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Author Topic: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards  (Read 308353 times)
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AlexSDC
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May 01, 2018, 08:25:09 PM
 #1601

YAY!! Got my second GekkoScience 2PAC USB miner and now I finally made the list of "Fastest Users" at 332 place Smiley Now mining at 33 G/Hs combined with the two GekkoScience and one U2 Antminer. Smiley Love the Bitminter Website!

Question: When I get enough ALTCOINS to transfer to myself. What Wallet do I send them to??  Thank You and Happy Mining! 
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DrHaribo
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May 02, 2018, 07:52:19 AM
 #1602

There is a namecoin wallet at https://namecoin.org/download/
You can also send namecoins directly to an exchange to sell them.

There are some web wallets for namecoin that are scams. So be careful.
If anyone knows a good namecoin wallet other than namecoin core, feel free to chime in.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
MrZipster
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May 15, 2018, 11:07:31 PM
 #1603

We seem to be having a real though time in the bitcoin world at the moment! :-(

A VERY rough calculation from a dump into Excel reckons 2017 made 9 times more per month on average over 2018.

We had 2 payouts by Jan 2017, but it took until mid-April for the same this year.

Anyone else feeling unloved by the BTC gods??
rifleman74
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May 15, 2018, 11:10:10 PM
 #1604

We seem to be having a real though time in the bitcoin world at the moment! :-(

A VERY rough calculation from a dump into Excel reckons 2017 made 9 times more per month on average over 2018.

We had 2 payouts by Jan 2017, but it took until mid-April for the same this year.

Anyone else feeling unloved by the BTC gods??

Unfortunately, smaller pools are going to be left aside more and more as difficulty keeps rising.  Your luck has to be very very good.
Mikestang
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May 16, 2018, 04:30:19 PM
 #1605

When I started mining the difficulty was just over 30M, now it tops 4T.  I enjoy the increase value of the coin, but yea the difficulty makes small-time mining all but non-existent.
rifleman74
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May 16, 2018, 05:53:52 PM
 #1606

When I started mining the difficulty was just over 30M, now it tops 4T.  I enjoy the increase value of the coin, but yea the difficulty makes small-time mining all but non-existent.

You have to keep up with the difficulty to remain relevant.   Otherwise, it would take an extremely high amount of luck to make up for it. 
bigolin
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May 17, 2018, 06:20:49 PM
 #1607

NICE BLOCK bham13

I know it's been a long few blocks, but the luck turns NOW!

Glad to see us in the green again for this block  Grin

Come on double block!
philipma1957
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May 18, 2018, 07:29:45 PM
 #1608

yeah  I got some coin for this one nice.

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.
longman77
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May 23, 2018, 11:08:15 AM
 #1609

Coins earned question???

Someone who mines 24/7 and has a mostly stable hash rate - How many coins did you earn from one of the last blocks found and what was your hash rate.

I see in the top 50 active miners it looks like a fair number of people are running maybe one S9 (hash rate shows as around 14). Assuming your machine runs most of the time what amount of coins did you get when the last block was found?

I am looking to see what a constant on S9 might earn when a new block is found and yes I know there are variables but just looking for an approx idea.
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May 23, 2018, 03:38:34 PM
 #1610

Coins earned question???

Someone who mines 24/7 and has a mostly stable hash rate - How many coins did you earn from one of the last blocks found and what was your hash rate.

I see in the top 50 active miners it looks like a fair number of people are running maybe one S9 (hash rate shows as around 14). Assuming your machine runs most of the time what amount of coins did you get when the last block was found?

I am looking to see what a constant on S9 might earn when a new block is found and yes I know there are variables but just looking for an approx idea.

can't be answered variables are complex.

but here goes

if you mine it for 30 days in a row you will be full share.

and that varies a lot.  So pretend the pool hash rate is such that my 30 number is correct.

at the 30 day point if pool hits a block you would roughly get 0.02 btc

but earlier then that 30 day point  you get say on day 15

15/30 x 0.02 = 0.01 btc

so the pools average hash rate
the networks difficulty  

determine how many days for a full share   a full share is all ten shifts you mined for 24/7


look on the full stats page

Time........    Thps     Your Thps     Your score

05/19____    6,002
05/15____    8,407
05/13____    7,784
05/10____   10,886 ....... Big hash rate took 2 days
05/08____    4,916
05/04____   4,530
04/30____   10,334   
04/28____      3,043  ........Small hash rate took a week
04/21_____    5,648
04/18____   15,377

about 30 days  pool hash rate is a big varible in 10 shift time period



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.
longman77
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May 25, 2018, 11:48:10 AM
 #1611

Thanks for the info. Just what I was looking for.

With consideration for variables this data is close enough.
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May 27, 2018, 08:02:01 PM
 #1612

Coins earned question???

Someone who mines 24/7 and has a mostly stable hash rate - How many coins did you earn from one of the last blocks found and what was your hash rate.

I see in the top 50 active miners it looks like a fair number of people are running maybe one S9 (hash rate shows as around 14). Assuming your machine runs most of the time what amount of coins did you get when the last block was found?

I am looking to see what a constant on S9 might earn when a new block is found and yes I know there are variables but just looking for an approx idea.

can't be answered variables are complex.

but here goes

if you mine it for 30 days in a row you will be full share.

and that varies a lot.  So pretend the pool hash rate is such that my 30 number is correct.

at the 30 day point if pool hits a block you would roughly get 0.02 btc

but earlier then that 30 day point  you get say on day 15

15/30 x 0.02 = 0.01 btc

so the pools average hash rate
the networks difficulty  

determine how many days for a full share   a full share is all ten shifts you mined for 24/7


look on the full stats page

Time........    Thps     Your Thps     Your score

05/19____    6,002
05/15____    8,407
05/13____    7,784
05/10____   10,886 ....... Big hash rate took 2 days
05/08____    4,916
05/04____   4,530
04/30____   10,334   
04/28____      3,043  ........Small hash rate took a week
04/21_____    5,648
04/18____   15,377

about 30 days  pool hash rate is a big varible in 10 shift time period




thanks philipma1957, great sumation. am running 3 s9s one with one bad board, another T9 also with a bad board, and 3 s7s one of which has a bad board also. Cry
my average generally runs from 53 to 67 TH and I generally reboot at lesast once, sometimes twice per day. Just to give another Idea.

just ordered two of the new *13* s9s to add
Come.
On.
Blocks!
Maruf6213
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June 02, 2018, 05:45:50 AM
 #1613

Nice block but There are some web wallets for namecoin that are scams.
If anyone knows a good namecoin wallet other than namecoin core, feel free to chime in.
philipma1957
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June 02, 2018, 03:53:32 PM
 #1614

Nice block but There are some web wallets for namecoin that are scams.
If anyone knows a good namecoin wallet other than namecoin core, feel free to chime in.

use the exchange polinex

this is what I do.

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.
jhartbarger
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June 03, 2018, 06:26:45 PM
 #1615

I just pointed 110TH at biminter and gonna let it run for 10 shifts and see what happens.
natevw
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June 08, 2018, 02:17:10 AM
 #1616

I'm a little confused by the blocks vs. shifts status right now.

The last BTC block found was at height 523142 on 2018-05-17. But there are many shifts before that (2018-05-08 19:22, 2018-05-10 15:27, 2018-05-13 06:47, 2018-05-15 17:37) that are still showing in the list as "still eligible for pay".

Is this a side-effect of the PPLNS algorithm in the lucky case? Unfortunately most of my experience so far on this pool has been with high-CDF blocks where it takes say 18 shifts to snag a block, and so 8 of them get no pay. That makes sense (LOTS OF cents…less than I'd hoped to get out of my S9 in 2018 ;-)

But what happens if a block only takes say 4 shifts after the previous block and its payout? Is the reward divided between those 4 shifts, or do 6 shifts before that get rewarded a second time, or what?

Nothing I can think of quite explains why the shifts between May 8 and May 18 are still "eligible" rather than having been rewarded by the May 17 block.
philipma1957
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June 08, 2018, 02:26:23 AM
 #1617

I'm a little confused by the blocks vs. shifts status right now.

The last BTC block found was at height 523142 on 2018-05-17. But there are many shifts before that (2018-05-08 19:22, 2018-05-10 15:27, 2018-05-13 06:47, 2018-05-15 17:37) that are still showing in the list as "still eligible for pay".

Is this a side-effect of the PPLNS algorithm in the lucky case? Unfortunately most of my experience so far on this pool has been with high-CDF blocks where it takes say 18 shifts to snag a block, and so 8 of them get no pay. That makes sense (LOTS OF cents…less than I'd hoped to get out of my S9 in 2018 ;-)

But what happens if a block only takes say 4 shifts after the previous block and its payout? Is the reward divided between those 4 shifts, or do 6 shifts before that get rewarded a second time, or what?

Nothing I can think of quite explains why the shifts between May 8 and May 18 are still "eligible" rather than having been rewarded by the May 17 block.

All ten shifts get paid.  So if you hit blocks quickly you can collect multiple times on the current ten shifts.

As time passes the oldest shift drops getting replaced by a new shift.

So say shifts are

A
B
C
D
E
F
G
H
I
J. Are live and a block comes in.  All of them get paid.  

First block hit

In a day. A drops off and K comes in


B
C
D
E
F
G
H
I
J
K

Say a block hits then.

  Second block hit

pretty quick  shifts B to K all get paid.  


Say one minute later while still on shifts B to K another block hits.

Third block hit
  Same shifts B to K get paid again.

Then a long dry spell comes and B to I drop. And we are at

J
K
L
M
N
O
P
Q
R
S

We hit a block all of the above are paid

Fourth block hit

And my example above shows shift J being paid for four blocks

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.
REAL.leoinker
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June 19, 2018, 01:36:39 PM
 #1618

How long to BTC withdrawals take? It says on site it should only take a few minutes, but it's been nearly a day. I wasn't given any transaction ID, nor did I receive a confirmation email.
Status just shows "Pending"
DrHaribo
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June 21, 2018, 08:47:52 AM
 #1619

How long to BTC withdrawals take? It says on site it should only take a few minutes, but it's been nearly a day. I wasn't given any transaction ID, nor did I receive a confirmation email.
Status just shows "Pending"

Please use the contact form on the website or email support@bitminter.com about this. Make sure your user name is included.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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June 21, 2018, 11:28:06 AM
 #1620

Good day, I'm in South Africa, I will be joining bitminter mining in the very very near future.
I would really like to interact with other South Africans that are mining with bitminter. Please... Thank you
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