If you can find an old S3 that's a solid 500 GH/s that will run reasonably quiet, i.e. you can run it in your home and not be bothered by it.
Nice to see the pool hash rate up, let's get a block!
Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 21. (Read 324945 times)
December 26, 2017, 11:55:56 PM
December 26, 2017, 09:30:51 PM
Aloha!
I read a few of your helpful posts in the forum...
And I've seen your promote & defend Bitminter with class (even when people were not polite).
Thank you for what you've created and all you've done.
I see a LOT of posts where people ask which miner to get, and the answer is almost always to buy coins. I want to mine them, so..
Can you recommend a good used miner?
One which works with Bitminter.
Thanks,
-eMiner
P.S. Noise & price are issues, however, electric is included in my monthly so that's not an issue.
I read a few of your helpful posts in the forum...
And I've seen your promote & defend Bitminter with class (even when people were not polite).
Thank you for what you've created and all you've done.
I see a LOT of posts where people ask which miner to get, and the answer is almost always to buy coins. I want to mine them, so..
Can you recommend a good used miner?
One which works with Bitminter.
Thanks,
-eMiner
P.S. Noise & price are issues, however, electric is included in my monthly so that's not an issue.
December 23, 2017, 05:50:01 PM
Differences in payouts will be mostly due to luck.
We use PPLNS with shifts. Your work gets registered in shifts. When someone mining in the pool finds a block you get paid. Your share of the coins from the block depends on your share of the work done in the last 10 completed shifts.
All work is paid the same way. As long as it is among the last 10 completed shifts when a block is found, it gets its share of the coins from the block.
There is no punishment if you stop mining. But of course, if you stop mining then you do less work, so you get paid less. Your old work will be fully paid after a while (no longer in the 10 latest shifts). After that you don't get paid unless you mine more. All work is paid equally, but once it is paid, it's paid.
Bitminter is a smaller pool, but going for a comeback now. In the last 2-3 weeks we have gone from 2 PH/s to 4 PH/s. We're now on our way to 5 PH/s (5000 TH/s). Join us and help us push back up to a good hashrate.
We use PPLNS with shifts. Your work gets registered in shifts. When someone mining in the pool finds a block you get paid. Your share of the coins from the block depends on your share of the work done in the last 10 completed shifts.
All work is paid the same way. As long as it is among the last 10 completed shifts when a block is found, it gets its share of the coins from the block.
There is no punishment if you stop mining. But of course, if you stop mining then you do less work, so you get paid less. Your old work will be fully paid after a while (no longer in the 10 latest shifts). After that you don't get paid unless you mine more. All work is paid equally, but once it is paid, it's paid.
Bitminter is a smaller pool, but going for a comeback now. In the last 2-3 weeks we have gone from 2 PH/s to 4 PH/s. We're now on our way to 5 PH/s (5000 TH/s). Join us and help us push back up to a good hashrate.
December 22, 2017, 04:11:58 PM
Hello Bitminter Community.
I am taking my first ASIC Miner out of the box today. Still looking at options for pools. Can anyone help me compare Bitminter and Slushpool in terms of payouts over a week, month, year? As well as the intangibles like community, support, etc.
Obviously y'all prefer to be here because here you are.
I know there are different fee structures and payout methods, but I guess I just want to dial that down to actual numbers. Is a smaller pool like this less consistent but overall more lucrative if you have patience?
Also, the plan is to run the miner 24/7 but inevitably it will have to be turned off from time to time to move, etc. I've not ready anything about what happens when you disconnect for a short time. Do your shares go down to zero?
Still a lot more to read, but I just wanted to say hello first.
I am taking my first ASIC Miner out of the box today. Still looking at options for pools. Can anyone help me compare Bitminter and Slushpool in terms of payouts over a week, month, year? As well as the intangibles like community, support, etc.
Obviously y'all prefer to be here because here you are.
I know there are different fee structures and payout methods, but I guess I just want to dial that down to actual numbers. Is a smaller pool like this less consistent but overall more lucrative if you have patience?
Also, the plan is to run the miner 24/7 but inevitably it will have to be turned off from time to time to move, etc. I've not ready anything about what happens when you disconnect for a short time. Do your shares go down to zero?
Still a lot more to read, but I just wanted to say hello first.
December 20, 2017, 10:50:36 AM
Bitcoin Cash may get added in the future. But every new fork popping up will not be supported. Make sure you cash out your coins from Bitminter to a wallet where you control the private keys. You will then be able to follow all the forks that happen after that.
December 20, 2017, 01:33:19 AM
Now that Bitcoin Cash seems to have gained credibility, are there any plans to release those of us that left BTC at the mining pool wallet instead of moving it into our own wallets? Maybe even like 50% of what we should have gotten as an idiot fee?
All you are BCC are belong to us!
Anyway, just wanted to say "hey" and "hrrmmmmwnnhmmm" from my Antminer S9. Happy hashing and good luck! P.S. props to whomever just increased the pool's hash rate by 25%.
December 19, 2017, 06:08:40 PM
Now that Bitcoin Cash seems to have gained credibility, are there any plans to release those of us that left BTC at the mining pool wallet instead of moving it into our own wallets? Maybe even like 50% of what we should have gotten as an idiot fee?
December 19, 2017, 02:42:49 AM
Today Bitminter experienced a critical failure with a central server.
The website was inaccessible for 1 hour 10 minutes. Mining was down for 13 minutes.
We apologize for the down time. Mining services are top priority and can normally be isolated from issues like this. But in this instance it was not possible to do so completely.
The website was inaccessible for 1 hour 10 minutes. Mining was down for 13 minutes.
We apologize for the down time. Mining services are top priority and can normally be isolated from issues like this. But in this instance it was not possible to do so completely.
December 11, 2017, 11:55:13 PM
Thanks, yes I meant the auto cash out value, but neglected to state that. Makes sense, though, mine on!
December 11, 2017, 07:25:06 AM
With they skyrocket in BTC value has there been any discussion about reducing the minimum payout value from 0.01 to maybe 0.001, or something?
For smaller amounts please use "my account" -> "send coins" in the website menu.
There probably won't be a smaller amount than 0.01 where Bitminter will pay the transaction fee for you when you cash out.
An improvement might be the option of setting a lower auto cash out threshold but that in this case a fee would be deducted from your account when the auto cash out happens. On the other hand, many would probably be unhappy with this as it would sometimes trigger when there is extreme transaction spam, several hundred thousand backlogged transactions in the bitcoin network, and very high fees.
These days in bitcoin the transaction fees are either big or humongous. Automating paying fees at random times can be quite risky. Yes, Bitminter is doing this itself and when auto cash out happens during the worst transaction spam times it does get expensive for the pool.
If not for the fees there would of course be free auto cash out for amounts below 0.01.
December 11, 2017, 12:00:31 AM
With they skyrocket in BTC value has there been any discussion about reducing the minimum payout value from 0.01 to maybe 0.001, or something?
December 08, 2017, 04:39:36 PM
Fee to use "send coins" on our website now adjusted to 0.0011 BTC.
There has been a flood of transactions on the bitcoin network and there is now a big backlog. We'll adjust the fee again once bitcoin is back to normal.
If you have stuck transactions, many are in the same boat. Thankfully the backlog seems to be shrinking - things may be back to normal within a few days.
Remember, if you have 0.01 BTC then you can cash out for free using auto cash out. That's under "my account" -> "overview" in the website menu.
There has been a flood of transactions on the bitcoin network and there is now a big backlog. We'll adjust the fee again once bitcoin is back to normal.
If you have stuck transactions, many are in the same boat. Thankfully the backlog seems to be shrinking - things may be back to normal within a few days.
Remember, if you have 0.01 BTC then you can cash out for free using auto cash out. That's under "my account" -> "overview" in the website menu.
December 05, 2017, 10:22:21 AM
No, we don't have solo mining.
12.5 BTC is not half a block, it's 100% of the new coins in the block currently. In addition to this there is also income from transaction fees.
Yes, it used to be 25 new coins per block, and 50 before that. This is halved approximately every 4 years. Watch the countdown on bitcoinclock.com
It would be possible to have a pool where you paid over 50% in mining fees and you got half the income from the block when you found one. But I don't think there's a market for it.
You can instead put 50% of your hashpower on Bitminter and use the other 50% for solo mining.
12.5 BTC is not half a block, it's 100% of the new coins in the block currently. In addition to this there is also income from transaction fees.
Yes, it used to be 25 new coins per block, and 50 before that. This is halved approximately every 4 years. Watch the countdown on bitcoinclock.com
It would be possible to have a pool where you paid over 50% in mining fees and you got half the income from the block when you found one. But I don't think there's a market for it.
You can instead put 50% of your hashpower on Bitminter and use the other 50% for solo mining.
Awesome. Thanks you very much for the input!
December 05, 2017, 09:22:43 AM
With BitMinter, if my rig discovers a new block, do I receive half of it like Slushpool, or just a proportion of my work for the discovery? TIA!
That doesn't happen on slushpool either.Hmmm, I was thinking that one did that - it's been a couple years since I mined a lot. For some reason, I was thinking you got 12.5 BTC if you discovered a block.
Thats solo mining, not regular pool mining. So you either mine on your own, against your own bitcoind or there are a couple of solo pools that have setup all the infrastructure for you to mine against, they may charge a small fee but you get nearly all of the 12.5BTC if you find the block.
They are promoted in this very forum.
Awesome. Thanks you very much for the input!
December 05, 2017, 04:28:24 AM
No, we don't have solo mining.
12.5 BTC is not half a block, it's 100% of the new coins in the block currently. In addition to this there is also income from transaction fees.
Yes, it used to be 25 new coins per block, and 50 before that. This is halved approximately every 4 years. Watch the countdown on bitcoinclock.com
It would be possible to have a pool where you paid over 50% in mining fees and you got half the income from the block when you found one. But I don't think there's a market for it.
You can instead put 50% of your hashpower on Bitminter and use the other 50% for solo mining.
12.5 BTC is not half a block, it's 100% of the new coins in the block currently. In addition to this there is also income from transaction fees.
Yes, it used to be 25 new coins per block, and 50 before that. This is halved approximately every 4 years. Watch the countdown on bitcoinclock.com
It would be possible to have a pool where you paid over 50% in mining fees and you got half the income from the block when you found one. But I don't think there's a market for it.
You can instead put 50% of your hashpower on Bitminter and use the other 50% for solo mining.
December 05, 2017, 03:17:33 AM
With BitMinter, if my rig discovers a new block, do I receive half of it like Slushpool, or just a proportion of my work for the discovery? TIA!
That doesn't happen on slushpool either.Hmmm, I was thinking that one did that - it's been a couple years since I mined a lot. For some reason, I was thinking you got 12.5 BTC if you discovered a block.
Thats solo mining, not regular pool mining. So you either mine on your own, against your own bitcoind or there are a couple of solo pools that have setup all the infrastructure for you to mine against, they may charge a small fee but you get nearly all of the 12.5BTC if you find the block.
They are promoted in this very forum.
December 05, 2017, 12:29:55 AM
With BitMinter, if my rig discovers a new block, do I receive half of it like Slushpool, or just a proportion of my work for the discovery? TIA!
That doesn't happen on slushpool either.Hmmm, I was thinking that one did that - it's been a couple years since I mined a lot. For some reason, I was thinking you got 12.5 BTC if you discovered a block.
December 05, 2017, 12:22:12 AM
With BitMinter, if my rig discovers a new block, do I receive half of it like Slushpool, or just a proportion of my work for the discovery? TIA!
That doesn't happen on slushpool either. December 05, 2017, 12:20:49 AM
With BitMinter, if my rig discovers a new block, do I receive half of it like Slushpool, or just a proportion of my work for the discovery? TIA!
December 01, 2017, 08:40:27 PM
The fee to withdraw bitcoins with "send coins" has been reduced from 0.0013 BTC to 0.0005 BTC.
As always, if you have 0.01 BTC or more then you can withdraw for free using auto cash out instead.
As always, if you have 0.01 BTC or more then you can withdraw for free using auto cash out instead.
Jump to: