Don't understand____Mining ~20 hours .17 bitcoin?

[underminer]

So I am new here but .17 unconfirmed bitcoins seems a bit low for my 3000 mhash or so.  I was making .5 coin per day @bitclockers and they eat 25% of profits.  Shouldn't I see better return?  Could somebody break down for me the dashboard menu items here, I'm just not getting how it works out unfortunately...

SHOW ME THE MONEY lol

[thirdlight]

Which pool?

[underminer]

um....


slush's pool.

[almwaysa]

Maybe bad luck?
I am in eclipse MC and I get around 0.25/day for around 1GH/s

[Monkey1]

Difficulty has dramatically increased over the last few weeks.

[nebulus]

The harder you work the better the pay off.

[underminer]

Well really though the jury is still out.  But I was earning .5 coin per day at bitclockers which takes a huge bite, I really should see similar numbers if think at least.  Not poorer here.

[fcmatt]

Well really though the jury is still out.  But I was earning .5 coin per day at bitclockers which takes a huge bite, I really should see similar numbers if think at least.  Not poorer here.

Just pick a pps pool like btcguild.com if you want predictable results.

[underminer]

That's just weird coming from a hero member on here.  I had assumed people here, mine here....

[fcmatt]

That's just weird coming from a hero member on here.  I had assumed people here, mine here....

Mine here? I am not sure what you mean. I use btcguild or deepbit.net myself for mining.

[legolouman]

So I am new here but .17 unconfirmed bitcoins seems a bit low for my 3000 mhash or so.  I was making .5 coin per day @bitclockers and they eat 25% of profits.  Shouldn't I see better return?  Could somebody break down for me the dashboard menu items here, I'm just not getting how it works out unfortunately...

SHOW ME THE MONEY lol

Slush's payment method is probably why. Shares decrease in value very quickly. Switch to something PPS.

[underminer]

Well there's this guy who's handle is "slush" I believe this is his forum.  He also runs the oldest pooled bitcoin mining pool according to his website.  When I say mine "here" that's what i mean.  I guess its culture shock.  Apparently this forum is WAY popular with all sorts of miners unaware of slush's pool?  (The second drop down option in guiminer mind you.)

Anyways.

Point me somewhere if you will and I will give them a try.  I just switched everything over "here" (apparently I shouldn't say that though) so I plan on mining for at least several days to see the results.  This is mainly a hobby for me so loss of income isn't going to make me upset over such a short period, I just want to be close the mining calculators estimate of ~coin/day if I can be!

[legolouman]

Well there's this guy who's handle is "slush" I believe this is his forum.  He also runs the oldest pooled bitcoin mining pool according to his website.  When I say mine "here" that's what i mean.  I guess its culture shock.  Apparently this forum is WAY popular with all sorts of miners unaware of slush's pool?  (The second drop down option in guiminer mind you.)

Anyways.

Point me somewhere if you will and I will give them a try.  I just switched everything over "here" (apparently I shouldn't say that though) so I plan on mining for at least several days to see the results.  This is mainly a hobby for me so loss of income isn't going to make me upset over such a short period, I just want to be close the mining calculators estimate of ~coin/day if I can be!

Slush has one of the oldest pools, and a lot of people use his pool. I even used Slush's pool for a while, but I didn't like the variance.

Using 'here' to reference Slush's pool isn't a good idea, simply because of the diversity. There are so many pools, and this isn't Slush's forum.

I don't normally condone deepbit, but you should try there. http://deepbit.net/

[puck2]

The  Bitcoin mining profitability calculator  http://bitcoinx.com/profit/ is useful.

[thirdlight]

Have a look at the pools list on this forum. It, er, lists pools.

[Fjordbit]

You should have way more than that, more like .96 btc. Are you looking at total reward or confirmed reward? You will only have a confirmed reward if 100 blocks have confirmed it, which means over 20 hours, only 3.33 hours would be confirmed.

Looking at it, 3.33/20 * .96 = 0.16, so I'm almost sure you're only looking at confirmed.

[claire]

I don't get it. For all that work, isn't it more profitable to go and get a job somewhere?

[fcmatt]

I don't get it. For all that work, isn't it more profitable to go and get a job somewhere?

soon, running gpus to mine bitcoin will produce less then checking trash cans for soda/pop cans to return for the deposit :-|

[underminer]

Thank you two for that, those were by far the most useless comments yet.  And I had almost decided I liked you Claire.

I work fulltime as a manager and I have my own PC related business, which I run after hours, but I also try to keep my open for opportunities elsewhere.

I have noticed that my hash rate fluctuates, for several hours it read 3000 as it did at bitclockers, but now reads 1300, it has been as low as 600.  I dont see a huge amount of stale shares either.  I also come to the conclusion it should be closer to .96 coin/day.

I will take a screenshot of my dashboard in a few hours.

[BitcoinINV]

Yes you should be banking a coin a day easy with that hash power, are you using gui miner? What do all the cards read by themselves? Does the one hooked up to the monitor hash more?