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Title: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: infinitevs on May 15, 2011, 02:06:59 PM I started mining using GUI miner on Thrusday afternoon. It said it was working fine. It had 24.5 Mhashes a second. I went out over the weekend and have just come back on Sunday night and still have no coins. What am I doing wrong?
Cheers, Sean Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: mewantsbitcoins on May 15, 2011, 02:09:43 PM if you went solo it will take you approximately 313 days to get your first 50 BTC
http://www.alloscomp.com/bitcoin/calculator.php Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: kokjo on May 15, 2011, 02:10:51 PM I started mining using GUI miner on Thrusday afternoon. It said it was working fine. It had 24.5 Mhashes a second. I went out over the weekend and have just come back on Sunday night and still have no coins. What am I doing wrong? nothing, but it takes appox. 319 days to mine a block at that rateCheers, Sean source: http://www.alloscomp.com/bitcoin/calculator.php Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: compro01 on May 15, 2011, 06:47:00 PM if you want to get anywhere with that amount of hashing power, you need to join a pool.
popular ones are slush's pool (http://mining.bitcoin.cz/), deepbit (http://deepbit.net/), btcmine (http://btcmine.com/), and eligius (https://www.bitcoin.org/smf/index.php?topic=6648.0). Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: infinitevs on May 15, 2011, 10:58:13 PM Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins?
Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: compro01 on May 15, 2011, 11:10:40 PM Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins? 1. no idea where you found that. only thing i can think of that resembles that is the 120 block maturation (you don't receive the reward for a block until 120 blocks have been added to it past your block) for block rewards. 2. they don't. difficulty 1 hashes don't have any real relationship to a solo mining payout. only pooled mining really makes use of that. Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: foo on May 15, 2011, 11:47:25 PM Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins? The current difficulty is 157426. This means that on average you'll need to find that many difficulty 1 hashes in order to hit one that generates a block. Note the "on average" part though, it could be 1 hash or a million, but the average in the long run will be around 157K. Unfortunately though, the "long run" isn't very long, the difficulty is going up by about 40% in a few days. :) Title: Re: Still no coins after 68 hours and approx. 1,000 approved hashes? Post by: Ian Maxwell on May 16, 2011, 12:11:31 AM Infinitevs, at the speed you're dealing with it may be marginally profitable for you to mine (I haven't done the computation), but it's probably not worth putting in a lot of effort. Join a pay-per-share pool like Deepbit or the variance will make you crazy.
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