Mining Namecoins is now 2x more profitable than Bitcoins - page 16.

bcpokey

hero member

Activity: 602

Merit: 500

Quote from: bmgjet on July 21, 2011, 09:03:47 PM

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

wrong, namecoins price has jumped up almost by a third since the latest difficulty drop. More profitable than ever.

Sadly my bad luck is starting to crop up even at this difficulty. Haven't seen a coin generate in almost 10 hours Sad

irishmick

full member

Activity: 134

Merit: 100

Quote from: Bitcoin_Silver_Supply on July 21, 2011, 05:20:26 PM

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

namecoind.exe listtransactions

or

namecoind.exe help

for all possible instructions adjust accordingly ./namecoin etc... for your operating system.

and not to be a dick but try reading the setup instructions on dot-bit.org next time..

yeah kinda a dick

bmgjet

member

Activity: 98

Merit: 10

Any one that jumps to namecoins now will be disappointed.
A lot of people have changed to them so the market will get flooded soon and there price will come right down while pushing bitcoins price up.

Bitcoin_Silver_Supply

sr. member

Activity: 258

Merit: 250

Quote from: SteveB on July 21, 2011, 07:30:44 PM

Quote from: Bitcoin_Silver_Supply on July 21, 2011, 05:20:26 PM

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

Use the 'listtransactions' command.

Thanks for that. 74 confirmations.

SteveB

full member

Activity: 170

Merit: 100

Quote from: Bitcoin_Silver_Supply on July 21, 2011, 05:20:26 PM

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

Use the 'listtransactions' command.

imperi

full member

Activity: 196

Merit: 101

Namecoins are now at .029/BTC, up from .02 last night. 50% more profitable to mine.

simonk83

hero member

Activity: 798

Merit: 1000

Hmm. Solo or Pool.... solo or pool....

relm9

hero member

Activity: 840

Merit: 1000

Quote from: Bitcoin_Silver_Supply on July 21, 2011, 05:20:26 PM

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

same here. about time!

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

I saw a huge bump in namecoin mining power in the last 24 hrs at http://www.coinotron.com pool.

bcpokey

hero member

Activity: 602

Merit: 500

Why is it clearly not for profit? Do you give your bitcoins to charity?

Anywho, man namecoin surpassed even my expectations, 30 coins per hour yowza. Looks like under 2 days to the next difficulty change.

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Quote from: imperi on July 21, 2011, 05:56:44 PM

Quote from: jackjack on July 21, 2011, 05:52:35 PM

Quote from: imperi on July 21, 2011, 05:45:09 PM

Quote from: jackjack on July 21, 2011, 05:41:34 PM

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?

Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right

A lot of people mine Bitcoins for profit too, and they don't sell them right away.

But about buyers: they know there are much more coins mined, why still buying at the same price?

Quote from: bcpokey on July 21, 2011, 06:01:53 PM

A lot? Most people who mine, mine for profit. That is basically the concept behind mining, to generate/accumulate bitcoins to trade for goods/services/whatever. To suggest people are not mining for profit is silly, although I will admit that there are potentially some out there that do it just for the lulz or whatever, in the minority.

I was meaning mining only for profit
I mine Bitcoins and it's clearly not only for profit

bcpokey

hero member

Activity: 602

Merit: 500

A lot? Most people who mine, mine for profit. That is basically the concept behind mining, to generate/accumulate bitcoins to trade for goods/services/whatever. To suggest people are not mining for profit is silly, although I will admit that there are potentially some out there that do it just for the lulz or whatever, in the minority.

imperi

full member

Activity: 196

Merit: 101

Quote from: jackjack on July 21, 2011, 05:52:35 PM

Quote from: imperi on July 21, 2011, 05:45:09 PM

Quote from: jackjack on July 21, 2011, 05:41:34 PM

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?

Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right

A lot of people mine Bitcoins for profit too, and they don't sell them right away.

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Quote from: imperi on July 21, 2011, 05:45:09 PM

Quote from: jackjack on July 21, 2011, 05:41:34 PM

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?

Hashrate is now 5 times what it was 24 hours ago so 80% of people mining Namecoins right now are mining just for profit
I think it's not compatible with them thinking Namecoins aren't worthless, but you seem to be right

imperi

full member

Activity: 196

Merit: 101

Quote from: jackjack on July 21, 2011, 05:41:34 PM

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Maybe it's because people don't think Namecoins are worthless, and they don't feel like selling them dirt-cheap?

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Everybody mine, 30 blocks are found per hour, and the price don't fall?
Are Namecoin early adopters behind that?

Starlightbreaker

legendary

Activity: 1764

Merit: 1006

Quote from: Bitcoin_Silver_Supply on July 21, 2011, 05:20:26 PM

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

wait ~6 hrs. it'll show up in getinfo eventually

Bitcoin_Silver_Supply

sr. member

Activity: 258

Merit: 250

I just hit a block myself. How do I check for confirmations again? Not seeing it in getinfo.

Iyeman

sr. member

Activity: 1183

Merit: 251

29 blocks in the past hour...

http://explorer.dot-bit.org/nbb=30/fromb=0

imperi

full member

Activity: 196

Merit: 101

Quote from: MaGNeT on July 21, 2011, 05:04:45 PM

Difficulty won't go over 94035,92 ...
I read somewhere that Namecoin difficulty can only go 4x up, at a time.

Code:

// Limit adjustment step
int64 nActualTimespan = pindexLast->GetBlockTime() - pindexFirst->GetBlockTime();
printf(" nActualTimespan = %"PRI64d" before bounds\n", nActualTimespan);
if (nActualTimespan < nTargetTimespan/4)
nActualTimespan = nTargetTimespan/4;
if (nActualTimespan > nTargetTimespan*4)
nActualTimespan = nTargetTimespan*4;

Indeed. It's in the C0d3.

Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 16. (Read 55320 times)