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Topic: I am a newbie with bitcoin please help (Read 2401 times)

full member
Activity: 168
Merit: 100
June 23, 2011, 02:32:36 PM
#6
A "pool" is a bunch of people working together to solve blocks (exponentially faster than solo mining)

Here is a step-by-step guide with pictures and everything else needed to get you started when you're ready.
http://bitclockers.com/forums/index.php?topic=3.0

www.Bitclockers.com <-- The pool homepage.

Hope to see you mine with us Smiley
newbie
Activity: 42
Merit: 0
June 23, 2011, 02:26:38 PM
#5
Pretty much the same thing I first did ^  Roll Eyes

Started everything up, waited for coins, nothing -_-

Then I figured out pools Grin
newbie
Activity: 22
Merit: 0
June 23, 2011, 02:22:25 PM
#4
A good place to start understanding mining would be this thread:

http://forum.bitcoin.org/index.php?topic=9430.0

Make sure you understand the concepts of bitcoin before you try to understand mining.

Good Luck!
newbie
Activity: 3
Merit: 0
June 23, 2011, 02:16:53 PM
#3
I am not sure what you mean by what pool? About my statistics, are they good? How much blocks do you need to solve it?

Thank you Smiley
full member
Activity: 168
Merit: 100
June 23, 2011, 02:00:01 PM
#2
As soon as you solve a block you'll get paid!
May I ask what pool you're mining on?
newbie
Activity: 3
Merit: 0
June 23, 2011, 01:17:59 PM
#1
Can you explain what my System statistics mean. Is my system up to par and will I be able to collect coins shortly? Sorry for the silly questions but I must learn.

thank you Smiley


System statistics

Current round started at:   2011-06-23 17:11:08 UTC
Current round duration:   0:02:50
Current shares CDF:   8.07 %
Current Bitcoin block#:   132846
Current server load (60 sec average):   2949 getwork/s
Total score of current round:   99910.8122
Shares contributed in current round:   73851
Approx. cluster performance (30 min average):    1963.082 Ghash/s
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