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

[gt_addict]

Well big player "chet" finally got a block. Shame my percentage has taken a massive hit and will take ages to recover. Hopefully he managed to get a decent profit though lol

[MrZipster]

Out of sheer, sheer boredom, I thought I'd see how much electricity my miners chewed through - 4x S9/T9's..

Here in the UK, quick Google sees electricity from a popular supplier is £0.12205 per kw/h. 1x Antminer likes to eat 1.654kw.

So cost per hour = 0.12205 x 1.654 = £0.201..
Cost per day, multiply that by 24 = £4.844..
Cost per month, multiply that by 365.25/12 = £147.466..
Cost per year, multiply that by 12 = £1,769.598..
And multiply by 4 miners = £7,078.39..

The 4 miners have me at 50 or so Thps.

Mr chetminingco, who's hashing 330x more than that, would have an electricity bill of £2.34m if he were hashing here (assuming S9's/T9's).

I doubt very much they are - I would think more likely some places pay way less than the UK for electricity!

Mind on the last block, I think when I looked they made about half a million (US), so must be worth it for them at the current BTC value.

[gt_addict]

Out of sheer, sheer boredom, I thought I'd see how much electricity my miners chewed through - 4x S9/T9's..

Here in the UK, quick Google sees electricity from a popular supplier is £0.12205 per kw/h. 1x Antminer likes to eat 1.654kw.

So cost per hour = 0.12205 x 1.654 = £0.201..
Cost per day, multiply that by 24 = £4.844..
Cost per month, multiply that by 365.25/12 = £147.466..
Cost per year, multiply that by 12 = £1,769.598..
And multiply by 4 miners = £7,078.39..

The 4 miners have me at 50 or so Thps.

Mr chetminingco, who's hashing 330x more than that, would have an electricity bill of £2.34m if he were hashing here (assuming S9's/T9's).

I doubt very much they are - I would think more likely some places pay way less than the UK for electricity!

Mind on the last block, I think when I looked they made about half a million (US), so must be worth it for them at the current BTC value.

And that electricity price is cheap for the UK. Essex is £0.16 which makes things even worse. Hence why I only have Gekkos (and hopefully soon an R606) on my desk.

If they are making it work then good for them. Just a shame they have come to the "home of the small miner" lol.

[MrZipster]

Some world class willy-waving going on in the pool today - chetjstojanovich1 at 2.5Phps :-D

That's a big willy.

[MrZipster]

Some world class willy-waving going on in the pool today - chetjstojanovich1 at 2.5Phps :-D

That's a big willy.

For those not impressed by his 2.5Phps willy, he returned later with twice that (spread over three names) to finish the job off.

At this rate the "Computational Power" box will need making bigger, and the poor dial will need replacing. I'm not sure it can handle the strain.

[gt_addict]

He's Back!! Just when I thought my percentage was going to return to normal 

[DrHaribo]

Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over the years.

[gt_addict]

Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over the years.

More than welcome. Best pool there is for us hobby miners 

[bigolin]

Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over the years.

Thanks for all you've done Doc. I have missed being here. I couldn't afford to keep my S9's rolling at a loss with the drop in price of bitcoin over the last year. If things keep up, I'll probably be back on BitMinter this weekend with my 4 S9's. I couldn't sell those things to save my life and still have no one interested so I may as well fire them up and keep stockpiling the bitcoin before the halvening.

Hope to see you all soon and get back involved here! I miss working with you behind the scenes a little Doc.

[NotFuzzyWarm]

Ahem, ya know you folks found a block today right? Height 583257 2019-07-01 02:42    18d 16h    3,008,619,595,712    7,934,713,219,630    31.6%    8,009.2    chetjstojanovich
Just sayin' 'ding-dong' to wake up the folks here  

[gt_addict]

Ahem, ya know you folks found a block today right? Height 583257 2019-07-01 02:42    18d 16h    3,008,619,595,712    7,934,713,219,630    31.6%    8,009.2    chetjstojanovich
Just sayin' 'ding-dong' to wake up the folks here  

Thanks Fuzzy. To be honest I rarely check in to the pool. Aslong as my instance of cgminer is running well I just let it do its thing. It is nice to get an email saying ive received a surprise payment into my wallet though, but im waaaaay off the payment threshold yet   

[o_solo_miner]

Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over the years.

And Thank you for keeping that all running after that time!
(You where my first pool I started mining with, because of your "beginer friendly" software that you provided)

I hope all the best for next upcomming years!

[bigolin]

Yet another block from Chet! I think we need to reach out to ol' Chet and make sure he knows the extra hash is appreciated as it speeds up the variance process for sure. Great luck is one thing, but even on shit blocks we'll move quicker. Thanks a million Chet and thanks everyone else that has been and continues to mine with the best pool...BitMinter!

583558   2019-07-03 03:14   2d 0h   1,196,982,206,336   7,934,713,219,630   14.0%   29,427.9   chetjstojanovich   

[gt_addict]

Chet is on a roll. Another block!!

[MrZipster]

Chet has knackered the "Computational Power" box - perhaps he could donate some coins for a new one!

Power just there now was 365,805 Thps, but the CP box could only fit 65,805 on its screen! :-(

Nice to have banged through a 58%'er in 10 days, and already be 14.2% on with the next!

[gt_addict]

Chet has knackered the "Computational Power" box - perhaps he could donate some coins for a new one!

Power just there now was 365,805 Thps, but the CP box could only fit 65,805 on its screen! :-(

Nice to have banged through a 58%'er in 10 days, and already be 14.2% on with the next!

If he can get them a bit faster it may well make up for the massive hit in share percentage I've lost since he started mining here.

[MrZipster]

Ya, that last payment was 2.5-3 times less what I'd had the two before.
But I suppose we've rattled through three blocks in just a couple of weeks.
Will the payments not balance out - less BTC but more frequent?
At the lower hash rate it was sometimes painful.. Particularly that 8th Sept to 21st Jan dry spell :-(

[gt_addict]

Ya, that last payment was 2.5-3 times less what I'd had the two before.
But I suppose we've rattled through three blocks in just a couple of weeks.
Will the payments not balance out - less BTC but more frequent?
At the lower hash rate it was sometimes painful.. Particularly that 8th Sept to 21st Jan dry spell :-(

Yea thats what I mean, if we can get through them one per week at least it will certainly keep things balanced

[OldSchoolCPU]

Seems like "Chet" has a few "friends" that "shift hopping"........causing all the lower hash rate miners( <100TH) lose some off their percentages for the current shift.
Makes one wonder just where they are getting their hash power. And why they all seem to join/login at the same time.....
Just saying.............

[MrZipster]

Seems like "Chet" has a few "friends" that "shift hopping"........causing all the lower hash rate miners( <100TH) lose some off their percentages for the current shift.
Makes one wonder just where they are getting their hash power. And why they all seem to join/login at the same time.....
Just saying.............

No doubt they've a method when to come/go, and how much work to do, to maximise profits..
Don't know enough about how the shifts etc work to have a guess at what that is, but if they're following the rules I suppose they aren't breaking them!