[Race is over!] Mint Race #5: Win a KnC Jupiter 550 GH/s ASIC device!

[DrHaribo]

The first KnC Jupiter that has been earned through the reseller link at Bitminter will be the prize for the november mint race! Note that we don't know when these reseller units will be shipping. More information on that when the information is available from KnC. You can read more about the Jupiter device at https://www.kncminer.com/?resellerid=299 (also use that link to buy!)

Got 5% of the pool hashrate? That's a 5% chance to win 1st place. Even for smaller miners the chances should be better than most lotteries.

The race is open for everyone. All you have to do is mine at the Bitminter mining pool.

Start: friday 2013.11.01 at 00:00 UTC
Finish: saturday 2013.11.30 at 23:59 UTC

The prizes are:

1st place: KnCMiner Jupiter 550 GH/s ASIC device (currently selling for $4995)
2nd place: BTC Trinkets bitcoin miner lapel pin
3rd place: BTC Trinkets bitcoin miner lapel pin





Update: added bitcoin miner pins. Thanks, BTC Trinkets! More details on the pins at http://btctrinkets.com/presta2/index.php?id_product=26&controller=product

Rules:

• Just like your hash must beat the difficulty to produce a block, it must beat the other miners to win. The best (lowest) hashes during the race will win.
• As long as your work is accepted by the server it is valid for the race, even if it ends up "stale" or "orphaned" in the block list.
• Each person can only compete with one (their best) hash.
• If a winner cannot be reached within 1 week, the prize will go to the next on the list. You may want to make sure that the "account details" page at bitminter.com has an email address listed for you so that you are easy to reach.
• Any block by DrHaribo will not count in the race.

Verifiability:
Hopefully your mining software will show if you have created a block (BitMinter client does). Your block will show with your user name in the block list at http://bitminter.com/blocks. You can click the height number for the block (leftmost column) to see details. There is a link there to blockchain.info where you can see the hash value of the block both on the page and in the URL. The lowest hash value wins. Hash values are shown in hexadecimal. 0-9 is lower than A-F. A is lower than B. Pretty simple.

CURRENT STANDINGS: see https://bitminter.com/mintrace

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[Nemo1024]

Haven't found a single block during the last year of mining. My luck for a block find is long overdue, maybe I'll manage to grab the race prize in the same go, but that'll be stretching it.

[SgtMoth]

Wow! 

[ct1aic]

Haven't found a single block during the last year of mining. My luck for a block find is long overdue, maybe I'll manage to grab the race prize in the same go, but that'll be stretching it.

With only 20 GH/s, I think I will also never find a block. 

[norpick]

Haven't found a single block during the last year of mining. My luck for a block find is long overdue, maybe I'll manage to grab the race prize in the same go, but that'll be stretching it.

With only 20 GH/s, I think I will also never find a block. 

that goes for me too, i had all my set-up stolen and only just got back online with what little iv managed to buy. good luck to those who are in the running for 1st though 

[cspindor]

How is this fair for the smaller miners? I have never gotten my name on a block.

[Nemo1024]

It's like lottery, the more tickets you hold the greater are the odds of winning. Holding more tickets means you paid more for them. So it's fair that your chances are greater. You can solve a block even CPU-mining, if you are very very lucky.

[cspindor]

It's like lottery, the more tickets you hold the greater are the odds of winning. Holding more tickets means you paid more for them. So it's fair that your chances are greater. You can solve a block even CPU-mnng, if you are very very lucky.

I see you're point.

[Magazine]

Haven't found a single block during the last year of mining. My luck for a block find is long overdue, maybe I'll manage to grab the race prize in the same go, but that'll be stretching it.

With only 20 GH/s, I think I will also never find a block. 

that goes for me too, i had all my set-up stolen and only just got back online with what little iv managed to buy. good luck to those who are in the running for 1st though 

wow, how did you get it stolen?

[Flashman]

Woohoo, my chances are wayyyyyyyy better this time....


Got about 0.8% vs the 0.001% or something I had at the tail end of the GPUs

[nwfella]

So, let's see, if I'm currently ~0.058%, yeah likely to never win but what the heck it's nice to know that at least I have a shot

*Any plans on updating bitminter java client to support MrTeal's BFL-based Chilis?

[Stinky_Pete]

I've got a 0.01% chance of winning, so bring-it-on!

[Isokivi]

Btctrinkets.com is throwing in two lapel pins for the runner up spots:

[DrHaribo]

Thanks, BTC Trinkets! I've added the lapel pins in the first post.

*Any plans on updating bitminter java client to support MrTeal's BFL-based Chilis?

If it takes a while for a fully BFL-compatible firmware to become available, then maybe I should add a workaround for them.

[CYPER]

Is this the opposite of finding a block? Lowest vs highest share?
Is there a list of all the shares I submitted?

I found a block today

[DrHaribo]

Is this the opposite of finding a block? Lowest vs highest share?

No, the smallest hashes are always best.

To find a block you must find a hash that is below the current target. As the difficulty goes up, the target goes down, making it more difficult to find a hash that is below the target.

To win the race you must find a hash that is below the hashes of the other miners in the race.

I believe this dance was inspired by Bitcoin mining: http://en.wikipedia.org/wiki/Limbo_%28dance%29

[CYPER]

Is this the opposite of finding a block? Lowest vs highest share?

No, the smallest hashes are always best.

To find a block you must find a hash that is below the current target. As the difficulty goes up, the target goes down, making it more difficult to find a hash that is below the target.

To win the race you must find a hash that is below the hashes of the other miners in the race.

I believe this dance was inspired by Bitcoin mining: http://en.wikipedia.org/wiki/Limbo_%28dance%29

Then why does CGMiner shows the highest share as the best one?

[DrHaribo]

Then why does CGMiner shows the highest share as the best one?

Isn't this one 445 million?

cgminer is calculating the difficulty equivalent of the hash value. A small hash or target value yields a high difficulty.

Try the links to prior mint races, you can see the hash values that won.

[CYPER]

Thanks for the explanation

Also is there a list of all the shares I submit? A place to follow the lowest share so far?

[DrHaribo]

Also is there a list of all the shares I submit? A place to follow the lowest share so far?

We'll just look at the BTC blocks that are generated. That cuts it down to just a few of the lowest hashes, so we don't have to look at each and every one.