hi pls help a noob

[japanfreak]

so i know my hardwere its not that good for mining buit i just need 0.0130 BTC
im mining at 120 Mhash/s
Current shares    Score    Last share at    Mhash/s*
64                     44.8649    7 minutes            76.3549741511
how long will it take me to make 0.0130 BTC?
just pls answer i dont know how  to use bitcoin calculators

[1714610653]

1714610653

[1714610653]

1714610653

[BitCoinDream]

so i know my hardwere its not that good for mining buit i just need 0.0130 BTC
im mining at 120 Mhash/s
Current shares    Score    Last share at    Mhash/s*
64                     44.8649    7 minutes            76.3549741511
how long will it take me to make 0.0130 BTC?
just pls answer i dont know how  to use bitcoin calculators

Considering your hashrate 120Mhash/s, it'll take 4333.33 days at current difficulty to reach 0.0130 BTC.

Source: http://www.bitcoinx.com/profit/

p.s. If difficulty increases, it'll take more time.

[japanfreak]

thx for your fast reply
so i have no chance ha? i dont have control over the difficulty? cant i lower it?

[notlist3d]

https://bitcoinwisdom.com/bitcoin/calculator   Has difficulty changes easily to do.

You can put in the percent if you have a good idea of what it will be.

[valvalis]

thx for your fast reply
so i have no chance ha? i dont have control over the difficulty? cant i lower it?

No, You can't control the difficulty and no one can.
And never mining with that hardware. It cost more for electricity than bitcoin that you can get.
Save the electricity and Earth will thank to you.

[BurtW]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

[thecast]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

[naphto]

It is pointless to mine for years if you need a low amount of btc.
Just buy it...

[BurtW]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

Did you read the thread?  It will take him over 10 years to make that amount of BTC at the current difficulty.  Factor in rising difficulty and it will take forever and a day and waste more in electricity than I care to calculate.

I told him to stop mining because it is the right thing to do.

What is the significance of 2114?  End of the world in your calendar system?

[valvalis]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

I told to stop mining because he just mining with 120 Mhash/s.
If he still want to mining just do with he own risk, because that's not profitable.
I would tell him to mining if he has hardware that can mining with +800GH/s.

[BitCoinDream]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

Did you read the thread?  It will take him over 10 years to make that amount of BTC at the current difficulty.  Factor in rising difficulty and it will take forever and a day and waste more in electricity than I care to calculate.

I told him to stop mining because it is the right thing to do.

What is the significance of 2114?  End of the world in your calendar system?

I think he tried to say 2140, i.e. when the last Bitcoin will be mined.

[BurtW]

What is the significance of 2114?  End of the world in your calendar system?

I think he tried to say 2140, i.e. when the last Bitcoin will be mined.

Ahh yes.  Still not significant because, assuming Bitcoin is still around, there will still be miners and there will still be mining after 2140.  In fact, for the system to survive, transaction fees must start to "take over" paying the miners way before that.  The miners should be making more from transaction fees than from the block subsidy probably some time in 2033 or so.  By the time 2140 rolls around and the subsidy is only 0.00000001 BTC the subsidy will have to be insignificant to the fees.

[Coinhunter32]

so i know my hardwere its not that good for mining buit i just need 0.0130 BTC
im mining at 120 Mhash/s
Current shares    Score    Last share at    Mhash/s*
64                     44.8649    7 minutes            76.3549741511
how long will it take me to make 0.0130 BTC?
just pls answer i dont know how  to use bitcoin calculators

At a current diff. it would take you more than 6 years to make at that hash rate to generate the amount of bitcoin you mentioned.Also diff. rises each day

[odolvlobo]

Also diff. rises each day

The difficulty rises every 10 to 14 days, not every day.

[BitCoinDream]

Also diff. rises each day

The difficulty rises every 10 to 14 days, not every day.

Can someone please explain me in simple terms, that in a distributed system like bitcoin network, how the need to increase difficulty is programmaticaly determined ?

[odolvlobo]

Also diff. rises each day

The difficulty rises every 10 to 14 days, not every day.

Can someone please explain me in simple terms, that in a distributed system like bitcoin network, how the need to increase difficulty is programmaticaly determined ?

The difficulty is recalculated every 2016 blocks based on the amount of time it took to produce the previous 2016 blocks, according to the timestamps.

D_new = D_old x 14 days / actual time for the last 2016 blocks

Since the actual time for the last 2016 blocks is agreed on by everyone, everyone computes the same difficulty value.

[iCrypt]

It's pointless mining with that kind of hardware. You should sell that and use the money to grab some coins IMHO

[ensurance982]

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

Well if people do stop mining, and everyone mining now gets off the boat, so to say, it would become more profitable again, and thus people will always have an incentive to mine. It's a self-regulating system, really

[EFS]

So everyone new gets told to stop mining.
You think the people mining now will mine until 2114?

Did you read the thread?  It will take him over 10 years to make that amount of BTC at the current difficulty.  Factor in rising difficulty and it will take forever and a day and waste more in electricity than I care to calculate.

I told him to stop mining because it is the right thing to do.

What is the significance of 2114?  End of the world in your calendar system?

I think he tried to say 2140, i.e. when the last Bitcoin will be mined.

No, he just put +100 years from now.

Stop mining and buy 0.013 Bitcoin with cash.

[catena5260]

You will have to wait less if you go to games and rounds and do the faucets.

Also will spend less with energy.


I would sell your mining gear, I don't think it is worth anymore.