Bitminter Mining Pool is one of the oldest mining pools. The software started operating in 2011 with the main goal of making Bitcoin mining easier. The brand is owned and operated by the Norwegian company Aesir Financial AS. According to information provided by the company, its client base is 450,000 people. The program has won the hearts of users with its time-tested reliability and simple operation. It has everything you need to make mining easy and win high payouts for your investors.
The software uses a scoring system to split payouts. Mining shifts are divided into 10 categories. A new shift begins when 1/10 of the current mining difficulty is overcome or a new block is found. Payouts are based on a 1 Terrahash ratio and are added to your account. Bitminter is one of the first in the industry. This allowed the software to gather a team of experienced miners around its site.
The platform allows you to mine both bitcoins and registered coins. The payout threshold for bitcoin is low. It is only 0.01 bitcoin. The software allows you to set the minimum payment amount to the wallet. Upon reaching the specified number, funds are automatically transferred to your account. Miners with significant hashing power can request a manual payout for amounts below the minimum automatic payout.
Bitminter differs from other mining pools in that it allows you to create your account only using public IDs, Gmail or other accounts. You will not be able to register through the social networks Facebook and Twitter. They are not supported by the software. But this approach scares off users who are not ready to share their personal data with the pool owners.
Bitminter uses artificial intelligence to predict the needs of traders. This cuts down on the time spent looking for different features and capabilities. The platform has a clear interface and can work with GPUs. It is simple and easy to navigate in the software settings, look for the necessary functions, create tasks.
Supports various hardware
Bitminter is compatible with a variety of hardware. The application can work with ASIC chips and graphics cards. It is well compatible with external ASIC devices like Chili, Butterfly Labs Block Erupter USB, Antminer U1 / U2, and Red / Blue Fury.
Application for computers
The Bitminter client is available for Linux, Windows and Mac OS X operating systems. It is based on the Java Network Launch Protocol and does not require installation. The program has a simple and intuitive interface. To work, the user needs to register in the mining pool on the website. And then configure your ASIC hardware.
The Bitminters website impresses with its simplicity. It looks primitive compared to other mining pools. But at the same time, it displays up-to-date operational statistics about rewards, successes, shifts, as well as an API service. Work is registered in shifts. Shifts are usually divided into groups of 10. A new shift begins when 1/10 of a block is completed or a new block is won. 99% of all mining income is paid to clients.
You can create an account only through the Bitminte website. To do this, you need to fill out the registration form in the pool on the site. After registration, the user gains access to the toolbar, with which he can start setting up.
Bitminter Mining Pool was originally designed to run a mining client for processors, although these have been scaled down with ASICs. The software has several ways to monitor your client, with on-screen options, pop-ups, and additional information flow.
The interface on the left displays information about hash rates. You should start mining by pressing the “Engine Start” button. The process can be tracked at any time in the “Stats” section. It displays information about how much time was spent on work, the number of confirmations, rejected / accepted decisions. These values can be reset at any time.
In the lower part of the working window of the program there is a text console. It provides the user with update information.
Security & Fees
Bitminter does not support two-factor authentication. The software mining pool is charged a commission of 1%. But you can take advantage of additional privileges. They can be obtained by collecting your donations. For example, crediting to your account even before the blocking is confirmed.
The application takes care of its users. In order to quickly resolve current customer issues, a support service has been created. To solve problems with the developers, you can contact through the site. It is possible to send questions by e-mail. In this case, the call center specialists will contact the user in a few minutes to solve the problem. Current moments of working with the program can be solved by Live Chat. The support team is friendly and tries to offer maximum assistance to investors.
The priority for the Bitminter application is to achieve maximum profit from mining on cryptocurrency exchanges. The brand has already mined over 200,000 bitcoins. Perhaps the software has slowed down a bit compared to newer brands. But it has a loyal user base who work tirelessly to find blocks and support the program. If you decide to mine on a regular basis, Bitminter will help you make good money in this area.
This post is also available in: Русский (Russian)