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Author Topic: 1 client, 1 wallet = you will never have your first bitcoin!!  (Read 1013 times)
dezza
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June 20, 2011, 07:49:23 AM
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1 client, 1 wallet = you will never have your first bitcoin!!

My worries are:

1 client generates so little parts of a bitcoin, that you will never be able to transfer them to a "central" wallet ..

Why can't you merge several clients to cooperate on the "same" wallet so you actually have a chance of getting a transferrable amount (0.01) within a life-time??

It seems to me like you will have to adjust the "minimum send-amount" before any mining will make sense when Bitcoin goes "gold" ..

It doesn't make any sense to run it on several computers if none of them will never generate a bitcoin that can be transferred ..

Your bitcoin balance will always be 0.00000 untill the first 0.1 is generated right? Where can you see the payouts in realtime with "bitcoind.exe" without just waiting patiently for your first bitcoin ??
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gangstarasp
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June 20, 2011, 07:55:51 AM
 #2

Use a Pool, Ive only pool mined for about 4 days and have gained 3BTC, it doesnt seem like much but at 15-20 per BTC its helping offset my rig costs..
Let time work for you!

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Try your luck and double your Bitcoins: http://doubletrouble.bitcoinbet.com/?r=1NLYKgfQyyxkmt9iWaVACgxBgNCmSuKff1

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jacoder
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June 20, 2011, 08:01:34 AM
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1 client generates so little parts of a bitcoin, that you will never be able to transfer them to a "central" wallet ..
None of the clients generates  less than  a block (50 btc). But this event is very-very rare: you can estimate your chances here:
http://www.alloscomp.com/bitcoin/calculator.php .

So, you have to join a mining pool, there the risk&profit is divided between users & mine with a specialized program if you want to get your own coin.
IMO, now it's easier & in many cases cheaper just to buy

Good luck!
stergium
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June 20, 2011, 08:35:20 AM
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Use a Pool, Ive only pool mined for about 4 days and have gained 3BTC, it doesnt seem like much but at 15-20 per BTC its helping offset my rig costs..
Let time work for you!
3BTC in 4 days???  Shocked i need a month for 3 btc  Angry
gangstarasp
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June 20, 2011, 08:50:45 AM
 #5

yep, Bitclockers is a pretty good pool. Too bad our pool is currently on a long block. Im running at 300-350 mhash/s. I have another GPU on its way and ill average 600-700 mhash/s in 3 days after i get it in the mail.


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jacoder
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June 20, 2011, 08:51:47 AM
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Maybe he told about a month-or-2-ago experience?
UPD: so, 0.75 coin/per day with  650MHps?
Yep, for now it's quite good! But statistically it should become less in nearest days,
& even lesser after the difficulty rise (in the end of this week)

As from my point on average now 1000MHps gives you 1 btc per day.
 
dezza
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June 20, 2011, 09:26:01 AM
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Yes, I know you can join a mining pool, but then you get more often a payout, but if the payout is still not equal to 0.01 you're still not able to transfer it centrally to your "main wallet" ..

This means, you can have a full room of mining rigs, but even if they in total generate a BTC you will never be able to "assemble" it at your CENTRAL wallet?

GET THE IDEA?
de_bert
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June 20, 2011, 10:42:46 AM
 #8

Yes, I know you can join a mining pool, but then you get more often a payout, but if the payout is still not equal to 0.01 you're still not able to transfer it centrally to your "main wallet" ..

This means, you can have a full room of mining rigs, but even if they in total generate a BTC you will never be able to "assemble" it at your CENTRAL wallet?

GET THE IDEA?

Aaaah, now I know what you mean!
Your original post was completely un-understandable :-)

That's why you only have _one_ account in a mining pool, but several workers, so all of them will contribute to the same account.
This works on all major and probably minor pools.

But if you have workers that don't generate 0.01 in a reasonable time, maybe you should not use them....
csutcliff
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June 20, 2011, 10:44:04 AM
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If you have a room full of miners and you cant generate more than 0.01 in a pool then you're doing it wrong :p
dezza
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June 20, 2011, 10:51:33 AM
 #10

That's why you only have _one_ account in a mining pool, but several workers, so all of them will contribute to the same account.
This works on all major and probably minor pools.

And how do you do this by solo-mining ?

Having one account across several workers (PCs) ?
de_bert
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June 20, 2011, 11:34:59 AM
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You can configure your bitcoin-client to run as server.
In the poclbm miner is even a function to directly start bitcoin.exe as server. Then, all your miners need to connect to this server.

This is of course for windows, but there are most probably some very simple command line arguments for command line programs, too.
Read the documentation for the bitcoin client!

But, as a last warning: If you do not have _massive_ calculation power, meaning multiple GH/s, you will have a hard time finding blocks and will be better off in a pool!
dezza
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June 20, 2011, 12:07:17 PM
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But, as a last warning: If you do not have _massive_ calculation power, meaning multiple GH/s, you will have a hard time finding blocks and will be better off in a pool!

I am aware of this Smiley

Can anyone give me an example of two bitcoin.conf's

bitcoin.conf (client, joining mining pool)
and another one
bitcoinf.conf (working as mining pool)

like: addnode,connect,rpcconnect- which to use at server? and which to use at client? do you use the same rpcpass and user on a mining pool when connecting to a client or is a mining pool not rpc-password protected or how does it work??
minero1
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August 18, 2011, 11:28:36 PM
 #13

i'm in the same boat, i've been browsing websites for days trying to find how to connect many mining rigs working cooperatively while solo mining. i'm already mining with a pool and have many workers setup but i want to try solo mining, i'm just getting hardware to pump over 4ghash as of right now
helloworld
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August 19, 2011, 06:06:55 AM
 #14

I know it's not the most practical solution, but would it be possible to join all your small balances together by exporting/importing keys so that all your addresses are in the same wallet? That way there's no transaction fees, just a bit of a hassle with a non-standard client.

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