On Deepbit.net's main page it says "Bitcoin mining allows you to make money with your computer (even when you are AFK)".

What does "AFK" mean?
Sam

Thanks,
Sam

When BTC are transferred into my account in my Bitcoin client/wallet, do the confirmations just continually increment indefinitely?  Or does that eventually stop?
Thanks,
Sam

You just had to say it, didn't you?

So when you send Coin do you always get prompted to pay the fee?  I see in the client where I can set a fee as a default, but that seems to be less than desirable.  Some transactions I would want expedited and some can wait.  So I wouldn't want to pay a fee on every transaction I create.  I guess if I were selling a good or service I could require my customer to pay a fee, but how would I know that he did?

I guess this is a little off topic, but good info.
Thanks,
Sam

Mining to get allot of BitCoin may be a shortish term thing.  But having BitCoin and keeping it, as an investment, is a long term thing, provided that it does get adopted and increases in value.

Also we are no where near the 21 Million mark.  10.5 Million is supposed to be generated in the first 4 year's, and I believe we are in the 2nd year.
Sam

Are you sure?  That would seem a disincentive to have quick transactions if only the person giving up his Coin has the opportunity to pay the fee?  How then would anyone make money generating blocks for transaction fee's if the person paying has to pay them so the receiver can receive them in a more timely manner?  That would seem to me to be a flaw in the logic.  I do wait till the last minute to pay my taxes.
Sam

With governments/politicians spending money like drunken sailors which keeps weakening current currencies, BTC is a unique solution to that problem with a cap to how much currency can exist.

I think of it as a investment for the future.  It may not pay off for us, but will, possibly, for our posterity.
My 0.02 BTC worth,
Sam

You can elect to pay a transaction fee if you really want faster transactions/confirmations, right?
Sam

Hi,
I am Sam.

What's a "PMs"?

swusc2 and others,
Are you mining for profit at the current value of BTC?  The price is very volatile so it is hard to calculate your actual profit margin, unless you are selling your Bitcoin immediately and adjusting your mining process according to that value.

I'm taking  more of a long term approach.  If Bitcoin is here to stay then down the road the value will be much more than it is now and may be the only currency of value in the future, since it has a quantitiy cap.

Especially the way current governments are going willy nilly spending their/our national currency as fast as it can be printed which inflates the cost's of all goods and services.

So I'm not too concerned with cost of mining, at this point, as I see it as a long term investment.  Right now I just tinkering with the different miners and pools and will eventually settle on a system(s) that have a higher hash rate, provided I decide to pursue this.
Again my 2 cents worth,
Sam

I don't disagree with your points about solo vs. pools and CPU vs. GPU.

I just think a person should be allowed to make that decision for themselves as opposed to the capability being taken out of the bitcoin client without documentation saying so.  Also I like tinkering around with different configurations and what not.  At the moment I don't have a machine with a GPU so I can't do any high end mining.

I do have a firewall (ASG) machine running full time and thought it would be a good candidate to put a mining program on it just to what would happen over time.

Just kicking ideas around.
Sam

torusJKL,
I understand that.  But still the machine should not go into sleep mode when running the miner program.

I don't think it's temp related since the miner was only running for a few minutes.  But the machine itself had been on all day.  I did download Speedfan though to monitor temp the next time I give it a try.

At this point in time I have no machines with GPU's so CPU miners is all I have to work with until my card comes in.

Thanks,
Sam

I have had a problem with my wife's laptop, a Thinkpad x61, when doing CPU Pool mining.  It goes into sleep mode.  I bring it out of sleep and it goes immediately back in.  It will do this 2 or 3 times before it will come out of sleep mode and stay there.  I asked her if this has happened with regular use and it doesn't.

I'm using Ufasoft CPU miner.
Thinkpad X61
Windoze XP $P3

I thought she had gotten a virus on it, but it comes up clean with scans by F-Prot, MRT and Malwarebytes.

Anyone else had this problem?
Thanks,
Sam

icolsuineg,
I understand the ramifications of solo mining.  It may be unlikely that it may bear any serious fruit.  But there is a certain amount of randomness as to who will solve the puzzle.

My thoughts are that if you have a machine running full time anyway why not solo mine on it as well?  It would seem to me that consistency could be as important as TH/s.  I would hesitate to say that it's useless.

That said I'm not very happy with the removal of coin generation from the 0.3.22 client with no notice of it on the web site nor the readme file.  I think removing that ability removes people that have limited technical aptitude from being involved with BitCoin and will slow down it's acceptance.

My 0.02 BTC worth ,
Thanks for the input though,
Sam

Really?  That would be nice to have in the readme file or wiki.  Thanks for the info.  Can both, the server and the miner be run on the same machine?

Something more to tinker with when my GPU comes in.
Thanks,
Sam

Saw a post earlier today and the person said

"Heh, maybe I should consider solo mining."

Is there a solo mining program that uses a GPU?  The only two I have found so far only do CPU mining.
Thanks,
Sam