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July 05, 2024, 04:13:48 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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21  Other / CPU/GPU Bitcoin mining hardware / Re: "Factory Hot" USB Erupters on rPi MinePeon? on: November 21, 2013, 04:25:19 AM
Hashrate is calculated by the work returned.  Its probably just a lucky streak, let it run for a day or so and it will trend to 336.
22  Other / Beginners & Help / Re: What is Mining? (not what you think) on: November 20, 2013, 11:55:53 PM
Quote from: imamanandyou on November 20, 2013, 11:33:56 PM
Quote from: electronrancher on November 20, 2013, 11:25:13 PM
Step 4/5 is where you spend most of your time.  Billions of checks before any worthwhile solution is found. 

with 1 difficulty it is 2^32 checks (4.294.967.296) on average

Current difficulty is 609.482.688, so 609.482.688 * 4.294.967.296 checks on average to find new block  Shocked

Cool, I had not known the diff calculation was that simple.  TIL.
23  Other / Beginners & Help / Re: What is Mining? (not what you think) on: November 20, 2013, 11:25:13 PM
Step 4/5 is where you spend most of your time.  Billions of checks before any worthwhile solution is found. 
24  Other / Beginners & Help / Re: When Can I post? on: November 20, 2013, 11:01:13 PM
Yeah, but how do they know we are legit.  We could be Nigerian princes.
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