Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01

[DrHaribo]

Thanks!

Now let's finally find this block.

[1714485886]

1714485886

[1714485886]

1714485886

[1714485886]

1714485886

[mstang83]

I check this site almost every day for progress. The CDF appears to be going in the wrong direction. 

[pondule]

I check this site almost every day for progress. The CDF appears to be going in the wrong direction. 

Yes, I noticed that too. It was on 99.95 and now on 99.93 but the difficulty went up so CDF is recalculated against the new difficulty.

[murasame2003]

Congrats. It took 49 days. 

[jonnybravo0311]

Congrats on finally ending that painful round guys.  Hope to see you hit a few nice quick greens!

[gt_addict]

WOOHOO!!!!

Now we've just got to watch all the hashrate start to come back again like it did before.

[DrHaribo]

Finally another block.

The work amount it took was 7.3x difficulty. Not as bad as our worst round which was 11x difficulty. But it took longer due to the current low hashrate in the pool.

A big thanks to all the miners who worked on this round and especially th1nk3r who found the block! 

[Mikestang]

Woo!

[TheEvilOne]

It is good to see the long block finally over.. I do hope to see some of the hash rate come back that was there before or I fear we may run into another long block time scenario. Of course its all about the luck of solving that next block, so anything can happen.

[mstang83]

Unfortunately there is no incentive for anyone to come back. And that's just the scary truth. For those of us who remain, we still get paid the same. Only now our earnings are farther apart.

Maybe we can do a promotion to sway miners back.

[pondule]

The only incentive that will draw miners back is some green blocks.

Although it is ultimately down to luck there may be some tweaks such as difficulty setting that could affect the odds. I'm no expert but I think it may affect the pool's total results if we all picked the "Easy Mode" perk or alternatively if we all ticked the (non-existent) "hard-mode" perk. Maybe we should even stoop low enough to mine empty blocks to give the pool a few seconds head start over the others on each new block. At the moment I feel that odds are against us like playing roulette on a table that has a double-zero as well as the normal one. There may even be some mining rigs that are luckier than others, I wouldn't put it past the manufacturers to add a "withhold block if you're not using their pool" algorithm although I expect someone's checked through the code to ensure that's not true.

Sorry about the rant Doc but it can't be just bad luck for 3 months solid. 

[DrHaribo]

Unfortunately there are no tricks to achieve good luck. Worker difficulty won't affect finding blocks. Empty blocks could be used to reduce the orphan rate a tiny bit. But it won't affect finding blocks.

Talking about time and luck gets confusing. Time depends a lot on hashrate. If you look at time you get the wrong impression of luck.

Number of rounds is directly related to luck though. "7 blocks in a row were above 50% CDF." That says something about luck. I'm sure that has happened several times to all long-running pools though.

[gt_addict]

There is no amount of words that can change anything. To get more blocks we would need a higher hashrate, but who's to say that we would get the blocks then anyway. Imagine a massive selection of draws all bundled together. There are 10 green straws among 1000 red straws. You have to find the green straws while blindfolded. If you're lucky you'll get them quickly. If not you would work through 990 straws before you got any greens. Now if you had five more people (all blindfolded) then all of you could choose at the same time. You would work through them quicker but you could well find that you still pick 990 red straws before you get any greens. Or you may find them all quickly. There is no way to know. It is what it is....luck.

[organofcorti]

Unfortunately there are no tricks to achieve good luck. Worker difficulty won't affect finding blocks. Empty blocks could be used to reduce the orphan rate a tiny bit. But it won't affect finding blocks.

Talking about time and luck gets confusing. Time depends a lot on hashrate. If you look at time you get the wrong impression of luck.

Number of rounds is directly related to luck though. "7 blocks in a row were above 50% CDF." That says something about luck. I'm sure that has happened several times to all long-running pools though.

Hey, where do I "thumbs up" posts again? Oh wait, forgot where I was for a sec.

[in2tactics]

Hey, where do I "thumbs up" posts again? Oh wait, forgot where I was for a sec.

This is not Reddit.

[gt_addict]

Soooooo..............anyone fancy sorting this block out?

[in2tactics]

Soooooo..............anyone fancy sorting this block out?

We are still under the average number of shares at the current difficulty by about 90,000,000,000 shares.

[gt_addict]

BLOCK!!!!   Only 73.24% so if I assume there is a trend the next one should be around the 50% mark 

[Mikestang]

Nice! 

[DrHaribo]

Come on, let's have a Christmas block