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Trongersoll
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November 22, 2013, 09:47:44 PM
Last edit: November 22, 2013, 10:24:33 PM by Trongersoll |
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Finally broke that block... 12:40, ugh.
Now imagine you'd had mined that Block solo o.0 (personally, with my performance I wouldn't even live to see the day that block got solved :p ) It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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bspurloc
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November 22, 2013, 10:13:16 PM |
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Finally broke that block... 12:40, ugh.
Now imagine you'd had mined that Block solo o.0 (personally, with my performance I wouldn't even live to see the day that block got solved :p ) It doesn't work that way. It didn't take that long to find a specific, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block. Imagine the day people stop complaining about long blocks... then imagine the day people stop asking "what gives" then imagine... where is my payout? where slush at? why he still want 1 btc for a Trezor?! |
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Kasbtc
Newbie
 Offline
Activity: 10
Merit: 0
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November 22, 2013, 11:52:58 PM |
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Mining is slow and boring. Gotta have something to talk about.  |
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jmevz
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November 22, 2013, 11:56:16 PM |
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A 5 hour round on top of a 12 hour round, got to love that, don't we? I was going to do the lawn, but no, it's raining again. Realestate is demanding we mow, well guess what?  |
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xZork
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November 23, 2013, 02:48:44 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. |
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Trongersoll
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November 23, 2013, 03:13:04 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing. The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block. |
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xZork
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November 23, 2013, 03:27:30 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing. The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block. Ah, so there is only one active (known) block at a time that all miners are working to solve. Once that is solved, the answer leads to the next block? Also I was a bit thrown on the block vs round. I checked the wiki but will do some more looking. Sorry if my questions are elementary, I am fairly new and I must say it is quite a lot to grasp. Thank you for taking the time out of your day. |
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kkurtmann
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November 23, 2013, 06:30:03 AM |
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it definitely is "a lot to grasp" but all the info you are looking for has already been published. google it
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xZork
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November 23, 2013, 07:10:17 AM
Last edit: November 23, 2013, 08:46:58 AM by xZork |
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it definitely is "a lot to grasp" but all the info you are looking for has already been published. google it
I have googled a lot, read a lot, maybe I am just a simpleton. Thanks for the constructive criticism. |
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jmevz
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November 23, 2013, 09:04:17 AM |
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What's with our luck lately?
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Trongersoll
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November 23, 2013, 10:01:49 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing. The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block. Ah, so there is only one active (known) block at a time that all miners are working to solve. Once that is solved, the answer leads to the next block? Also I was a bit thrown on the block vs round. I checked the wiki but will do some more looking. Sorry if my questions are elementary, I am fairly new and I must say it is quite a lot to grasp. Thank you for taking the time out of your day. Yes, you have got the blocks down. A round is how long it takes for the pool to find a block. If it took 10 hours for the pool to find a block, that is a 10 hour round. A lot of people will call that a 10 hour block, but that is confusing to new people. |
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jmevz
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November 23, 2013, 10:40:52 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing. The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block. Ah, so there is only one active (known) block at a time that all miners are working to solve. Once that is solved, the answer leads to the next block? Also I was a bit thrown on the block vs round. I checked the wiki but will do some more looking. Sorry if my questions are elementary, I am fairly new and I must say it is quite a lot to grasp. Thank you for taking the time out of your day. Yes, you have got the blocks down. A round is how long it takes for the pool to find a block. If it took 10 hours for the pool to find a block, that is a 10 hour round. A lot of people will call that a 10 hour block, but that is confusing to new people. Let me see if I get this myself please? A block is worked on by the entire network and pools. Any pool or miner can solve the block, hence ending their round? Correct? Thus, our round continues until we solve one of these blocks? Hence the 'stratum detected new block?' |
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gourmet
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November 23, 2013, 06:42:12 PM |
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it definitely is "a lot to grasp" but all the info you are looking for has already been published. google it
I have googled a lot, read a lot, maybe I am just a simpleton. Thanks for the constructive criticism. Imagine everyone new in this forum were asking these questions... BTW, these questions are off-topic in this thread, as they're quite general and not specific to Slush's pool. [edit] These questions are best posted in the Newbies' section in fact. |
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gourmet
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November 23, 2013, 06:46:09 PM |
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The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block.
5 billion :-) |
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Trongersoll
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November 23, 2013, 07:01:04 PM
Last edit: November 24, 2013, 01:34:46 AM by Trongersoll |
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The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block.
5 billion :-) oops, i just knew i was gonna mess that up. I even went over it in my head a few times and still typed it wrong.  When ever i answer questions here i feel like i'm back in college taking a test. |
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paulus51
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November 23, 2013, 08:46:58 PM |
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so i understand it so far but what happens wen my machine finds a block ?
wen i see in my account found blocks ...example 1
can some one explane this ? what are the rewards or .... tell me how does this work ?
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gourmet
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November 23, 2013, 11:09:31 PM
Last edit: November 24, 2013, 11:02:09 PM by gourmet |
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so i understand it so far but what happens wen my machine finds a block ?
wen i see in my account found blocks ...example 1
can some one explane this ? what are the rewards or .... tell me how does this work ?
See this post several posts above... At Slush's pool, you won't get any extra reward for finding a block. You can have a good feeling and can compare your reward with solo mining. :-) |
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ninthgate
Newbie
Offline
Activity: 27
Merit: 0
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November 23, 2013, 11:23:52 PM |
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so i understand it so far but what happens wen my machine finds a block ?
wen i see in my account found blocks ...example 1
can some one explane this ? what are the rewards or .... tell me how does this work ?
See this post several posts above... At Slush's pool, you won't get any extra reward for finding a block. You can have a good feeling and can compare your reward with solo mining. :-) well, the solving share would be higher, so you would see a little more. |
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xZork
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November 24, 2013, 12:06:01 AM |
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Today is making up for the last few. Loving it!
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TheWoodser
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November 24, 2013, 12:56:37 AM |
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It doesn't work that way. It didn't take that long to find a specific block, it took that long to find any block. Every time someone else finds a block, we start looking for a new block based on what they found. That's why we call that 12 hours a round, not a block.
So every time you see "stratum detected a new block" in the miner log would indicate that the hashing power is being spent on solving a block rather than looking for a new one? Unless someone solves that block first. But if you don't see a new block detected for a long while, the hashing power is being spent finding a new one? How is hashing power divided between looking for new blocks vs solving, is there a ratio set by the pool operator depending on how many active blocks have been found? -noob. When you see "stratum detected a new block" it means that someone somewhere in the world found a solution for the current block and that a new block is now being worked on. Solving is looking for new blocks. Different names for the same thing. The thing is that there is more than one right solution for any given block. All the pools and solo people use different inputs than every one else in hopes that their input will find the desired output. Say your hashrate is 5 Gh/s, that means you are checking 5 million different inputs every second looking for the one output that will complete the block. Ah, so there is only one active (known) block at a time that all miners are working to solve. Once that is solved, the answer leads to the next block? Also I was a bit thrown on the block vs round. I checked the wiki but will do some more looking. Sorry if my questions are elementary, I am fairly new and I must say it is quite a lot to grasp. Thank you for taking the time out of your day. Yes, you have got the blocks down. A round is how long it takes for the pool to find a block. If it took 10 hours for the pool to find a block, that is a 10 hour round. A lot of people will call that a 10 hour block, but that is confusing to new people. Let me see if I get this myself please? A block is worked on by the entire network and pools. Any pool or miner can solve the block, hence ending their round? Correct? Thus, our round continues until we solve one of these blocks? Hence the 'stratum detected new block?' I hope to clear this once and for all...... There are multiple pools and solo miners all looking for a block. If you go to the "Stats" page on the Slush's website.... The far left column is the "ROUND" ID Number....This is since the POOL found a block, not since there is a new block If you look at the "Block #" column... That is the block on the network. See how they skip a few? That is because they were found by someone other than us (Slush's Pool) |
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