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sjc1490
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August 12, 2014, 05:52:12 PM |
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Been mining here since March and today I finally found a block for the first time, not that it means anything but at least I don't feel skunked now.  |
BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Devonian
Newbie
 Offline
Activity: 13
Merit: 0
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August 12, 2014, 06:42:28 PM |
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Been mining here since March and today I finally found a block for the first time, not that it means anything but at least I don't feel skunked now. Excellent. Well done. I wish my miner could find one - it would certainly cheer me up! |
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Devonian
Newbie
Offline
Activity: 13
Merit: 0
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August 12, 2014, 07:11:47 PM |
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Anyhooooo - if all us pool miners set our payout trigger to the minimum will that increase the number of Bitcoin transactions, and therefore increase the number of blocks being processed and therefore ultimately increase the reward we get for mining!!!!!!!
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eleuthria
Legendary
Offline
Activity: 1750
Merit: 1007
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August 12, 2014, 07:21:27 PM |
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Anyhooooo - if all us pool miners set our payout trigger to the minimum will that increase the number of Bitcoin transactions, and therefore increase the number of blocks being processed and therefore ultimately increase the reward we get for mining!!!!!!!
No...it doesn't work like that. The number of blocks being produced is completely independent of the number of transactions on the network. |
RIP BTC Guild, April 2011 - June 2015
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dbbrummel
Jr. Member
Offline
Activity: 50
Merit: 1
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August 13, 2014, 02:53:59 AM |
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Well, at least about 30 PH has left the mining pools since last I checked, from 190 down to 160 +/-.
So block time is back up from 7.5 to 8.7 minutes. That may help make the next LOD easier to survive.
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Vortex20000
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August 13, 2014, 05:36:55 AM |
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The days when people only had 10 MH/s.
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bernard75
Legendary
Offline
Activity: 1316
Merit: 1003
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August 13, 2014, 12:53:11 PM |
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 For everybody, just found a new block. |
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bernard75
Legendary
Offline
Activity: 1316
Merit: 1003
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August 13, 2014, 12:54:07 PM |
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Sorry for the size, just so exited atm.
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cenicsoft
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August 13, 2014, 05:24:36 PM |
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Anyhooooo - if all us pool miners set our payout trigger to the minimum will that increase the number of Bitcoin transactions, and therefore increase the number of blocks being processed and therefore ultimately increase the reward we get for mining!!!!!!!
It wouldn't increase the number of blocks being processed, but more transactions per block could increase the fees per block, ultimately increasing your share of each block by a small amount. Fees per block are minimal right now that it wouldn't make a huge difference. |
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bobsav2121
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August 13, 2014, 05:40:52 PM |
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Here we go again another negative day  |
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kkurtmann
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August 13, 2014, 05:43:16 PM |
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At least the price is dropping. :/
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Coinnilingus
Newbie
Offline
Activity: 26
Merit: 0
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August 13, 2014, 05:51:26 PM |
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Slush's Block Official Wager Line....
over and under is 16.5 hours for this block...any takers ?
first person with up to .01 btc (that's my max)
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zhinkk
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August 13, 2014, 05:55:26 PM |
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Should probably update the OP Bitcoins are ordinarily only ever created in chunks of 50 at a time, with the whole 50 paid to a single person. Furthermore, the race to get the 50 BTC prize in a given block is highly competitive.
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bobsav2121
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August 13, 2014, 05:59:49 PM |
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Slush's Block Official Wager Line....
over and under is 16.5 hours for this block...any takers ?
first person with up to .01 btc (that's my max)
I'm in for 1 Satoshi on the over  |
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Coinnilingus
Newbie
Offline
Activity: 26
Merit: 0
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August 13, 2014, 06:05:59 PM |
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Slush's Block Official Wager Line....
over and under is 16.5 hours for this block...any takers ?
first person with up to .01 btc (that's my max)
I'm in for 1 Satoshi on the over done deal bro ! 1 satoshi =) PM your addy so i can pony up...it's going to cost me more $ in fees..LoL |
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jterry211
Member
Offline
Activity: 114
Merit: 10
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August 13, 2014, 06:10:16 PM |
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i will take the under.
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Coinnilingus
Newbie
Offline
Activity: 26
Merit: 0
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August 13, 2014, 06:14:04 PM |
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i will take the under.
.01 on the udner Jterry211 ? if so, now more bets...i have reached max. PM your addy bro for .01 btc you are taking under correct ? |
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Slesh
Member
Offline
Activity: 103
Merit: 10
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August 13, 2014, 06:14:47 PM |
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Another > 24 hours bi.ch block.. Just today when I am testing new miners ..  |
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bobsav2121
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August 13, 2014, 06:20:57 PM |
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Another > 24 hours bi.ch block.. Just today when I am testing new miners .. We should all change pools for an hour then Slush will hit 6 10 minute ones  |
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Slesh
Member
Offline
Activity: 103
Merit: 10
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August 13, 2014, 06:23:18 PM |
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Another > 24 hours bi.ch block.. Just today when I am testing new miners .. We should all change pools for an hour then Slush will hit 6 10 minute ones I believe so |
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