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Topic: How long to generate ONE bitcoin???? (Read 52261 times)

member
Activity: 364
Merit: 10
December 17, 2017, 01:54:46 AM
#35
I've had BitCoin installed and running practically 24/7 since July 23rd.  My KHASH/S value is only about 352 - Pentium 4 Dual Core 2.8Ghz w/ 2 GB of RAM.  My Balance of coins has not gone up, even though I've processed 72,110 blocks.

Am I ever going to see a sudden burst of BTC's or will my balance show "one" some time in mid-August??

NuAngel

actually this is very briefly if we have a mining tool like Asic S9 and need about 100 pieces then we will get 1 Bitcoin only with a matter of hours only.but if you follow what you have then it takes a very long time to get 1 bitcoin.
legendary
Activity: 1736
Merit: 1023
FortuneJack - Tesla 3 Giveaway
December 17, 2017, 01:49:05 AM
#34
It all depends upon the users self interest to make an earning through bitcoin as well the mentality one has got in taking risks. With gambling lucky people get one bitcoin even in a single day. The same is possible through trading based on the users knowledge on trading as well the asset he has in the portfolio.
newbie
Activity: 42
Merit: 0
December 17, 2017, 01:45:09 AM
#33
You better get a Mining hardware to make your time worth since you will eventually end up paying your internet and electricity bills. Even if you are in solo or pool mining, for the current difficulty (2.4122720023e+11), you will need at least 12Ph/s to gather a full bitcoin block (12.5 bitcoins) in 24 hours.
legendary
Activity: 1218
Merit: 1007
December 16, 2017, 10:46:52 PM
#32
I've had BitCoin installed and running practically 24/7 since July 23rd.  My KHASH/S value is only about 352 - Pentium 4 Dual Core 2.8Ghz w/ 2 GB of RAM.  My Balance of coins has not gone up, even though I've processed 72,110 blocks.

Am I ever going to see a sudden burst of BTC's or will my balance show "one" some time in mid-August??

NuAngel
With that you're probably never going to see your account balance hit "One" ever. You simply have too small of a hash rate for it to be of value for the network and the ASICs will be beating you in ever single aspect when it comes to mining. You have to get on their level to try and get that one Bitcoin, and it will never be a "burst" of Bitcoin unless you find a block.

In short, you have too little mining power and too little of a chance to make the chances of earning anything significant from your work.

You'll maybe earn a few hundred satoshi with that by mid august.
member
Activity: 123
Merit: 10
December 16, 2017, 10:34:09 PM
#31
Bitcoin isn't about generating coins. It's about trading coins for stuff, so offer some stuff for sale and get some bitcoins that way Once Bitcoin reaches minimal popularity as it did when it was featured on Slashdot, the focus shifts from generating bitcoins to using bitcoins. You can provide goods and services for bitcoins or you can purchase them. You can also receive goods and services for bitcoins or you can sell them.
sr. member
Activity: 546
Merit: 250
November 10, 2017, 08:58:37 AM
#30
To generate a bitcoin will take a very long time, because in Philippines bitcoin has totally averaged 300thousand pesos and thats very big in US Dollars, so it will take a year if you will be a easy go lucky bitcoiner, thats not an easy work.
sr. member
Activity: 1456
Merit: 373
Bitcoin is freedom, Banking is slavery.
November 10, 2017, 08:52:39 AM
#29
This post has been posted 7 years ago and at that span of time, earning bitcoin has been harder. There are many ways it depends on you if what will you use. Maybe joining bounty campaigns, doing online jobs for BTC, gambling, trading etc.
legendary
Activity: 1708
Merit: 1001
November 10, 2017, 08:26:03 AM
#28
Actually its depend on market ,and btc is hardcore system ,my opinion is that btc generated automatically for mining programmes.

Is this a translation error?  Your opinion is irrelevant.
member
Activity: 308
Merit: 13
November 01, 2017, 02:13:23 AM
#27
Actually its depend on market ,and btc is hardcore system ,my opinion is that btc generated automatically for mining programmes.
member
Activity: 196
Merit: 50
OMNI TOKEN PLATFORM FOR PAYMENTS
October 27, 2017, 02:50:51 PM
#26
It depends, there are lots of ways how to get Bitcoin although the value is very high.
Mining - needs good hardware and fast internet to collect Bitcoin.
Trading or exchange - needs good skill to buy and sell tokens or coins.
Bounty campaigns - this you will get bounty or share after certain time or period.
Payment for services you provide (if you prefer Bitcoin as your salary)
And other kinds of Bitcoin generating or rewards.
sr. member
Activity: 630
Merit: 250
December 23, 2010, 09:06:23 PM
#25
Thanks for your tip ricochet, that certainly helps with surfing.. but I was more thinking if I was to use this long time, I would be unable to record even with btc on low priority due to disk reads/writes, either would have to go..

After finding 1 loophole, I have generated 0.29 over my time here, (5 hours) - but to be honest, since I have to do this manually, simply isn't worth it in relation to running costs for me, though I will continue to look into this..

I'm still confused over these 'confirmations' ? Ok, so I got paid, it shows in my balance, why continue to confirm? Have i actually been paid or not? I reckon I'll give this a week of collecting coin before I figure out the good guy's from the bad.. I see people pool the resources and split the profit, and may yet pool my resources, but so far, sign up usually means handing out bank details, something I simply wont do online, but hey, if the monetary system is gonna crash, why would I need a bank accnt? My only online accnt for buying was a paypal I created in '98, and stopped using in 2000 due to dubious practices, so all I would be able to do is buy online? I want a porche, just for a day, let me drive yours, and I'll give you 1 BTC..

sr. member
Activity: 373
Merit: 250
December 23, 2010, 07:27:45 PM
#24
Quick suggestion:  open up Task Manager, go to the Processes tab, right-click whatever program is doing your mining, and give it low priority.  It'll get nearly as much mining done at a time, but will yield control to your web browser when you're loading a page.
sr. member
Activity: 630
Merit: 250
December 23, 2010, 07:13:35 PM
#23
Yeah, I'm pretty interested in Bitcoin myself, though I'm still sceptical about the bit where the monetary system in the real world is indeed finished, and this may be the new currency. Like many people, I simply dont understand it yet, and while it may not be the end of the world, the way things are going in korea may just wipe all electronics completely, what with the North threatening Nuclear attacks.. I'm an electronics engineer who knows what emp pulses do, and I've seen what happens to computers when zapped by them.. Oh boy.. services... I have yet to find a good page where the services offered translate into real world luxuries, like food.. on a local basis.. something my gold has taken much better care of than something that doesn't exist in real world terms. I'm not a gold digger, but keep some around for emergencies, My bad credit rating with the banks is due simply to the fact I never wanted a credit card, so never took one, yet I have to pay for everyone who wouldn't give a damn if I was skint.. ouch..

My btc is now 0.19, and I've only been at this since 8pm uk time, and only generating coin's. I'm using a 2 core E3500.. I use 2gig memory, and have 6x 1tb sata eating up the 750w psu, on a business class 20/756 connection, yet my browser is so slow it's becoming inoperable. Then there's the data cap's being enforced by isp's - this will greatly affect even BTC users, at least the 'noobs' - Like me.. I guess all I'm saying, is if you have no cash left after paying the bills, then, BTC is not a good currency, demanding far more than the papaer I currently use to recod my music.. it's like, I can make £25 and hour recording people, or I can run a program.. paper does not prevent me using my tools, but the p2p side of BTC does..

Finally a suggestion to this forums admins, perhaps a suggestion's page, with the current exchange rate of bux to btc in a text scroller?
sr. member
Activity: 373
Merit: 250
December 23, 2010, 06:16:53 PM
#22
If bit's not for generating free money.. or at least doesn't come up with at least a reasonable offer of some interest,  why would people be INTEREST-ED in running a cpu intensive program that uses more power than everything else, and only pays out if your in a pool, that has clearly shown does NOT always forward payments, at least from what I've read here so far..

It's just a currency, man.  Like putting funds into a Paypal account.  You certainly don't have to run the generator if you don't want to donate the CPU time to it - just use the client to make transactions.

The primary purpose of Bitcoins isn't to MAKE money; it IS money, just in a different form.  The whole generation thing is only to distribute the initial population of coins.  Personally I'm of the opinion that if I had learned about it earlier, I could have made some decent money with the coins that are now worth more than they did months/years ago, but generation is too difficult now for that to be economically feasible for my single-computer setup.  Oh well, kinda sucks, but it's not the end of the world and I can still use the currency just fine.
sr. member
Activity: 630
Merit: 250
December 23, 2010, 06:00:45 PM
#21
Um, just surmising that the average pc comes supplied with a 450w psu, not only to supply the psu, but the whole computer.. and yes, my pc is a boiler running a recording studio..
 
wake up to why I'm reading in these threads that new idea's are sought.. How much per month does your isp bill you, and on top of that, isn't there data caps?

And to top it off, the more users that back this, the more devalued the BTC becomes? some hope when the reality bites..

A bloody good idea is getting the ISP's behind this..

If bit's not for generating free money.. or at least doesn't come up with at least a reasonable offer of some interest,  why would people be INTEREST-ED in running a cpu intensive program that uses more power than everything else, and only pays out if your in a pool, that has clearly shown does NOT always forward payments, at least from what I've read here so far..

Maybe Macdonalds will fill our bellies while we pay the bills to generate what?
hero member
Activity: 532
Merit: 501
December 23, 2010, 05:18:15 PM
#20
Quote
Lets see, an average psu at 450w - receives 1 unit (btc) every 2 years?
what's an average PSU?
with 450W you can easily power a HD5970, or 2 HD5850, which will not receive 1 unit (btc) every 2 years, but receive ~50 units a day, quite a difference, isnt it?

and besides the fact, that generating bitcoin-blocks on CPUs isn't profitable at all,
if you need 450W to power a CPU, something is very wrong on your setup.

sr. member
Activity: 630
Merit: 250
December 23, 2010, 04:42:45 PM
#19
Well, my first post, yes, I'm a nooob at this.. but in 2 hours, I have received 0.1 btc.. oh boy.. so this is like, say apparently equal to the electricity consumed for generation? Lets see, an average psu at 450w - receives 1 unit (btc) every 2 years? We pay at least 1000 units a year for leccy.. perhaps I'm missing something here.. Banks rely on people having their money in their accounts, as Bitcoin relies on the cpu pwr of you and I..

My first test of how much I could generate was 1 coin every 2 years..

A weakness in your system means if I wanted to put the time in, I could generate around 1 coin PER DAY.

My 0.1 was generated in less than an hour.

Disclosure fee: 50.00 BTC - is that 2 expensive?

I have read a few post's regarding how btc may be worth 1000 dollars one day..

Haha..

For me it looks like this.. The US has a brain that has yet to catch up with the fact it's already dead, as the rest of the world buy's Gold or Silver.. Forgive me here, I'm not flaming the US, but their time is over, and the bigger they are, the harder they fall.. and if BITCOIN has NO isp prepared to accept bitcoin as paymnet for access, then when the monetary system fails in the next year or 2 (max), then so will bitcoin, for with no cash, isp's cut connections, and I cant see them accepting nothing for the very connection all these new digi-millionaires require.. they will want the cash, or the gold.

These my first thought's, but I am alway's open to change, as much as this editor needs one.. the window wont let me see whats being typed now, so I'll ask my questions in another post, in the hope of seeing what I'm writing.. IE8 bug, or 2 simple machine, who knows..

 




full member
Activity: 175
Merit: 101
December 21, 2010, 07:49:51 AM
#18

One day bitcoins will be worth 1000 dollars each.

Using the bitcoin system will probably be illegal far before we reach this point :-/
hero member
Activity: 683
Merit: 500
December 21, 2010, 07:36:51 AM
#17
If I open a bank account, I don't expect the bank to expect me to run a piece of software
We also don't expect you to run a piece of software: https://www.mybitcoin.com

btw my girlfriend needs to run a program to view her bank account, it is an online only bank account and requires you to install a piece of software to log in. So yes, some banks require you to install a piece of software to view you account or make transactions.
full member
Activity: 308
Merit: 100
December 20, 2010, 04:59:04 PM
#16
Fuck for a commie these people are stupid I hope they realize they are the early adopters.
One day bitcoins will be worth 1000 dollars each. Then they can cry that they don't have any and they don't wanna work or do things to get some. Till then I hope these idiots don't dry up the faucet and delete their wallet.dat.
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