|
Bump? I'm still not finding this. How do the miners know/when do they check if a transaction is legitamite? When the block is being filled, or as it is solved?
|
|
|
|
|
Fixed it! I had to fight with it for a few hours, and create a new mining account at slushes pool, but it works now.
Turns out it auto starts as soon as settings are correct
|
|
|
|
I paid for 3.2 btc for ~10GHashes, expecting it will break even, at least in a year. may be some more for second year as profit. Everything is ok so far, and received my 0.1 BTC as my weekly payout. Except September delivery announced, received in late in October. If this extends for 32 more weeks (8 months), then it will break even with my investment, which is great. But I think it will never return my investment.  Ouch, I just got 10 giga for 0.9 and I'm questioning my ROI.... Good luck! |
|
|
|
|
I'm trying to get this proxy to work... how do I point it at different pools?
I want to use the bitminter pool.
|
|
|
|
|
I was just there tonight. There's a video somewhere, someone will bring it up here.
The use is pretty cool, you start with the screen where you choose "Buy, sell, or redeem code"
Then you scan your palm, and either create an account, or log in (all it takes is a palm scan)
If you're creating an account, it takes 6 palm scans and an email address, then <5 min wait time.
After that, you estimate what you want to buy, and it shows the exchange rate (a bit high, but still good)
then you get a receipt
Then you choose where the coins go, you can either deposit to your phone, or get a paper wallet generated
Then deposit cash, and voila!
Theres a bit of a wait to get the funds, maybe 15 min? Then you have to wait for confirmations.
I havent done selling, but I assume its the same. The sell price is really good, basically the same as online exchanges. Sell was at 245, buy was 270 today.
Redeem i think is you scan a paper wallet, and it gives you cash.
|
|
|
|
I have 20 eruptors hashing at 400 mhash through a raspberry Pi. I have no idea why they're going so fast... but they have been for the past few weeks. Even restarting/rebooting, they go back to 400. EDIT:: They're getting like 3-4% error rate, and <1% rejected, so it's not too bad. I'll take a few extra % in errors for a 20% hashrate increase  High hash with bfgm and a Pi is a sign of low current to the hubs. With good current expect to see 333+/- 5 with a reject under .3% and error under .8%. The hash rate well decrease as you increase the number of miners. I've had as many as 80 sticks on a single Pi but I get better results with 50 or less sticks per Pi. I'm running 3 Pi's with 30/30/40 config. I can try different pool settings and see a difference right away. Its directly connected to a PSU, so it should be able to pull plenty of current... there are 44 amps available |
|
|
|
You've got part of it right. A block is like a box that's been filled with transactions and then filed into the blockchain. However, it's more of the following:
1) There are hundreds of transactions floating in the network that are not yet included in any block.
2) Miners group those unconfirmed transactions into a *potential* block, and start trying to come up with a hash that will meet the current network difficulty for this potential block they've assembled. They pick transactions based on priority, which is a mixture of the age of a transactions inputs, the size of the inputs/outputs, and the fees attached to the transaction.
3) If a miner creates a successful hash for their potential block, they broadcast the block to the network that they now have a new block properly added to the blockchain. This gives transactions their first confirmation. As future blocks are added to the chain based off this one, they gain an extra confirmation.
3a) If two competing miners come up with a block solution at the same time, it's possible your transaction *loses* its confirmation. If the competing block found at the same time (roughly) does not include it, and the following block on the network uses this competing block, your transaction will lose its confirmation and end up floating across the network again waiting for a miner to pick it up.
Right. So do the miners confirm the transactions before they put them in the box? Or are they confirmed when the block is solved. I know you mean that the blocks get multiple confirmations the deeper they are in the chain, but when are they checked for double spends or false coins? Is that when the miners put them in the block? |
|
|
|
|
I vote ASICMiner, for being first to market and actually being able to deliver products.
|
|
|
|
|
Yes, I know how to google.
I've done my research, and don't understand. Hence why I'm asking for help.
(Sorry if that sounded snarky)
|
|
|
|
|
Hey, I'm working on brushing up my mining knowledge and there's something I can't quite find.
Before, I thought that every 10-min (ish) a block was made, then the miners began to work on it to solve it, then once they solved it the block was added to the chain, and the transactions were confirmed.
But now, I understand that the block is like a box. A transaction is made, and put on a waiting list, then the miners come along with a new box (block) and start to fill it up with transactions from the waiting list. they give priority to the transactions with fees, obviously.
So, they fill up the block, close it, and then solve it? Do they need to solve the block to "lock it shut" or do they need to solve it to "open it"?
And when they confirm transactions, is that while they're putting them into the box? So that they fill the box with legitimate transactions, solve it, and add it to the chain, and then as more blocks are stacked on top they count as more transactions, and once it has 6 confirmations (it is 6 blocks deep in the chain) it is verified.
|
|
|
|
|
Ah... Well it's not mining, so I must have screwed something up. I'm trying to connect to bitminter and BTCguild, how do I do account settings?
I have username_worker:password put in
|
|
|
|
I have 20 eruptors hashing at 400 mhash through a raspberry Pi. I have no idea why they're going so fast... but they have been for the past few weeks. Even restarting/rebooting, they go back to 400. EDIT:: They're getting like 3-4% error rate, and <1% rejected, so it's not too bad. I'll take a few extra % in errors for a 20% hashrate increase |
|
|
|
Aren't I missing a button here? Where's the "Start mining" button? Shouldn't there be a "switch clocks" button to start?  I finally got it connected to two pools, and the "Uptime" counter has begun, so I think it's working.... How do I get it to mine? |
|
|
|
|
Ya'll still missing the point.
Investing and making money is good, but if there are NO MINERS THERE IS NO NETWORK.
Mining is crucial. You should be thanking all the people who are mining at a loss to PROTECT YOUR NETWORK THAT YOU HAVE MONEY INVESTED IN AND ARE PROFITING OFF OF.
No miners, no BTC. Keeping BTC alive is worth more then profiting to some people.
|
|
|
|
As everyone says, a bit over priced. I'll buy one when they get cheaper. I know I'll never get ROI, but I can get closer and lie to myself for the sake of cool new tech |
|
|
|
GPUs are good way to start mining now. If you have a free power ofcourse
Lies! Not for BTC! Maybe for alt coins. |
|
|
|
Post pics of his work, his portfolio was lost when his comp crashed. I'll post the business cards he made for me (once I pick which one I'm keeping ) |
|
|
|
(This is posted on behalf of a friend, email them for more info, don't PM me) I specialize in website graphics and business design. I can make business cards, flyers, ads, logos... Anything you need to help your business get the attention it deserves. I can help you with making websites, making the jump from "just another template website with stock graphics" to a unique business front. My preferred design styles are commercial, technological, or steampunk graphics. Email me at bpolar@amiejustotiamzon.com and we can get started today! |
|
|
|
I'm giving him 0.1 BTC and he's designing me a business card.
You don't have to give him donations, he said he's a freelancer looking for work. Give him work!
Has he done it? EDIT:Never mind. He is doing a forum sig for me   Of course, I don't pay blind :p he gave me a few designs, so I paid half, and he gets the other half once we've decided on one. It's good work, I'm quite happy |
|
|
|
|
I'm giving him 0.1 BTC and he's designing me a business card.
You don't have to give him donations, he said he's a freelancer looking for work. Give him work!
|
|
|
|
|
Show Posts
