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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833203 times)
oskuro
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July 09, 2014, 03:09:34 PM
 #6961

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

But(i dont know how it works), but i have been in just another pool apart from this one, and we never had there blocks of 24h or so. I mean... its normal that maybe in 1 day we find 2,3,4 blocks, and then suddenly when everything looks to be going nice, a block of 2 days appear?. Its like if the system had something like:

If blocks/day > 3 or 4 then nextblock = 24hours

 Grin Grin
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HerbPean
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July 09, 2014, 03:26:41 PM
 #6962

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

But(i dont know how it works), but i have been in just another pool apart from this one, and we never had there blocks of 24h or so. I mean... its normal that maybe in 1 day we find 2,3,4 blocks, and then suddenly when everything looks to be going nice, a block of 2 days appear?. Its like if the system had something like:

If blocks/day > 3 or 4 then nextblock = 24hours

 Grin Grin

At the current difficulty, someone posted in the previous page, that our average block discovery for a week should be 10.4.

I think we already hit the average this week. It is just normal to hit high difficulty block once in a while as low difficulty one (we found one at 2.x% then 98.9%).

On the long term, we should be close to the average.
oskuro
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July 09, 2014, 03:28:37 PM
 #6963

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

But(i dont know how it works), but i have been in just another pool apart from this one, and we never had there blocks of 24h or so. I mean... its normal that maybe in 1 day we find 2,3,4 blocks, and then suddenly when everything looks to be going nice, a block of 2 days appear?. Its like if the system had something like:

If blocks/day > 3 or 4 then nextblock = 24hours

 Grin Grin

At the current difficulty, someone posted in the previous page, that our average block discovery for a week should be 10.4.

I think we already hit the average this week. It is just normal to hit high difficulty block once in a while as low difficulty one (we found one at 2.x% then 98.9%).

On the long term, we should be close to the average.

well, yeah, thats right. Hope i receive my S3 soon, every day im earning less for blocks argggggg
christhegoth
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July 09, 2014, 03:29:00 PM
 #6964

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.
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July 09, 2014, 03:32:55 PM
 #6965

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

Err, I'm not sure I follow your point. Pools don't get to choose how long it takes to find a block nor which block they're working on. It's just dumb luck, and at least according to the weekly stats posted by organofcorti, Bitminter usually comes out as a very lucky pool. Now I hope that exposing that info doesn't jinx us! Smiley

HerbPean
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July 09, 2014, 03:39:54 PM
 #6966

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.
christhegoth
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July 09, 2014, 03:43:54 PM
 #6967

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

But(i dont know how it works), but i have been in just another pool apart from this one, and we never had there blocks of 24h or so. I mean... its normal that maybe in 1 day we find 2,3,4 blocks, and then suddenly when everything looks to be going nice, a block of 2 days appear?. Its like if the system had something like:

If blocks/day > 3 or 4 then nextblock = 24hours

 Grin Grin

At the current difficulty, someone posted in the previous page, that our average block discovery for a week should be 10.4.

I think we already hit the average this week. It is just normal to hit high difficulty block once in a while as low difficulty one (we found one at 2.x% then 98.9%).

On the long term, we should be close to the average.

well, yeah, thats right. Hope i receive my S3 soon, every day im earning less for blocks argggggg


The S3's do look shnacky.

The Minerscube 5 is sex on a stick though. I got my eye on one of those. Just need to sort the funding ( same old story) .
christhegoth
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July 09, 2014, 03:56:17 PM
 #6968

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

Err, I'm not sure I follow your point. Pools don't get to choose how long it takes to find a block nor which block they're working on. It's just dumb luck, and at least according to the weekly stats posted by organofcorti, Bitminter usually comes out as a very lucky pool. Now I hope that exposing that info doesn't jinx us! Smiley

Where do you go to get the blocks?

If we can nab the nice one's first then we get a better return.
jfederkins
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July 09, 2014, 04:26:47 PM
 #6969

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

Err, I'm not sure I follow your point. Pools don't get to choose how long it takes to find a block nor which block they're working on. It's just dumb luck, and at least according to the weekly stats posted by organofcorti, Bitminter usually comes out as a very lucky pool. Now I hope that exposing that info doesn't jinx us! Smiley

Where do you go to get the blocks?

If we can nab the nice one's first then we get a better return.

The good Doctor does not get his pick of blocks. The blocks are handed out and it's just a matter of luck in how much work it takes the pool to solve.

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christhegoth
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July 09, 2014, 04:49:44 PM
 #6970

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.
christhegoth
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July 09, 2014, 04:57:47 PM
 #6971

Much as I appreciate averages balance stuff out I'm worried about these big blocks & the lack of return on them.

There are many pools. If we are too greedy for blocks we may well have nothing but crap work dumped on us ( big blocks, low pay ). And at that point our average will suffer.

If that happens your only choice will be to go to a new pool. & Bitminter will die.

No-one can afford to run at a loss after all. So I'd be careful about these big blocks. If someone is trying to pay feck-all for a ton of work you really do need to avoid them.

Err, I'm not sure I follow your point. Pools don't get to choose how long it takes to find a block nor which block they're working on. It's just dumb luck, and at least according to the weekly stats posted by organofcorti, Bitminter usually comes out as a very lucky pool. Now I hope that exposing that info doesn't jinx us! Smiley

Where do you go to get the blocks?

If we can nab the nice one's first then we get a better return.

The good Doctor does not get his pick of blocks. The blocks are handed out and it's just a matter of luck in how much work it takes the pool to solve.

Gotcha.

Looks like the best option is to dial all s1's down to minimum, and then invest in some S3's or Coindesk kit (assuming you can't afford the new TH stuff coming out) .

The S3 has a 1.1 GH/w ratio if I remember correctly.
HerbPean
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July 09, 2014, 04:58:49 PM
 #6972

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.

check this thread => https://bitcointalk.org/index.php?topic=526060.0

"With this voltage my 3 antminer s1 are hashing at 140 GH/s each for 500 watts (166 watts per ant)"
Duce
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July 09, 2014, 05:44:04 PM
 #6973

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.

check this thread => https://bitcointalk.org/index.php?topic=526060.0

"With this voltage my 3 antminer s1 are hashing at 140 GH/s each for 500 watts (166 watts per ant)"

I got my 3 down to 434 watts at the wall with a RM750 PS at 140 GH/s as well.
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July 09, 2014, 06:40:23 PM
 #6974

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.

check this thread => https://bitcointalk.org/index.php?topic=526060.0

"With this voltage my 3 antminer s1 are hashing at 140 GH/s each for 500 watts (166 watts per ant)"

I got my 3 down to 434 watts at the wall with a RM750 PS at 140 GH/s as well.

IMO, the thing to remember is that once the miner has paid for itself, the only cost is electricity. Even if you only mine $1.01 BTC for every $1.00 of electricity, you are making a profit. A VERY SMALL profit, but still a profit. This is where you have to decide between 3 different options: 1) Buy more efficient miners; 2) Reduce voltage to a point where your cost/profit ration improves; or 3) Stop mining. I personally will be doing a combination of 1 & 2. I have a pair of S3's on order that will replace 2 of my S1's. Once the remaining S1's are no longer profitable running at 180 GH/s I'll drop their voltage to get a better rate. Hopefully, I'll be able to replace all 6 of my S1's with S3's. This will increase my overall hashing power at no additional electric cost.

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July 09, 2014, 07:18:13 PM
 #6975

Hello everyone

If you not believe in a long term growth of the bitcoin it makes no sense to invest in mining. you might be better off if you go to a casino and bet everything on red or black you have.
Whatever GH/W ratio you have it is only a matter of time till it makes no profit because of the electricity bill.

But mining is not dead. we just have to wait till the big guys feel the heat and the difficulty level will decrease and our miners will be profitable again.

The whole question of success or defeat is about to establish bitcoin as a method of payment instead of hoarding and speculating for a higher price.

Work for the acceptance of the coin is the key for a profit with mining.

We not only need more Gigahashs we need a broader audience to spend bitcoins and not only collect them.

best regards
Joerg
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July 10, 2014, 12:40:51 AM
 #6976

In related news, happy 13 Million Day everyone!


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christhegoth
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July 10, 2014, 06:19:13 AM
 #6977

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.

check this thread => https://bitcointalk.org/index.php?topic=526060.0

"With this voltage my 3 antminer s1 are hashing at 140 GH/s each for 500 watts (166 watts per ant)"

I got my 3 down to 434 watts at the wall with a RM750 PS at 140 GH/s as well.


Yup, that did it.  I now pull about 200w for 140 GH/s, which is near enough for me.

Good news for our s1 crowd as well, as a ratio of 0.7 GH/w is not bad.  Just glad I only have the 1 s1.  My Coindesk unit is 700GH for 720w, and that's useful Smiley
christhegoth
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July 10, 2014, 06:48:23 AM
 #6978

Hello everyone

If you not believe in a long term growth of the bitcoin it makes no sense to invest in mining. you might be better off if you go to a casino and bet everything on red or black you have.
Whatever GH/W ratio you have it is only a matter of time till it makes no profit because of the electricity bill.

But mining is not dead. we just have to wait till the big guys feel the heat and the difficulty level will decrease and our miners will be profitable again.

The whole question of success or defeat is about to establish bitcoin as a method of payment instead of hoarding and speculating for a higher price.

Work for the acceptance of the coin is the key for a profit with mining.

We not only need more Gigahashs we need a broader audience to spend bitcoins and not only collect them.

best regards
Joerg

With any mining outfit the rule is simple enough:

Unless your profits are HUGE ( like 2 grand a month ) you can't draw a wage of 1 grand a month.  Simply because of how you need 1 grand a month building up to replace older kit.

If you want a small mechanism that pays for IT repairs than 1 TH is fine; but you won't get a wage out of it, just repair & upgrade money.

Still, that's better than a kick in the bollocks Wink
philipma1957
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July 10, 2014, 09:44:00 PM
 #6979

The s1 eats £50 of leccy a month, & only produces about £85 of Bitcoin a month.

These big blocks could kill s1 miners, as they reduce that £85.

It's something you'll need to allow for in how work is allocated across the Bitminter pool. Those of us with units with better GH to w ratios will last longer, but the s1's will feel it more and more.

Downclock them so you got a better ratio per GH ? Like 1 Kw per GH ? Search for pencil mod, you can run an S1 at 140 GH for 180 Watt if i can remember correctly.

Yup, gonna run some trials now to see if I can improve performance. I'll post results.

I only have the one s1, but if we can save our miners it's worth it.

Ok, the lowest I could get it running at was 130 GH. That ate about 310w. The ratio always seems to be 0.42 GH/w. Where as the newer miners roll in at closer to 1 GH/w.

So you can dial them back, but your profit will stay crap. Not the best of news.

check this thread => https://bitcointalk.org/index.php?topic=526060.0

"With this voltage my 3 antminer s1 are hashing at 140 GH/s each for 500 watts (166 watts per ant)"

I got my 3 down to 434 watts at the wall with a RM750 PS at 140 GH/s as well.


Yup, that did it.  I now pull about 200w for 140 GH/s, which is near enough for me.

Good news for our s1 crowd as well, as a ratio of 0.7 GH/w is not bad.  Just glad I only have the 1 s1.  My Coindesk unit is 700GH for 720w, and that's useful Smiley


good I am glad you have a better power number now.   BTW a q-tip with 90% alcohol rubbed across the  8 POWERED DOWN resistors.

Will clean off the pencil and set you back to the higher volts.

I just sold my 3  after I set them back to full power.  The buyer had free power and wanted the higher speeds.

https://bitcointalk.org/index.php?topic=675598.msg7716943#msg7716943   here they are back to full speed. less then 20 minutes time




[/quote]

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
DrHaribo
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July 11, 2014, 02:17:21 PM
 #6980

Upgrades (as previously announced) went smooth. Looks like most miners came back after being disconnected for the upgrade. If yours didn't, you'll want to have a look at them.

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