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" : ""
}
But a minute later, the "connections" goes down to 0.
Why is that? What's wrong with my setup, or my computer?
And Poclbm/Phoenix can't connect for some reason.
.bitcoin.conf file:
rpcuser=user
rpcpassword=password
rpcport=8321
rpcconnect=127.0.0.1
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
server=1
daemon=1
Poclbm command line:
python ./poclbm.py -d 0 -w 128 -f 30 http://user:[email protected]:8321
I googled this for the last hour, and can't find a solution.
Thanks,
Matthew
Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 18. (Read 55320 times)
If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.
I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.
If that's what you wanted to know, than that's what you should have asked about. I think the nerd factor is way too high (and that's coming from a guy who links to lmgtfy) and it requires too much work and knowledge for it to hit mainstream, but as long as people pay me more than they do for Bitcoins I'm happy. I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.
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.
Yeah, I know about that, but how does this change anything? How is this 'better' then bitcoins?
I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoinWhat is the current market rate of namecoins and who actually takes them for anything?
Hilarius ...
If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.
I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.
To Decentralize DNS. currently governments can Seize domain names as they wish (just look at all the torrent sites that have had their domain names taken.)
I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoinWhat is the current market rate of namecoins and who actually takes them for anything?
Hilarius ...
If I can just google everything, what's the point of asking any questions on forums? I want to know what people's opinion's are on it.
I already google'd it, I don't understand the terminology I guess. Or what the purpose of namecoin is.
I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
This answers all your questions http://lmgtfy.com/?q=namecoin What is the current market rate of namecoins and who actually takes them for anything?
I don't get it, what's the difference between namecoins and bitcoins?
What is the current market rate of namecoins and who actually takes them for anything?
What is the current market rate of namecoins and who actually takes them for anything?
Nice upspike at the exchange rate, now it’s even more profitable: ~2x more Bitcoins are gained by mining Namecoins at the current exchange rate of 0.027.
Must be heaven for miners.
Must be heaven for miners.
umm...50 coins magically appear in your account.
I found one within an hour with 860 Mh/s.
How do you know when you have found one?
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.
All you need to do to keep the Namecoin hash rate high is to BUY namecoins at a (even very slightly) higher price than BTC/NMC difficulty. As long as this gives even 1 US cent more/day than mining BTC, a lot of people will mine NMC instead.
As supply is limited anyways, you can choose to invest (in total) xx USD to keep NMC stable - might even be cheaper than mining yourself ins ome situations.
tl;dr:
To help NMC: Buy them, don't mine them
As supply is limited anyways, you can choose to invest (in total) xx USD to keep NMC stable - might even be cheaper than mining yourself ins ome situations.
tl;dr:
To help NMC: Buy them, don't mine them
nm found it
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.
The problem is not the greedy miners trying to make a profit. The problem is in the design of the network that gives "unhealthy" incentives to miners in certain situations (like now with namecoin).
Difficulty should be adjusted much more often than every 2016 blocks. The network would find an equilibrium difficulty level much quicker, and all these problems would go away. There is no technical reason not to do it (that I know of), and the only reason Bitcoin has not suffered from the same problem so far, is the fact that it's always (well past 7 months at least and likely longer) been profitable to mine it.
Difficulty should be adjusted much more often than every 2016 blocks. The network would find an equilibrium difficulty level much quicker, and all these problems would go away. There is no technical reason not to do it (that I know of), and the only reason Bitcoin has not suffered from the same problem so far, is the fact that it's always (well past 7 months at least and likely longer) been profitable to mine it.
do it, But dont stop mining after the dificulty change.
i probably gonna mine btc again by then. ninja edit:
holy shit, i found 2 blocks after 10 minutes of mining?
do it, But dont stop mining after the dificulty change.
Its gona take like a week or more to get the 120 confirmations, it was already taking about 4 days.
Its gona take like a week or more to get the 120 confirmations, it was already taking about 4 days.
i was mining for 6 weeks at 55k difficulty while you guys dissapear as soon the difficulty increase. And i was miningsince the difficulty was 3500... And i mine Bitcoins at the same time.
You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.
And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!
We all know that when the difficulty increases again everybody will left, at 100k dif NMC is good as dead. It going to take 3 to 4 months for the dificulty to go down again and for what? for some another id**** to post something like this again and send the difficulty to 2 millons?
yeah, wharever, do as you wish.
y'know, seeing your response like that really makes me want to use all of my GPUs just to mine NMC, just for the hell of it.You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.
And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!
We all know that when the difficulty increases again everybody will left, at 100k dif NMC is good as dead. It going to take 3 to 4 months for the dificulty to go down again and for what? for some another id**** to post something like this again and send the difficulty to 2 millons?
yeah, wharever, do as you wish.
eh, sounds like a good idea.
1.2 gh/s one the way~
awwwwwwwwwwwwww
yeaaaaaaaaaaaaaaaaa
i was mining for 6 weeks at 55k difficulty while you guys dissapear as soon the difficulty increase. And i was miningsince the difficulty was 3500... And i mine Bitcoins at the same time.
You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.
And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!
We all know that when the difficulty increases again everybody will left...
You are not in any position to say ANYTHING to me. Stupid manipulations like this tropic the only thing it do is destroy the network.
And the class of people that jump from one network to another for the higher profit are just killing both markets. And YOU DARE TO SAY ANYTHING TO ME? i support both networks!
We all know that when the difficulty increases again everybody will left...
Welcome to decentralized currency experiments in a free market. If you'd prefer a currency with less "manipulations" (free exchange of decentralized currency generation strategies) I hear there are some lovely fiat systems out there to choose from.
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