I don't know but i get the feeling ASIC mining is not going to be around for long (or not appealing to the general public), especially in regards to SHA256 coins. Now if they bring forward the ASIC miners for scrypt that may be an entirely different story. ASIC is killing off the joy of mining though: Makes technology available to us at high costs and nearly before the technology has become obsolete (they probably mine the hell out of them before the miners reach us). I may be wrong and comments are welcome.
ASIC scrypt miner? how would that work? It is my understanding that scrypt mining isn't really doable on an ASIC. Something about ASICs not having any memory. |
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I expect commercial interests to take over the role of mining once the number of coins per block diminishes enough—the value of BTC will define was "diminishes enough" means. Certainly within 20 years, probably sooner.
Mining for transactions fees will become a low margin business, and as such will be handled by corporate interests who can invest enough on the infrastructure side to maximize profits. I could definitely see exchanges (or whatever replaces the exchanges) engaging in this as not only a side business, but a service for their users to ensures fast transactions.
So say I from my Throne of Prognostication™.
I disagree. I suspect that when it gets to the point where it is just transaction fees, or close to that, and the exchange rate hasn't compensated for it, then it will be the Hobbyists and people who just just want to support the coin that will remain. The big guys will move on to the next big thing. I can see a day when there are so few miners mining that people will be able to solo mine with a reasonable variance. |
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No, it is not unusual, and it is not selfish. Pools with slow propagation rates will keep their blocks small to avoid Orphans. Or, perhaps their list of available transactions didn't update in a timely manner.
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In simple terms, Bitcoin mining is turning electricity into money. you have hardware that runs and at a given rate and returns a certain number of bitcoins. The more efficient the hardware is in speed and power usage, the more bitcoin you make. The lower the per gigahash price is, the more likely you are to make a profit. Or, at least earn back your investment.
There are also outside factors affecting your return, such as the BTC exchange rate.
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It is worth a shot, yes, but a little late in the day (10pm) to run wire, family gettin ready for bed so I'll do it tomorrow but I am curious as to other peoples thoughts on the matter.
Mining does not use a lot of bandwidth so wired or wireless shouldn't make a difference. (i think) |
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Question. I have 3 gpu's is it worth pointing at this pool or should I stay with the alts?
With GPU's you are definitely not for BTC (or any other SHA256) mining at this point, no matter which pool. Even if your power is free GPU won't get you enough for withdrawal any time soon and if you want to donate your work to some pool, then pick your own favourite. thx for the quick reply.  BTW is the mining proxy only for this pool or is it configurable? I believe that you have to recompile to change where the proxy points. But i might be wrong. There is a thread fro the Slush proxy. |
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If it gets too extreme, I'll just begin deleting the more unoriginal/generic/short threads by default. Until now, I only really deleted absolutely useless threads which are certainly spam and serve no purpose.
In general though, if something particular annoys you, just report it.
So far, my report rate has been 100%, but i worry about it dropping. I'm afraid that i'll become too persnickity. |
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wow - has anyone ever seen a dead even 25 btc block value before ? I have never seen a dead even block value of 25 ever. . I always thought it was 25 + some sort of residual value and that 25 even was not possible. . guess I was wrong.
It is 25 BTC + transaction fees. It is possible to make a block with no transactions in it or only free transactions. |
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I just noticed that they are no longer offering starter kits.  |
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I can understand doing so for scrypt-based crypto, but is there any point in doing CPU mining on a SHA-256 on any pool? Seems like just a waste of time/energy -- but I guess the OP is just using it for testing a netbook.
Maybe as a stress/burn-in test for CPUs-- Or has that been suggested already?
You are right, it isn't viable. But, sometimes we do things because we can not because it makes sense. There is a Hobby aspect to mining. CPU mining can be a learning experience, even if all that you learn is that you shouldn't do that.  |
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Small pools are not for the feint of heart. Or, people who sit and watch them all day.  been Slushing since May 2013, nothing has changed except the Pools hashrate. |
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Congrats all...We did it you guys....10 hour block ! dare we go to 11 ? LoL
Just wait for the 24 hour block. |
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On the other hand, we all get to increase our number of posts as a result of the change. I'd still prefer things the way they were.
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What they said. |
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Hi folks
Just wondering if I can run 2 different USB ASICs (Antminer + Block Erupter) on same Win 7 PC using CGMiner ?
Yes you can. Well I guess that does answer my question in a minimalist sort of way I found a post elsewhere saying CGMiner tries to use all attached devices by default, but it's not working for me. Given the few cent per day, don't think it's worth bothering about so wil just continue running the Ant alone Thx Every little bit helps. |
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"underrun" what do you mean?  |
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But as the number of leading zeroes increases, the number of possible solutions decreases. That's not correct. The number of unique data which can be hashed with sha256 (or any hash) is infinite. Some nonce will work out. And if it doesn't, it won't be the leading zeros, it'll just be some random flaw in the algorithm that happens to manifest itself in the leading zero case. You're thinking as the leading zeros increase, the number of solutions decrease, but that's not true because there's an infinite number of possible nonces which hash to be valid solutions. Let's say that block difficulty is such that 1% of random nonces will hash to be a block solution. Even though only 1/100 random nonces will yield a valid solution, there's still an infinite amount of nonces. Think of drawing tickets out of a (infinitely deep) hat with every number from 1 to infinity written on them (one number per ticket), and a valid ticket is divisible by some prime number, and as the difficulty goes up the prime number that the ticket must be divisible by goes higher. That's what makes a ticket a winner. So when the prime number is 1, every ticket is a winner, and when it's 2, half the tickets are winners, etc. So as the difficulty increases, it's progressively harder and harder to have a drawing be a winner, and yet the number of possible winners is still infinite. The number of possible nonces is certainly not infinite. The nonce field in the header is 4 bytes, the extraNonce field in the coinbase can be up to 100 bytes. This makes for a very large, but finite number of possible nonces and therefore a finite number of solutions. Even if you added additional fields that could hold arbitrary value, the maximum block size of 1 MB still restricts the number of possibilities to something finite. I was thinking the same thing, but didn't say anything because i thought i was missing something. |
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This thread always has the best fights! *munching Popcorn*
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I get good hash rates on my USB dongle.  You've been Hashing your dongle? you know you'll go blind doing that. |
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