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

[in2tactics]

What am I missing anyway "2 quick blocks", there was only 1? Saglimbeni's was a 5 week block?

You are missing the block found by farsider350 about 2 hours and 7 minutes after the block found by Saglimbeni.

[1701968617]

1701968617

[1701968617]

1701968617

[1701968617]

1701968617

[MrZipster]

You are missing the block found by farsider350 about 2 hours and 7 minutes after the block found by Saglimbeni.

That was the 1 quick one I was counting - where was the second?

The Saglimbeni one had been going since beginning of April - not a quick one that! :-)

[in2tactics]

You are missing the block found by farsider350 about 2 hours and 7 minutes after the block found by Saglimbeni.

That was the 1 quick one I was counting - where was the second?

The Saglimbeni one had been going since beginning of April - not a quick one that! :-)

Yes, but the point was that we got two blocks close together.

[DrHaribo]

"Send coins" fee has been increased to 0.0006 (it was 0.0004) for Bitcoin.

As the bitcoin scaling stalemate continues it gets increasingly more expensive to send bitcoins.

Remember, if you have 0.01 BTC or more then you can use auto cash out instead of send coins. Auto cash out is free - the fees are paid by the pool.

[philipma1957]

"Send coins" fee has been increased to 0.0006 (it was 0.0004) for Bitcoin.

As the bitcoin scaling stalemate continues it gets increasingly more expensive to send bitcoins.

Remember, if you have 0.01 BTC or more then you can use auto cash out instead of send coins. Auto cash out is free - the fees are paid by the pool.

hey doc  here is a blast from the past  your entire pool was 4.46TH 

circa June 2013

[DrHaribo]

Look at that. Mining on a Tahiti GPU. Beautiful. Those were the days

[in2tactics]

BLOCK! DaveyBC!

[ahmed04]

This pool use CPU or GPU ?

[in2tactics]

This pool use CPU or GPU ?

Try ASIC.

[DrHaribo]

There's always been many scams preying on Bitcoin users. In particular there is now one with a name similar to Bitminter, but with a .io rather than .com address. Many are getting scammed on that site and then coming over to bitminter.com to ask for help - but these two sites have nothing to do with each other.

In general be careful with "cloud mining"; those are usually scams.

It's useful to check up on a site's reputation before using it. One tool you can use is web-of-trust (mywot.com) and in particular their web browser plugin. It warns you when you visit scammy sites. In return you can help others by rating and commenting on websites. You can rate Bitminter at https://mywot.com/scorecard/bitminter.com

You can also google the name of the site plus the word "scam". If you have time, check closer on the site's history. Just by googling its name you can usually find people talking about it.

If you have any hints on how to see whether something is a scam, please leave a comment.

[in2tactics]

It looks like bitminter.io is down.

[DrHaribo]

It looks like bitminter.io is down.

Most of them, like that one, are just domain name squatters. There is one scamming a lot of people though. It has a name similar to, but not exactly, Bitminter.

Just make sure that if you want to use Bitminter, you are on bitminter.com

[DrHaribo]

Fee for "send coins" has been raised to 0.0009 BTC. That's under "my account" -> "send coins" in the website menu.
Bitcoin scaling is still at a stalemate and it keeps getting more expensive to move bitcoins.

Remember you can use auto cash out for free. You'll find it under "my account" -> "overview".

[raymonjohnstone]

Heya guys, I have been reading up on your pool here. I am wondering if anyone can give advice to a new bitcoin miner what is the bare minimum ignoring electricity that one might get into bitcoin pool mining with? And what miner would you have wanted to use when you where starting off? I ask this because I realise the distinct chance of blowing doe on a miner that really cannot compete...I don't have any desire to do that.

Thank you guys for any input at all

[DrHaribo]

What about a miner from canaan.io ? They have a higher price per GH/s than shop.bitmain.com but bitmain is always sold out. A more fair comparison is with the prices of bitmain resellers like eastshore.xyz - in this case canaan.io comes out cheaper (at the time I write this). Helping to balance out Bitmain's near-monopoly on mining hardware is a bonus. I haven't looked at the electricity usage of these two options though.

Another option is used miners. Maybe a used Antminer S7 from ebay can do the job?

Have a look at the price per GH/s of the two, and the electricity usage. In general slower machines are less profitable due to higher price per GH/s. Also older machines are less profitable due to higher electricity usage per GH/s. But if you get a good price on an S7, why not?

On a related note, since Bitmain is always sold out, which resellers can be trusted? Anyone have some experiences, good or bad?

[gt_addict]

I know Haggsfin has dealt with eastshore.xyz and said they were pretty decent. When i contacted them about miners a while ago they alwere prompt in there responses and very informative. That said I agree that bitmain has the monopoly and if i had the btc and didnt have to worry about electricty (which prevents me from mining on a decent scale) I would go for the new Canaan Avalon A721(?).

[DrHaribo]

Please help get segwit activated

Bitcoin is in a scaling crisis. Transaction fees are getting more and more costly. Companies are leaving bitcoin to build their services on alt coins instead. Many people, especially beginners, are struggling with unconfirmed transactions. New users get the impression that "bitcoin doesn't work". They are increasingly correct. The situation is hindering bitcoin adoption and doing long term damage to bitcoin.

If you want Bitcoin to succeed, here's what you can do:

1. Get more hashpower over on Bitminter and other pools that signal (vote to activate) segregated witness

2. Support BIP148 on your bitcoin node(s) - see http://www.uasf.co/

"I'm supporting Bitcoin Unlimited instead."
Understandable. There are several options for scaling. However, I think segwit has a much better chance of actually happening in the short term. We need scaling sooner rather than later. Please help get our head above water, then we can talk about how to get on land.

"I mine in a pool that doesn't support ANY scaling. I don't care."
So you own miners and bitcoins, but you go against your own economic interest by harming bitcoin. Please ask yourself what exactly you are trying to accomplish. Let me know what the answer is.

"What are these idiots doing?"
I tried to answer that here: https://bitcoin.stackexchange.com/questions/53814/incentives-for-segwit-vs-btu

"How do I see how segwit is doing?"
Have a look at http://segwit.co/
Yes, it looks bleak. Noone said it would be easy. But before we sell all our bitcoins and switch to alt coins, how about we put up one good fight?

[philipma1957]

Please help get segwit activated

Bitcoin is in a scaling crisis. Transaction fees are getting more and more costly. Companies are leaving bitcoin to build their services on alt coins instead. Many people, especially beginners, are struggling with unconfirmed transactions. New users get the impression that "bitcoin doesn't work". They are increasingly correct. The situation is hindering bitcoin adoption and doing long term damage to bitcoin.

If you want Bitcoin to succeed, here's what you can do:

1. Get more hashpower over on Bitminter and other pools that signal (vote to activate) segregated witness

2. Support BIP148 on your bitcoin node(s) - see http://www.uasf.co/

"I'm supporting Bitcoin Unlimited instead."
Understandable. There are several options for scaling. However, I think segwit has a much better chance of actually happening in the short term. We need scaling sooner rather than later. Please help get our head above water, then we can talk about how to get on land.

"I mine in a pool that doesn't support ANY scaling. I don't care."
So you own miners and bitcoins, but you go against your own economic interest by harming bitcoin. Please ask yourself what exactly you are trying to accomplish. Let me know what the answer is.

"What are these idiots doing?"
I tried to answer that here: https://bitcoin.stackexchange.com/questions/53814/incentives-for-segwit-vs-btu

"How do I see how segwit is doing?"
Have a look at http://segwit.co/
Yes, it looks bleak. Noone said it would be easy. But before we sell all our bitcoins and switch to alt coins, how about we put up one good fight?

  alt coins are almost 60%  of all the value of all crypto coins


http://coinmarketcap.com/

Market Cap: $87885033847 / 24h Vol: $4137767361 / BTC Dominance: 44.6%     or Alt coins 55.4%

Most of my mining income is from gpu's  not my s-9's and avalon 721's

whether segwit or bu  or something else is adopted fact is something must get done.

[in2tactics]

Please help get segwit activated

Bitcoin is in a scaling crisis. Transaction fees are getting more and more costly. Companies are leaving bitcoin to build their services on alt coins instead. Many people, especially beginners, are struggling with unconfirmed transactions. New users get the impression that "bitcoin doesn't work". They are increasingly correct. The situation is hindering bitcoin adoption and doing long term damage to bitcoin.

If you want Bitcoin to succeed, here's what you can do:

1. Get more hashpower over on Bitminter and other pools that signal (vote to activate) segregated witness

2. Support BIP148 on your bitcoin node(s) - see http://www.uasf.co/

"I'm supporting Bitcoin Unlimited instead."
Understandable. There are several options for scaling. However, I think segwit has a much better chance of actually happening in the short term. We need scaling sooner rather than later. Please help get our head above water, then we can talk about how to get on land.

"I mine in a pool that doesn't support ANY scaling. I don't care."
So you own miners and bitcoins, but you go against your own economic interest by harming bitcoin. Please ask yourself what exactly you are trying to accomplish. Let me know what the answer is.

"What are these idiots doing?"
I tried to answer that here: https://bitcoin.stackexchange.com/questions/53814/incentives-for-segwit-vs-btu

"How do I see how segwit is doing?"
Have a look at http://segwit.co/
Yes, it looks bleak. Noone said it would be easy. But before we sell all our bitcoins and switch to alt coins, how about we put up one good fight?

I completely understand your frustration, but in my opinion this problem has very little to do with miners not getting involved. This problem could have been easily solved a long time ago if the "core" development team did not have their heads shoved so far up their proverbial derrières. I will avoid the "what solution is best" argument simply because that is not the point I am trying to make. I honestly believe that until the folks over at "core" figure out what leadership is in practice or some other organization assumes the mantle, the scaling issue will continue to be an issue and nothing we say or do will carry any weight. Then again, I just might be a tad jaded.

[ilovetotalklots]

Please help get segwit activated

Bitcoin is in a scaling crisis. Transaction fees are getting more and more costly. Companies are leaving bitcoin to build their services on alt coins instead. Many people, especially beginners, are struggling with unconfirmed transactions. New users get the impression that "bitcoin doesn't work". They are increasingly correct. The situation is hindering bitcoin adoption and doing long term damage to bitcoin.

If you want Bitcoin to succeed, here's what you can do:

1. Get more hashpower over on Bitminter and other pools that signal (vote to activate) segregated witness

2. Support BIP148 on your bitcoin node(s) - see http://www.uasf.co/

"I'm supporting Bitcoin Unlimited instead."
Understandable. There are several options for scaling. However, I think segwit has a much better chance of actually happening in the short term. We need scaling sooner rather than later. Please help get our head above water, then we can talk about how to get on land.

"I mine in a pool that doesn't support ANY scaling. I don't care."
So you own miners and bitcoins, but you go against your own economic interest by harming bitcoin. Please ask yourself what exactly you are trying to accomplish. Let me know what the answer is.

"What are these idiots doing?"
I tried to answer that here: https://bitcoin.stackexchange.com/questions/53814/incentives-for-segwit-vs-btu

"How do I see how segwit is doing?"
Have a look at http://segwit.co/
Yes, it looks bleak. Noone said it would be easy. But before we sell all our bitcoins and switch to alt coins, how about we put up one good fight?

So Bitminter is FOR segwit. If you stay mining with Bitminter, you are supporting the FOR segwit soft fork. is this correct ?. Is there anything we need to do with the miners software.   Example im running bfgminer 5.4.2 on windows 10. Is there any command switches we need to set to enable the segwit ?.