Bitcoin Forum
February 22, 2017, 01:42:55 AM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Confused Newbie...  (Read 730 times)
NDL
Newbie
*
Offline Offline

Activity: 2


View Profile
June 07, 2011, 02:29:47 PM
 #1

Lost and not even sure of proper search terms...

Cliff's notes - I think I'm getting the hang of the concept.  I have puddingpop's cpu miner working for slush's pool.  It's running @ 1.5 mhash per second when idle.  I know that's not much but it's about double what this guy running the client on his playstation was bragging about in Dragon's Tale.  What does Confirmed Rewards 4.4e-07 BTC mean?  I'm pretty sure that all but BTC = something akin to silt in a gold mining situation and it all has to be processed/sifted through to glean the rewards.

Firstly it took me a few days to get my computer up to it's best performance/speed and get the hang of using a miner.  It's just a laptop with 2ghz of cpu maximum.  I can't use the gpu(b4 anybody tells me to) as it's intel.  I'm just happy to have gone from a few hundred khash per second to 1.5mhash per second on average when idle.  B4 anyone says anything about heat - I put it on a milk crate when idle and it doesn't get as hot as when I use an app that's really taxing.  Was thinking that attaching old desktop fans to the crate would be good for the health of my laptop in general.(whether or not I keep trying with mining)

As best I can figure it out I'm in a pooled lotto.  Like any lotto I'm more likely to lose than win, but with the pool it kind of manipulates the odds.  Simplified it's like having a buy-in to a poker tournament where you own a piece of several other players while they own a piece of you, so instead of having say 1 in 1k chances of winning something you have more like 250 in 1k chance of winning something.(well I haven't the exact #'s for mining but this is how I'm making heads or tails of the whole thing)

Another analogy that seems to be helping is that everything I see from Mhash to blocks is like the silt from mining for precious gold.  It's once in a blue moon that you find a nugget but you have to sift through the dirt, sand, and gravel to find the treasure.

I think I have the gist.  And that if all goes well there will be tangible reward(even if small) for minimal effort.

Here's where I'm lost @ the moment: on sludge's site it says I have 4.4e-07 BTC confirmed.  4.4 looks straightforward enough but what does e-07 mean?  Also does it negate the 4.4 in some way?  I'm not sweating the transaction aspect because while trying to figure out how all this works(still trying btw) I tried Dragon's Tale when the faucet was dry.(still haven't requested from the faucet tho)  I transferred 0.01 out of Dragon's Tale with plans to send it back to the game once I understood a bit more, but now the game isn't working @ my end.  A guy in there was bragging about a few hundred khash per second, idk why.  Point is it took a really long time for the transaction to complete and show up in the client.  I just thought you should know that this isn't a "WHERE'S MY 4.4BTC!? JERK!" kind of post.  That it's not about worry, just confusion.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1487727775
Hero Member
*
Offline Offline

Posts: 1487727775

View Profile Personal Message (Offline)

Ignore
1487727775
Reply with quote  #2

1487727775
Report to moderator
1487727775
Hero Member
*
Offline Offline

Posts: 1487727775

View Profile Personal Message (Offline)

Ignore
1487727775
Reply with quote  #2

1487727775
Report to moderator
1487727775
Hero Member
*
Offline Offline

Posts: 1487727775

View Profile Personal Message (Offline)

Ignore
1487727775
Reply with quote  #2

1487727775
Report to moderator
mmdough
Member
**
Offline Offline

Activity: 70


WAAAAAHK waahk waahk waahk.


View Profile
June 07, 2011, 02:36:54 PM
 #2

e-07 is usually shorthand for x10^-7. So 4.4e-07 would be 0.00000044 BTC.

Alms for apostles: Ds9yPrqaHhRKvN8jcWmam6NN7EiTqAGsk
zamarok
Newbie
*
Offline Offline

Activity: 15


View Profile
June 07, 2011, 02:38:36 PM
 #3

e-07 is notation to denote an exponent. In actuality, you have 0.00000044 bitcoins. Notice how your 4.4 was shifted backwards 7 places.
NDL
Newbie
*
Offline Offline

Activity: 2


View Profile
June 07, 2011, 02:39:51 PM
 #4

TY.  I figured there had to be less than what appeared @ a glance based on the setups of others.  I just didn't get how or what was going on.

0.00295243 BTC unconfirmed but it's reading .003 unconfirmed inside the miner...so still confused.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!