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Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
Doc,
My shifts start out good and stay that way for a day or two then they start to drop off and become erratic. Should I be restarting the client or PC every so often? I did notice you have options to automate certain things in the Bitminter client, is that something I should be using?
Thanks,
Bill
Look at your average hashrates per shift. Those are more accurate since they are estimated for a whole shift, not just a couple minutes of mining.
https://bitminter.com/shifts
These hashrate estimates you see on the website only count accepted work. If you have a lot of rejected work and/or hardware errors (miscalculations) then that will affect the results.
My shifts start out good and stay that way for a day or two then they start to drop off and become erratic. Should I be restarting the client or PC every so often? I did notice you have options to automate certain things in the Bitminter client, is that something I should be using?
Thanks,
Bill
I have one client machine that runs constantly between 125-135ghs and another machine that runs between 4-5ghs yet I never see anything above 125ghs combined through the web site. I usually see 110-115 and sometimes in the 90s. Is there any explanation for this or am I missing something?
Look at your average hashrates per shift. Those are more accurate since they are estimated for a whole shift, not just a couple minutes of mining.
https://bitminter.com/shifts
These hashrate estimates you see on the website only count accepted work. If you have a lot of rejected work and/or hardware errors (miscalculations) then that will affect the results.
Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
Doc,
I have one client machine that runs constantly between 125-135ghs and another machine that runs between 4-5ghs yet I never see anything above 125ghs combined through the web site. I usually see 110-115 and sometimes in the 90s. Is there any explanation for this or am I missing something?
Thanks,
Bill
I have one client machine that runs constantly between 125-135ghs and another machine that runs between 4-5ghs yet I never see anything above 125ghs combined through the web site. I usually see 110-115 and sometimes in the 90s. Is there any explanation for this or am I missing something?
Thanks,
Bill
Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
Could someone explain why I'm seeing around 1.24% rejected proofs of work on the live stats page? What causes this and what can I do to reduce this number?
Thanks,
Bill
Thanks,
Bill
Re: [425 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
Hey Doc,
Where can I find a explanation on worker settings. I just turned on the notification if one of my workers goes below a certain threshold but I see other settings in there and don't really understand them.
Thanks,
Bill
Where can I find a explanation on worker settings. I just turned on the notification if one of my workers goes below a certain threshold but I see other settings in there and don't really understand them.
Thanks,
Bill
) and love the way you run the company. I have a quick question. I was looking at Litecoin and saw a fund LTC-DMF; is that you running this fund?Its really no different then people buying a bunch of video cards a while back. I know there are a bunch of differences between GPU's and Erupters but they really are the GPU's of modern mining.
Bill
Bill
+1
Am I missing something here?
Three days ago everything is going along swimmingly, then suddenly the SEC comes down on pirateat40 for scamming people out of millions of USD using Bitcoins. Now we have all of this doom and gloom, sky is falling, gov't out of control stuff going on. Pirateat40 knowingly and willfully ran a Ponzi from the jump. His express purpose was to rip people off. Any time you scam millions of dollars through some sort of investment the SEC will come after you.
I can respect that creativex is covering his ass and all, but wow. I don't see any evidence the gov't is out there guns ablazin' to take down these small time exchanges or mining contract operators. By all means, make sure you have your ducks in a row, but the impending doom talk is an overreaction.
I think...
1) Many here overestimate the effect of news announcements. This IMO is largely because they see large movements in the share price of companies that have very little actual results to proclaim. This does not include us and our daily dividend payouts are showing up everyday on the same screen that many are getting their news from...no spam needed. One needn't be adept at math to compare our yield to our competitors. Despite the fact that btct.co software is slow to show increases in yield it's still obvious to anyone where the payouts are even at a casual glance. I updated the front page days ago and I update the spreadsheet daily to reflect our current status. Btct.co links directly to both. All this said, I will work on a detailed news post to explain clearly where we stand. As many have already received their batch 3 Avalons, I've been hoping to include that in my next update...particularly as it would push our hash rate over 1Th/s.
2 - 3) I spoke with a corporate attorney yesterday about my personal risk profile. While I'm not at liberty to discuss the specifics of that conversation at this time, I will say simply that I'm seeking additional informed legal opinions before I make a decision. Managing this virtual company is not now nor has it ever been intended to be the job that puts bread on my table. I'm a family man with a career. I'll not be relocating to another country to protect a virtual company from a government that's plainly out of control. Compliance is difficult and expensive by design.
1) Many here overestimate the effect of news announcements. This IMO is largely because they see large movements in the share price of companies that have very little actual results to proclaim. This does not include us and our daily dividend payouts are showing up everyday on the same screen that many are getting their news from...no spam needed. One needn't be adept at math to compare our yield to our competitors. Despite the fact that btct.co software is slow to show increases in yield it's still obvious to anyone where the payouts are even at a casual glance. I updated the front page days ago and I update the spreadsheet daily to reflect our current status. Btct.co links directly to both. All this said, I will work on a detailed news post to explain clearly where we stand. As many have already received their batch 3 Avalons, I've been hoping to include that in my next update...particularly as it would push our hash rate over 1Th/s.
2 - 3) I spoke with a corporate attorney yesterday about my personal risk profile. While I'm not at liberty to discuss the specifics of that conversation at this time, I will say simply that I'm seeking additional informed legal opinions before I make a decision. Managing this virtual company is not now nor has it ever been intended to be the job that puts bread on my table. I'm a family man with a career. I'll not be relocating to another country to protect a virtual company from a government that's plainly out of control. Compliance is difficult and expensive by design.
Am I missing something here?
Three days ago everything is going along swimmingly, then suddenly the SEC comes down on pirateat40 for scamming people out of millions of USD using Bitcoins. Now we have all of this doom and gloom, sky is falling, gov't out of control stuff going on. Pirateat40 knowingly and willfully ran a Ponzi from the jump. His express purpose was to rip people off. Any time you scam millions of dollars through some sort of investment the SEC will come after you.
I can respect that creativex is covering his ass and all, but wow. I don't see any evidence the gov't is out there guns ablazin' to take down these small time exchanges or mining contract operators. By all means, make sure you have your ducks in a row, but the impending doom talk is an overreaction.
