Difficulty won't go over 94035,92 ...
I read somewhere that Namecoin difficulty can only go 4x up, at a time.
Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 17. (Read 55320 times)
But a minute later, the "connections" goes down to 0.
Why is that? What's wrong with my setup, or my computer?
Don't know, but you need to make namecoind connect to other computers and download the block chain before you can connect with miners. Why is that? What's wrong with my setup, or my computer?
It its just luck, i have 5 ghash total, 3 to bitcoin and 2 to namecoin, on Namecoin i found about 6 blocks in 2 days when the difficulty was 55k once, but most of the time was 1 per day, 2 max, and there where some time that was 4 days whiout anything, since the difficulty decreased i found a total of 3 blocks so far.
If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?
By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.
You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...
If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?
By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.
You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...
The value actually peaked above .04 at one point over the last two or three weeks.
It its just luck, i have 5 ghash total, 3 to bitcoin and 2 to namecoin, on Namecoin i found about 6 blocks in 2 days when the difficulty was 55k once, but most of the time was 1 per day, 2 max, and there where some time that was 4 days whiout anything, since the difficulty decreased i found a total of 3 blocks so far.
If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?
By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.
You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...
If all of this brings in a better value then its for the best, because the miners will stay. But at current price everyone will left when the difficulty will go over 100k... and then what?
By forcing all these people going intro the network at once you just dont give the market time to stabilize. And it does happen like the last time. The value dint increased at all... it at been around 0.020-0.030 for over 2 weeks. At this point i just hoping for the best.
You are pushing things too far mr."mining namecoins is now x2 more profitable", i know you real intentions are to crush the market by destroying the network so you can buy cheap nmc and play the wait game. You really whant me to belive you are doing all of this because of your good will??? come on...
When I run the getinfo command, here is what I get:
{
"version" : 32100,
"balance" : 0.00000000,
"blocks" : 0,
"connections" : 2,
"proxy" : "",
"generate" : false,
"genproclimit" : -1,
"difficulty" : 1.00000000,
"hashespersec" : 0,
"testnet" : false,
"keypoololdest" : 1311272481,
"paytxfee" : 0.00000000,
"errors" : ""
}
{
"version" : 32100,
"balance" : 0.00000000,
"blocks" : 0,
"connections" : 2,
"proxy" : "",
"generate" : false,
"genproclimit" : -1,
"difficulty" : 1.00000000,
"hashespersec" : 0,
"testnet" : false,
"keypoololdest" : 1311272481,
"paytxfee" : 0.00000000,
"errors" : ""
}
Should have 16662 blocks.
only 950 for now.
one's halfway done, i assume the rest will be done in 3-4 days, when the difficulty goes waaay up 
*edit
and i just got my 5th block.
wtf.
*edit
and i just got my 5th block.
wtf.
How much mhash are you working with?
It would be great if Namecoin mining was bugged. And by "great" I mean "horrible."
one's halfway done, i assume the rest will be done in 3-4 days, when the difficulty goes waaay up
*edit
and i just got my 5th block.
wtf.
*edit
and i just got my 5th block.
wtf.
eh.
4 blocks.
not too bad for a "shit and giggles" plan.
Now you have to wait for confirmations though and I heard that can take quite some time
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Damn lucky. I've done about 10k hashes, still no block
Same, all part of the gamble.
eh.
4 blocks.
not too bad for a "shit and giggles" plan.
I just thought you should know I've attributed 2400 mhps to namecoin mining. I might add another 1200 tonight.
But I had all the intention to before this thread was ever created.
But I had all the intention to before this thread was ever created.
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Damn lucky. I've done about 10k hashes, still no block
Same, all part of the gamble.
aaaaaaaaaaaannnd i just got my 4th block...with only ~5k hashes total.
okay, i guess i used up all of my luck just to find blocks.
okay, i guess i used up all of my luck just to find blocks.
So these "difficulty 1 hashes" are the same as shares submitted to a pool. On average you find a block with the number shares equal to the difficulty. So right now, you should find a block for every 23509 "difficulty 1 hashes" on average.
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Damn lucky. I've done about 10k hashes, still no block
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Uhmmm, I'm not sure what you guys are using to define your hashes? A single ati card computes 300,000,000 hashes in a second.
GUIminer.
It shows the count in the lower left status bar, per GPU
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Damn lucky. I've done about 10k hashes, still no block
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Uhmmm, I'm not sure what you guys are using to define your hashes? A single ati card computes 300,000,000 hashes in a second.
I followed the instructions on the thread and I've got a couple of questions that I'm sure you know the answer.
1. How can I get a namecoin address?
2. Am I doing this correctly? I launched namecoind.exe by typing "start namecoind.exe" and all i get is a blank screen with a blinking cursor.
3. How would I know I found a block and where does it go (since I don't have a namecoin address).
Thanks in advance guys!
1. How can I get a namecoin address?
2. Am I doing this correctly? I launched namecoind.exe by typing "start namecoind.exe" and all i get is a blank screen with a blinking cursor.
3. How would I know I found a block and where does it go (since I don't have a namecoin address).
Thanks in advance guys!
ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
I hate you a little. I am at 3000 hashes thus far without one.
Damn lucky. I've done about 10k hashes, still no block
how long does it take to verify 2 3 blocks?
one day? four days? a week?
*edit.
hah, i got 3 blocks in less than a day.
one day? four days? a week?
*edit.
hah, i got 3 blocks in less than a day.
Yeah, I know about that, but how does this change anything?
The government can't seize your domain, only the namecoin address that owns it can update it.
How is this 'better' then bitcoins?
they work side by side, btc is used to buy stuff from merchants, nmc is used to register domains. btc chain block validates and keeps track of btc spending, nmc chain block keeps track of currently registered domains.
Or at least that's what I gather from all the reading i have done over the past month or so.
Ahhh, thanks. This makes a lot more sense
. Jump to: