WooooHooooooo 5th. Great Job!
hehe - Do It Again!
----------------------
I will donate 2 each $100.00 Bitmain Coupons to each person that solves a BLOCK until the 11th of April. Just PM me with your Bitmain Address and I will donate one to you once you solve a block.
Let's ROCK this Pool!
5th, PM me with your Bitmain Address. Congrats!
EDIT: 11th of April.
Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 42. (Read 325004 times)
March 29, 2016, 09:36:17 AM
March 28, 2016, 05:32:26 PM
Bitmain just came out with the ANTMINER S7 BATCH 15 for $582 USD (1.4 BTC). I have quite a few coupons for $100.00 USD each. I can give out one per person. Just PM me with your Bitmain Address and I will donate one to you. We have to increase this pool to compete with the big boys!
Awesome move. Thank you!
March 28, 2016, 01:49:11 PM
Fefox, fancy working your magic on this block please? 
March 26, 2016, 02:30:41 PM
Hello,
Bitmain just came out with the ANTMINER S7 BATCH 15 for $582 USD (1.4 BTC). I have quite a few coupons for $100.00 USD each. I can give out one per person. Just PM me with your Bitmain Address and I will donate one to you. We have to increase this pool to compete with the big boys!
Bitmain just came out with the ANTMINER S7 BATCH 15 for $582 USD (1.4 BTC). I have quite a few coupons for $100.00 USD each. I can give out one per person. Just PM me with your Bitmain Address and I will donate one to you. We have to increase this pool to compete with the big boys!
March 26, 2016, 01:56:54 AM
Bravo Fefox! Whats your secret? Some super duper code you've written yourself?
March 25, 2016, 08:34:36 AM
On the other hand, people do play the penny slots at casinos for hours. There must be some attraction to it.
It's the draw of the risk to reward ratio. You risk relatively little to hope for a very large return. Sometimes it works. The vast majority of the time it does not.That and there are so many shiny lights to mesmerize you!
March 25, 2016, 05:33:06 AM
Thanks for the opinions on the shift length.
Personally I agree. It seems pointless to gamble with a small jackpot and with the odds stacked against you (as they always are at casinos and when renting overpriced hashes). On the other hand, people do play the penny slots at casinos for hours. There must be some attraction to it.
I do concur with scyth3. However, based on my previous assessment, I would also opine that having a greater risk versus reward ratio will attract more renters looking for a higher potential payout and will therefore increase the pool's average hashing rate.
Personally I agree. It seems pointless to gamble with a small jackpot and with the odds stacked against you (as they always are at casinos and when renting overpriced hashes). On the other hand, people do play the penny slots at casinos for hours. There must be some attraction to it.
March 25, 2016, 05:20:19 AM
How high a stale ratio do you get?
I would expect US east versus west would be a difference in stales of about 0.01% and 0.02%
In other words, it's not really going to help.
The problem with renting is that the rented hashes are going through the rental service, creating a lot more latency.
I'm not sure how specific rental services are set up, but imagine the worst case: a miner in Europe is rented out, but connected to a rental service server in the US, and you ask the rental service to deliver the hashes to the Bitminter server in Europe. Any communication between the miner and the Bitminter server is going to cross the Atlantic twice. This is bad.
I would expect US east versus west would be a difference in stales of about 0.01% and 0.02%
In other words, it's not really going to help.
The problem with renting is that the rented hashes are going through the rental service, creating a lot more latency.
I'm not sure how specific rental services are set up, but imagine the worst case: a miner in Europe is rented out, but connected to a rental service server in the US, and you ask the rental service to deliver the hashes to the Bitminter server in Europe. Any communication between the miner and the Bitminter server is going to cross the Atlantic twice. This is bad.
March 25, 2016, 01:29:34 AM
If I had 50Th of my own gear is rent all the time aswell. But ant afford to seeing as my little S3's don't pull in much of a share. I rent from time to time but never see a return on it. Not unless we hit double blocks which is rare these days for some reason.
March 25, 2016, 01:26:43 AM
Makes sense. Sure wish I could cut down on them!! 
March 25, 2016, 01:20:25 AM
I get a fair bit of rejected work when I rent. I rent nicehash in Europe and point it to bitminters eu server but still get more than I normally do on my own gear. Must be something to do with what miners are selected and if they keep switching miners to keep you at your Th/s request.
March 24, 2016, 11:46:47 PM
Doc,
I have heard you say previously that both US1 and US2 are located on the east coast. Also, that Bitminter is just an alias for one of the pools.
Could you give the locations of the pool servers or just the name of the server that is located the farthest west, please?
I'm getting lots of stale date, not much difference between the pools I try.
Perhaps the server that is farthest west will give me lower latency. I'm on the east coast, somewhat, but renting hash from the west coast.
If you have a different alternative for closer hash rental I'm all ears and will give it a try.
Thank you for any info you can share.
I have heard you say previously that both US1 and US2 are located on the east coast. Also, that Bitminter is just an alias for one of the pools.
Could you give the locations of the pool servers or just the name of the server that is located the farthest west, please?
I'm getting lots of stale date, not much difference between the pools I try.
Perhaps the server that is farthest west will give me lower latency. I'm on the east coast, somewhat, but renting hash from the west coast.
If you have a different alternative for closer hash rental I'm all ears and will give it a try.
Thank you for any info you can share.
March 23, 2016, 10:10:24 PM
Are there anyone who would be unhappy with doubling the shift size? It would make unpaid shifts much more rare.
The point of this debate should be about netting the pool a higher average hashing rate. Increasing the shift size will decrease the chance for unpaid shifts, but it will also decrease a renters potential maximum payout as it is tied directly to the shift size.My vote would be to leave it as-is. Don't fix what ain't broken.
I do concur with scyth3. However, based on my previous assessment, I would also opine that having a greater risk versus reward ratio will attract more renters looking for a higher potential payout and will therefore increase the pool's average hashing rate. March 23, 2016, 07:20:47 PM
I was just commenting on the sadness of seeing 11% shifts drop off.
Yeah, when renting a lot of hashpower for a short time there's a good chance you either double your money or lose it all.
I could double the size of each shift and we can see how that works out. I get the impression that most people renting hashes for Bitminter would prefer that. And those mining 24/7 with the same hashpower aren't affected much.
Are there anyone who would be unhappy with doubling the shift size? It would make unpaid shifts much more rare.
My vote would be to leave it as-is. Don't fix what ain't broken.
March 23, 2016, 06:15:03 PM
I suppose it is a fallacy that the more hash you add to the pool, the more likely it is you will find a block.
I may be misunderstanding your intent with this statement, but it is not a fallacy and in fact the sole and only thing you can do to increase your chance of solving a block is to add more hash power.
Adding more hash was my intent to increase my chances of finding a block. I was assuming that was correct. But since it hasn't worked out for me (so far), I will patiently await that moment.
It has, of course, increased my payout when others find a block. But I want to find my first block. Patience and luck are the keys I suppose.
Mostly luck, it seems! I will add additional hash as long as feasible.
March 23, 2016, 06:07:09 PM
I suppose it is a fallacy that the more hash you add to the pool, the more likely it is you will find a block.
I may be misunderstanding your intent with this statement, but it is not a fallacy and in fact the sole and only thing you can do to increase your chance of solving a block is to add more hash power.
March 23, 2016, 05:39:27 PM
I try to rent my hash power to last anywhere from 3-5 days depending on the completed duration of the block being worked on. (As it seems 5 days and some hours is the longest without a block being found on average.)
Personally, I would not be adverse to lengthening the shift size. I don't know what others think. But that's just me.
I also don't know the ramifications of doing that. So may the more knowledgeable minds prevail.
Thank you for the reply.
P.S. Yes, I suppose I am a small miner because I only have two s7's running 24/7. But I have been trying to increase my hash by renting enough hash to cover what "may" be the length of time to find a block. I have recieved some nice payouts on on my combined hash power. But I'm still shooting for that elusive block to call my own.
Personally, I would not be adverse to lengthening the shift size. I don't know what others think. But that's just me.
I also don't know the ramifications of doing that. So may the more knowledgeable minds prevail.
Thank you for the reply.
P.S. Yes, I suppose I am a small miner because I only have two s7's running 24/7. But I have been trying to increase my hash by renting enough hash to cover what "may" be the length of time to find a block. I have recieved some nice payouts on on my combined hash power. But I'm still shooting for that elusive block to call my own.
March 23, 2016, 05:16:45 PM
I was just commenting on the sadness of seeing 11% shifts drop off.
Yeah, when renting a lot of hashpower for a short time there's a good chance you either double your money or lose it all.
I could double the size of each shift and we can see how that works out. I get the impression that most people renting hashes for Bitminter would prefer that. And those mining 24/7 with the same hashpower aren't affected much.
Are there anyone who would be unhappy with doubling the shift size? It would make unpaid shifts much more rare.
I suppose it is a fallacy that the more hash you add to the pool, the more likely it is you will find a block. Just luck and some people appear to be much luckier than others.
Yeah. Over time it certainly evens out for the big miners. But we have done these "mint races" where the one to find the "best block" (lowest hash) is the winner. And tiny miners have won those. On the other hand many small miners never find a block. Mining really is a lottery.
March 23, 2016, 03:28:30 PM
Yes, I completely understand that. Thanks.
March 23, 2016, 03:24:59 PM
You may be completely correct. I don't know.
The only thing I see (from my point of view only), is that I have 10 work shifts consisting mostly of 11+% work shares and that slowly falls away to become 10's and 9's.
Well, another block was just found as I was writing this. Congratulations Fefox.
I wish I knew what your settings were
** The BTC block was marked as stale at first. Then it changed to 99 confirmations left. Also, don't see any payouts. Not sure I understand. Oh well, I'm new at this.
I suppose the block needs more confirmations to be payable. So payout is now pending.
The only thing I see (from my point of view only), is that I have 10 work shifts consisting mostly of 11+% work shares and that slowly falls away to become 10's and 9's.
Well, another block was just found as I was writing this. Congratulations Fefox.
I wish I knew what your settings were
** The BTC block was marked as stale at first. Then it changed to 99 confirmations left. Also, don't see any payouts. Not sure I understand. Oh well, I'm new at this.
I suppose the block needs more confirmations to be payable. So payout is now pending.
The more hash power the pool has the more shares it has to divide the block by. I only have 2xS3's so my share is 0.0255% so I don't get a lot. But if someone jumps on the pool or switches gear over and suddenly there's another 200-300Th then my share drops down to 0.0187% which is obviously quite a chunk. There will always be fluctuation with share percentage as the pool hashrate is always changing depending on if bitminter is a failover pool for some peoples miners.
In regards to payouts take a look at your translation history on the website it should list exactly what you have received and what has been paid out to your btc address that you should have provided.
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