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Author Topic: Solo mining - Do the coins automatically go in to your 'Wallet'?  (Read 5120 times)
underminer
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October 01, 2012, 01:16:55 AM
 #21

COME ON PHONE PAY MY RENT!  I do want to to know I shot Dr. Pepper out of my nose for that. lol

Keep your bitcoins my .02 are free.
AWESOMESAUCE
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October 01, 2012, 02:07:27 AM
 #22

Doesn't there have to be a confirmation time first?
BookLover
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October 01, 2012, 01:10:18 PM
 #23

Doesn't there have to be a confirmation time first?
They appear in your wallet 2 blocks after you mine them, however they are greyed out and unusable until the block has 120 confirmations. 

Hope this answers your question. Cool


Unusable as in miners won't include them in the next block if you try to send them.  (Bitcoin-QT won't even let you try to send them until it has had 120 confirmations).

Fjordbit
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October 01, 2012, 05:44:02 PM
 #24

However, it's not immediate. You need to have 100 confirmations after you mine a block before the network recognizes that you own the coins, so it's going to take about 16 hours 40 minutes to show up.

What Fjordbit said is correct, except it is 120 confirmations, not 100, meaning they mature ("show up") about 20 hours after having mined them.

(I am a solo miner.)


It seems that's a client thing. The network recognizes them in 100.

https://en.bitcoin.it/wiki/Protocol_rules

For each input, if the referenced output transaction is coinbase (i.e. only 1 input, with hash=0, n=-1), it must have at least COINBASE_MATURITY (100) confirmations; else reject this transaction

Many pools pay out in 100.
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October 01, 2012, 06:30:22 PM
 #25

To clarify: Do they appear in your wallet as soon are they are mined?

They do go to your wallet, assuming you put an address in that wallet in that block. For example, look at the first transaction in
http://blockexplorer.com/block/00000000000000a4d73468e752d7eb54ac8de5c131188361a811676ecbd67228
and you'll see it specified an address as the destination for the generation of the block.

I found three different types of transactions where the input is of type "Generation". One transaction 9051c863c3508efc7a1a02e135215a6bd05477da78b94ded7787b3b4987d8e9d of type with "Pubkey" for the output, one transaction a72a84585ff4984f0b730948872d7c1ca74f034dac42751101574cc38d879ef6 of type with "Address" for the output and one transaction ca0df1b9f2ee64eb1a5fe4588accafb50290d60a8db9b481004747c54e820400 of type with "Strange" for the output (the last is from testnet because I didn't found this on prodnet).

What does it mean and from where comes the output setting? I found not much information here: https://en.bitcoin.it/wiki/Transactions#Generation

iamthehat
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October 01, 2012, 08:54:54 PM
 #26

ive been looking into bitcoin mining for a while now - and i consider myself to be fairly smart - but, damn, it is a lot to take in!
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October 01, 2012, 09:05:01 PM
 #27

You are good there then although solo mining BTC is pretty much an iffy proposition with the diff being so high, you may want to give LTC or PPC a try those are lower rate chains where you have good chance to get a block within reasonable amount of time then you could trade them for BTC.

I actually have my two least capable miners pointed at solo mining. One is solo mining LTC and the other is solo mining BTC. I figure since it's pretty much a long shot for me anyway until my first 5870 arrives either Monday or Tuesday I might as well put my two most useless miners (my cell phone is doing solo LTC at about 8 hashes per second (LOL) and I have the cpu on one of my computers soloing BTC at about 50 KH/s (again, LOL)).

Maybe not today, maybe not tomorrow, BUT some day at least one of those two miners will get lucky...

Then I have the rest of my miners pointed at OzCoin with liecoinpool.org as my failover...

Heh, good luck with that.
I tried solomining with CPU (3MH/s) for a week, no luck at all. Smiley

LOL, thanks...

I forgot to mention the CPU died after that week.  Sad

Well you were unlucky

Thousands of people all around the worlds keep their CPU at 100% with distributed computing projects and CPUs have no problems at all.  Wink

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October 08, 2012, 06:09:51 AM
 #28

good to know!
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