Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 (Read 324945 times)

I think the best giveaway you can give for Bitcoiners is Bitcoin. Look at the IBM "its raining Bitcoin" thing that they did, it was a massive success. So get a decent giveaway of Bitcoin going and you'll keep people going back every year..”
Ten Years Ago Satoshi Nakamoto Logged Off - The Final Message from Bitcoin's Inventor
Satoshi Nakamoto’s last written post on the forum bitcointalk.org on December 12, 2010.
‘More Work to Do’.”
Ten Years Ago Satoshi Nakamoto Logged Off - The Final Message from Bitcoin's Inventor
Satoshi Nakamoto’s last written post on the forum bitcointalk.org on December 12, 2010.
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Ten years ago today, the pseudonymous programmer (or programmers) Satoshi Nakamoto logged into the forum bitcointalk.org one last time, and left the Bitcoin community for good. The day prior Nakamoto wrote a final message to the crypto community by offering a quick build and telling developers that there’s more work to be done on denial-of-service (DoS) attacks.
September 6, 2012
Location: New York City, NY USA
https://twitter.com/ufc257mcgregor
https://oktagonmma.tumblr.com
https://twitter.com/i/events/1339994199903457282
https://twitter.com/i/events/1339994717975527424
https://igps.ru/zywo/KI-boks-tv01.html
https://igps.ru/zywo/KI-boks-tv02.html
https://igps.ru/zywo/bol-boks-tv03.html

The website is up and working for a lot of people. But you are the second person to ask about the website being down.

Are you getting a Cloudflare page saying our server is down? Most likely it is Cloudflare in your region that is having issues. Unfortunately they always show this error page claiming it is the destination server that is down.

You can wait and try again later. Or if you have another Internet Service Provider then you can try that (for example on mobile).

You can also contact [email protected] and give me your IP address there and I can try to figure out what's going on. Actually I don't need your exact IP address, it's enough with your ASN. It can identify your ISP/network, but not you. You can find your IP address with a free service like https://www.myip.com/ and you could look up its ASN with e.g. https://iptoasn.com/

Hello There,

I have an account but I can not reach out the website is there some maintenance going on?

Wow another one bites the dust very sad to see your pool go seems we're losing pools more and more now I fear we're wandering into the unknown and dangerous territory with less pool sad to see you go and wish you the best on whatever you turn to next.

I never mined here, but I'm sorry to see you go.

You have always been a class act. Thank you for helping me to start back in 2012.

Thank you all for having mined with Bitminter.

Mining has now ended on the Bitminter servers after 9 years of almost non-stop mining.

Unless P2pool is still around, I believe Slush pool is now the last of the old pools that is still up. I hope they keep going!

I too would like to thank you for providing such an accessible pool for me as a hobby miner and it was your pool that first introduced me to bitcoin mining, I can't even remember how I found it now!

I wish you all the best for the future 

Just wanted to say thank you very much Dr Haribo for providing an excellent pool in every aspect. I have had to switch over to another pool this evening as I will be working a very long day tomorrow so wont have to time to alter my raspi/gekkos.

All the best for your future endeavors 

2011 pools listed on https://en.bitcoin.it/wiki/Comparison_of_mining_pools: Eligius (closed), P2Pool (still up?), BitMinter (closing July 1, 2020), BTCMP (closed)

I mined 2013-present first (and last!) on BitMinter, with lots in the middle on GHash (closed) and Eligius (closed).

Is Bitminter the last 2011-pool to shut down? Or are there any pools from 2011 still running?

2011 was a year a lot of Bitcoin pools started. Not sure how many it was, but it was quite a few.

And scenarios such as that are why Kano banned rental hash.
 A couple years back his pool was also hit but thanks to his near anal obsession to keep complete records in KDB of every share sent/received for entire history of the pool, kano was able to re-run detailed results of share diffs returned from the very large rentals vs expected results, catch what was happening (not just possibly withheld blocks but also a far from typical spread of low to very low diff shares returned) and promptly banned further rentals. Took a month or 2 to notice something was up but once he did he had all the data to verify suspicions and take swift action.

It must also be added that yes, owners of said rental hash were still paid as their 5nd ramped down. While unsavory to pay hash thieves their full 'earnings' it was still the ethical thing to do.  

That said, RIP Bitminter  

We did back to back .99 cdf and we did 6 or 7 blocks of 10  over .92 cdf

the math of back to .99 cdf is 10000 to 1 shot.

then add in 5 of 8 over .92 cdf

odds are really high for that to have happened.

it is more likely the pool was under attack.

point shit miners that can't hit a block at nicehash to hide them  then rent from nicehash and point the miners to bitminter.   your cost is around 6%.

ie every 100 btc you get back 94 btc.

back in the day the math showed this was happening often.  to a lot of smaller pools.

in that 10 block stretch where bitminter had 7 of 10 over .92 cdf with a back to back .99 cdf

it became obvious to me that any smaller pool could be attacked this way.

I mostly moved to viabtc and nicehash  as you get .96 percent luck or better every day.

about .52 cdf for certain.

Small pools are subject to these attacks unless they have a lot of certain hash from a big miner.

kano.is  has made over 2500 blocks  first 1500 blocks they were .48 cdf really good number.

last 1000 blocks .53 cdf

long bad luck streaks kill off pools. 

You have a ton of other risks involved.

I am the main miner at mmpool.org

we have not hit in 2 years. plus   I am due 1.1 btc if we hit today.

So every day I am at constant risk of the pool shutting down.


I can't do this

at kano.is
ckpool.org
bitminer.com
mmpool.org

I have to point a lot of my hash at a certain payoff pool.

I truly think that the Core developers and the community should think about going back to the true nature of Bitcoin, and change the mining rules and requirements so that each and every user can mine and make a (small) profit by contributing to the network.

I mined on Bitminter several years ago when I was just getting started with bitcoin mining. I never thought I'd see the day where it would be shut down. But unfortunately, this is the fate of the Bitcoin network. It seems that especially non-chinese pools are dropping left and right these days with the network power now being centralized among a small few players. Sad to see such a historic and important pool to be among those that are shutting down.

EDIT:People with miners seriously need to consider moving their power from larger pools to smaller ones. The whole goal of the Bitcoin network is to be decentralized and fair, but the increasing congregation of hashing power among a small number of pools indicates the network is pulling hard in the other direction

I loved using Bitminter. Is there anything similar where you can mine using some low-price and independent solutions, such as USB miners or something similar?

Yep, but note I asked if hash rate stayed the same..

So I suppose I'm asking, why leave in the first place..

If your 2% shrinks to 1%, the leaving 1% must've thought their bread buttered better elsewhere..

But if it's all luck, and your 1 larger payment at BM every 30 days is about on par with 30 way smaller payments elsewhere every day, then why leave?

Just psychological for one or two at first, but that's enough to start the snowball rolling?

Or, were they definitely better off elsewhere?

When YOU moved, if ONLY you had moved, would you have been better off longer term?

pool shrinks a bit  say from 2% to 1%

this is about 6 blocks every 2 days down to 3 blocks every 2 days.

this happened a while back. 

then a cold streak.  I left when this pool had back to back .99 cdf  so you hit  2 blocks in  11 days vs  less then 2 days.

during the cold streak when I left 7 of 10 blocks were .90 cdf or higher.

crazy bad variance.

A lot of us left at that time

pools share got lower then 1% 

lower than 0.5% 

so on and so forth.

I am sad to see this happen.  I mined my first 0.01 BTC on BitMinter in September of 2013.  I keep a set of 20 Antminer U2s on my desk pointed at the pool even today.  Thank you for providing a pool so accessible during the critical nascent explosion of this marvelous new technology.  Sad to see it close, but if there are not enough miners using the pool, it seems like the only reasonable choice. [New account because previous one (canford) was hacked years ago.]

So out of interest, why have many folks moved on? Assuming hashrate about the same, all pools must pay out about the same, give or take?