Bitcoin Forum

Hi , I'm a beginner in BTC mining  ::)

I Made in a Day 11,000 Block approximately

http://im59.gulfup.com/YPOLuU.png

My question is How many Block Accepted i Need it to Create 1 BTC ?

Those are accepted shares, you did not find a block.
https://www.google.com/search?q=bitcoin+mining+accepted+shares

The time it takes you to earn 1BTC depends on your hash rate and the pool you mine to.

You have not found a block.
The probability for a little miner like you to find 10000 blocks is so small that I don't want to start calculating it, by the way each block is rewarded with 25 BTC, of cause you have to share with your pool unless you are solomining.

The number is the number of shares you have submitted to your pool.
Payment depend on the pool.

you need more work done, and being accepted.

and the metrics should also already show how much you are going to be getting based on how many hashs available.

If you have super luck you can try solomining  ;D

solomining isn't profitable these days. you will only get negative profit because of the electricity cost and the luck you need to find a block is one in a million chance or maybe even one in a billion chance

No you didn't.  You had some accepted shares on whatever pool you're mining.  What hardware are you using?  That will help me tell you how long you can expect it to take to earn 1BTC.


Completely depends on how much hash you're throwing at it.  If you've got 100TH/s, it's about a 1 in 24.7 chance of finding a block in a day.

What exactly is your average hashrate?   If it's very small(less than 50 ghs) I would suggest solo minung and using your miner as a lottery ticket essentially. 

probably those shares are equal in value to one 1-10 satoshi and no more, because i doubt you have something more powerful than a simply antminer s5

seeing how you don't know the difference between block and shares, and i presume you're wasting electrcity

Ya but still some new experience. It is easier to understand bitcoin when starting from mining. ( a little bit but still )

Yeah hope he has a huge setup thou :p

For the current difficulty (49,692,386,355) and the block reward (25 BTC), you need almost 2 billion shares (1,987,695,454.2 in exact) on average to get 1 BTC. 111,012 shares means nothing, they are just worth 5584 satoshis on average.

I hope by reading above replies you have understood that what you've found are not 'blocks'. They are accepted 'shares'. Shares have no directly proportional relationship with how man BTC you can earn.

Think of it this way:

When someone is able to solve the math problem by finding a block, he is rewarded with 25BTC. Now, looking at the difficulty it is almost impossible for one machine to find a block (solve the math problem). So people divert their hashing power to pools. Pools gather this power and hence are able to find a block by utilizing all this hash power collectively.

In return, the pool is rewarded with 25BTC. A small portion is kept by pool as fees. The remaining BTC are divided among the people who contributed their hash power. The more hashes you provided, the more 'shares' you contributed, and the more is your BTC reward.

So for example in your case if there were 10 people and all contributed 11,000 shares and the pool sent 24BTC reward among all of you, everyone will get 2.4BTC.

Unless your hash power is several terrahash, there is very small possibility that you'll earn any reasonable amount of BTC by mining. You may not even cover your electricity costs.

 ;D :D ;D

Dude, thanks for laugh me :D

This is not blocks, this is accepted shares your PC create

Guys can still solomine.

It's a charity to the bitcoin network, c`mon, it's worth it to keep the community rolling :D