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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 834529 times)
DrHaribo
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January 03, 2014, 12:45:47 AM
 #5521

I just don't get why I have only received one payment today, and only 3 yesterday. I haven't changed anything on my end. My wallet is at par with the transactions from your site. Sorry if I was acting like I jerk but my monkey mind was freaking out. Wink

This is because of variance. On some lucky days we pay much better than average and on some unlucky days we pay much less than average.

More info on payouts: https://bitcointalk.org/index.php?topic=27062.msg2769824#msg2769824

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machinationus
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January 03, 2014, 12:46:49 AM
 #5522

join GHash or BTC? they got >50%
only kidding,
have you tried aspirin?

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January 03, 2014, 12:48:30 AM
 #5523

DrHaribo

I gave you an out!  you can just blame it all on me!   Tongue

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atminer
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January 03, 2014, 12:52:44 AM
 #5524

So was block 278333 ours or not?  It shows up on blockchain.info but isn't on the Bitminter list.
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January 03, 2014, 12:55:56 AM
 #5525

I think it might be wise drharibo to post what you actually updated in your latest software update mentioned in post #5475. Now I know the answer is right above it. But as our bad luck has coincided with that, I think that is where people are getting the silly idea you changed how we mine or something.
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January 03, 2014, 12:59:19 AM
 #5526

I gave you an out!  you can just blame it all on me!   Tongue

Well, thank you. Smiley

So was block 278333 ours or not?  It shows up on blockchain.info but isn't on the Bitminter list.

No. blockchain.info just says it was relayed by Bitminter. That means the block was propagated through one of our bitcoin peer-to-peer nodes (and all the other bitcoin nodes in the network). It doesn't actually mean anything.

Unfortunately http://blockorigin.pfoe.be/blocklist.php (which actually attempts to see who created the blocks) doesn't appear to have the latest blocks right now.

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DrHaribo
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January 03, 2014, 01:00:37 AM
 #5527

I think it might be wise drharibo to post what you actually updated in your latest software update mentioned in post #5475. Now I know the answer is right above it. But as our bad luck has coincided with that, I think that is where people are getting the silly idea you changed how we mine or something.

Where is post 5475?

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MoreBloodWine
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January 03, 2014, 01:11:02 AM
 #5528

I think it might be wise drharibo to post what you actually updated in your latest software update mentioned in post #5475. Now I know the answer is right above it. But as our bad luck has coincided with that, I think that is where people are getting the silly idea you changed how we mine or something.

Where is post 5475?

https://bitcointalk.org/index.php?topic=27062.msg4195720#msg4195720

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SgtMoth
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January 03, 2014, 01:19:18 AM
 #5529

I think it might be wise drharibo to post what you actually updated in your latest software update mentioned in post #5475. Now I know the answer is right above it. But as our bad luck has coincided with that, I think that is where people are getting the silly idea you changed how we mine or something.

lol, this is too funny...nobodys holding a gun to your head to mine here.  Dont you think its odd that nobody out of the top 50 is complaining?  When i started mining here, 7 days to find a block was the norm.
DrHaribo
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January 03, 2014, 01:27:22 AM
 #5530

Status update:  Switching back to main mining server. Live hashrate display on our website may be wrong during the transition.

I think it might be wise drharibo to post what you actually updated in your latest software update mentioned in post #5475. Now I know the answer is right above it. But as our bad luck has coincided with that, I think that is where people are getting the silly idea you changed how we mine or something.

Nothing was changed with the way we mine. This question comes up every time we some bad luck, there's always someone asking if it is something wrong. But out of 100 blocks on average one of them will have 99%+ CDF. Bad luck will happen sometimes. Same thing I've been saying for 2.5 years: the mining server is very careful to check all incoming work for whether it can create a block, and this is logged.

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cyberspaced
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January 03, 2014, 01:38:13 AM
 #5531

My miners are hashing but the site shows 0 and total is 28,19 Thps... Will our work be lost or?

Since I can only post once every hour I post my thanks here! Thanks for your quick reply Dr.!!!
DrHaribo
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January 03, 2014, 01:41:47 AM
 #5532

My miners are hashing but the site shows 0 and total is 28,19 Thps... Will our work be lost or?

No work is lost. But live hashrates are only reported from one server. It will look wrong as we are transitioning from backup to main server. Should look normal again soon.

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January 03, 2014, 01:48:23 AM
 #5533

Thank you Doc.... I am betting you don't get to sleep much any more...
Walter Rothbard
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January 03, 2014, 02:15:34 AM
 #5534

some of our effort will be lost now.

Not all lottery tickets are winners.  Every share you submit is like a lottery ticket.  It's as simple as that.

We pooled our resources, bought several million lottery tickets, and none of them were winners.  Our effort was lost.  Bummer!  But, on average, we'll keep winning a certain percentage of the time, so I'm going to keep buying tickets.


No kidding? I don't want to win with every ticket. I'm not saying that.

"PPLNS - Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. "

PPLNS - is protecting miners from "lottery ticket" effect. Because in the long run probability to "win" is as high as your hash-rate is compared to networks.

All i want to say is it would be better to hold loyal miners and value their effort.

The reward has to come out of blocks actually found.

Quote
In the long run it wont matter for the stable miners,

Exactly!

Quote
and there would be less pool hoppers if they know that their effort wont get lost.

But effort will always be lost when blocks are not found and there is no way to change that.

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January 03, 2014, 04:59:41 AM
 #5535

On the stats page https://bitminter.com/livestats/big the Latest Blocks section only lists the time the block was made, not the date. That probably made perfect sense when difficulty was lower but we had a 20 hour block yesterday. That combined with a few other longer blocks makes the time stamp on that frame meaningless as we don't know which day each block was made. If I look at Latest Blocks now the ten blocks listed span a period of around four days.

Is there room to add the date as well as the time to the clickable link portion (under the Time column) of the Latest Blocks frame?

babaji.ca
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January 03, 2014, 05:56:05 AM
 #5536

Hi,

Trying to wrap my head around the way this payment system works.  Do I have to mine here 'steady'  and constantly to get rewarded or can I use this as a backup to my regular pool?

For example if Eligius goes down and it failsover into this pool, and I work here lets say for about 1.5 shifts. Will I we rewarded fully for the time I spend hashing here or does not sticking around somehow penalize me or lower the payout for the time I do spend here.

Thanks
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January 03, 2014, 06:02:45 AM
 #5537

Hi,

Trying to wrap my head around the way this payment system works.  Do I have to mine here 'steady'  and constantly to get rewarded or can I use this as a backup to my regular pool?

For example if Eligius goes down and it failsover into this pool, and I work here lets say for about 1.5 shifts. Will I we rewarded fully for the time I spend hashing here or does not sticking around somehow penalize me or lower the payout for the time I do spend here.

Thanks
BitMinter rewards you fairly for your share contribution. So whether you mine 'steady', or only occasionally, makes no difference. Your expected payout here is exactly what you would expect for the time spent here. There is no penalty (or benefit) in mining steadily, or mining occasionally, here. In other words, it is fair as you would expect.

Because of the PPLNS share system, you will need to wait about 10 shifts after you STOP mining for all of your earnings to fully accumulate. Then, of course, another 120 blocks or so before your final payment becomes confirmed just like with most pools (unless you use the pre-pay perk).

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babaji.ca
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January 03, 2014, 06:20:55 AM
 #5538

Hi,

Trying to wrap my head around the way this payment system works.  Do I have to mine here 'steady'  and constantly to get rewarded or can I use this as a backup to my regular pool?

For example if Eligius goes down and it failsover into this pool, and I work here lets say for about 1.5 shifts. Will I we rewarded fully for the time I spend hashing here or does not sticking around somehow penalize me or lower the payout for the time I do spend here.

Thanks
BitMinter rewards you fairly for your share contribution. So whether you mine 'steady', or only occasionally, makes no difference. Your expected payout here is exactly what you would expect for the time spent here. There is no penalty (or benefit) in mining steadily, or mining occasionally, here. In other words, it is fair as you would expect.

Because of the PPLNS share system, you will need to wait about 10 shifts after you STOP mining for all of your earnings to fully accumulate. Then, of course, another 120 blocks or so before your final payment becomes confirmed just like with most pools (unless you use the pre-pay perk).

Very well said, you understood and answered my question fully, thanks!
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January 03, 2014, 06:22:23 AM
 #5539

Some issues with the pool today?  Keeps going offline for me?
babaji.ca
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January 03, 2014, 06:27:45 AM
 #5540

One more question, am I correct to assume that the 'shift method' is superior to the PPLNS,N=24h: of triplemining.  If I do some work there, but then leave without them solving a block in the next 24 hours after my departure, I get nothing essentially for the time i did work, as I was not there working in the 24hrs prior to the block being sloved.
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