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

[ChuckNZ]

A couple questions about BitMinter.  I'm a noobie in this arena, with 50 years experience in trading stocks, bonds, currencies, etc.  So, over my head at the moment (LOL).

Today, I'm only running at 6ghz, so not much action.   I will be up to 100ghz within the next week.  Still not much hashpower compared to many of you.

1.  Can I stop mining at any time without losing all of my hard work?

2.  I see that I haven't earned even the smallest fraction of a bitcoin after 24 hours.    Is this normal for 6ghz?   I have 120,000 accepted proofs of work.

3.  When I do see some earned bitcoins, is it going to be something like 0.00000001 or will the first posting be something like 0.00001000?

Thanks for your help and Happy New Year from downunder.

[1714139564]

1714139564

[1714139564]

1714139564

[1714139564]

1714139564

[1714139564]

1714139564

[1714139564]

1714139564

[traxor]

I'm not sure WHAT is going on with Bitminter...

I've hashed here for awhile now -- but the last couple of weeks have been awful HORRIBLE luck...

Not sure what other to say...

Best of luck...

[HerbPean]

I'm not sure WHAT is going on with Bitminter...

I've hashed here for awhile now -- but the last couple of weeks have been awful HORRIBLE luck...

Not sure what other to say...

Best of luck...

I'm sure we will hit a block soon enough. In the worst case, we go one more day... I hope

[ChuckNZ]

So, how much does "getting a block" earn us?

[DrHaribo]

Got a question, ever thought of adding Huntercoin to your merged mining options? The guy who developed MNC also help develop HUC its both sha256/scrypt merged mineable.

Huntercoin doesn't seem to make much sense to me. And namecoin can be bad enough. There's problems with the namecoin software. People complain that they want to mine bitcoin, not namecoin. Etc. etc. I sometimes wonder if having Namecoin is positive or negative for the pool. Yes, you earn a little more, but there are so many misunderstandings and technical issues. Not to mention every web wallet I have seen for namecoins are scams.

1.  Can I stop mining at any time without losing all of my hard work?

Your work is registered in shifts and doesn't disappear no matter what you do. When a block is found the work in the last 10 completed shifts gets paid.

There is no "ramp up" in PPLNS. This is a confusing point of view that makes people misunderstand the way it works. See it from the point of view of the work in the shifts, not the blocks. If you just look at the blocks and how much you got for each one then you will only confuse yourself.

There's often one easy and one difficult way to look at the same thing. In our solar system the movements of the planets are easy to understand from the point of view of the sun. It's harder from the point of view of the Earth.

2.  I see that I haven't earned even the smallest fraction of a bitcoin after 24 hours.    Is this normal for 6ghz?   I have 120,000 accepted proofs of work.

You get paid when blocks are found. Average time to find a block for us is around 41 hours now. Difficulty went up a lot lately. That's the average though - bitcoin mining is a bit like a lottery.

3.  When I do see some earned bitcoins, is it going to be something like 0.00000001 or will the first posting be something like 0.00001000?

Depends on how much of the work in the latest (when we find the block) 10 shifts was done by you. If you have 1% of the pool hashrate, then you get 1% of the block income.

There is some info on payouts here: https://bitcointalk.org/index.php?topic=27062.msg2769824#msg2769824

I'm not sure WHAT is going on with Bitminter...

It's bad luck. Average time to find a block 41 hours. Now we're at 144 hours. It happens. But luckily it can't rain every day.

[ChuckNZ]

Thanks DrHaribo,

I learned more from your comprehensive reply than I have in three days of scouring the net.   I'll keep looking through this forum for more useful information.

[traxor]

I do have one other question to ask regarding the "combined' alt-coin (Namecoin) mining...

I've read elsewhere -- that it REQUIRES the pool to mine on outdated software...

How can that NOT slow down the bitcoin mining???

Personally, I would PREFER an EFFICIENT pool to one that adds altcoins as glitz and glitter...

Just curious...

Thanks...

[DrHaribo]

I've read elsewhere -- that it REQUIRES the pool to mine on outdated software...

It's not true.

[Indianacoin]

I have few questions and recommendations towards Bitminter:

1. Is Bitminter going to introduce PPS mining (with subsequently high fees of course) in future? This will potentially help smaller miners with lower hashrates because they are getting confirmed payouts.

2. Is Bitminter going to add PPC (Peercoin) for merged SHA-256 mining in future? Because, NMC is currently dead now, considering its current price and overall trading volume w.r.t PPC. Also NMC has numerous issues with it's blockchain as discussed earlier and developers also abandoned it without fixing.

3. In case of merged mining (whether NMC or PPC), will they automatically convert altcoin to BTC in future? Because, I guess many miners will not hoard altcoins that are highly volatile. In fact, they are just dumping them after mining. So the question.

[DrHaribo]

I learned more from your comprehensive reply than I have in three days of scouring the net.   I'll keep looking through this forum for more useful information.

Awesome I have been answering the same questions for years, so I'm getting good at it

1. Is Bitminter going to introduce PPS mining (with subsequently high fees of course) in future? This will potentially help smaller miners with lower hashrates because they are getting confirmed payouts.

This is highly unlikely. PPS is extremely dangerous for a pool. It only takes a little bad luck and the pool is bankrupt. Most PPS pools already either went bankrupt or stopped offering PPS.

2. Is Bitminter going to add PPC (Peercoin) for merged SHA-256 mining in future? Because, NMC is currently dead now, considering its current price and overall trading volume w.r.t PPC. Also NMC has numerous issues with it's blockchain as discussed earlier and developers also abandoned it without fixing.

Peercoin does not support merged mining, so this is not possible.

3. In case of merged mining (whether NMC or PPC), will they automatically convert altcoin to BTC in future? Because, I guess many miners will not hoard altcoins that are highly volatile. In fact, they are just dumping them after mining. So the question.

This would be a possibility. My impression is that most people are just annoyed by the namecoins and want them removed. Autoselling might be one option.

[Fatman3001]

3. In case of merged mining (whether NMC or PPC), will they automatically convert altcoin to BTC in future? Because, I guess many miners will not hoard altcoins that are highly volatile. In fact, they are just dumping them after mining. So the question.

This would be a possibility. My impression is that most people are just annoyed by the namecoins and want them removed. Autoselling might be one option.

This service looks well suited:

https://shapeshift.io/#

If there is a way to automate that service poolside the pool would be supporting namecoin without inconveniencing those with no interest in holding nmc.

Just a thought.

[Icon]

.. And slush pool already auto converts nmc to btc


Icon

[lim_1]

Can you put some time labels for the luck graph and cumulative earnings?

[MilkandPie4U]

I like my namecoin and btc in separate payouts, dont change.

I expect this block to be broken soon!!

[Toll-Booth-Jim]

Hey everyone I am a newbie here but I'm catching on real quick, when I say newbie I mean to mining not just Bitminter.  So I have an AntMiner S1 which I've spent the last few days troubleshooting.  It's working for the most part now but only on the other pool I've tried (Slush's).  For some odd reason when it mines in this pool it keeps telling me that the connection to the pool gets interrupted every 15 to 30 min.  Does anyone know why this would be happening.  I have some other miners (much slower) which work fine with this pool, the S1 is the only one that has the issue.  Thanks for any help in advance. 

[DrHaribo]

Can you put some time labels for the luck graph and cumulative earnings?

It's on my list!

I like my namecoin and btc in separate payouts, dont change.

Thanks for letting me know.

it keeps telling me that the connection to the pool gets interrupted every 15 to 30 min.

Is it otherwise working and getting work accepted?

Could you try us2.bitminter.com:3333 and/or eu1.bitminter.com:3333 and see if those are more stable for you?

[Toll-Booth-Jim]

it keeps telling me that the connection to the pool gets interrupted every 15 to 30 min.

Is it otherwise working and getting work accepted?

Could you try us2.bitminter.com:3333 and/or eu1.bitminter.com:3333 and see if those are more stable for you?

[/quote]

Yea when it's not interrupted it works just as it should. 180 gh's.  But Atm I rebooted the system and made a few changes to my IP address and it's been working non-stop for around 8 hours now.  If it does however fail again I will surely try this other U.S. Server, Thanks a lot for the advice, I had no idea there were more than one servers. 

[Toll-Booth-Jim]

ok so using the port number 443 instead of 3333 is working much better for me, it ran for about 30 hrs straight without any issues.  The next time it does what it's been doing i'll put in one of those other servers and see if that helps also.

[DrHaribo]

That's odd. But at least it works now.

Oh and.. a big thanks to magus777 for being our savior today!

[Toll-Booth-Jim]

That's odd. But at least it works now.

Oh and.. a big thanks to magus777 for being our savior today!

Agreed, we really need to complete that block, what 8 days on one block meh...no big deal.