Bitcoin Forum

Hey! My name is Doug. This whole bitcoin thing is fairly new to me. I was under the misapprehension that my wallet was the bitcoin client. I've sat for a month or so wondering why I haven't generated any coins. A little reading has fixed that. I'm also doing the dailies at Daily Bitcoins and a couple others.

I'll start with a question:Is 50Ghash decent?

Thanks!
Doug

That sounds pretty decent.  If you are so new, how have you got 50 GHash?

he probably played with a calculator and now aims to this hashrate.

Yeah it's good. You'd get around 14 BTC a day. ($170+ ish)

50 Gigahash/s?

Server farm?

Actually, that's what guiminer says. I'm personally a little suspicious of it because I'm running solo. Shoot, I'm not even running ATI, or even a really hot card.

5mh/s maybe?  :)

I mouse over guiminer icon and it says 51.046 GHash/s. Open guiminer and it says same at bottom of window.

Screenshot please  ::)

Here it is:
http://imageshack.us/photo/my-images/820/guiminer.png/

FTFY, was not loading.

From that image only, I can tell you're mining solo on the bitcoin rpc port with network difficulty 1. So you probably have to wait a bit more and synch the blockchain first. The value is obviously an error from guiminer :)

Synch the block chain?

Once more for the newb, please?
 :D

More info from guiminer. Does this help?
http://imageshack.us/a/img22/5342/guiminer2.png

Open up your Bitcoin client and let the blockchain become in sync with the rest of the network.
It will load for a while (an hour maybe), just leave it open. That should solve your problems.

OK, guiminer is the client, correct? Or... Is it just a front end for poclbm?

I double-click poclbm.exe and it opens and closes. I navigate to the directory on the command line and it errors out. There are about eight missing Python files.

I'm not sure, I have not tried guiminer.
If you open it, does it have a % loaded (syncing blockchain)?

If not, idk.

What client do you use? I'm not afraid of command line, if needed.

You have to install the bitcoin-qt client and allow the blockchain to sync fully before you can mine solo. If you're new at this, I would recommend mining with a pool. Solo mining is very ineffective unless you really do have multi-gigahash. Start with guiminer and poclbm on a pool, like Bitminter, or use bitminter's built in client. (It's about as efficient as guiminer.) When you feel like you have a better grasp of how bitcoin works, move up to a more advanced, configurable command-line client. For example, I get ~270 mhs with poclbm on guiminer, and I get ~300 mhs with a tweaked Phoenix miner. Bitcoin mining is quite daunting at first, but easy once you get past the learning curve. It helps is you know a bit of python and can write some scripts to automate the process a bit.

OK, I'm following your advice, Kontakt. One thing I read is that I'll be better off as part of a pool. I'm guessing there's a board on here about the different pools?

Tried two different pools. I'm currently connected to slush. Instead of 50 Ghash, I'm getting 21 MHash.  :P

That is way more accurate  :)

That seems about right.

Even with my lack of experience I figured 50 GHash was a tad high.

Now, is slush a good pool?

https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Here's a good comparison of pools. I use Bitminter, because their fees are 0, and they disburse the fees collected from a completed block. I also make more at Bitminter than I do at deepbit.

What's your graphics card, by the way?

My card is a Geforce GT 555m.

I want to build a miner, but am lacking funds at the moment. Hoping to use coins to get components. (Note: At the moment, someone else is paying the power bill.) Also, I have a lot to learn about hardware. I know what a CPU is, and a GPU, but I'm lost at FCPGA...(Note: I know I've got some reading ahead of me.)

And... I'm showing 50 GHash again...
http://imageshack.us/a/img337/7208/guiminer3.png

Sorry, I only proof read the thread real quick. But did you try using another Pool? Overall, I guess it doesn't too much if it's glitched. As long as it's producing shares, and you are getting paid for it, that's all that really matters. You can try using another Miner, or maybe updating your driver. My guess is GUIminer wasn't really built for your particular card in mind.

I'm going to leave it here for a while and see if I get paid. Don't know what I'm doing yet, so I'll do some reading before I start tweaking.