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Author Topic: Mining Namecoins is now 2x more profitable than Bitcoins  (Read 52549 times)
_s3v3n_
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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
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bcpokey
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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.
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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
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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
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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


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Bitcoin_Silver_Supply
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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
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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.
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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.



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Oldminer
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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
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Starlightbreaker
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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.


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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."
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July 21, 2011, 09:08:27 PM
 #72

only 950 for now.


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Bitcoin_Silver_Supply
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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
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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...

1NEvmZTwLhqBgr3h7LwZap1sEHsyf3QFuv
imperi
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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
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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.
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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.
imperi
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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
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July 21, 2011, 10:11:23 PM
 #79

29 blocks in the past hour...

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

BTC: 1aombYbEyggW4uKuX2VgYBjPMu8yxcYCX
Bitcoin_Silver_Supply
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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.
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