Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] - page 153. (Read 837101 times)

They'll make ROI at the correct BTC price. They just won't making anything more than that, haha.

USB price erupters should have never been thought of to make ROI. When they came out people even said they will most likely not ROI. I bought them well knowingly they would not but more of an introduction into mining and have been satisfied with the few I did buy. People who boughts 100s and use them will definitely take a huge hit with these crazy increases in difficulty

As I've mentioned elsewhere - I got what is probably the very first AsicMiner USB (outside AM) - since I was one of the devs FriedCat sent them to and since I'm in Aus it got to me first - 13-May GMT+10

That one has so far generated ... ~0.92BTC (assuming PPS since 14-May) ... so no one could have made more PPS mining with one ... yes indeed the 2BTC price was ... pick a negative word of your choice ... and they are still being priced to ensure everyone will lose BTC ... but people still buy them in ... flocks

yeah pretty much the same for me.  Asics are harder to make money since only AM sells them without a waiting period at a next to impossible price to make money.  I had long arguments on the AM thread  pages 200- 300  (not sure of the numbers) when the sticks came out at 2 btc  about 260 usd back in april- may.  at the same time the hd7790 was 120 usd (on sale) same hash rate  with a real resale value.  I said pricing of 2 btc was wrong should be 1 btc.  I was mocked and insulted quite a bit. But i was correct. the price was a short term greedy move.

I purchased a lot of hd7790's and got very lucky why I put them in april 2nd and btc shot to more then 230 usd.  april 2013 was the month I got out all my roi made more money that month the the prior 5 months.

That must have been before my time.
No they don't yield much, but every little helps, eh?
There might be other merge-mined coins as well, of which I am not aware...
In any case, that would be a nice option, if that's not too much work for you, otherwise, don't worry.

... every device I bought before the advent of ASIC - I've earned more than I paid for them ...

I was considering this but last I looked devcoin + ixcoin put together was only a 0.12% income boost.

I also don't understand why someone would buy Ixcoin at all. Isn't that an old premine scam? But that's another topic..

A small question/suggestion: What about adding merged mining support for more alt-chains, such as Devcoin and IXCoin? That should help in increasing the revenue ever so slightly still!

 I sell my sticks at the lowest ebay price... so if someone is at 24 I will sell at 23.  what you don't realize for many buyers ebay discounts are available.  so buying 5 sticks from me for 116 which is ebay's best price as i type  may mean the buyer has a 10 dollar coupon even more.  their risk of none delivery is 0 .  there risk of broken gear is 0.  here is a typical sale of mine on ebay

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=151122097801&ssPageName=STRK:MESE:IT  

  If a new person has no btc it is tedious to buy it and newer people are afraid  to send btc to strangers on the net.  A person starting out in the btc world needs an easy path and should not be hurt by sellers asking double my prices.  If they want to take on risk of btc purchase and transfer it to a seller like canaryinthemine i have helped them to do this.

Having a million or 2 million people with a handful of sticks is a good thing for btc. It allows for the coin to become legit. an added safety measure for a wise investor.  This is why preorders are wicked bad when they are not shipped quickly.  But hey that is one mans opinion.

As for roi it ain't easy for most miners only a few of us did this.  I made roi when I sold off my used hd7970's and hd7790's .  most were 75-100% paid off with coins.  so selling them at half price got me to make roi.  this may not be the case with sticks.

Oh dear - do you sell them for more than you pay for them?
The buy price for AMUs is a BTC loss for EVERYONE who has so far bought any AMUs and mine PPS or similar with them.

 

   one of the problems for me is I sell a lot on ebay.  I push lots of stick users to this site and get them on the easy java client.  many people don't want anything that requires any skill.  Since I sold about 200-300 sticks on ebay to 35-45 buyers I can tell there is a big market for an easy plug n play item. 

   If the newer 2gh sticks worked as easily on bitminter as the .333gh sticks I could sell thousands of them. not looking to sell thousands just a few hundred like the Am be's.  The only reason I can do okay in mining is I do honest lower cost selling on ebay. It allows newcomers into the market... they get sticks fast with ebay/paypal protection. 

 Like it or not we miners need this  lot of small mainstream buying  or btc will die.  It is not complicated.  The doctor has 100,000 people that signed onto his site. 

most get started small with a gpu  a year ago like I did.  Now this year many came here because some one sold them an AM be.   We now  need the same for these newer sticks. Also they have to be sold with no preorders..  much of the boost new customers  this summer has been ebay sales of sticks.  Why they are on hand and it is safe to buy them. just my take on this.

Sure, I'm using my own code, and I already implemented a workaround for this stratum proxy bug - it just needs a little testing.

Stratum proxy is popular though and should be maintained by someone. I also see it returning random errors in response to client.get_version

I hope someone picks it up. I don't have the time for that myself, though.

Slush has been MIA for quite a while as far as I can tell.  It also ends up being a lot easier for pools to just implement a workaround rather than expect ever user to upgrade/patch their proxy.  I'm not sure what you use (based on slush's python, eloipool, or custom), but for mine (custom) it was just a matter of:

1) Adding a check to worker auth to see if the connection has already subscribed.  If it has, act normal.  If not, cache the fact that the connection needs to be updated with a minimum difficulty change when it does subscribe and simply reply with the generic result: true for a successful auth.

2) Add a check to the subscribe function to see if the miner has already authorized a worker that requires a difficulty update.


Total changes needed:  Two variables on the connection object: boolean (isSubscribed) and an integer (diffAfterSubscribe), and about 12 lines of code.

slush is the one who should push the fix, but that might take a while. It's pretty much abandoned if he doesn't care. Maybe someone should fork it?

Well, they went for a different way to communicate between computer and hashing device. No mining client supports those units as of yet. There will at least be a cgminer fork that will get support. Maybe normal cgminer and bfgminer will get support for them as well. I hope I can add support in BitMinter client too. They look poised to become a block erupter usb killer.


Yeah, working on an update that will tolerate stratum proxy's broken behavior. I'm not sure why this bug in stratum proxy can't simply be fixed, though? Has the project been abandoned?

not good to hear.

 These may end up being a big hit with am stick users.

 lots of am sticks have sold and they will be too slow in 3 months or so.

   but all of us will have a big hub investment. well it is early in that game and for all I know am will build a better stick.

I've seen BitFury ASIC users complain about sudden loss of hashrate on BitMinter, and that happened to me too. I mentioned about a fix on this thread earlier, but it wasn't exactly the best solution. Doc, I think you should take a look at your stratum code and see if the wrong behavior of the stratum proxy is causing problems on your pool, too.

gigavps' take on this problem, quite informative: https://bitcointalksearch.org/topic/m.3138386

Miners on the BitFury thread having a problem: https://bitcointalksearch.org/topic/m.3151205

eleuthria fixed this on BTC Guild by implementing a workaround on his pool code, because he thought it's unlikely that the stratum proxy will be fixed. Perhaps the same should be done on BitMinter?

Those will not work with the current BitMinter client versions. I'm looking into adding support for them.

You can use them on the BitMinter pool using some incarnation of cgminer or bfgminer though (either the regular or a fork).

For prepay of both BTC and NMC plus the easy mode perk you need 2% BTC and 2% NMC donation - much cheaper than 4% of your total income, as the NMC is only a small part of it. Also, at that point you are at 2% donation so you could activate all perks through the "pro minter" perk.

Easy mode doesn't raise your income. It allows you to set a higher submits-per-minute setting for your workers, which will reduce your daily variance a bit. Read this where I explained how it works:

https://bitcointalksearch.org/topic/m.3142713

Especially interesting is Organofcorti's analysis on how high/low difficulty mining affects your variance.

How do you figure? "Easy mode" won't affect your income at all, aside from reducing your variance a tiny bit.