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

[DrHaribo]

Not sure what that was. Miners unable to connect for a few minutes. Could have been a short network outage. Everything was working before I could look at it.

Apologies for that.

[fungal]

Not looking good here either... I get

Communication error, HTTP status code 500

When I use the bitminter client 1.4.3

and if any one wants to donate to me...


1FnzhELFFT5BEbEpQsKyA6dRTPUuZa2EZE

[DrHaribo]

Not looking good here either... I get

Communication error, HTTP status code 500

Still? Or working now?

[Korxax]

Back up, thanks!


Korxax


1NtV1q29FtRAYAkMJHMYbASZLiLur2FQe

[DrHaribo]

Reason for the bumpy ride we had:

It was a network issue that caused the majority of users to be unable to connect for a few minutes. Looks like we were down to 100 TH/s or so and the website was included in that so live stats went down as well. As data center engineers routed around the problem we came back to normal.

[Korxax]

Now if we can just get more fast blocks!  I increased my mining power by more than 6 times just in time for this string of long blocks...  I really need to get some red underwear.


Korxax


1NtV1q29FtRAYAkMJHMYbASZLiLur2FQe

[fungal]

Not looking good here either... I get

Communication error, HTTP status code 500

Still? Or working now?

Sorry for the delay, yes, working again. I was preoccupied with work....

[cenicsoft]

Reason for the bumpy ride we had:

It was a network issue that caused the majority of users to be unable to connect for a few minutes. Looks like we were down to 100 TH/s or so and the website was included in that so live stats went down as well. As data center engineers routed around the problem we came back to normal.

Hey Doc, when all/most miners get disconnected, the hash rate drops, and our shift is affected.  Wouldn't everyone's shift get affected equally with the estimated earnings per block remaining about the same?  It seems that when connectivity fails, and you have a poor work shift in the middle, it affects your overall earnings disproportionately to what the effective hash rate of everyone was during that particular shift.

For example, you have 10 shifts, with one about 50% hash rate as all the others.  Well, during an outage, everyone's shift should be affected equally.  However, it seems that the estimated earnings are based upon the overall current hash rate in effect, not the hash rate during a particular shift.

[DrHaribo]

For example, you have 10 shifts, with one about 50% hash rate as all the others.  Well, during an outage, everyone's shift should be affected equally.  However, it seems that the estimated earnings are based upon the overall current hash rate in effect, not the hash rate during a particular shift.

It's based on what percentage of the work in the last 10 shifts was done by you. This was a routing error that affected some users and not others, so the few minutes it lasted it had some users mining and others not. This shouldn't affect things noticeably though if you are otherwise mining 24/7 since it was rather short. Some users took a while to switch back from their backups pools though.

To be exact the payouts are not calculated based on accepted proofs of work, but by score. Score = accepted proofs of work divided by difficulty. This slight complication is necessary to make the reward system completely safe from pool hopping during difficulty changes.

[Sixem]

Just a question

is it normal that blockchain.info is showing blocks found by bitminter , that aren`t showing up on the bitminter website itself ?


blocks 281690 & 281522 & 281521

https://blockchain.info/nl/blocks/BitMinter


https://bitminter.com/blocks

[sewem]

Where are the BitMinter-solved blocks (according to blockchain.info)

281690 (Main Chain)   2014-01-21 13:52:18   000000000000000168e9d44e5bb006b700c2c68b6836366bf308fd9bce329fe9
281522 (Main Chain)   2014-01-20 16:03:57   00000000000000010420879cfe8f8fea91dc77252b1351d5dfa9b8203f17b582
281521 (Main Chain)   2014-01-20 15:55:58   00000000000000002711dd1277d53bba994b124060b795271ac153811be2cbe6

They are visible on blockchain.info but they do not appear on the bitminter site:

https://bitminter.com/blocks

Is bitminter keeping half of the blocks or what?

[Stinky_Pete]

Blockchain.info data is not always correct - it can show blocks relayed, not mined. You can find plenty of theads about this issue if you search.

[Cascaders28]

Not sure if it was just me or not but at 11am EST my Bitminter ran out of work. I then somehow ended up with over 1000000 work units queued up but my hash rate was halved. I let it go for about a minute but it never normalized so I just restarted Bitminter and everything seems fine now.

One question I do have though is that Bitminter usually tells me I'm running at between 98-101 Ghs. When I look at the shifts they're reporting between 89-94. Any insight on the difference?

[inni]

evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

[DrHaribo]

About blockchain.info showing too many Bitminter blocks, let me put it this way, I have sometimes seen their site get something right, but it's not often.

I emailed them about the problem, but they didn't reply.

According to them Deepbit is still finding several blocks per day, and half of P2pool's blocks are made by Bitminter. It would be funny if it wasn't confusing so many people.

TL;DR: blockchain.info data is usually wrong. Use this instead: http://blockorigin.pfoe.be/

Not sure if it was just me or not but at 11am EST my Bitminter ran out of work. I then somehow ended up with over 1000000 work units queued up but my hash rate was halved. I let it go for about a minute but it never normalized so I just restarted Bitminter and everything seems fine now.

Sounds like a network issue. When it cleared up the client grabbed a lot of work. Wouldn't have expected quite that much though. Also I've never seen it run at half hashrate like that after a network issue. Thanks for the report.

One question I do have though is that Bitminter usually tells me I'm running at between 98-101 Ghs. When I look at the shifts they're reporting between 89-94. Any insight on the difference?

The website estimates your hashrate based only on accepted work. If you have a lot of rejected work or miscalculations (hardware errors) then that can explain the difference.

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

You'll need ASICs of course, to beat the electricity expenses. I think block erupter can still do that, but I guess it depends on your electricity prices. They can be hard to get at a price where you have a chance to break even, though. Run some scenarios through a bitcoin mining calculator before you decide what you want to pay for one. Or if you just want to try out mining and breaking even isn't that important, a cheap device like that should fit the bill.

[Stinky_Pete]

evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

Look for ASICMiner USB Block Erupter somewhere second hand. They are no longer made. The Antminers are still relatively expensive but will do better, unless you can get 5 block erupters cheap.
It is unlikely that either will pay for themselves, but they should pay for the electricity. They will give you a good introduction to what a 30% increase in difficulty really means.

[CYPER]

TL;DR: blockchain.info data is usually wrong. Use this instead: http://blockorigin.pfoe.be/

What pool is Discus Fish 

[Korxax]

evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

I like the antminers I have, but they won't work with the bitminter client yet.  I found them at Amazon through Jones gear for about $65 each shipped free if you don't mind waiting.  You might be able to find similar pricing on ebay, or check to see if anyone is selling them cheaper in the forum here, but most of those guys only take bitcoin as payment.  If bitcoin prices go up you should get your money back, but realistically, you'd probably be better off just buying the bitcoin rather than mining.  With some luck though you could buy the miners get a some partial coins in 2-3 months and maybe sell the miner at that point for close to what you paid for it and pocket a little bitcoin too.  No way to know what the ants will be selling for then though, so you may lose money overall.  There's a real problem with bitcoin mining at the moment, the cost of the hardware is so high and difficulty is increasing so fast it'll be hard to make your money back.  It's hard to blame the manufactures really, though plenty of people still do, there seem to be plenty of people willing to pay for the miners at prices where they won't get their money back, so why discount them.  That and the manufacturers could just plug their own products in and make the money themselves without selling at all, so they price them where it's worth it to sell them rather than mine themselves.

it is still kinda fun though.     And if the price of bitcoin continues to go up you'll still do just fine.

Korxax


1NtV1q29FtRAYAkMJHMYbASZLiLur2FQe

[janonathon]

evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

I like the antminers I have, but they won't work with the bitminter client yet.  I found them at Amazon through Jones gear for about $65 each shipped free if you don't mind waiting.  You might be able to find similar pricing on ebay, or check to see if anyone is selling them cheaper in the forum here, but most of those guys only take bitcoin as payment.  If bitcoin prices go up you should get your money back, but realistically, you'd probably be better off just buying the bitcoin rather than mining.  With some luck though you could buy the miners get a some partial coins in 2-3 months and maybe sell the miner at that point for close to what you paid for it and pocket a little bitcoin too.  No way to know what the ants will be selling for then though, so you may lose money overall.  There's a real problem with bitcoin mining at the moment, the cost of the hardware is so high and difficulty is increasing so fast it'll be hard to make your money back.  It's hard to blame the manufactures really, though plenty of people still do, there seem to be plenty of people willing to pay for the miners at prices where they won't get their money back, so why discount them.  That and the manufacturers could just plug their own products in and make the money themselves without selling at all, so they price them where it's worth it to sell them rather than mine themselves.

it is still kinda fun though.     And if the price of bitcoin continues to go up you'll still do just fine.

Korxax


1NtV1q29FtRAYAkMJHMYbASZLiLur2FQe

I had a great time building a rig from a raspberry pi and mining with ASIC Sapphires. I eventually collected 15, 7 of witch were on my windows pc with bitminter, SO EASY TO USE. I got them when the BC was in turmoil for 10 bucks a piece (miners, not BC) so it was easy to get my money back on that. I only sold half back before they were made obsolete by the antminer so now i'm right back into the game, waiting on a few units (antminers) to show up, with one already running alongside 8 ASICMINERS. I use my BC to buy stuff from some electronics stores that accept them directly as payment. I am still a super noob when it comes to all things mining. Korxax has got the right idea for anyone wanting to start out the easiest way but it only takes a few google searches to get an antminer going for quite a better deal per GH/s. I justified a lot of my spending as 'learning linux' since i mine mostly using pi's now, but it's all really just copied and pasted from smarter people's websites. I guess I just wanted to reassure you that it IS possible to get your money back, but mostly from reselling your hardware. If you're like me at all I'll warn you now it can be VERY addicting, even when i'm just mining 5GH/s (for now, mwahaha). Anyway, MAD love to bitminter for getting me into the hobby.

Peace, everybody, hope i can make some friends here in the community!

[philipma1957]

evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

I sell the antminers on ebay.  I always offer best price on ebay for a pair or a set of 3.  I will take paypal here from a forum member even a bit cheaper then I sell them on ebay…  If you want to pay with paypal I would sell a set of 2 or a set of 3.  to usa only.

my ebay name is philipma1957 same as here. On ebay right now I have the best price for a pair of sticks.  121 usd.

        For private sale I can do a little lower. Not much as at 121 a pair I don't make a lot.   If you pay with a gift Paypal I can drop price 7% or around 112 for a set of 2.

  I run the sticks using cgminer. if you have a fan and have a good hub they will overclock to 2.0gh.
 ( I have some hubs that work well.)

  will you make money? I have no idea. well if btc price goes up you will make money.


 are you better off buying some btc? I also have no idea.  every one says buy btc buy btc.  they do not realize that a small purchase like this is much lower risk and if btc skyrockets the price of this gear can jump..

 the all time low I paid for a .333btc block erupter was $6.93 usd. I grabbed 100 and also got a free 49 port hub.

 less then a month later that same erupter sold on ebay for 37 dollars. I sold the hub for 125 usd.  the 100 block erupters mined a while then sold at prices from 18 to 37 bucks.  Always the lowest price on ebay.  
(not always but I do adjust lower  every day so once in a while some one goes lower until I see and go under them)

the doctors site is pretty good for newcomers  as you can learn how to play the game with out selling off a kidney so to speak.  A piece of advice only buy from people that have the gear in hand until you understand more about btc then you do now.

my  current 2 stick listing

http://www.ebay.com/itm/AntMiner-ant-miner-U1-1-6gh-2-sticks-overclocks-to-2gh-for-a-4gh-total-0-ship-/161201776622?pt=LH_DefaultDomain_0&hash=item25885fe7ee

here is a 3 stick listing for be's

http://www.ebay.com/itm/3-ASICMiner-USB-Block-Erupter-Bitcoin-ASIC-Miner-333MH-s-In-hand-FREE-PRIORITY-/171224429995?pt=LH_DefaultDomain_0&hash=item27ddc575ab


so one one hand 2 sticks = 4gh and 121 usd  or 3   sticks = 1gh and 66 usd


here is another listing for 10 be's = 3.33 gh price 190 usd

http://www.ebay.com/itm/Lot-of-10-ASICMiner-Block-Erupter-333-MH-s-USB-/121257405603?pt=LH_DefaultDomain_0&hash=item1c3b812ca3

  but if you only want to spend  60-65 bucks  you can buy   1 stick here… 2gh hash instead of 1 gh.  antminers overclock to 2 gh real easy

http://www.ebay.com/itm/AntMiner-USB-Asic-Miner-1-6-GH-s-Stock-2-2-GH-S-Overclock-at-2-Watts-Bitcoin-/171209782140?pt=LH_DefaultDomain_0&hash=item27dce5f37c

good solid seller I think he would go for 60 on an offer.