Bitcoin Forum
November 20, 2017, 12:46:30 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Yet Another Newbie Question: Regarding getting bitcoins  (Read 1824 times)
Arxan
Newbie
*
Offline Offline

Activity: 11


View Profile
June 30, 2011, 02:27:37 AM
 #21

...
Holy crap 50 Bitcoins is like $800 bucks right?  So how do they get solved, is it like trial and error?  So theoretically I could get one after a few minutes mining?  (if I'm lucky)

Yeah, brute-forcing a hash calculation by adding a nonce value and hoping the hash meets the appropriate conditions, if I understand correctly.  If you are that lucky, you should buy some lottery tickets!
1511138790
Hero Member
*
Offline Offline

Posts: 1511138790

View Profile Personal Message (Offline)

Ignore
1511138790
Reply with quote  #2

1511138790
Report to moderator
1511138790
Hero Member
*
Offline Offline

Posts: 1511138790

View Profile Personal Message (Offline)

Ignore
1511138790
Reply with quote  #2

1511138790
Report to moderator
1511138790
Hero Member
*
Offline Offline

Posts: 1511138790

View Profile Personal Message (Offline)

Ignore
1511138790
Reply with quote  #2

1511138790
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
mizike29
Full Member
***
Offline Offline

Activity: 168


View Profile
July 01, 2011, 12:29:23 AM
 #22

NO you can not get one quickly.  It will take a very good graphics card, top of the line ati 6990 mining in a pool like I do almost 2 days not to get 1 bitcoin, to get 50 bitcoins your looking at about 2 months at this difficulty.

mushy99999
Jr. Member
*
Offline Offline

Activity: 42


View Profile
July 01, 2011, 12:43:50 AM
 #23

Makes sense. I'm not sure what's considered a high hashrate, but good to know. Any place to find more info on the fees thing and how that works?

I wouldn't even bother looking at solo mining unless you have >10Ghash at your disposal and even then it could take you more than a week to find a block if you are unlucky.

I think even 10GHash is slow these days judging by how fast deepbit ans slush's pool total hash rate is expanding. I reckon there are rig setups out there with 30  or more machines.
Pages: « 1 [2]  All
  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!