Bitcoin Forum
May 12, 2024, 01:23:46 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > Quick question about generating bitcoins
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Quick question about generating bitcoins  (Read 757 times)
spekoner (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
June 15, 2011, 04:34:56 AM
 #1
Before i invest in a rig i wanted to just understand the process of bitcoin mining.. so im mining with just 1 radeon hd 5770, getting about 150,000 khash/sec.
its been about 3 days and nothing. my question is, do you generate 1 bitcoin at a time? or a whole block at a time? thanks
1715477026
Hero Member
*
Offline Offline

Posts: 1715477026

View Profile Personal Message (Offline)

Ignore
1715477026
1715477026
Reply with quote  #2
1715477026
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715477026
Hero Member
*
Offline Offline

Posts: 1715477026

View Profile Personal Message (Offline)

Ignore
1715477026
1715477026
Reply with quote  #2
1715477026
Report to moderator
1715477026
Hero Member
*
Offline Offline

Posts: 1715477026

View Profile Personal Message (Offline)

Ignore
1715477026
1715477026
Reply with quote  #2
1715477026
Report to moderator
lessPlastic
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
June 15, 2011, 04:41:00 AM
 #2
It's now pretty much impossible to mine solo. You pool mine, which means you join a pool and mine for them. The whole pool gets a block to solve (a block holds 50 BTC) and it gets solved by the pool, which pays out according to how much work you put in.
swusc2
Sr. Member
****
Offline Offline

Activity: 304
Merit: 250


Do your part for Bitcoin!


View Profile
June 15, 2011, 05:04:31 AM
 #3
Yes you can only find a Block which is 50 BTC if you mine solo. At your 150 Mhash, it would take you and average 188 days to generate 1 block.
Impress your friends! Buy a bitcoin keychain!
http://forum.bitcoin.org/index.php?topic=30799.0
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > Quick question about generating bitcoins
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!