ramix (OP)
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Activity: 4
Merit: 0
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March 09, 2011, 01:58:28 AM |
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I have be doing something wrong. I setup my Ubuntu 10.10 server VM on my i7 box running ESX 4.1, firewall properly configured, block count accurate and double checked, software updated whenever I get to find a new version, and here are my stats:
"version" : 32002,
"balance" : 0.03000000,
"blocks" : 112804,
"connections" : 42,
"proxy" : "",
"generate" : true,
"genproclimit" : -1,
"difficulty" : 55590.23763914,
"hashespersec" : 2124078,
"testnet" : false,
"keypoololdest" : 1293816129,
"paytxfee" : 0.00000000,
"errors" : ""
The VM has a single core allocated, as it's mostly for testing. I got 0.05 BTC from the fountain before it went dry but I really see no movement. Of course I understand a lot of people out there is mining, but I think after 4 months I should see at least a BTC penny...
Any thoughts?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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BitLex
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March 09, 2011, 02:30:09 AM |
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you'll never see a BTC penny when mining on your own,
you'll either see 50BTC, or none.
if it takes you longer then the next ~100k blocks to create 1 block,
you'll either see 25BTC, or none.
you'll actually only ever see BTC pennies (or anything at your hashrate), if you join a mining-pool.
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Kiv
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March 09, 2011, 02:31:48 AM |
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From the generation calculator here, you may as well not bother with just an i7. At 2 MHash: Average 1301 days, 1 hour, 23 minutes |
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error
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March 09, 2011, 03:03:38 AM |
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From the generation calculator here, you may as well not bother with just an i7. At 2 MHash: Average 1301 days, 1 hour, 23 minutes He's only running on one thread on the i7! Generally CPU mining is worthless; if you REALLY want to do it, join a pool. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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M4v3R
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March 09, 2011, 07:37:35 AM |
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You, sir, just wasted a whole lot of electricity for nothing...
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caveden
Legendary
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Activity: 1106
Merit: 1004
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March 09, 2011, 08:41:07 AM |
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The CPU mining option should be removed from the default client...
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srb123
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March 09, 2011, 08:52:21 AM |
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I left my cpu miner (E8500) going in january by accident, after not generating anything since October. I got 2 blocks in 6 days!
You couldn't even calculate the luck involved in doing that, so I quit while i was 'ahead'.
My advice, cut your loss.
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ramix (OP)
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March 09, 2011, 07:56:41 PM |
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Thanks everybody. This really helps me understand better the reality and current state of the process. As I said, I really did this mostly as a test. My electricity is free any way as I have a fairly large solar installation in my house (more than I need).
I'll start next exploring what I can do using a dedicated computer an a few Tesla cards just for the fun of it. Thanks again!
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riX
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March 09, 2011, 08:18:09 PM |
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Thanks everybody. This really helps me understand better the reality and current state of the process. As I said, I really did this mostly as a test. My electricity is free any way as I have a fairly large solar installation in my house (more than I need).
I'll start next exploring what I can do using a dedicated computer an a few Tesla cards just for the fun of it. Thanks again!
If you have free electricity, you could sell it to people who want to put a mining computer at your place.. Easier than to sell your surplus electricity on the energy market, if that's even possible.. |
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FatherMcGruder
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March 09, 2011, 09:10:58 PM |
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The CPU mining option should be removed from the default client...
I disagree. Why not make it easy to play the lottery? |
Use my Trade Hill referral code: TH-R11519 Check out bitcoinity.org and Ripple. Shameless display of my bitcoin address: 1Hio4bqPUZnhr2SWi4WgsnVU1ph3EkusvH |
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snedie
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March 16, 2011, 12:02:58 AM |
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The CPU mining option should be removed from the default client...
I disagree. Why not make it easy to play the lottery? Because the lottery is $1 each week to play. An entire PC would be considerably more XD |
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FatherMcGruder
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March 16, 2011, 01:48:56 AM |
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Because the lottery is $1 each week to play. An entire PC would be considerably more XD
I already own a computer, and it stays on to seeding torrents. With Bitcoin, you play the lottery every ten minutes, and someone will win every ten minutes. In that way, it's more like a raffle than a lottery. I can't imagine that it costs very much to play for anyone who already has a PC that stays on most of the time. |
Use my Trade Hill referral code: TH-R11519 Check out bitcoinity.org and Ripple. Shameless display of my bitcoin address: 1Hio4bqPUZnhr2SWi4WgsnVU1ph3EkusvH |
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snedie
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March 17, 2011, 05:22:45 PM |
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Because the lottery is $1 each week to play. An entire PC would be considerably more XD
I already own a computer, and it stays on to seeding torrents. With Bitcoin, you play the lottery every ten minutes, and someone will win every ten minutes. In that way, it's more like a raffle than a lottery. I can't imagine that it costs very much to play for anyone who already has a PC that stays on most of the time. Well the fact an i7 CPU can draw 200Watts suggests otherwsie  . But yes if it's just a small CPU drawing 50Watts I suppose it's a good way to make a little money...probably less than the additional electricity costs though. Are you aware that all torrents are been tracked btw? Don't believe me, see the "proof of concept" video here: http://www.youtube.com/watch?v=DZFXKz2NCPc |
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Mahkul
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Every saint has a past. Every sinner has a future.
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March 17, 2011, 05:46:40 PM |
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Just imagine a 80286 or even an XT machine mining bitcoins and finding a block.  |
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TenthReality
Member
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March 17, 2011, 08:48:24 PM |
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Just imagine a 80286 or even an XT machine mining bitcoins and finding a block. I f'd up and had a virtual machine running on a mid-range P3 that was generating and it found a block, I was beyond impressed. 0.4Kh/s. |
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FatherMcGruder
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March 18, 2011, 12:56:17 AM |
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Meh. It's partly a matter of civil disobedience for me. I see no reason why I must use my senses and my labor according to some "intellectual property" holder's terms instead of my own. If you don't want me to experience your creation, keep it a God damn secret. |
Use my Trade Hill referral code: TH-R11519 Check out bitcoinity.org and Ripple. Shameless display of my bitcoin address: 1Hio4bqPUZnhr2SWi4WgsnVU1ph3EkusvH |
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snedie
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March 18, 2011, 10:56:35 AM |
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Meh. It's partly a matter of civil disobedience for me. I see no reason why I must use my senses and my labor according to some "intellectual property" holder's terms instead of my own. If you don't want me to experience your creation, keep it a God damn secret. Haha yer, same opinion man. These TB hard drives don't fill themselves  |
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Anonymous
Guest
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March 18, 2011, 11:33:59 AM |
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Meh. It's partly a matter of civil disobedience for me. I see no reason why I must use my senses and my labor according to some "intellectual property" holder's terms instead of my own. If you don't want me to experience your creation, keep it a God damn secret. Haha yer, same opinion man. These TB hard drives don't fill themselves I wonder when lawyers will start making movies and other content so they can sue the people who download them..... Entrapment ftw. |
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snedie
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March 19, 2011, 12:15:42 PM |
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Meh. It's partly a matter of civil disobedience for me. I see no reason why I must use my senses and my labor according to some "intellectual property" holder's terms instead of my own. If you don't want me to experience your creation, keep it a God damn secret. Haha yer, same opinion man. These TB hard drives don't fill themselves I wonder when lawyers will start making movies and other content so they can sue the people who download them..... Entrapment ftw. I think I would just pirate that shit for the lulz of pissing them off. If I was ever to go "Down" for it, I'd do it in style "UK man found to have £2m of law firm cinematic materials on computer - sentenced for 500 life times inprisonment) |
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Pander
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March 26, 2011, 09:07:43 PM |
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Can the calculater be included in the default client? In that way people that start mining know what to expect.
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