1)without mining as a driving engine bitcoins would die off. so we need miners.
2) gpus will soon be too slow and too power hungry. (of course if you have free power they will still make money)
3) litecoins may be the new coin for gpus.
I have 8 hd7970's 2 7950's and 1 hd7990 .
I hash at 6000 I am going to have to sell my gpus or use them for litecoins.
I like this pool and I hope the doctor would make a litecoin section so I don't have to put a boat load of gpus for sale on eaby.
As for asics you should get a jalapeno from butterfly labs as it is only 163 usd shipped it is small and quiet and you will need to wait til july if you buy it today.
Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] - page 243. (Read 837101 times)
March 14, 2013, 10:17:24 AM
March 14, 2013, 08:25:14 AM
Woot seems like luck is on our side today.
over a 72 hour period we made 23 blocks one was a stale.
spilt it in about half and the first 36 hours 4 good blocks 1 stale .
the last 36 hours 18 good blocks. rough but close estimate.
Hmm is this good for non ASIC users though? Yes tthe pool found more blocks but the difficulty went way up and my percentage dropped from .14 / .15% to 11% the second that ASIC came online? Basically its like 1 ASIC owns the pool it seems to me.
Makes no difference to your expected earnings. You earn less but more often - so variance is reduced.
The higher hashrate BitMinter is, the more consistent your earnings are.
Thanks Mate.
Still allot i need to learn that's why i ask
and after reading about Litecoin im note sure its even worth it as Bitcoin is already here and real.You explained allot and now it makes sense why when the last ASIC dropped we slowed drastically.
Again Thank you for 1 replying to my question and 2 for helping someone so new to bitcoin. Still deciding if its worth buying an ASIC but i have a ton of these GPU's laying around as i am a Custom PC modder also so really cant sell the cards for ASICS.
I was looking at the small ASIC's if it ever becomes a necessary to still be a miner.
I rather enjoy Mining not for the money aspects only but the whole idea and concept. Being a Miner gives you that feeling of actually being part of bitcoin because if we dont mine there is no security or Bitcoins right? or am i misunderstanding it?
March 14, 2013, 07:58:11 AM
Woot seems like luck is on our side today.
over a 72 hour period we made 23 blocks one was a stale.
spilt it in about half and the first 36 hours 4 good blocks 1 stale .
the last 36 hours 18 good blocks. rough but close estimate.
Hmm is this good for non ASIC users though? Yes tthe pool found more blocks but the difficulty went way up and my percentage dropped from .14 / .15% to 11% the second that ASIC came online? Basically its like 1 ASIC owns the pool it seems to me.
Makes no difference to your expected earnings. You earn less but more often - so variance is reduced.
The higher hashrate BitMinter is, the more consistent your earnings are.
March 14, 2013, 07:44:17 AM
Woot seems like luck is on our side today.
over a 72 hour period we made 23 blocks one was a stale.
spilt it in about half and the first 36 hours 4 good blocks 1 stale .
the last 36 hours 18 good blocks. rough but close estimate.
Hmm is this good for non ASIC users though? Yes tthe pool found more blocks but the difficulty went way up and my percentage dropped from .14 / .15% to 11% the second that ASIC came online? Basically its like 1 ASIC owns the pool it seems to me.
Can we talk more about Lite coin? As i cant push all these cards any harder and i dont see the point of buying more at this point or even an ASIC without buying a ton of them. Sorta like real life monopoly big companies step in and take it all.
Just the way it seems to me is all. but still watching to see what happens.
March 13, 2013, 10:49:47 PM
March 13, 2013, 10:25:44 PM
I'm surprised this pool isn't more popular... I think a little variance from PPLNS is a fair trade for no fee. (The recent lucky streak is nice too )
) March 13, 2013, 05:44:38 PM
Woot seems like luck is on our side today.
over a 72 hour period we made 23 blocks one was a stale.
spilt it in about half and the first 36 hours 4 good blocks 1 stale .
the last 36 hours 18 good blocks. rough but close estimate.
March 13, 2013, 02:08:52 AM
carpo446 has mined 3 blocks already. Welcome to the pool!!
March 13, 2013, 01:23:33 AM
Woot seems like luck is on our side today.
March 12, 2013, 07:53:59 PM
I will look at litecoin when I have time. I see it is popular. 
It is not that much. Stability with ASICs + Stratum + uptime is more important.
March 12, 2013, 04:11:23 PM
YES THE ASIC IS NICE.
we just minted a block that says external what is this? never mind it dropped off now it says
225544 2013-03-12 21:07 27m 705,113 4,367,876 14.9% 1,856.798 BTC carpo446 119 left
my guess is that external only shows for a minute
we just minted a block that says external what is this? never mind it dropped off now it says
225544 2013-03-12 21:07 27m 705,113 4,367,876 14.9% 1,856.798 BTC carpo446 119 left
my guess is that external only shows for a minute
March 12, 2013, 12:42:25 PM
I spy with my little eye, something beginning with an A (and subsequently following with SIC). carpo446 at nearly 300 Ghs.
About time we get some ASIC backup
March 12, 2013, 11:48:36 AM
I spy with my little eye, something beginning with an A (and subsequently following with SIC). carpo446 at nearly 300 Ghs.
March 12, 2013, 10:19:07 AM
right now the network is at 24Th vs 43 Th right before the fork. I suggest cranking our gear up . It may be the asic gear is not working due to something about the fork.
ASIC miners are just as unaffected (or affected, depending on how you want to define this) by the fork as anyone else. I did notice that at the time of the fork, all three of my mining clusters crashed. A significant portion of the network is in EU and eastern/mid USA; many or most of those people would have been asleep during this event (and some of those still would be). If their software crashed as well it would take a while for them to wake up, realize what happened, and restart their miners.
TLDR: nothing to worry about. Eventually everyone will figure out they may need to restart their miners.
March 12, 2013, 09:53:15 AM
well we just did 3 blocks;
so 14 hours 0 block stale
8 hours 1 block good
2 hours 1 block good
0 min!! 1 block good
right now the network is at 24Th vs 43 Th right before the fork. I suggest cranking our gear up . It may be the asic gear is not working due to something about the fork.
so 14 hours 0 block stale
8 hours 1 block good
2 hours 1 block good
0 min!! 1 block good
right now the network is at 24Th vs 43 Th right before the fork. I suggest cranking our gear up . It may be the asic gear is not working due to something about the fork.
March 12, 2013, 06:47:26 AM
If you ignore the stale block that took 14 hours, we're nearly 22 hours now with nothing. Worst luck in a long time, and that's saying something after the recent unlucky streak... 
Can you imagine what a day that balances things out would look like? Come on good luck!
Can you imagine what a day that balances things out would look like? Come on good luck!Bad Luck is an understatement . First 10 days earned 5. bitcoins last 10 days .5 bitcoins. That is extremely bad luck. Mind you i cranked all 4 of my GPU's to the Max and even had to change my wiring in my house to 20amps to handle the load. at .5 bitcoin in 10 days i am def not covering even electric at this point.
But i keep plugging away because i love the pool and know what its like when its doing well plus its a friendly community so all i can do is cross my fingers and hope for the best.
Hang in there guys
Take Care
MybadOmen
March 12, 2013, 03:49:47 AM
If you ignore the stale block that took 14 hours, we're nearly 22 hours now with nothing. Worst luck in a long time, and that's saying something after the recent unlucky streak... Can you imagine what a day that balances things out would look like? Come on good luck!
Can you imagine what a day that balances things out would look like? Come on good luck! 
March 12, 2013, 12:00:27 AM
The earlier message may have been a bit cryptic. There was a block chain fork: http://bitcoin.org/chainfork.html
We were on 0.7 the whole time so we were on the "correct" side of the fork. Everything ok.
For more details about what happened, there's info all over bitcointalk. You may also want to look at the transcript from the bitcoin-dev IRC channel: http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12 - I guess it will be all over the news today as well.
We were on 0.7 the whole time so we were on the "correct" side of the fork. Everything ok.
For more details about what happened, there's info all over bitcointalk. You may also want to look at the transcript from the bitcoin-dev IRC channel: http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12 - I guess it will be all over the news today as well.
March 11, 2013, 10:25:31 PM
Sorry for the short downtime. We are on 0.7 and everything should be ok.
Thanks ! onward...
March 11, 2013, 10:18:31 PM
Sorry for the short downtime. We are on 0.7 and everything should be ok.
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