Bitcoin Forum

I am not sure if I am just mistaken, but I am pretty sure I have heard people talking about how they mine coins through their wallet.

When you are connected to a coin network through your wallet, are you mining? Or are there certain coins that can be mined this way? Or is this not a thing at all?

This is true only for PoS (proof-of-stake) or PoS/PoW hybrid coins.

Ok. Thanks. I am going to try to find a list of coins.  If anyone has one, post it here.

I just looked up PoS coins and it says you have to have coins already for it to work. I am pretty sure there are coins that you can mine by having an open wallet with 0 coins in it. One time I had an empty Devcoin wallet open for like a month, and 150,000 DVC appeared in it one day.

I don't know to what extent it is up to date:

https://bitcointalk.org/index.php?topic=458726.0

Awesome, thanks.

I haven't used coins in over 6 months, but I just started writing for Devtome again. Now that I know about this, I am going to use my DVC to get some PoS coins and just keep my wallets open.

Take your chance - find it.


I have no idea why this happened.... May be you wrote something for them in the past?

I had written for them, but I don't think they would have had a reason to pay me at the time. Maybe views. I'm not sure.

This is a great thread if you want to invest in high interest PoS coins.

https://bitcointalk.org/index.php?topic=783697.0 (CrazyLoaf's CrazySteak(TM) High PoS Investment Journal)

Does anyone else use their coins for things? I know a lot of people like to just trade coins for coins, then eventually take out money.

But I am just wondering if there are any other people out there that use their earnings to buy books (I do), or to fund a Garden (I do), or to make Youtube videos (I do). Or anything else like that. Like, using coins to fund things that have the potential to be something else, even if it ends up not being related to coins.

Thanks. I am going to be able to get a good start on this.

Name:    Bitcoin-hotep
Posts:    1462
Activity:    280
Position:    Sr. Member

WOW !

Good god you have been talking that much and you just asked now ?

see guys THIS is why Noobs should be safely ignored when they spout off like experts around here LOL

and yeah 99% of any wallet for any coin ever made has built in mining *if you turn it on via console or conf file with gen = 1
this is day one shit bro LOL  ::)

i swear you guys are going to force me to wear out the roll eyes emoticon here to a faint worn out circle hahaha

can we get a face Palm emoticon please i have asked many times.. we need some new ones specific for Altcoins :)

Lol

Anyone paying attention, THIS is the problem with Bitcoin. The users are way to obsessed with coins, and don't realize that eventually EVERYONE has to get involved (even the people that are not obsessed with coins) if this is going to sustain itself into the future.

I became a coiner because I write a lot and was invited to post my books on Devtome. I did not come here because I am a computer person.

I think it is hilarious that someone posted code at me trying to prove that something is "day 1". That basically makes the whole point, I didn't really need to post the last post.

The whole world is not a bunch of computer programmers. And this is probably why Bitcoin has dropped to $300. Shitty attitude towards regular people.

Some wallets have a mining feature, I noticed, but I have no idea how to use it.

You are a sinner according to the Bitcoin commandments or whatever that guy that posted before was following.

Mining Coins By Keeping Your Wallet Open is bullshit, go for a real coin and mine it man ;)

I have been using Bitcoins for 2 years or more now, and I still don't understand mining. I have a Bitcoin Block Erupter, but I tried the instructions in the link below and the first link just wouldn't open after I downloaded. And I got the 7-zip for whatever.
https://bitcointalk.org/index.php?topic=220450.msg2321308#msg2321308

Maieuticoin (https://bitcointalk.org/index.php?topic=623884.msg9038146#msg9038146) allows staking this way, but it's Minting, not Mining. You earn .96% of your balance weekly

There is also an option to stake through the mainnet cloud if you don't want to run a client. Over 60% of the network is enrolled in Offline Staking (http://www.mmxivcoin.com/stake.html), so the network is also very, very secure from attack

Thanks

Thanks, I'll check it out.

This is a great way to have solid, stable returns. When I first got into crypto I tried to make money on ipo's and getting in first on certain coins, I did well but always ended up losing a chunk of money in some form of scam which would bring me back to zero again after months of hard work. Then I came across Hobonickel's through Tokyoghetto's original journal which lead me to stop the search for new coins and ultimate losses and just sit back and relax. This return has basically paid my rent the last 3 months and lately I have been using the returns to invest in seeds for a vedgie garden, which has led to even further savings on my grocery bill. My next step is growing all my own food, contnue to pay for my rent and be self sustainable through the interest on my coins alone  8). Exponential returns on exponential returns. These returns are coming from my original investment in these POS coins: HBN (100% interest per year),CAP(200% interest per year),TEK(300% per year?),HYP (750% interest per year). Some resources for further reading:

Tokyo's original investment journal(and still the best imo) here:
https://bitcointalk.org/index.php?topic=406112.msg4400530#msg4400530

Crazyloafs new investment journal here:
https://bitcointalk.org/index.php?topic=783697.msg8832777#msg8832777

And Stakechallenger has set up a goal of turning $1000 into $2000 in 6 months here:
https://bitcointalk.org/index.php?topic=683062.msg7747380#msg7747380

Can someone explain this without being a complete dick, and in a way that someone who has NEVER written a line of code could understand.

Thanks for the tips. I can't wait to get started with this after the next round of DVC payments.

Does anyone know of any other coins like Devcoin yet? Meaning like, coins that you can earn by writing/blogging or posting pictures or anything like that?

HBN is an 1 year old coin that mines good every 10 days, EXCL [from my sig] can mine with open wallet coins as new as 3 days.

Nice. I think someone else told me about Hobo Nickles.

be careful, never invest something you cant afford to lose

I will be spending Devcoins that I get for writing. So I am not investing USD or anything.

I have never written a line of code and believe I understand it, I will try.

Within most wallets there is a function you can turn on for "solo mining".
I have only used it on some newer coins that I have mined with my CPU, although I believe you could use GPU or ASIC in the same way.
It just allows you to mine directly without the need for connecting to a pool.

This is terminology, NXT people are calling this process forging. The words are not changing the real picture: You get coins by solving some math problem. PoS is not different: You check every second if one of your inputs satisfies a specific equation.

@Spoetnik: I also noted that account has Senior member rank, but there are so many amazing things in the World ;)

about 1500 comments ago you should have read at least 1 or 2 comments ion the MINING section..

your not qualified to spout off about crypto 1,500 comments with out knowing simple basic shit.

Bitcoin at 300 dollars because of rude programmers ?
or is it because too many NOOBS came flooding in acting like blow hards then learning shit years later after the fact ?

i can tell crystal clear you have a big mouth and march around the net.
you need to take things in steps.. and when you said "that" it showed me you skipped a step and most likely others
and jumped to more advanced shit and posted 1500 comments LOL

geeeeeeeeeeeeeeeeeeeeeeeeeeet it ?

But how would I do it? Just open the wallet and keep it open? Or do I have to put the code he said in somewhere?

All I have ever "spouted" about Crypto was that people could get free coins by writing for Devtome, and that more people should make their own coins.

So I really don't see why you are so butt hurt about my posts. It's not like I was telling people I was the creator of Bitcoin or something.

And just btw, no one else on this thread knows about the Config wallet mining thing you were talking about. So obviously it's not "first day shit" as you "spouted" earlier.

suuuuuuuuuuuuuck it

Nothing happens with no effort. The 'gen=1' option mentioned above would make you wallet mining with CPU. For the most coins it is unprofitable anymore, for some coins, like cryptonote-based, it has nearly the same profit as GPU mining these coins, for some, like Primecoin, it seems the only reasonable way to mine it. But in all these cases 'gen=1' option would consume your CPU resources, so you would pay the electricity (don't do this using your notebook as you will have to pay for the new one soon). As for wallet's config file you should play with it if you are going to use any external to the wallet mining option: GPU, ASIC, optimised cpuminer of different kind. The forum is full of the info how to mine coins: spend your time to find out.

I have a block erupter but I can't figure it out. I am not trying to mine a lot of coins, I just wanted to know how this worked and let everyone know how it works so that this is known. I write for Devcoins, so mining a CPU amount over night every once in a while wouldn't be bad.

How would someone access the "config file" or whatever?

As you write for Devcoins, so you are expecting to get some credit for your writing, spend some time to read the forum: it is full of complete guides how to mine. Again: nothing happens with no effort.

@whom ever
and who cares what is profitable ?
maybe try supporting a coin regardless ?

i mine Jackpot Coin and Max Coin and i couldn't care less what the profit calculators say.
i mine a coin to support it in Max's case there really isn't much else my older Fermi nvidia card can mine that i want to deal with.
the fact so many noobs don't know about wallet CPU mining even though it's integrated into ever coin pretty much shows me..
we have grubby little noobs who show up and know squat but spout of about their financial mumbo jumbo and ramble on about what coin is best etc.. for thousands of comments.

I have read TONS of threads about mining, and I have downloaded ALL KINDS of stuff (GUI and BGF and whatever, I am not a computer person, I don't remember all the acronyms) and I just can't figure it out.

I even have a block erupter, and I can't figure out how to make it work, even though I know where this thread is.
https://bitcointalk.org/index.php?topic=220450.msg2321308#msg2321308

When someone just says "Download this and do x with it", that might make sense to you guys, but 90% of people are going to need to be shown. In some kind of video, or something.

if your wallet have some coin you can mine some coin by opening you wallet

proof of stake

also do not forget PPC can be mined this way but very low profits ;)

nope fuck that shit.. this whole newer generation of kids that need a Youtube video for everything imaginable irritate the fuck out of me big time !
I HATE Youtube faggotry !

a basic web page with a bit of text and a picture or two will suffice.. no need for Trillions of stupid little videos.

i really can't stand this newer generation of idiotic younger douche that popped up and changed the net on me !
this newer generation that Fap's over Twitter and Reddit and Facebook etc.. stupid useless gay garbage !
anyone that speaks in Youtube links on forums or on Chat boxes need a cuff up side the head.
If i ask a guy a question i don't want a URL to Youtube as the answer.. type it out lazy little shits LOL

Little fucktard Kiddiots ruined the entire internet !
The first thing they did is started running around trying to parent everything with Politically Correct shit and this no swearing policy  ::)
I think they got home from school and pushed their rules from their teachers on us all after school chirping off on Mom's laptop..
Then they started with some cockiness.. the Kiddiot specialty.. the smug loud overly confident chatter that never goes quiet.
Kids know nothing at all but they never shut up !
And i noticed they love to stomp onto the net and spout of even worse than they do in IRL
IRL ? ..well
They also invented a crap load of stupid terms and spammed them all over such as back in like 2008 i wanted to punch out
every little shit that said "EPIC" every 2 minutes !

There was a time when the internet was cool.. it's loooooooooooooooooooong gone now.
Now everything is designed to pander to morons who are professional facebookers and we have 19 yr old little shits thinking their smart fresh out of school (faggy degrees)
well guess what kids.. i was online before your fucking born brats LOL
There was a time when everything was designed and targeted towards Computer Nerds like Overclockers.. not anymore.
Now the target demo is Facebook or Reddit douche bags..
and it just keeps getting worse and worse.. the cool kid cell phone crowd has creeped into the OS now.. Windows ? Ubuntu ? ......gay !!!!!!!!!
I don't need "APPS" thanks and when Angry Birds or Flappy Bird is worth BILLIONS we got something wrong  :(
Windows Market ? uhhh not happening thanks  ::)
I just seen this and who am i talking about ? The little pricks commenting on this web page..
http://www.neowin.net/news/windows-10s-new-icons-show-a-flat-future-ahead
Wanna see some butt ugly ass icons and stupid little shit trend hopping ?

Thanks for fucking up my internet.
Thanks for fucking up Windows and Linux and now every UI such as Samsung's, Apple's etc
Thanks for the ADD kid flashing colors and Fischer Price dumbed down shit for granny and dumb brats.
Thanks for starting the butt ugly 80's style flat icon faggotry.
Thanks for making Facebook worth more than the GDP of most countries on earth.
Thanks for running around the web saying Ad's integrated into cell phones and the operating systems and software such as Utorrent is acceptable.
Thanks for for Intel releasing Haswell with Integrated GPU's and integrated voltage regulators on chip. (for Mobile)
YOU NEED "Angry Bird" so Desktop Overclockers now get a fat cock in the ass ! ......pandering.
Intel now says hey fuck em.. our target demo now is cell phone brats and chicks..
In case people don't know the previous generation could overclock way higher and on Haswell they butchered the architecture :(
go read the Z87 chipset write up for mobo's
my board has a booklets that brag about the overclock ability of integrated displays LOL
and massive warnings about overclocking sucks...... why ? Moooooooooobile........ app'z .............tweenlets and Youtube flat icon windows 8 douchebaggory !

thanks for being lame guys i really appreciate it..

You forgot one thing: they need a filmed instruction howtodosmthng with mouse having just one button preferably.

NOT EVERYONE IS A COMPUTER PROGRAMMER.

If anyone wants to help me out, give me some views on Devtome.
http://devtome.com/doku.php?id=wiki:user:basic_information_before_leaving_earth_b.i.b.l.e
http://devtome.com/doku.php?id=lucid_dreaming_growing_dream_herbs

Keep posting PoS coins and other info.

Just to use a wallet there is no need to be a programmer to read the documentation written in living language. You need not to go deep into the details how exactly transactions are signed, what algorithms are in use and how these algorithms applied.

If you want to mine a coin in most cases you would choose to use some mining pool to connect your mining equipment to. Every pool's site has instructions how to mine with them, not counting all the info you could find in this particular forum.

The staking is simple as buy coins, send them to your wallet and keep the wallet running. This also is covered in every PoS-based coin related thread/web-site.

If you want an advanced mining then you have to be a bit more advanced than average people.



When a tech writer too lazy to look into the docs or not able to understand an area he is trying to write about then he usually hires a specialist who explains the topic and answers writer's questions.

@OP
No offense guy i was just stunned big time you didn't know that an i bet most of us woudl agree with me on that too.
not knowing about wallets built in mining is pretty surprising especially after i pointed out how you have the same account status as me and 1500 comments made LOL
like wow man how the hell did you go this long and not even hear about that ? CRAZY ! hahahah

but hey don't sweat it and sorry if i was rude i was not trying to direct any bad attitude specifically towards you..
but more at a *newer generation that spouts off first and then asks questions later.. this is a clear pattern !
a good example is Doge coin itself !

a huge massive crowd of younger guys came here from out of nowhere and took over and started hyping / spamming about Doge
and they posted Meme pic's every few seconds and talked like idiots with "much" this and "such" that "very" this etc..
then they attacked and trolled the living shit out of anyone that opposed them.. look at my "Why Doge Coin Is Bad" topic for proof ;)
then..
They cashed out and left or changed their attitude and NOW agree they were WRONG !
and that is a clear pattern of what younger people do on the internet.
they know fuck all but they spout of and jam shit down your throat and then flip flop on it all later..
AFTER the mess has been made and left behind to clean up for them.
they ruined the Altcoin scene then wandered off..
any Youtube videos for that ?

My "Why Doge Coin Is Bad" Topic for ages was getting tons of replies and after a while it died off and all i ever see NOW
is people admitting it was a piece of shit clone coin..

So, before coming on the internet and ruining things and spouting off sit down and stfu and learn !
then when you have the experience under your belt try and influence or change things etc.
and that just reminds me of another topic here yesterday where a guy said he wanted devs for a new coin.
page one there was already some little shit asking to be a forum mod..  ::)
kids love being forum mods .. makes them feel like bigshots
and most sites etc are moderated by kids too.. they dive on it like vultures across the web.
when in reality it should be a older guys in charge.. there is no substitute for experience.. learn from it !

writing devtome to articles but you missed day 1 stuff ?

see the pattern yet ?
kids don't get it and the newer generations are ohhhh so cocky and over confident compared to older generations.
you guys out there really truly honestly are unaware you know shit all about anything.. if you did you would be quieter LOL
you wouldn't be trying to weazle into management positions or submitting "articles" or making coins etc.. you'd be sitting quietly trying to learn !

so.. GET OFF MY DAMN LAWN !!!!!!!

I never said I needed help using a wallet. I think you should read the thread before you come in here telling me stuff I already know.

Again. I have read THOUSANDS of threads about Mining. Reading threads DOES NOT HELP people who don't understand code.

Bitcoin needs an "AOL" version, or it will not spread to everyone. Right now it is too code filled for anyone that has never written a line of code in their life. Ex: If you asked me how to change text color with HTML, I would not be able to help you.

So thank you for trying, but you probably don't realize that all you did was come in here and prove my point by telling me to do everything I have been doing for 2 years.

And I shouldn't have to hire a specialist when an asshole will come in here and say "That is day one stuff" the asshole should just post instructions.

I am really not worried about mining though, I have done fine without it. I am just going to get some Hobo nickles and stuff.

Aha, I got: an AOL version of money printing machine: "Plug-n-Play".

Take care.

@Bitcoin-hotep, I can try to explain it in layman's terms since I don't think anyone has really answered your question yet. Some people have responded about "Minting" when I think you are asking about "Mining". Minting is specific to POS (Proof-of-Stake) coins, some of which have already been mentioned. With POS, all you have to do is have a balance and you can leave your wallet open, or just open it every few days/weeks, let it sync up the blockchain, and it will start minting coins based on your balance and the programmed interest percentage.

Now, in order to mine with your wallet, all you have to do is open the wallet, let it sync up the blockchain, then (I am at work and going off of memory here since I don't have a wallet on my work computer, so I may be wrong) I believe it is click on "Options" and then "Debug console". The "Debug Console" will open a window where you can type in commands. The command to start mining is "setgenerate true" (without the quotation marks). There are other commands you can use where you can set up the number of cores to be used, assuming you have a multi-core processor. You could probably do a google search and get those commands if you were so inclined to try and play around with that. The command that Spoetnik mentioned is one of those commands. By the way, Spoetnik is a very brash and abrasive person, but he is a very knowledgeable person with regards to crypto, so don't take anything he writes personally.

It was mentioned before, but wallet mining uses the CPU, so I don't think there is a way to use your block erupters to mine with your wallet. Hope this answers your question.

Thank you.

I think I can figure it out from that and make a video for newer people soon.

Will the console respond if I get it right?

I typed it in and nothing happened, but the text was entered and it is green text. Does that mean it worked? The console replied, but the reply has no text, so I don't know what it means.

Just btw, everyone should mine some Devcoin.

getmininginfo

use that command on any wallet basically.. should give you your hash rate if i recall correctly.

what i ended up doing way back was creating a windows batch file that adds that string to my clipboard..
then i created a shortcut to it in my custom re-created XP style *hidden "quick-launch" i use / made on Windows 7 x64
so i click once and that string is on my clipboard to paste into the console :)
ya i'm weird ;)
my UI is custom to hell and back like crazy  8)

edit:
and you should research the history of Devcoin ;)
that is kind of like saying everyone should invest in ORB hahahah

Thanks for the mining tip

I have studied the History of Devcoin. And I know everyone thinks it isn't valuable, but if it went up in value, the writers of Devtome would be the most well known Bitcoin whales.

Right now DVC is 10 satoshis, and everyone is like "see how bad it is doing" but when you get paid half a million DVC for every 1,000 words you write, it kinda proves to you that 10 satoshis is a pretty HIGH price. And if it goes up, it is just getting BETTER.

And as I have studied the history of Devcoin, I can also tell you what the main problem is. The main problem is that their are a bunch of writers (some of whom have been doing this 3 years or more) collecting MILLIONS of DVC every month. And they HOLD those coins.

Now, this method would make sense if they bought the coins, because then they would have been in the market and as the writer bought them, they would be boosting the value of DVC itself. But instead, they are getting free coins by the millions and holding them. And not only that, but they tell other people that they way to make DVC grow is to hold any coins you get...

So it stagnates, because everyone is just getting free coins and holding them. It's just stupidity that makes Devcoin look so bad.

And not only that, but the DVC community looks down on anyone that sells the coins they earn writing, even though that is the best way to get people to know Devcoin exists.

So they are quite literally (I know it is figuratively, I just mean literally as in, this is no small thing they are doing) shooting themselves in the foot, on a regular basis.

If someone went right now and sold 200,000,000 Devcoin for half price, it would change everything forever. Tons of people would start selling their coins, tons of new people would buy coins, and suddenly the Devcoin community would be in motion.

Thank you so much for posting this, it took me like 10 times of coming back and reading this once a day (maybe less than 10) and I finally memorized "Setgenerate True" if it were like "Start Mining" I would have remembered it sooner, but I got it now.

this is a wonderful and fantastic question actually, the complexities of what you just asked are pretty extensive but i believe the answer is yes.

when a so called "high stake" return crypto is both PoW and PoS mined you can have multiple entry points.

I wouldn't look at "adoption" is the currency sense of goods and services as the primary driver right now - but rather look at your own inherit interest and know that you may have answered the question.

sorry to be cryptic but  the answer is i think they are viable in a specific market , yes

stick to the PoW/PoS variants and the ones in which the PoW is continuous is my advice - two i know for sure are Caps and HBN Hobonickles .

but i'm like you a learner here.