plus if they don't ship on time (like bfl). So it mite not be the time to go big, but if I dont go now, will their ever be a better time? the diff increase (wont last) will hurt the profit. we talking months or years of 30% per month???

We just don't know what the future difficulty increases will be. But I would think that it will plateau out at some point. The introduction of ASICs created a gold rush effect. Those that got them early enough made back their money and some. Now there are lots of pre-orders being delivered so the hash rate will continue to rise. There is little point ordering now so the hash rate rise should slow when that filters through to delivery. That's just my opinion but I think the boat sailed long ago on making any profit so I'm not buying more kit but I'm keeping on mining for a bit of a hobby with a few USB sticks.

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September 04, 2013, 08:59:38 PM
 #4323

Im invested in bitcoin. I saw bitcoin on Max Keiser show. That is what caused me to find the mining world. I am new to mining, I have 6 usb stick already. I run my system on solar power. (like free) Im looking in to the cointerra, but im thinking December is to long to wait. Plus if they don't ship on time (like bfl). So it mite not be the time to go big, but if I dont go now, will their ever be a better time? the diff increase (wont last) will hurt the profit. we talking months or years of 30% per month???

We just don't know what the future difficulty increases will be. But I would think that it will plateau out at some point. The introduction of ASICs created a gold rush effect. Those that got them early enough made back their money and some. Now there are lots of pre-orders being delivered so the hash rate will continue to rise. There is little point ordering now so the hash rate rise should slow when that filters through to delivery. That's just my opinion but I think the boat sailed long ago on making any profit so I'm not buying more kit but I'm keeping on mining for a bit of a hobby with a few USB sticks.



 yeah it is not the time to buy 10's of thousands (usd) worth of gear.   Put in a finger or 2  to test the pudding for taste.

 I am in a better spot as I made a bit of coins due to the doctor's good bitminter client.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
cspindor
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September 04, 2013, 09:25:14 PM
 #4324

this block is not a good spot.
norpick
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September 04, 2013, 10:50:31 PM
 #4325

this block is not a good spot.

i was thinking the same thing too......
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September 04, 2013, 10:57:47 PM
 #4326

why has it taken so long on this block? would that be due to the diff rise recently?
philipma1957
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September 04, 2013, 11:02:56 PM
 #4327

block Be gone

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
philipma1957
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September 04, 2013, 11:03:59 PM
 #4328

why has it taken so long on this block? would that be due to the diff rise recently?



 yes and no.  yes in that more diff slows block production no in that 97% is bad and we are up to 97%

  yesterday  the wheel of fortune had 65 slots the new wheel now has 87 slots.  so it is harder to "spin a win".   

but the 97% is based with the diff increase accounted for so it is really lousy number. 

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
DoogieHouser
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September 04, 2013, 11:08:20 PM
 #4329

this block is painfull

You're not kidding! 18 hours! As if the last one wasn't bad enough (12 hours).

--Doogie
norpick
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September 04, 2013, 11:10:35 PM
 #4330

not really had much luck in the last few days looking at the Blocks / minting timeline, more high % than low,
EfterlysT
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September 05, 2013, 01:57:46 AM
 #4331

BTC round duration: 20 hours and 50 minutes   CDF 98.53%   Proofs of work: 366,636,418

Crazy stuff..

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September 05, 2013, 02:03:44 AM
 #4332

BTC round duration: 20 hours and 50 minutes   CDF 98.53%   Proofs of work: 366,636,418

Crazy stuff..
Not at all.

Firstly, on average, every second block will take more than 86,933,017
Secondly, a variance of 8 times isn't rare ... 8x = 695,464,136
Thirdly, 10x, though rare, it still happens = 869,330,170

If his CDF calculation is correct, then you should expect the current block length once every ~68 blocks

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
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September 05, 2013, 02:05:47 AM
 #4333

BTC round duration: 20 hours and 50 minutes   CDF 98.53%   Proofs of work: 366,636,418

Crazy stuff..
Not at all.

Firstly, on average, every second block will take more than 86,933,017
Secondly, a variance of 8 times isn't rare ... 8x = 695,464,136
Thirdly, 10x, though rare, it still happens = 869,330,170

If his CDF calculation is correct, then you should expect the current block length once every ~68 blocks
Ok ! Smiley

milkbottlec
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September 05, 2013, 02:18:44 AM
 #4334

Almost a whole day. Orz

Will be handling Drillbit System UK/EU replacement components soon (waiting to confirm details, stay tunes)
If I helped you and could pop me some treats for this Christmas, donate some BTC to: 1QEhKaUnFoEBaWmXsrE5AUvbAt95254DXr
Cascaders28
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September 05, 2013, 03:25:00 AM
 #4335

We need some sort of dance to make this block go away! 22 hours  Sad
Epoch
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September 05, 2013, 03:34:24 AM
 #4336

Somebody have a rabbit's foot?

BTC: 1DJVUnLuPA2bERTkyeir8bKn1eSoRCrYvx
NMC: NFcfHSBBnq622pAr1Xoh9KtnBPA5CUn6id
tripppn
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September 05, 2013, 05:06:51 AM
 #4337

24hrs!    Shocked

“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
philipma1957
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September 05, 2013, 05:10:25 AM
 #4338

24hrs!    Shocked
  and that is a long time Shocked


 we should do 4-5 blocks a day  one every 5 to 6 hours.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
derekleong75
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September 05, 2013, 06:13:58 AM
 #4339

Being Chinese, I am now wearing red underwear to ward off the bad luck.  I STRONGLY SUGGEST IT!
DoogieHouser
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September 05, 2013, 08:24:58 AM
 #4340

24hrs!    Shocked
  and that is a long time Shocked


 we should do 4-5 blocks a day  one every 5 to 6 hours.

Two days ago, we knocked-out 5 blocks in 6 hours, followed by a block that took nearly 12 hours (11:55), then this block. 27 hours and counting.

CDF = 99.6%

Wow!

--Doogie
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