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pennytrader
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July 27, 2011, 03:28:49 AM |
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I just looked at the stats. It seems 24000 blocks will come at least 2 months later
Block Time Difficulty Ratio
Last 18144 23/07/2011 20:14 94'037.96 x0.26
Instant 18144-18264 27/07/2011 02:00 24'181.19 x0.26
Next 20160 16/09/2011 06:54 24'181.19 x0.26
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please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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sergio
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July 27, 2011, 03:39:21 AM |
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Hi I found the problem it was that the namecoin download I used was actually a bitcoin software mislabeled, I got this time the namecoin software from git clone git://github.com/vinced/namecoin.git
and things are looking fine, it built a daemon called namecoind instead of bitcoind, and it uses a directory for configuration .namecoin instead of .bitcoin.
The download of the blocks seems to take forever to start, how long does it take for namecoin to start downloading the blocks when it is ran for first time?
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CYPER
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July 27, 2011, 03:50:20 AM |
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Hi I found the problem it was that the namecoin download I used was actually a bitcoin software mislabeled, I got this time the namecoin software from git clone git://github.com/vinced/namecoin.git
and things are looking fine, it built a daemon called namecoind instead of bitcoind, and it uses a directory for configuration .namecoin instead of .bitcoin.
The download of the blocks seems to take forever to start, how long does it take for namecoin to start downloading the blocks when it is ran for first time?
The latest version have a bug and doesn't want to download the blockchain. Try v0.3.21.91 |
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checkmate
Newbie
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Activity: 57
Merit: 0
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July 27, 2011, 10:35:41 AM |
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The current difficulty (94k) makes NMC really not worth mining... why still do it??
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 27, 2011, 11:18:29 AM |
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The current difficulty (94k) makes NMC really not worth mining... why still do it??
It is still profitable to mine namecoins, just not insanely profitable for 2 days ... the potential upside for NMC needs to be taken into account when looking forward to future profitability of today's mining also ... dyodd http://tvori.info/bitcoin/charts/ |
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JohnDoe
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July 27, 2011, 03:33:26 PM |
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The latest version have a bug and doesn't want to download the blockchain. Try v0.3.21.91Master branch is fixed according to vinced, haven't tried myself. Sergio, try re-downloading either newest master or v0.3.21.91 and open port 8334. |
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zx9r
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July 27, 2011, 09:07:23 PM |
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The current difficulty (94k) makes NMC really not worth mining... why still do it??
Where do you see current nmc diff is 94k ? According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k Am i missing something ? |
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MaGNeT
Legendary
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Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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July 27, 2011, 09:13:19 PM |
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The current difficulty (94k) makes NMC really not worth mining... why still do it??
Where do you see current nmc diff is 94k ? According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k Am i missing something ? Yup, take a look at "last" for current difficulty. "instant" is the difficulty if it would change right now, based on current hashing power. "next" is the predicted difficulty, after 2016 blocks.  |
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coblee
Donator
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Activity: 1653
Merit: 1286
Creator of Litecoin. Cryptocurrency enthusiast.
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July 27, 2011, 09:14:25 PM |
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The current difficulty (94k) makes NMC really not worth mining... why still do it??
Where do you see current nmc diff is 94k ? According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k Am i missing something ? There's a reason why that site is called nextDifficulty.  Though I do agree that the site is a bit confusing. 21k is the next difficulty. Look at the first row for the current difficulty. |
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zx9r
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July 27, 2011, 10:28:58 PM |
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Aham I see. Thank you guys  |
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jackjack
Legendary
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Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
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July 27, 2011, 10:37:04 PM |
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21k is the next difficulty.
Nope, look at the post just above yours  |
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. |
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coblee
Donator
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Activity: 1653
Merit: 1286
Creator of Litecoin. Cryptocurrency enthusiast.
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July 27, 2011, 10:38:58 PM |
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21k is the next difficulty.
Nope, look at the post just above yours Well, when he checked, it showed 21k. But that was not my point, so I didn't bother fixing that number and confuse the issue. |
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shivansps
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July 28, 2011, 03:13:18 AM |
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Where is the #$%&/() who created this tropic now???
Next 25/09/2011 14:52 23'509.49 x0.25
2 months! there is even less people mining them than before!
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Iyeman
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July 28, 2011, 01:44:01 PM |
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Where is the #$%&/() who created this tropic now???
Next 25/09/2011 14:52 23'509.49 x0.25
2 months! there is even less people mining them than before!
Yeah, it is really sucking when it takes nearly 5 hours for ANYONE on the namecoin network to find a block... 18301 28/07/11 08:56:40 18300 28/07/11 04:06:44 But as BTC gets more difficult to mine and the price of NMC continues to rise we will eventually hit that sweet spot to get to block 24000...hopefully sooner rather than later...Need to get the price to 0.0490 to make it as profitable as BTC after the increase in a few days. |
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MaGNeT
Legendary
Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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July 28, 2011, 03:30:35 PM |
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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting |
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iopq
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July 28, 2011, 04:12:19 PM |
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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting mine bitcoins, go to the exchange and exchange them, it's more profitable |
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MaGNeT
Legendary
Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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July 28, 2011, 05:04:58 PM |
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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting mine bitcoins, go to the exchange and exchange them, it's more profitable True... But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty... I'm buying Namecoins like crazy but without a network, nobody gets them... |
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Iyeman
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July 28, 2011, 05:50:32 PM |
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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting mine bitcoins, go to the exchange and exchange them, it's more profitable True... But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty... I'm buying Namecoins like crazy but without a network, nobody gets them... Exactly what Ive been saying all along. I have about 30% of my little 1.2ghs mining NMC, the rest mining BTC and using it to buy NMC to jack the price up lol. seems to be working so far anyways. Plus if NMC takes off and gains some real value then long term the profitability of mining NMC is better than BTC. To many people looking for immediate return on their investment. |
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iopq
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July 28, 2011, 05:55:33 PM |
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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting mine bitcoins, go to the exchange and exchange them, it's more profitable True... But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty... I'm buying Namecoins like crazy but without a network, nobody gets them... that's because the difficulty rules are retarded, they adjust too slowly |
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Iyeman
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July 29, 2011, 06:55:14 PM |
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and now it will be October before another difficulty change...
Next 20160 12/10/2011
11 blocks in the past 24hrs.
18322 29/07/11 16:43:04
18321 29/07/11 12:51:24
18320 29/07/11 09:08:15
18319 29/07/11 05:26:55
18318 29/07/11 02:09:17
18317 29/07/11 01:43:18
18316 29/07/11 01:39:08
18315 28/07/11 22:53:04
18314 28/07/11 19:08:50
18313 28/07/11 18:07:25
18312 28/07/11 16:59:39
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