Mining Namecoins is now 2x more profitable than Bitcoins

[smoothie]

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

[1714011174]

1714011174

[1714011174]

1714011174

[SteveB]

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  

[forexmasterja]

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.

[Sukrim]

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?

[MaGNeT]

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]

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

Nope nothing is rounded

[nebiki]

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

[Yannick]

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

[jackjack]

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

You spent your amount of luck for at least 3 months, you'd better join a pool

[CydeWeys]

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]

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

[nebiki]

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

You spent your amount of luck for at least 3 months, you'd better join a pool

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

[simonk83]

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

[Iyeman]

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

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.

[molecular]

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

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

[molecular]

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.

[stellan0r]

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

[PcChip]

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

fail.

[marvinmartian]

So, is the party over?

[iopq]

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