20 blocks accepted... where's my bitcoins?

pyrohydrosmok

newbie

Activity: 13

Merit: 0

Quote from: tomcollins on April 10, 2011, 06:16:33 PM

Quote from: pyrohydrosmok on April 09, 2011, 07:07:37 PM

With how long it takes to mine, the cost of electricity... Bitcoins should far exceed real currency in value. I can easily work a minimum wage job for less hours and make 50$.. But to make 50 bitcoins?! Jesus Christ...

I didn't know you were actually calculating the hashes manually. Most people just hook up a computer and let it run.

har har har. Well played sir.

tomcollins

full member

Activity: 182

Merit: 101

Quote from: pyrohydrosmok on April 09, 2011, 07:07:37 PM

With how long it takes to mine, the cost of electricity... Bitcoins should far exceed real currency in value. I can easily work a minimum wage job for less hours and make 50$.. But to make 50 bitcoins?! Jesus Christ...

I didn't know you were actually calculating the hashes manually. Most people just hook up a computer and let it run.

Jim Hyslop

member

Activity: 98

Merit: 20

Oh, and congratulations on your 50BTC.

Jim Hyslop

member

Activity: 98

Merit: 20

Quote from: Miner-TE on April 09, 2011, 07:00:12 PM

The miner software computes hashes at a lower difficulty than required for a block. This is probably what your seeing. If you were pool mining, these would be shares.

No, solo mining does not have that concept at all. There's one difficulty and one difficulty only - the one that matters to make it into the block chain.

pyrohydrosmok, mined blocks do not show up in your wallet until they are buried under 100 other blocks. That's to prevent them being spent in case the block chain splits, and your block ends up NOT being the one chosen by the network for the chain. Give it another 13 hours or so, and then it should appear in your wallet.

[Tycho]

hero member

Activity: 742

Merit: 500

Quote from: pyrohydrosmok on April 09, 2011, 07:07:37 PM

With how long it takes to mine, the cost of electricity... Bitcoins should far exceed real currency in value. I can easily work a minimum wage job for less hours and make 50$.. But to make 50 bitcoins?! Jesus Christ...

That's because you'll need a modern GPU for fast mining. Using CPU is pointless with current difficulty.

pyrohydrosmok

newbie

Activity: 13

Merit: 0

With how long it takes to mine, the cost of electricity... Bitcoins should far exceed real currency in value. I can easily work a minimum wage job for less hours and make 50$.. But to make 50 bitcoins?! Jesus Christ...

Reto

newbie

Activity: 101

Merit: 0

Quote from: Miner-TE on April 09, 2011, 07:03:01 PM

Quote from: pyrohydrosmok on April 09, 2011, 07:00:57 PM

ffffffffffffffffffffffffffffffffuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

Nice.

xD

Yeah, shares are different from blocks. A share is a certain amount of work you send to a pool, which gives you a proportional reward in return. But when you're solo mining, you only get a reward if you actually find a block, and the probability of doing so is extremely low.

Miner-TE

hero member

Activity: 499

Merit: 500

Quote from: pyrohydrosmok on April 09, 2011, 07:00:57 PM

ffffffffffffffffffffffffffffffffuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

Nice.

pyrohydrosmok

newbie

Activity: 13

Merit: 0

ffffffffffffffffffffffffffffffffuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

Miner-TE

hero member

Activity: 499

Merit: 500

The miner software computes hashes at a lower difficulty than required for a block. This is probably what your seeing. If you were pool mining, these would be shares. These lower difficulty shares could be a solution to the higher difficulty required for a block.

If you do solve a block, You will see 50 BTC in your local Bitcoin client.

pyrohydrosmok

newbie

Activity: 13

Merit: 0

solo.

Miner-TE

hero member

Activity: 499

Merit: 500

You might be confusing shares with blocks. Where are you mining? Pool or solo?

pyrohydrosmok

newbie

Activity: 13

Merit: 0

miner shows accepted... but uhhh.... I've not received any bit coins... am I missing something?

Topic: 20 blocks accepted... where's my bitcoins? (Read 6283 times)