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I heard that the chance to generate a block is like playing a lottery, like the odds are 1 in 8,000,000. Is this true?
Sort of. For pooled mining, 300MH/s means you're checking 300,000,000 hashes every second to find a valid share, and should get about 4 - 4.5 shares a minute. A share is anything with a difficulty >= 1. If the share's difficulty is over 4.85 million (the current difficulty), then it's a successful block. For solo mining, we don't care about diff=1 shares. All we care about are the diff>4.85million, or the block solvers. And yes, a diff=4.85million share will pop up about once for every 4.85million diff=1 shares. So as far as the lottery analogy is concerned, it's more like 1 in 4,850,000, but that lottery happens 4-5 times a second, not once per day like the PowerBall. 4-5 times a second means 84500 (seconds in a day) times 3 which is 338000 and 4,850,000 divided by 338000 is 14, so that's a 1/14 chance a day. So basically 1 block every couple weeks. But somethin' tells me it's a lil harder than that. What do you guys think about this? |
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thanks
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I guess a good tip I have is that if you don't want to have to manually configure your miner it's easy as pie to just download the, "Miner tool" stick it in the miner folder, run it, and log in. I had trouble with .conf files and all that jazz. Great info for noobs who may not be technically efficient enough to go through same trouble.
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Thanks
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about any alt currencies I could mine with a CPU only? Thanks
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anybody out there who is at level 2 verification know the answer?
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Does that verification form require utility bill statements and shit?
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Do I need to verify my account at coinbase to sell bitcoins and if so, how much verification do I need/require? Thanks for your answers.
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I think I've given up on the loan
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If you type in the latitude/longitude coordinates from the IP address in google maps it appears the IP is in the middle a highway. Wtf?
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Haha i'm just kiddin' guys, I'm obviously not gonna blow someone else's money on slot machines and expect to make a profit.
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Perhaps you could enlighten/intice us with a brief plan on what exactly you need the $20 loin (sic) for, and how you'd go about generating a profit with it.
Slot machines |
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Equal collateral? you mean pay back 40?
I said 25% payback, that means essentially 25% profit, the investment PLUS 25%, get it?
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Alright well thanks for bein' nice about it guys.
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Hi everyone, I require a 20 dollar loin. That's 0.20 bitcoins approx I think. I can give you a 25% payback rate. I know that trust is a factor in this, but it's only 20 bucks. And you'll get back five free dollars before you know it. I'm not extremely experienced on this board only been around a couple weeks or so so know it may be alot to ask for a loan on here. But if anybody out there can do it I would appreciate it alot. I remember readin' other posts where people got loans and paid back without theft so maybe this can work for me. Thanks. Please don't call me a scammer 'cause I'm not, even though I'm aware there's alotta scams on the internet these days.
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