Namecoind question.

[Demogorgonz]

Hello,

Today i decided to download namecoind for linux. At this time of thread creation my namecoind is syncing blocks.

I have found this page http://dot-bit.org/InstallAndConfigureNamecoin

So i made a config :

Code:

rpcuser=myusername
rpcpassword=mypass
rpcport=8336
daemon=1
server=1

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ? If so,which address will be credited with namecoins ? I have 2 accounts,default blank and "myuser",each having different address of course .

I just can't wait for namecoind to sync,and i must admit that i am impatient ..

Looking forward for response.

Best regards.

[1715246126]

1715246126

[TheSpiral]

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ? If so,which address will be credited with namecoins ? I have 2 accounts,default blank and "myuser",each having different address of course .

I just can't wait for namecoind to sync,and i must admit that i am impatient ..

Looking forward for response.

Best regards.

You're planning on solo mining Namecoin at a difficulty of 75 million? Can I ask why?
Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

[Demogorgonz]

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ? If so,which address will be credited with namecoins ? I have 2 accounts,default blank and "myuser",each having different address of course .

I just can't wait for namecoind to sync,and i must admit that i am impatient ..

Looking forward for response.

Best regards.

You're planning on solo mining Namecoin at a difficulty of 75 million? Can I ask why?
Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

Hello,

First of all,thanks for interesting in my thread .

My plan is to run namecoind for wallet purpose,however i have never ran "coin"d before and it would be interesting to learn more about it.
I might switch to some other coins which have linux release with daemon and server vars.. Tho i can achieve up to 5-10GH/s,and it could be profitable until difficulty raise..

Can you answer on my question above ? Also,can you suggest me which coins to mine which are tradable on btc-e for example ?

Best regards.

[lassdas]

Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

Don't forget p2pool, quite easy to set up BTC-NMC merge-mining on it.

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ?

Not without username/pass,
use those you entered in your config

Code:

rpcuser=myusername
rpcpassword=mypass

which address will be credited with namecoins ?

Assuming you're solo-mining a new address will automagically be created for each block found.

[TheSpiral]

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ? If so,which address will be credited with namecoins ? I have 2 accounts,default blank and "myuser",each having different address of course .

I just can't wait for namecoind to sync,and i must admit that i am impatient ..

Looking forward for response.

Best regards.

You're planning on solo mining Namecoin at a difficulty of 75 million? Can I ask why?
Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

Hello,

First of all,thanks for interesting in my thread .

My plan is to run namecoind for wallet purpose,however i have never ran "coin"d before and it would be interesting to learn more about it.
I might switch to some other coins which have linux release with daemon and server vars.. Tho i can achieve up to 5-10GH/s,and it could be profitable until difficulty raise..

Can you answer on my question above ? Also,can you suggest me which coins to mine which are tradable on btc-e for example ?

Best regards.

Current estimation....
5 GH/s at 75,473,386 difficulty will take 2 years and 20 days to find a block if you solo mine.
A block of Namecoin is worth about 0.1885 or $23.90.
$23.90 for more than 2 years of solo mining.... Why?

I'd recommend joining a merge-mine pool if you want Namecoin. Bitparking will get you Bitcoin, Namecoin, Devcoin, i0coin, ixcoin, and a few others all at the same time.

• Look here if you want to compare different pools and see which ones will give you namecoin: https://en.bitcoin.it/wiki/Comparison_of_mining_pools
• Look here if you want to see how much profit each coin is currently (it will change very often): http://www.coinchoose.com/
• If you want to solo mine a coin with 5 GH/s, I would suggest looking at the coinchoose site and looking at "SHA-256" coins with low difficulty.

For solo mining, it would look like this:

Code:

-o localhost:8336 -u myusername -p mypass

[Demogorgonz]

Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

Don't forget p2pool, quite easy to set up BTC-NMC merge-mining on it.

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ?

Not without username/pass,
use those you entered in your config

Code:

rpcuser=myusername
rpcpassword=mypass

which address will be credited with namecoins ?

Assuming you're solo-mining a new address will automagically be created for each block found.

p2pool ? i will have to look for it,so far i haven't heard of p2pool.

Thank you very much for info

[Demogorgonz]

Now my question is how can i mine,i mean what parameters do i have to input in my miner ?

Will my miner mine if i input only url and port in format : http://localhost:8336 without username/pass ? If so,which address will be credited with namecoins ? I have 2 accounts,default blank and "myuser",each having different address of course .

I just can't wait for namecoind to sync,and i must admit that i am impatient ..

Looking forward for response.

Best regards.

You're planning on solo mining Namecoin at a difficulty of 75 million? Can I ask why?
Wouldn't it just be better to join a merge-mining pool like bitparking, eligius, bitminter, or slush?

Hello,

First of all,thanks for interesting in my thread .

My plan is to run namecoind for wallet purpose,however i have never ran "coin"d before and it would be interesting to learn more about it.
I might switch to some other coins which have linux release with daemon and server vars.. Tho i can achieve up to 5-10GH/s,and it could be profitable until difficulty raise..

Can you answer on my question above ? Also,can you suggest me which coins to mine which are tradable on btc-e for example ?

Best regards.

Current estimation....
5 GH/s at 75,473,386 difficulty will take 2 years and 20 days to find a block if you solo mine.
A block of Namecoin is worth about 0.1885 or $23.90.
$23.90 for more than 2 years of solo mining.... Why?

I'd recommend joining a merge-mine pool if you want Namecoin. Bitparking will get you Bitcoin, Namecoin, Devcoin, i0coin, ixcoin, and a few others all at the same time.

• Look here if you want to compare different pools and see which ones will give you namecoin: https://en.bitcoin.it/wiki/Comparison_of_mining_pools
• Look here if you want to see how much profit each coin is currently (it will change very often): http://www.coinchoose.com/
• If you want to solo mine a coin with 5 GH/s, I would suggest looking at the coinchoose site and looking at "SHA-256" coins with low difficulty.

For solo mining, it would look like this:

Code:

-o localhost:8336 -u myusername -p mypass

I will look for sure,do you know any with linux client"d" which i could put to server mode ?

Thank you