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Title: How to tell if you solved a block? Post by: st4rdust on March 26, 2012, 11:17:07 PM If my client says, "Generated (50.0006 matures in xxx more blocks)", but under the Credit column, it is listed at 0.00. If I generated a block on my own, wouldn't I earn 50 BTCs instead of the 0.00 listed in the transaction?
Title: Re: Solo Mining - Did I solve a block? Post by: the joint on March 26, 2012, 11:21:19 PM I recently started solo mining and I just noticed a new transaction in my Bitcoin client. It says, "Generated (50.0006 matures in 116 more blocks)", but under the Credit column, it is listed at 0.00. If I generated a block on my own, wouldn't I earn 50 BTCs instead of the 0.00 listed in the transaction? Sorry, I'm new to solo mining and I'm not sure what this means. Can anybody help me out with some insight? You need to wait 116 blocks for it to show. Congrats on solving a block! :D Better hope the price doesn't drop to 0 in the next 24 hours ;D Title: Re: Solo Mining - Did I solve a block? Post by: DeathAndTaxes on March 26, 2012, 11:21:48 PM Yes so found a block. Assuming it doesn't become orphaned you balance will increase once the blocks remaining counter hits zero. If it does get orphaned well that is the variance gods punching you in the nuts.
Title: Re: Solo Mining - Did I solve a block? Post by: Clipse on March 26, 2012, 11:37:48 PM I recently started solo mining and I just noticed a new transaction in my Bitcoin client. It says, "Generated (50.0006 matures in 116 more blocks)", but under the Credit column, it is listed at 0.00. If I generated a block on my own, wouldn't I earn 50 BTCs instead of the 0.00 listed in the transaction? Sorry, I'm new to solo mining and I'm not sure what this means. Can anybody help me out with some insight? You sponsoring bitcointalk pizza ? :P I really hope, especially if you are small time miner, that you do earn this block and not get invalidated by deepbit or some larger pool. Title: Re: Solo Mining - Did I solve a block? Post by: st4rdust on March 26, 2012, 11:40:42 PM the address in the coinbase should match an address in your wallet. No, it doesn't seem to match any of mine. I believe the block was actually solved some time yesterday evening or early this morning, though. I just happened to notice the new transaction in my client today. Title: Re: Solo Mining - Did I solve a block? Post by: st4rdust on March 26, 2012, 11:42:47 PM I really hope, especially if you are small time miner, that you do earn this block and not get invalidated by deepbit or some larger pool. How would that happen? Is there anything I can do to prevent it? Title: Re: Solo Mining - Did I solve a block? Post by: DeathAndTaxes on March 26, 2012, 11:45:32 PM How would that happen? Is there anything I can do to prevent it? Nope however it is pretty rare and given the block was found more than 4 blocks ago you are well out of the "danger zone". An orphan occurs when two miners (say you and Deepbit) find a block at roughly the same time. Part of the network is building off your chain, part of their chains. Eventually one chain will be longer and the other chain dies. Title: Re: Solo Mining - Did I solve a block? Post by: st4rdust on March 26, 2012, 11:49:45 PM How would that happen? Is there anything I can do to prevent it? Nope however it is pretty rare and given the block was found more than 4 blocks ago you are well out of the "danger zone". An orphan occurs when two miners (say you and Deepbit) find a block at roughly the same time. Part of the network is building off your chain, part of their chains. Eventually one chain will be longer and the other chain dies. Aha, thank you for the information. Again I must apologize for my naivete in the realm of solo mining. I am indeed a relatively "small-time" miner as you guessed, only operating between 2-3ghash/s. I turned my miners over to the solo configuration as a half-joke really, that I'd leave them going for maybe a few weeks and see if I might get lucky, but I never imagined I might find a block, especially so quickly, that's why I wasn't quite sure what I was seeing in my transaction register. Title: Re: Solo Mining - Did I solve a block? Post by: Clipse on March 27, 2012, 01:15:53 AM How would that happen? Is there anything I can do to prevent it? Nope however it is pretty rare and given the block was found more than 4 blocks ago you are well out of the "danger zone". An orphan occurs when two miners (say you and Deepbit) find a block at roughly the same time. Part of the network is building off your chain, part of their chains. Eventually one chain will be longer and the other chain dies. Aha, thank you for the information. Again I must apologize for my naivete in the realm of solo mining. I am indeed a relatively "small-time" miner as you guessed, only operating between 2-3ghash/s. I turned my miners over to the solo configuration as a half-joke really, that I'd leave them going for maybe a few weeks and see if I might get lucky, but I never imagined I might find a block, especially so quickly, that's why I wasn't quite sure what I was seeing in my transaction register. Once it confirms, you sir just found ~$225 on the interwebz :D Title: Re: How to tell if you solved a block? Post by: Raoul Duke on March 27, 2012, 01:53:12 AM Better than finding them. He just did something only allowed to central banks, he created money, the lucky bastard... :P
Title: Re: How to tell if you solved a block? Post by: st4rdust on March 27, 2012, 03:06:12 AM Better than finding them. He just did something only allowed to central banks, he created money, the lucky bastard... :P I feel like your avatar. Or Harry Crane's Father-in-Law from AMC's Mad Men: "It turns out, he shits gold ingots." Title: Re: Solo Mining - Did I solve a block? Post by: Jaryu on March 27, 2012, 05:03:09 AM How would that happen? Is there anything I can do to prevent it? Nope however it is pretty rare and given the block was found more than 4 blocks ago you are well out of the "danger zone". An orphan occurs when two miners (say you and Deepbit) find a block at roughly the same time. Part of the network is building off your chain, part of their chains. Eventually one chain will be longer and the other chain dies. Aha, thank you for the information. Again I must apologize for my naivete in the realm of solo mining. I am indeed a relatively "small-time" miner as you guessed, only operating between 2-3ghash/s. I turned my miners over to the solo configuration as a half-joke really, that I'd leave them going for maybe a few weeks and see if I might get lucky, but I never imagined I might find a block, especially so quickly, that's why I wasn't quite sure what I was seeing in my transaction register. which software are you using to solo mine and how long did it take you to solve the block since you mentioned that it was solved quickly? Title: Re: How to tell if you solved a block? Post by: mb300sd on March 27, 2012, 05:35:54 AM How many GH/s do you have? You must be one lucky **** if you solved it with a single rig...
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