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Author Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01  (Read 324437 times)
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organofcorti
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January 21, 2016, 10:12:28 PM
 #761

I think 2 MB blocks are needed. I think Gavin Andresen and Jeff Garzik sounds like a dream team. I think Bitcoin Core has problems making decisions about anything.

We could get banned from Bitcointalk for even talking about this. There could be some serious DDoS attacks if we support Bitcoin Classic. Some people think that if it isn't Core then it isn't Bitcoin. They will call you an altcoin supporter and enemy of bitcoin, and they will do what they can to stop you.

On the other hand.. Bitcoin Classic appears to have support from over 50% of the hashrate and plenty of bitcoin services. Maybe it can succeed?


XT also appeared to have a lot of support, but not many of those who supported it actually created XT compatible blocks (eg KNC Miner). I'm not sure public support is a good a measure as eg making a coinbase statement to that effect.

It would be good way to get some feed-back from block makers about what they support, and I like this proposal regarding codifying coinbase voting: https://bitcointalk.org/index.php?topic=1335691.0


Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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startupbg
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January 29, 2016, 11:25:08 AM
 #762

does everybody get 0.0000000 btc earning for last 12 mining blocks?

I mailed support and olly get an answer next to the question.

I was mining 50houres at 10Ths plus and as they say its normal to no receive anything
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January 29, 2016, 01:31:17 PM
 #763

Nope. Everyone that mined got paid for the last 12 blocks. Shifts? Yes, nobody got paid for the last 12 shifts. Miners only get paid if the pool finds a block within the ~45 hr. pplns time frame. Chalk it up to bad luck.
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January 29, 2016, 03:50:46 PM
 #764

When a block is found the last 10 shifts get paid. Sometimes we find
blocks quickly and a shift gets paid many times. Sometimes it takes a
long time to find a block and some shifts don't get paid at all.

This evens out over time.

If you mine 24/7 you won't notice it. Having 1% of the hashrate gets you
1% of the mined coins. Which shifts you got paid through doesn't really
matter. If you get paid 0.1 BTC for work you did in the morning and 0
BTC for your work in the evening, that is essentially the same as
getting 0.05 BTC for the morning and 0.05 BTC for the evening. The end
result is the same, you got 0.1 BTC.

If you are a part time miner you will notice some variance. If you mine
one hour per day, you could get very lucky or very unlucky with the
payout. In the future I hope to increase the size of the shifts to even
this out more for part time miners. For now the shifts need to be short
so it doesn't take too long from you do some work until it is fully
paid. We can change this if we are able to increase our percentage of
the global hashrate in the future.

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January 30, 2016, 01:31:11 AM
 #765

well my question is why not store all shifts? Meaning pay that one  25 BTC divided by ALL the work done, not just by a select group of people who happened to mined during x amount of time.

Is it the lack of server/storage space?

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organofcorti
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January 30, 2016, 03:19:07 AM
 #766

well my question is why not store all shifts? Meaning pay that one  25 BTC divided by ALL the work done, not just by a select group of people who happened to mined during x amount of time.

Is it the lack of server/storage space?

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Thats a proportional reward method, one of the first reward methods used. However it's not used any more as it is proven to be exploitable.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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January 30, 2016, 12:50:04 PM
Last edit: January 30, 2016, 03:16:59 PM by gt_addict
 #767

Quick question. Is there a fee for every withdrawal of coins or is there a threshold when it becomes free to withdraw?

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January 30, 2016, 04:17:45 PM
 #768

Quick question. Is there a fee for every withdrawal of coins or is there a threshold when it becomes free to withdraw?

There are two ways to move coins out of your Bitminter account:

You can use auto cash out, under "my account" -> "overview" in the website menu. This will cash out every time your balance goes over the threshold and is free to use. Bitminter pays the transaction fees for you.

Or you can use "my account" -> "send coins" in the menu. There is a small fee, but the minimum amount is lower than the minimum amount required for the auto cash out threshold, so you can send tiny amounts this way. It's also a one-time thing and allows sending a specific amount instead of all the coins you have.

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January 30, 2016, 07:57:33 PM
 #769

That's great thanks Drharibo.

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not.you
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January 31, 2016, 04:02:10 AM
 #770

What's up with the website?  On live stats, difficulty keeps going to 1 and CDF to 99.99%.  It did this a little while ago and then corrected but now it is doing it again.
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February 03, 2016, 03:25:37 PM
 #771

Who's this startup guy that keeps blitzing my score with his 2ph? Lol

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Poloniex Matthew
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February 03, 2016, 03:48:33 PM
 #772

I haven't had any problems with it.
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February 03, 2016, 04:01:16 PM
 #773

Who's this startup guy that keeps blitzing my score with his 2ph? Lol
he left already....
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February 03, 2016, 04:12:00 PM
 #774

That's the second time he's come on and my score (although small) goes from 0.0170 to 0.0120. Not I'm
 Not earning much anyway but that's quite a sizeable part of it.

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krisgt30
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February 03, 2016, 04:15:45 PM
 #775

Saw him on last week as well when we had that 4 day block, figured it was someone just renting hash to solve the block.

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February 03, 2016, 08:04:44 PM
 #776

Don't worry about someone having a high hashrate. If they do some of the work then they get some of the coins. That's how it has to work. It doesn't mean they will get an unfair share or that you will lose any income.

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February 04, 2016, 04:37:01 AM
 #777

I have come to Bitminter and have about 5TH/s right now.  I was wondering if anyone has done a study as to the most profitable pool between Bitminter and CKPool?

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February 04, 2016, 09:01:04 PM
 #778

Aries, I have two S3's, one pointed at each pool. Basically because I started with Bitminter when I first got into mining using the brilliant client program DrHaribo had made and also because Kano and Ck pretty much made it possible for everyone to mine by creating cgminer.

Kano.is has more blocks per given time (at the moment) but due to the high pool hashrate I get a minimal sum from each one. Bitminter has a few blocks every so often and I get a better share but due to the gap between blocks it works out near enough the same per day.

That's just my findings though with my 940ghs/avg. Needless to say I wont be going to any other pools as I'm quite happy with both  Smiley

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February 04, 2016, 09:18:35 PM
 #779

Aries, I have two S3's, one pointed at each pool. Basically because I started with Bitminter when I first got into mining using the brilliant client program DrHaribo had made and also because Kano and Ck pretty much made it possible for everyone to mine by creating cgminer.

Kano.is has more blocks per given time (at the moment) but due to the high pool hashrate I get a minimal sum from each one. Bitminter has a few blocks every so often and I get a better share but due to the gap between blocks it works out near enough the same per day.

That's just my findings though with my 940ghs/avg. Needless to say I wont be going to any other pools as I'm quite happy with both  Smiley

Great simple explanation ! ;-)
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February 06, 2016, 03:53:09 PM
 #780

Other than Prepay Perk, are there any other Perks that add to profit?  Does Easy Mode produce a higher profit?

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