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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 775185 times)
DrHaribo
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July 13, 2014, 03:52:40 PM
 #7001

Yeah, last 1.5 week has been pretty good.

Although some would disagree, as they go by these rules:

We have awesome luck: "things going as expected"
We have good or average luck: "luck is awful right now"
We have bad luck: "this is statistically impossible - something must be wrong"

It's surprising how many people think this way, as I have learned from running Bitminter for over 3 years.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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christhegoth
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July 13, 2014, 04:08:55 PM
 #7002

Yeah, last 1.5 week has been pretty good.

Although some would disagree, as they go by these rules:

We have awesome luck: "things going as expected"
We have good or average luck: "luck is awful right now"
We have bad luck: "this is statistically impossible - something must be wrong"

It's surprising how many people think this way, as I have learned from running Bitminter for over 3 years.



My first foray into bitcoin cost me £500 a will never get back.  Bought a Blade and 6 U1's, and then the prices all went squelch.  Last Christmas.  Even paid too much for my first s1, which is why I am now a total whore for 1 GH/w minimum stuff now.

It's all pretty much worthless tech now ( although the s1 is now pencil-modded so will last a bit longer ), but I did learn a hell of a lot about where I went wrong.  So £500 on training could still come back in with my more modern kit.

s1's are selling for £200 on eBay currently, and are clearly not worth that with a 0.42 GH/w power ratio.  My Coindesk is a nice unit though.  Not complaining there.

There's always a certain level of gamble with any business venture.  Such is life.


So lets prey for many blocks being found and many blocks being easy Wink


As an aside I would love to know how the blocks are prepared.  So that we can find them to process them.  Who makes the block?

It may be random luck on what we find, but even so.  Someone somewhere is getting work in and is being paid for it ( thus creating the Reserve that makes Bitcoin worth real cash ).  I wonder if they think about how they put said work out for us, so as to make sure to not make Miners go bust too soon?  Is there a strategy?

Is there a Minting god?

Who do we worship on the sabbath?

Big questions Wink
judypug1956
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July 14, 2014, 12:54:13 PM
 #7003

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.



Yup, peaks & troughs.

Also BTC has increased in value over the past 3 or so weeks:

http://bitcoincharts.com/charts/coinfloorGBP#rg60ztgTzm1g10zm2g25

£350 a month or so back is now £370.  And it's all looking stable too.  It's not a huge return, but 1 miner running at 700GH for 700w is enough to run a credit card that pays for my IT costs ( repairs, upgrades, etc ).  A small shop.

Drawing a wage you're gonna need a Minerscube 5 at least, but for top-ups to your main job I'd say we're still good.

It's just the last 1.5 weeks that have been crap.  Which means the next 1.5 weeks should be pretty good in theory ( according to the good Dr's graph ).


It was never gonna be big money.  But it's still some money.  Which is better than no money Wink




What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.


My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

they must be a con,  but they take paypal.    so they do look interesting

This is a secondary account .
christhegoth
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July 14, 2014, 02:51:47 PM
 #7004

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.
jfederkins
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July 14, 2014, 03:58:35 PM
 #7005

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.

Not sure if I would throw that much money at a product/company with no real track record. If someone like Bitmain had a 5TH/825W box, I'd be all over it  Grin
Jayjay04
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July 14, 2014, 06:21:44 PM
 #7006

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.

Not sure if I would throw that much money at a product/company with no real track record. If someone like Bitmain had a 5TH/825W box, I'd be all over it  Grin

I would be very carefull too...
Reed carefully the Paypal conditions, because I don't think they offer more that 60 days coverage on non receive product...

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christhegoth
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July 14, 2014, 07:21:47 PM
 #7007

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.

Not sure if I would throw that much money at a product/company with no real track record. If someone like Bitmain had a 5TH/825W box, I'd be all over it  Grin

I would be very carefull too...
Reed carefully the Paypal conditions, because I don't think they offer more that 60 days coverage on non receive product...


Yeah, it's 45 days to get the complaint in:

https://www.paypal.com/webapps/mpp/ua/useragreement-full?country.x=US&locale.x=en_US#13

But... I won't be paying in advance of the shipping date, and will be asking questions about delivery times pre-paying.  Assuming the cash comes in of course.

I'll be wanting that papertrail nice and big so that I can prove I worked in a decent & fair way to Paypal.
HerbPean
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July 14, 2014, 08:49:08 PM
 #7008

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.

Not sure if I would throw that much money at a product/company with no real track record. If someone like Bitmain had a 5TH/825W box, I'd be all over it  Grin

I would be very carefull too...
Reed carefully the Paypal conditions, because I don't think they offer more that 60 days coverage on non receive product...


Yeah, it's 45 days to get the complaint in:

https://www.paypal.com/webapps/mpp/ua/useragreement-full?country.x=US&locale.x=en_US#13

But... I won't be paying in advance of the shipping date, and will be asking questions about delivery times pre-paying.  Assuming the cash comes in of course.

I'll be wanting that papertrail nice and big so that I can prove I worked in a decent & fair way to Paypal.

Looks too good to be true ... smells scam big time. Cheesy
jfederkins
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July 15, 2014, 01:53:39 AM
 #7009

From now on no one say ANYTHING about how much time it took to solve the last block, or how long the current block is taking!

It seems that when we were not discussing the time between blocks, were were solving 2,3 sometimes 4 a day.

I think all of this talk has angered the Bitcoin Gods!!   Wink
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July 15, 2014, 06:26:13 AM
 #7010

From now on no one say ANYTHING about how much time it took to solve the last block, or how long the current block is taking!

It seems that when we were not discussing the time between blocks, were were solving 2,3 sometimes 4 a day.

I think all of this talk has angered the Bitcoin Gods!!   Wink

awwwwwwww yeah  Cry Cry Cry
bitwitt
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July 15, 2014, 06:42:05 AM
 #7011

our luck sucks!!!!! . You can make more money buy turning your miners off.

 
christhegoth
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July 15, 2014, 07:15:39 AM
 #7012

our luck sucks!!!!! . You can make more money buy turning your miners off.

 


It's peaks & troughs.  Good weeks and bad weeks.

The past fortnight has been crap-money, sure.  But that means the next 2 weeks should see a better return.  So that things add up over the month.

DrHaribo has posted graphs showing this cycle if you read up.


Our luck is fine at present.  We're finding more blocks than we solve, and over-all performance is good.  The price of Bitcoin has increased a little to allow for this slow patch as well.
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July 15, 2014, 08:48:44 AM
 #7013

Thanks to TaggedYa for slamming in a second block after just 7 minutes.

CDF 0.8% means:

https://www.youtube.com/watch?v=y6Sxv-sUYtM


 Good one! Listening more often will do good!
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July 15, 2014, 09:02:45 AM
 #7014

Thanks to TaggedYa for slamming in a second block after just 7 minutes.

CDF 0.8% means:

https://www.youtube.com/watch?v=y6Sxv-sUYtM


 Good one! Listening more often will do good!


If we can control the queue for blocks being processed in this Pool then, assuming you get good blocks AND bad blocks ( and not just a pile of bad blocks ), we should be able to look stable in processing stuff ( and, as such, receiving payments ).  Which will help with nervous miners.

It's stable payments that Miners need, so that they can play the game and pay the bills.  If the payment cycle is too choppy then it's nigh on impossible to budget.

And if you can't budget how are you supposed to judge whether to add more cash ( a new s3 for example ), or simply hit the off switch?

So slamming in the odd easy block is certainly welcome.  Let's hope we find a few more Smiley


My kit is a spread of old and new.  1 new ( enough ) miner at 700GH/s for 770w, and an old pencil-modded s1 at 130 GH for 220w.  Between them if I can solve 1 block per day ( get 1 payment per day ) I break even on my leccy and the credit card minimum payments ( at a BTC price of about £360 ).  So in a 30 day month if we solve 30 blocks I break even at current BTC prices and pool size/performance.

That's how I judge things really.  The profit ( paying off said Credit Cards, rather than just making the minimum payment ) is these bonus-blocks.

If we could pull 2 blocks solved a day average I'd be laughing Smiley


No doubt sacrificing a few chickens to the Bitcoin gods will help.  Do we have dancing priestesses to help build up that faith?  Can I hear a hallelujah? Wink
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July 15, 2014, 09:46:20 AM
 #7015

Quote from: xstr8guy

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

Quote from: christhegoth

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand Wink


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

Quote from: xstr8guy

they must be a con,  but they take paypal.    so they do look interesting

I am also concerned that they are too good to be true, but Paypal certainly helps here.

I guess we should watch this space.

Not sure if I would throw that much money at a product/company with no real track record. If someone like Bitmain had a 5TH/825W box, I'd be all over it  Grin

I would be very carefull too...
Reed carefully the Paypal conditions, because I don't think they offer more that 60 days coverage on non receive product...


Yeah, it's 45 days to get the complaint in:

https://www.paypal.com/webapps/mpp/ua/useragreement-full?country.x=US&locale.x=en_US#13

But... I won't be paying in advance of the shipping date, and will be asking questions about delivery times pre-paying.  Assuming the cash comes in of course.

I'll be wanting that papertrail nice and big so that I can prove I worked in a decent & fair way to Paypal.

Looks too good to be true ... smells scam big time. Cheesy


The 20nm chip is here:

https://www.kncminer.com/news/news-78

It boasts a 43% power reduction, as well as more Hash per chip.

The Yukon uses 28 nm and says 2500w for 6TH.  Which is 2.4 GH/w ( which is nice, obviously ).

The Minerscube uses 20nm and boasts 5TH for 825w.  Which is 6.06 GH/w.

The KnC Neptune has 3.3TH for 1950w using the 20nm ( same chip the Minerscube uses ), so pulls 1.69 GH/w:

https://www.kncminer.com/categories/miners

So the Yukon uses an older chip, yet gets a better ratio by nearly a factor of 2 compared to the Neptune.   Due to sharp engineering.


I know from my Coincraft unit that I can change the GH/w ratio from 0.8 to 1.05 by fiddling with the clock speed and also undervolting.  So I have no idea what this Minerscube dude has done but...

It's possible if he's a really sharp engineer using damn nice cooling and a damn nice power-supply.  But... He may also be a VERY sharp scammer.


It might be worth grassing him to Bitmain to see if he's real.  Say that we don't trust this new provider, and could he be vetted by Bitmain.  If the product is real then this could lead to Bitmain absorbing him and us getting more guarantees.
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July 15, 2014, 12:57:00 PM
 #7016

Minersbox (formerly Minerscube) looks like a total scam. Don't give your coins to scammers.

It should not be confused with ASICMiner Cube, which is a real product.

When you are buying mining hardware please remember that most offers are scams. Most mining hardware "companies" are scams. Not a few. Most. The safe route is to buy from companies that have delivered in the past and where the customers have been happy. If you pre-order from a company that has never delivered anything before, then you have to be very careful and do some research. Most of those are scams, remember?

If their WHOIS listing is anonymous ("privacy protect", "whois guard", etc), their website has no contact information, their machines are faster than all competitors, their machines use a fraction of the electricity of competing products, their prices are way too low, their webpage has a paypal logo but they don't actually accept paypal payments (see their FAQ), their emails to potential customers (which you can read elsewhere on bitcointalk) reveal that they don't know which proof-of-work algorithm bitcoin uses, they don't seem to understand what an ASIC is, and they give some crazy stories to explain the other suspicious aspects..... add all this up and you should realize it's a scam. Not just a scam, but a poorly presented scam by an inexperienced con man.

Even if you wanted to get scammed, there are better ASIC scams out there.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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July 15, 2014, 04:36:06 PM
 #7017

Yeah, an other hard block done ! Cheesy
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July 15, 2014, 07:45:20 PM
 #7018

Anyone had one of their miners ( or more ) being kicked today?

It's happened twice today with my coindesk.  The unit is on, but there is no hashing going on.  The ant s1 has been fine.  Not sure what it is, so changed the pool setting to 'load balanced' just in case.
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July 15, 2014, 08:13:08 PM
 #7019

Anyone had one of their miners ( or more ) being kicked today?

It's happened twice today with my coindesk.  The unit is on, but there is no hashing going on.  The ant s1 has been fine.  Not sure what it is, so changed the pool setting to 'load balanced' just in case.

Are those on the same network, same IP address?

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
christhegoth
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July 15, 2014, 08:42:16 PM
 #7020

Anyone had one of their miners ( or more ) being kicked today?

It's happened twice today with my coindesk.  The unit is on, but there is no hashing going on.  The ant s1 has been fine.  Not sure what it is, so changed the pool setting to 'load balanced' just in case.

Are those on the same network, same IP address?

Yup. I have a fixed IP addy for my servers. They are on separate workers though.
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