Topic: [CLOSED] BTCMine - ZERO fee mining pool (LP, SSL, JSON API, P2SH) - page 2. (Read 171453 times)
April 22, 2013, 11:18:57 PM
The stats page is showing everyone as 'offline' even though Guiminer is okie and submitting shares.
April 13, 2013, 06:03:55 AM
Pool found a block 3 hours ago and its not showing on the confirm list..
update..
There it is !
4 hours late.. lol
mmm... tastey BTC deliciousness....
update..
There it is !
4 hours late.. lolmmm... tastey BTC deliciousness....
April 05, 2013, 10:01:38 PM
WOOOT whooo YAAAAA !! I just found my 2nd block !!
mmm .. BTC tastes pretty damn good !
pEACe
mmm .. BTC tastes pretty damn good !
pEACe
March 03, 2013, 08:07:02 PM
My .26 finally showed up today.
I guess you'll have to wait until he's back.
I guess you'll have to wait until he's back.
March 03, 2013, 01:01:42 PM
Still no pay out and two more blocks found. 
The blocks confirmed but he had said he would add some money for a small payout.
The blocks confirmed but he had said he would add some money for a small payout. February 28, 2013, 09:37:01 AM
I believe there is a good chance to earn more with small proportional pools because it doesn't take much of a luck streak to put you way ahead of the PPS rate.
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Sometimes it feels like I just wander around cleaning up your messes. This is why we can't have nice things.
While your belief is not specifically wrong it's easy for a new miner to think that they'd earn more from a small proportional pool than any other pool, which is false.
It is possible to earn greater amounts in the short term, but just as likely to earn lesser amounts in the same time frame. Ignoring everything else that there is to like about this pool, if you like the gamble this is a good place to mine. If you want a reliable source of income, then it's not a good place to mine.
wtf lol organo... what messes ?? ... and thanks for caring. :p lmao
I did not imply that the luck/bounty was/is guaranteed.
I said.. "there is a good chance" because as is the case with EVERY pool that I've been monitoring, the good times far out number the bad.
I said.. "there is a good chance" because as is the case with EVERY pool that I've been monitoring, the good times far out number the bad.
There is not "a good chance", there is an average chance: 50% of rounds will be greater than ln(2)*D shares long, and 50% will be less than that. If this is not the case, either mathemetics is broken, or you haven't monitored many pools, or monitored them for very long.
Even with this month's slump and counting the shares from the invalid block, BTCmine's PPS rate during the last 25 blocks is, (24x 25BTC) / 69896438 shares = 0.00000858412842153701737991283618773.
Mixing blocks solved for different difficulties is obfuscates what's happening. If BTCMine solved lots of blocks at a lower difficulty and fewer at a higher difficulty, then your PPS figure would be artificially high. It doesn't necessarily mean the pool is lucky.
Try dividing each blocks' shares by the difficulty at which the block was solved. Take the average of this number for the last 25 blocks. If this is less than 0.647, then the pool has had significantly good luck. If not, then it hasn't.
Have you ever mined for a small/ sub 100 Ghash pool recently ?
Is anything of what you are saying based on EXPERIENCE ?
I doubt it.
edit...
Still waiting for my BTC.
February 28, 2013, 02:16:08 AM
I believe there is a good chance to earn more with small proportional pools because it doesn't take much of a luck streak to put you way ahead of the PPS rate.
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Sometimes it feels like I just wander around cleaning up your messes. This is why we can't have nice things.
While your belief is not specifically wrong it's easy for a new miner to think that they'd earn more from a small proportional pool than any other pool, which is false.
It is possible to earn greater amounts in the short term, but just as likely to earn lesser amounts in the same time frame. Ignoring everything else that there is to like about this pool, if you like the gamble this is a good place to mine. If you want a reliable source of income, then it's not a good place to mine.
wtf lol organo... what messes ?? ... and thanks for caring. :p lmao
I did not imply that the luck/bounty was/is guaranteed.
I said.. "there is a good chance" because as is the case with EVERY pool that I've been monitoring, the good times far out number the bad.
I said.. "there is a good chance" because as is the case with EVERY pool that I've been monitoring, the good times far out number the bad.
There is not "a good chance", there is an average chance: 50% of rounds will be greater than ln(2)*D shares long, and 50% will be less than that. If this is not the case, either mathemetics is broken, or you haven't monitored many pools, or monitored them for very long.
Even with this month's slump and counting the shares from the invalid block, BTCmine's PPS rate during the last 25 blocks is, (24x 25BTC) / 69896438 shares = 0.00000858412842153701737991283618773.
Mixing blocks solved for different difficulties is obfuscates what's happening. If BTCMine solved lots of blocks at a lower difficulty and fewer at a higher difficulty, then your PPS figure would be artificially high. It doesn't necessarily mean the pool is lucky.
Try dividing each blocks' shares by the difficulty at which the block was solved. Take the average of this number for the last 25 blocks. If this is less than 0.647, then the pool has had significantly good luck. If not, then it hasn't.
February 28, 2013, 01:45:16 AM
I believe there is a good chance to earn more with small proportional pools because it doesn't take much of a luck streak to put you way ahead of the PPS rate.
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Sometimes it feels like I just wander around cleaning up your messes. This is why we can't have nice things.
While your belief is not specifically wrong it's easy for a new miner to think that they'd earn more from a small proportional pool than any other pool, which is false.
It is possible to earn greater amounts in the short term, but just as likely to earn lesser amounts in the same time frame. Ignoring everything else that there is to like about this pool, if you like the gamble this is a good place to mine. If you want a reliable source of income, then it's not a good place to mine.
wtf lol organo... what messes ?? ... and thanks for caring. :p lmao
I did not imply that the luck/bounty was/is guaranteed.
I said.. "there is a good chance" because as is the case with EVERY pool that I've been monitoring, the good times far out number the bad.
Even with this month's slump and counting the shares from the invalid block, BTCmine's PPS rate during the last 25 blocks is, (24x 25BTC) / 69896438 shares = 0.00000858412842153701737991283618773.
February 27, 2013, 10:33:41 PM
I believe there is a good chance to earn more with small proportional pools because it doesn't take much of a luck streak to put you way ahead of the PPS rate.
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Sometimes it feels like I just wander around cleaning up your messes. This is why we can't have nice things.
While your belief is not specifically wrong it's easy for a new miner to think that they'd earn more from a small proportional pool than any other pool, which is false.
It is possible to earn greater amounts in the short term, but just as likely to earn lesser amounts in the same time frame. Ignoring everything else that there is to like about this pool, if you like the gamble this is a good place to mine. If you want a reliable source of income, then it's not a good place to mine.
February 27, 2013, 09:28:33 PM
I believe there is a good chance to earn more with small proportional pools because it doesn't take much of a luck streak to put you way ahead of the PPS rate.
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
Making .5 - .68 BTC per Ghash/s per round will do that. ahah..
February 27, 2013, 07:51:27 PM
This is the only one I have used. It's a gamble if you hop or are you saying I’d be earning more with my little 2100 Mhash/s in another pool?
I think you'd earn just the same at another pool but your earnings would be more consistent - instead of big earnings one week and little earnings the next week.
I don't think BTCMine is being hopped, and even if they were it wouldn't affect your expected earnings much. But the reward method will increase your variance.
February 27, 2013, 07:43:42 PM
This is the only one I have used. It's a gamble if you hop or are you saying I’d be earning more with my little 2100 Mhash/s in another pool?
February 27, 2013, 07:39:03 PM
It’s not the end of the world and it’s totally my fault but now I’m short 1.25 BTC I needed and will have to cancel an auction and pay fees. Don’t count your chickens before they hatch!
What is the reward method and how is it bad?
Don’t count your chickens before they hatch!What is the reward method and how is it bad?
It's an exponentially scored method, like Slush's. It uses a 'c' constant that is relatively low (given the pool hashrate). This means the pool is virtually unhoppable, but also means the variance in earnings is higher than at Slush's pool, and significantly higher than for other reward methods. It's good if you like a gamble, I guess.
February 27, 2013, 07:29:33 PM
It’s not the end of the world and it’s totally my fault but now I’m short 1.25 BTC I needed and will have to cancel an auction and pay fees. Don’t count your chickens before they hatch!
What is the reward method and how is it bad?
Don’t count your chickens before they hatch!What is the reward method and how is it bad?
February 27, 2013, 06:26:23 PM
Apart from the reward method, BTCMine have done things right in the past and never acted dishonourably.
February 27, 2013, 01:46:07 PM
This situation would have been avoided if the pool had a limit of 5-10 BTC per account.
Still waiting for my 26 pennies. lol
I've never heard anything bad about Btcmine and doubt he will do anything to ruin the pool's good rep.
Still waiting for my 26 pennies. lol
I've never heard anything bad about Btcmine and doubt he will do anything to ruin the pool's good rep.
February 27, 2013, 12:08:15 PM
Slow down, he just sent this:
Mostly because some old users return to pool and start withdraw
collected money (from 15 to 45 BTC _each_).
Such amounts stored on backup offline wallet more than 1 year for
security reason. So right now no money on hot payment wallet.
I do not have access to backup wallet, because I'm on vacation.
All small payments will be processed soon, after I add some money to
payment wallet.
Mostly because some old users return to pool and start withdraw
collected money (from 15 to 45 BTC _each_).
Such amounts stored on backup offline wallet more than 1 year for
security reason. So right now no money on hot payment wallet.
I do not have access to backup wallet, because I'm on vacation.
All small payments will be processed soon, after I add some money to
payment wallet.
February 27, 2013, 11:48:03 AM
Wtf ! ?? Why isn't anyone else complaining ?
He has NO BUSINESS messing with our earnings.
I just sent an email aswell.
Some pools make the status of their hotwallet readily available. We need to make this mandatory.
Boycott pools that don't.
He has NO BUSINESS messing with our earnings.
I just sent an email aswell.
Some pools make the status of their hotwallet readily available. We need to make this mandatory.
Boycott pools that don't.
February 27, 2013, 11:37:28 AM
I got this email and it looks like its from someone at BTCMine. I sent them an email from their contact us link:
There is not enough money on payment hot wallet.
Delayed payments will be processed later, when I get back from vacation (within tree weeks).
My reply:
What? Why is that? So no one will get any for three weeks? Why no note one the site? I thought you would have it as it was created, so to speak.
I was kinda counting on them so....
There is not enough money on payment hot wallet.
Delayed payments will be processed later, when I get back from vacation (within tree weeks).
My reply:
What? Why is that? So no one will get any for three weeks? Why no note one the site? I thought you would have it as it was created, so to speak.
I was kinda counting on them so....
February 27, 2013, 03:53:20 AM
I'm seeing the same now and its been two hours since the TX was created.
That makes for 2 mining oddities in one day. lol
Earlier I mined a Terracoin block. The +20trc balloon popped up and Cgminer registered a 17k share. Yet no transaction is/has yet to be found. lmao
I think ASIC mining is ripping a hole in our gpu miner space time !
That makes for 2 mining oddities in one day. lol
Earlier I mined a Terracoin block. The +20trc balloon popped up and Cgminer registered a 17k share. Yet no transaction is/has yet to be found. lmao
I think ASIC mining is ripping a hole in our gpu miner space time !
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