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Author Topic: Is it supposed to take this long to generate some "phat coin"?  (Read 4374 times)
jemenake
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July 22, 2010, 06:28:16 PM
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So, I've got the BC client running on my PC for about 2 weeks now.... with ZERO bitcoins to show for it.

The FAQ says that, after I get all of the blocks from the network, "Your average coin creation rate will be (6 * 50 coins / hour) * (your CPU speed / the total CPU speed in the Bitcoin network). At the moment (June 2010) it might be something like 50 coins / day, for example."

Well, I checked the wiki and my clock count matches the count they have there (69649). And the 50 coins / day is a figure that was given for just a month ago.

Right now, I'm doing about 400 khash/s, and I've yet to see a single coin.

Ideas?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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bittechconsulting
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July 22, 2010, 06:30:28 PM
 #2

The difficulty of generating coins has increased dramatically in the last month; keep waiting.
aceat64
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July 22, 2010, 06:33:29 PM
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The difficulty for generating a block has gone up, it's currently at 181 when it was as low as 23 a few weeks ago. Check out this page for help in calculating your probability of generating a block:
http://www.alloscomp.com/bitcoin/calculator.php

Keep in mind that block generation is a lottery, each hash you compute is a "ticket", so the faster you generate hashes the more chances you have to win the lottery. For instance, I have a desktop at home that can do about 1600 khash, I ran bitcoin for 3 hours and generated a block, however my desktop at work has been running bitcoin for days with no blocks generated.
Quantumplation
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July 22, 2010, 06:35:54 PM
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There's some douche who's got 1000 cores crunching through hashes, so all of us are kind of left out to dry for now. =P
kiba
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July 22, 2010, 06:39:43 PM
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There's some douche who's got 1000 cores crunching through hashes, so all of us are kind of left out to dry for now. =P

More incentive for us to create wealth generating services so we can get bitcoins from others.  Grin

Quantumplation
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July 22, 2010, 06:40:49 PM
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Kiba: Indeed.  *Cracks whip*
ichi
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July 22, 2010, 07:13:26 PM
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There's some douche who's got 1000 cores crunching through hashes, so all of us are kind of left out to dry for now. =P
Do we know who this is?  Academic?  Botnet?  NSA?  Chinese hackers?

What are they doing, other than generating most of the BTC?

Edit:  OK, I get that it's nenolod.  So, who's nenolod?

Edit2:  OK, I see that he's the technical director of SystemInPlace.

Unfortunately, they're a US-based company, or I'd consider using them.
kiba
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July 22, 2010, 07:16:01 PM
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There's some douche who's got 1000 cores crunching through hashes, so all of us are kind of left out to dry for now. =P
Do we know who this is?  Academic?  Botnet?  NSA?  Chinese hackers?

What are they doing, other than generating most of the BTC?

http://bitcointalk.org/index.php?topic=431.0

Babylon
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July 22, 2010, 07:58:42 PM
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There's some douche who's got 1000 cores crunching through hashes, so all of us are kind of left out to dry for now. =P
Do we know who this is?  Academic?  Botnet?  NSA?  Chinese hackers?

What are they doing, other than generating most of the BTC?

Edit:  OK, I get that it's nenolod.  So, who's nenolod?

Edit2:  OK, I see that he's the technical director of SystemInPlace.

Unfortunately, they're a US-based company, or I'd consider using them.

I wouldn't.  The guy uses servers he's rented to other people to generate bitcoins.  If I have paid for a server I want all of the cores doing what I want.
ichi
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July 22, 2010, 08:18:01 PM
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Hmmm.  If you're right, he's taking a risk to disclose that here.  Not that I'm vindictive, or anything  Wink
Quantumplation
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July 22, 2010, 08:19:14 PM
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He claims he isn't using his employers resources, but *shrug*.
Babylon
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July 22, 2010, 08:24:54 PM
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He claims he isn't using his employers resources, but *shrug*.

Yeah, I saw that after I posted.  I was under the impression he owned the company, which would mean they are his resources.  Just having 1000 spare cores at home is kinda crazy, but I guess someone realy dedicated to computers might.
Quantumplation
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July 22, 2010, 08:27:15 PM
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Or he might have been using Amazon Cloud services (Or microsofts, or IBM's for that matter).

Or, his employer might give him a bunch of virtual machines to work/experiment with (thus, 1000 cores isn't that big of a claim, considering you can have a bunch of low-quality cores).
Quantumplation
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July 23, 2010, 01:57:52 AM
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*shrug* Who says he isn't some rich snob willing to waste money? =P
ichi
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July 23, 2010, 02:46:04 AM
 #15

He claims that it cost just $130 in expenses.  Let's see -- paying $130 to use 1,000 CPUs for 168 hours implies $0.0008 per CPU per hour.  That's a very good price, I believe  Wink
Ground Loop
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July 23, 2010, 07:11:07 PM
 #16

I'm either facing the losing side of the statistics, or doing it wrong.
It's been four days since I've seen fresh coin, and I'm running 7200 khash/sec (aggregate).

That puts me over 95% percentile.
I'll stay away from Vegas this weekend.

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FreeMoney
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July 23, 2010, 07:23:48 PM
 #17


That puts me over 95% percentile.
I'll stay away from Vegas this weekend.


That's silly logic, it'll even out.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Quantumplation
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July 23, 2010, 07:33:01 PM
 #18

Yea, we still haven't gotten easier since nenold withdrew his 1000 cores.
knightmb
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July 23, 2010, 07:58:28 PM
 #19

Yea, we still haven't gotten easier since nenold withdrew his 1000 cores.
That's because he never had them to begin with. Mainly because there are some members on this forum that have triple his claimed resources and they know how much he should be really generating if he did have that setup going for that long.

Quantumplation
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July 23, 2010, 08:13:00 PM
 #20

Yea, we still haven't gotten easier since nenold withdrew his 1000 cores.
That's because he never had them to begin with. Mainly because there are some members on this forum that have triple his claimed resources and they know how much he should be really generating if he did have that setup going for that long.

No, he had something.  Otherwise the difficulty wouldn't have increased so significantly.
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