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1  Bitcoin / Mining speculation / Re: seeking wisdom to make future predictions. on: January 10, 2014, 02:10:16 PM
Quote

Difficulty is re-calculated every 2016 blocks to give a new difficulty. That new difficulty is used from that point on and is calculated to allow a block to be solved every 600 seconds. It is a self adjusting mechanism but is only correct when it is calculated
so to be sure, if i add like 10MTH mining power ill be able to mine those 2016 blocks in no time? and as i read dificulty rising has its limits, it cant go lets say 10 times in one rise. how many % it can rise for next 2016 blocks?
2  Bitcoin / Mining speculation / seeking wisdom to make future predictions. on: January 05, 2014, 12:42:30 PM
yey. i think im posting in rite section =)

STILL WRITEING THIS THING..

since im not economy doctor i have problems sorting out some things, and even if i try to read, i need some1 to translate what i read to english.

first of all. ASICS is dead thing as i managed to calculate? in thegenesisblock calculator it says if i get ANY miner it wont payback its price. it leads manufacturers to make more powerfull miners, like 100TH (which, if u get on december, wont pay back either). so:

what hash power manufacturers will reach? as i understand its low possibility they will use something smaller than 28nm technologies, which as i saw was 500GH/s per chip. so will they make ASICS with 50 chips?.. (huge stuff..) so, they need something new, or they will stop at certain hash power. predictions?

what will happen if manufacturers quit making mashines? using all what ppl has now, dificulty lvl will increase lil slower than now?


difficulty.
it increases every 2016 blocks. and 1 block must be mined every 600 seconds.
are those 600 seconds final? and EVERY single block in those 2016 will take 600 seconds each to be mined?
if i add 1MTH/s to all mining power what will happen? ill get most of blocks but it will still take 600 sec to mine them?
maybe after new dificultie lvl is adjusted, it takes 600 seconds for 1st block, and rest is mined depending on hash power?


i know its kinda messy, but its much mucm more mixed in my head. hopefully with your answers ill be able to ask more acurate questions.
 
3  Other / Beginners & Help / Re: i mined 7 hashes, why i see 0.00BTC in my wallet? on: April 17, 2013, 04:00:01 PM
aand eligius after 15 mins gaved me long poll IO error..

GUIminer kas slush pool also. i add miners username, its pasword, and i getno JSON object could be decoded.  IO errors - 1, tolerance - 2

when i go read how to join slush, they say what is stratum

what is threshold?

what is namecoin?
4  Other / Beginners & Help / Re: i mined 7 hashes, why i see 0.00BTC in my wallet? on: April 17, 2013, 03:34:58 PM
I tried solo mining. my m8 just said that its pointles work doing it with regular pc.

since i have GUIminer i see big list of pools, wich of them is best to choose/easiest to use? i tried to read a little and found huge pile of dificult information. best way for one click mining?

(found out that eligius pool doesnt requaires any registration, just asks to ad my wallet number to GUIminer and thats it AS I UNDERSTOOD) 
5  Other / Beginners & Help / i mined 7 hashes, why i see 0.00BTC in my wallet? on: April 17, 2013, 02:17:36 PM
im using GUIminer 2012-12-03, mined 7 hashes but my bitcoin wallet shows me that i havent received any of it. i linked my guiminer with my wallet, as it says in tutorial. solo utilities -> set bitcoin client path. with my 12Mhash i get  a hash like every 10 minutes so far.
WHY I DONT SEE ANY MONEY IN MY WALLET? (bitcoin version v08.1 - beta)


IM TRYING TO USE SLUSH WITH GUIMINER. I REGISTERED IN ITS SITE ECT, GOT MINERS USERNAME WITH PSW. I USE IT AND IT DOESNT CONNECT.
TUTORIAL PAGE SAIS I NEED TO CONNECT MINER TO FOLOWING URL, http://api.bitcoin.cz:8332 (Main pool URL) or ipv6.stratum.bitcoin.cz:3333 (IPv6, only for Stratum miners) BUT THERE IS NO FIELD IN GUIMINER TO ADD IT. whats the problem?
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