Bitcoin Forum
December 08, 2016, 06:21:49 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   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 52582 times)
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
July 23, 2011, 09:14:28 PM
 #221

I mined for 3 days at 4GH/s and found 7 blocks.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
SteveB
Full Member
***
Offline Offline

Activity: 170


View Profile
July 23, 2011, 09:17:35 PM
 #222

My stats show that in the past 3 days I have found 5 blocks for the namecoin pool I was mining for but only got about 80 NMC from the pool. I was mining at 690 mh/s.
I wish I had gone solo  Sad
forexmasterja
Full Member
***
Offline Offline

Activity: 130



View Profile WWW
July 23, 2011, 09:48:27 PM
 #223

i mined at 3 ghash for 1.5 days and got 4 blocks

In total i mad double what I was earning from bitcoin wish it could have lasted longer.

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

Activity: 1848


View Profile
July 23, 2011, 09:53:06 PM
 #224

The next difficulty adjustment may be a while from now unless price goes over 0.0556 or the ratio at the time.

You'd need to buy ~35000 NMC which would cost a bit above 1000 BTC for that to happen. Doable, but to create a bubble you might have to invest another ~1000 BTC maybe. You would end up with some serious amount of NMC though, so for a true believer maybe not even that out of question. Investing ~30k USD to potentially create a bubble and be able to sell with profit?

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
MaGNeT
Legendary
*
Offline Offline

Activity: 1050


Founder of Orlycoin | O RLY? YA RLY!


View Profile WWW
July 23, 2011, 09:54:54 PM
 #225

I went back to BTC mining again.
But one of my 5870's is still pointed to Namecoin to support the network.

I think we all should do that!
jackjack
Hero Member
*****
Offline Offline

Activity: 882


May Bitcoin be touched by his Noodly Appendage


View Profile
July 23, 2011, 10:01:45 PM
 #226


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

Nope nothing is rounded

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.
nebiki
Full Member
***
Offline Offline

Activity: 154


View Profile
July 23, 2011, 10:03:45 PM
 #227

generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days Smiley

1DWttUPMiDL1ou64SoUriZ29bxdoChjPns
Yannick
Jr. Member
*
Offline Offline

Activity: 59



View Profile
July 23, 2011, 10:04:17 PM
 #228

I mined 3 days @ 800 Mhash/sec and gathered 82 MNC which is 2.3 BTC. Not bad.

jackjack
Hero Member
*****
Offline Offline

Activity: 882


May Bitcoin be touched by his Noodly Appendage


View Profile
July 23, 2011, 10:30:26 PM
 #229

generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days Smiley
You spent your amount of luck for at least 3 months, you'd better join a pool Grin

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.
CydeWeys
Full Member
***
Offline Offline

Activity: 154


View Profile
July 23, 2011, 10:35:51 PM
 #230

It's pretty clear that the alternative blockchain approach that Namecoin is using simply isn't viable, and it's good that they're going for the merged mining approach.  Any non-merged blockchain that has miner compatibility with Bitcoin is going to have short periods of insane mining interest followed by very long periods of unprofitable mining.

Or maybe the solution is just to have better difficulty adjustment rules.  Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks.  That would help even out the swings somewhat.
jackjack
Hero Member
*****
Offline Offline

Activity: 882


May Bitcoin be touched by his Noodly Appendage


View Profile
July 23, 2011, 10:38:16 PM
 #231

Or maybe the solution is just to have better difficulty adjustment rules.  Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks.  That would help even out the swings somewhat.
+1

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.
nebiki
Full Member
***
Offline Offline

Activity: 154


View Profile
July 23, 2011, 10:41:07 PM
 #232

generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days Smiley
You spent your amount of luck for at least 3 months, you'd better join a pool Grin

but it takes too long to get ~35 more coins for a 6990 :<. maybe i am that lucky guy, you never know.

1DWttUPMiDL1ou64SoUriZ29bxdoChjPns
simonk83
Hero Member
*****
Offline Offline

Activity: 896


View Profile
July 24, 2011, 01:11:15 AM
 #233

Got lucky and found 4 blocks in just under 48 hours with 800Mhash.   Unfortunately I wasted a whole day mining in a pool which only got me 15NMC Smiley
Iyeman
Full Member
***
Offline Offline

Activity: 189


View Profile
July 24, 2011, 01:39:59 AM
 #234

Got lucky and found 4 blocks in just under 48 hours with 800Mhash.   Unfortunately I wasted a whole day mining in a pool which only got me 15NMC Smiley

I had the opposite luck, mined in bitparking the entire time, found 2 blocks for the pool and earned 130 nmc.  but i went with a pool because your guaranteed to get payouts, whereas mining solo i could have mined the whole time and not found anything and gotten 0.

BTC: 1aombYbEyggW4uKuX2VgYBjPMu8yxcYCX
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
July 24, 2011, 09:09:32 AM
 #235

generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days Smiley

balls of steel, dude. You're pushing your luck. Go eligius, you'll still see "generated" Wink

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
July 24, 2011, 09:12:07 AM
 #236

It's pretty clear that the alternative blockchain approach that Namecoin is using simply isn't viable, and it's good that they're going for the merged mining approach.  Any non-merged blockchain that has miner compatibility with Bitcoin is going to have short periods of insane mining interest followed by very long periods of unprofitable mining.

Or maybe the solution is just to have better difficulty adjustment rules.  Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks.  That would help even out the swings somewhat.

I like the former route better (merged mining). Any pool planning to offer this starting at block 24000 nmc? I'd definitely use that pool. It means quite some work for pool ops, though, so I assume pickup will be slowish.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
stellan0r
Hero Member
*****
Offline Offline

Activity: 490


Medical Translations for Bitcoins


View Profile
July 24, 2011, 12:17:59 PM
 #237

3 days, 181 NMC (with 1,5ghash/s) - 4.75 BTC. could have made more, though. found 2 blocks soloing, the rest i got at the bitparking pool.

I hope we can keep the networkhashrate at a higher level this time, now it's at about 310ghash/s

Allgemeine Gesundheitsberatung gegen Bitcoin-Zahlung. Bei Fragen einfach eine PM schicken!
If you want to send a thank you: BTC "1PZJvKvarRviQRQWejpvXW2j4e1xbT8MZb" / Doge "DHtN2YEFg1obv2VFps8RwQSL6xL1RRYyXN"
PcChip
Sr. Member
****
Offline Offline

Activity: 294



View Profile
July 24, 2011, 02:16:02 PM
 #238

I spent ~20 hours soloing at 400 Mh/s and found one block, but it is listed as "orphan"

fail.

All rates with Phoenix 1.50 / PhatK
------------------------------------------------------------------------------------------------------------------------------
5850 - 400 MH/s  |  5850 - 355 MH/s | 5830 - 310 MH/s  |  GTX570 - 115 MH/s | 5770 - 210 MH/s | 5770 - 200 MH/s
marvinmartian
Full Member
***
Offline Offline

Activity: 224



View Profile
July 24, 2011, 04:12:14 PM
 #239

So, is the party over?

"... and the geeks shall inherit the earth."
iopq
Hero Member
*****
Offline Offline

Activity: 644


View Profile
July 24, 2011, 04:19:04 PM
 #240

So, is the party over?
been over for a while

but now that the difficulty is high and no one is mining it will take ages for another party

Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!