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Author Topic: Mining Namecoins is now 2x more profitable than Bitcoins  (Read 54692 times)
CYPER
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July 23, 2011, 06:58:27 PM
 #201

how do you transfer some namecoins? can't find any info

namecoind help for all the options

namecoind help sendtoaddress
sendtoaddress <namecoinaddress> <amount> [comment] [comment-to]
<amount> is a real and is rounded to the nearest 0.01

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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pennytrader
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July 23, 2011, 07:11:06 PM
 #202

Less than 50 blocks left for this difficulty. Counting down...

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July 23, 2011, 07:20:59 PM
 #203

http://dot-bit.org/tools/nextDifficulty.php

For those who need this info and are asking when the next difficulty jump is.

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July 23, 2011, 07:21:39 PM
 #204

Less than 50 blocks left for this difficulty. Counting down...

http://www.youtube.com/watch?v=djZFHTa6TfA
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July 23, 2011, 07:32:10 PM
 #205

Is everyone getting ready to hit those buttons and switch back to Bitcoin ?? Wish I could be at some master control center and see the power shift.

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July 23, 2011, 07:44:51 PM
 #206

You don't need the master control center. Just observe how fast a namecoin block is found using the namecoin blockexplorer. My guess is it'll take some time for people to switch

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July 23, 2011, 07:54:29 PM
 #207

I'm ready. As soon as block 18143 has been found, I will close all my namecoin miners and switch them back to a bitcoin pool. No point in mining at a loss.  Smiley
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July 23, 2011, 08:01:31 PM
 #208

10 blocks to go ......

so that should be do in less than 10 mins.

I'm already throttling up my bitcoin pools to 50%

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July 23, 2011, 08:10:32 PM
 #209

Can someone help me and explain what I am seeing when I look at block explorer?

Let's look at block 18134. In doing so I show my miner working on this block but am I not seeing with the below that 18134 has already been solved?

http://explorer.dot-bit.org/tx/56017

Hash : 8844cca3a133d5146519630e5ece423227bde907f2af61efc27d06ba66aefbb9
Size : 134 bytes
Nb in : 1
Nb out : 1
NMC in : 50
NMC out : 50.02
Fees : 0.02
Block : 18134
Inputs

Num   Value   From address   scriptSig
0   50 + fees       
04a5c9021b015e
Outputs

Num   Value   To address   scriptPubKey
0   50.02   NBPMzsMVqi5AxTmHsJQ5yryRB8qjx7f7Wq   
04d44f48862a456e24fd6a89c8ef564172a969bb50d7c2b866c8c08c1269879ffd71b7ed53c63a1 c9a6416dc3d0639061bda21197890464f66a0da11071f428e95 OP_CHECKSIG
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July 23, 2011, 08:15:27 PM
 #210

Party's over  Sad
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July 23, 2011, 08:17:29 PM
 #211

That was fun!
I will be back when the difficulty goes down again. Cheesy
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July 23, 2011, 08:17:49 PM
 #212

And Its Official I'm out --

Block : 18144
Hash : 0000000000006ba4085dbc5a2e703e424ffe721f2789d10c6c9528bdfb958e18
Time : 23/07/2011 20:14:15

It was a good 2 days NMC see  you in a few months.

P.S.
New difficulty
Last    18144    23/07/2011 20:14    94'037.96    

Time to cash out. Nice thing is i found 2 blocks in the last 2 hours Smiley

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July 23, 2011, 08:20:04 PM
 #213

W00T see this : http://dot-bit.org/tools/nextDifficulty.php   Shocked  Next difficulty : 1'200'484.61  if changed at this moment Smiley

Party maybe is over but i dig 1300 NMC last 3 days Smiley
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July 23, 2011, 08:21:03 PM
 #214

Damn Sad Only got 1 block mining for 3+ days with 750 Mh/s

Oh well.
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July 23, 2011, 08:24:54 PM
 #215

That is one Hell of a difficulty jump... I also only got one block but such is the cruel mistress of variance.
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July 23, 2011, 08:28:27 PM
 #216

W00T see this : http://dot-bit.org/tools/nextDifficulty.php   Shocked  Next difficulty : 1'200'484.61  if changed at this moment Smiley

Party maybe is over but i dig 1300 NMC last 3 days Smiley

Nice !!! How much ghash you running ?

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July 23, 2011, 08:31:58 PM
 #217

W00T see this : http://dot-bit.org/tools/nextDifficulty.php   Shocked  Next difficulty : 1'200'484.61  if changed at this moment Smiley

Party maybe is over but i dig 1300 NMC last 3 days Smiley

Nice !!! How much ghash you running ?

Had 12 Gh/s, but yesterday bought 1x5850... Not too much but...
smoothie
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July 23, 2011, 09:00:47 PM
 #218

Yup party is over. The current block is taking more than 25 minutes. LOL! The next difficulty adjustment may be a while from now unless price goes over 0.0556 or the ratio at the time.

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July 23, 2011, 09:05:34 PM
 #219

Damn Sad Only got 1 block mining for 3+ days with 750 Mh/s

Oh well.

I am mining at about the same rate and got 2 blocks in the first hour then nothing in the past 2 and a half days. Oh well, I guess it could have gone the other way. Still, at the current btc/nmc trade rate that's 2.5 BTC or 5 days of mining BTC.

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July 23, 2011, 09:08:45 PM
 #220

I mined for 2 days @ 640 MHash/s and found nothing. Oh well, hopefully that means my lucks about to change.

Perhaps I should go buy a lotto ticket..

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