Topic: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 - page 85. (Read 325004 times)

Wow Doc your new site mods and updates have really brought us some luck.

And I'm sure the shorter shift made a huge difference!!!

Great work!!!

 

Fahlcor

https://bitminter.com/blocks

You'll find the full date and time of each block found.

Doc, if you're looking for other improvements to make to the site it might be nice to have a date and time stamp on when blocks are found / solved.  There is a "Time" column in the latest blocks section of the full sized live stats but I can never figure out when (the date) blocks were mined.  I know there are other resources to keep track of this but that is one small and easy to fix area that could use a little tweak.

Lovin the good days.

I know Doc that I talked before about renting rigs so I thought I would try an experiment.  I rent 70thash with the new shorter shifts for 3 hours and put them towards bitminter.

It cost me ~.18btc for them but I easily earned over .3 btc. I did it again last night with .1 btc for 27thash and earned ~.28btc in the last 4 blocks.

Putting in another ~.1btc for 37thash to see what come out over the next shifts.  The last 27thash still is showing in my shifts also.

Loving the great blocks... ;-)

Fahlcor...

Doc,
I'd like to see how all of those measures if possible.  The one that I think I'll enjoy most is "Pay per billion proofs-of-work (shares) e.g.0.20561798 BTC".  Maybe you could set it up like the Live Stats.  Something lite and then another option that shows you everything. 

I also think it would be helpful if you could incorporate someone's exchange rate.  I'm particular the exchange rates that are based on a few different exchanges but anything would be useful.  It would knock off another bitcoin related item that I have to go elsewhere to see.

Yah, I would feel uncomfortable holding BTC and leaving the network all to the likes of ghash.io ... I'm hoping to pick up something faster and more efficient in this little shake out though, my kilowatt heater could be making triple.

When it was hovering near 1 I was getting excited for a drop maybe.

Oh well....

Once again, big hashrate push at the end of difficulty cycle ... It will be an increase I guess !

Profitability? Nah!

The weather is already much colder here and a kilowatt heater gives to all the house a very nice and warm feeling.
I'll shut it down in March or April, but till then I'll help the network and make a few satoshis.
I used electricity for heating anyway

You're welcome.

Profitability does look scary right now, with bitcoin dropping like a rock and the only thing going "to the moon" being the difficulty.

It's not going to look so good until the wind turns.

Little scared because of what i see, but i know that i must trust what you say.

Thanx for all you do Dr.

Everyone's work per shift is less because the shift is shorter. Your percentage of work in the shift is the same.


The shorter shifts do not change what you get per block. If you have x% of the pool hashpower then you get x% of the coins that are paid out. Same as always.


If you got 0.01 BTC per block then you will keep getting that until your hashrate or the pool hashrate changes (changing your percentage of pool hashpower).

Pay per block is very confusing and pretty much irrelevant though. Better shift stats coming soon, which will be much more useful.

Oke, i must be understanding this way wrong.

I see that the shifts are shorter, my work is less because of the shift time i see.

Then i look at what i now earn per block, W.T.H., is this a really bad joke.

First with 3 blocks i have 0.01 btc and now that is gonna be after 10 blocks.

The only profit i see now that the heat is drying my clothes faster when they hang after being washed.

Now i must actually stop mining... not fun.

I like BTC/thash/day as that is what a lot of the rental sites are using.  easy for comparison then.

and sites like http://poolpicker.eu/graph show hmash/day but that is easy to convert.

just my quarter.

You can still see how much you got paid for a block in your transaction history.  Do you still need the prediction of what you might get if we found a block right now?

The reason I want to remove it is that it has caused so much confusion and invalid interpretations of how the reward system works. I want to remove stats that people don't understand and that leads to wrong assumptions, and replace it with stats that are understandable.

When people see they get low pay per block until they have mined 10 shifts, they assume they have to mine for free to ramp up the shifts before they get proper pay. That's incorrect and the logic is wrong. But the stats shown today easily lead people down this train of thought.

I'd rather have people look at how they mined from 06:00 to 09:00 and got paid X coins for that work. Then they worked from 09:00 to 12:00 and got paid Y coins for that. Here you see clearly what is happening. There is no mining for free to ramp up the shifts, and the stats shown do not lead you to that wrong assumption either.

I think stats that lead people to broken logic and misinterpretation are best removed.


Sorry, I had forgotten to update the score/completion display in the livestats. If you refresh the page you should see the correct shift completion percentage. You may need to clear your browser cache.

I also like Th/hr (average).  But please don't take away any of the existing stats such as expected earnings per block, etc.  Those are still very useful, considering many of us ONLY mine at BitMinter.  But he more stats, the better.

One question on the new shift sizes... I see the current shift at around 3 1/2 hours; however the percentage shows ~25%.  Shouldn't this be closer to 100%, given that each shift is now around 3 1/2 hours, give or take some minutes, based on the current pool hash rate?

Estimated TH/hr would be a useful metric, I think, particularly if projected against other pools.

To show how your mining has been paying, which is better?

• Pay per proof-of-work (share) in bitcoins e.g. 0.0000000002056180 BTC
• Pay per billion proofs-of-work (shares) e.g.0.20561798 BTC
• Pay per proof-of-work (share) in satoshis e.g. 0.02056180 satoshis
• Pay per TH/s e.g. 0.0000000478741685 - what 1 TH/s earned per second
• Pay per TH/s/shift e.g. 0.0005170410195979 (3 hour shift) or 0.0010340820391959 (6 hour shift) - what 1 TH/s earned for a variable time period
• Pay per TH/s/hour e.g. 0.0001723470065326 - what 1 TH/s earned per hour
• Pay per TH/s/day e.g. 0.0041363281567834 - what 1 TH/s earned per day
• Something else?

Yeah, the long shifts were actually sort of nice for me, as I lease my antminers on leaserig. When they get picked up, usually it wasn't for a full shift, so I avoided large holes, I just have a shift of lower speed than the others.  I bumped my lease price a bit to accommodate and still had someone rent for around 5 hours today, so I may move the rate up a little bit more and see what happens.

No Prob Doc just let us know when the good time is and we will all be set!!

thanks for the update.  I still thinks 10-20 mins is better but that is just me ;-)

Fahlcor