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Author Topic: just started, mining pool question  (Read 931 times)
Jane
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June 06, 2011, 08:19:42 AM
 #1

Hello bitcoins Cheesy
was tinkering yesterday and now bitcoin is running.
I get ~5800 khash/s (7 CPUs used) in bitcoin software and ~117000 khash/s from my gtx480(777Mhz) with poclbm -v -w 256
So i let it run over night and nothing happened yet  Embarrassed
So when i join a pool will the time be lost or how does this work?

Waiting for my first bitcoin  Smiley

1QHbuKLYZtEo2y2GDPYZN8mHfhVNs8ZQnd

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KJaneway
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June 06, 2011, 08:29:44 AM
 #2

With this MHash/ sec Power you will wait months (in average nearly 200 days) for your first solved Block (which means 50 coins).

I would join a pool like BTC-Guild. There you get every day small amounts of Bitcoins (with your current Setup arpount 0.25Coins per Day)
Here is a nice Calculator: http://www.alloscomp.com/bitcoin/calculator.php

Beside that: Stop mining with that sort of hardware. The energy costs are currently higher than the amount of created bitcoin value. Bettter start with a Graphiccard from the AMD Radeon HD58XX Series.

If you like my advise, i would be thankful getting a small donation at:
1Hvpgt5U6EgrWX1WpA25W6mRoH1Ltr8ydm
Jane
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June 06, 2011, 09:11:50 AM
 #3

With this MHash/ sec Power you will wait months (in Averace nearly 200 days) for your first solved Block (which means 50 coins).

I would join a pool like BTC-Guild. There you get every day small amounts of Bitcoins (with your current Setup arpount 0.25Coins per Day)
Here is a nice Calculator: http://www.alloscomp.com/bitcoin/calculator.php

Beside that: Stop mining with that sort of hardware. The energy costs are currently higher than the amount of created bitcoin value. Bettter start with a Graphiccard from the AMD Radeon HD58XX Series.

Thank you for your response , i joined a pool now.
deti
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June 06, 2011, 10:18:35 AM
 #4

Does someone know a mining pool that shares also the fees from a new block? All pools I found take 0-X% fee plus the fees of the newly generated bock. For me it feels more fair to divide all the 50 BTC + the fees by the shares and take a fix percentage from that. I know fees aren't much at this time, but anyway. Does someone know a pool like this? Link please! Smiley

Thanks!

Sukrim
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June 06, 2011, 10:22:28 AM
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Currently _all_ pools I know of take the transaction fees for themselves.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
KJaneway
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June 06, 2011, 10:27:38 AM
 #6

Choose a Pool with no Fees. Taking in mind, that Servers cost also money, i think that the transaction fees are a very small compensation for these costs.

If you like my advise, i would be thankful getting a small donation at:
1Hvpgt5U6EgrWX1WpA25W6mRoH1Ltr8ydm
BookLover
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June 06, 2011, 11:03:29 PM
 #7

I would to start mining in a pool but I only want to do it if it is anonymous.  How do I set up guiminer to run through tor?  I heard that it requires a second program but I don't know what it is, where to get it or how to configure it.   Huh

Thanks for any information you could give me! Smiley

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