Mining coins when do I get my first one?

[datguys]

I'm using an alt coin, this is what it says:


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How do I work it out when I get my first coin? It has 120 coins per block

[matt4054]

You are mining on a pool right?

The pool will split the block reward among miners according to a payout scheme, generally more or less proportionally to the work that each miner is accomplishing on the pool.

[Tommyhurley]

nice!

[the joint]

If you pay for electricity, then based upon your hashrate you're probably mining at a loss.  To give you some idea, 1 mhash/s will currently get you about 0.31 litecoins daily.  Your mining at about 1/222 that speed.

At current difficulty, this means it would take you nearly two years to mine a single litecoin.

[CoinsLover]

You are given coins when the pool mines a block and after certain confirmations are met on the block set by the pool.
The amount of coins depend on the amount of shares you have contributed.

Just look for statistics in the pool's homepage you are using.

Check when was the last block mined and how many confirmations it has left.
Check how many confirmations are required for payout.
Check the auto payout settings in your pool account.

Some pools also show how many unconfirmed/confirmed coins you have mined in the statistics page.

[Piedo_Bear]

You have an incredibly low hash rate, it is unlikely to be profitable. GPU mining on alt coins is a lot faster.

If you are solo mining it will take a lot longer to find a block, however if you mine in a pool then you will be rewarded for the contribution of work you put in. In either case you may never get a full coin at such a lot hash rate

[DodoB]

You are probably mining with a CPU. start with GPUminer and mine with a pool.