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At the current bitcoin mining difficulty, you can hardly make any progress with CPU and GPU (even high-end ones).
However, you can mine those scrypt-based coins using GPU.
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Your are welcome.  |
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In other words, if I have Shares accepted and stop my miner for any reason, do I lose all of the shares I was working on?
No. But, different pools may have a different reward systems. https://bitcointalk.org/index.php?topic=104664.msg1146110#msg1146110Say, for PPS, when you submit your shares, the pool will credit you directly. And for PPLNS, the pool will distribute the block rewards among the last N shares. So, even if you have submitted shares, you may not be paid for those shares or you could be paid double or triple or more. |
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apparently you can charge a 3% fee and be the 2nd largest pool in the world
Now think of this: Essentially btcguild is getting 3% of the total hashrate for running the service so at 4,534 TH/s is ~136 TH. Throw that into any calculator without fixed costs as it's essentially "free" and realize running a successful pool is making someone very, very rich. Why is there no fixed costs? The pool operates need to maintain both the software and hardware, and need to deal with problems like DDoS. |
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I am not surprised at all.  |
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Stop exchanging Bitcoin for money and no money transmitter law will apply to Bitcoin...
But what if you buy stuff with BitCoin; will any laws apply to transactions like that? I am not sure that as long as BitCoin is not exchanged for money we are in the clear... What if I trade my melon for an apple pie? I hope I didn't break any money transmitter laws.... |
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The easiest way for you to mine is cloud mining. They run their own hardware for you but you pay for it. Check out my description to see how Nah...cex.io hashrate price is way to high and it is not profitable. |
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Don't pay for cloud mining. it's not profitable.
+1 You can check it yourself here. https://cex.io/calc |
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You are welcome. |
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What about altcoins?
I've been mining FedoraCoin (Tips) and the difficulty is always jumping from as low as 50 to as high as 200. And it does this seemingly randomly, why? And what is the underlying cause?
I just did a search for you and found the announcement thread of your coin. https://bitcointalk.org/index.php?topic=380466.0 Specifications:
Block Time: 60 Seconds
Difficulty Retarget Time: 10 minutes So, your coin will adjust the difficulty every 10 blocks (10min / 60s = 10). If the past 10 blocks were found in less than 10 minutes, the difficulty will up, and vice versa. |
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I appreciate the support! I received some donations from a couple members, and although I am trying to stay away from bitcoin to clear my head, I felt they needed to know how much I appreciate it! It shows the love throughout the forums between our members.
I was using my bitcoin profits to pay for college but I was unable to pay for this semester, and hopefully I can find work to continue school in the summer. So my focus will remain on that and off my losses. The bad part was that I was addicted to these forums and addicted to Bitcoin, so it isn't easy.
But thanks for all the support. Hopefully I'll "survive" through this and be back on the forums with you guys soon!
Good to hear that  |
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1) Lots of people don't pay electricity
2) Whilst faster machines *might* be more difficult to make in the future, and that's a very big *might*, people can always make lots more chips with current technology
3) Mining equipment is going to come out that is a lot more energy efficient than current gen.
If you learn one thing from technology, is that it never stands still. There are always innovations when there is money to be made and people competing for that money.
1. Somebody always pay electricity, it maybe included in your rent (ur still paying for it), or ur leeching off your parent/employer, but somebody always pays. There's no such thing as free electricity. I don't think people care about the electricity bills of their boss or their university. Yes, someone has to pay the bill, but as long as it is not the miner himself, he don't really care. |
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with a i5 you can mine with minerd ( a cpu miner ) at 35kH/s but it makes only sense with a brand new coin and a very low difficult
with E8600@4,33GHz (120w) ... i can mining at 4MH/s. with GTX280 (430w) = 80MH/s with USB block erupter (5w) = 333MH/s with BFL miner (42w) = 12000MH/s so ... you want mining for what ? that it's the real question. If you want help the network, ok. If you want to found a block ... no luck, don't try. Maybe OP can try his luck with some cpu-only coin. |
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it's a joke ? 1,7Ghz ... not gh/s  lol. Good morning everyone. Is there any application that allows me to mining with the maximum power taking advantage of all the cores of the phone? You want to do mining with cpu on a mobile phone? Forget it. |
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Mining is fun. Mining is needed to make this whole thing work.
But the assertion that "miners did better than buyers in them olden days", is a fallacy.
Exactly. |
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The rise in difficulty has anything to do with market capitalization?
No. My question is, what exactly determines this temporary rise in difficulty?
For bitcoin, difficulty adjusts itself every 2016 blocks. The bitcoin client compares the total time used in finding the past 2016 blocks with the expected time (2 weeks), and adjusts the difficulty accordingly. |
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What do the purple and skyblue lines stand for?
the purple Is my function of bitcoin price depending on bitcoin total addresses. I explicate it in the first post of the thread. the skyblue is the extrapolation of my function to the end of this year... I see. Thanks for the analysis. |
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i only want 1 software for solo-mining that it can understand asic, gpu or cpu mining strategy.
no, the -gen attribute is optional ... and must be indicate in the shortcut (ex: in windows desktop) to activate the mining process.
1 big (very big) problem is that process is not in the gui and it is not configurable (100% of the CPU when activate).
the request can view like this :
- in the gui, add a checkbox that it enable "mining"
- in the gui, add a slider to configure "mining" power (like 1s in 10s for 10%)
- in the gui, add a slider to configure a pause after this cycle like 1-5-10-30s after mining 10s
I guess the core devs won't add your suggested features at all. After all, we have quite a number of miner software now, and they are all doing great. |
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