[1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]

[porkhang]

Of course when I come back to mine this pool, I get 3 days of no blocks.

[amirhamdani]

http://i1242.photobucket.com/albums/gg522/squall1066/1_zps55979146.jpg

Almost 3 Days !!! 

[DrHaribo]

Some of Bitminter's backend systems are being rewritten. New live hashrates are now live. This is mostly meant to support future upgrades and users shouldn't notice much.

Hashrates below 1 GH/s won't show anymore. Mining at slower hashrates still work, you just won't see a live hashrate. The number of active users and workers shown in the live stats will also be lower as a result of this. Those below 1 GH/s are not counted.

Live hashrates should be a little more accurate.

API data returning MH/s speeds will always end in 000 (whole GH/s).

The live stats pages no longer show any decimal part on GH/s hashrates.

If you notice anything else, something not looking right, let me know.

[janonathon]

so what do you all do with your old usb miners, (the obsolete ones)?
or dont they become obsolete>?

Believe it or not, I still have mine mining away on BitMinter!  They add around 9-10 gh/s to my total (~400 Gh/s) which is made up of a mishmash of equipment, including two S1's.  They were my first ASIC miners and got me started. 

Perhaps, one day, there will be some useful alt-coin using sha265 that I could point these to.

I just got one of those 20 port USB hubs, which works great btw. Actually has been reducing errors on all my ants and allowing some to OC further. So with my older smaller hubs I got to plug in all my old Block erupters just to add a few more GH/s to my wimpy 110GH/s total. This 3 day block is killing me since i have to wait for 6 blocks to give me a bitcent payout. But every H/s counts with me so even when an ant is starting to go bad i switch it over to BFGminer on a different computer and get it to run whatever it will. As wonderful as the bitminter program is, it just won't let a miner die slowly without constantly restarting it and throwing error codes at me. I had one antminer get down to .07GH/s and it was completely cool to the touch, but it died a day later. All the old 333MH/s miners are still running fine though.

PS- SOMEONE BREAK THIS BLOCK! At this rate I wouldn't be surprised if my name popped up when it gets cracked.

[oskuro]

Almost 3 Days !!! 

3 days 

[Ososober]

im only curretnyl running around 4.5 ghs, so slowly building,
anyone got any old/unwanted/unsued usb miner, ill gladly take them

 

[mrblonde]

http://i1242.photobucket.com/albums/gg522/squall1066/1_zps55979146.jpg

Almost 3 Days !!! 

3 days 

Yippy 3 days and almost 3 hours....and it wasn't me or you for that matter, although i haven't found a block for 18 months, which is even less help 

[bitwitt]

Wa whoooooooooooooooooooooo.

We found a block.

I hope that dose not happen again!
 

[DevonMiner]

Wa whoooooooooooooooooooooo.

We found a block.

I hope that dose not happen again!
 

It will happen again, but hopefully not soon ... The world of unpredictable BTC mining ... but things DO average out over time. Being patient is the trick  

[squall1066]

[rockby11]

I was just calling it doomsday as a joke. The reward halving from 50 to 25 BTC went just fine.

Reward halving is one of the best features of bitcoin, not a flaw at all.

Most alt coins are completely and utterly useless. Be careful.

Would be interesting knowing why and which coins you are referring to!

[rockby11]

BTW did we have any downtime over the last few days?

[janonathon]

I was just calling it doomsday as a joke. The reward halving from 50 to 25 BTC went just fine.

Reward halving is one of the best features of bitcoin, not a flaw at all.

Most alt coins are completely and utterly useless. Be careful.

Would be interesting knowing why and which coins you are referring to!

I won't speak for the good Doc. But i use this site Vircurex to store my namecoins that come from Bitminter. https://vircurex.com/welcome/index?locale=en  The highest valued altcoin on their radar is the litecoin (lightcoin?) and it's only just over a bit penny per litecoin. It seems to me altcoins made an appearance and were just used to obtain BTC. New ones come and go without ever appearing on the list and they discontinue trading of other alt coins all the time because they just get TOO worthless.

Now I  ONLY mine Bitcoins so i don't know how quickly you can come across altcoins even with high powered rigs. But it just seems it's most worthwhile to mine BTC directly. I'm sure there are tons of opposing opinions and I would love to hear a few. Could always use an excuse to check out a different miner like a Gridseed or DualMiner or otherwise if I'm convinced there's any reason to invest in an altcoin miner.

But all that merchandise and followers of the dogecoin are apparently now trading them in for BTC at 0.00000029BTC per 1 Dogecoin. That doesn't sound profitable no matter how you look at it. In fact name coins, which we get for free just for mining BTC are worth, what is that, 10000 times more than a dogecoin is now? YEESH. Miner beware. If i'm missing something though please inform me, I always love to learn more about virtual currency and I'm just a SMALL time miner. JUST enough to not pay for humble bundles and the occasional electronic toy from certain stores that will accept Bitcoins for payment.

Anyway, that's just my two (bit) cents on the topic of alt coins. Hopefully someone can tell me they mine at 100's of times the rate of BTC and the equipment is such and such cheaper to get started, etc. Any way to make a little more out of a little less.

[Newar]

BTW did we have any downtime over the last few days?

It looked like it to me too.

On the ninth around 12 (UTC I think).

[bcm2013]

I was just calling it doomsday as a joke. The reward halving from 50 to 25 BTC went just fine.

Reward halving is one of the best features of bitcoin, not a flaw at all.

Most alt coins are completely and utterly useless. Be careful.

Would be interesting knowing why and which coins you are referring to!

I won't speak for the good Doc. But i use this site Vircurex to store my namecoins that come from Bitminter. https://vircurex.com/welcome/index?locale=en  The highest valued altcoin on their radar is the litecoin (lightcoin?) and it's only just over a bit penny per litecoin. It seems to me altcoins made an appearance and were just used to obtain BTC. New ones come and go without ever appearing on the list and they discontinue trading of other alt coins all the time because they just get TOO worthless.

Now I  ONLY mine Bitcoins so i don't know how quickly you can come across altcoins even with high powered rigs. But it just seems it's most worthwhile to mine BTC directly. I'm sure there are tons of opposing opinions and I would love to hear a few. Could always use an excuse to check out a different miner like a Gridseed or DualMiner or otherwise if I'm convinced there's any reason to invest in an altcoin miner.

But all that merchandise and followers of the dogecoin are apparently now trading them in for BTC at 0.00000029BTC per 1 Dogecoin. That doesn't sound profitable no matter how you look at it. In fact name coins, which we get for free just for mining BTC are worth, what is that, 10000 times more than a dogecoin is now? YEESH. Miner beware. If i'm missing something though please inform me, I always love to learn more about virtual currency and I'm just a SMALL time miner. JUST enough to not pay for humble bundles and the occasional electronic toy from certain stores that will accept Bitcoins for payment.

Anyway, that's just my two (bit) cents on the topic of alt coins. Hopefully someone can tell me they mine at 100's of times the rate of BTC and the equipment is such and such cheaper to get started, etc. Any way to make a little more out of a little less.

In addition to mining Bitcoin on BitMinter, I am mining LiteCoin with a Zeus Thunder X3 and bringing in just over 1 LiteCoin per day. At ~30Mhs (which is quite good for LiteCoin) that puts me in the top 35 or so on the pool that I'm on there. I agree about all these different altcoins out there -- to me, just not worth the trouble & electricity).  My pool does support merged mining of Pesetacoin and Umbrella LTC.  Pesetacoin is a new Spanish alt... Not worth, but a few fractions of a US cent... But as it is merged mining it is no big deal.   I think they will also include Dogecoin merged mining as well when it is available ( as you may know, there is an effort to boost Dogecoin prices by enabling merged mining with LiteCoin). 

But, for me -- I am there to simply diversify my mining a bit with LiteCoin.  The rest is gravy.  My goal is to ultimately convert the Litecoin to Bitcoin. 

[christhegoth]

I was just calling it doomsday as a joke. The reward halving from 50 to 25 BTC went just fine.

Reward halving is one of the best features of bitcoin, not a flaw at all.

Most alt coins are completely and utterly useless. Be careful.

Would be interesting knowing why and which coins you are referring to!

I won't speak for the good Doc. But i use this site Vircurex to store my namecoins that come from Bitminter. https://vircurex.com/welcome/index?locale=en  The highest valued altcoin on their radar is the litecoin (lightcoin?) and it's only just over a bit penny per litecoin. It seems to me altcoins made an appearance and were just used to obtain BTC. New ones come and go without ever appearing on the list and they discontinue trading of other alt coins all the time because they just get TOO worthless.

Now I  ONLY mine Bitcoins so i don't know how quickly you can come across altcoins even with high powered rigs. But it just seems it's most worthwhile to mine BTC directly. I'm sure there are tons of opposing opinions and I would love to hear a few. Could always use an excuse to check out a different miner like a Gridseed or DualMiner or otherwise if I'm convinced there's any reason to invest in an altcoin miner.

But all that merchandise and followers of the dogecoin are apparently now trading them in for BTC at 0.00000029BTC per 1 Dogecoin. That doesn't sound profitable no matter how you look at it. In fact name coins, which we get for free just for mining BTC are worth, what is that, 10000 times more than a dogecoin is now? YEESH. Miner beware. If i'm missing something though please inform me, I always love to learn more about virtual currency and I'm just a SMALL time miner. JUST enough to not pay for humble bundles and the occasional electronic toy from certain stores that will accept Bitcoins for payment.

Anyway, that's just my two (bit) cents on the topic of alt coins. Hopefully someone can tell me they mine at 100's of times the rate of BTC and the equipment is such and such cheaper to get started, etc. Any way to make a little more out of a little less.

Maza-Coin & Deutsche eMark are SHA-256. Both are fairly low value though.

Asic-Coin is now falling away. BTC is still the king of the SHA-256's.

[christhegoth]

Separate topic.... can anyone provide some advice for setting up a mining business in the US?  Since I'm paying all of this money in electricity and equipment it would make sense to form a business and claim the power costs and hardware purchases as business expenses.  My setup isn't huge - only 1.5 TH/s once my new S3's arrive - so we're not talking a ton of money.  Any advice of thoughts would be much appreciated.

I do this in The UK with about 1.5 TH/s to play with.

I mine across 4 pools for 2 reasons:

1) Regular income. Just in case 1 pool gets a bad block & grinds to a halt.
2) Sheer curiosity. An obsession with luck.

So far it's working.

I have a personal Bank Account with 2 Personal Credit Cards tied to it I have all marked off as 'business' ( I have like 6 Bank Accounts total so this isn't a biggy ).

Each pool pays into a separate wallet, & I sell what I've made every 2 weeks.

It pays the electricity & the credit cards ( including paying off debt & the odd IT repair cost ).

It's not big money, but better than a kick in the testicules.

I run:

Some sticks & an avalon3 for making some personal BTC ( that is not sold ).

A pencil-modded s1, a Coincraft Desk, and an Antminer s3, for 'business BTC' ( which I then sell ).


The golden rule is simply to not go over £1000 in debt. If you stay small any 'crash' won't wipe you out.

*shrugs* Works for me.

[DrHaribo]

BTW did we have any downtime over the last few days?

It looked like it to me too.

On the ninth around 12 (UTC I think).

No poolwide issue on the 9th. Perhaps an issue on the internet between you and the server at that time.

On the 5th we had a few seconds of network instability at the server site. This causes some miners to get disconnected from the pool. It looked like all/most reconnected quickly though.

Were you not able to reach the mining server for an extended period of time?

If your client crashes when it gets disconnected, try upgrading it to the latest version. If that doesn't help, ask the people who made it if they can fix it. Unfortunately the internet will never guarantee that a TCP connection won't break at some point, requiring you to reconnect. Client software needs to deal with this, same as server software.

[christhegoth]

Wa whoooooooooooooooooooooo.

We found a block.

I hope that dose not happen again!
 

It will happen again, but hopefully not soon ... The world of unpredictable BTC mining ... but things DO average out over time. Being patient is the trick  

Yup, much as the great luck debate is still out it does average over the month.  Jumping from pool to pool from week to week solves nothing.  But, Bitminter goes up and down like the metaphorical yo-yo

If it's proving difficult on you you might want to consider mining across 2 or 3 pools.

It's better Bitminter keep 50% or 33% of your hash then not get any of it ( due to you wanting out ), and if you have bills to pay Bitminter can be a bit of a wild ride.

However...

Even though I spread my mining across 4 pools ( to get a more stable income ) for my business stuff, my personal mining toys stay with Bitminter.  That should tell you a tale if I choose to keep my personal stash here

[DrHaribo]

much as the great luck debate is still out

There is no luck debate, just like there is no debate on what 1+1 equals.

If you want to know how it works, they teach this in universities. Coursera.org has a free course on probability right now (https://www.coursera.org/course/prob). Unfortunately (if you don't speak it) it's in Chinese. Maybe some of their courses in english also cover probability. They have free courses from top notch universities around the world. I highly recommend trying them out.

There are a few miners who need to sell their bitcoins every month to pay bills. An unlucky low payout could mean having the electricity shut off or even becoming homeless. I've always recommended those people to mine in a PPS pool rather than Bitminter. In this case you just have to pay the high PPS fees to secure steady payouts, because a low payout is unacceptable, even if a high payout comes next (at which time, for them, it's already too late). Unfortunately a lot of things work this way, when you have little money things are expensive, if you had more money things would be cheaper.