BitMinter: Difference between revisions
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'''Bitminter''' | '''Bitminter''' was a [[Pooled mining|bitcoin mining pool]]. Roughly 1% of the bitcoins in circulation came from Bitminter. | ||
Mining was technically difficult in the early days. A mining client had to be run from the command line. Most people | Mining was technically difficult in the early days. A text-based mining client had to be run from the command line. Most people didn't know what a command line was. The original idea for Bitminter was for an easy-to-use graphical mining client that anyone could use. This was for mining on graphics cards initially. As client development neared completion the project turned into a full mining pool instead of just the client. | ||
The [[coinbase]] signature for this pool is: "BitMinter" <ref>[https://blockchain.info/tx/ecee974dc1a10cd6f1cd41c18234741b3ed8e1afaa3ce2b7f02a5098aa2985da Example of decoded coinbase]</ref>. | The [[coinbase]] signature for this pool is: "BitMinter" <ref>[https://blockchain.info/tx/ecee974dc1a10cd6f1cd41c18234741b3ed8e1afaa3ce2b7f02a5098aa2985da Example of decoded coinbase]</ref>. | ||
Mining | Some numbers: | ||
* 728 658 user accounts | |||
* mined for 9 years | |||
* website up for 10 years | |||
* mined 208 232 BTC (new coins + transaction fees) | |||
* mined 6487 blocks that are part of today's Bitcoin blockchain | |||
* mined 1755 blocks before the first halving, creating 87750 new bitcoins (50 per block) | |||
* mined 4671 more blocks before the second halving, creating 116775 new bitcoins (25 per block) | |||
* mined 61 more blocks before the third halving, creating 762.5 new bitcoins (12.5 per block) | |||
* minted 205 287.5 new Bitcoins in total, 0.978% of all the bitcoins that will ever be minted | |||
Timeline: | |||
2021-07-02: Bitminter website was shut down | |||
2021-06-01: Intended website shutdown date - shutdown postponed | |||
2020-07-01: Mining operations halted | |||
2020-06-01: Shutdown announced by direct email to users, Bitcointalk <ref>[https://bitcointalk.org/index.php?topic=788753.msg54540912#msg54540912 Shutdown announcement on Bitcointalk]</ref> and social media - see Bitcointalk post | |||
2020-05-11: Third Bitcoin halving, reducing block reward from 12.5 to 6.25 BTC | |||
2019-09 to 2020-05: Bitminter hashpower dropped very low - attempts to bring in big miners were unsuccessful | |||
2019-08-12: Last Bitcoin block (#589801<ref>[https://www.blockchain.com/btc/block/00000000000000000015ebd78a3c6ff38f42c6424f96eaa80d96ddbe7134676b The last Bitminter block]</ref>) mined by Bitminter | |||
2019-08-01: Bitminter reached 700 000 users | |||
2017-07-03: Bitminter reached 500 000 users | |||
2016-07-09: Second Bitcoin halving, reducing block reward from 25 to 12.5 BTC | |||
2014-03-16: Bitminter reached 250 000 users | |||
2014: Small ASIC miners that connect to a PC's USB-port could no longer compete with the big stand-alone ASIC miners. This made the Bitminter (PC) client software obsolete, but Bitminter went on as a mining pool. | |||
2013-08-27: Bitminter reached 100 000 users | |||
2013-05: Peak mining activity; approx. 10% of the world's Bitcoin hashpower was mining with Bitminter, sometimes producing up to 20% of the daily blocks and bitcoins | |||
2013-01: The first ASIC mining machines began shipping to customers. During 2013 support for a few models was added to the Bitminter client software. | |||
2012-11-28: First Bitcoin halving, reducing block reward from 50 to 25 BTC | |||
2012-09-11: Bitminter reached 10 000 users | |||
2012: During 2012 some FPGA mining machines were sold commercially. Support for a few models was added to the Bitminter client software. | |||
2011-11-07: Bitminter began sending all mining income to address 19PkHafEN18mquJ9ChwZt5YEFoCdPP5vYB - 57 blocks were mined with individual addresses prior to this | |||
2011-11-04: Merged mining of namecoin (NMC) started | |||
2011-10-24: Bitminter reached 1000 users | |||
2011-07-20: Bitminter reached 100 users | |||
2011-07-03: First Bitcoin block (#134500<ref>[https://www.blockchain.com/btc/block/00000000000000241123ba5f49ec423ad3e3a380abe9e4a1fcd699dee8f577da The first Bitminter block]</ref>) mined by Bitminter | |||
2011-06-26: Bitminter launched; the user-friendly alternative with easy-to-use mining software for Windows, Linux and Mac OS X. | |||
2011-03: Development of the Bitminter software began. | |||
==External Links== | ==External Links== | ||
* [https://bitminter.com Main webpage] | * [https://bitminter.com Main webpage] | ||
* [https://bitcointalk.org/index.php?topic=788753.0 Bitminter support thread] | |||
* [https://bitcointalk.org/index.php?topic=788753.0 | |||
* [https://bitcointalk.org/index.php?topic=31163.0 Support thread for the Bitminter client (Windows/Linux/Mac)] | * [https://bitcointalk.org/index.php?topic=31163.0 Support thread for the Bitminter client (Windows/Linux/Mac)] | ||
Revision as of 12:42, 3 July 2021
Bitminter was a bitcoin mining pool. Roughly 1% of the bitcoins in circulation came from Bitminter.
Mining was technically difficult in the early days. A text-based mining client had to be run from the command line. Most people didn't know what a command line was. The original idea for Bitminter was for an easy-to-use graphical mining client that anyone could use. This was for mining on graphics cards initially. As client development neared completion the project turned into a full mining pool instead of just the client.
The coinbase signature for this pool is: "BitMinter" [1].
Some numbers:
- 728 658 user accounts
- mined for 9 years
- website up for 10 years
- mined 208 232 BTC (new coins + transaction fees)
- mined 6487 blocks that are part of today's Bitcoin blockchain
- mined 1755 blocks before the first halving, creating 87750 new bitcoins (50 per block)
- mined 4671 more blocks before the second halving, creating 116775 new bitcoins (25 per block)
- mined 61 more blocks before the third halving, creating 762.5 new bitcoins (12.5 per block)
- minted 205 287.5 new Bitcoins in total, 0.978% of all the bitcoins that will ever be minted
Timeline:
2021-07-02: Bitminter website was shut down
2021-06-01: Intended website shutdown date - shutdown postponed
2020-07-01: Mining operations halted
2020-06-01: Shutdown announced by direct email to users, Bitcointalk [2] and social media - see Bitcointalk post
2020-05-11: Third Bitcoin halving, reducing block reward from 12.5 to 6.25 BTC
2019-09 to 2020-05: Bitminter hashpower dropped very low - attempts to bring in big miners were unsuccessful
2019-08-12: Last Bitcoin block (#589801[3]) mined by Bitminter
2019-08-01: Bitminter reached 700 000 users
2017-07-03: Bitminter reached 500 000 users
2016-07-09: Second Bitcoin halving, reducing block reward from 25 to 12.5 BTC
2014-03-16: Bitminter reached 250 000 users
2014: Small ASIC miners that connect to a PC's USB-port could no longer compete with the big stand-alone ASIC miners. This made the Bitminter (PC) client software obsolete, but Bitminter went on as a mining pool.
2013-08-27: Bitminter reached 100 000 users
2013-05: Peak mining activity; approx. 10% of the world's Bitcoin hashpower was mining with Bitminter, sometimes producing up to 20% of the daily blocks and bitcoins
2013-01: The first ASIC mining machines began shipping to customers. During 2013 support for a few models was added to the Bitminter client software.
2012-11-28: First Bitcoin halving, reducing block reward from 50 to 25 BTC
2012-09-11: Bitminter reached 10 000 users
2012: During 2012 some FPGA mining machines were sold commercially. Support for a few models was added to the Bitminter client software.
2011-11-07: Bitminter began sending all mining income to address 19PkHafEN18mquJ9ChwZt5YEFoCdPP5vYB - 57 blocks were mined with individual addresses prior to this
2011-11-04: Merged mining of namecoin (NMC) started
2011-10-24: Bitminter reached 1000 users
2011-07-20: Bitminter reached 100 users
2011-07-03: First Bitcoin block (#134500[4]) mined by Bitminter
2011-06-26: Bitminter launched; the user-friendly alternative with easy-to-use mining software for Windows, Linux and Mac OS X.
2011-03: Development of the Bitminter software began.
External Links
See Also
References
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