Hashrate x difficulty / time per share = estimated time till block
I also need the formula for estimated earnings, again based on the speed but also on block reward and then I will pay the bounty. Bumping bounty to 0.02btc Time per share would mean what exactly? |
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Bumping this with a bounty.
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The difficulty is a human-readable representation of the target, just for us to be more comfortable with it.
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The only amount I've lost due to theft is 5000 doge and they weren't even worth that much at the time. As for Bitcoins, over 2 on gambling. But you specifically said stolen or anything similar.
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You made a new account for this? Why not use your old account?
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Why has BitcoinWisdom not entered since the 8th? I wish to contact him for some stuff.
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What happened with bitstamp routing? Do trades still go through bitstamp or just on BFX's market?
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I'm a complete novice with Bitcoins. I'd like to get started and give it a try. Get my feet wet. Though, I am VERY limited in what I can afford. I was looking at a 10GH/s Bitcoin Miner at $349. This is the smallest listed. It's a lot of expense for me, but if I could get my money back in a reasonable amount of time, it could be a possibility. Is this going to be acceptable, or would it take me years to recoup the start up cost? About how long would it take for me to earn the money back that I spent on the miner/hardware? I was thinking this would be a start up miner and upon making profit I could then upgrade to a more higher production miner. Any thoughts or advice would be appreciated, thanks.
mfosteri
San Diego
I don't know where you saw that price, but it's outdated. You can find a 7gh/s device for like $25 or less. And 180gh/s cost like 0.893btc or 500 dollars at this point. As for breaking even and profiting, you are looking at several months at best. |
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Well when I created a brainwallet I was given a wallet address and private key... Just wondered how to import them both into my wallet
Typically, you type your passphrase into a brain wallet site and it will give you the private key. Then you import that private key into your wallet. The address is derived from the private key so it should match. Thats only if his coins aren't already stolen. I've seen brainwallets get emptied within 10 seconds. |
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Lets see if Market reacts to this news or not.
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Four Blood Moons: Total Lunar Eclipse Series Not a Sign of ApocalypseThere has been a lot of interest recently in an upcoming series of lunar eclipses that begins April 15. These are usually described as "four blood moons" and taken by some to prophesy upcoming disasters... http://www.space.com/25409-four-blood-moons-tetrad-lunar-eclipse.htmlWatch-out for your bitcoins  This isn't really relevant to Bitcoin. |
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Can't believe this thread caused somebody to dump his coins violently dropping the price to ~$415.
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Does anybody have the estimated earnings formula as well as the estimated time to generate a block formula which are used in the gribble bot on #bitcoin-dev etc? Preferably where I can also specify the block reward as well(for altcoin earnings calculation).
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MtGox used to be the bona fide site for trading Bitcoin
What is the next best place or what are you using?
When was MtGox ever the best place? |
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ARRRRRGGGGG!!!!! They were arriving TODAY, guess not.... Not Bitmains fault but frustrating to see all those lonely PSUs on the shelf....  I have the same type of tracking, stuck in KY, was supposed to be delivered today but I think it will be Monday, loosing 3 days additional hashing, waiting on 2 units in NJ. Unfortunately for you, tons of people out there, nothing related to Bitcoin, have had their stuff held in KY. Simple Google search reveals this https://forums.lenovo.com/t5/General-Discussion/Shipment-stuck-in-customs/td-p/181978/page/10 |
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As far as I know, the amount of data you can put is very small.
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Don't trust Blockchain.info too much, it's a piece of software that is prone to bugs due to database/hard drive failure.
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While these days we have many exotic ways to create applications/programs(for me the two terms are interchangeable), there are a few languages you need to know. I would always first suggest C, it's the most elegant language I've ever seen, despite the fact that it's old. Then we have C++,C#,Java and Python.
You don't necessarily need to learn them in the same order, but generally, those are the main languages you need to know. Even as a hobby it wouldn't hurt. And then after that Ruby,Node.js,Perl,PHP,Go etc.
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...
So you are saying that the stats there are only confusing us, and I don't have 6% HW errors? I'm mining at btcguild, the diff in my Miner status is 128 under "Diff". Although I am curious what Diff1,DiffA,DiffR,DiffS,LSDiff all mean.
Well the screen is documented clearly in cgminer https://github.com/ckolivas/cgminer/blob/master/README#L534AntMiner's lack of documentation in the web interface is their fault. Though my post above I thought it was obvious that DiffA means Difficulty Accepted. Usually(or all the time?) a HW error appears when a device reports an incorrect nonce(or a dupe?), but since the difficulty is set to 128, only shares below that target(higher diff shares etc) get accepted, so my error rate might actually be indeed lower since HW errors get reported before the share gets tested for it's difficulty. |
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What sort of HW error rate should I be seeing? I have two AntMiners I just got up and running today, up time is 5+ hours and here is what each is showing:
#1) Accepted 7507 Rejected 13 HW 2695 Utility 21 Discarded 852 Ave 179.18 Gh/s Temp 48
#2) Accepted 7917 Rejected 22 HW 3010 Utility 22 Discarded 966 Ave 178.59 Gh/s Temp 46
Both are pointed at Eligius with a backup at BTCGuild and both are running at factory settings (no overclock).
thanks for your help
You are looking at the wrong numbers. HW is diff1 Accepted - ignore it Difficulty Accepted is diff1 Rejected - ignore it Difficulty Rejected is diff1 Utility - ignore it Work Utility is diff1 Discarded - almost meaningless Edit: you are mining at ~100diff, so the numbers you are showing are very approximately 100th of the diff1 values (looking at the API summary will show that) So you are saying that the stats there are only confusing us, and I don't have 6% HW errors? I'm mining at btcguild, the diff in my Miner status is 128 under "Diff". Although I am curious what Diff1,DiffA,DiffR,DiffS,LSDiff all mean. |
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