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Author Topic: Did i find a block???  (Read 661 times)
Anistruk
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February 11, 2017, 10:58:43 AM
 #1

I was mining at minergate just for fun, and then i have this:

http://image.prntscr.com/image/e06929c36eb0431eaddefaa123a5a619.png

What does it mean??
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HagssFIN
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February 11, 2017, 11:35:16 AM
 #2

You are mining FantomCoin.
It looks like you have found a FantomCoin block.
If you are mining in a pool, that block reward is of course splitted between all miners as always in pool mining.

And it seems that the FantomCoin block reward 4.21 equals only about 0.10 USD.
It is pretty much nothing unfortunately.

Anistruk
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February 11, 2017, 11:43:48 AM
 #3

Ohhh Sad i had read something about 25 BTC if find a block. Is not the case right? Sad
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February 11, 2017, 11:50:37 AM
 #4

Bitcoin block reward is actually 12.5BTC right now.

You must ask yourself that how in the world would you end up finding a Bitcoin block if you are mining FantomCoin?
Also, if you want to find a Bitcoin block and have the whole block reward, that means solo mining.
With small hash rate there is a very small chance to ever find a Bitcoin block in solo mining.

In the pool mining all the found blocks are shared with pool miners.

Anistruk
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February 11, 2017, 11:59:59 AM
 #5

Bitcoin block reward is actually 12.5BTC right now.

You must ask yourself that how in the world would you end up finding a Bitcoin block if you are mining FantomCoin?
Also, if you want to find a Bitcoin block and have the whole block reward, that means solo mining.
With small hash rate there is a very small chance to ever find a Bitcoin block in solo mining.

In the pool mining all the found blocks are shared with pool miners.

That was my first question, i'm running MinerGate software at 3 i7 pcs with only selecting the smart mining:

https://static.minergate.com/d2c54927b3092c72bdc7c416b967c0fb.png

This is solo mining right??

Regards
Decoded
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February 11, 2017, 12:10:33 PM
 #6

Bitcoin block reward is actually 12.5BTC right now.

You must ask yourself that how in the world would you end up finding a Bitcoin block if you are mining FantomCoin?
Also, if you want to find a Bitcoin block and have the whole block reward, that means solo mining.
With small hash rate there is a very small chance to ever find a Bitcoin block in solo mining.

In the pool mining all the found blocks are shared with pool miners.

That was my first question, i'm running MinerGate software at 3 i7 pcs with only selecting the smart mining:



This is solo mining right??

Regards

Ah... Minergate's smart mining. It mines altcoins with a good prices and low network hashrate to make a higher profit, right? The thing is, you'll have to manually liquidate your assets.

My recommendation is to stop mining, and use those i7s for something better, or at least sell them. You're not going to make anything, especially with minergate.



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Anistruk
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February 11, 2017, 12:17:05 PM
 #7

So i'm not get anything out of this block right?

About the i7 i know that they are not making the diference, it was just for fun. I'm thinking in a USB Stick Miner GekkoScience Compac 8-16 GH/s, one power USB hub and a Pi3 to start. It will do the job?

Regards
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February 11, 2017, 12:22:34 PM
 #8

So i'm not get anything out of this block right?

About the i7 i know that they are not making the diference, it was just for fun. I'm thinking in a USB Stick Miner GekkoScience Compac 8-16 GH/s, one power USB hub and a Pi3 to start. It will do the job?

Regards

If you're trying to make a profit, forget it. Unless you invest thousands of dollars, you will lose money, if not barely break even.

It's all a learning experience. Use the technology you have rather than buying new ones. It will simply be a waste of your money.



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adaseb
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February 11, 2017, 10:20:32 PM
 #9

You gotta buy a bunch of GPUs like the RX 470 or RX 480 and mine ZEC and ETH.

You will only make $1/day per GPU.


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