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1241  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 23, 2013, 03:27:30 AM
It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.

So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one?

How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found?

-noob.


When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing.

The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block.

Ah, so there is only one active (known) block at a time that all miners are working to solve. Once that is solved, the answer leads to the next block? Also I was a bit thrown on the block vs round. I checked the wiki but will do some more looking.

Sorry if my questions are elementary, I am fairly new and I must say it is quite a lot to grasp. Thank you for taking the time out of your day.
1242  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 23, 2013, 02:48:44 AM
It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.

So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one?

How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found?

-noob.
1243  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 22, 2013, 07:40:38 PM
Dang, two 11+ hour blocks in 24 hours. Lost power on the last one and almost all credit for it. Hopefully we get some better luck tomorrow :]
1244  Bitcoin / Development & Technical Discussion / Any point running Bitcoin-Qt on multiple computers within the same network? on: November 21, 2013, 11:03:42 PM
I have a small network of 6 computers, 3 of which are used regularly. Will it be of any real use to run it on the other 3 idle machines within the same local network? How much impact does running this client have on the overall network? What bandwidth impact will it have?

Thanks for reading.

1245  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 21, 2013, 03:13:48 AM
Come on luck! BTC
1246  Other / Beginners & Help / Re: Alt-Coins on: November 20, 2013, 09:45:56 PM
I really don't understand the need for so many alt-coins. What purpose could they possibly server that bitcoin is not doing atm? I have often wondered about them but just focus on BTC.
1247  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 20, 2013, 06:55:58 PM

Anyone else have this happen last night?

20897   2013-11-20 09:54:33   5:22:16   1460565877   8538   0.00000000   270588   25.26233632    39 confirmations left

20897    2013-11-20 09:54:33 5:22:16    1460565877    39573 0.00062935    270588    25.26233632    36 confirmations left

Do invalid shares almost always happen late at night when no one is watching?  I see 20896 is invalid, would have been a little after 11:30 PM EST I think.  Perhaps it's me.  I tried a glitchy USB BE before bed and gave up when it came up with half second flashes of the LED.



I noticed that last night also, block was not found.

1248  Other / CPU/GPU Bitcoin mining hardware / Builds with stand alone chips? on: November 20, 2013, 08:51:23 AM
I am still quite new and have seen just chips for sale. I am curious to see what people have done with them. I wouldn't know where to begin but what could one do with 5 or more ASIC chips on their own? Hell even one for that matter. Huh I do lurk a bit, but not enough to see anything custom built.

Thanks for reading.
1249  Other / Beginners & Help / Greetings! on: August 21, 2013, 02:35:47 AM
Hello! I am new to the world of Bitcoin and find it all very exciting. I have been doing some reading and researching and I must say a lot of the concept is a bit over my head. However I did decide to become a part of it, no matter how small in reality it really is. I purchased two USB ASICMiner Block Erupters (gasp) and have started mining for fun and to get a little hands on. I know I won't make my money back, but hey, it is about the experience after all, isn't it? Anyway I just want to introduce myself a bit and say why I am here. I am looking forward to learning more and seeing what all I can get my head around. Figured I would also throw a question out since it is my first post: Do any of you experienced, shall I say high end miners think people like me are hurting mining, helping or having little effect? 

Thanks for reading.
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