mashimaro (OP)
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July 11, 2011, 01:48:14 AM |
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I have the following script running start /d"C:\Program Files (x86)\Bitcoin" bitcoin.exe -server" start /d"C:\guiminer20110614\guiminer" poclbm.exe --user=FT --pass=wombat --device=0 --platform=0 -w 256 -f1 start /d"C:\guiminer20110614\guiminer" poclbm.exe --user=FT --pass=wombat --device=1 --platform=0 -w 256 -f1 With the following config file bitcoin.conf rpcuser=FT rpcpassword=wombat I have been running this continuously for about 4 days not much seems to happen the Khash/s rate varies the connections go up and down. see below image. I am a bit concerned it is actually doing anything How can i tell if it is actually doing anything or progressing? Approximately how long I need to wait to see it generate a block? Hardware is a single ATI HD 6990 card. http://www.viet-fresh.com/bitcoin_mining.JPGMany thanks I am very new to this and I cant find the exact info on the web anywhere.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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NickW
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July 11, 2011, 02:21:52 AM |
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If your miners are showing a hash rate (like they are) then it is working fine.
You just have an extremely low chance of finding a block.
There is nothing to "see" until you find a valid block. There is no "progression" as each hash you try has the same probability as any other. So the chance of a hash finding a block right now is the exactly thesame as it finding one in a few days time. How many you've already calculated makes no difference to the future probability.
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peps1c0la
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July 11, 2011, 02:58:40 AM |
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So the previously mentioned 3 months is just a guess? It is random? Like it could be "tomorrow" or "next December"? I am sorry if it is an idiot question... I am trying to figure all this out myself...
I started out joining a pool about a week ago myself. I have netted about a whole BitPenny so far... so, at the rate I am going, will have a whole BTC in about a year...
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nmat
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July 11, 2011, 03:10:41 AM |
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So the previously mentioned 3 months is just a guess? It is random? Like it could be "tomorrow" or "next December"? I am sorry if it is an idiot question... I am trying to figure all this out myself...
I started out joining a pool about a week ago myself. I have netted about a whole BitPenny so far... so, at the rate I am going, will have a whole BTC in about a year...
It could be the next minute, the next month or the next season It's kind of lottery. The 3 months is the average for his case. If you use the calculator link at my previous post, you can see the probability of finding a block. Just fill in the difficulty and your Mhash/s. Pool mining is completely different. If you join a pool you will receive constant smaller payments at a good rate (depending on the options you chose). Example for a really fast machine (2Ghash or something...): - If you mine solo you will find a block (50 BTC) every 50 days on average - If you join a pool you will receive 1 BTC every day on average (minus the pool fees) You can also use this calculator to find out how many bitcoins you will earn on average with your current hardware: http://www.alloscomp.com/bitcoin/calculator.php
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JoelKatz
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Democracy is vulnerable to a 51% attack.
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July 11, 2011, 03:46:41 AM |
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So the previously mentioned 3 months is just a guess? It is random? Like it could be "tomorrow" or "next December"? I am sorry if it is an idiot question... I am trying to figure all this out myself... It is random. Generating a block is like flipping 500 coins and having then all come up heads. Every attempt has an equal chance of success. I started out joining a pool about a week ago myself. I have netted about a whole BitPenny so far... so, at the rate I am going, will have a whole BTC in about a year... That doesn't seem right. You should be making a bitcoin every three days or so. How quickly were you generating shares? Were your shares being rejected?
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I am an employee of Ripple. Follow me on Twitter @JoelKatz 1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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peps1c0la
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July 11, 2011, 06:21:14 AM Last edit: July 11, 2011, 06:42:02 AM by peps1c0la |
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I started out joining a pool about a week ago myself. I have netted about a whole BitPenny so far... so, at the rate I am going, will have a whole BTC in about a year... That doesn't seem right. You should be making a bitcoin every three days or so. How quickly were you generating shares? Were your shares being rejected? I am using CPU because my GPU doesn't seem to support any of my attempts (on either of two computers). I am generating at a pretty steady 3.0Mh/s with a 7 day average of about .0013 or so. Perhaps I just don't have something set up right just yet... before going and asking a bunch of questions, trying to suck all the info I can find out of these forums. Oh, yea, I have that sucker running 24/7 too.
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nmat
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July 11, 2011, 06:36:24 AM |
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That is right then. CPU mining is sort of pointless now... What are your GPU models?
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cryptomint
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July 11, 2011, 06:48:39 AM |
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With that hash rate:
Solo mining = degen gambler Pool mining = steady grinder
If you want to gamble and hope for the big pay day, keep soloing.
If you want to get a more steady flow of coins, go with a pool.
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peps1c0la
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July 11, 2011, 06:52:06 AM |
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That is right then. CPU mining is sort of pointless now... What are your GPU models?
I have one with a NVIDIA GeForce 7150M/nforce 630M, and another with ATI Mobility Radeon X1300.
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nmat
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July 11, 2011, 06:59:36 AM |
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I have one with a NVIDIA GeForce 7150M/nforce 630M, and another with ATI Mobility Radeon X1300.
None of them is supported I think. You can continue to mine with CPU but, money wise, it's not really worth it. If you really want bitcoins you can just buy them though...
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peps1c0la
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July 11, 2011, 07:19:07 AM |
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I have one with a NVIDIA GeForce 7150M/nforce 630M, and another with ATI Mobility Radeon X1300.
None of them is supported I think. You can continue to mine with CPU but, money wise, it's not really worth it. If you really want bitcoins you can just buy them though... I am working on buying... waiting for my dwolla exchange Otherwise, racking my brain to figure out a way to earn em. I am looking forward to the "new economy" and want to chip in what I can to get this thing off the ground. Perhaps it is time for a new computer... lol
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