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

[DrHaribo]

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.

[christhegoth]

Support Request:

I haz one of these:

http://technobit.eu/index.php?id_product=69&controller=product&id_lang=1

It uses Hex16A3 chips and I could do with a driver in the Bitminter client as, naturally, the set-up guide is not there anymore ( even though it's a new product ).

There's a BitcoinTalk thread here on it.  The voltage appears to be 875 mV, but that'll need testing.

https://bitcointalk.org/index.php?topic=520089.40


It's a USB unit, so having our client support it would be a good idea


PS:  Found this as well.  Not a very well written guide, but apparently the latest cgminer likes them ( could have fooled me but there you go ):

https://bitcointalk.org/index.php?topic=618582.0

[DrHaribo]

It uses Hex16A3 chips and I could do with a driver in the Bitminter client as, naturally, the set-up guide is not there anymore ( even though it's a new product ).

It's a real pain that every manufacturer is inventing their own protocols for this. I don't have time to add them all.

It looks like the Rockminer R-box is a popular product, I may look into that first.

You'll need to get that device running with bfgminer or cgminer. Maybe someone here has the same machine and can help?

[christhegoth]

It uses Hex16A3 chips and I could do with a driver in the Bitminter client as, naturally, the set-up guide is not there anymore ( even though it's a new product ).

It's a real pain that every manufacturer is inventing their own protocols for this. I don't have time to add them all.

It looks like the Rockminer R-box is a popular product, I may look into that first.

You'll need to get that device running with bfgminer or cgminer. Maybe someone here has the same machine and can help?

I have it working with cgminer 4.4.1 & Debian ( latest ) as per instructions on the thread I posted to:

https://bitcointalk.org/index.php?topic=520089.0;all

Works a treat

[gb1971]

It uses Hex16A3 chips and I could do with a driver in the Bitminter client as, naturally, the set-up guide is not there anymore ( even though it's a new product ).

It's a real pain that every manufacturer is inventing their own protocols for this. I don't have time to add them all.

It looks like the Rockminer R-box is a popular product, I may look into that first.

You'll need to get that device running with bfgminer or cgminer. Maybe someone here has the same machine and can help?

r-box support would be nice
i hope you can find the time doc

[ichtus27]

Fun is starting to go away for me, difficulty so high, more blocks are taking days and pool speed is getting more again.  Speed is not winning in our luck part so it seems.

I don't like it, putting more money in than getting out now... not fun.

[christhegoth]

Fun is starting to go away for me, difficulty so high, more blocks are taking days and pool speed is getting more again.  Speed is not winning in our luck part so it seems.

I don't like it, putting more money in than getting out now... not fun.

This last 1.5 weeks has been pretty slow. I've only made enough to cover costs.

Coin-mining is like running a shop. You get good months and bad months. But...

If it's not working out you do have the option to switch the units off. Never forget that.


The blocks have been naff of late though, fair comment.

[DrHaribo]

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.

[christhegoth]

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.

Yup, peaks & troughs.

Also BTC has increased in value over the past 3 or so weeks:

http://bitcoincharts.com/charts/coinfloorGBP#rg60ztgTzm1g10zm2g25

£350 a month or so back is now £370.  And it's all looking stable too.  It's not a huge return, but 1 miner running at 700GH for 700w is enough to run a credit card that pays for my IT costs ( repairs, upgrades, etc ).  A small shop.

Drawing a wage you're gonna need a Minerscube 5 at least, but for top-ups to your main job I'd say we're still good.

It's just the last 1.5 weeks that have been crap.  Which means the next 1.5 weeks should be pretty good in theory ( according to the good Dr's graph ).


It was never gonna be big money.  But it's still some money.  Which is better than no money

[xstr8guy]

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.

Yup, peaks & troughs.

Also BTC has increased in value over the past 3 or so weeks:

http://bitcoincharts.com/charts/coinfloorGBP#rg60ztgTzm1g10zm2g25

£350 a month or so back is now £370.  And it's all looking stable too.  It's not a huge return, but 1 miner running at 700GH for 700w is enough to run a credit card that pays for my IT costs ( repairs, upgrades, etc ).  A small shop.

Drawing a wage you're gonna need a Minerscube 5 at least, but for top-ups to your main job I'd say we're still good.

It's just the last 1.5 weeks that have been crap.  Which means the next 1.5 weeks should be pretty good in theory ( according to the good Dr's graph ).


It was never gonna be big money.  But it's still some money.  Which is better than no money

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

[DrHaribo]

When you're buying mining equipment, make sure you compare price per GH/s (remember to add power supply, if not included), electricity usage, etc.

There are some very bad deals out there, which can never break even. Whether you pay $10 per GH/s or less than $1 per GH/s is important.

It's just the last 1.5 weeks that have been crap.

Last 10 days we found 19 blocks, so 1.9 blocks per day. The average we can expect with our hashrate currently is 1.6 blocks per day. I wouldn't call 1.9 "crap". Or 1.72 blocks per day the last 11 days, which is still good. Depending on whether 1.5 weeks is 10 or 11 days.

Try not to focus only on the unlucky rounds. It will make you think you are having bad luck when you're actually being lucky.

Which means the next 1.5 weeks should be pretty good in theory

No, past luck has no impact on future luck. Thinking so is called "gambler's fallacy", which you can read about on Wikipedia.

Every time you play the lottery or roll the dice your chance of winning is the same. It doesn't matter whether you won or lost the previous time(s).

[DrHaribo]

Thanks to TaggedYa for slamming in a second block after just 7 minutes.

CDF 0.8% means:

https://www.youtube.com/watch?v=y6Sxv-sUYtM

[gb1971]

Thanks to TaggedYa for slamming in a second block after just 7 minutes.

CDF 0.8% means:

https://www.youtube.com/watch?v=y6Sxv-sUYtM

yeah slamdunking 7 minute blocks makes me happy too thx TaggedYa!!!!

nice 1 doc

[allnite]

Thanks to TaggedYa for slamming in a second block after just 7 minutes.

CDF 0.8% means:

https://www.youtube.com/watch?v=y6Sxv-sUYtM

yeah slamdunking 7 minute blocks makes me happy too thx TaggedYa!!!!

nice 1 doc

It's like a bonus for working long hours.

[christhegoth]

When you're buying mining equipment, make sure you compare price per GH/s (remember to add power supply, if not included), electricity usage, etc.

There are some very bad deals out there, which can never break even. Whether you pay $10 per GH/s or less than $1 per GH/s is important.

It's just the last 1.5 weeks that have been crap.

Last 10 days we found 19 blocks, so 1.9 blocks per day. The average we can expect with our hashrate currently is 1.6 blocks per day. I wouldn't call 1.9 "crap". Or 1.72 blocks per day the last 11 days, which is still good. Depending on whether 1.5 weeks is 10 or 11 days.

Try not to focus only on the unlucky rounds. It will make you think you are having bad luck when you're actually being lucky.

Which means the next 1.5 weeks should be pretty good in theory

No, past luck has no impact on future luck. Thinking so is called "gambler's fallacy", which you can read about on Wikipedia.

Every time you play the lottery or roll the dice your chance of winning is the same. It doesn't matter whether you won or lost the previous time(s).

The graph you put up clearly shows an oscillation, that then translates into an average.  From my view we had that 3 day block, then a day with like 4 in one day ( glorious ), and then after that we have 1 block per day for the next 4 days. Then 2 so far today. In 9 days we picked up 10 blocks.  Which is below the 10.9 per week quoted by someone a few posts back.

Following the cycle so far ( not gambling in the true sense ) that would suggest we now have a few days of good times coming.

Which naturally means I have just jinxed it

Hence why I advise to think monthly.  Good weeks happen, bad weeks happen, and it's what it adds up to at the end of the month that counts ( as in, can you pay your electricity or not ).

This pool does appear to perform well.  You just have to allow for the odd duff week, as life is life.


I chose to pick up an S3 to add to my Coindesk unit.  My Coindesk is running at 700 GH/s for 770w at present, and can be dialed back to 530 GH/s for 500w later in it's lifetime ( as difficulty rises ).

The s3 is brand spanking new, so based on that I should get maximum profit on a 1.1 GH/s per watt unit.  Not sure if I'll be able to pencil-mod it later in it's life, but I would assume it's the same as the S1 here.

[christhegoth]

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.

Yup, peaks & troughs.

Also BTC has increased in value over the past 3 or so weeks:

http://bitcoincharts.com/charts/coinfloorGBP#rg60ztgTzm1g10zm2g25

£350 a month or so back is now £370.  And it's all looking stable too.  It's not a huge return, but 1 miner running at 700GH for 700w is enough to run a credit card that pays for my IT costs ( repairs, upgrades, etc ).  A small shop.

Drawing a wage you're gonna need a Minerscube 5 at least, but for top-ups to your main job I'd say we're still good.

It's just the last 1.5 weeks that have been crap.  Which means the next 1.5 weeks should be pretty good in theory ( according to the good Dr's graph ).


It was never gonna be big money.  But it's still some money.  Which is better than no money

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

[christhegoth]

It's just the last 1.5 weeks that have been crap.

Last 10 days we found 19 blocks, so 1.9 blocks per day. The average we can expect with our hashrate currently is 1.6 blocks per day. I wouldn't call 1.9 "crap". Or 1.72 blocks per day the last 11 days, which is still good. Depending on whether 1.5 weeks is 10 or 11 days.

Try not to focus only on the unlucky rounds. It will make you think you are having bad luck when you're actually being lucky.

Apologies, I was talking about blocks actually processed, not blocks found.  I'm counting the payments.

Although the fact we've found more than we've chewed through is certainly good news.  It means we won't go dark any time soon


Which means, naturally, I have just jinxed it

[DrHaribo]

Yeah, last 1.5 week has been pretty good.

Although some would disagree, as they go by these rules:

We have awesome luck: "things going as expected"
We have good or average luck: "luck is awful right now"
We have bad luck: "this is statistically impossible - something must be wrong"

It's surprising how many people think this way, as I have learned from running Bitminter for over 3 years.

[christhegoth]

Yeah, last 1.5 week has been pretty good.

Although some would disagree, as they go by these rules:

We have awesome luck: "things going as expected"
We have good or average luck: "luck is awful right now"
We have bad luck: "this is statistically impossible - something must be wrong"

It's surprising how many people think this way, as I have learned from running Bitminter for over 3 years.

My first foray into bitcoin cost me £500 a will never get back.  Bought a Blade and 6 U1's, and then the prices all went squelch.  Last Christmas.  Even paid too much for my first s1, which is why I am now a total whore for 1 GH/w minimum stuff now.

It's all pretty much worthless tech now ( although the s1 is now pencil-modded so will last a bit longer ), but I did learn a hell of a lot about where I went wrong.  So £500 on training could still come back in with my more modern kit.

s1's are selling for £200 on eBay currently, and are clearly not worth that with a 0.42 GH/w power ratio.  My Coindesk is a nice unit though.  Not complaining there.

There's always a certain level of gamble with any business venture.  Such is life.


So lets prey for many blocks being found and many blocks being easy


As an aside I would love to know how the blocks are prepared.  So that we can find them to process them.  Who makes the block?

It may be random luck on what we find, but even so.  Someone somewhere is getting work in and is being paid for it ( thus creating the Reserve that makes Bitcoin worth real cash ).  I wonder if they think about how they put said work out for us, so as to make sure to not make Miners go bust too soon?  Is there a strategy?

Is there a Minting god?

Who do we worship on the sabbath?

Big questions

[judypug1956]

Reward graph is looking pretty good (last 500 shifts):

https://bitminter.com/stats/rewards

So payouts have been good lately.

Unlucky blocks take longer than lucky blocks. That can give you the impression that you're having bad luck all the time. Don't let that fool you though.

Yup, peaks & troughs.

Also BTC has increased in value over the past 3 or so weeks:

http://bitcoincharts.com/charts/coinfloorGBP#rg60ztgTzm1g10zm2g25

£350 a month or so back is now £370.  And it's all looking stable too.  It's not a huge return, but 1 miner running at 700GH for 700w is enough to run a credit card that pays for my IT costs ( repairs, upgrades, etc ).  A small shop.

Drawing a wage you're gonna need a Minerscube 5 at least, but for top-ups to your main job I'd say we're still good.

It's just the last 1.5 weeks that have been crap.  Which means the next 1.5 weeks should be pretty good in theory ( according to the good Dr's graph ).


It was never gonna be big money.  But it's still some money.  Which is better than no money

What kind of scam are you pimping? Minerscube 5? Never heard of it and certainly if it was legit, there'd be a lot of talk in the Hardware forum.

My good sir, check this baby out:

http://www.minersbox.com/index.php/products/minersbox-5

5TH/s for 825w.  Sexy huh?  Just need to find me 5 grand


I would assume you know about these:

http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-1

6TH/s for 2500w, so not as good as the cube.

they must be a con,  but they take paypal.    so they do look interesting