No Shares When Mining

[appleannie]

Hi,
I have been mining all day. I have retrieved no shares I do not know what I am doing wrong. I have tried and tried. My speed is a steady 93 khash/s. Is this good or bad? I have only CPU on my computer. I think I should upgrade soon. I was not able to upload my screen shots for some reason. I took some so it might be easier to answer. I hope someone can still help.
Thanks

[DannyHamilton]

CPU mining will not be profitable.  You are welcome to do it if you want to feel like you are contributing to the distributed nature of bitcoin, but since a single share has about 4.295 billion hashes, it will take you about 12 hours 49 minutes, and 43 seconds to mine a single share at 93 khash/s.

[Gabi]

You aren't doing anything wrong, but cpu mining is wasted time and energy. 93khash/s? Lol it's nothing. My 6950 does like 300mhash/s. 1 mhash=1000khash....

Btw, why are you mining? Mining is not a get rich quick scheme

[appleannie]

I am just mining for a little extra $. I don't expect to get rich, especially not quickly-from anything. I am currently installing a different mining program. I get bored easy. I have nothing to do and am always looking for something new to learn.
Thanks.

[Lethn]

GPU mining is better but I think that it's becoming obsolete now for profit taking at least, soon enough I suspect only people mining for fun will get anything out of Bitcoin mining because of the ASIC's that are supposed to be coming out but maybe that's for the best because then it will be used more as a currency.

If you're new don't mine bitcoins under the assumption you'll get a lot if you put enough computing power into it.

[DannyHamilton]

I am just mining for a little extra $. I don't expect to get rich, especially not quickly-from anything. I am currently installing a different mining program. I get bored easy. I have nothing to do and am always looking for something new to learn.
Thanks.

When you say "a little extra $", you really mean it.

I don't know much about the mining pools, but I thought that I saw recently that DeepBit pays about 0.00001336 per share?  If that is true and you were mining with the DeepBit pool, it seems that your shares might get you about 0.009 BTC per year. That means if you leave your CPU mining 24 hours a day every day for an entire year, at today's exchange rate you just might manage to mine about  $0.10 worth of bitcoin!

And that assumes that the amount paid per share doesn't drop at all for the entire year.  I would assume that they would pay less per share if the difficulty increases.

[zxyzxy]

so people will not "get a lot" if they put a rig with 1500GH/s ?

[tbcoin]

I am just mining for a little extra $. I don't expect to get rich, especially not quickly-from anything. I am currently installing a different mining program. I get bored easy. I have nothing to do and am always looking for something new to learn.
Thanks.

When you say "a little extra $", you really mean it.

I don't know much about the mining pools, but I thought that I saw recently that DeepBit pays about 0.00001336 per share?  If that is true and you were mining with the DeepBit pool, it seems that your shares might get you about 0.009 BTC per year. That means if you leave your CPU mining 24 hours a day every day for an entire year, at today's exchange rate you just might manage to mine about  $0.10 worth of bitcoin!

And that assumes that the amount paid per share doesn't drop at all for the entire year.  I would assume that they would pay less per share if the difficulty increases.

+1

[odolvlobo]

Hi,
I have been mining all day. I have retrieved no shares I do not know what I am doing wrong. I have tried and tried. My speed is a steady 93 khash/s. Is this good or bad? I have only CPU on my computer. I think I should upgrade soon. I was not able to upload my screen shots for some reason. I took some so it might be easier to answer. I hope someone can still help.
Thanks

Someone else posted about this and the answer was that the hash rate is so low that he was unable to generate enough hashes to earn a single share.

93 kh/s is extremely low. You must be mining on a netbook or some equally low-powered machine. Check out this thread for comparison: https://bitcointalk.org/index.php?topic=1628.0