Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 53. (Read 324945 times)

I have few questions and recommendations towards Bitminter:

1. Is Bitminter going to introduce PPS mining (with subsequently high fees of course) in future? This will potentially help smaller miners with lower hashrates because they are getting confirmed payouts.

2. Is Bitminter going to add PPC (Peercoin) for merged SHA-256 mining in future? Because, NMC is currently dead now, considering its current price and overall trading volume w.r.t PPC. Also NMC has numerous issues with it's blockchain as discussed earlier and developers also abandoned it without fixing.

3. In case of merged mining (whether NMC or PPC), will they automatically convert altcoin to BTC in future? Because, I guess many miners will not hoard altcoins that are highly volatile. In fact, they are just dumping them after mining. So the question.

It's not true.

I do have one other question to ask regarding the "combined' alt-coin (Namecoin) mining...

I've read elsewhere -- that it REQUIRES the pool to mine on outdated software...

How can that NOT slow down the bitcoin mining???

Personally, I would PREFER an EFFICIENT pool to one that adds altcoins as glitz and glitter...

Just curious...

Thanks...

Thanks DrHaribo,

I learned more from your comprehensive reply than I have in three days of scouring the net.   I'll keep looking through this forum for more useful information.

Huntercoin doesn't seem to make much sense to me. And namecoin can be bad enough. There's problems with the namecoin software. People complain that they want to mine bitcoin, not namecoin. Etc. etc. I sometimes wonder if having Namecoin is positive or negative for the pool. Yes, you earn a little more, but there are so many misunderstandings and technical issues. Not to mention every web wallet I have seen for namecoins are scams.


Your work is registered in shifts and doesn't disappear no matter what you do. When a block is found the work in the last 10 completed shifts gets paid.

There is no "ramp up" in PPLNS. This is a confusing point of view that makes people misunderstand the way it works. See it from the point of view of the work in the shifts, not the blocks. If you just look at the blocks and how much you got for each one then you will only confuse yourself.

There's often one easy and one difficult way to look at the same thing. In our solar system the movements of the planets are easy to understand from the point of view of the sun. It's harder from the point of view of the Earth.


You get paid when blocks are found. Average time to find a block for us is around 41 hours now. Difficulty went up a lot lately. That's the average though - bitcoin mining is a bit like a lottery.


Depends on how much of the work in the latest (when we find the block) 10 shifts was done by you. If you have 1% of the pool hashrate, then you get 1% of the block income.

There is some info on payouts here: https://bitcointalksearch.org/topic/m.2769824


It's bad luck. Average time to find a block 41 hours. Now we're at 144 hours. It happens. But luckily it can't rain every day.

So, how much does "getting a block" earn us?

I'm sure we will hit a block soon enough. In the worst case, we go one more day... I hope

I'm not sure WHAT is going on with Bitminter...

I've hashed here for awhile now -- but the last couple of weeks have been awful HORRIBLE luck...

Not sure what other to say...

Best of luck...

A couple questions about BitMinter.  I'm a noobie in this arena, with 50 years experience in trading stocks, bonds, currencies, etc.  So, over my head at the moment (LOL).

Today, I'm only running at 6ghz, so not much action.   I will be up to 100ghz within the next week.  Still not much hashpower compared to many of you.

1.  Can I stop mining at any time without losing all of my hard work?

2.  I see that I haven't earned even the smallest fraction of a bitcoin after 24 hours.    Is this normal for 6ghz?   I have 120,000 accepted proofs of work.

3.  When I do see some earned bitcoins, is it going to be something like 0.00000001 or will the first posting be something like 0.00001000?

Thanks for your help and Happy New Year from downunder.

Got a question, ever thought of adding Huntercoin to your merged mining options? The guy who developed MNC also help develop HUC its both sha256/scrypt merged mineable.


Thanks

Icon


https://bitcointalksearch.org/topic/annhuc-huntercoin-worlds-first-decentralized-gameworld-on-the-blockchain-435170

I had another crack at the live stats audio bug that would sometimes play a casino sound even when there was no new block. Clear the cache in your browser to ensure you have the latest live stats version and this problem should be gone the next time you reload the page.

Please let me know if you still hear winning sounds without winning

You can also get a notification on your mobile device by installing the Yo app ( https://www.justyo.co/ ) and sending a yo to BITMINTED. Granted, a "yo" is not as cool as a crazy casino sound, but otherwise it works very well.

Yeah, there is no doubt blocks are, and will be harder to come by if bitminter stays in the 3 Phs range as the network continues to grow. But with average luck it will all work out over time, just depends on how frequently you need to see rewards come in in a week or month!

In the last month I noticed that Slush was suffering too, from less and less blocks.
IMHO, It is mostly because big private pools like Bitfury, KNC and others are taking over. In the last two month hash rate jumped from around 350PH to somewhat 700TH, or doubled. The only manufacturer of small miners is AntMiner with S7 now. All others are gone private, including beloved Spondoolies. I don't believe AntMiner was able to produce over 70,000 S7s in the last three month. Although, it is possible but not probable.
I think, Spondoolies went private big time with its SP50; this single unit makes 0.11PH!!! 20 of these take out Bitminter whole capacity.
We will see less and less blocks hatched out of private pools. It seems that the days of private mining are over.
Last 60 days, shift pay dropped from about 0.00035btc/h/Th/s to 0.00025btc/h/Th/s
It is just sad reality for private miners.

This is exceptional bad luck. Hopefully it will be a long time until we see something this unlucky again.

For those who are worried about high variance but also don't want to contribute to the situation we have now with China controlling 65% of the global hashpower, mining in multiple smaller pools (like you are doing, Darthswan), can be a solution.


Yes, something like this has been suggested before. I have average hashrate numbers for shifts, but currently nothing more fine-grained than that. Not sure if I should make graphs out of those or start collecting some more fine-grained hashrate data.

I'm 2 years in with around 8.5T.  Majority of my power is at slush.  I couldn't imagine having 200T and not getting paid properly.  I understand our payouts are bigger, due to smaller pool size, but there hasn't been a payout in the last 7 days. 

Only been mining a couple months, but I have to say that overall bitminter has been the best interface and most consistent with users and shares.

A few days with just a stale block seems harsh, but I imagine solo would take somewhere to the order of months to years. Very happy with this pool.

I've only been mining for about 18 months -- and the two pools I used prior to Bitminter were Slush and Antpool...

I'm only currently hashing at about 6Ths -- so my share in the larger pools is minimal...

Don't know who else you have tried, but I wouldn't say the same thing.

Hmmmm...

I don't think that stale blocks are the mining pools fault... 

Maybe DrHaribo or others can explain to us who are uneducated as to how that happens?

Ultimately, Bitminter has been a WAY BETTER pool to date than others I have tried.

 

It's just double bad luck. We had 4 blocks in 1 day just before this stale block ;-)