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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833203 times)
Walter Rothbard
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November 14, 2013, 02:38:37 PM
 #5121

I wanted to come back to bitminter. But after mining for 20~ hours with 200 GH/s I'm only seeing 0.05BTC. Was it just a bad few rounds? Even with bad rounds, I never had it this bad at slush.
I like how people like you think omg this sucks when your averaging what, $20 a day and people like me with small ops are doin what, $0.50 - $1 a day.

??
So I'm not supposed to wonder why I'm under performing just because of other people didn't put out for the hardware?

That doesn't make a lot of sense.

...

When I see people with KNC Jupiters who are having issues, I don't sit there and go "wow, why aren't you just happy with what you have?"

I didn't read him as saying that - just that he was marveling at the difference in scope.

"I like how people like you think..."
Read as a pretty negative connotation to me.
Besides, if you normally average $50-100 per day and suddenly you only averaged $20 without any explicable reason, wouldn't you question it too?

Noticing that people with a lot of hashing power are in much better shape than us little guys doesn't look inherently disrespectful to me.  I like how you guys are fortunate enough to have these problems, too, and I hope I can join you some day!  YES I'd question it if I was in your position, and I'd want to find the answer.

BloodWine is new to this (as am I) and to me it looks like he was just chatting - not faulting you for questioning the numbers.

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Walter Rothbard
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November 14, 2013, 02:39:33 PM
 #5122

I don't want to switch back, and was looking for support. But it looks like I have no choice but to switch back unless I want to purposely be loosing out on BTC.

Have you actually done the PPLNS computations to verify that you are getting paid honestly based on your shares submitted and the blocks the pool has found?

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November 14, 2013, 02:50:25 PM
 #5123

Hey Doc, I don' remember if it was on your site or somewhere else but it was linked in this post once. Anyone got thaat link to the difficulty page that shows when the next increase is due ?

Speaking of which, just how accurae is it in relatio to the next beincrease ?

Ty.

That was this one http://bitcoinclock.com/

This one has the historical increases and charts as well. It is usually pretty close at estimating the next difficulty, just check back every few days to see if it has changed.

http://bitcoinwisdom.com/bitcoin/difficulty



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November 14, 2013, 04:03:25 PM
 #5124

Never used a different pool. never will in all probability unless Bitminter ceases to exist. Just wanted to say a big thanks to Doc and happy mining everyone..

 ✰ If You Risk Nothing, You Risk Everything | PrimeDice.com | The New Way To Roll |  (https://PrimeDice.com) *Thread* (https://bitcointalk.org/index.php?topic=208986.0)

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November 14, 2013, 06:05:12 PM
 #5125

Seriously, organofcorti is absolutely the man when it comes to statistical analysis.

Both Organofcorti and Meni Rosenfeld are very good with the math, statistics and perhaps most importantly: probability theory.

I think it is human nature to fail horribly at understanding probability.

It's OK to not be as good as these guys. I think it is more important to understand the limitations of our own knowledge and skills. Read and use the stuff they write. Smiley

Never used a different pool. never will in all probability unless Bitminter ceases to exist. Just wanted to say a big thanks to Doc and happy mining everyone..
Just wanna say, I never had it "so good when I could mine on Bitminter".

Thank you, sirs Smiley Much appreciated.

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November 14, 2013, 06:14:45 PM
 #5126

Hey Doc, I don' remember if it was on your site or somewhere else but it was linked in this post once. Anyone got thaat link to the difficulty page that shows when the next increase is due ?

Speaking of which, just how accurae is it in relatio to the next beincrease ?

Ty.

That was this one http://bitcoinclock.com/

This one has the historical increases and charts as well. It is usually pretty close at estimating the next difficulty, just check back every few days to see if it has changed.

http://bitcoinwisdom.com/bitcoin/difficulty



What's this mean ?

Reward-Drop ETA: 2016-09-23 22:24:06 UTC (149 weeks, 1 day, 8 hours, 10 minutes)


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DrHaribo
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November 14, 2013, 06:17:15 PM
 #5127

What's this mean ?

Reward-Drop ETA: 2016-09-23 22:24:06 UTC (149 weeks, 1 day, 8 hours, 10 minutes)

That's the next reward halving. After that each block will have 12.5 new coins.

We still have a while to go though, it's not that long since the previous reward halving from 50 to 25 new coins per block.

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MoreBloodWine
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November 14, 2013, 06:41:53 PM
 #5128

What's this mean ?

Reward-Drop ETA: 2016-09-23 22:24:06 UTC (149 weeks, 1 day, 8 hours, 10 minutes)

That's the next reward halving. After that each block will have 12.5 new coins.

We still have a while to go though, it's not that long since the previous reward halving from 50 to 25 new coins per block.

Gotcha, thats gonna piss a lot of ppl of lol.

As for what I was talkin about earlier, and I didn't notice it on that clock. But whens the next increase in difficulty. Something I looked at a few days ao said somehing like 6 days and that I hink was 4 days ago.

██████████████████████  ▀███▄          ▄██▄          ▄██████▄   █████████████████████████
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bluedragon
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November 16, 2013, 08:46:13 PM
 #5129

Ha ha, I glanced up at my computer earlier and this is what I saw...  Cheesy
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November 16, 2013, 08:55:07 PM
 #5130


Support the discouraging of address re-use.



The exchange rate value of everyone's Bitcoins depends on killing the lists. Including you, me, DrHaribo, and everyone mining, pooled, decentrally or solo.

DrHaribo, please consider using the address re-use de-prioritising mining node. This will be a step along the way to preventing the public blockchain record from being used against us to devalue our Bitcoins.

Everyone at Bitminter should familiarise themselves with the forthcoming HD wallets feature, keychains. You can create as many keychains as you wish, just like single addresses. This will let you lock reward payments to a sequence of crytographically determined keychain addresses instead of one address. It is a superior alternative to locking to a static address, you can gain more privacy with the same level of security.

HD wallets will likely be available in the 0.9 Bitcoin client.


Support the discouraging of address re-use.

Vires in numeris
Walter Rothbard
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November 17, 2013, 01:26:06 AM
 #5131

Running at 290 TH tonight!

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November 17, 2013, 04:39:43 PM
 #5132

Where the lost block 270154  Huh
Dot99lr
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November 17, 2013, 04:55:53 PM
 #5133

Where the lost block 270154  Huh

Yeah, I saw that too. What happened?
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November 17, 2013, 05:03:08 PM
 #5134

Where the lost block 270154  Huh

Yeah, I saw that too. What happened?

If you're referring to blockchain.info tagging a block as coming from BitMinter, here is Doc's recent response:

Blockchain.info has wrongly identified a block at height 269542 as coming from Bitminter. Some miners are already asking about this. It does not go to an address we control and there is no "BitMinter" text in the coinbase.

The block is not from Bitminter and I have no idea what makes blockchain.info think so. Perhaps it was relayed through one of our bitcoin nodes. Note that blockchain.info is very unreliable for identifying who made a block, and as a result their estimates of the hashrates of each pool is also very unreliable.


https://bitcointalk.org/index.php?topic=27062.msg3578815#msg3578815

Here's another post on the same subject, entitled Don't believe everything you read on blockchain.info about block sources

https://bitcointalk.org/index.php?topic=123726.0
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November 17, 2013, 07:00:38 PM
 #5135

When you see "relayed by Bitminter" at blockchain.info it just means we relayed the block. That doesn't mean we created the block, it only means the block passed through one of our bitcoin nodes. In a peer-to-peer system like bitcoin, nodes are relaying stuff all the time. The information is utterly useless. What you can read out of this is "Bitminter is using Bitcoin". Great. Thank you, blockchain.info.

If your wallet got hacked and the transaction that stole the coins was relayed by person X: that doesn't mean he stole your coins. It just means he runs a bitcoin node. Don't start threatening him based on some nonsense you saw on blockchain.info. You can trust that data like you can trust random gossip on the interwebs. This example is based on a true story.

For some reason blockchain.info displays this (completely useless) information very prominently on their site and it causes a lot of confusion. Why on Earth would they do this? That, gentle reader, I leave for you to figure out.

Here is an alternative that actually works: http://blockorigin.pfoe.be/

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AussieHash
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November 18, 2013, 08:37:19 AM
 #5136

When you see "relayed by Bitminter" at blockchain.info it just means we relayed the block. That doesn't mean we created the block, it only means the block passed through one of our bitcoin nodes. In a peer-to-peer system like bitcoin, nodes are relaying stuff all the time. The information is utterly useless. What you can read out of this is "Bitminter is using Bitcoin". Great. Thank you, blockchain.info.

If your wallet got hacked and the transaction that stole the coins was relayed by person X: that doesn't mean he stole your coins. It just means he runs a bitcoin node. Don't start threatening him based on some nonsense you saw on blockchain.info. You can trust that data like you can trust random gossip on the interwebs. This example is based on a true story.

For some reason blockchain.info displays this (completely useless) information very prominently on their site and it causes a lot of confusion. Why on Earth would they do this? That, gentle reader, I leave for you to figure out.

Here is an alternative that actually works: http://blockorigin.pfoe.be/


The fact is lots of people use blockchain.info, but we just need to take it's origin notice with a grain of salt.
It's still pretty accurate though isn't it ? say 99% ?
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November 18, 2013, 08:39:54 AM
 #5137

The fact is lots of people use blockchain.info, but we just need to take it's origin notice with a grain of salt.
It's still pretty accurate though isn't it ? say 99% ?

No. Not that accurate. It would be interesting to work out just how accurate it is though.

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November 18, 2013, 10:39:56 AM
 #5138

Lucky fast blocks pouring in. Bitcoin price record high. Good times.

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November 18, 2013, 01:23:41 PM
 #5139

Is it a good idea to turn on auto cash out? I worry i'll get nothing because it subtract the fee of the transaction from my share.

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November 18, 2013, 02:07:44 PM
 #5140

Lousy storms and high winds knocked out the power last night for longer than my battery backup could run things for  Angry

Back in action now though! I just need to get through 10 shifts haha
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