Hi there
I'm new to both Bitcoin, Bit mining and BitMinter.
Anyway, I've been going steady for a few days, and my desktop pulls off about 125 Mhps with its GTX 680. My laptop only pulls 60 Mhps with its GTX 580. Anyway, i've been looking at it, and a Butterfly Labs " 5 GH/s Bitcoin Miner - BitForce 5 GH/s SC" should pull 5GH/s which should amount to about 0,25 - 0,3 BTC per day. A BTC is worth about $122 whereas the ASIC costs $274. This would mean, that in about 8 days that would be a total profit / loss of 0. Is my math way off or am I missing something else completely? Sounds too good to be true does it not?
Kind regards
Maldark
Topic: BitMinter.com * Optional Custom Miner, PPLNS, Merged mining, Newbie-Friendly! * - page 36. (Read 220897 times)
May 22, 2013, 01:38:14 PM
May 22, 2013, 12:16:44 PM
Wow cool idea man
May 22, 2013, 12:08:10 PM
Looks cool. Will try it.
May 22, 2013, 11:13:56 AM
i'm running with +/- 1400 megs, the expected rate is a bit over .06/day. Since the 15th I received .186 when the expected rate should have been .24. I have my auto deposit set for .02 and I receive 2 payments/day. I understand how mining works and the variance involved, but the 4 pennies a day appear to be consistent
We just now had a dip in our luck, but before that it was average for a good while, going a little above and a little below at times.
Could it be related to the (currently) 4 hours 40 minutes delay for work to get paid through 10 shifts? Or the 20 hour delay for confirmations if not using the prepay perk?
Why is the delay so much longer than previously? I just logged on to check on my amount earned and noticed that there is a pile of work in the current shift and my amount earned has not changed.
The two delays have been almost the same for the last few weeks. Why do you feel the delay has gotten longer?
Having work in the current incomplete shift means you get paid after the shift is completed. Having work in the last 10 completed shifts means you get paid now if blocks are found. If you have a pile of work in the current shift, then you'll get paid later.
May 22, 2013, 12:52:50 AM
need to get my post up so i can post some outside of Newbie thank
May 21, 2013, 07:32:57 PM
i'm running with +/- 1400 megs, the expected rate is a bit over .06/day. Since the 15th I received .186 when the expected rate should have been .24. I have my auto deposit set for .02 and I receive 2 payments/day. I understand how mining works and the variance involved, but the 4 pennies a day appear to be consistent
We just now had a dip in our luck, but before that it was average for a good while, going a little above and a little below at times.
Could it be related to the (currently) 4 hours 40 minutes delay for work to get paid through 10 shifts? Or the 20 hour delay for confirmations if not using the prepay perk?
Why is the delay so much longer than previously? I just logged on to check on my amount earned and noticed that there is a pile of work in the current shift and my amount earned has not changed.
May 21, 2013, 04:02:27 AM
I think mining gives tech users overwhelming advantages at initial distribution, and that's somewhat unfair to others. Better design a new way for every one on the earth an equal way to get some coins.
I barely understand, and sometime not, what these tech users are saying. I think it is right for them to have an advantage. Good for them! I would expect an advantage for all that excellent knowledge. That is the beauty of an education and what it gives to you other than personal satisfaction, is AN ADVANTAGE. I am all for the tech users.
Besides if you ask, it seems to me they are always helpful with their answers to any question you might have.
May 19, 2013, 05:32:38 AM
I think mining gives tech users overwhelming advantages at initial distribution, and that's somewhat unfair to others. Better design a new way for every one on the earth an equal way to get some coins.
May 19, 2013, 03:54:56 AM
i'm running with +/- 1400 megs, the expected rate is a bit over .06/day. Since the 15th I received .186 when the expected rate should have been .24. I have my auto deposit set for .02 and I receive 2 payments/day. I understand how mining works and the variance involved, but the 4 pennies a day appear to be consistent
We just now had a dip in our luck, but before that it was average for a good while, going a little above and a little below at times.
Could it be related to the (currently) 4 hours 40 minutes delay for work to get paid through 10 shifts? Or the 20 hour delay for confirmations if not using the prepay perk?
May 19, 2013, 12:04:48 AM
i'm running with +/- 1400 megs, the expected rate is a bit over .06/day. Since the 15th I received .186 when the expected rate should have been .24. I have my auto deposit set for .02 and I receive 2 payments/day. I understand how mining works and the variance involved, but the 4 pennies a day appear to be consistent
May 18, 2013, 05:43:51 PM
Welcome new guys, thanks for the praise 
What do you mean? We are doing pretty average right now, finding the expected number of blocks. Where did you get the 30% from?
And no, BTCguild isn't taking anyone's blocks. That's not how mining works.
first of all, i love your software and the way it performs. But I've been noticing lately that BTC blocks found are about 30% the expected rate. Is BTCGuild becoming way too big and taking all the blocks or is there any problem on your server side?
What do you mean? We are doing pretty average right now, finding the expected number of blocks. Where did you get the 30% from?
And no, BTCguild isn't taking anyone's blocks. That's not how mining works.
May 18, 2013, 04:43:07 PM
first of all, i love your software and the way it performs. But I've been noticing lately that BTC blocks found are about 30% the expected rate. Is BTCGuild becoming way too big and taking all the blocks or is there any problem on your server side?
Yeah it's pretty bad luck for everyone except BTCGuild lol
May 18, 2013, 04:18:13 PM
first of all, i love your software and the way it performs. But I've been noticing lately that BTC blocks found are about 30% the expected rate. Is BTCGuild becoming way too big and taking all the blocks or is there any problem on your server side?
May 16, 2013, 11:05:26 AM
Same here.
May 16, 2013, 11:02:16 AM
Thank you, sir!
May 16, 2013, 10:23:29 AM
This is awesome!
May 16, 2013, 10:14:33 AM
...
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u User_Worker -p xxx --thread-concurrency 8192,8000 --gpu-fan 85,50 -I 18,18 -w 256 -g 1
...
Not accepting any shares. Any hints on what i could be doing wrong? (using cgminer 2.11.4)
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u User_Worker -p xxx --thread-concurrency 8192,8000 --gpu-fan 85,50 -I 18,18 -w 256 -g 1
...
Not accepting any shares. Any hints on what i could be doing wrong? (using cgminer 2.11.4)
Try running with "cgminer -o stratum+tcp://mint.bitminter.com:3333 -u User_Worker -p xxx" and see if that
works.
May 16, 2013, 08:19:13 AM
Since LTC became way less profitable then BTC, i figured i switch for a while.
Looking at different threads i setup my script like this:
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u User_Worker -p xxx --thread-concurrency 8192,8000 --gpu-fan 85,50 -I 18,18 -w 256 -g 1
This yields some weird result:
Not accepting any shares. Any hints on what i could be doing wrong? (using cgminer 2.11.4)
Thanks
Looking at different threads i setup my script like this:
cgminer -o stratum+tcp://mint.bitminter.com:3333 -u User_Worker -p xxx --thread-concurrency 8192,8000 --gpu-fan 85,50 -I 18,18 -w 256 -g 1
This yields some weird result:
Not accepting any shares. Any hints on what i could be doing wrong? (using cgminer 2.11.4)
Thanks
May 15, 2013, 03:24:12 PM
If I try to start the client, it'll just disappear.
Is there a hs_err_pid file on desktop? That's usually caused by the graphics drivers crashing. People had a lot of problems with Catalyst 13.1 and some also with 13.4.
DrHaribo, does the bitminter client support the lancelot product being sold by this group:
No, the only supported FPGAs are BFL and Icarus. I guess many will be upgrading their Lancelot to Avalon, so it doesn't make much sense to spend time adding support for Lancelot anymore.
May 15, 2013, 11:24:49 AM
Yes, I will at least add OpenCL mining on CPUs in the near future, which should increase speed by a lot. But I'm not sure if it can compete with the fastest CPU miners available - I haven't tried OpenCL on CPU yet. We'll find out soon.
Also coming soon is faster mining on VLIW5 GPUs, more statistics/information and probably a switch to another payment method. More and more people pool hopping these days, and delayed statistics doesn't prevent it - it only makes it more difficult. Plus, having live or near-live statistics is nice.
. What he said Also coming soon is faster mining on VLIW5 GPUs, more statistics/information and probably a switch to another payment method. More and more people pool hopping these days, and delayed statistics doesn't prevent it - it only makes it more difficult. Plus, having live or near-live statistics is nice.
Jump to: