Great job, BitMinter is awesome, so easy to use! Can we have one to mine for LTC?
Thank you
LTC will be considered soon, right now things are a bit hectic.
I need help understanding the payout transaction fees. Are they a fixed percentage of earnings paid out regardless of how often or is it a fixed amount per transaction? Is there any fee at all charged to the recipients or is the fee paid by the pool? I know there are several recipients of each payout but how does that work transaction fee wise?
Currently there is only auto cash out which is free. That means the pool pays the fees. But you should be aware that a threshold of 0.001 will leave you with a "wallet full of pennies" and force you to pay fees to send those pennies later. A threshold of 0.01 or higher is recommended. I may change the minimum to 0.01 in the future.
Hi DrHaribo.
Could you elaborate a bit more on the last point "New users will have a 1.5% default donation (rather than 2%)".
From saturday and onwards there will be a 1% mining fee for everyone. You can donate on top of that to activate perks. The prepay perk will require 1.5% donation. New users will have a default donation of 1.5% (total 2.5% with the fee) and prepay perk enabled. It's just a default setting - anyone can use the same setup with an older account. If you want you can reduce donations to 0% and only pay the 1% fee.
I've been mining with PPS pools for a few months but due to recent downtimes, and more personal dedication to mining, I figured I'd try a PPLNS pool.
With PPS pools I've always been able to see a steady "24 earnings" metric. With Bitminter, in my first 24 hours, I'm looking at less than half of the normal bitcoin payout I'd see. The worker estimates are all over the map whenever I look at the page, varying as much as 50% down from the near-constant value cgminer is reporting, which is stressing me out. I can't tell if the estimates on the worker page are bad or if it's actually something wrong with work submission. cgminer has reported a constant rate the whole time, with <0.1% rejects and no HW errors.
What's a reasonable timeframe in a PPLNS scheme to compare to PPS earnings? I'm a little nervous to continue here if my stats keep trending like this.
A proof of work ("share") takes a while to be fully paid because it is eligible for payouts from blocks as long as it is still in a shift that is one of the last 10 completed shifts. Your payouts will start small in the beginning as you don't have much work in the 10 last shifts. And if you stop mining you'll still get paid for several hours because you still have work in the 10 last shifts.
Coming from PPS you will probably find the graphs at this URL interesting:
http://bitminter.com/stats/rewardsThe top graph shows how much each proof of work (share) was paid in the last 500 shifts. As you can see the randomness of bitcoin mining makes it vary a lot. The bottom graph shows how the total cumulative pay for the last 500 shifts compares to expected average for Bitcoin mining.
Bitminter is the second client I tried using, and since then I've never looked back. It's a great application that looks nice and is very accessible.
Would you be able to use the information from
this thread to improve Bitminter with nVidia GPUs at all? I'm not a programmer by any means, so I have no idea what the feasibility of this suggestion is. Figured I'd throw it out there, though!
Glad to hear you like it
I could implement CUDA mining, yes, but currently it's not near the top of the TODO list. We'll see what there is time for, it's all a question of prioritizing with limited time.
I've been trying about 7 different mining clients and all of them have heavy fluxations on the MHash rate, is there a way I can stabilize this?
Not sure why that is. Which GPU model is this, and are you running other things at the same time that use the GPU, like Youtube videos?