Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 17. (Read 324687 times)

I’m saying that based on the fact that I’m a developer. Apart from that I know that it requires an amount of time to be done and that part of code won’t develop itself. I’ll always be grateful to Bitminter’s Developer & staff for their work. It wasn’t my aim to look like a “boss” or something. 

This is definitely my favorite option, however I won't say it shouldn't be that hard to develop since I couldn't do it. I'll just hold out hope that DrHaribo can pull out some more magic and allow the users to decide independently on the style they prefer. Either way, I'm not planning on going anywhere. Thanks for the great pool Doc!

What about giving to users an option to switch between gh and th? It shouldn’t be that hard to develop.  I guess that many users won’t need to see gh values, but it could be nice to the other few to have that option.

+1 someone who likes it, looks cleaner, sorry Mostdanger

Well, I know I am in the minority here, but now everything shows zeros for me or almost zeros, I thought something was majorly broken and I guess it's me.
Very disconcerting to see this "update" and I don't care for it.

EDIT:  Makes it very hard to determine if my lowly miners are actually doing anything.

The fee for sending BTC with "send coins" has been reduced to 0.0004 BTC. It is great to see bitcoin transactions becoming cheaper. Hopefully this development will continue.

There has been some changes to the stats, showing hashrates in TH/s instead of GH/s. In the livestats the comma separator has been replaced with space. So the difficulty is shown as 2 603 077 300 219 instead of 2,603,077,300,219. The comma was confusing to some users as comma and dot/point are used differently in different countries. In some countries 2,000 TH/s means you have 2000 TH/s, in others it means you have 2 TH/s. It depends on whether comma is decimal separator or group separator in your part of the world.

This is a work in progress, the changes have not been applied everywhere on the website yet.

As always, let me know if you have any suggestions/feedback.

I'd say leave that up to feedback from other users. i might be the only one. Thanks for hearing me though! I think one or two digits would be fantastic. Whatever is easiest for you. Ultimately, we're just here to solve those blocks!

How about showing one digit after the decimal point in the live stats and worker page, like it is on the shifts page? Then it's down to 100 GH/s which is very little today.

While I appreciate the work and never want to come off as not appreciative I am hoping there will be an option for the user to switch between seeing Gh/s vs Th/s. Again I always appreciate moving forward and progress on the website, but Gh/s was very nice for me to see where my miners are coming at a nice 5 digit number like 25,789 vs all of my shifts showing 25.

Hopefully this could be a user choice in settings.

That is true of luck but there other important factors when choosing a pool. The payout systems and fees are what will make the real difference to the returns you receive for mining. Unlike Bitminter some pools only share out the block reward and do not pay the tx fees they collect. That's a large proportion of the income these days. With only a 1% fee you'll find Bitminter is one of the best. Also, you should look back through this thread to see how helpful and knowledgeable DrHaribo is. He always puts in the time and effort to help his customers out (and he'll probably come along soon and answer this question much better than I just did).

This pool pays weel is all I can say. It is the short blocks that makes the money here. In the end it all is the same. I mean pool wise. They all just about have the ssame luck over time. Just really matters if you are mining in the pool when it has its lucky periods. When Bitmineter hits 25% 3 blocks in row. You will make a killing.

I personally have miners here at Bitminter and at Kano. I'm still waiting on my first block since coming back online in early January (I sold my old units and purchased 4 brand new S9s from BitMain). Once we solve a block I will break down my total Th/s for you over the 10 shifts and give you the payout amount I received which you should be able to break down. Personally I'm happy here, and I'm happy at Kano. Kano has a higher hashrate which theoretically means less time between blocks, but also means less pay per block for you as well.

Welcome to BitMinter and hopefully you give a miner or two a shot in the meantime. Now is a great time to get started with us since this is a long ass block, you could potentially get a full payout on it if it takes us long enough to solve!

hey all!

I have only been mining for about a month! currently running 4 741s---but have 2 821s coming soon and then 4 s9s coming in march----i began mining with viabtc, as i wanted to start with mining BCH---however, now that profitability has evened out, I am currently mining BTC---which i would have never chosen viabtc pool for mining BTC...

anyhow, for btc pools im looking into slush, kano, and bitminter---i was researching bitminter and stumbled upon this thread----overall how do you guys like it? what do you find your average daily payout is per TH? I understand its a much smaller pool and youre only being paid once blocks are found and completed---whcih can take weeks---what do you find your payout is per TH after waiting 2 weeks for block completion? or even monthly?

Im just weighing my options and trying to figure out more about bitminter, and from the posts im seeing, it seems as though you are all very happy there---i am just curious as to what type of average payouts you all are receiving versus the other pools you are in!

Thank you guys for your help---i look forward to hearing back! cant believe it took me as long as it did to get into mining---it sure is fun/addicting---even with profitability down over the last however long i am still having a blast doing it!

I really thought that our block find time would go down since we have doubled our hash rate in the last month and a half. I know the difficulty is up but I hoped our hash rate increase would have helped to keep up.

It's a bit discouraging to see your percentage dropping and seeing the block find time going up.

I've been with Bitminter since I started. Fingers crossed that luck will turn our way!! 

Trust me, seeing the zeroes hurts. I get it. Seeing the difficulty increase hurts. I feel it too. However, when you get paid, you get PAID! This has been my go to pool for as long as I have been mining (which I assure you isn't very long compared to many). I don't have all my eggs in one basket just for this reason. I have 50% here and 50% at a different PPLNS pool. I'm not encouraging that or claiming one is better than the other, just hoping you understand we all go through the same feelings. Stick around, you'll be glad you did!

Sure, if you had a higher share of hashrate in the shifts that got no pay and a lower share of the hashrate in the shifts that later got paid, then you would have gotten paid more if the block was found sooner.

This isn't a huge effect since our hashrate usually doesn't change that quickly.

It could be evened out more with longer shifts, of course.

One negative impact of long shifts, beyond it taking a long time to get paid after you did some work, is the psychological effect it has. Many misunderstand and think they have to mine for free or for low pay until they have filled 10 shifts and only then do they get paid properly. They call this a "ramp up". We used to have a number on the website showing what amount you would earn right now if we find a block (in those days transactions fees were almost zero). This lead to a lot of complaints about "ramp up" so it had to be removed. The current stats try to show useful data without leading people into misunderstandings.

In reality all work is paid the same way. If you do an hour of work it gets paid the same way as all other work, from blocks found while that work is among the 10 latest completed shifts. It doesn't matter if it is your first hour, your last, or somewhere in the middle. It does not get paid less because you did or did not do some other work.

It's the same thing with questions about whether there is a punishment if you stop mining. No, there is no punishment. Your work is still paid the same way. But you don't get paid for work you didn't do. There is no "ramp down". After you stop mining you are not getting paid for not working. You are still getting (delayed) pay for work you have done before.

This reminds me of the person that commented on Bitminter on mywot.com that he mined some coins in 2014, left, and when he came back in 2017 there was the same amount. This is not a punishment. To mine coins you have to actually mine. It's hard to believe that Bitminter would get a reduced reputation score for something like this, but that's how it is.

The current reward system and the statistics on the website are an attempt at balance between these different concerns and the misunderstandings over the years.

If I'm 1% of the hashrate of unpaid work though (on the disappeared shifts), then say only 0.5% of the hashrate of what WILL be paid out on the 10 shifts, does that make me worse off?

(%age drops because overall pool hashrate goes up during the current block)

Or is the theory then that the block was solved sooner BECAUSE of the extra hashrate, so I'm still in the same boat?

Not being difficult you understand, just trying to get my head around it, and the reasoning! :-)  Understand the bit re: part-time mining...

If you mine 24/7 then it doesn't matter. If you have 1% of the pool hashrate then you get 1% of the coins that are paid out. Does it matter exactly which work you got paid for? No.

If you are a part time miner then things get more difficult. If you got paid for all the work you did going 6 months back, then any hour you decide to do some mining that hour will be paid pretty much the same each time. However, it would take 6 months after you did an hour of mining until it was fully paid. That's a long time to wait.

So for part time miners we have to try to find a balance between evening out payments and not taking too long to finish paying some work done in the past.

Yes. If a shift drops out of the last 10 before a block is found you receive no reward.


The length of shifts is calculated to make the probability of them going unrewarded quite low. IIRC in the past adjustments have been made by making the shifts longer rather than increasing the number of shifts eligible for pay, although this obviously has the same effect. As mining is based on luck whatever numbers you use there will always be exceptional times when some shifts go unrewarded. If it starts to happen frequently then DrHaribo may decide to increase the length of the shifts.