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Author Topic: Bitcoin not received...why?  (Read 1667 times)
kristofsx
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June 18, 2011, 12:38:25 PM
 #1

hey all!
Just started to mining and i didn't received my first payout!
I'm mining at slush's pool (http://mining.bitcoin.cz) set my wallet address (double checked) , and i can see the payment details, but i didn't received any coins on my Bitcoin manager... idk what i did wrong

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you2
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June 18, 2011, 12:41:15 PM
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Maybe your Bitcoin Client has not seen enough Blocks.

The most recent block count is 131616

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torusJKL
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June 18, 2011, 12:49:48 PM
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transfers are not immediate.
It takes approx. 10 minutes for each new block to be attached to the chain.
Thus a transfer takes at least 10 minutes.

If you find my post useful send some BTC: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
freeman725
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June 18, 2011, 01:04:03 PM
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The bitcoin client is used for solo mining. You view your payouts on the website of the pool you belong to. I was mining for mining.bitcoin.cz and their site has a payout threshold of 1 coin by default. So, I was getting fractions of a coin based on the pool's size and when someone in the pool found a block. mining.bitcoin.cz has about 2500 workers fishing last time I checked. I ran for about 4 days and never hit a 1 coin payout. So, yeah, lol, do the math.

If your miner is running as it should, track your payouts on mining.bitcoin.cz. I'm running solo now, mainly because the anticipation of possibly finding a block and getting 50 coins is more gratifying to me than seeing a payout of 1000th's of a coin on every block that is found by the pool.
Dayofswords
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June 18, 2011, 01:13:43 PM
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transfers are not immediate.
It takes approx. 10 minutes for each new block to be attached to the chain.
Thus a transfer takes at least 10 minutes.

that and he has payouts sent out every hour and you have to wait the 120 confirmations NEEDED to actually spend the 50BTC the pool mined, then t your share is added to what's stored on the account page




Quote
I ran for about 4 days and never hit a 1 coin payout. So, yeah, lol, do the math.
[...]
I'm running solo now, mainly because the anticipation of possibly finding a block and getting 50 coins is more gratifying to me than seeing a payout of 1000th's of a coin on every block that is found.
If you didn't get to 1 coin in 4 days, you're looking at an AVERAGE of more than a month to find a block yourself, that doesn't include the difficulty increasing.

142u3uafy7bvxJXArDF9mo9e6LEFSef5Hr
freeman725
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June 18, 2011, 01:25:19 PM
 #6

If you didn't get to 1 coin in 4 days, you're looking at an AVERAGE of more than a month to find a block your, that doesn't include the difficulty increasing.

Yeah, sorry, I failed to mention that I started 4 days ago and I've had the miner off and on trying to optimize it, so my contributions kept resetting. If I'd left the miner on I'd probably be a lot further ahead. I'm pushing ~450 mh/s (which I thought was a bit low for my cards, hence my "cry for help" thread).
Dayofswords
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June 18, 2011, 01:39:57 PM
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If you didn't get to 1 coin in 4 days, you're looking at an AVERAGE of more than a month to find a block your, that doesn't include the difficulty increasing.

Yeah, sorry, I failed to mention that I started 4 days ago and I've had the miner off and on trying to optimize it, so my contributions kept resetting. If I'd left the miner on I'd probably be a lot further ahead. I'm pushing ~450 mh/s (which I thought was a bit low for my cards, hence my "cry for help" thread).

use this nifty thing
http://www.alloscomp.com/bitcoin/calculator.php

just fill in the mh/s and you get the average of mining, in a pool, you get around the average because it takes out alot of the variance of solo mining.

right now, 450mh/s in a month gives you ~15BTC, that's about 3 months and some odd days to find it yourself on average with solo to get 50BTC,  with the difficulty rising incredible, you're looking at much longer (currently 877226.66666667 , next one(at current rate) will be about 1190k, which means 30% harder, which means nearly 30% harder every 1.6ish weeks)


I'm so positive. /sarcasm

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freeman725
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June 18, 2011, 01:59:41 PM
 #8

 Thanks for the info, man. Definitely helped to bring things into perspective. Yeah, the market got flooded with the 25k btc that were stolen causing the value to drop, causing people not to trade, causing the difficulty to go up. It's a snowball. I myself have a pretty good feeling that people will buy them up and hold on to them, increasing the rarity/value. The difficulty will drop. Patience is a virtue, lol. Statistics over a two year time period don't lie. I'm now riding the roller coaster. I can wait, haha.

Check out http://bitcoincharts.com/markets/ if you haven't already.
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