Well, I don't get rich. But the pool lives on. 
I appreciate your continued commitment to providing a quality service.
Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 32. (Read 324945 times)
September 27, 2016, 03:53:42 PM
September 23, 2016, 04:55:11 PM
Well, I don't get rich. But the pool lives on.
I appreciate your continued commitment to providing a quality service. 
September 23, 2016, 04:13:24 PM
Well, I don't get rich. But the pool lives on.
September 23, 2016, 02:35:19 PM
Hey Doc, at what point does it no longer become viable for you to keep Bitminter going? Based upon 8 blocks a month, in fees, you're making less than $100/block. I'm sure in time and resources, it costs much more than that to run the pool. Do you do it out of your good heart or maybe the advertisements you run make it worth it?
A quick back of the napkin calculation tells me that for a 12.5 BTC block not including transaction fees, DrHaribo takes home 0.125 BTC per block. If BitMinter averages 8 blocks a month, DrHaribo takes home 1.0 BTC a month. That is certainly more than $100/mo, but I would agree that it is likely below the break-even point even if you include transaction fees.Oops. Meant less than $100/block, not month.
$600/mo. may pay the hard costs with low cost VPS/self managed dedicated servers. Considering the time expenditure for keeping things running, it's probably a loss.
September 23, 2016, 02:28:48 AM
Hey Doc, at what point does it no longer become viable for you to keep Bitminter going? Based upon 8 blocks a month, in fees, you're making less than $100/mo. I'm sure in time and resources, it costs much more than that to run the pool. Do you do it out of your good heart or maybe the advertisements you run make it worth it?
A quick back of the napkin calculation tells me that for a 12.5 BTC block not including transaction fees, DrHaribo takes home 0.125 BTC per block. If BitMinter averages 8 blocks a month, DrHaribo takes home 1.0 BTC a month. That is certainly more than $100/mo, but I would agree that it is likely below the break-even point even if you include transaction fees. September 22, 2016, 03:47:43 PM
Hey Doc, at what point does it no longer become viable for you to keep Bitminter going? Based upon 8 blocks a month, in fees, you're making less than $100/block. I'm sure in time and resources, it costs much more than that to run the pool. Do you do it out of your good heart or maybe the advertisements you run make it worth it?
September 05, 2016, 12:30:33 AM
Come on three in a row!!!
I am kind of bummed because one of my miners glitched out and it was only mining at 20% speed for 4 shifts. A whole day went by before I noticed. UGH September 04, 2016, 02:15:41 PM
Come on three in a row!!!
September 04, 2016, 01:33:31 PM
September 04, 2016, 05:20:29 AM
Finally, we are on to the next block. GREEN GREEN GREEN
September 03, 2016, 07:04:13 PM
It means, i will earn nothing from PC, or i will earn only few satoshi?
my performance is around 40Mh/s , but this pc can work non stop.
my performance is around 40Mh/s , but this pc can work non stop.
You earn a couple satoshis. You can never cash them out. To reach the minimum cash out limit would take years. And we have the lowest cash out limit of any pool, as far as I know. (when you use "send coins", not auto cash out)
40 MH/s was extremely slow even in 2011, about CPU-level speed, and would not be recommended even then. In 2011 most people mined with gaming GPUs that did around 300 MH/s.
and can you please tell me, how to fill username to see my statistics in bitminter web page?
Not sure what you mean here. If you mine with the correct user name then you should see accepted work being registered, although it may take many hours with such a low hashrate. You will not see a live hashrate though. At 0.04 GH/s you are mining so slow the website can't tell if you are mining, and even if it could it would be rounded down to 0 GH/s for the live hashrate display.
Unfortunately graphics cards are no longer even useful to test how mining works.
September 03, 2016, 05:02:22 PM
Thanks DrHaribo for answer.
It means, i will earn nothing from PC, or i will earn only few satoshi?
my performance is around 40Mh/s , but this pc can work non stop.
and can you please tell me, how to fill username to see my statistics in bitminter web page?
thanks
It means, i will earn nothing from PC, or i will earn only few satoshi?
my performance is around 40Mh/s , but this pc can work non stop.
and can you please tell me, how to fill username to see my statistics in bitminter web page?
thanks
September 03, 2016, 04:50:07 PM
but when i see statistics, i see nothing, 0 workers, 0 Ghps...
PCs are useless for mining. You need to buy ASIC hardware. Popular right now are Antminer R4 and S9 from bitmaintech.com
There's also used mining hardware on ebay and similar places. But don't buy outdated USB-based hardware that is both extremely slow and extremely expensive per GH/s.
what is "shift" , what is "share" and how it works??
The work (shares) you do is registered in shifts. When someone in the pool finds a block the coins we earn from that block are paid depending on how much work you did in the last 10 shifts.
Some more details on how the payouts work here: https://bitcointalksearch.org/topic/m.2769824
September 03, 2016, 04:00:53 PM
hi, please help me, i am new in bitminter (and in bitcoin mining too)
i downloaded GUIMiner , and set up server: eu1.bitminter.com port 3333
username was set up my login from bitminter..
in bitminter i made one worker like my login in bitminter...
but when i see statistics, i see nothing, 0 workers, 0 Ghps...
and GUIMiner told me, i have 7 shares accepted...
btw is there some guide? what is "shift" , what is "share" and how it works??
thanks
i downloaded GUIMiner , and set up server: eu1.bitminter.com port 3333
username was set up my login from bitminter..
in bitminter i made one worker like my login in bitminter...
but when i see statistics, i see nothing, 0 workers, 0 Ghps...
and GUIMiner told me, i have 7 shares accepted...
btw is there some guide? what is "shift" , what is "share" and how it works??
thanks
August 29, 2016, 07:13:37 PM
Come on 3 more blocks in 2 days so I can break even. PLEASE!!!
Heh heh, I'm just happy to get a few more blocks under my belt and get to my payout threshold. Now I just need to finish resyncing core so I can see the lovely coin in my wallet. August 29, 2016, 06:01:52 PM
Come on 3 more blocks in 2 days so I can break even. PLEASE!!!
Here is to hoping. August 29, 2016, 02:59:18 PM
Come on 3 more blocks in 2 days so I can break even. PLEASE!!!
August 26, 2016, 07:40:45 AM
Damn straight we need some greens now!!
August 26, 2016, 05:55:02 AM
Well, that one is done. We need a few greens now to help make up for all the red.
August 26, 2016, 04:52:25 AM
I see a red block and I wanted it painted green.
I have to turn my head until the redness goes.
Nice I'm glad someone picked up on the song. Now where the hell did this 10ph come from? I think himawan is determined to crack this one. I hope it's gets us a double whammy!
Was a good one and good song. Funny enough, I've been playing the cover by Hidden Citizens to death lately, so it made me laugh extra.
Yeah, we need all the help we can get to see more green! At this point, I'm just burning electricity with the small amount of old miners I've left on. It's a shame that my +.11c kwh is not worth it anymore to buy a new miner. Jump to: