Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] - page 182. (Read 837101 times)

yes we are and we got 2 blocks

Looks like an attack was able to cause a few minutes of instability. Sorry for that. We were quickly back to mining though.

Looks like it. I can't login with cgminer and live stats shows 0.

Is site down

Unless Bitcoin-Jesus himself comes down from heaven and blesses us with 5 stacks of Nephalem Valor tomorrow, this is going to end up one really crappy week in the mines...

 *grumbles*

Height	Duration	Work
247344	14h 16m	119,311,508
247444	9h 03m	73,642,130
247593	15h 16m	123,795,889
247010	14h 17m	108,509,539
246907	1d 2h 01m	172,017,572

The approximate mint speed shown in BitMinter client is just that, an approximation. Bitcoin mining is like a lottery. How often we find a block, and earn bitcoins from that block, is random. Each hash you process is like a lottery ticket. Each hash has a (very low) chance of producing a block. You get paid with coins from a block whenever a block is found by someone mining in the pool. Your share of the income from a block is determined by the amount of work that you did in the most recent 10 shifts at the time the block is found.

Because of this, your daily income will vary with luck. That's often referred to as variance. There may also be some hours between two payouts if we are having bad luck and no blocks are found for a while.

In addition to that there is a delay from the time you do some work until that work is fully paid. The work you do is registered in a shift, and then that work is credited with income from new blocks we find until its shift is no longer among the 10 latest shifts. This takes a few hours. If you turn off the prepay perk then there is an additional delay having to wait for blocks to confirm, which takes about 20 hours.

So, assuming you have prepay on, if you do 24 hours of work and then look at the results, then only some of that work has been fully paid. The remaining work is still receiving pay, even if you stop mining. Needless to say that is not going to look very profitable, when you are looking at all the work you did but only part of the pay you are going to receive.

Comparing pools by how much you get paid for 24 hours of mining is pointless. The comparison becomes "which pool has the best luck today?" You can't use that data for anything. The luck a pool has today has no influence on its luck tomorrow. Believing that it does is called "gambler's fallacy" which you can ready about on wikipedia:

  http://en.wikipedia.org/wiki/Gambler%27s_fallacy

If you want to know how BitMinter's payouts have been over time you can read Organofcorti's very detailed analysis here:

  http://organofcorti.blogspot.com/2013/05/131-bitminter-and-luck.html

Just read à few Posts back (less then ten on this page)
This is how bitcoin mining works...

Is bitminter sort of down or what ?

Aint recieving any reward for a while, while work keep getting accepted. ....any1 has any idea ?

I have the same problem with OpenID since today.
Firefox, Chrome and Internet Explorer.  On different computers???

Excellent!  Please let me know when the update is out - I really am not a fan of Easyminer. 

That's what it is. Thanks. I will have an update for this soon.


This is implemented and working but has no web interface yet for choosing the target number of submits per minute. The default is 20 proof of work submits per minute. Use the contact page on the website to leave me a message and ask for a lower number and I can set it for you manually. If you have multiple workers let me know which one(s). I hope to have time to get this on the website soon.


That's a broken browser plugin. It's fairly common with Firefox and Chrome that some plugins will break webpages. They sometimes cause a duplicated URL as you can see from the error message. Try running your browser with plugins disabled or try a different browser if you have multiple browsers installed.

I would recommend removing any plugins that try to "enhance" webpages and end up breaking them. You don't want that.

I can't login with Google...

Maybe so?  Thanks for the input.

Is it possible to manually set a (minimum) difficulty yet? I'm running at 1 GH/s (+ stratum, bfgminer, cgminer), and my target difficulty is 1, but I'd like to have less network traffic.

Thanks!

Has he updated to support 1.2.5 firmware yet?
Could be that.

The reply in 1.2.5 adds the chip that found the result - in your case that says:
8636095F59A... = midstate
2BA85F... = blockdata
1=chip
0=nonce count

1.0.0 Jalapeno or PARALLELIZATION disabled, would not have the "1," in there.

And That's the thing... all miners occasionally WIN out due to GOOD luck So we are even in the long term

DrHaribo, my BFL Singles arrived today, but they are not working with the BitMinter client.  It logs errors like this many times per second: 


Any ideas what could be wrong?  They work fine on Easy Miner, but I prefer the BitMinter client.

That's the thing... all miners occasionally lose out due to bad luck, one way or another. If that didn't happen, then you're also not benefiting from good luck--or else the pool would go bankrupt So really, there's no point in trying to avoid it. I'd rather see the downturns all laid out in a direct correlation (payment = % of block) rather than hidden behind extra fees (and not really knowing how much I'm really losing.)

I'm sticking with Bitminter; I find the payouts to be quite fair.

There are no missing blocks. Just like there are no "extra" blocks when we have lucky short rounds.

Bitcoin mining is like a lottery. Sometimes you find blocks quickly with only a few hashes (lottery tickets) and sometimes it takes many hashes.

Luckily we found a couple quick blocks after that 26 hour block, which helps even out the bad luck we just had.

If the variance makes you uneasy then you can mine in a PPS pool instead. You'll have high fees, no income from transaction fees, no namecoin income. In short, you will lose a lot of money. But you won't have any variance at all. The same (very low) payouts every day.

looks like the blockstipation is releasing, with 2 new low cdf blocks.