Difference between revisions of "BitMinter"

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'''Bitminter''' is one of the old [[Pooled mining|mining pools]] from 2011.
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'''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 don't know what a command line is. 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 eventually turned into a full mining pool which launched June 26, 2011. As the first generation USB-based ASIC miners arrived in 2013, support for some of these were also added to the Bitminter client.
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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 servers for Bitminter are available in the US, Canada and the EU.
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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://bitminter.com/livestats/big Live statistics]
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* [https://bitcointalk.org/index.php?topic=788753.0 Bitminter support thread]
* [https://bitcointalk.org/index.php?topic=788753.0 Current pool support thread]
 
 
* [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
IndustryMining pool
FoundedJune 26, 2011
Founder(s)DrHaribo
Websitehttps://bitminter.com

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