Cryptocoin Mining?

[SickBeast]

Have any of you guys tried bitminter? I use it and I love it.

By the way, how do you guys cash out your bitcoins? Mtgox has a $75 minimum for a bank transfer and fashcash4bitcoins isn't working.

 

[Binky]

Have any of you guys tried bitminter? I use it and I love it.

By the way, how do you guys cash out your bitcoins? Mtgox has a $75 minimum for a bank transfer and fashcash4bitcoins isn't working.

Dwolla

 

[Binky]

I find I make the most with BTCGuild overall compared to Deepbit, MtRed (frequent server issues), Slush's.

To add to my previous comments, I find it VERY hard to compare production at various pools. Some have zero lag, some have huge lag when crediting your account. Unless you don't use that pool for days, then run a test for X hours, then wait a few days to verify how much you produced in exactly X hours (to let the account credit lag run out), I'm not sure how to compare them.

Mtred = 0 fee
bitparking = 2.5% fee
abcpool = 2.8% fee + fee on withdrawals (withdrawal fee is sneaky and annoying to me, especially when combined with auto withdrawal at 0.2 coins with a fixed fee per withdrawal)

I use the above pools because I'm cheap. I also use eclipsemc as a dgm pool for my dedicated miner.

Anecdotally, it does *seem* like mtred produces less for me, but that's probably because it goes down a lot so my production gets thrown all over to the other pools. You can actually watch this on cgminer, since it shows work submitted to pool 0, pool 1, and pool 2. So when I produce for 24 hours with mtred as the primary pool then i look at what I have, the coins produced seems low. In pure production per hour, ABC has done better for me, since ABC seems to have far better uptime, but I'm not convinced that this means that using mtred as the primary pool isn't the most productive PPS pool overall - since cgminer automatically shifts to other pools on the fly when mtred is either down or slow to provide work.

As I said before, I'm a big fan of cgminer. It gives you a LOT of information about whats going on, both on screen and in logs. You can really get a better feel for what happens while you are away at work. Hell, you could whip up a quick excel spreadsheet to extract the log data and present it any way you wish. You can see exactly how many work units are submitted to each pool even when you designate one pool as primary.

 

[SickBeast]

Dwolla

I can't use Dwolla because I'm in Canada. Do you have any other suggestions?

 

[RussianSensation]

To add to my previous comments, I find it VERY hard to compare production at various pools. Some have zero lag, some have huge lag when crediting your account. Unless you don't use that pool for days, then run a test for X hours, then wait a few days to verify how much you produced in exactly X hours (to let the account credit lag run out), I'm not sure how to compare them.

That's exactly what I did. I ran all 4 pools I mentioned for 3 days at a time 24/7 non-stop and averaged the daily rate after all the fees. Because I gave each pool 3 days of non-stop work, it smoothed out outliers and helped to check stability of the servers at those pools. Also because Slush's Pool Luck changes, the last 7 days Pool Luck reached 100% to make it fair. All the pools were tested at the exact same difficulty rate. This was tracked by me. It was done for myself because I wanted to find it out; so I have no bias towards any pool.

I then redid this entire test again 1 month later and again got the same results. That's 2 different random months picked, ensuring exact difficulty rate for all pools. Recently the difficulty rate has been going up so I haven't tested this for the 3rd time. From time-to-time I check my daily earnings over 24 hours on the various pools and MTRed comes on top only when it's steady for 24 hours but loses to BTCGuild overall due to the server drop-outs I experience there.

I have not tested other pools outside of Slush's, MTRed, BTCGuild, Deepbit, BitMinter Client = Over 3 days @ 24h per day, average daily rate for BTCGuild beat them all on 2 different months. The results were close though but statistically measurable. One caveat is that Slush's Pool or Deepbit non-PPS may give higher value over the period of 30 days, but I am not going to test it for that long.

I can try to rest all these pools for you guys if you want but the more pools I add, the harder it is to keep them @ 3-4 days because if difficulty changes in the middle of my testing, I have to start over. I might wait until the current difficulty expires and do the testing 1 more time. Feel free to throw 2-3 other pools you want me to test along with those 4-5.

 

[Fire&Blood]

I can't use Dwolla because I'm in Canada. Do you have any other suggestions?

These guys ran out of their latest paypal funds but they refill on a regular basis and they have several options. Used them 2 days ago, money was transferred within hours.
https://fastcash4bitcoins.com/Default.aspx

 

[Binky]

That's exactly what I did. I ran all 4 pools I mentioned for 3 days at a time 24/7 non-stop and averaged the daily rate after all the fees.

Sounds like a fair test, but I still think the unreliability of mtred affects its perceived performance. It seems to be one of the most unreliable pools I've worked with. Assuming your client can adapt instantly to pool issues, which it almost can do (I think), a slow or unreachable pool should not significantly impact overall generation. The only deciding factor(s) should be fees and rejected and unpaid submissions. A slowdown of one pool should instantly cause the client to send work elsewhere.

Oddly enough, as I was typing this, one or more of my pools was having issues. Nice timing! Of course, I'm downloading something and using all of my bandwith, so this isn't unexpected. Here's the cgminer output.

[2012-08-31 20:47:03] Pool 1 communication failure, caching submissions
[2012-08-31 20:47:05] Accepted 3d743b17.e88d712f GPU 0 pool 2
[2012-08-31 20:47:11] Accepted 401ee522.b284b979 GPU 0 pool 3
[2012-08-31 20:47:21] Pool 0 http://mmpool.bitparking.com:15098 alive
[2012-08-31 20:47:21] Switching to http://mmpool.bitparking.com:15098
[2012-08-31 20:47:22] Pool 1 communication resumed, submitting work
[2012-08-31 20:47:22] Accepted 48ea413a.d7557dfe GPU 0 pool 1
[2012-08-31 20:47:24] Pool 1 communication failure, caching submissions
[2012-08-31 20:47:26] Accepted c5a7e036.cafa8472 GPU 0 pool 3
[2012-08-31 20:47:28] Pool 1 communication resumed, submitting work
[2012-08-31 20:47:28] Accepted cb47ab7f.b7726cea GPU 0 pool 1 (resubmit)
[2012-08-31 20:47:47] Accepted 6627edf8.f2f7887d GPU 0 pool 3
[2012-08-31 20:47:54] Pool 0 not providing work fast enough

^^Gotta love that. I'm saturating the line and cgminer is struggling to keep itself busy. It can't do it, but it's still trying!

 

[SickBeast]

These guys ran out of their latest paypal funds but they refill on a regular basis and they have several options. Used them 2 days ago, money was transferred within hours.
https://fastcash4bitcoins.com/Default.aspx

Ok thanks very much.

Is it true that PayPal freezes your account once you do this? I've heard that they don't like people converting Bitcoins to PayPay.

 

[Fire&Blood]

I haven't had any issues, used paypal for other transactions since, without a hitch. I would be surprised if Paypal even knows when bitcoin payments are used.

I guess the potential issue is if you sell your coins and the scam artist claims "never received the item". Having looked at many tangible cryptography transactions, volumes and frequency of payouts point to legit business.

Via paypal, I paid 1% fee and the money was there. Next time, I will likely try bank transfer, those funds seem to be exhausted last, majority cashes out via paypal.

 

[Mir96TA]

Have you tried them Canadian Bitcoin ?

 

[hyrule4927]

Ok thanks very much.

Is it true that PayPal freezes your account once you do this? I've heard that they don't like people converting Bitcoins to PayPay.

I haven't had any issues with it yet.

 

[VulgarDisplay]

What is this Namecoin business on BTC Guild? Is it something I should be doing as well as bitcoin?

 

[Binky]

What is this Namecoin business on BTC Guild? Is it something I should be doing as well as bitcoin?

You just need a place to send namecoins. Any pool that also mines namecoins will send them wherever you specify - as long as you give them an address. They are essentially free to you as a miner, but they do have a very minimal value. I send them to vircurex.com where I sell them for bitcoins.

 

[hyrule4927]

Anyone else notice that Mt. Red has been inaccessible for over a day now?

 

[Despoiler]

Anyone else notice that Mt. Red has been inaccessible for over a day now?

Yes it's down.

 

[hyrule4927]

Yes it's down.

And now they're back. Guess I should have given them one more hour before complaining. :whiste:

Or at least the site is up, doesn't look like they're actually processing anything right now.

 

[Zargon]

bitlc.net is down too

 

[Blur]

Hey guys, i have this 5670: http://www.newegg.com/Product/Produc...82E16814102871 but i'm only getting 59Mh/s. After checking the wiki it seem that I should be getting higher Mh/s, any idea why it's so low guys and how can i fix this?

 

[Binky]

Hey guys, i have this 5670: http://www.newegg.com/Product/Produc...82E16814102871 but i'm only getting 59Mh/s. After checking the wiki it seem that I should be getting higher Mh/s, any idea why it's so low guys and how can i fix this?

What miner? Assuming guiminer, did you try the standard flags? You should see around 70 mhash I think.

-v -f 0 -w 128

 

[RussianSensation]

The network rate just skyrocketed from 16-18 Thash a couple hours ago to 24.782 Thash/s right now. There is no way that's just some HD7900 owners adding GPUs. That's a massive jump in a matter of hours. It's pretty clear either a lot more users are joining bitcoin worldwide, or something much faster is being added to the network than some 600 Mhash/sec GPUs.

 

[blastingcap]

The network rate just skyrocketed from 16-18 Thash a couple hours ago to 24.782 Thash/s right now. There is no way that's just some HD7900 owners adding GPUs. That's a massive jump in a matter of hours. It's pretty clear either a lot more users are joining bitcoin worldwide, or something much faster is being added to the network than some 600 Mhash/sec GPUs.

Sounds like some ASICs are getting their first burn-in tests. When the first wave hits, expect difficulty to double or triple every week. R.I.P. GPU mining.

 

[RussianSensation]

Where would those ASICs come from? Shipments aren't expected until October IIRC and it's just September 5th. Not doubting that they would skyrocket the network rate, but I didn't expect them to ship this soon. Let's see what happens by the end of the week.

 

[blastingcap]

Where would those ASICs come from? Shipments aren't expected until October IIRC and it's just September 5th. Not doubting that they would skyrocket the network rate, but I didn't expect them to ship this soon. Let's see what happens by the end of the week.

Not sure if serious... I have stated before that if I had a lot of ASICs, I'd "test" them by mining for a while before shipping them out. Some of it you'd have to do for debugging etc. but if you let it mine a couple of weeks beyond that, so much the better. THEN ship them out.... For all we know they have a prototype or two right now and are tinkering with it, debugging things, etc. Some mining variability is to be expected though so it remains to be seen how long a spike lasts. Total system hashrate is estimated anyway, based on blocks found; the exact real hashrate is unknowable except to God.

 

[Blur]

What miner? Assuming guiminer, did you try the standard flags? You should see around 70 mhash I think.

-v -f 0 -w 128

Hey Binky, yes i'm using guiminer, should i put those values in the extra flags area?

 

[Blur]

Hey Binky, yes i'm using guiminer, should i put those values in the extra flags area?

Seems so, getting 83 or so now Binky. I followed this guide: http://www.youtube.com/watch?v=IS4Ue2pXvYY and i don't remember it mentioning these values.

Thanks very much.