Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] - page 163. (Read 837101 times)

Instability on the mining server in the last 10-15 minutes. I'm looking into it.

 thanks to both of you. .  for info

 I have new old stock voltage unlocked miners. No usb only ethernet.

 I do have a mulit port switch for the 3 extra ethernet connection that I will need. I will try to do Slush's stratum proxy on sat morning. I will get back with results. I have a quality pc (i7 3770t cpu) with a quality mobo  asrock z77-itx-e fast ram and a ssd. pretty quick powerful pc.  it runs the 90-100 usb stick well.
If i get it all setup I will be back up to 60gh

Luke-Jr's latest bfgminer release has support for blades.  It's basically running an internal GBT/Stratum proxy for the blade.  Not quite sure how it works, or if it's known to be stable yet.  The new blades also can connect via USB, but I'm not sure if that has opened up any new ways to communicate with the hardware or if it's still requiring a getwork->gbt/stratum proxy.

UPDATE: Looks like as of right now it isn't yet included in the windows binary releases, so you'll have to build it yourself.  README.ASIC has the instructions for using a blade with bfgminer.

The ASICminer cubes and blades have their own mining client built in. But it is rather primitive and only supports the old getwork protocol. The recommended way to mine with them is through a stratum proxy. You can set up Slush's stratum proxy on your computer, pointing it at BitMinter, and set up the blades to point to your computer running the proxy.

You can get the proxy from: https://github.com/slush0/stratum-mining-proxy
And run it something like so: mining_proxy.exe -o mint.bitminter.com -sp 3333 -gp 8332
(if you already have something running on port 8332 you may have to change the port number)

In the cube/blade configuration for user name use something like: username_worker:x,username_worker:x
So if my user name is DrHaribo, my worker is Blade1 and its password is abc123, then I put DrHaribo_Blade1:x,DrHaribo_Blade1:x
This data must be entered twice. As password we just put x since any password will be accepted.
For host/IP put the IP of your computer running the stratum proxy. That IP must also be entered twice with a comma between. So if I am running the proxy on a computer with IP address 1.2.3.4 then I put 1.2.3.4,1.2.3.4

Now you are set for efficient mining. The Stratum proxy will receive block templates from the BitMinter server and use it to generate work for the blade(s). With the cube/blade and computer on the same network the blade will be able to fetch new work very quickly.

I believe you can enter data for another pool as backup as the data after the comma, instead of the exact same thing twice. You'll probably need to set up two stratum proxies on different ports to make this work. Maybe someone can confirm whether this is failover or 50/50 mining.

Some more detailed instructions, starting with how to plug it in, are available here: https://bitcointalksearch.org/topic/guide-dogies-comprehensive-asicminer-blade-setup-205369

My 3 blades came today.  Does anyone run them with bitminter/java?

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   For some holding coin is one part of a multi spread the risk plan.  100% mining or 100% coinholding is not the way to go. (and this is way off topic for bitminter but still is very interesting).

  I hold coin, I have btc stock,s I have mining gear that I mine with  on bitminter and I resell mining gear on ebay to newcomers . So I spread risk around. Your hold coin plan can work well for you.  For me I have a steller ebay sales record so selling gear at a low price for a small profit really removes a lot of risk for me. I still hold coins long term. I also try to keep everything under 10k.  Stocks, coins, ebay stock   my mining gear.  More  a part time job then a living.
[/quote]

What do you have to resell ?
Might be interested...

 

   For some holding coin is one part of a multi spread the risk plan.  100% mining or 100% coinholding is not the way to go. (and this is way off topic for bitminter but still is very interesting).

  I hold coin, I have btc stock,s I have mining gear that I mine with  on bitminter and I resell mining gear on ebay to newcomers . So I spread risk around. Your hold coin plan can work well for you.  For me I have a steller ebay sales record so selling gear at a low price for a small profit really removes a lot of risk for me. I still hold coins long term. I also try to keep everything under 10k.  Stocks, coins, ebay stock   my mining gear.  More  a part time job then a living.

I took a risk back in early 2011 and bought $1,100 of computer hardware to mine with.  I've been selling BTC and keeping some to continue upgrading mining equipment ever since.

In retrospect, I would have made a lot more money just buying $1,100 of BTC (since BTC was $1.50/ea when I found out about them), but hindsight is 20/20 and all of that.  I've still made a boatload on my initial investment, so I have no regrets.

i started out with a 5830 in 2011

for a while there they paid for themselves in 2 or 3 days

It does if your electricity cost is significant. It wont be long until that's the case for 1st gen ASICs in countries where electricity is 25 to 35 c / kWh.

btc volatility influence on mining equipement purchase profitability does not make sense

1 BTC is higher than .75 BTC no matter what the exchange rate is. If it is the yield that a mining equipment is giving, you are better just sit on your bitcoins.

I guess I got the late in the game.
Just can't pile Bitcoins with my 5850, and doesn't have money to pay for expensive hardware.
How did you guys manage to pay for all this, that's beyond my comprehension... don't you have a life with bills ?!?!

I appreciate the ASIC market updates in this thread since I don't always check the other sub-forums.  Sometimes you have to be quick to get your order in before they go out-of-stock.

So anyways, just ordered 20 more USB Erupters from Canary and realized I could have had a Blade for .4 BTC more. 

But the good news, my BFL Little Single shipped today!  All new GH/s to soon be added to BitMinter.  Not exactly a bunch of Mini-rigs but every little bit helps, right?  Now I wait for my big(ger) orders from KNC, Bitfury and BFL. 

yeah and if it is 10% you will do fine not to mention if btc goes up after purchase..   of course if btc tanks oh well.

I got my asic miner from BFL 2 weeks ago, guess I got lucky. I'll hit ROI in 2 weeks, I'm now half way.

Btw, I got 9 BTC the first week mining and 6 the second week. This was an unlucky week for Bitminter. But this is the first pool I ever mined (got an FPGA last year but I got about 3x ROI price until I payed more for electricity than it'll mine), then I ordered the ASIC miners on juli 31 and received them august 14 (2013 instead of 2012). I'll stick to Bitminter.

As it seems for now, no one buying any gear now will see ROI....

For a 0.335 GH/s device to recover 0.17BTC with only a 20% diff each change ... it would take ... 190 Days
... at 1000 days it is ... 0.17936377 BTC (so pretty much never reach 0.18 BTC)

If on the other hand it was 30% diff each change ... at 500 days it will have generated ... 0.11957525 BTC ... 1000 days ... 0.11957587 BTC ... so it would never reach 0.12BTC ... of course 0.5W isn't free either ... especially after 1000 days ...
http://www.tradebtc.net/bitcalc.php

Edit: for a 10GH/s device at 20% increase each change, it would take 89 days to get 4BTC
at 30% increase it would ... 500 days 3.56940335 BTC ... 1000 days 3.56942180 BTC ... so never reach 3.6 BTC
But the electricity is pretty relevant also ...

Yes many people buying AsicMiner hardware will not get their many back ...

more news on lower prices for mining gear if you are in the usa prices dropped a lot overnight  sticks are at .18 btc and newer blades are 4 btc note the newer blades do not overclock




https://bitcointalksearch.org/topic/m.3033612  


I buy from him and the gear is approaching very cheap.

 .18btc a stick is very good as is 4 btc. for the locked blade it is locked at about 10gh

  pete mining gear like a stick a blade a gpu a jalapeño are related to bitminter. I use 100 plus sticks and will soon add 3 blades all will be mining here.  In fact when I get the blades I will be asking the good dr h  what I need to do to get them to run. 

I mentioned they were on sale hoping a few guys using bitminter would buy some and add to our hash rate.  Sticks are selling like mad on ebay I saw some for 36 usd each.  This could help our hash rate as a new guy  may use them on bitminter. when I sell stick on ebay I always tell them use bitminter.  I post this thread for them to read. I sold about 80 sticks and have kept about 100.
 I know I have at least 3 or 4 guys using bitminter due to the stick sales I do.

 I do agree my asking about the error on the blockchain is more general then bitminter alone, but this is a thread I feel safe to ask a more general question.

 I know forums sometimes get out of hand just go back a few pages and I opened my big mouth about coding scripts.  But this time I think I was more in line with doing something good for bitminter. If some bitminter members  purchased a few blades it would help the hashing rates for us. Or if they read that sticks are as low as 35-40 bucks on ebay it can get them started.

It may be just me, but please don't use this thread for topics unrelated to BitMinter.