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Other => Beginners & Help => Topic started by: mgswhore on November 30, 2013, 07:04:44 AM



Title: Some questions about my mining status
Post by: mgswhore on November 30, 2013, 07:04:44 AM
Hi guys

I'm pretty new to bitcoin and just started, so I've got a few inquiries to make.

I just started out and am using guiminer. I'm currently mining from Slush's Pool. I'm currently mining using my GPU (at least, I hope so from the option I chose) and so far, the MHash is at an average of 160MHash/s. My questions are:

1. I've noticed that my send threshold has automatically been set to 1.0. Should I make any changes to it?

2. In relation to prior question: I somewhat understand that the payout will be made to my wallet which I've set up once it crosses the send threshold. At current, the estimated reward is very low (approx. 0.00001). Does this estimated reward accumulate over time?

3. my rig has been mining for almost 48 hours at this point and I've yet to see or receive any coin. Again, is this because there is an accumulation process happening with this particular mining pool before the payout is made, or could there be something wrong with my bitcoin wallet not receiving any payments at the moment?

4. I've encrypted my wallet, but I heard cold storing the data on a USB. Stupid as this question is (and I do apologize for it, both in earnest and in advance): how do I do this and/or is there a thread which I can read about this?

I do apologize if my questions are a bit, but your answers and advice would help as solutions.

Thanks :)


Title: Re: Some questions about my mining status
Post by: blamblooga on November 30, 2013, 08:24:28 AM
Ugh whole message got deleted but.
I need more inf lemme know your stup everything you got so i can calculate it up.

And yes to your questions you answered yourself except the no ltc problem is probaly something with the pool or cgminer prompt command line
















BTC:19FibskLnAu47yPTMrAepUM6gmiaS3cfGr


Title: Re: Some questions about my mining status
Post by: mgswhore on November 30, 2013, 06:17:14 PM
Hi Blam,

My setup at current:

CPU: Core i7-960 3.6GHz
Memory: 8GB RAM
GPU: AMD Radeon HD5870 1GHz 256bit
PSU: Cooler Master 650W

My system's a bit old now, considering I got it back years ago, so I thought that since I'm getting a new rig soon, I'd put this one to work for me. That being said though, do let me know if there is anything I can change on this current PC (I'm guessing the GPU may be the chief suspect lol :D) or if there's a way to get the most out of this system.

Oh and also, if you need a little more info on my rig to help me with the calculations, just let me know.

Thanks for being patient with me


Title: Re: Some questions about my mining status
Post by: reversebackwards on November 30, 2013, 06:48:23 PM
I would for sure upgrade the GPU.  With your 650W PSU, and a spare pci-e slot, if your mobo has one, you could just add another GPU and run them both.  IMHO, buying and running GPUs that you have space for earns income much faster than the hardware depreciates in value.  I'm mulling another GPU purchase, and the good options seem to be a 7950, 7970, or R9 290.  I just started mining on [Suspicious link removed], it auto-switches to the most profitable altcoin to mine, and pays out in BTC.  It's been a positive experience, especially with the altcoins going crazy lately.


Title: Re: Some questions about my mining status
Post by: mgswhore on November 30, 2013, 07:40:58 PM
Duly noted reversebackwards

As for where you're mining, I think it's been removed by the site cause it says 'suspicious link removed' lol