Bitcoin Forum
September 29, 2016, 10:05:41 PM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Stopping Bitcoin  (Read 1274 times)
Lexington
Newbie
*
Offline Offline

Activity: 20



View Profile WWW
October 24, 2010, 12:16:37 AM
 #1

Is there any loss of time or effort when you shut down coin generation?  Or, does it just pick up where you left off the next time that you start it?  Just curious.
1475186741
Hero Member
*
Offline Offline

Posts: 1475186741

View Profile Personal Message (Offline)

Ignore
1475186741
Reply with quote  #2

1475186741
Report to moderator
1475186741
Hero Member
*
Offline Offline

Posts: 1475186741

View Profile Personal Message (Offline)

Ignore
1475186741
Reply with quote  #2

1475186741
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1475186741
Hero Member
*
Offline Offline

Posts: 1475186741

View Profile Personal Message (Offline)

Ignore
1475186741
Reply with quote  #2

1475186741
Report to moderator
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2422


View Profile
October 24, 2010, 12:28:04 AM
 #2

There is no "progress", so there is no loss. For every hash that you calculate (you might calculate millions of these per second), there's a small chance of solving a block. Each hash is like an entry into a lottery. Each hash is independent of the others, so nothing needs to be saved.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
Lexington
Newbie
*
Offline Offline

Activity: 20



View Profile WWW
October 24, 2010, 02:59:03 AM
 #3

I see, thank you for the explination.

So the calulators that I see are just calculating odds then.  I take it you could solve a block in your first 5 minutes if you were lucky enough.  Or if unlucky then you might not solve one all month.
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2422


View Profile
October 24, 2010, 03:28:23 AM
 #4

So the calulators that I see are just calculating odds then.  I take it you could solve a block in your first 5 minutes if you were lucky enough.  Or if unlucky then you might not solve one all month.

That's right. The calculators look at the current odds per hash (this changes from time to time), and from that calculate the average number of hashes it takes to solve a block. Then you can figure out the average time to solve a block based on your hash rate.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
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!