...in rounding circles haha 




made killer coin compare to bitcoin mining past few days though

I thought I should chime in on this, since lengthening the payable shifts would actually force me to leave. I'm not sure how much longer I can keep my ~10.7TH of Neptune miners running anyways, but that would certainly kill it for me. Those dead zones are a gambling opportunity to save on electric without losing anything. Just 24hrs of downtime saves me $15. I hope to keep going until the halving, but we'll see. Would be great to see that idea bring more power hungry miners back to the pool, even if they only mine for around 2/3 of the month.

I could be wrong, but I doubt that most people leave over the payable shift length and instead leave because of the periods of bad luck. Nearly a week is a long time to see no payouts and some people just don't have the patience.

The luck has indeed been bad lately. Jan and Feb were great though, well above expected earnings, so I can't complain. Sucks when it evens itself out though.  

Thank you for your pool DrHaribo! I started mining on Bitminter and will likely end here.  I think BTCGuild is the only other Bitcon pool I've used. Wish I could keep going, but the centralization is a killer. Can't say I'd cry over a few KnC-sized data centers burning to the ground, lol,



    Would be nice to own those data centers though. I remember the days that btc guild was the shit. Now look at antpool. They have almost forced people to mine with them if they want stead payouts. But there will be no variance on income though with such large pools.
But people will have payout of some coins everyday though.

Thanks for the opinions on the shift length.


Personally I agree. It seems pointless to gamble with a small jackpot and with the odds stacked against you (as they always are at casinos and when renting overpriced hashes). On the other hand, people do play the penny slots at casinos for hours. There must be some attraction to it.







 i have won big money off of pennies Dr. Spent  4 and won 6000 ONCE. iT IS ALL IN THE LUCK. i LIKE bITCOIN FOR THIS REASON. iT IS THE THRILL OF WHAT COULD HAPPEN. We WOULD NEVER REALLY MAKE ANY MONEY IF EVERYONE WAS ALREADY ON THE WAGON. You have to be thee before the store. lol
 

With a heavy heart, after 2 years and 4 months of exclusive mining with Bitminter, I shut down my Jupiter today.  It had barely been breaking even (or probably losing money) for some time now and I needed the space back, plus, with the weather warming up I really didn't want the heat in the house anymore and my shed is full of other things.  I sold it cheap on Craigslist and hoped to recommend the new owner use Bitminter, but when he picked it up he only wanted the power supplies and actually left the Jupiter with me.  It now sits, lonely and cold, in it's original shipping box.

I started mining in December 2013.  The difficulty was 707 Million and my 675 GH/s was making almost half a bitcoin a day!  With the price bouncing around $1000 US, every minute of downtime would have been expensive.  Bitminter was, and always has been, solid.  Back then we were finding 10+ blocks a day.  Four months in, I found my one and only block: 290714.  It was a green block with 20.5% CDF, 2h33min.  The feeling when I checked the Blocks list and saw my name was amazing.

Newer firmware, which I didn't want to install because it would mean downtime, bumped me up to about 720 GH/s.  A major power outage last fall knocked out one of my 4 modules, reducing me to 560 Gh/s, but it didn't really matter anymore. Today, at the current difficulty of 166 billion (an increase of more than a factor of 200 since I started) my Jupiter was making about 0.05 bitcoin a month, and dropping all the time.

Mining has been good to me and I have no regrets.  As great as it was to be "in" when ASICs were first appearing, it seems to me that it marked the beginning of the end of the hobbyist miner as it meant data centers of miners became practical, well, that and the huge increase in the value of bitcoin meant it was worth doing.  I fear for bitcoin as the mining becomes more centralized and more geographically localized: it's losing the distributed nature that is central to it's security.

My intention for writing this is not to bring anyone down, I just wanted to share my melancholy with people who would understand.

Best of luck to you all, and a special thanks to the Dr.