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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 836755 times)
DrHaribo
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December 13, 2011, 06:57:16 PM
 #621

We are back up again Smiley

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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P4man
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December 16, 2011, 06:53:21 PM
 #622

And you also finally re-enabled the block finding cheat Smiley

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December 16, 2011, 08:17:49 PM
 #623

And you also finally re-enabled the block finding cheat Smiley

Yeah, the cheat is a bit flaky. Kinda like this car (il tempo gigante) http://www.youtube.com/watch?v=d5ShwTIhGyw

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December 24, 2011, 03:37:48 PM
 #624


DrHaribo
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December 26, 2011, 12:18:15 AM
 #625

Welcome back, Turbor and the others who returned Smiley

Quick update on the website:
  • You can now add multiple OpenID identities to your bitminter account, go to My Account->Logins in the menus
  • Account balances again shown at the top of the transactions list. This had accidentally disappeared after the changes to how balances are shown on the "account details" page
  • Fixed block and shift timestamps on the full-page livestats page to be UTC timezone like all other timestamps on the website
  • Fixed full-page livestats sometimes playing the "new block" sound when there was no new block

In other news, v1.1.0 of the BitMinter miner is out: https://bitcointalk.org/index.php?topic=31163.msg662061#msg662061
And also, today we have 1500 members Smiley

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December 29, 2011, 03:52:16 PM
 #626

During my first BitMinter session, about 12 hours in:

https://bitminter.com/members/workers:
21,021 accepted, 56 rejected

cgminer status line:
21,218 accepted, 18 rejected

Any thoughts on the big difference in rejected count?

Also... what does "CDF" stand for on the BitMinter live stats page?

Thanks...
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December 29, 2011, 04:56:26 PM
 #627

Also... what does "CDF" stand for on the BitMinter live stats page?
If you mouse over "CDF" it gives an explanation. See also: http://en.wikipedia.org/wiki/Cumulative_distribution_function

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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December 29, 2011, 05:45:51 PM
 #628

Also... what does "CDF" stand for on the BitMinter live stats page?
If you mouse over "CDF" it gives an explanation. See also: http://en.wikipedia.org/wiki/Cumulative_distribution_function

Thanks.  I noticed the dotted underlines and tried to get the hover tips before posting my previous but I guess I didn't  hover long enough.

Now I notice that the hover-tip definition of Difficulty must be incorrect:

Difficulty: "The chance that a proof of work will create a block is 1 divided by the difficulty. ..."

Accepted: "Proofs of work that would create a block at difficulty 1. Most will not actually create a block but serve as a measure of the amount of work done by each user."

Going by that, 100% of proofs of work would create a block at difficulty 1.

Alas, en.bitcoin.it is currently down and I don't know where else to look for a definition of difficulty.
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December 30, 2011, 09:33:39 AM
 #629

https://bitminter.com/members/workers:
21,021 accepted, 56 rejected

cgminer status line:
21,218 accepted, 18 rejected

The server is telling the miner that the share is rejected only if it is rejected on both chains (bitcoin and namecoin). I agree this is confusing. Better to report accept/reject to miner based on the bitcoin chain only, perhaps?

Difficulty: "The chance that a proof of work will create a block is 1 divided by the difficulty. ..."

Accepted: "Proofs of work that would create a block at difficulty 1. Most will not actually create a block but serve as a measure of the amount of work done by each user."

Going by that, 100% of proofs of work would create a block at difficulty 1.

Yes, if the bitcoin difficulty was 1 then every proof of work you send to the pool (that is not stale/rejected) would create a new block. The bitcoin difficulty is much higher than 1, though.

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December 30, 2011, 06:16:08 PM
 #630

Hi,
Can anyone tell me why my expected payout per block is really low on my account at about 5?

A block hasn't been found in 2 days now and I'm consistently contributing about 10% of the hashing power of the pool.

Thanks.

1BFf3Whvj118A5akc5fHhfLLwxYduMmq1d
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December 30, 2011, 06:23:46 PM
Last edit: December 30, 2011, 06:35:52 PM by P4man
 #631

Hi,
Can anyone tell me why my expected payout per block is really low on my account at about 5?

A block hasn't been found in 2 days now and I'm consistently contributing about 10% of the hashing power of the pool.

Thanks.

10% of the hashing power would result in 10% of the block reward, being around 5?
edit: and yes, we are having an unlucky block again. On a good day we should find 2 or 3.

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December 30, 2011, 06:31:22 PM
 #632

Hey mackminer, nice to see some bigger miners at bitminter. DrHaribo should know best about payout. When i was mining at EMC we often had 4000000+ share blocks. Since we are that small, it takes a while to mine down such a block.

Edit: here is the payout for the last block https://bitminter.com/block/btc/159569 looks ok to me ?!

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December 30, 2011, 09:58:58 PM
Last edit: December 30, 2011, 10:36:58 PM by DeathAndTaxes
 #633

Hey mackminer, nice to see some bigger miners at bitminter. DrHaribo should know best about payout. When i was mining at EMC we often had 4000000+ share blocks. Since we are that small, it takes a while to mine down such a block.

Edit: here is the payout for the last block https://bitminter.com/block/btc/159569 looks ok to me ?!

"Successful minting by: DeathAndTaxes"  BOOYAH

As far as the payout.  Remember PPLNS is subject to "luck variance".  If you contribute 10% of hashing power then you get 10% of the rewards.  If that ends up being 3 blocks in one day that is 50*3*10% = 15 BTC per day.  If that ends up being one block in 3 days 50/3*10% = 1.67 BTC

Those are pretty much the two extremes I have seen.  In the long run you will earn 10% of what the pool earns and that works out to ~1 BTC per GH per day (at current difficulty).
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December 30, 2011, 10:36:03 PM
 #634

Thanks for clarifying this.

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January 01, 2012, 01:46:33 PM
 #635

Happy new year everyone. Looks like we had a good start. Found my first block... finally  Smiley

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January 01, 2012, 03:16:57 PM
 #636

Yes, very lucky start on the new year. Let's hope it continues this way.

Happy new year! And congrats on your first bitcoin block, Turbor! Smiley

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January 01, 2012, 03:22:48 PM
 #637

3 blocks in little over a day.  I am liking that.   However I no longer makeup 20% of the pool.  Good the pool is growing but I liked pulling down a solid 10 BTC per block.
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January 01, 2012, 04:35:06 PM
 #638

3 blocks in little over a day. 

Look again. ITs 4 blocks in 24 hours now. Actually in less than 12 hours. Gotta be a record.

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January 01, 2012, 05:58:27 PM
 #639

Grin

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January 01, 2012, 07:44:38 PM
Last edit: January 01, 2012, 09:08:45 PM by P4man
 #640

Indeed lol. Just a day after I rented half my hashing power to some  startup pool. Still nice Smiley

edit: and there is number 6

306    35955    2012-01-01 20:43    0h 04m    4,110    409,454    1.0%    71.757    NMC    DeathAndTaxes    119 left
305    160164    2012-01-01 20:39    2h 58m    184,723    1,159,929    14.7%    74.189    BTC    Kraken    118 left
304    35953    2012-01-01 20:39    2h 58m    183,009    409,454    36.0%    73.515    NMC    Kraken    117 left
303    160146    2012-01-01 17:40    2h 02m    128,879    1,159,929    10.5%    75.259    BTC    bitcoinpappi    100 left
302    35933    2012-01-01 17:40    2h 02m    127,437    409,454    26.7%    74.437    NMC    bitcoinpappi    97 left
301    160138    2012-01-01 15:38    6h 41m    426,239    1,159,929    30.8%    76.012    BTC    bitcoinpappi    92 left
300    35920    2012-01-01 15:38    0h 58m    62,494    409,454    14.2%    75.843    NMC    bitcoinpappi    84 left
299    35912    2012-01-01 14:39    5h 42m    359,039    409,454    58.4%    75.072    NMC    ibehnk    76 left
298    160090    2012-01-01 08:56    3h 26m    221,858    1,159,929    17.4%    76.938    BTC    Turbor    44 left
297    35873    2012-01-01 08:56    3h 26m    219,601    409,454    41.5%    76.173    NMC    Turbor    37 left
296    160065    2012-01-01 05:30    0h 46m    51,034    1,159,929    4.3%    78.817    BTC    mmariotti    19 left
295    35846    2012-01-01 05:30    0h 46m    50,487    409,454    11.6%    78.056    NMC    mmariotti    10 left
294    160060    2012-01-01 04:43    23h 41m    1,550,221    1,159,929    73.7%    78.039    BTC    pageus    14 left
293    35841    2012-01-01 04:43    1h 44m    113,787    409,454    24.3%    77.758    NMC    pageus    5 left
292    35829    2012-01-01 02:59    21h 57m    1,420,942    409,454    96.9%    77.226    NMC    ibehnk    confirmed

I could get used to this!

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