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

[derekleong75]

Rather newbie question - I've got 2 PCs each running some USB ASICs, and the Bitminter client pointing to the same account. Is there a problem with this set up, I don't seem to be getting the sort of output I'd hoped for?

Perhaps I'm just being impatient. Both machines show 'Approx. mint speed' as 0.04, so that ought to be 0.08 altogether.

Im keen to know this too.

[ArethusaF38]

Where did cloudhashing go ?!
WhitePhantom we need you back in !

Where DID cloudhashing go?  Haven't seen them at Bitminter for a couple of days.  Have they moved to a different pool?  I have contracts with them so am curious as to whether they're actually operational, or not.

[Newar]

Rather newbie question - I've got 2 PCs each running some USB ASICs, and the Bitminter client pointing to the same account. Is there a problem with this set up, I don't seem to be getting the sort of output I'd hoped for?

Perhaps I'm just being impatient. Both machines show 'Approx. mint speed' as 0.04, so that ought to be 0.08 altogether.

Im keen to know this too.

Did you create two workers?

[cloudhasher]

Where did cloudhashing go ?!
WhitePhantom we need you back in !

Where DID cloudhashing go?  Haven't seen them at Bitminter for a couple of days.  Have they moved to a different pool?  I have contracts with them so am curious as to whether they're actually operational, or not.

Hi,

Because of the recent difficulty jump, the variances on Bitminter would be quite large. A lot of our customers (about 80%) are new to bitcoin mining. They would not understand the month to month variances so we had to temporarily switch to the Guild for a while. In September we have 110 terahashes coming on-line. The variance would not affect us with that amount of power.

We are very much still working with bitminter. Right now we have to do what serves our customers until the larger majority of our hashing power comes on-line.

Thanks

Emmanuel

[TheQuin]

Where did cloudhashing go ?!
WhitePhantom we need you back in !

Where DID cloudhashing go?  Haven't seen them at Bitminter for a couple of days.  Have they moved to a different pool?  I have contracts with them so am curious as to whether they're actually operational, or not.

Hi,

Because of the recent difficulty jump, the variances on Bitminter would be quite large. A lot of our customers (about 80%) are new to bitcoin mining. They would not understand the month to month variances so we had to temporarily switch to the Guild for a while. In September we have 110 terahashes coming on-line. The variance would not affect us with that amount of power.

We are very much still working with bitminter. Right now we have to do what serves our customers until the larger majority of our hashing power comes on-line.

Thanks

Emmanuel

Thanks for letting us know. So in September we can give the Guild a run for biggest slice of the pie.

[willphase]

Hi,

Because of the recent difficulty jump, the variances on Bitminter would be quite large. A lot of our customers (about 80%) are new to bitcoin mining. They would not understand the month to month variances so we had to temporarily switch to the Guild for a while. In September we have 110 terahashes coming on-line. The variance would not affect us with that amount of power.

We are very much still working with bitminter. Right now we have to do what serves our customers until the larger majority of our hashing power comes on-line.

Thanks

Emmanuel

if I was a cloudhashing customer, I would be upset that my hashing power was not being used to best purpose - since BitMinter will give, on average, over time, the best return on hash rate as it pays out +2.98% on namecoin (source) with a 1% fee, vs a 3% fee on btcguild - meaning 1.0298 / 0.97 = 6% improvement.

Will

[DrHaribo]

BitMinter in the news: http://www.youtube.com/watch?v=LC3ZHRF_8kQ&t=19m13s

They should have talked to BFL about borrowing a Jalapeno though, instead of CPU + Intel HD 4000 mining.

[eleuthria]

Hi,

Because of the recent difficulty jump, the variances on Bitminter would be quite large. A lot of our customers (about 80%) are new to bitcoin mining. They would not understand the month to month variances so we had to temporarily switch to the Guild for a while. In September we have 110 terahashes coming on-line. The variance would not affect us with that amount of power.

We are very much still working with bitminter. Right now we have to do what serves our customers until the larger majority of our hashing power comes on-line.

Thanks

Emmanuel

if I was a cloudhashing customer, I would be upset that my hashing power was not being used to best purpose - since BitMinter will give, on average, over time, the best return on hash rate as it pays out +2.98% on namecoin (source) with a 1% fee, vs a 3% fee on btcguild - meaning 1.0298 / 0.97 = 6% improvement.

Will

BTC Guild pays namecoins and orphan blocks.  The difference isn't even close to 6%.

[DrHaribo]

BTC Guild pays namecoins and orphan blocks.  The difference isn't even close to 6%.

If someone is looking to be safe from variance by using PPS on BTC Guild that's 7.5% fee + 1.5% transaction fee income lost + 3% namecoin income lost = 12% versus the 2.5% on BitMinter (including donation for paid orphans).

I'm not saying charging so much is wrong. PPS is very dangerous for a pool. 12% is just what you have to pay for insurance against variance.

Is Deepbit still 10% fee on PPS? That's not better, because you have to remember the transaction fees and namecoins. The total then is 14.5% which is considerably more than BTC Guild.

[eleuthria]

BTC Guild pays namecoins and orphan blocks.  The difference isn't even close to 6%.

If someone is looking to be safe from variance by using PPS on BTC Guild that's 7.5% fee + 1.5% transaction fee income lost + 3% namecoin income lost = 12% versus the 2.5% on BitMinter (including donation for paid orphans).

I'm not saying charging so much is wrong. PPS is very dangerous for a pool. 12% is just what you have to pay for insurance against variance.

Is Deepbit still 10% fee on PPS? That's not better, because you have to remember the transaction fees and namecoins. The total then is 14.5% which is considerably more than BTC Guild.

You're comparing BTC Guild's PPS fee/features to your PPLNS fee/features.  That's not a fair comparison when BTC Guild offers PPLNS.  BTC Guild PPLNS pays Orphans, TxFees, and Namecoins at 3%.  By your own statement, that would put the difference at 0.5% (assuming they are donating to get paid orphans).

[DrHaribo]

You're comparing BTC Guild's PPS fee/features to your PPLNS fee/features.  That's not a fair comparison when BTC Guild offers PPLNS.  BTC Guild PPLNS pays Orphans, TxFees, and Namecoins at 3%.  By your own statement, that would put the difference at 0.5% (assuming they are donating to get paid orphans).

Yes, in the PPLNS case it would be 0.5%

From what I understand some ASIC buyers are moving to PPS as security against the difficulty going up so fast, which could be said to increase variance or make the variance last considerably longer. I'm just saying that while it does protect you against bad mining luck, it has a considerable price tag.

I could make the same comparison between PPS and PPLNS mining at BTC Guild: 12% vs 3%.

[willphase]

BTC Guild pays namecoins and orphan blocks.  The difference isn't even close to 6%.

I'd forgotten btcguild pays namecoins.  I stand corrected.  0.5% difference isn't much really.

Will

[Newar]

Hi,

Because of the recent difficulty jump, the variances on Bitminter would be quite large. A lot of our customers (about 80%) are new to bitcoin mining. They would not understand the month to month variances so we had to temporarily switch to the Guild for a while. In September we have 110 terahashes coming on-line. The variance would not affect us with that amount of power.

We are very much still working with bitminter. Right now we have to do what serves our customers until the larger majority of our hashing power comes on-line.

Thanks

Emmanuel

To me, this doesn't make sense. You will not be the only ones bringing fresh hashing power to the table in the next few months. So there is a possibility that the hash power proportionally per pool remains the same, when all the new "big" players come online. What I mean is that the % of hash power per pool might stay the same or similar. In other words if variance worries you, that your customers won't understand this basic part of mining, you always will have to stay with the biggest pool.

By staying with BitMinter you could have tried to make a difference.

I hope you understand what I'm trying to say.

[frankenmint]

You're comparing BTC Guild's PPS fee/features to your PPLNS fee/features.  That's not a fair comparison when BTC Guild offers PPLNS.  BTC Guild PPLNS pays Orphans, TxFees, and Namecoins at 3%.  By your own statement, that would put the difference at 0.5% (assuming they are donating to get paid orphans).

Yes, in the PPLNS case it would be 0.5%

From what I understand some ASIC buyers are moving to PPS as security against the difficulty going up so fast, which could be said to increase variance or make the variance last considerably longer. I'm just saying that while it does protect you against bad mining luck, it has a considerable price tag.

I could make the same comparison between PPS and PPLNS mining at BTC Guild: 12% vs 3%.

Hey doc...I'm having some problems with bitminter...I tried to setup a stratum server using stratum mining proxy (ran it using bitminters connection settings) and it never worked.  So I decided to change everything back and disable it.  Now my mining software states that Im mining from you at 80 MH/s but the site shows zero.  I havent gotten any bitcent in a few days and the payouts from bitminter seem to indicate that almost zero hashrate is comming back to you guys.


Im unable to use your java client because it fails to detect my fpgas correctly.  I've had to resort to using MPBM with your connection setings.  as of now I'm getting 103 MH/S but I should be able to easily pull a good 500 from you with the current load on my hardware.  Do you know why it would act lower than it should?  I used your pool exclusively but now I'm going to have to look at rollovers to ensure my hashing power is utilized.

Just seeking out any ideas.  I've done a software reset within my mining software but I will physically restart my computer which is hosting the software...do you have any advice or suggestions. 

[Turbor]

Hey doc...I'm having some problems with bitminter...I tried to setup a stratum server using stratum mining proxy (ran it using bitminters connection settings) and it never worked.  So I decided to change everything back and disable it.  Now my mining software states that Im mining from you at 80 MH/s but the site shows zero.  I havent gotten any bitcent in a few days and the payouts from bitminter seem to indicate that almost zero hashrate is comming back to you guys.


Im unable to use your java client because it fails to detect my fpgas correctly.  I've had to resort to using MPBM with your connection setings.  as of now I'm getting 103 MH/S but I should be able to easily pull a good 500 from you with the current load on my hardware.  Do you know why it would act lower than it should?  I used your pool exclusively but now I'm going to have to look at rollovers to ensure my hashing power is utilized.

Just seeking out any ideas.  I've done a software reset within my mining software but I will physically restart my computer which is hosting the software...do you have any advice or suggestions. 

What's the problem with the stratum proxy ? Run it with "mining_proxy.exe -o eu1.bitminter.com -sp 3333 -gp 8332" then you just have to point the fpgas to http://127.0.0.1:8332 and all should be fine. You can use MPBM, cgminer or BTCMiner from Ztex if you use his boards.

[DrHaribo]

Hey doc...I'm having some problems with bitminter...I tried to setup a stratum server using stratum mining proxy (ran it using bitminters connection settings) and it never worked.  So I decided to change everything back and disable it.  Now my mining software states that Im mining from you at 80 MH/s but the site shows zero.  I havent gotten any bitcent in a few days and the payouts from bitminter seem to indicate that almost zero hashrate is comming back to you guys.


Im unable to use your java client because it fails to detect my fpgas correctly.  I've had to resort to using MPBM with your connection setings.  as of now I'm getting 103 MH/S but I should be able to easily pull a good 500 from you with the current load on my hardware.  Do you know why it would act lower than it should?  I used your pool exclusively but now I'm going to have to look at rollovers to ensure my hashing power is utilized.

Just seeking out any ideas.  I've done a software reset within my mining software but I will physically restart my computer which is hosting the software...do you have any advice or suggestions. 

80-100 MH/s is around the hashrate that the server doesn't reliably estimate. When you are mining that slow, the server sometimes thinks you stopped mining and shows zero hashrate.

Many in the pool are using the stratum mining proxy. I guess it is most likely a problem with the options you are using. Try what Turbor said. If it fails, how does it fail? Do you see any errors? The most common problem when users have been unable to get the proxy working has been wrong user name, worker name or password.

The BitMinter client doesn't support the ZTEX FPGAs. Are they all running slowly all the time? Or is one not working? Or perhaps the hashrate of all of them is fluctuating up and down?

[Nemo1024]

Code:

252812 	2013-08-18 10:11 	0m 	167,109 	50,810,339 	0.3% 	17,088.755 	BTC 	Sailermin 	96 left

This is more like it. 

[Epoch]

Code:

252812 	2013-08-18 10:11 	0m 	167,109 	50,810,339 	0.3% 	17,088.755 	BTC 	Sailermin 	96 left

This is more like it. 

That was a 68-million difficulty share that found that block. Just squeaked in under the line. We could use a few more of those to make up for the recent drought ...

[Toby]

But now the pool is down!

[GoMaD]

My miner is up.

I think it is just the Website!?