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

[DrHaribo]

We are back up again

[1714877756]

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[P4man]

And you also finally re-enabled the block finding cheat

[DrHaribo]

And you also finally re-enabled the block finding cheat

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

[Turbor]

[DrHaribo]

Welcome back, Turbor and the others who returned

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

[Proofer]

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...

[btc_artist]

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

[Proofer]

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.

[DrHaribo]

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.

[mackminer]

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.

[P4man]

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.

[Turbor]

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 ?!

[DeathAndTaxes]

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).

[mackminer]

Thanks for clarifying this.

[Turbor]

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

[DrHaribo]

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!

[DeathAndTaxes]

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.

[P4man]

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.

[Turbor]

5 

[P4man]

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

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!