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Author Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01  (Read 324338 times)
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October 30, 2015, 06:33:53 AM
 #661

i setup my miners to bitminter pool for 3-4 months now...

just to share my experience, all perfect until now, no problems. i use google OpenId and always check my status of the workers minimum 3 times per day. i buy also new miners because of brake down some old ones and put them also here. overall experience 100% satisfied, i suggest to use this pool.
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October 30, 2015, 04:08:29 PM
 #662

I really like the idea of decentralise transaction verification

By the way, thanks for wanting to mine responsibly. Many miners these days don't even know why decentralization is important for bitcoin. Even fewer have noticed that China has over 60% of the hashpower and what a problem this could be.

Been away for a while, do you mean china in general has 60% or do you mean a few people in china have 60%?   I guess I should go look up Organ's thread too.




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October 30, 2015, 04:19:28 PM
 #663

I really like the idea of decentralise transaction verification

By the way, thanks for wanting to mine responsibly. Many miners these days don't even know why decentralization is important for bitcoin. Even fewer have noticed that China has over 60% of the hashpower and what a problem this could be.

Been away for a while, do you mean china in general has 60% or do you mean a few people in china have 60%?   I guess I should go look up Organ's thread too.

4 chinese pools have roughly 60% (Antpool, F2Pool, BTCC Pool and BW). If the chinese government decides to give them a call, like they did with exchanges in Dec 2013, then we have a problem. Actually, the mere fact that we currently have to trust the chinese government not to do this makes Bitcoin something less than the trustless decentralized network it's supposed to be.

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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November 02, 2015, 01:00:16 PM
 #664

why want to do this to the pools? just curious why a goverment want to call and speak with this pools...
with exchange i understand it but with pools?
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November 02, 2015, 02:15:11 PM
 #665

why want to do this to the pools? just curious why a goverment want to call and speak with this pools...
with exchange i understand it but with pools?

They may want some coins under the table so to speak.

The issue is not that the four biggest pools are in China .

The issue is almost every miner for retail sale comes from China.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 02, 2015, 02:22:51 PM
 #666

why want to do this to the pools? just curious why a goverment want to call and speak with this pools...
with exchange i understand it but with pools?

I think the most likely danger from bitcoin hashpower majority being within one country or legal area is transaction censorship. Maybe something like what the US government have done or still does today within the old financial systems. They have blocked payments to Wikileaks, Russian banks, etc. It would be foolish to assume that the Chinese are so much nicer than the Americans and would never do such a thing.

When you have hashpower majority you can simply orphan any blocks that contain transactions you don't approve of.

You can also double spend.

I suppose it might also be possible that a nation would want to do lots of double-spends to make transactions unreliable, if they wanted to destroy Bitcoin.

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November 02, 2015, 04:51:46 PM
 #667

why want to do this to the pools? just curious why a goverment want to call and speak with this pools...
with exchange i understand it but with pools?

They may want some coins under the table so to speak.

The issue is not that the four biggest pools are in China .

The issue is almost every miner for retail sale comes from China.

"we" created this situation for everything in the world of electronics and not only... Smiley of course not me and you but bigger wales.
let's remember butterfly labs that i personaly order 3 units of asic and reached my door 1 unit after 1,5 years!!!!!!!!and in reality steal me when refund me in $ when i cancelled my 2 orders but i paid in BTC and NOWHERE in terms was this describing that if you cancel you will be refuned in $. why i would ever in the world wanted again to order from US anything? of course will buy from China since every order reached my door with 3 days maximum delay...
this need to think: when we do business act like pro and not like amatures.
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November 03, 2015, 03:46:18 PM
 #668

With Spondoolies selling 110TH/s machines that consume 0.15W per GH/s only to large players, I really do not see how small miners are going to survive at all.   We are now dividing up about a block a day amongst us all.   If a minimum order is 15-20 machines (like the rumors say), each person that buys into Spons will be adding 1.7-2.2 PH/s all by themselves.   At some point the amount you receive gets so insignificant that you do not care.   I find it all kind of depressing.




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November 04, 2015, 09:18:50 PM
 #669

Some users are having problems connecting to the main mining server. We are now over on a backup server. If you were having problems connecting then it should work again now.

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November 09, 2015, 08:51:37 AM
 #670

With Spondoolies selling 110TH/s machines that consume 0.15W per GH/s only to large players, I really do not see how small miners are going to survive at all.   We are now dividing up about a block a day amongst us all.   If a minimum order is 15-20 machines (like the rumors say), each person that buys into Spons will be adding 1.7-2.2 PH/s all by themselves.   At some point the amount you receive gets so insignificant that you do not care.   I find it all kind of depressing.
I think Spondoolies is undermining the decentralisation aspect of BTC with this technology at this time under these terms.  Or am I to conservative? 
As their customer I let my opinion be known to them.  Anyway, in the very near future mining will only be for very big players I guess.
For me (14TH/s) I give it only 1 year of mining at most.   ( And I hope some luck will return to our pool Undecided )
Maby Ethereum is an alternative for those who are becoming to small for BTC.  If you still have some graphic cards left.
Ethereum is tested right now and has some promising features.
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November 13, 2015, 01:11:08 PM
 #671

4 in a row  Shocked Shocked Shocked Shocked
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November 13, 2015, 02:10:09 PM
 #672

4 in a row  Shocked Shocked Shocked Shocked

We hit the mother lode! Smiley

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November 14, 2015, 05:18:26 PM
 #673

I am mining with Antminer S4 for 12 hours and want to ask a  Silly question  : where I can see my earnings

I got in Account Overview  Balance  0

thanks for help
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November 14, 2015, 06:18:00 PM
 #674

I am mining with Antminer S4 for 12 hours and want to ask a  Silly question  : where I can see my earnings

I got in Account Overview  Balance  0

thanks for help


You get paid when blocks are found. For more details, look here: https://bitcointalk.org/index.php?topic=27062.msg2769824#msg2769824

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November 24, 2015, 07:18:06 PM
 #675

after a very lucky couple of days .........new difficulty seems to kick in...................o well lets keep it running and see what happens Wink
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November 25, 2015, 03:48:03 AM
 #676

after a very lucky couple of days .........new difficulty seems to kick in...................o well lets keep it running and see what happens Wink

If you mine it, blocks will come!! BTC   Grin

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November 25, 2015, 10:02:24 PM
 #677

Hello,
Am new to Bitcoin mining. Opened Bitminter account using my laptop. What else do I need to do in order to mine Bitcoins. Please help me in this regard.
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November 25, 2015, 10:25:31 PM
 #678

Hello,
Am new to Bitcoin mining. Opened Bitminter account using my laptop. What else do I need to do in order to mine Bitcoins. Please help me in this regard.

Welcome to bitminter!

What equipment are you planning to use to mine with?

Here is a copy and pasted getting started guide right off the webpage

Getting Started
1. Register

2. Connect your miners to stratum+tcp://mint.bitminter.com:3333

As user name put your Bitminter user name, an underscore, then a worker name, e.g. DrHaribo_1. There is no password check. You can put X or 123 as password.

If you have firewall issues try port 443 instead of 3333.

start bitminter client For some older USB-based ASICs we offer the easy-to-use Bitminter client. Click the engine start button to launch it. Requires updated Java. Read more in its forum thread.

3. Get a wallet to transfer your coins to. Make sure you secure your wallet.

Let us know if you have any more questions.

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November 25, 2015, 10:31:16 PM
 #679

Do I really need an equipment in order to mine bitcoins ?  I only have my laptop with an Internet connection.  Roll Eyes
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November 25, 2015, 10:39:19 PM
 #680

Do I really need an equipment in order to mine bitcoins ?  I only have my laptop with an Internet connection.  Roll Eyes

All you really need is a pen, paper and a calculator, and lots of time.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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