Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] - page 14. (Read 837101 times)

Thanks for the offer.

But I think the best way to help the pool grow is to tell friends and other miners about the pool and why you like it.

Meanwhile I will look at a few other options.

I think christhegoth needs to stop posting.  Not only are most of your posts ridiculous and lacking in both common sense and general knowledge but you post like you're a fountain of knowledge.  Which you are not.  You are posting with enough confidence that you are confusing the less experienced.  Please stop.  Bottom line...  Feel free to ask questions -  you should, but stop trying to provide answers - you shouldn't.


To Everyone Else,
The Bitminter forum is a great place to learn a thing or two and the Doc, along with a lot of the folks on the forum, are an unbelievable resource. For your own sake, don't listen to christhegoth.  He probably knows less than you.

well of course if you go to a pool with "100" guys you will need "xxx" months to find a block... i just was talking about "famous" pools, also its true that for example on slush yeah they can find one day 9 blocks, but you earn less / block, and here more, so... but i like this pool anyways

I didn't say that, I said quite the opposite. Luck does exist and if you can't pay your monthly bills if you get a lower than average payout, then you need to secure an average payout.

Ozcoin is on 50 days without a block. Deepbit is on 6 months? 9? The smaller a pool is the longer the rounds are.

maybe luck doesnt exist and like drharibo said, no matter what pool you go, you will earn the same when month ends, but its true that i never saw a pool with many long blocks like this one xD 3 days the previous one, and right now new one 1 day 7 hours  

patience 

There's no need to panic, seriously.

I know these big blocks hit you in the 'confidence', but the pool does average over the month.  However...

It might be worth saying that a lot more.  To re-assure people.  As a small pool we should be more honest about the Wild Ride we sometimes get.

The pool still has the best GUI, Client, and Customer Service I know of ( and I mine 4 pools ), so it's just the Wild Ride we need to cover.  Whenever one of these big blocks comes up people start to worry.


My recommendations:

- Talk about hosted mining & bet-spreading, as well as talking about what we already do ( the top-notch GUI, client, and Customer Service ).

As I've said before it's better The Doc gets 50% or 33% of someone's hash then none of it.  And until we are as big Eligius or GHash we're stuck with the Wild Ride I'm afraid.  Small pools are small pools.


Some people do enjoy the cut & thrust though.  That's a selling point. Some seat-of-your-pants mining with some of your hash spices up what can be quite a boring ride at times.

As someone who sells Bitcoin I like the cut-and-thrust in smaller doses, as it simply keeps me from falling asleep.  Hence why I bet-spread. 1/2 TH here, 3/4 TH elsewhere in 3 other pools ( I won't tell you where, as that would be disrespectful to The Doc ). So Bitminter gets a bigger slice of my pie as I have confidence in it as a Pool.  Even with the Wild Ride.  I put some hash elsewhere simply to smooth that ride out a bit is all.



In the past I have suggested that The Doc run a Proxy.  A couple of people liked this, and others didn't.  Just to add to the idea:

If people can bet-spread via a Bitminter GUI then The Doc can still do Customer Service.  If The Doc only allows you to select between Bitminter and 0% fee pools then the fees won't get too silly.

It could be a perk for those who can't handle the Wild Ride and still want all their stuff in one place.  Bitminter's GUI, but with a choice of which pool you mine per Bitminter worker.  A simple drop-down to select, rather than all that fiddling at home with your miners.

Something to think about.

The proxy software I found is here:

https://github.com/cdhowie/Bitcoin-mining-proxy

Multi-worker, & multi-pool.

~


Tuppence deposited

Mining can be a lot of fun if you get the balance right

Many thanks to all of you. Antminer S3 looks like a good choice, bitmain proved to ship good quality hw.

1 block in 4 days.......SUCKS......

This pool needs to grow or it's going to die.

Doc I'm willing to donate a few namecoins if will use them for advertising or giveaways to attract new miners.

I can send 29 NMC  if you will use them for to grow the pool.  You could setup a wallet just for this kind of donation.

BitCare Bitcoin added to the third party apps list, under the "tools" menu on the bitminter.com website. It's a very nice Android app.

If you know any apps with Bitminter support that are not listed, let me know.

Oh come on; if you're gonna quote me at least do it accurately.

I like monitoring multiple pools, and may well choose to shift some hash if a pool is more reliable ( for example ).  It's my choice, same as it's my choice to come here and give you 1/2 TH.

My point has always been that some people may want to move to pools they feel are luckier.  Be it an illusion or not people will still do it.

If you know anything about random you'll know that there can be order in the chaos.  At least for a bit.  Although you never see it coming.  But, then, you guys make the Casino analogy so...

I bet-spread.  It's still a gamble.  If Bitminter has a lucky month I don't get the full benefit.  But if Bitminter has a slow month I also don't take so big a hit ( see Doc's post about people with tight budgets ).

People will always dabble *shrugs*. I haven't said it works, just that people will probably want to have a go on occasion.

Your regulars make the Casino reference.  You can win in Casinos.

Personally I prefer to bet-spread ( still a bet, obviously ).  But you must have had a good month or two for your rewards graph to have developed a gap between green & yellow.

Other pools may not have done so well.  I think most people will be able to see that.

I fully agree jumping every week is daft, but all miners get to choose based on a Pools past performance.  Such is life.

Now, Now Doc...

Im just about to reveal my lucky mining rabbits foot block finding enhancer charms.

Only 1 btc each and they will greatly increase the block solving power of miners by providing
a focal point for positive thoughts to better lubricate those random generators.

 

You wrote luck debate. Moving between pools based on their past luck doesn't improve your mining results. That's not an opinion or debate about luck, it's a fact. Thinking it can be done is based on a misunderstanding about what luck and random events are and how they work.

Anyone is free to base their mining on religion, superstition, cargo culting, or whatever they want.

But don't write here that it works. There's a lot of beginners reading this and they don't need the confusion.

I was referring to moving hash per month based on personal choice as to where you feel you get the best results.


Ghash & Coincraft do hosted mining as well. Always useful if you can't get cheap juice.

S3 is The Man at present.  I'd love a Yukon, but UK Finance ain't that great.

I like Coincraft Toys as well:

https://www.asic-hardware.com/product/bitmine-coincraft-desk-used/

That's close to 1TH per USD, and you'll be able to mine more than 1 pool at once if it's like my one ( I have a 700GH one. The beauty with these is you can slap 'em up full to get some BTC in, and then dial them back later in life ).  I paid £800 for a 700GH one and do not feel ripped off.  That is about $1100 though ( in the UK VAT is added ).  That Europe Price may well be ok for you.

Anything Butterfly or BlockErupter, in my experience, should be avoided ( as the power consumption is high for such a low hash ).  Anything with Avalon written on it is also behind the curve I'm afraid.


Bitmain and Coincraft seem to be my go-to's at present, although there is a Scrypt-miner about to go VERY cheaply I may have to snaffle...

Basically you check the power consumption vs GH.  If it's 1w per GH or less you're in.  And if it's £1 per GH you should do ok on it paying for itself.  The CoinCraft Desk I showed when whacked up is 0.9 w per GH, but it can be dialed back with time ( so will run at a profit for longer ).  In power-save mode it has the same profile as the s3 near enough ( ~1.05 GH / w ). Depends on what you pay for Electricity really.

Yes, electricity.  If you get a great price then 0.9 w / GH will be fine.  If your prices are harsh you'll only be able to use an s3 really.  I get good prices here, hence my liking of CoinCraft.  I can afford the 0.9 w / GH when I whack it up full.


That should get you going in the right direction.

You might find an old Terraminer going hella cheap, but you need to be careful.  They're selling it for a reason, so odds are it's on it's way out.  KnC Miner are not performing well last I read either.  Beware of Second Hand, but also beware of New.  You have to check the power factor as well as the price.

There's an ad for one from spondoolies now on bitminter.com - less than 1 USD per GH/s.

Looks like Antminer S3 can also be had for under 1 USD per GH/s.

Are there more ASIC machines at a good price per GH/s ?

Not to worry or what so ever, just making sure; I am not deeming :-). All good.  Thanks for the prompt replay.

On another topic all together, any suggestion of decent ASIC hw one could/should buy and I am i thinking of quality. Much apreciated!
 

There is no luck debate, just like there is no debate on what 1+1 equals.

If you want to know how it works, they teach this in universities. Coursera.org has a free course on probability right now (https://www.coursera.org/course/prob). Unfortunately (if you don't speak it) it's in Chinese. Maybe some of their courses in english also cover probability. They have free courses from top notch universities around the world. I highly recommend trying them out.

There are a few miners who need to sell their bitcoins every month to pay bills. An unlucky low payout could mean having the electricity shut off or even becoming homeless. I've always recommended those people to mine in a PPS pool rather than Bitminter. In this case you just have to pay the high PPS fees to secure steady payouts, because a low payout is unacceptable, even if a high payout comes next (at which time, for them, it's already too late). Unfortunately a lot of things work this way, when you have little money things are expensive, if you had more money things would be cheaper.

Yup, much as the great luck debate is still out it does average over the month.  Jumping from pool to pool from week to week solves nothing.  But, Bitminter goes up and down like the metaphorical yo-yo

If it's proving difficult on you you might want to consider mining across 2 or 3 pools.

It's better Bitminter keep 50% or 33% of your hash then not get any of it ( due to you wanting out ), and if you have bills to pay Bitminter can be a bit of a wild ride.

However...

Even though I spread my mining across 4 pools ( to get a more stable income ) for my business stuff, my personal mining toys stay with Bitminter.  That should tell you a tale if I choose to keep my personal stash here

No poolwide issue on the 9th. Perhaps an issue on the internet between you and the server at that time.

On the 5th we had a few seconds of network instability at the server site. This causes some miners to get disconnected from the pool. It looked like all/most reconnected quickly though.

Were you not able to reach the mining server for an extended period of time?

If your client crashes when it gets disconnected, try upgrading it to the latest version. If that doesn't help, ask the people who made it if they can fix it. Unfortunately the internet will never guarantee that a TCP connection won't break at some point, requiring you to reconnect. Client software needs to deal with this, same as server software.