How do I send bitcoins from my mining program(GUIminer) to my wallet

[grizzlynick]

It says I have a good amount of shares(they tell me on the bottom right side of the screen) but I don't know how much each share is worth, furthermore I have no Idea how to transfer the shares into cold hard bitcoins. on January 10 I am about to purchase a very powerful computer(will use for programs other then bitcoin) so I am confident in my ability to mine the damn things. I will be using 3 powerful graphics cards. Also i live at home with my folks so I don't have to make payments on my electricity. Please help! 

[1715081139]

1715081139

[1715081139]

1715081139

[Deafboy]

You cannot manipulate with your bicoins with guiminer. What pool are you connected to?

[grizzlynick]

https://www.bitcoinpool.com/

manipulate?

[grizzlynick]

u mean see how many bitcoins each share is worth?

[Blazr]

You need to login to your pool & request a payout, or check when your pool does payouts.

[grizzlynick]

o ok I see. so the pool itself does payouts. the pool uses guiminer to mine bitcoins for the group, and I have to wait till the groups pool pays them. thats simple enough.

[grizzlynick]

how do I know how much a bitcoin share is worth?

[greyhawk]

on January 10 I am about to purchase a very powerful computer(will use for programs other then bitcoin) so I am confident in my ability to mine the damn things. I will be using 3 powerful graphics cards.

You might wanna delay that buy. If the ASIC's indeed come out in the middle of January, GPU mining will be dead a few days later.

[Blazr]

how do I know how much a bitcoin share is worth?

For PPS its:
(1 / Current Difficulty) * (25*pool pay rate)

so if your pool pays out 95%, at current difficulty:

(1 / 2979637) * (25*0.95)=
0.00000797076 BTC/ share

The networks current difficulty can be found at http://bitcoindifficulty.com/

[grizzlynick]

on January 10 I am about to purchase a very powerful computer(will use for programs other then bitcoin) so I am confident in my ability to mine the damn things. I will be using 3 powerful graphics cards.

You might wanna delay that buy. If the ASIC's indeed come out in the middle of January, GPU mining will be dead a few days later.

well Ill definitely buy 2 cause of hard core gaming, but I was going to buy the 3rd because of bitcoin. Why not? what is ASIC? and why will mining be dead???

[DarkHyudrA]

Mining is not going to be dead, mining with GPU will be.
ASIC stands for "Application-specific integrated circuit", in other words, a unique-purpose chip.
Here in BitcoinTalk when you hear about ASIC it's about ASICs built that have it's puporse for mining.
Those ASICs mine faster, are cheaper and use less kW to do the job, that's why GPU mining will be dead.

[grizzlynick]

is it a chip that I can buy? like will it fit into my GPU outlet?

[Stephen Gornick]

is it a chip that I can buy? like will it fit into my GPU outlet?

More info:
 - http://en.bitcoin.it/wiki/Mining_hardware_comparison#ASICs

More opinions:
 - http://bitcointalk.org/index.php?board=81.0  <-- Mining speculation board.

[grizzlynick]

USB port!!! wow thats super easy! I see a bright future for botcoins now.

[grizzlynick]

So once my pool has allocated funds, how do I get it into my wallet?

[Unacceptable]

You must have created an account at your pool,so login & paste your address from your wallet,hit save or update & then look for the payout button.Coins should show up in your wallet.

I usually only transfer .1 btc to make sure I have MY wallet & not an incorrect addy,if it shows up in your wallet then send the rest of your btc