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Author Topic: Since 20th April my coins is generating MUCH more slowly, WHY?  (Read 2245 times)
kosovito
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May 03, 2010, 01:33:10 AM
 #1

Why???

Before, every day i generated coins, now may be stay a few days without any coin.

Why??

Nothing changed in my computer

Please sir, give me any coin Smiley  135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S
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theymos
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May 03, 2010, 03:23:19 AM
 #2

Difficulty increased by a lot.

Quote
GetNextWorkRequired RETARGET
nTargetTimespan = 1209600    nActualTimespan = 825067
Before: 1c20bca7  0000000020bca700000000000000000000000000000000000000000000000000
After:  1c16546f  0000000016546f575ab277f44c118de5ab277f44c118de5ab277f44c118de5ab

The target decreased by 31.79%, so you should be generating 31.79% fewer BitCoins.

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Beliathon
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May 16, 2014, 01:22:38 PM
 #3

Why???

Before, every day i generated coins, now may be stay a few days without any coin.

Why??

Nothing changed in my computer
I hope you kept those coins you were mining. Funny to see people were complaining about this as early as 2010... Don't think about that too hard, you might have a realization.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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May 16, 2014, 01:54:00 PM
 #4

This is an example of an uneducated miner.  No offense, but I hope you didn't spend too much.  You do know the block reward halves occasionally too right?  Unfortunately I bet there are a lot of people like the OP.
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May 17, 2014, 09:31:21 PM
 #5

Was that necro really necessary?

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May 17, 2014, 10:07:40 PM
 #6

Before, every day i generated coins, now may be stay a few days without any coin.

use tool, bro ... https://bitcoinwisdom.com/bitcoin/difficulty



















Ah, crap !

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May 17, 2014, 10:08:37 PM
 #7

Was that necro really necessary?

Good call! I didn't catch it tell you mentioned it, albeit I was going to comment the other day.

I'm sure there's a very good reason why the user opted to bump this aged-like-good-wine thread.  Wink <--kuddos to said user.

Davis14
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May 18, 2014, 01:23:07 AM
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This is why mining will become useless within a few years the price for equipment will be too much.

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Unluckyduck
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May 18, 2014, 01:53:03 AM
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This is why mining will become useless within a few years the price for equipment will be too much.
The market will adjust as necessary and mining will never be useless cause it keeps the network alive.
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May 18, 2014, 01:58:34 AM
 #10

This is why mining will become useless within a few years the price for equipment will be too much.
The market will adjust as necessary and mining will never be useless cause it keeps the network alive.

And even then when the market eventually approaches saturation (you'll never keep getting the same efficiency increases) the difficulty will retarget accordingly to maintain the ~ 10 minutes between each block. Hence your difficulty will eventually slow down in its increases and may even fall. There is also always an incentive to mine - even when coin generation stops they will (hopefully) be paid in enough fees to have a reasonably large network.
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