BitCoin / Namecoin question ! | Bitcointalksearch.org

blackvoice

newbie

Activity: 56

Merit: 0

Quote from: Markcus on April 12, 2014, 10:46:31 PM

Hi everyone... I got a quicky question, I am hashing at about 2.8 gh. In my Bitminer profile my bitcoins mined has not moved in 3 days yet the namecoins have go up.... Is this normal ?

PS; With GUIMiner I mine at .0002 bitcoins per day so I know its something to do with Bitminter.

-Thank you to anyone that can answer this.

Markcus

I think it's normal.

Calm down.

Chrithu

full member

Activity: 224

Merit: 100

Ok I had a look at the site and the statistics they provide:

The pool's hashrate is around the 750 TH/s mark.

According to the block statistics solving a block takes them between 10 hours and 4 days as i would expect with only a tenth of the hashing power the big pools provide.

So bitcoin not rising for 3 days while namecoin is rising is a totally normal and expected behaviour for that pool I wouldn't worry.

If the site and client tell you that your mined shares are accepted everything is allright you just have to wait for the next block to be solved and confirmed.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

All I can think of is BTC has a much higher difficulty the NMC so your not producing BTC for that reason. However it could also just be that your having a technical issue. I've never used Bitminter So I'm no authority on the technical aspects of mining there.

Chrithu

full member

Activity: 224

Merit: 100

Quote from: Markcus on April 12, 2014, 10:46:31 PM

Hi everyone... I got a quicky question, I am hashing at about 2.8 gh. In my Bitminer profile my bitcoins mined has not moved in 3 days yet the namecoins have go up.... Is this normal ?

PS; With GUIMiner I mine at .0002 bitcoins per day so I know its something to do with Bitminter.

-Thank you to anyone that can answer this.

Markcus

I am not familiar with bitminter, but if they work like other pools you only get BTC when they succesfully solve and confirm blocks. If the pool is out of luck no BTC are generated and no one get's paid.

Namecoins are solved in parallel and is possible that namecoin blocks are solved and confirmed while no bitcoin blocks are solved. So it is possible to gain namecoin but not bitcoin.

notbatman

legendary

Activity: 2212

Merit: 1038

.bit needs to be quick and easy for NMC to be bullish IMO.

I should note that .bit gives Bitcoin and Bitcoin business the ability to survive the internet being "shut down". http://www.digitaltrends.com/web/u-s-surrendering-control-internet/#!DRi11

my 12 1/2¢

"the sideshow admission was twenty-five cents, two bits, the fourth of a dollar" -- some fuzzy logic

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: ArticMine on April 12, 2014, 11:03:15 PM

If one mines BTC via Bitminter one also gets NMC because of merged mining. Consider this a bonus. I keep my NMC and then when there is a bull market in the BTC/USD rate sell my NMC for BTC.

Smart plan... NMC is way too cheap to sell now.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

If one mines BTC via Bitminter one also gets NMC because of merged mining. Consider this a bonus. I keep my NMC and then when there is a bull market in the BTC/USD rate sell my NMC for BTC.

Markcus

newbie

Activity: 14

Merit: 0

Hi everyone... I got a quicky question, I am hashing at about 2.8 gh. In my Bitminer profile my bitcoins mined has not moved in 3 days yet the namecoins have go up.... Is this normal ?

PS; With GUIMiner I mine at .0002 bitcoins per day so I know its something to do with Bitminter.

-Thank you to anyone that can answer this.

Markcus

Topic: BitCoin / Namecoin question ! (Read 652 times)