Mining Namecoins is now 2x more profitable than Bitcoins

[CYPER]

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

[pennytrader]

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

[sabe]

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

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

[Bitcoin_Silver_Supply]

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

http://www.youtube.com/watch?v=djZFHTa6TfA

[forexmasterja]

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.

[pennytrader]

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

[SteveB]

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.  

[forexmasterja]

10 blocks to go ......

so that should be do in less than 10 mins.

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

[JBDive]

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

[mjoz]

Party's over 

[SteveB]

That was fun!
I will be back when the difficulty goes down again.

[forexmasterja]

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

[Kartoff]

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

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

[relm9]

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

Oh well.

[Bitcoin_Silver_Supply]

That is one Hell of a difficulty jump... I also only got one block but such is the cruel mistress of variance.

[forexmasterja]

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

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

Nice !!! How much ghash you running ?

[Kartoff]

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

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

Nice !!! How much ghash you running ?

Had 12 Gh/s, but yesterday bought 1x5850... Not too much but...

[smoothie]

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.

[CrazyGuy]

Damn 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.

[Oldminer]

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..