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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 834526 times)
cspindor
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November 08, 2013, 06:26:08 PM
 #5001

the 1123 min. one was from Bitminter yesterday. the confirms today are from me paying out. so this is normal? I have never had a transaction take more than 20 minutes to confirm. I guess the one from bitminter that was stuck from yesterday was holding all the later trans. up. I am good now, they have all confirmed. I was worried something was wrong with the network.
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philipma1957
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November 08, 2013, 06:42:16 PM
 #5002

the 1123 min. one was from Bitminter yesterday. the confirms today are from me paying out. so this is normal? I have never had a transaction take more than 20 minutes to confirm. I guess the one from bitminter that was stuck from yesterday was holding all the later trans. up. I am good now, they have all confirmed. I was worried something was wrong with the network.


 I would think that btc price of 320usd or more has made for more transactions. Think of a person that held coins from Last years price of 10 usd. I would think he is selling now.  I would also think outsiders to btc are buying coins like stock .

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.
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November 08, 2013, 06:53:35 PM
 #5003

I hope that you are right and there is no real problem. thank you for your advice. I have my problem transaction going good now.

Thanx
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November 08, 2013, 07:52:16 PM
 #5004

Last block had 36.71549047btc transaction fees.    Shocked
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November 08, 2013, 08:00:02 PM
 #5005

Last block had 36.71549047btc transaction fees.    Shocked
We won't complain. Nice catch.

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November 08, 2013, 08:16:12 PM
 #5006

Last block had 36.71549047btc transaction fees.    Shocked
We won't complain. Nice catch.

Strange: 36.59 BTC fee to send 170.0036322 BTC https://blockchain.info/tx/465fd256ebb68c72df166f31d5f5d7e5eb61de4c1729ed0e6f4e83079a4d9ccc


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November 08, 2013, 09:27:59 PM
 #5007


well thanks to you and bgminer 3.5.1 my red fury is hashing so far I seem to have a good one as I am close to 2.4gh while many are at 2.2gh or less.

thanks again.

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.
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November 08, 2013, 10:12:34 PM
 #5008

Wow, did i read this right?! Congrats Stephendaley.....

http://blockchain.info/block-index/438662/0000000000000004b5916721388de1d48fa49d633b19f5e3dedf7716ac9a2dd5

xstr8guy
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November 08, 2013, 10:17:57 PM
 #5009

This pool is great, but I feel like the Terra Hash and its minig pool competitors out weigh by a lot.

Also, "name coin" is pretty useless. If it were LTC, that would be a different story.
I wonder how hard it would be to add / change that.

It's impossible,
BTC & NMC use 'sha256' hash and LTC uses 'scrypt' hash

Well, that said... another sha coin thats better than NMC and still managed would work then wouldn't it ?

No, NMC is currently the only coin that can be merge mined with BTC.

Namecoins are far from worthless too.  Currently they are $0.64 each on BTC-e.  All of the other SHA coins are worth far less than NMC.
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November 08, 2013, 10:21:24 PM
 #5010


Yes - Stephendaley is officially the awesomest miner on bitminter at the moment.  He may not be in the lead for the race, but he deserves some kind of special commendation!

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November 08, 2013, 10:41:49 PM
 #5011

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?

Also need help with this: https://bitcointalk.org/index.php?topic=327410.0

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Epoch
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November 08, 2013, 10:52:59 PM
 #5012

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?
5.8GH at 511 million difficulty would average 0.00569 BTC/day.

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November 08, 2013, 10:53:15 PM
 #5013

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?

Also need help with this: https://bitcointalk.org/index.php?topic=327410.0

This is a good calculator. http://mining.thegenesisblock.com/

I can't help on your second Q  Sad

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November 08, 2013, 10:58:47 PM
 #5014

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?
5.8GH at 511 million difficulty would average 0.00569 BTC/day.
Lol, 1 BTC after a year which yes I know is a dream since difficulty is only ever going to go up. On that note, has it ever been dropped ?

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opentoe
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November 08, 2013, 11:03:28 PM
 #5015

Everyone tells me "aw, you pay to  much to mine at the Guild", but then finding out about the perks and  you are actually paying fees equaling to almost that of the Guild it almost doesn't make much sense to switch pools for a lesser fee, right?

Bitminter pool is new to me. I've been mining at BTC Guild with good results but when BTC prices kept getting higher the less and less I was making. It just didn't seem right and I can't take hours out of my day to understand how it all works. They have a %3 fee, but Bitminter has fees also. That %1.5 prepay fee that defaults plus the standard fee right? I'm just learning my way through all these pools trying to find a good home permanently. One thing that the Guild does have is a manual payout process. Why doesn't any of the pools have this? Since I'm dealing with so little amounts here, it is nice to have a manual payout process. Maybe Bitminter has it and I'm unaware of it?

Anyway, I switched over to Bitminter around 5pm EST today and I'll see what kind of rewards I have tomorrow around this time. That should at least give me an estimate of a 24 hour earning period, right? Maybe this will be my new home. I only have 275Gh/s of hasing power and my Dad also has the same. I'll be bringing him along with me if the numbers are good here. Right now I left the prepay FEE on, as I wanted to find out if other pools do that same "perk" or not. Is that a standard thing to do or do all pools just pay right away? God the questions.
Well hello.


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November 08, 2013, 11:06:44 PM
 #5016

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?
5.8GH at 511 million difficulty would average 0.00569 BTC/day.
Lol, 1 BTC after a year which yes I know is a dream since difficulty is only ever going to go up. On that note, has it ever been dropped ?
Yes, historically difficulty has dropped, though not often. If you go back to the Fall of 2011 difficulty went from 1.9 million down to 1.1 million (a drop of 40%) from August through December of that year. This was directly because BTC was dropping even faster: from about $10/BTC down to under $2.50/BTC. Miners were turning off their GPUs and selling them.

Don't count on this scenario to repeat itself anytime soon.

BTC: 1DJVUnLuPA2bERTkyeir8bKn1eSoRCrYvx
NMC: NFcfHSBBnq622pAr1Xoh9KtnBPA5CUn6id
smoothrunnings
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November 08, 2013, 11:16:31 PM
 #5017

the 1123 min. one was from Bitminter yesterday. the confirms today are from me paying out. so this is normal? I have never had a transaction take more than 20 minutes to confirm. I guess the one from bitminter that was stuck from yesterday was holding all the later trans. up. I am good now, they have all confirmed. I was worried something was wrong with the network.


 I would think that btc price of 320usd or more has made for more transactions. Think of a person that held coins from Last years price of 10 usd. I would think he is selling now.  I would also think outsiders to btc are buying coins like stock .

No, if anyone was wise and had coins from last year they would hang continue to hang onto them as the price is surely going to high $1k per BTC in less than a year, heck it may even go as high as $2k per BTC!

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November 08, 2013, 11:24:44 PM
 #5018

At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?
5.8GH at 511 million difficulty would average 0.00569 BTC/day.
Lol, 1 BTC after a year which yes I know is a dream since difficulty is only ever going to go up. On that note, has it ever been dropped ?
Yes, historically difficulty has dropped, though not often. If you go back to the Fall of 2011 difficulty went from 1.9 million down to 1.1 million (a drop of 40%) from August through December of that year. This was directly because BTC was dropping even faster: from about $10/BTC down to under $2.50/BTC. Miners were turning off their GPUs and selling them.

Don't count on this scenario to repeat itself anytime soon.
Like I said in the quoted reply...

LOL
the 1123 min. one was from Bitminter yesterday. the confirms today are from me paying out. so this is normal? I have never had a transaction take more than 20 minutes to confirm. I guess the one from bitminter that was stuck from yesterday was holding all the later trans. up. I am good now, they have all confirmed. I was worried something was wrong with the network.


 I would think that btc price of 320usd or more has made for more transactions. Think of a person that held coins from Last years price of 10 usd. I would think he is selling now.  I would also think outsiders to btc are buying coins like stock .

No, if anyone was wise and had coins from last year they would hang continue to hang onto them as the price is surely going to high $1k per BTC in less than a year, heck it may even go as high as $2k per BTC!


Still, even if it gets that high, it can't last forever... everything pops at a point before it rebuilds.

Edit: With difficulty oing up and people in BitMinter with 200+ GHs, I'm not even sure if this pool will be a good fit for me with pay being based on participation and I'm t best doing 6.5Ghs

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Walter Rothbard
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November 08, 2013, 11:40:31 PM
 #5019

Edit: With difficulty oing up and people in BitMinter with 200+ GHs, I'm not even sure if this pool will be a good fit for me with pay being based on participation and I'm t best doing 6.5Ghs

You're going to find that pay is based on participation everywhere, pool or solo, although there are different schemes and formulas.  And it's the same difficulty everywhere.

What you won't find in any other pool is the Bitminter personality.  It is definitely a different place, a different flavor.  And soon you and I will just be mining for fun, anyway. Smiley

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November 09, 2013, 12:13:36 AM
 #5020

Edit: With difficulty oing up and people in BitMinter with 200+ GHs, I'm not even sure if this pool will be a good fit for me with pay being based on participation and I'm t best doing 6.5Ghs

You're going to find that pay is based on participation everywhere, pool or solo, although there are different schemes and formulas.  And it's the same difficulty everywhere.

What you won't find in any other pool is the Bitminter personality.  It is definitely a different place, a different flavor.  And soon you and I will just be mining for fun, anyway. Smiley

Yep, BitMinter is my favorite pool by far.  I bounced around quite a bit when the DDOS was affecting us, but I'm back to stay (unless something happens).  So, my whopping ~13Gh is back.  lol
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