Bitcoin Forum
December 13, 2017, 07:38:26 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [All]
  Print  
Author Topic: Mining Namecoins is now 2x more profitable than Bitcoins  (Read 54681 times)
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 20, 2011, 06:54:57 PM
#1

Current Mining difficulty ratio NMC/BTC: 0.0139
Current exchange rate NMC/BTC: 0.02700700

Sources:

http://dot-bit.org/tools/nextDifficulty.php
https://exchange.bitparking.com/main

末末

How to mine Namecoins?

1. Download and install Namecoin from http://www.namecoin.us/downloads.php

2. Navigate to %appdata%\Namecoin and create "bitcoin.conf" with the following content:

Code:
rpcuser=anything
rpcpassword=anythingelse
rpcport=8336
daemon=1
server=1

3. Start namecoind via commandline

4. Get GUIMiner, create a "solo" mining profile (mining solo is feasible even for single GPUs at difficulty of only 25k) and fill in the data from your bitcoin.conf file

5. Exchange your gathered Namecoins for more Bitcoins than you could have mined directly with the same hardware on https://exchange.bitparking.com/

6. PROFIT
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 20, 2011, 07:33:07 PM
#2

Addendum:

You can also use pools if you prefer.

http://bitparking.com/pool
http://namebit.org/
Freakin
Full Member
***
Offline Offline

Activity: 154


View Profile
July 20, 2011, 08:06:13 PM
#3

Anyone want to make guesses on how quickly next difficulty jump will be?

The namecoin pool shares just went through the roof in the last 30 minutes.
talldude
Member
**
Offline Offline

Activity: 76


View Profile
July 20, 2011, 08:10:41 PM
#4

something went down since namecoin rate as given by http://dot-bit.org/tools/nextDifficulty.php is way down.
relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 20, 2011, 08:20:29 PM
#5

edit: nvm
MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 20, 2011, 08:45:38 PM
#6

The more people jump in now, the higher next difficulty will be...
Short party...

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
twobits
Sr. Member
****
Offline Offline

Activity: 448



View Profile
July 20, 2011, 08:50:37 PM
#7

Addendum:

You can also use pools if you prefer.

http://bitparking.com/pool
http://namebit.org/


Don't forget https://poolmunity.com/  as they let you easily switch between them.



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 20, 2011, 08:52:43 PM
#8

Looks like about 12blocks/hr right now. So 1 week. Until more people realize that difficulty dropped today instead of tomorrow, then it'll probably be halved again to like 4 days. That's my guesstimate, 4-5 days until difficulty change.
Freakin
Full Member
***
Offline Offline

Activity: 154


View Profile
July 20, 2011, 08:54:21 PM
#9

yeah I'd say 5 days... NMC price will probably tank before then though
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 20, 2011, 09:03:16 PM
#10

Whenever I try to set up Namecoin I can't seem to get the .conf file working properly. I go into appdata/roaming/namecoin and create a .txt file, name it bitcoin.conf then add:

rpcuser= blah
rpcpassword=blah
rpcport=8336
daemon=1
server=1

Saved, then I go into a command line, plug in C:/apps/namecoin/namecoind   and I get an error saying I need to set my password in a config file with owner-readable-only file permissions...

Any ideas as to what I'm missing?

*edit: Finally got it saved as a .conf file and now when I try to open it it simply makes the command window black and drives up the file sizes of my blk and blkindex files until I exit...Have I ever mentioned I hate non-GUI mining?
talpan
Full Member
***
Offline Offline

Activity: 228


View Profile
July 20, 2011, 09:17:14 PM
#11

Wow that was quick.
Let's see how it's going, I hope the next increase won't be to big.

Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 20, 2011, 09:29:46 PM
#12

*edit: Finally got it saved as a .conf file and now when I try to open it it simply makes the command window black and drives up the file sizes of my blk and blkindex files until I exit...Have I ever mentioned I hate non-GUI mining?
Open the namecoind via "start namecoind". It will then open a separate cmd window and you can command it from the other via namecoind getinfo etc.

This thing frustrated me too in the beginning, I知 not sure why it behaves like that in Windows.
Yannick
Member
**
Offline Offline

Activity: 66



View Profile
July 20, 2011, 09:31:24 PM
#13

Don't you think NMC price will drop as soon as everyone else starts to exchange their NMC for BTC?

Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 20, 2011, 09:32:09 PM
#14

Don't you think NMC price will drop as soon as everyone else starts to exchange their NMC for BTC?
Yes, already happening. The profitability is a short-term window, but it could be worth it for some.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 20, 2011, 09:33:50 PM
#15

*edit: Finally got it saved as a .conf file and now when I try to open it it simply makes the command window black and drives up the file sizes of my blk and blkindex files until I exit...Have I ever mentioned I hate non-GUI mining?
Open the namecoind via "start namecoind". It will then open a separate cmd window and you can command it from the other via namecoind getinfo etc.

This thing frustrated me too in the beginning, I知 not sure why it behaves like that in Windows.

When I type in "start namecoind" I am told the system cannot find it - unless perhaps there is some other command that should precede this.

Also, in GUIMiner, do you start a solo Namecoin miner under "solo utilities"?
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 20, 2011, 09:36:55 PM
#16

When I type in "start namecoind" I am told the system cannot find it - unless perhaps there is some other command that should precede this.

Also, in GUIMiner, do you start a solo Namecoin miner under "solo utilities"?
First you need to move via cd to the directory your namecoind is located at, for example "cd C:\Program Files (x86)\Namecoin\daemon".
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 20, 2011, 09:37:11 PM
#17

Currently exchange is roughly .02BTC/NMC and falling. Difficulty is roughly .015NMC/BTC. Obviously if the two numbers meet then profitability is equalized. If exchange goes below difficulty than namecoin will no longer be profitable. Something to consider.
Chick
Member
**
Offline Offline

Activity: 70


View Profile
July 20, 2011, 09:37:21 PM
#18

zomg thanks for the notice!

coinotron
Legendary
*
Offline Offline

Activity: 1118


View Profile
July 20, 2011, 09:40:32 PM
#19

Join www.coinotron.com - 0% fee, LP.

In our pool you can on the fly switch between mining namecoins and bitcoins. There is no need to restart your miners. Just change worker type on our website.




burp
Member
**
Offline Offline

Activity: 98


View Profile
July 20, 2011, 09:44:41 PM
#20

Maybe soon merged mining will be possible: http://dot-bit.org/Merged_Mining

Double profit for single energy investment Cheesy
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 20, 2011, 09:48:00 PM
#21

Maybe soon merged mining will be possible: http://dot-bit.org/Merged_Mining

Double profit for single energy investment Cheesy
Double profit?
You mean double difficulties thus single profit, right?

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
joulesbeef
Sr. Member
****
Offline Offline

Activity: 476


moOo


View Profile
July 20, 2011, 10:48:55 PM
#22

Quote
You mean double difficulties thus single profit, right?

not sure what you mean but you will earn both namecoins and bitcoins at the same time., You will be mining the same blocks


it would be no different than if you had a clone of yourself mining namecoins and one mining bitcoins.

I'm not sure if profitability will really go up that much though, since suddenly namecoin will have a hash rate the size of bitcoins.. if you look at their trade volume, I cant see how the namecoin price can hold up anywhere close to where it is now, with everyone mining them.

mooo for rent
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 20, 2011, 11:48:27 PM
#23

man, you are just KILLING Namecoins by anuncing that... Namecoin is just coming out of 6 weeks at 55k difficulty, and now thanks to you, the next dificulty will be going to hell... probably 100k in 2 days, them everyone moving out because ist profitable anymore... thanks NM = dead.

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 21, 2011, 12:17:43 AM
#24

Really, shivansps? By making a thread I alone am making the difficulty skyrocket again? Then whose fault was it when the difficulty rose last time?

Also, if you would like to prevent such disparities in the future, you can try to

a) arbitrage the exchange rate down in advance, in case of another discrepancy of difficulty ratio and exchange ratio
b) buy up Namecoins to pay miners so they can continue to hold the hashrate of the current difficulty

I am merely providing the holy free market information, so it can act more rationally and equilibrate. Sorry you happen to dislike it.
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 21, 2011, 01:40:17 AM
#25

The problem is, that was EXACTLY what happen the last time...

a post over here... a lot of ppl moved to mine NC, and send the difficulty from 3500 to 55k... now, after 6 weeks, the difficulty finally decreased, and now is set to go again to 52k in 4 days!... when the dificulty increases again all of those that moved in because of the profit will leave... and again 2 months of low hashrate and high difficulty... if the next difficulty is somewhere near 100k NC is officially dead. Unless the price follows, who i really dont think so.

What you said it should work only if at least 50% of the ppl that moves to NC keep mining after the difficulty increase, but since all those people is just looking for the best profit, it will not.

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 02:11:11 AM
#26

Translation: You have impacted his short term mining scheme and this has amounted to significant sand collecting in his panties.

This is the nature of mining and the more people who get into the NC/BTC guild the more there will be swings until a balance is ultimately worked out and multi-mining becomes a norm. Attempts to keep Namecoin "hush hush" does nothing but delay the inevitable.
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
July 21, 2011, 02:22:49 AM
#27

well perhaps it is about interrupting someone's profit, but the large swings possible because of the long time to readjust difficulty could really leave NMC open to huge vulnerabilities as even more miners move in and out. There should be some sort of 24 hour adjustment period if the "instant difficulty" strays too far from the last difficulty. I agree that "secrecy" isn't the way to fix this problem (and merged mining will fix it, if that goes through) but it is still a problem above and beyond and miners profit concerns because a huge mining exodus leaves the network so vulnerable
grod
Full Member
***
Offline Offline

Activity: 154


View Profile
July 21, 2011, 03:21:43 AM
#28

Here's a thought -- next time difficulty of NMC spikes, stop mining NMC and mine BTC. Then BUY NMC with the BTC you generate instead of subsidizing BTC miners by stubbornly mining NMC at -40% return (yes, people were mining NMC at a .037 exchange when the actual exchange was .025).  Exchange rates equalize or better, people return to mining NMC.  Difficulty keeps going up, and we're off to the pyramid races.

And yeah, the few days a month NMC is more profitable than BTC to mine is not a good time to mine & hoard NMC.  At least it wasn't last time.  Wish I had sold as soon as I mined.
stellan0r
Hero Member
*****
Offline Offline

Activity: 546


Medical Translations for Bitcoins


View Profile
July 21, 2011, 04:50:47 AM
#29

don't forget to mention your 7k buy order at 0.011, as you can't see it drop fast enough Wink

Allgemeine Gesundheitsberatung gegen Bitcoin-Zahlung. Bei Fragen einfach eine PM schicken!
If you want to send a thank you: BTC "1PZJvKvarRviQRQWejpvXW2j4e1xbT8MZb"
minime
Hero Member
*****
Offline Offline

Activity: 588



View Profile
July 21, 2011, 05:45:23 AM
#30

Really, shivansps? By making a thread I alone am making the difficulty skyrocket again? Then whose fault was it when the difficulty rose last time?

Also, if you would like to prevent such disparities in the future, you can try to

a) arbitrage the exchange rate down in advance, in case of another discrepancy of difficulty ratio and exchange ratio
b) buy up Namecoins to pay miners so they can continue to hold the hashrate of the current difficulty

I am merely providing the holy free market information, so it can act more rationally and equilibrate. Sorry you happen to dislike it.

on a free Market the smart survive.... you just shorted your/our profit big time.... smart move...
greetz
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 21, 2011, 06:42:01 AM
#31

Anyway, OP assaulting aside, does anyone know if solo blocks are being orphaned by the big pools? I've solved between 2-3 blocks solo since this morning, and haven't seen any of the coins register in my wallet yet. Considering that blocks are being solved at a fantastic rate (25/hr? roughly) I'd expect that confirmations would be short and sweet.
tysat
Legendary
*
Offline Offline

Activity: 966


Keep it real


View Profile
July 21, 2011, 06:43:57 AM
#32

Anyway, OP assaulting aside, does anyone know if solo blocks are being orphaned by the big pools? I've solved between 2-3 blocks solo since this morning, and haven't seen any of the coins register in my wallet yet. Considering that blocks are being solved at a fantastic rate (25/hr? roughly) I'd expect that confirmations would be short and sweet.

I'd say there's a decent chance of it.  What do you get from 'namecoind listtransactions'?
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 21, 2011, 07:20:52 AM
#33

this is a dissaster, nobody will mine NMC after tomorrow...

yeah really very good move ********, you just killed NMCs.

before the difficulty drop it was at about 15 confirmations/day... after this what??? 1 confirmation/day。?!?!?! fu** y***

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 21, 2011, 07:24:34 AM
#34

Anyway, OP assaulting aside, does anyone know if solo blocks are being orphaned by the big pools? I've solved between 2-3 blocks solo since this morning, and haven't seen any of the coins register in my wallet yet. Considering that blocks are being solved at a fantastic rate (25/hr? roughly) I'd expect that confirmations would be short and sweet.

I'd say there's a decent chance of it.  What do you get from 'namecoind listtransactions'?

Ah good command, wasn't using that before. I guess it just takes a while to confirm, 120 confirmations to mature. 2 Generates and an immature.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 08:02:36 AM
#35

this is a dissaster, nobody will mine NMC after tomorrow...

yeah really very good move ********, you just killed NMCs my two-week mining plan.

Fixed
tysat
Legendary
*
Offline Offline

Activity: 966


Keep it real


View Profile
July 21, 2011, 08:06:18 AM
#36

this is a dissaster, nobody will mine NMC after tomorrow...

yeah really very good move ********, you just killed NMCs my two-week mining plan my 3.5 day mining plan.

Fixed

FTFY
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 21, 2011, 08:30:04 AM
#37

i was mining for 6 weeks at 55k difficulty while you guys dissapear as soon the difficulty increase. And i was miningsince the difficulty was 3500... And i mine Bitcoins at the same time.

You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.

And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks! and i dont need to wait any "special software" for it, i just do it.

We all know that when the difficulty increases again everybody will left, at 100k dif NMC is good as dead. It going to take 3 to 4 months for the dificulty to go down again and for what? for some another id**** to post something like this again and send the difficulty to 2 millons?

yeah, wharever, do as you wish.

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 08:37:27 AM
#38

i was mining for 6 weeks at 55k difficulty while you guys dissapear as soon the difficulty increase. And i was miningsince the difficulty was 3500... And i mine Bitcoins at the same time.

You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.

And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!

We all know that when the difficulty increases again everybody will left...

Welcome to decentralized currency experiments in a free market. If you'd prefer a currency with less "manipulations" (free exchange of decentralized currency generation strategies) I hear there are some lovely fiat systems out there to choose from.
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 08:39:07 AM
#39

i was mining for 6 weeks at 55k difficulty while you guys dissapear as soon the difficulty increase. And i was miningsince the difficulty was 3500... And i mine Bitcoins at the same time.

You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.

And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!

We all know that when the difficulty increases again everybody will left, at 100k dif NMC is good as dead. It going to take 3 to 4 months for the dificulty to go down again and for what? for some another id**** to post something like this again and send the difficulty to 2 millons?

yeah, wharever, do as you wish.
y'know, seeing your response like that really makes me want to use all of my GPUs just to mine NMC, just for the hell of it.

eh, sounds like a good idea.
1.2 gh/s one the way~


awwwwwwwwwwwwww
yeaaaaaaaaaaaaaaaaa







▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 21, 2011, 08:43:17 AM
#40

do it, But dont stop mining after the dificulty change.

Its gona take like a week or more to get the 120 confirmations, it was already taking about 4 days.

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 08:49:57 AM
#41

do it, But dont stop mining after the dificulty change.
i probably gonna mine btc again by then.  Grin

ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Zibbo
Jr. Member
*
Offline Offline

Activity: 59


View Profile
July 21, 2011, 09:20:23 AM
#42

The problem is not the greedy miners trying to make a profit. The problem is in the design of the network that gives "unhealthy" incentives to miners in certain situations (like now with namecoin).

Difficulty should be adjusted much more often than every 2016 blocks. The network would find an equilibrium difficulty level much quicker, and all these problems would go away. There is no technical reason not to do it (that I know of), and the only reason Bitcoin has not suffered from the same problem so far, is the fact that it's always (well past 7 months at least and likely longer) been profitable to mine it.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 09:38:23 AM
#43


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 21, 2011, 09:58:52 AM
#44

nm found it

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Sukrim
Legendary
*
Offline Offline

Activity: 2212


View Profile
July 21, 2011, 10:55:37 AM
#45

All you need to do to keep the Namecoin hash rate high is to BUY namecoins at a (even very slightly) higher price than BTC/NMC difficulty. As long as this gives even 1 US cent more/day than mining BTC, a lot of people will mine NMC instead.

As supply is limited anyways, you can choose to invest (in total) xx USD to keep NMC stable - might even be cheaper than mining yourself ins ome situations.

tl;dr:
To help NMC: Buy them, don't mine them

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Seraphim401
Full Member
***
Offline Offline

Activity: 214


Live Long and Prosper


View Profile
July 21, 2011, 12:45:22 PM
#46


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 21, 2011, 12:47:11 PM
#47


 I found one within an hour with 860 Mh/s.

How do you know when you have found one?

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
talldude
Member
**
Offline Offline

Activity: 76


View Profile
July 21, 2011, 12:55:27 PM
#48

umm...50 coins magically appear in your account.
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
July 21, 2011, 12:56:10 PM
#49

Nice upspike at the exchange rate, now it痴 even more profitable: ~2x more Bitcoins are gained by mining Namecoins at the current exchange rate of 0.027.

Must be heaven for miners. Grin
vivithemage
Member
**
Offline Offline

Activity: 77


View Profile
July 21, 2011, 03:45:34 PM
#50

I don't get it, what's the difference between namecoins and bitcoins?

What is the current market rate of namecoins and who actually takes them for anything?

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
Grinder
Legendary
*
Offline Offline

Activity: 1285


View Profile
July 21, 2011, 04:25:25 PM
#51

I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoin
vivithemage
Member
**
Offline Offline

Activity: 77


View Profile
July 21, 2011, 04:29:29 PM
#52

I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoin

Hilarius ...

If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.

I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 21, 2011, 05:12:46 PM
#53

I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoin

Hilarius ...

If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.

I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.


To Decentralize DNS. currently governments can Seize domain names as they wish (just look at all the torrent sites that have had their domain names taken.)


<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
vivithemage
Member
**
Offline Offline

Activity: 77


View Profile
July 21, 2011, 05:15:11 PM
#54

Yeah, I know about that, but how does this change anything? How is this 'better' then bitcoins?

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 21, 2011, 05:29:43 PM
#55

Yeah, I know about that, but how does this change anything?

The government can't seize your domain, only the namecoin address that owns it can update it.

How is this 'better' then bitcoins?

they work side by side, btc is used to buy stuff from merchants, nmc is used to register domains.  btc chain block validates and keeps track of btc spending, nmc chain block keeps track of currently registered domains.


Or at least that's what I gather from all the reading i have done over the past month or so.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
Grinder
Legendary
*
Offline Offline

Activity: 1285


View Profile
July 21, 2011, 05:43:35 PM
#56

If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.
I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.
If that's what you wanted to know, than that's what you should have asked about. I think the nerd factor is way too high (and that's coming from a guy who links to lmgtfy) and it requires too much work and knowledge for it to hit mainstream, but as long as people pay me more than they do for Bitcoins I'm happy.
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
July 21, 2011, 06:59:40 PM
#57

When I run the getinfo command, here is what I get:

{
    "version" : 32100,
    "balance" : 0.00000000,
    "blocks" : 0,
    "connections" : 2,
    "proxy" : "",
    "generate" : false,
    "genproclimit" : -1,
    "difficulty" : 1.00000000,
    "hashespersec" : 0,
    "testnet" : false,
    "keypoololdest" : 1311272481,
    "paytxfee" : 0.00000000,
    "errors" : ""
}

But a minute later, the "connections" goes down to 0.
Why is that? What's wrong with my setup, or my computer?


And Poclbm/Phoenix can't connect for some reason.


.bitcoin.conf file:

rpcuser=user
rpcpassword=password
rpcport=8321
rpcconnect=127.0.0.1
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
server=1
daemon=1

Poclbm command line:

python ./poclbm.py -d 0 -w 128 -f 30 http://user:password@127.0.0.1:8321

I googled this for the last hour, and can't find a solution.

Thanks,

Matthew
vivithemage
Member
**
Offline Offline

Activity: 77


View Profile
July 21, 2011, 07:05:00 PM
#58

Yeah, I know about that, but how does this change anything?

The government can't seize your domain, only the namecoin address that owns it can update it.

How is this 'better' then bitcoins?

they work side by side, btc is used to buy stuff from merchants, nmc is used to register domains.  btc chain block validates and keeps track of btc spending, nmc chain block keeps track of currently registered domains.


Or at least that's what I gather from all the reading i have done over the past month or so.

Ahhh, thanks. This makes a lot more sense Smiley.

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 07:27:33 PM
#59

how long does it take to verify 2 3 blocks?
one day? four days? a week?

 Angry

*edit.

hah, i got 3 blocks in less than a day.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 21, 2011, 07:52:50 PM
#60


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Damn lucky. I've done about 10k hashes, still no block
_s3v3n_
Member
**
Offline Offline

Activity: 110


View Profile
July 21, 2011, 07:56:34 PM
#61

I followed the instructions on the thread and I've got a couple of questions that I'm sure you know the answer.

1. How can I get a namecoin address?
2. Am I doing this correctly? I launched namecoind.exe by typing "start namecoind.exe" and all i get is a blank screen with a blinking cursor.
3. How would I know I found a block and where does it go (since I don't have a namecoin address).

Thanks in advance guys!

RDD RjBUYX75fvQ1yeSDJPkuB5wU35etvZ9JES
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 21, 2011, 08:00:07 PM
#62


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Damn lucky. I've done about 10k hashes, still no block

ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.

Uhmmm, I'm not sure what you guys are using to define your hashes? A single ati card computes 300,000,000 hashes in a second.
relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 21, 2011, 08:22:22 PM
#63


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Damn lucky. I've done about 10k hashes, still no block

ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.

Uhmmm, I'm not sure what you guys are using to define your hashes? A single ati card computes 300,000,000 hashes in a second.

GUIminer.

It shows the count in the lower left status bar, per GPU



coblee
Donator
Legendary
*
Offline Offline

Activity: 1218


Creator of Litecoin. Director of Eng at Coinbase.


View Profile
July 21, 2011, 08:27:08 PM
#64

So these "difficulty 1 hashes" are the same as shares submitted to a pool. On average you find a block with the number shares equal to the difficulty. So right now, you should find a block for every 23509 "difficulty 1 hashes" on average.

Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 08:43:14 PM
#65

aaaaaaaaaaaannnd i just got my 4th block...with only ~5k hashes total.

okay, i guess i used up all of my luck just to find blocks.  Huh






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 08:45:06 PM
#66


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Damn lucky. I've done about 10k hashes, still no block

Same, all part of the gamble.
evlew
Sr. Member
****
Offline Offline

Activity: 407



View Profile
July 21, 2011, 08:46:22 PM
#67

I just thought you should know I've attributed 2400 mhps to namecoin mining.  I might add another 1200 tonight.  

But I had all the intention to before this thread was ever created.
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 08:50:53 PM
#68


ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining? Shocked

I hate you a little. I am at 3000 hashes thus far without one.
I found one within an hour with 860 Mh/s.

Damn lucky. I've done about 10k hashes, still no block

Same, all part of the gamble.
it's always like that for me, when i do things seriously, i rarely get something meaningful, and when i do it just for shit and giggles...i ended up with something pretty damn good. :/

eh.
4 blocks.
not too bad for a "shit and giggles" plan.







▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 21, 2011, 09:01:38 PM
#69


eh.
4 blocks.
not too bad for a "shit and giggles" plan.



Now you have to wait for confirmations though and I heard that can take quite some time Sad

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 09:04:20 PM
#70

one's halfway done, i assume the rest will be done in 3-4 days, when the difficulty goes waaay up  Tongue

*edit
and i just got my 5th block.

wtf.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 09:06:58 PM
#71

one's halfway done, i assume the rest will be done in 3-4 days, when the difficulty goes waaay up  Tongue

*edit
and i just got my 5th block.

wtf.

How much mhash are you working with?

It would be great if Namecoin mining was bugged. And by "great" I mean "horrible."
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 09:08:27 PM
#72

only 950 for now.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 09:08:34 PM
#73

When I run the getinfo command, here is what I get:

{
    "version" : 32100,
    "balance" : 0.00000000,
    "blocks" : 0,
    "connections" : 2,
    "proxy" : "",
    "generate" : false,
    "genproclimit" : -1,
    "difficulty" : 1.00000000,
    "hashespersec" : 0,
    "testnet" : false,
    "keypoololdest" : 1311272481,
    "paytxfee" : 0.00000000,
    "errors" : ""
}



Should have 16662 blocks.
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 21, 2011, 09:39:49 PM
#74

It its just luck, i have 5 ghash total, 3 to bitcoin and 2 to namecoin, on Namecoin i found about 6 blocks in 2 days when the difficulty was 55k once, but most of the time was 1 per day, 2 max, and there where some time that was 4 days whiout anything, since the difficulty decreased i found a total of 3 blocks so far.

If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?

By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.

You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 21, 2011, 10:02:17 PM
#75

It its just luck, i have 5 ghash total, 3 to bitcoin and 2 to namecoin, on Namecoin i found about 6 blocks in 2 days when the difficulty was 55k once, but most of the time was 1 per day, 2 max, and there where some time that was 4 days whiout anything, since the difficulty decreased i found a total of 3 blocks so far.

If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?

By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.

You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...


The value actually peaked above .04 at one point over the last two or three weeks.
Grinder
Legendary
*
Offline Offline

Activity: 1285


View Profile
July 21, 2011, 10:04:23 PM
#76

But a minute later, the "connections" goes down to 0.
Why is that? What's wrong with my setup, or my computer?
Don't know, but you need to make namecoind connect to other computers and download the block chain before you can connect with miners.
MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 21, 2011, 10:04:45 PM
#77

Difficulty won't go over 94035,92 ...
I read somewhere that Namecoin difficulty can only go 4x up, at a time.

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 21, 2011, 10:07:37 PM
#78

Difficulty won't go over 94035,92 ...
I read somewhere that Namecoin difficulty can only go 4x up, at a time.


Code:
  // Limit adjustment step
    int64 nActualTimespan = pindexLast->GetBlockTime() - pindexFirst->GetBlockTime();
    printf(" nActualTimespan = %"PRI64d" before bounds\n", nActualTimespan);
    if (nActualTimespan < nTargetTimespan/4)
        nActualTimespan = nTargetTimespan/4;
    if (nActualTimespan > nTargetTimespan*4)
        nActualTimespan = nTargetTimespan*4;

Indeed. It's in the C0d3.
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 21, 2011, 10:11:23 PM
#79

29 blocks in the past hour...

http://explorer.dot-bit.org/nbb=30/fromb=0

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 21, 2011, 10:20:26 PM
#80

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 21, 2011, 10:22:53 PM
#81

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.
wait ~6 hrs. it'll show up in getinfo eventually






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 21, 2011, 10:41:34 PM
#82

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 21, 2011, 10:45:09 PM
#83

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 21, 2011, 10:52:35 PM
#84

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?
Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 21, 2011, 10:56:44 PM
#85

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?
Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right

A lot of people mine Bitcoins for profit too, and they don't sell them right away.
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 21, 2011, 11:01:53 PM
#86

A lot? Most people who mine, mine for profit. That is basically the concept behind mining, to generate/accumulate bitcoins to trade for goods/services/whatever. To suggest people are not mining for profit is silly, although I will admit that there are potentially some out there that do it just for the lulz or whatever, in the minority.
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 21, 2011, 11:03:27 PM
#87

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?
Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?
Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right
A lot of people mine Bitcoins for profit too, and they don't sell them right away.
But about buyers: they know there are much more coins mined, why still buying at the same price?

A lot? Most people who mine, mine for profit. That is basically the concept behind mining, to generate/accumulate bitcoins to trade for goods/services/whatever. To suggest people are not mining for profit is silly, although I will admit that there are potentially some out there that do it just for the lulz or whatever, in the minority.
I was meaning mining only for profit
I mine Bitcoins and it's clearly not only for profit

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 21, 2011, 11:35:37 PM
#88

Why is it clearly not for profit? Do you give your bitcoins to charity?

Anywho, man namecoin surpassed even my expectations, 30 coins per hour yowza. Looks like under 2 days to the next difficulty change.
goxed
Legendary
*
Offline Offline

Activity: 1708


Mining hardware dev and reviewer.


View Profile
July 21, 2011, 11:35:52 PM
#89

I saw a huge bump in namecoin mining power in the last 24 hrs at http://www.coinotron.com pool.

Looking to review Bitcoin / Crypto mining Hardware.
relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 21, 2011, 11:56:52 PM
#90

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

same here. about time!
simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 22, 2011, 12:14:10 AM
#91

Hmm.  Solo or Pool.... solo or pool....
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 22, 2011, 12:23:55 AM
#92

Namecoins are now at .029/BTC, up from .02 last night. 50% more profitable to mine.
SteveB
Full Member
***
Offline Offline

Activity: 170


View Profile
July 22, 2011, 12:30:44 AM
#93

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.
Use the 'listtransactions' command.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 22, 2011, 12:41:16 AM
#94

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.
Use the 'listtransactions' command.

Thanks for that. 74 confirmations.
bmgjet
Member
**
Offline Offline

Activity: 98


View Profile
July 22, 2011, 02:03:47 AM
#95

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

Donations to: 1BMGjetfht9XLkGBYR4TSsuXjrYEKACcow
1stbits: 1bmgjet
300MHash/s 6850 http://www.techpowerup.com/gpuz/5u6wr/
Overclocked for 6 years and still strong http://valid.canardpc.com/show_oc.php?id=1931458 & http://valid.canardpc.com/show_oc.php?id=285337
irishmick
Full Member
***
Offline Offline

Activity: 134


View Profile
July 22, 2011, 02:12:55 AM
#96

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

namecoind.exe listtransactions

or

namecoind.exe help

for all possible instructions adjust accordingly ./namecoin  etc... for your operating system.

and not to be a dick but try reading the setup instructions on dot-bit.org next time..

yeah kinda a dick

http://doge.crypto49er.com:9555         http://doge-eu.crypto49er.com:9555
Pool donations: DTPgwgDvyDL3vcnJFf33nkhBm6o2ZxVT6G
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 22, 2011, 02:44:29 AM
#97

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

wrong, namecoins price has jumped up almost by a third since the latest difficulty drop. More profitable than ever.

Sadly my bad luck is starting to crop up even at this difficulty. Haven't seen a coin generate in almost 10 hours Sad
mjoz
Member
**
Offline Offline

Activity: 61


View Profile
July 22, 2011, 02:48:07 AM
#98

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

Who is going to dump namecoins when the new namecoin painful difficulty kicks in it will be months before the next difficulty drop because all these short term namecoin miners are going to switch back to bitcoin.  No one will be mining so namecoins should go up up up  Grin
relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 22, 2011, 03:09:13 AM
#99

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

Who is going to dump namecoins when the new namecoin painful difficulty kicks in it will be months before the next difficulty drop because all these short term namecoin miners are going to switch back to bitcoin.  No one will be mining so namecoins should go up up up  Grin

Not necessarily. Before the diff lowered namecoin value was lower than it is now. There is no guarantee value will go up at higher diff. It's the same with Bitcoin.
JohnDoe
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 22, 2011, 03:14:31 AM

Who is going to dump namecoins when the new namecoin painful difficulty kicks in it will be months before the next difficulty drop because all these short term namecoin miners are going to switch back to bitcoin.  No one will be mining so namecoins should go up up up  Grin

Well in the last cycle they did dump their NMC anyway at below the difficulty rate. That's the reason why we had the slow phase to begin with.
evlew
Sr. Member
****
Offline Offline

Activity: 407



View Profile
July 22, 2011, 03:18:43 AM

edit: started new topic
mjoz
Member
**
Offline Offline

Activity: 61


View Profile
July 22, 2011, 03:20:19 AM

Not necessarily. Before the diff lowered namecoin value was lower than it is now. There is no guarantee value will go up at higher diff. It's the same with Bitcoin.

I am betting that a month or two without any significant amount of nmc generated will put upward pressure on the price.  But you may be right.
tysat
Legendary
*
Offline Offline

Activity: 966


Keep it real


View Profile
July 22, 2011, 03:23:59 AM

Not necessarily. Before the diff lowered namecoin value was lower than it is now. There is no guarantee value will go up at higher diff. It's the same with Bitcoin.

I am betting that a month or two without any significant amount of nmc generated will put upward pressure on the price.  But you may be right.

It went down almost the entire time this happened last time.
grod
Full Member
***
Offline Offline

Activity: 154


View Profile
July 22, 2011, 03:48:50 AM

Exactly right.  The diehard NMC miners were happy to mine at 25-40% discount to bitcoin for many, many weeks before difficulty adjusted.

There's no guarantee it'll shoot back up to an expected .04 btc/nmc exchange to reach parity. You might see the same old same old .033 at best, like we did leading up to the 2 days of profit bonanza.  NMC miners are eager to give away their mining power during the slow times, and who am I to argue?

Last time I got in during a difficulty slump, mined, and did not sell at .6 (the high point during the mining "boom").  I've been sorry ever since.   I did get out at .033, and will try to time my exit during the "slump" once again.  Of course I'll mine for 1-3 days every 6-10 weeks when it's profitable, and not at all when it's simply stupid.

Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 03:55:45 AM

Exactly right.  The diehard NMC miners were happy to mine at 25-40% discount to bitcoin for many, many weeks before difficulty adjusted.

There's no guarantee it'll shoot back up to an expected .04 btc/nmc exchange to reach parity. You might see the same old same old .033 at best, like we did leading up to the 2 days of profit bonanza.  NMC miners are eager to give away their mining power during the slow times, and who am I to argue?

Last time I got in during a difficulty slump, mined, and did not sell at .6 (the high point during the mining "boom").  I've been sorry ever since.   I did get out at .033, and will try to time my exit during the "slump" once again.  Of course I'll mine for 1-3 days every 6-10 weeks when it's profitable, and not at all when it's simply stupid.

Someone has to get through the blocks to keep namecoins alive...

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
grod
Full Member
***
Offline Offline

Activity: 154


View Profile
July 22, 2011, 03:59:15 AM

And here is how that's done.

1. mine bitcoins
2. buy namecoins

Namecoins reach price/difficulty parity with bitcoins (or close enough), and long term stability ensues.

Here is how it's NOT done:

1. mine namecoins regardless of loss
2. subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40

But hey, free money is free money.  I'll take it.
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 04:07:15 AM

you assuming everyone that mines is selling asap...you can not assume we are mining at a loss just because the price during the slow difficulty is low...Just like with my real job I dont spend everything i make as soon as i get paid.  a portion goes into savings/investments.  Holding on to NMC is an investment for me. now NMC may never go up in price like btc did a few months back but you never know it might. and then I will have been mining at more of a profit than you are right now by selling immediately.


But then long term investments take patients, and seems a lot of folks these days don't know what that is.

Example, a year ago BTC was what a dollar? and people were making profit off that, imagine they held on to all the btc they generated for 10-12 months the profit would have increased 13-20 fold (or higher depending on when they caught that market spike)...

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
doublec
Legendary
*
Offline Offline

Activity: 1078


View Profile
July 22, 2011, 04:27:35 AM

you assuming everyone that mines is selling asap...you can not assume we are mining at a loss just because the price during the slow difficulty is low...Just like with my real job I dont spend everything i make as soon as i get paid.  a portion goes into savings/investments.  Holding on to NMC is an investment for me.
grod's point is if you mined bitcoins instead, and bought namecoins with those  bitcoins, you'd end up with more namecoins than if you mined them. In addition the price would rise, helping to reach the magical ratio that causes bitcoin miners to join or leave the network, making the difficulty more likely to be stable.
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 22, 2011, 06:13:36 AM

got my 1st block confirmed, still waiting for the other 4 to even show up on my address.


aw hell.
this is taking too damn long.  Undecided






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 22, 2011, 06:24:18 AM

got my 1st block confirmed, still waiting for the other 4 to even show up on my address.


aw hell.
this is taking too damn long.  Undecided

Yea I've heard a few people query this slow process...not sure where the problem lies though as I've not seen anyone bother to give an answer on it..

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
doublec
Legendary
*
Offline Offline

Activity: 1078


View Profile
July 22, 2011, 06:36:13 AM

Yea I've heard a few people query this slow process...not sure where the problem lies though as I've not seen anyone bother to give an answer on it..
it's the same as bitcoin. It takes 120 confirmation for a block to mature.
bcpokey
Hero Member
*****
Offline Offline

Activity: 602



View Profile
July 22, 2011, 07:14:40 AM

People are just impatient and used to pools with instant payouts. Solo mining is a bit different, and quite frankly it's a lot faster on namecoin due ot the crazy ass high rate of block turnover. 30 blocks / hr = 4 hours to mature. A bitcoin block would likely take 20 hours, if I understand it correctly.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 22, 2011, 07:25:16 AM

That exchange rate is holding nicely despite the mining flood, I'm a tad perplexed.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2464



View Profile
July 22, 2011, 07:54:31 AM


Hoping to see Blitzboom pimping namecoin buying so vigourously as he does for mining when it is more economic to buy than mine.

- lots of instructions how to set-up trading accounts and swap btc for nmc, etc

Current Mining difficulty ratio NMC/BTC: 0.0139
Current exchange rate NMC/BTC: 0.02700700

Sources:

http://dot-bit.org/tools/nextDifficulty.php
https://exchange.bitparking.com/main

末末

How to mine Namecoins?

1. Download and install Namecoin from http://www.namecoin.us/downloads.php

2. Navigate to %appdata%\Namecoin and create "bitcoin.conf" with the following content:

Code:
rpcuser=anything
rpcpassword=anythingelse
rpcport=8336
daemon=1
server=1

3. Start namecoind via commandline

4. Get GUIMiner, create a "solo" mining profile (mining solo is feasible even for single GPUs at difficulty of only 25k) and fill in the data from your bitcoin.conf file

5. Exchange your gathered Namecoins for more Bitcoins than you could have mined directly with the same hardware on https://exchange.bitparking.com/

6. PROFIT

coblee
Donator
Legendary
*
Offline Offline

Activity: 1218


Creator of Litecoin. Director of Eng at Coinbase.


View Profile
July 22, 2011, 10:14:04 AM

That exchange rate is holding nicely despite the mining flood, I'm a tad perplexed.

Same here. People are mining namecoins like crazy... a block every 2 minutes. I'm sure most of these coins are dumped on the exchange to trade for bitcoins. How is the exchange rate rising? Where did all this new demand for namecoins come from?

stellan0r
Hero Member
*****
Offline Offline

Activity: 546


Medical Translations for Bitcoins


View Profile
July 22, 2011, 11:09:19 AM

as soon as the diff rises in 2 days, the theoretical exchange rate would be at 0.0556 (http://dot-bit.org/tools/nextDifficulty.php). even if it doesn't rise that much, you could probably still make profit when you buy now as much as you can and then wait 2-3 weeks to sell.

or the price drops again and you loose a couple of btc Wink

Allgemeine Gesundheitsberatung gegen Bitcoin-Zahlung. Bei Fragen einfach eine PM schicken!
If you want to send a thank you: BTC "1PZJvKvarRviQRQWejpvXW2j4e1xbT8MZb"
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 12:17:07 PM

you assuming everyone that mines is selling asap...you can not assume we are mining at a loss just because the price during the slow difficulty is low...Just like with my real job I dont spend everything i make as soon as i get paid.  a portion goes into savings/investments.  Holding on to NMC is an investment for me.
grod's point is if you mined bitcoins instead, and bought namecoins with those  bitcoins, you'd end up with more namecoins than if you mined them. In addition the price would rise, helping to reach the magical ratio that causes bitcoin miners to join or leave the network, making the difficulty more likely to be stable.

The only problem with that is people STILL have to  mine in order to process blocks to process those buy/sell's on the exchange.  If everyone was buying the nmc instead of mining, then no new blocks would be processed and everything would sit in limbo as unconfirmed and unspendable/tradeable. 


The people who will really be upset about the 120 confirmations will be those who find the last 50-60 blocks in this difficulty, when everyone leaves us at a 90 something thousand difficulty it will probably take a week to confirm your blocks.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
checkmate
Jr. Member
*
Offline Offline

Activity: 57



View Profile
July 22, 2011, 12:26:03 PM

I joined NMC some minutes ago and I really like it!  Cheesy

Donate if you plan to finance a future global-troll

1HJHUvfabpVi3hWUxtJMfmfrktfS8vFCCB
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 22, 2011, 02:04:34 PM

I believe I just found a block. I used 1 5830 doing solo mining for less than 12 hours, so I guess I was lucky? (Now I switched to pool mining). Question is how do I know how many confirmation has already happen with it? It already appeared in my wallet.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
Sukrim
Legendary
*
Offline Offline

Activity: 2212


View Profile
July 22, 2011, 02:18:02 PM

The only problem with that is people STILL have to  mine in order to process blocks to process those buy/sell's on the exchange.  If everyone was buying the nmc instead of mining, then no new blocks would be processed and everything would sit in limbo as unconfirmed and unspendable/tradeable.

The idea is to keep NMC mining as profitable as BTC mining. If the exchange rate is even slightly (let's say 1%) higher than BTC, you can earn 1% more by mining NMC and selling them - something a LOT of people might do and that would be MUCH cheaper for NMC enthusiasts than mining NMC at a 25-40% loss.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
nebiki
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 02:30:34 PM



sup? Smiley

|
 
 
50
|
 




                       ▄
           ▄▄▄▄▄▄███████
▄▄▄▄█████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████

█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
▀▀▀▀█████  █████████████
           ▀▀▀▀▀▀███████
                       ▀
|
 
 
$1,5 M
|



        ▄▄▄█████████▄▄▄
      ▄█████▀▀███▀▀█████▄
    ▄███▀     ███     ▀███▄
   ████       ███       ████
  ███▀                   ▀███
 ███▀                     ▀███
▄██▀       █████████       ▀██▄
███                         ███
███        █████████        ███
███                         ███
▀██▄       █████████       ▄██▀
 ███▄                     ▄███
  ███▄                   ▄███
   ████       ███       ████
    ▀███▄     ███     ▄███▀
      ▀█████▄▄███▄▄█████▀
        ▀▀▀█████████▀▀▀
|
 
|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 03:25:19 PM

as soon as the diff rises in 2 days, the theoretical exchange rate would be at 0.0556 (http://dot-bit.org/tools/nextDifficulty.php). even if it doesn't rise that much, you could probably still make profit when you buy now as much as you can and then wait 2-3 weeks to sell.

or the price drops again and you loose a couple of btc Wink

Yeah the key will be keeping everyone mining and NOT selling until it goes to .0556 or higher...Don't stop mining just because the market hasn't adjusted yet.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 22, 2011, 03:41:45 PM

The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate). The difficulty (or the difficulty change more accurately) will somehow affected by the exchange rate though. Looking at the historical data, it seems namecoin used to traded at 0.1BTC.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
joulesbeef
Sr. Member
****
Offline Offline

Activity: 476


moOo


View Profile
July 22, 2011, 03:45:52 PM

Quote
subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40


have you seen future predictions of the next difficulty.. it is going to take them 80 days to kill that beast.

Quote
The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate


you cant mine dollars.  The point of the price reaching parity is miners going back and forth until it does.


Price isnt reflecting the current difficulty as the current difficulty will only last days.. the price is reflecting futures.. and it looks like the difficulty will rise greatly in a couple of days.

IMO anyways

mooo for rent
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 03:57:06 PM

The exchange rate has little to do with the difficulty

But it does have to do with weather people stay here mining or go back to Bitcoins.  which is related to difficulty and the price they can sell what they mine immediately to the exchange.


(as proven by the recent USD/BTC exchange rate)
You can't use the same comparison, the USD/BTC exchange rate has little effect on the NMC/BTC exchange rate.


The higher difficulty in nmc means that the price HAS to go up for miners to continue mining NMC or they will switch back to BTC to "profit" in the shirt term.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 22, 2011, 04:02:15 PM

Quote
subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40


have you seen future predictions of the next difficulty.. it is going to take them 80 days to kill that beast.

Quote
The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate


you cant mine dollars.  The point of the price reaching parity is miners going back and forth until it does.


Price isnt reflecting the current difficulty as the current difficulty will only last days.. the price is reflecting futures.. and it looks like the difficulty will rise greatly in a couple of days.

IMO anyways

It won't take 80 days. The difficulty can only go up 4x. Get educated. Go to school. Don't do drugs.
talldude
Member
**
Offline Offline

Activity: 76


View Profile
July 22, 2011, 04:15:32 PM

Quote
subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40


have you seen future predictions of the next difficulty.. it is going to take them 80 days to kill that beast.

Quote
The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate


you cant mine dollars.  The point of the price reaching parity is miners going back and forth until it does.


Price isnt reflecting the current difficulty as the current difficulty will only last days.. the price is reflecting futures.. and it looks like the difficulty will rise greatly in a couple of days.

IMO anyways

It won't take 80 days. The difficulty can only go up 4x. Get educated. Go to school. Don't do drugs.

It took nearly a month to finish out difficulty ~50k...if the same thing happens, it's going to take almost double that, or worst case, more people leave than before and it'll take even longer. This will essentially create a NMC shortage during the next difficulty cycle which should cause an increase in the price of NMC.
miningnew
Hero Member
*****
Offline Offline

Activity: 602


Flixxo - Watch, Share, Earn!


View Profile
July 22, 2011, 04:18:16 PM

I am mining namecoin on https://poolmunity.com and it shows me

Estimated earnings:0.58554149

Can this be right Oo??? I am mining with 1,1 Ghash the calculator shows me i am supposed to get 46 a day.

X       ▄▄█████████▄▄
    ▄██▀▀         ▀▀██▄
  ▄██▀              ▀██▄
 ▄██     ██▄▄          ██▄
▄██      █████▄▄        ██▄
██       ████████▄▄      ██
██       ███████████▄    ██
██       ██████████▀     ██
▀██      ███████▀       ██▀
 ▀██     ████▀         ██▀
  ▀██▄   █▀          ▄██▀
    ▀██▄▄         ▄▄██▀
       ▀▀█████████▀▀
.flixxo    X▄████████████████████▄
██████████████████████
██████████████████████
████████████▀▀███████
█████▀████░░░░░░▄████
█████░░░░▀░░░░░▄█████
█████▄░░░░░░░░░░██████
██████░░░░░░░░░███████
███████░░░░░░▄████████
████▄▄░░░░▄▄██████████

██████████████████████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████████▀█▀██████████
██████▀▀▀▀▀████████
██████▄▄░░▄▄▄░░███████
████████░░███░░███████
████████░░░░░░▀███████
████████░░███▄░░██████
██████▀▀░░▀▀▀░░░██████
██████▄▄▄▄▄▄███████
█████████▄█▄██████████

██████████████████████
▀████████████████████▀
X[[]]X
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 22, 2011, 04:19:04 PM

Quote
subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40


have you seen future predictions of the next difficulty.. it is going to take them 80 days to kill that beast.

Quote
The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate


you cant mine dollars.  The point of the price reaching parity is miners going back and forth until it does.


Price isnt reflecting the current difficulty as the current difficulty will only last days.. the price is reflecting futures.. and it looks like the difficulty will rise greatly in a couple of days.

IMO anyways

It won't take 80 days. The difficulty can only go up 4x. Get educated. Go to school. Don't do drugs.

It took nearly a month to finish out difficulty ~50k...if the same thing happens, it's going to take almost double that, or worst case, more people leave than before and it'll take even longer. This will essentially create a NMC shortage during the next difficulty cycle which should cause an increase in the price of NMC.

totally false logic. Why did the price drop when the difficulty at 50K then? As you said, it took a month so it created a namecoin shortage as well.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
talldude
Member
**
Offline Offline

Activity: 76


View Profile
July 22, 2011, 04:27:46 PM


totally false logic. Why did the price drop when the difficulty at 50K then? As you said, it took a month so it created a namecoin shortage as well.

There's two parts to price, supply and demand. Obviously the demand wasn't there, so the price lagged parity with BTC, so people left NMC mining for BTC mining.

Also, you'll see that I said *SHOULD* which is based on the assumption that demand won't fall (probably should have stated this assumption). It's the future, it's uncertain - this is my take on it.
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 22, 2011, 04:34:42 PM

Been mining NM for approx 18 hrs now @ 640 MHash/s - found zip LOL

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
joker060
Jr. Member
*
Offline Offline

Activity: 37


View Profile
July 22, 2011, 04:39:31 PM

Can anyone post a detailed how to on setting up solo mining?

When I start namecoind (on Windows 7) via command prompt it does nothing and says nothing.

pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 22, 2011, 04:42:10 PM


totally false logic. Why did the price drop when the difficulty at 50K then? As you said, it took a month so it created a namecoin shortage as well.

There's two parts to price, supply and demand. Obviously the demand wasn't there, so the price lagged parity with BTC, so people left NMC mining for BTC mining.

Also, you'll see that I said *SHOULD* which is based on the assumption that demand won't fall (probably should have stated this assumption). It's the future, it's uncertain - this is my take on it.

Alright, I buy that. Nobody has the cystal ball but I'm continue selling while mining namecoin (and I could regret tomorrow Smiley

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 22, 2011, 04:44:30 PM

Can anyone post a detailed how to on setting up solo mining?

When I start namecoind (on Windows 7) via command prompt it does nothing and says nothing.

All you have done is start the solo server. You need to setup a miner too.

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
talldude
Member
**
Offline Offline

Activity: 76


View Profile
July 22, 2011, 04:46:08 PM

Can anyone post a detailed how to on setting up solo mining?

When I start namecoind (on Windows 7) via command prompt it does nothing and says nothing.

That's your server window. It will stay blank. Open up a new command prompt to give commands to the server and type in namecoind help for a list of commands.
JohnDoe
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 22, 2011, 04:50:49 PM

The idea is to keep NMC mining as profitable as BTC mining. If the exchange rate is even slightly (let's say 1%) higher than BTC, you can earn 1% more by mining NMC and selling them - something a LOT of people might do and that would be MUCH cheaper for NMC enthusiasts than mining NMC at a 25-40% loss.

That's the idea but I doubt it will happen. The value of NMC would have to rally past .056 by Sunday. If it ends up short even a little then most miners will go back to Bitcoin and probably end up panic selling their remaining NMC. Then the value will hover below the difficulty rate and we'll have a slow ass cycle yet again.

It won't take 80 days. The difficulty can only go up 4x. Get educated. Go to school. Don't do drugs.

How long it takes is completely dependent on how much mining power remains after the retarget. It could take 8 days or 800.
MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 22, 2011, 05:13:52 PM

I just made myself a promise:

When difficulty goes up I leave one GPU mining Namecoins (427Mhash/s @ PoolMunity) to keep the network going.
If 1 out of 10 does that, Namecoin might "survive" this increase quickly.

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 22, 2011, 05:19:05 PM

I just made myself a promise:

When difficulty goes up I leave one GPU mining Namecoins (427Mhash/s @ PoolMunity) to keep the network going.
If 1 out of 10 does that, Namecoin might "survive" this increase quickly.
Good idea, I'm with you with 350Mhps

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
Sukrim
Legendary
*
Offline Offline

Activity: 2212


View Profile
July 22, 2011, 05:22:29 PM

The idea is to keep NMC mining as profitable as BTC mining. If the exchange rate is even slightly (let's say 1%) higher than BTC, you can earn 1% more by mining NMC and selling them - something a LOT of people might do and that would be MUCH cheaper for NMC enthusiasts than mining NMC at a 25-40% loss.
That's the idea but I doubt it will happen. The value of NMC would have to rally past .056 by Sunday. If it ends up short even a little then most miners will go back to Bitcoin and probably end up panic selling their remaining NMC. Then the value will hover below the difficulty rate and we'll have a slow ass cycle yet again.
If BTC are worth slightly more, all you need to do is to mine BTC and buy NMC for 0.0557 instead of 0.0556 BTC a piece, as many as possible and untill difficulty changes (most likely up again).

If all NMC enthusiasts do this, they get far more hash rate for NMC by arbitrage miners + far smaller losses than mining NMC directly. It might even induce another speculative upward swing like what's happening right now, where people are buying NMC like crazy in the hopes that they get worth 0.0556 or more, so you could even make real profits by short term subsidizing NMC mining with a fairly small amount of BTC alltogether.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 05:42:24 PM


If BTC are worth slightly more, all you need to do is to mine BTC and buy NMC for 0.0557 instead of 0.0556 BTC a piece, as many as possible and untill difficulty changes (most likely up again).


people HAVE to still mine NMC or the difficulty will not change, and the transactions will not process...


What is needed is a blend of people speculating on NMC while mining BTC and people mining NMC to process those transactions and get to the next difficulty change, and while mining NOT sell at a loss, but hold out and drive the price to an equilibrium.  Will this happen? we will see.  Once this boom is over, i myself plan to mine with 1/3rd of my mining power in NMC and the other 2/3's in BTC.  And hope that the merged mining project comes to a point it can be implemented.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 22, 2011, 05:57:19 PM


If BTC are worth slightly more, all you need to do is to mine BTC and buy NMC for 0.0557 instead of 0.0556 BTC a piece, as many as possible and untill difficulty changes (most likely up again).


 Once this boom is over, i myself plan to mine with 1/3rd of my mining power in NMC and the other 2/3's in BTC.  And hope that the merged mining project comes to a point it can be implemented.

When merged mining is implemented, Namecoin difficulty will go up so "easy mining" of large amounts is over... I guess it can even be profitable to mine namecoins after the next difficulty increase because it's still "easy" to mine namecoins....

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
relm9
Hero Member
*****
Offline Offline

Activity: 840



View Profile
July 22, 2011, 06:01:19 PM

Been mining NM for approx 18 hrs now @ 640 MHash/s - found zip LOL

Well, average time is 1 day and around 16-17 hours for that hash speed
joker060
Jr. Member
*
Offline Offline

Activity: 37


View Profile
July 22, 2011, 06:20:42 PM

Can anyone post a detailed how to on setting up solo mining?

When I start namecoind (on Windows 7) via command prompt it does nothing and says nothing.

All you have done is start the solo server. You need to setup a miner too.

When i start up Guiminer and point it to localhost (correct port as well) it gives me a error code.  Something along the lines of 801901...

Iyeman
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 22, 2011, 07:09:31 PM

Can anyone post a detailed how to on setting up solo mining?

When I start namecoind (on Windows 7) via command prompt it does nothing and says nothing.

All you have done is start the solo server. You need to setup a miner too.

When i start up Guiminer and point it to localhost (correct port as well) it gives me a error code.  Something along the lines of 801901...

Did you follow all of the steps in the original post? specifically step 2...thats the un/pwd you need to use in the miner.

<

         %%%%%%%%%%(         
      %%%%%%%%%%%%%  %%     
    %%%%%%%%%%%%%%  .%%%%   
   %%%%%%%%        %%%%%%%   
  /%%%%%%           %%%%%%/ 
  %%%%%%(           (%%%%%% 
  %%%%%%(           (%%%%%% 
  ,%%%%%%           %%%%%%, 
   %%%%%%%%       %%%%%%%%   
    %%%%%%%%%%%%%%%%%%%%%   
      %%%%%%%%%%%%%%%%%     
         %%%%%%%%%%%       
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
. OPEN MONEY PLATFORM .
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
{}
>
joker060
Jr. Member
*
Offline Offline

Activity: 37


View Profile
July 22, 2011, 07:19:34 PM

Yes i did all that and it returns me an error of 80190191 and stays at connecting.

forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 22, 2011, 07:55:48 PM

Can I use existing bitcoin mining calculators like http://www.alloscomp.com/bitcoin/calculator.php and just change the difficulty to what namecoin is at now to figure out how much namecoins I can earn by mining ?


--** First Jamaican Bitcoin User **--
1JamaicaYQvsBkvm5JcurQBA9Kz969nsqe
Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 22, 2011, 07:57:49 PM

Can I use existing bitcoin mining calculators like http://www.alloscomp.com/bitcoin/calculator.php and just change the difficulty to what namecoin is at now to figure out how much namecoins I can earn by mining ?


Yes

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 22, 2011, 08:13:34 PM


Well, average time is 1 day and around 16-17 hours for that hash speed

Yea thanks, I guess it has only been 24 hours so far. Maybe when I do hit gold I'll hit a purple patch  Grin

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Kartoff
Full Member
***
Offline Offline

Activity: 177


View Profile
July 22, 2011, 08:21:05 PM

Can I use existing bitcoin mining calculators like http://www.alloscomp.com/bitcoin/calculator.php and just change the difficulty to what namecoin is at now to figure out how much namecoins I can earn by mining ?



Yes you can, but you can try this :  https://poolmunity.com/tools.php  also... It is completed also with actual prices to compare... Thanks to talpan Smiley
forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 22, 2011, 10:07:49 PM

Ok when solo mining, Is it better to run separate namecoind instances or should I push all miners to one local namecoind instance and let them mine through that ?

Especially taking into consideration the whole merkle root thing i heard something about? would each machine running a separate mining instance have a different merkle root ? and is there anyway to be notified when you find a block mining solo ?

--** First Jamaican Bitcoin User **--
1JamaicaYQvsBkvm5JcurQBA9Kz969nsqe
Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
grue
Global Moderator
Legendary
*
Offline Offline

Activity: 2044



View Profile
July 22, 2011, 10:30:35 PM

Ok when solo mining, Is it better to run separate namecoind instances or should I push all miners to one local namecoind instance and let them mine through that ?

Especially taking into consideration the whole merkle root thing i heard something about? would each machine running a separate mining instance have a different merkle root ? and is there anyway to be notified when you find a block mining solo ?
it's pretty much the same.

It is pitch black. You are likely to be eaten by a grue.

Tired of annoying signature ads? Ad block for signatures
shivansps
Sr. Member
****
Offline Offline

Activity: 479


View Profile
July 22, 2011, 10:43:38 PM


If BTC are worth slightly more, all you need to do is to mine BTC and buy NMC for 0.0557 instead of 0.0556 BTC a piece, as many as possible and untill difficulty changes (most likely up again).


 Once this boom is over, i myself plan to mine with 1/3rd of my mining power in NMC and the other 2/3's in BTC.  And hope that the merged mining project comes to a point it can be implemented.

When merged mining is implemented, Namecoin difficulty will go up so "easy mining" of large amounts is over... I guess it can even be profitable to mine namecoins after the next difficulty increase because it's still "easy" to mine namecoins....

I still dont understand what this "merged mining" is...

if people want to mine on both they can... as i do... 3 ghash to bitcoin, 2 to namecoin.

||CanYa Autonomous P2P marketplace of Services
Initial Coin Offering | | Bitcointalk Thread
forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 22, 2011, 10:44:35 PM

Ok when solo mining, Is it better to run separate namecoind instances or should I push all miners to one local namecoind instance and let them mine through that ?

Especially taking into consideration the whole merkle root thing i heard something about? would each machine running a separate mining instance have a different merkle root ? and is there anyway to be notified when you find a block mining solo ?
it's pretty much the same.

Wouldnt it be slightly different lets take for example an extreme case suppose you were still using cpu's to do the mining and each cpu was generating 5mash on its own and you had 100 computers at this point the total output would be 500mhash but if each machine was running a different namecoind instance wouldnt the total power overall be separated? and in essence wouldnt connecting all machines to a single namecoind instance be like running a mini pool basically ??

Thoughts anyone ?

--** First Jamaican Bitcoin User **--
1JamaicaYQvsBkvm5JcurQBA9Kz969nsqe
Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 22, 2011, 10:46:08 PM


If BTC are worth slightly more, all you need to do is to mine BTC and buy NMC for 0.0557 instead of 0.0556 BTC a piece, as many as possible and untill difficulty changes (most likely up again).


 Once this boom is over, i myself plan to mine with 1/3rd of my mining power in NMC and the other 2/3's in BTC.  And hope that the merged mining project comes to a point it can be implemented.

When merged mining is implemented, Namecoin difficulty will go up so "easy mining" of large amounts is over... I guess it can even be profitable to mine namecoins after the next difficulty increase because it's still "easy" to mine namecoins....

I still dont understand what this "merged mining" is...

if people want to mine on both they can... as i do... 3 ghash to bitcoin, 2 to namecoin.

With merged mining you can put the 5Ghash/s on Bitcoin & Namecoin at the same time. Than 5Ghash/s is like 10Ghash/s...

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 22, 2011, 11:10:35 PM

Quick question all.  I was mining in a pool most of yesterday and didn't get much for my efforts, however when I did listtransactions it showed as:

"account" : "",
"address" : "NJc6Vc5xetc
"category" : "receive
"amount" : 3.21000000
"confirmations" : 30,
"txid" : "c764b7ed687etc

"time" : 1311372031



I've switched to solo mining overnight and just found my first block, in listtransactions however it shows as:

"account" : "",
"category" : "immature",
"amount" : 50.01000000,
"confirmations" : 31,
"txid" : "d4e22dddc95a28etc

"time" : 1311371999

The difference being it doesn't show an address. 

Is this normal, and will it just show up at my address when the 120 blocks are confirmed, or have I done something wrong? Smiley
Yannick
Member
**
Offline Offline

Activity: 66



View Profile
July 22, 2011, 11:32:55 PM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 22, 2011, 11:34:13 PM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Has been for me.   I was in the pool for 18 hours and got 15 namecoins.  I've been solo mining for about 10 hours and hit a block of 50.   That said, it's all luck so it could take you 5 days to find one (or 10 minutes) Smiley   I'm also running around 800Mhash.
Yannick
Member
**
Offline Offline

Activity: 66



View Profile
July 22, 2011, 11:39:55 PM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Has been for me.   I was in the pool for 18 hours and got 15 namecoins.  I've been solo mining for about 10 hours and hit a block of 50.   That said, it's all luck so it could take you 5 days to find one (or 10 minutes) Smiley   I'm also running around 800Mhash.

Well, it seems like gambling to me.  Lips sealed I like a steady income, so I'll stick to a pool.  Cheesy

simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 22, 2011, 11:56:00 PM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Has been for me.   I was in the pool for 18 hours and got 15 namecoins.  I've been solo mining for about 10 hours and hit a block of 50.   That said, it's all luck so it could take you 5 days to find one (or 10 minutes) Smiley   I'm also running around 800Mhash.

Well, it seems like gambling to me.  Lips sealed I like a steady income, so I'll stick to a pool.  Cheesy

Sure is Smiley   At the rate I was getting in the pool though, you're better off mining bitcoins.
forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 23, 2011, 12:29:05 AM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Has been for me.   I was in the pool for 18 hours and got 15 namecoins.  I've been solo mining for about 10 hours and hit a block of 50.   That said, it's all luck so it could take you 5 days to find one (or 10 minutes) Smiley   I'm also running around 800Mhash.

Well, it seems like gambling to me.  Lips sealed I like a steady income, so I'll stick to a pool.  Cheesy

Sure is Smiley   At the rate I was getting in the pool though, you're better off mining bitcoins.

Which pool was that ?

--** First Jamaican Bitcoin User **--
1JamaicaYQvsBkvm5JcurQBA9Kz969nsqe
Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
cryptomint
Member
**
Offline Offline

Activity: 61


View Profile
July 23, 2011, 01:04:20 AM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Some things to consider:

  • stale shares, pool vs solo
  • pool connectivity issues
  • pool fees

Luck plays a big factor and variance can be a ruthless beast.

I found 5 blocks in 18 hours
then 0 the next 24 hours with the same hash rate!
nebiki
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 23, 2011, 01:26:46 AM

am i using the right formula?

Quote
time = difficulty * 2**32 / hashrate

divide by time, multiply by hashrate. set time = 120 seconds (that's about the rate atm), difficulty = 23508.

Quote
23508* 2^32 hashes / 120s = 841*10^9 hash/s = 783Ghash/s

that's some sicko network speed.


|
 
 
50
|
 




                       ▄
           ▄▄▄▄▄▄███████
▄▄▄▄█████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████

█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
▀▀▀▀█████  █████████████
           ▀▀▀▀▀▀███████
                       ▀
|
 
 
$1,5 M
|



        ▄▄▄█████████▄▄▄
      ▄█████▀▀███▀▀█████▄
    ▄███▀     ███     ▀███▄
   ████       ███       ████
  ███▀                   ▀███
 ███▀                     ▀███
▄██▀       █████████       ▀██▄
███                         ███
███        █████████        ███
███                         ███
▀██▄       █████████       ▄██▀
 ███▄                     ▄███
  ███▄                   ▄███
   ████       ███       ████
    ▀███▄     ███     ▄███▀
      ▀█████▄▄███▄▄█████▀
        ▀▀▀█████████▀▀▀
|
 
|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 23, 2011, 02:42:56 AM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Some things to consider:

  • stale shares, pool vs solo
  • pool connectivity issues
  • pool fees

Luck plays a big factor and variance can be a ruthless beast.

I found 5 blocks in 18 hours
then 0 the next 24 hours with the same hash rate!
man, i got 5 blocks, only 1 got confirmed until today.

i guess i can assume i lost the other 4.
hah.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 23, 2011, 03:16:35 AM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Has been for me.   I was in the pool for 18 hours and got 15 namecoins.  I've been solo mining for about 10 hours and hit a block of 50.   That said, it's all luck so it could take you 5 days to find one (or 10 minutes) Smiley   I'm also running around 800Mhash.

Well, it seems like gambling to me.  Lips sealed I like a steady income, so I'll stick to a pool.  Cheesy

Sure is Smiley   At the rate I was getting in the pool though, you're better off mining bitcoins.

Which pool was that ?

Coinotron
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 03:30:41 AM

I just have one question: why are there some people still mining BTC now? I think they should all switch to namecoin mining for maximizing profits.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
mjoz
Member
**
Offline Offline

Activity: 61


View Profile
July 23, 2011, 03:52:14 AM

I just have one question: why are there some people still mining BTC now? I think they should all switch to namecoin mining for maximizing profits.

It's only going to last until sometime tomorrow, then the complexity is going to skyrocket.
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 04:06:17 AM

I just have one question: why are there some people still mining BTC now? I think they should all switch to namecoin mining for maximizing profits.

It's only going to last until sometime tomorrow, then the complexity is going to skyrocket.

I know. But it started since 2 days ago. So at least 3 day's solid profit.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
JohnDoe
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 23, 2011, 04:49:47 AM

I know. But it started since 2 days ago. So at least 3 day's solid profit.

If every bitcoin miner had jumped it would have lasted just a few hours.
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259



View Profile
July 23, 2011, 04:55:19 AM

Who is selling and who is holding at the moment? I want some speculation trolls in here.
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 05:14:25 AM

I know. But it started since 2 days ago. So at least 3 day's solid profit.

If every bitcoin miner had jumped it would have lasted just a few hours.

12 hours if just deepbit mines namecoins. Smiley

Personally I feel namecoin is actually better since it has some real value (registering domains), with same full attributes as BTC has. I have to continue to convert it to BTC though as I'm worried the history will repeat, like what happened last time when the difficulty spiked and price fell at the same time.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 23, 2011, 05:16:14 AM

I know. But it started since 2 days ago. So at least 3 day's solid profit.

If every bitcoin miner had jumped it would have lasted just a few hours.

Personally I feel namecoin is actually better since it has some real value (registering domains), with full same attributes as BTC has. I have to continue to convert it to BTC though as I'm worried the history will repeat, like what happened last time when the difficulty spiked and price fell at the same time.

Whoa now, let's not call on the trolls to run in...
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 05:18:30 AM

I know. But it started since 2 days ago. So at least 3 day's solid profit.

If every bitcoin miner had jumped it would have lasted just a few hours.

Personally I feel namecoin is actually better since it has some real value (registering domains), with full same attributes as BTC has. I have to continue to convert it to BTC though as I'm worried the history will repeat, like what happened last time when the difficulty spiked and price fell at the same time.

Whoa now, let's not bring the trolls running in...

Again, it's my personal opinion and you don't have to act like a troll to acknowledge anything. What I do with namecoin is irrelevant to where the market will go.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 23, 2011, 05:23:28 AM

I agree with you. I am saying that there's some people here who invest 100% in Bitcoin and 0 in Namecoin, and this topic makes them feel insecure and sometimes emotional. Just saying it could ruin the thread.
CrazyGuy
Legendary
*
Offline Offline

Activity: 1937



View Profile
July 23, 2011, 05:42:14 AM

Is solo mining NMC more profitable than mining in a pool with 840 Mhash/sec?

Some things to consider:

  • stale shares, pool vs solo
  • pool connectivity issues
  • pool fees

Luck plays a big factor and variance can be a ruthless beast.

I found 5 blocks in 18 hours
then 0 the next 24 hours with the same hash rate!
Same thing here, I'm mining at ~ 780 mh/s and I found 2 blocks in the first hour I started (about 46 hours ago)  I haven't found another one since.  Hopefully my luck will change overnight.  I'd say go for it though. With 24 hours left your chances of finding 2 blocks are the same as finding none. Worst that could happen is you lose a day of mining...

ASICPuppy.net ASIC Mining Hardware and Accessories - 2Pacs in stock!
Starlightbreaker
Legendary
*
Offline Offline

Activity: 1568



View Profile
July 23, 2011, 06:18:27 AM

For now, i decided to pool.

my not so good calculations tells me that i can get around 1 block worth of coins daily, which is not too far off from what i'm getting right now.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

MaGNeT
Legendary
*
Offline Offline

Activity: 1260


Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na


View Profile WWW
July 23, 2011, 07:06:27 AM

Who is selling and who is holding at the moment? I want some speculation trolls in here.

I only sell a small amount of Namecoins to pay for electricity.I keep about 70% of them in my wallet and let them sit there for a year.

Thought about that, electricity for 3-4 days? I'll just keep them...

Think about next year... Merged mining will be the standard, so Namecoin difficulty will be sky high, price may go up 3 times or more...

It will never again be so easy to mine Namecoins as it is now... So I guess keeping them is the best thing to do... I even bought 455 NC as an investment...

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
Grinder
Legendary
*
Offline Offline

Activity: 1285


View Profile
July 23, 2011, 07:17:31 AM

It will never again be so easy to mine Namecoins as it is now... So I guess keeping them is the best thing to do... I even bought 455 NC as an investment...
If you're mining for the namecoins it will be a lot harder, but if you're mining for bitcoins it will be a lot easier. Over all it's the same.
mastergamer
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 23, 2011, 01:49:27 PM

seems like mining namecoins is too high for me.

At first, i dont really understand the system, but that doesnt matter i think.

I try to mine nmc, but iam failing at the early beginning.
i downloaded the .exe file and startet it, but the command line which appears ist only vieable for about 5 sec (black), then it closes itself. I gues this is my first problem?

Then, i createt die namecoin.conf file somewhere in "appdata", iam not sure whether it is right or not, i changed nothing in this file, but i need to fill in my username + password right?
Where can i registrate to get these user datas?

Is there any existing toturial about how to mine/use namecoins?
Xephan
Jr. Member
*
Offline Offline

Activity: 42


View Profile
July 23, 2011, 01:52:55 PM

seems like mining namecoins is too high for me.

At first, i dont really understand the system, but that doesnt matter i think.

I try to mine nmc, but iam failing at the early beginning.
i downloaded the .exe file and startet it, but the command line which appears ist only vieable for about 5 sec (black), then it closes itself. I gues this is my first problem?

Then, i createt die namecoin.conf file somewhere in "appdata", iam not sure whether it is right or not, i changed nothing in this file, but i need to fill in my username + password right?
Where can i registrate to get these user datas?

Is there any existing toturial about how to mine/use namecoins?


It's a command line application so if there's any error you won't be able to see it like that.
What you should do is open a command window, usually typing CMD into your Start menu search box and hitting enter would do.

You should get a black console/command window. Then, I would CD to the correct folder but might get complicated, so just type in the full path to your namecoind.exe to run it and see what's the problem.

186q9YUW3x8TVHC5aYBEqgZZYMxft8Cw9f
jackjack
Legendary
*
Offline Offline

Activity: 1134


May Bitcoin be touched by his Noodly Appendage


View Profile
July 23, 2011, 02:04:45 PM

edited, nvm...

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 23, 2011, 02:07:14 PM

at what block number will namecoin change the next difficulty ? and what is the next difficulty estimate ?? And is there a site to monitor this stuff like something similar to www.bitcoinwatch.com ?

--** First Jamaican Bitcoin User **--
1JamaicaYQvsBkvm5JcurQBA9Kz969nsqe
Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
doublec
Legendary
*
Offline Offline

Activity: 1078


View Profile
July 23, 2011, 02:08:00 PM

at what block number will namecoin change the next difficulty ? and what is the next difficulty estimate ?? And is there a site to monitor this stuff like something similar to www.bitcoinwatch.com ?

http://dot-bit.org/tools/nextDifficulty.php has the answers you seek.
Sukrim
Legendary
*
Offline Offline

Activity: 2212


View Profile
July 23, 2011, 02:08:31 PM

It will never again be so easy to mine Namecoins as it is now... So I guess keeping them is the best thing to do... I even bought 455 NC as an investment...
Hopefully before the difficulty came down.

Seriously, some miners REALLY need to brush up their math here:
If you want NMC:
If the price is HIGHER than the ratio of BTC/NMC difficulty, mine NMC.
If the price is LOWER than the ratio of BTC/NMC difficulty, mine BTC and buy NMC.

If you want BTC, it's the other way 'round.

Unless you really need a big chunk of NMC right now because you want to speculate on prices, there's no point in buying NMC right now, that it's cheaper to mine them than BTC.

If you want many miners in NMC:
Buy NMC at a rate that is slightly higher than the BTC/NMC difficulty, to provide arbitrage opportunity for opportunistic miners. This can even create bubbles like the one right now (where people speculate that the price will go up even more, so they pay nearly double the "calculated" price) that gain momentum on itself.
Mining NMC all the time "to save NMC" is plainly stupid and will not help the system at all, it just creates these 2 months/2 days swings that might get more and more extreme over time.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 02:28:10 PM

It will never again be so easy to mine Namecoins as it is now... So I guess keeping them is the best thing to do... I even bought 455 NC as an investment...
Hopefully before the difficulty came down.

Seriously, some miners REALLY need to brush up their math here:
If you want NMC:
If the price is HIGHER than the ratio of BTC/NMC difficulty, mine NMC.
If the price is LOWER than the ratio of BTC/NMC difficulty, mine BTC and buy NMC.

If you want BTC, it's the other way 'round.

Unless you really need a big chunk of NMC right now because you want to speculate on prices, there's no point in buying NMC right now, that it's cheaper to mine them than BTC.

If you want many miners in NMC:
Buy NMC at a rate that is slightly higher than the BTC/NMC difficulty, to provide arbitrage opportunity for opportunistic miners. This can even create bubbles like the one right now (where people speculate that the price will go up even more, so they pay nearly double the "calculated" price) that gain momentum on itself.
Mining NMC all the time "to save NMC" is plainly stupid and will not help the system at all, it just creates these 2 months/2 days swings that might get more and more extreme over time.


Exactly. I'm happy to sell namecoins I mined to speculators who think the price will go up because of lack of demand (and they could be right actually. nobody knows the future).

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
pbj sammich
Sr. Member
****
Offline Offline

Activity: 272


Fighting Liquid with Liquid


View Profile
July 23, 2011, 03:32:57 PM

so newb question here...

The difficulty is about to go up in a few hours. I am solo mining, and have been working on my block for hours. When the difficulty goes up will I continue to work on the block I am already working on at the old difficulty or does it instantly jump to the new difficulty? Basically trying to figure out if the difficulty jump and I have not finished the current solo block should I just stop my miners and go back to my bitcoin pool...
doublec
Legendary
*
Offline Offline

Activity: 1078


View Profile
July 23, 2011, 03:34:49 PM

The difficulty is about to go up in a few hours. I am solo mining, and have been working on my block for hours. When the difficulty goes up will I continue to work on the block I am already working on at the old difficulty or does it instantly jump to the new difficulty? Basically trying to figure out if the difficulty jump and I have not finished the current solo block should I just stop my miners and go back to my bitcoin pool...
The difficulty goes up on a new block, so yes, your miner will start working at the new difficulty.
pbj sammich
Sr. Member
****
Offline Offline

Activity: 272


Fighting Liquid with Liquid


View Profile
July 23, 2011, 03:36:49 PM

The difficulty is about to go up in a few hours. I am solo mining, and have been working on my block for hours. When the difficulty goes up will I continue to work on the block I am already working on at the old difficulty or does it instantly jump to the new difficulty? Basically trying to figure out if the difficulty jump and I have not finished the current solo block should I just stop my miners and go back to my bitcoin pool...
The difficulty goes up on a new block, so yes, your miner will start working at the new difficulty.

thanks doublec
mastergamer
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 23, 2011, 04:33:28 PM

seems like mining namecoins is too high for me.

At first, i dont really understand the system, but that doesnt matter i think.

I try to mine nmc, but iam failing at the early beginning.
i downloaded the .exe file and startet it, but the command line which appears ist only vieable for about 5 sec (black), then it closes itself. I gues this is my first problem?

Then, i createt die namecoin.conf file somewhere in "appdata", iam not sure whether it is right or not, i changed nothing in this file, but i need to fill in my username + password right?
Where can i registrate to get these user datas?

Is there any existing toturial about how to mine/use namecoins?


It's a command line application so if there's any error you won't be able to see it like that.
What you should do is open a command window, usually typing CMD into your Start menu search box and hitting enter would do.

You should get a black console/command window. Then, I would CD to the correct folder but might get complicated, so just type in the full path to your namecoind.exe to run it and see what's the problem.


of curse ive done it this was, i startet the .exe file over windows 7 command line. It happened exactly the same.

So, iam still at the same point as 5 hours ago.
JohnDoe
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 23, 2011, 04:54:10 PM

Who is selling and who is holding at the moment? I want some speculation trolls in here.

I currently hold 40x more NMC than BTC and thinking about making that gap bigger.
pennytrader
Sr. Member
****
Offline Offline

Activity: 252


View Profile
July 23, 2011, 05:09:03 PM

Who is selling and who is holding at the moment? I want some speculation trolls in here.

I currently hold 40x more NMC than BTC and thinking about making that gap bigger.

The question is what's your average cost? Price ratio of NMC/BTC varies drastically over the last 2 months. Even you mine all the coins, it still matters as you can trade them to maximize the number of coins you hold, given the same hashing power.

Guess nobody is holding USD here? lol

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 23, 2011, 05:09:07 PM

Who is selling and who is holding at the moment? I want some speculation trolls in here.

I currently hold 40x more NMC than BTC and thinking about making that gap bigger.

I have 6.5k namecoins... I think that's enough. I'm not getting rid of them either. They are incubating gold.
Dimsum
Member
**
Offline Offline

Activity: 82


View Profile
July 23, 2011, 05:11:44 PM

the instructions at the beginning seem to be missing something.


How is GUIminer linked to the namecoin exe? There isn't a "create a solo miner" option in GUIMiner. There is a "create solo password" etc.


I think the original author missed a few things in the last few steps. I got the namecoin exe to show up in Windows 7 - but its just blank with a blinking cursor.


I signed up at coinotron pool, put the details into GUIminer (created a new OpenCl miner) - says password/username are wrong.
goxed
Legendary
*
Offline Offline

Activity: 1708


Mining hardware dev and reviewer.


View Profile
July 23, 2011, 05:13:03 PM

I am sure you might have done that already, but there's a help page here
http://coinotron.com/coinotron/AccountServlet?action=help

Did you create your workers already?

Looking to review Bitcoin / Crypto mining Hardware.
miningnew
Hero Member
*****
Offline Offline

Activity: 602


Flixxo - Watch, Share, Earn!


View Profile
July 23, 2011, 05:17:01 PM

Soon it drops from 2x to 0,5x Smiley

X       ▄▄█████████▄▄
    ▄██▀▀         ▀▀██▄
  ▄██▀              ▀██▄
 ▄██     ██▄▄          ██▄
▄██      █████▄▄        ██▄
██       ████████▄▄      ██
██       ███████████▄    ██
██       ██████████▀     ██
▀██      ███████▀       ██▀
 ▀██     ████▀         ██▀
  ▀██▄   █▀          ▄██▀
    ▀██▄▄         ▄▄██▀
       ▀▀█████████▀▀
.flixxo    X▄████████████████████▄
██████████████████████
██████████████████████
████████████▀▀███████
█████▀████░░░░░░▄████
█████░░░░▀░░░░░▄█████
█████▄░░░░░░░░░░██████
██████░░░░░░░░░███████
███████░░░░░░▄████████
████▄▄░░░░▄▄██████████

██████████████████████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████████▀█▀██████████
██████▀▀▀▀▀████████
██████▄▄░░▄▄▄░░███████
████████░░███░░███████
████████░░░░░░▀███████
████████░░███▄░░██████
██████▀▀░░▀▀▀░░░██████
██████▄▄▄▄▄▄███████
█████████▄█▄██████████

██████████████████████
▀████████████████████▀
X[[]]X
mjoz
Member
**
Offline Offline

Activity: 61


View Profile
July 23, 2011, 05:18:47 PM

As we bring this namecoin party to a close, I think it important to thank the little people who toiled away tirelessly to kill the last difficulty.  And though I will be taking my entire 11.5Gbps back to BTC mining, I look forward to the next namecoin party in two or three months.
pennytrader
Sr. Member
****
Offline Offline