Back from a 3 month break.

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So i downloaded the latest version of bitcoin client and noticed their is no generate coins on it anymore.

So what am i missing?

I went back to my older version 3.20.2 that has the generate coins and all seems well, so am i missing something or am I good to get more btc

Thanks in advance.

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Hk
 

[1715567621]

1715567621

[1715567621]

1715567621

[jashan]

Welcome back ;-)

They've removed generating coins from the client because the implementation was CPU based and has become useless. Currently, serious mining is done with high-end GPUs. There's a couple of special purpose mining tools ... see https://en.bitcoin.it/wiki/Category:Miners (I think DiabloMiner, Phoenix and Poclbm are noteworthy ... but don't take my word for it, as I don't have that great a GPU ATM, I'm not mining much myself).

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Right i am using my ati 5670 to get around 56k hashes/sec so am i good to keep using the older version? Will it work with the current system version? Hate to solve another block just to get 0 btc cause my software is out of date

And thanks for the info.

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Hk
 

[kjj]

Your node software is fine.  But you will never generate a block with that card.  Best to join a pool.

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Your node software is fine.  But you will never generate a block with that card.  Best to join a pool.

Thanks for the info but already stated i am sitting at 100.6 btc thanks to this card 


Of course now i might not seeing any btc's seeing the block chain is larger but its all a lottery system now.

Hk

[jashan]

I have 20000khash/sec (20mhash/sec) ... and my understanding is that to really do mining you should have a few hundred MHash (I think 500 MHash/sec can be considered "nice"). As kjj mentioned - joining a pool makes sense for most people.

Personally, whenever I start mining (depends on when the next model of the Mac Pro becomes available ... I'm not gonna buy a computer just for mining), I'd join:

EcoCoin - Offset your carbon footprint! Profits buy trees and rainforest
http://forum.bitcoin.org/index.php?topic=14343.0

[kjj]

Your node software is fine.  But you will never generate a block with that card.  Best to join a pool.

Thanks for the info but already stated i am sitting at 100.6 btc thanks to this card 


Of course now i might not seeing any btc's seeing the block chain is larger but its all a lottery system now.

Hk

I didn't mean that your card was never capable of generating coins.  I'm saying that between now and the end of time, it is pretty unlikely that it will generate any more.

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Ya i understand its the nature of bitcoin to gain in complexity as the chain gets larger. To be honest i wasn't expecting to generate any coins, well maybe 50 in a year. The thing is i got lucky and generate 2 50btc under a week of each other


Again thanks all for the help/info its just i leave 1 pc on all the time to file serve and hate to waste the power 24/7 for nothing so its either SETI@home or Bitcoin, at least i can earn some $$ with bitcoin


Hk

[titeuf_87]

I thought that this was a cpu miner and that if you wanted to use your gpu to mine, you'd need to get a separate, capable miner?

[kjj]

I'd still just use a pool.  That way you will earn the actual value of the card for sure, which is probably more than what you would earn in the self generation lottery.