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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 10/12/2014, 22:21:20 UTC
Dec. 9 is the one year anniversary of receiving my KNC Jupiter.  Difficulty has gone from 707M to 40G.  My expected earnings have gone from over 3 BTC a week to barely .25BTC per month.  Been with Bitminter for the entire time (excluding a couple of days of testing early on).  My thanks to the Doctor.  Just felt I needed to mark the occasion.

Aaron

That's absolutely awesome! Congrats! 

I too, just crossed my 1 year anniversary on BitMinter, back on Nov 25th. My first shift completed was at 2.3 Ghps. I was absolutely thrilled (and using the BitMinter client for my Block Erupters). I'm now up to 1160 Ghps -- and lurking around #250 overall. I incrementally added (and later removed) a Jalepeno, a couple of Cubes as well as two S1's, followed by an S3, upgrades for the S1's.  I've mined over 5 BTC during this time and BitMinter is the ONLY pool I've ever mined in.  It's been great!  Not a huge operation nor particularly profitable, but it is fun, nonetheless (I have really cheap rural electricity which helps).

I also have made over 100 LiteCoins in about 5 months + all of the merged mining coins that go with that, too. 

-- Bill

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Re: How do you prefer to log in?
by
bcm2013
on 09/12/2014, 04:06:50 UTC
I prefer OpenID with Google.  I have Google set up to provide an SMS 2FA, if I am logging in from s new device.  This is quite convenient as I log in on multiple devices (iPhone, iPad and desktop) multiple times per day.  All of my devices are heavily secured as well.
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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 22/10/2014, 02:24:37 UTC
Doc I might be the only one here but can we have FUTURE say TOTAL instead as that is what it is.  It is the confirmed and the unconfirmed added together.  I just think people would easily look at that and think that is what they are going to be paid in the future when it is a total of what they have mined and will be paid.

If i'm wrong then leave it.

Also if we can still see how much we earn/block somewhere that would be good.  Seeings we hit 2 blocks in such a short time I can't see what I earned for each.  I also rented a bunch of miners to help me and I use these payouts to justify what I put back in.

again this might be just me...

Fahlcor

I think that is the currently removed "estimated pay per block" that several of us would like to have returned to a stats page may be what you are referring to. This number estimated what your pay would be for the next found block, based on your score across the last 10 shifts, regardless of whether that block was found in 3 minutes or 3 days.

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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 18/10/2014, 19:47:20 UTC

What should be on the page after login?

To anyone using Bitminter: after you log in what do you most often need? Not necessarily exact numbers or buttons, but what you'd use them for.

I like what cenicsoft had said as well.

For me, when I log in, I typically go to two areas... The main account page, where I would reference the "expected pay per block" and the live stats.  As I noted previously, that is a single number that gave me a snapshot of how things were going for me, relative to the pool hash rate, based on my own hash rate, over the last 10 shifts.

If it is confusing to some people, I'm not sure how; however, for me, it was very useful.  Nowadays, with big hash rates coming and going, individual miner scores may vary from shift to shift, so this gives a one number snapshot of my status.  Also, is I add or modify my equipment, I get an idea of my FUTURE earnings in Bitcoin, based on the current pool hash rate.  

Transaction history only tells me what has already happened. If we are in the middle of a difficult block, as the pool hash rate goes up and down, I have to look at my scores the latest 10 shifts to estimate that number.

If you think it should be an optional setting to bring this back, I would support that, but please reconsider bringing this value back.  

I'm still assessing as to whether the changes to shift history is useful for me. It's okay, but not thrilling for me.

As for shift length, I like the shorter shifts.  12-14 hours per shift was just getting too long...

A graphic of each miner's hash rate over the last 10 shifts would be useful with a precision of 1 minute. Where I mine for LiteCoin has that (give-me-coins) over last 24 hours and they do provide a "Round estimate" value which is similar to be expected per block!😉

Finally, something to think about might be to ultimately use responsive UI design for the website... I'm sure many of use smartphones and tablets to view stats on bitminter.com.  But I would consider that a lower priority as it does look fine on my iPhone and iPad.


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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 14/10/2014, 19:01:37 UTC
For me, it was a near real-time snapshot of the health of my mining hash rate vs. the pool hash rate. 

It may take some getting used to, but can you try looking at the shifts page for this?

It shows your average hash rate in the latest shifts, and this is what the "pay per block" estimate was based on. Sure, it's 10 numbers instead of 1. But it also tells you roughly when there was a problem if you had some downtime. This is your mining health in the pool. The shifts page also shows the pool hashrate, although I think that is less useful as it doesn't affect your average earnings, only the variance.

Ok, you make a good point as to noting WHEN I may have had some downtime on a shift basis. I'll focus on that for a while... [still the one number WAS nice, but truth be told, I CAN convert my "score" to a similar snapshot!]

Just an FYI, as I live in a rural area, my "home" Internet service is actually Verizon LTE (a USB modem connected to a Cradlepoint router), so from time to time, it will "drop" -- but it is surprisingly good 95% of the time.  For those of you who are wondering, my only other alternative is satellite - a non-starter due to the latency issues.  I have multiple ASICs for BitCoin and LiteCoin as well as bevy of iPads, iPhones, desktops, and laptops as well as other home automation, IP cameras, and other devices all connected -- and I manage on a 40G plan (yes, I sometimes exceed that).

So, even though I'm 24x7 mining on BitMinter, 99% of the time my downtime is connectivity related.
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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 14/10/2014, 18:14:40 UTC
Could someone explain what the heck I'm looking at here?  Why the "?"s, and why the zero payments for a lot of shifts?

Completed   Duration   Difficulty   Pay/Hour at 1 TH/s   Total Thps   Your Ghps   Your work
2014-10-14 12:23   3h 14m   35,002,482,026   ?   1,292.4   1,887.9   5,128,256
2014-10-14 09:09   3h 11m   35,002,482,026   ?   1,313.7   1,934.0   5,162,304
2014-10-14 05:57   3h 09m   35,002,482,026   ?   1,322.9   1,908.9   5,058,240
2014-10-14 02:47   3h 14m   35,002,482,026   ?   1,285.7   1,810.6   4,931,904
2014-10-13 23:32   3h 17m   35,002,482,026   ?   1,270.1   917.9   2,534,532
2014-10-13 20:14   3h 13m   35,002,482,026   ?   1,294.7   422.4   1,142,400
2014-10-13 17:00   3h 14m   35,002,482,026   ?   1,293.7   1,768.8   4,799,488
2014-10-13 13:45   3h 16m   35,002,482,026   ?   1,281.6   1,924.8   5,274,176
2014-10-13 10:28   3h 14m   35,002,482,026   ?   1,291.7   1,956.5   5,305,088
2014-10-13 07:14   3h 12m   35,002,482,026   ?   1,305.0   2,123.9   5,698,752
2014-10-13 04:01   3h 10m   35,002,482,026   0.00000000   1,320.9   2,050.5   5,448,896
2014-10-13 00:50   3h 10m   35,002,482,026   0.00000000   1,318.5   2,110.8   5,606,464
2014-10-12 21:40   3h 10m   35,002,482,026   0.00000000   1,318.1   1,622.0   4,307,568
2014-10-12 18:29   3h 08m   35,002,482,026   0.00000000   1,332.6   2,088.6   5,488,704
2014-10-12 15:20   3h 11m   35,002,482,026   0.00000000   1,310.5   2,104.7   5,625,740
2014-10-12 12:09   3h 13m   35,002,482,026   0.00000000   1,300.1   2,130.1   5,752,512
2014-10-12 08:55   3h 12m   35,002,482,026   0.00059286   1,299.0   2,124.2   5,726,848
2014-10-12 05:42   3h 15m   35,002,482,026   0.00059286   1,283.1   2,056.8   5,628,480
2014-10-12 02:26   3h 15m   35,002,482,026   0.00118696   1,287.3   2,039.1   5,557,632
2014-10-11 23:10   3h 12m   35,002,482,026   0.00118696   1,302.7   1,331.0   3,577,508

Thanks


Take the number of hours since the last block was found.

The add up the number of hours that the last 10 shifts consist of ~3:10 each.

subtract the time for the shifts from the time since the last block found and that will be the number of hours/shifts that you would get 0.000.  This could also be considered hashing with no pay for those shifts.  But there is no way to avoid this other than finding more blocks.  Last week we hit 9 blocks with lots of luck.  This week looks a little more average so far.

by my quick calcs. at the time right now.  2 days 7 hours =55 hours.
Last 10 shifts =~31 hours.

This equals about 24 hours of hashing (8 shifts) without pay because no block was found.  These 0.000 shifts will continue until a block is found.

This is going to happen especially on the RED blocks.

I personally have hashed on other sites and Minter still pays better (especially with good luck).  The law of averages should balance out if everyone is consistent on hashing.  Yes you may do some shifts without pay but when the good times roll again you will be above most other sites.

Fahlcor

Thanks for this... but that's a lot of "quick calcs" to be able to do.  Personally, I would like better statistics "at a glance."

As a 24x7 BitMinter-only miner, I had come to rely on the "Expected Pay Per Block" as this showed me, based on my miners, as well as their performance and connectivity (and what the rest of the pool is doing), what I would expect to receive for the NEXT block found -- all in one number.  Yes, I can look at previous transactions, but as mining is progressing, it was beneficial for me to review that one number as something that I could use as a comparison.  For example:  Say, it showed that I would receive 0.0175 bitcoins for the next block the pool found (based on my score, etc).  But, if logged on to find that the pool hash rate had increased considerably, that number would fall.  That's fine. I still know what is "normal" for my miners.  Additionally, if I experienced a network connectivity problem and my miners were offline for a few hours, I could see that impact as well.

For me, it was a near real-time snapshot of the health of my mining hash rate vs. the pool hash rate. 

I'm all for the new statistics, although I continue to protest about removing what was (to me) a very useful and beneficial statistic. Now, I'm going to have to "do the math."  I'm sorry that some people found it confusing... but many of us know nothing else, so it is now more confusing without it.  At least to me.

Doc: Appreciate all you have done and are doing to improve things. BitMinter is and has been the one and only BitCoin mining pool I've been a part of since I began this adventure. I've looked at others, but never switched.



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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 04/10/2014, 16:42:45 UTC
I also like Th/hr (average).  But please don't take away any of the existing stats such as expected earnings per block, etc.  Those are still very useful, considering many of us ONLY mine at BitMinter.  But he more stats, the better.

One question on the new shift sizes... I see the current shift at around 3 1/2 hours; however the percentage shows ~25%.  Shouldn't this be closer to 100%, given that each shift is now around 3 1/2 hours, give or take some minutes, based on the current pool hash rate?

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Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
bcm2013
on 03/10/2014, 15:18:29 UTC
I don't know if you guys follow the general Macro metrics of Bitcoin but I like to see what's happening at a high level.  Here is a chart I've been watching closely.  The wat I see it, more transactions spread around the network means more adoption.  I feel as though this could be a good leading indicator of where the BTC market is heading. Obviously we all look at the current price but with that aside, do you guys have any charts that you watch? 

https://blockchain.info/charts/n-transactions-excluding-popular


Heavy Hash rate folks, I'd be particularly interested to see what you're watching.

I follow quite a few, but as a small-time miner (~ 1 Tbps + or -), I am partial to:  https://bitcoinwisdom.com/bitcoin/difficulty

This shows both Bitcoin and Litecoin difficulty metrics and predictions -- both of which I am mining (FYI: my one and only pool that I've mined BTC on for almost a year is BitMinter)

And it just so happens, that as I write this, it predicts the next difficulty at just+0.91% above current; however, that has been falling all week. Will we see a difficulty DROP this time?  It's still looking that way, but of course not guaranteed until it happens.

 
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Board Announcements (Altcoins)
Re: [ANN] Ʉ Umbrella | The First Insured Cryptocurrencies | Umbrella-LTC | ULTC
by
bcm2013
on 13/08/2014, 17:15:58 UTC
Quick question [probably a noob question] - I've downloaded the Umbrella-LTC wallet; however, upon bringing it up it notes: No block source available...[ 3 week(s) behind ]...

All of my other cryptocurrency wallets function fine...

I'm on Windows.


Make sure you download the latest file.

Create a umbrella-ltc.conf file in ~/AppData/Roaming/Umbrella-LTC with the info below.

addnode=104.131.135.126
addnode=162.243.240.231
addnode=128.199.148.246
addnode=104.131.135.122
addnode=104.131.227.173
addnode=128.199.148.245

Many thanks for the quick response. Works perfectly!  Now, my several dozen uLTC coins are safely in my wallet after merged mining them.  Good luck with this endeavor.
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Board Announcements (Altcoins)
Re: [ANN] Ʉ Umbrella | The First Insured Cryptocurrencies | Umbrella-LTC | ULTC
by
bcm2013
on 12/08/2014, 04:43:17 UTC
Quick question [probably a noob question] - I've downloaded the Umbrella-LTC wallet; however, upon bringing it up it notes: No block source available...[ 3 week(s) behind ]...

All of my other cryptocurrency wallets function fine...

I'm on Windows.
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Re: [1450 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
bcm2013
on 10/08/2014, 04:25:47 UTC
I was just calling it doomsday as a joke. The reward halving from 50 to 25 BTC went just fine.

Reward halving is one of the best features of bitcoin, not a flaw at all.

Most alt coins are completely and utterly useless. Be careful.


Would be interesting knowing why and which coins you are referring to!

I won't speak for the good Doc. But i use this site Vircurex to store my namecoins that come from Bitminter. https://vircurex.com/welcome/index?locale=en  The highest valued altcoin on their radar is the litecoin (lightcoin?) and it's only just over a bit penny per litecoin. It seems to me altcoins made an appearance and were just used to obtain BTC. New ones come and go without ever appearing on the list and they discontinue trading of other alt coins all the time because they just get TOO worthless.

Now I  ONLY mine Bitcoins so i don't know how quickly you can come across altcoins even with high powered rigs. But it just seems it's most worthwhile to mine BTC directly. I'm sure there are tons of opposing opinions and I would love to hear a few. Could always use an excuse to check out a different miner like a Gridseed or DualMiner or otherwise if I'm convinced there's any reason to invest in an altcoin miner.

But all that merchandise and followers of the dogecoin are apparently now trading them in for BTC at 0.00000029BTC per 1 Dogecoin. That doesn't sound profitable no matter how you look at it. In fact name coins, which we get for free just for mining BTC are worth, what is that, 10000 times more than a dogecoin is now? YEESH. Miner beware. If i'm missing something though please inform me, I always love to learn more about virtual currency and I'm just a SMALL time miner. JUST enough to not pay for humble bundles and the occasional electronic toy from certain stores that will accept Bitcoins for payment.

Anyway, that's just my two (bit) cents on the topic of alt coins. Hopefully someone can tell me they mine at 100's of times the rate of BTC and the equipment is such and such cheaper to get started, etc. Any way to make a little more out of a little less.

In addition to mining Bitcoin on BitMinter, I am mining LiteCoin with a Zeus Thunder X3 and bringing in just over 1 LiteCoin per day. At ~30Mhs (which is quite good for LiteCoin) that puts me in the top 35 or so on the pool that I'm on there. I agree about all these different altcoins out there -- to me, just not worth the trouble & electricity).  My pool does support merged mining of Pesetacoin and Umbrella LTC.  Pesetacoin is a new Spanish alt... Not worth, but a few fractions of a US cent... But as it is merged mining it is no big deal.   I think they will also include Dogecoin merged mining as well when it is available ( as you may know, there is an effort to boost Dogecoin prices by enabling merged mining with LiteCoin). 

But, for me -- I am there to simply diversify my mining a bit with LiteCoin.  The rest is gravy.  My goal is to ultimately convert the Litecoin to Bitcoin. 
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Re: [1450 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
bcm2013
on 07/08/2014, 15:40:08 UTC
so what do you all do with your old usb miners, (the obsolete ones)?
or dont they become obsolete>?

Believe it or not, I still have mine mining away on BitMinter!  They add around 9-10 gh/s to my total (~400 Gh/s) which is made up of a mishmash of equipment, including two S1's.  They were my first ASIC miners and got me started. 

Perhaps, one day, there will be some useful alt-coin using sha265 that I could point these to.



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Re: [1450 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
bcm2013
on 06/08/2014, 04:55:34 UTC
Might BitMinter support uBTC (Umbrella-BTC) merged mining when it becomes available (15 Aug?)?  Seems like it may be a good idea on the surface. 

The LiteCoin pool that I use started this for LTC (uLTC) on the 28th of July.

Or is it some elaborate scam?

Doc, what are your thoughts?
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Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
by
bcm2013
on 25/03/2014, 18:20:09 UTC
Hi, Doc removed the page that you are on about. I found it really handy to see where I was for my hash power coins wise. I knew what I got per block at my hash level and if I say doubled it I could look at someones stats that were at the hash level I was thinking of increasing to and see what a difference it would make.

I moved pools to keep this feature from another pool provider. Shame as I liked Bitminter. But I liked this feature as I am always expanding my gear.
I did the same thing with those pages.  Since I've just added a AntMiner S1, I've moved up into the 250-275 Ghps range; would have liked to see how that ranked with everyone else.  I found it quite useful.

It was the slowest loading page on the website. Someone noticed this and started hammering it from an amazon cloud server.

I've been thinking of adding something else instead. Maybe show the 10 shifts that were used to calculate payments, with the same info that is on the shifts page today for each shift. Maybe add in some sort of summary of the shifts at the end, and show somewhere how much you got paid for that block.

That's just an idea so far. What kind of information would you like to see on the block page (which you get when clicking a block on the blocks list)?

That idea is good.  Alternatively, some pools show the top 50 contributors (like you do today), but also with "my ranking" (depending on who you are).  For example, 1-50 are shown as they are today, then say, I might be #1250 at my latest GHash rate, if I'm logged in.  That could be similarly useful, although, not as much as the original ranking of all users.  I get it that it was slow and unfortunately exploited.  Statistics / reporting / analysis is always good.
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Board Pools
Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
by
bcm2013
on 24/03/2014, 19:23:12 UTC
Quick question:  A few months ago, there was a capability on the BitMinter web site, where one could click on a solved block reference and there would be list of all BitMinter users with their relative 'ranking' - meaning, I could figure out that I was #XXXX out of YYYY users, based on my share of that solved block.

I don't seem to be able to find that list anymore for each solved block. Has it been removed or am I just having a senior moment and not looking in the right place?
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Board Mining software (miners)
Re: BitMinter client (Win/Linux/Mac, BFL ASIC, Block Erupter USB)
by
bcm2013
on 17/02/2014, 16:11:22 UTC
Quick update on the new Beta software:  I've been running the new client (1.5.0 beta1) now for 1 day 10+ hours for 2 Antminer UIs, 18 Block Erupters and a Jalepeno.. All are doing well, working normally. 

The Antminers are extremely stable, with only 1 noted "miscalculation" over the time period between the two of them. They continue plugging along a 1.545 Ghps.

No issues with reconnecting after a couple of BitMinter hiccups.

Overall, a very stable client. 

[I'm running on Core i7 platform, Windows 7.  Also running a couple of stratum proxy instances for some ASIC Cubes as well.]

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Board Mining software (miners)
Re: BitMinter client (Win/Linux/Mac, BFL ASIC, Block Erupter USB)
by
bcm2013
on 16/02/2014, 06:31:56 UTC
BitMinter client v1.5.0beta1 is ready for testing.

New:
  • Add support for Antminer U1
  • Fixed a memory leak that could happen when mining on BFL ASICs. This could slow down the program and eventually make it lock up completely.
  • Display approximate earnings per month rather than per day

Please check it out:
https://bitminter.com/images/beta.png

Edit: Setting the Antminer clock frequency or blinking the LED not yet supported. I hope to have that ready soon.


This Beta is working well.  On the BitMinter client, I have 16 Block Erupters + a 7hps Jalepeno + 2 Antminers.  All recognized first time -- Antminers identified as such.  Both running at 1548 Mhps (the same as they were on the previous version, but without all of the errors).  No H/W errors whatsoever in the first 60 minutes or so. 

So far, all is very stable.  I'm looking forward to the capability to set the UI clock frequency.

Thanks for this.

-Bill