Bitcoin Forum

What does detected new block mean?

Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block
Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block
Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block
Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block
Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block
Longpoll from pool 0 requested work update
Longpoll from pool 0 detected new block

It means a block was found on the network so your miner is changing the details over and mining for a new block.

It means that some other miner somewhere generated 25 new bitcoins by "solving", or providing proof-of-work for, a "block" containing a certain number of bitcoin transactions.

Each 'block' contains a certain number of bitcoins transactions, and all blocks together make up the 'Blockchain" or the global ledger that keeps a public record of all bitcoin transactions ever made.  So, when your miner "detected a new block," not only were 25 bitcoins generated, but the integrity of this global transaction record was maintained and extended.

Edit:  This is why your miner indicates "requested work update" each time a block is solved.  It needs to retrieve the information necessary to begin working to solve a new block.

nope you not mining a thing...

I'm not sure which mining software you're using, but I'm assuming A:0 means that you have submitted 0 accepted shares and thus have not contributed any useful work for solving a block.

Also, 0.0 h/s means 0 hashes per second, so it appears that you aren't mining whatsoever.  

As far as the 0.00 BTC/hr measurement is concerned, this might still be the case even if you are successfully mining with a low hash rate.  Since bitcoins are divisible far beyond two decimal places, a low hash rate could indicate that you are receiving 0.00 BTC/hr but you might be earning thousandths, ten-thousands, etc. of a bitcoin per hour which, due to rounding, would appear as 0.00 BTC/hr.

Nothing. You don't have any hardware that's suitable for mining Bitcoins.

No, CPU and GPU mining is dead. You need specialized ASIC hardware to be competitive.

Not Bitcoins, no.

Yes, or mines at a significant loss unless they steal hardware, get free electricity, or something like that.

Yeah, give it a few hours and you might see a blip. Each share is worth about .000000064 Bitcoins right now, and you've not mined one yet. You mine may 1/100th of the cost of the additional electricity your laptop will consume.

Actually, that would be assuming it's actually mining. It may be smart enough to know not to bother.

It won't be "for free", it will be at a loss, that is, costing you more than the value of the Bitcoins.

There's really no point. You don't have any hardware that's suitable for mining. Mining, of all crypto-currencies that have any value, is a highly competitive field and you are starting out with a massive handicap.

Free facets are way to go if you need only 0.0000001  :D

FREE BITCOIN Sites *and* Free Newbie Lotto
https://bitcointalk.org/index.php?topic=90718.0

There's always someone paying for the electricity, and I guess it's not Mandy. You better take a part time job, allthrough I don't know whether that's legal on your age in the place where you live. Laptops aren't made for mining, but if you own a AMD / ATI GPU (in a desktop or something) you can mine 'Altcoins'. View for example coinchoose.com for that. Allthrough you won't be making much money with that  ;D

If you earn some bucks with a part time job you can invest in Bitcoins or altcoins (by buying them and selling them for a bit more for example). But, as you are just 14, you should not concern with that. Buy toys with your money, or go play football with friends or something.

For fun, see if you can buy a ASICMINER USB block eruptor for less than $10 and mine with that. You won't mine $10, but you also won't wear out your laptop (mining on a laptop is not good for it).

In the meantime, I have sent you a token amount to play around with.

When you use a block eruptor you set a no GPU flag in BFGminer. I don't know of any miner that defaults to CPU mining, so unless you turned it on you aren't doing that.

You won't see anything from mining with this laptop, and even if you do you won't be able to remove the bitcoins from the mining pool. You have to meet a minimum withdrawal amount.

I would guess that a USB asic is around 100 times faster at mining than your laptop. As it is now though, it looks like it would be infinitely faster  :D

You need to quit worrying about getting coins so much and look at it rationally. You are really going to destroy a laptop for no gain at all? Why not sell it for bitcoins?

The only thing worth mining with CPU is primecoin. You may exchange it to BTC

Are you starting BFGminer with a shortcut or bat file? The Nogpu flag is --disable-gpu. Your bat file should look like this...

bfgminer -o (server address:port here) -u (username) -p (passw) --disable-gpu -S all

Good luck with your mining, I'd be sure to check into sha256 altcoins if you have the time to research and pick alts you think will rise in value.

I think many 14 year olds are missing out on a lot of potential in their lives by focusing on sports and toys.  What's wrong with doing something educational with a computer that may possibly positively impact someone's bottom line down the road?  Many great entrepreneurs were getting their start around this age.

Nothing wrong with recreational activities, but there's no reason a 14 year old's life should be consumed with them, and there's no reason a 14 year old should feel like something is wrong with him if he thinks mining for bitcoin is a better use of his time than chasing a ball around with a bunch of maladjusted "peers."

I agree with you on that point. But, as a 14 year old you should just 'play' a bit with these coins et cetera, but not more than that. You shouldn't really invest an huge part of your money, as - I think - you don't really understand what these investing activities mean.

Allthough I'm quite well educated, I'm glad I didn't invest - for me - huge amounts of my scarce money at that age. It's scientifically proved that kids don't see risks as we adults do. (That's the same reason why you shouldn't let a 12 year old drive a fast moped in traffic). But that's just my opinion ;)

The OP may be in a different position from me, but at 14, I didn't have significant amounts of money to invest. :)

When I was 14 I had been dropshipping things from tradekey for around a year, my bank gave me a checking account at 13 and I played the paypal game!

Also came back to bite me because I tried to hide what I was doing (staying up really late to chat with suppliers, selling on ebay, and maintaining a paypal account!) Once I made enough money paypal started asking for a lot more info (suppliers, tax ID number/ss number, other stuff I cant remember) I had to get help at this point, or admit to paypal that I was only 14 or 15...

Don't be afraid to try new stuff, but more importantly don't hide anything. In other words, don't burn your laptop up mining bitcoins unless your parents know and understand what you are doing!