Mining Namecoins is now 2x more profitable than Bitcoins - page 5.

MaGNeT

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Quote from: iopq on July 28, 2011, 11:12:19 AM

Quote from: MaGNeT on July 28, 2011, 10:30:35 AM

I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting

mine bitcoins, go to the exchange and exchange them, it's more profitable

True...
But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty...

I'm buying Namecoins like crazy but without a network, nobody gets them...

iopq

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Quote from: MaGNeT on July 28, 2011, 10:30:35 AM

I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting

mine bitcoins, go to the exchange and exchange them, it's more profitable

MaGNeT

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I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting

Iyeman

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Quote from: shivansps on July 27, 2011, 10:13:18 PM

Where is the #$%&/() who created this tropic now???

Next 25/09/2011 14:52 23'509.49 x0.25

2 months! there is even less people mining them than before!

Yeah, it is really sucking when it takes nearly 5 hours for ANYONE on the namecoin network to find a block...

18301 28/07/11 08:56:40
18300 28/07/11 04:06:44

But as BTC gets more difficult to mine and the price of NMC continues to rise we will eventually hit that sweet spot to get to block 24000...hopefully sooner rather than later...Need to get the price to 0.0490 to make it as profitable as BTC after the increase in a few days.

shivansps

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Vave.com - Crypto Casino

Where is the #$%&/() who created this tropic now???

Next 25/09/2011 14:52 23'509.49 x0.25

2 months! there is even less people mining them than before!

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: jackjack on July 27, 2011, 05:37:04 PM

Quote from: coblee on July 27, 2011, 04:14:25 PM

21k is the next difficulty.

Nope, look at the post just above yours Wink

Well, when he checked, it showed 21k. But that was not my point, so I didn't bother fixing that number and confuse the issue.

jackjack

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Quote from: coblee on July 27, 2011, 04:14:25 PM

21k is the next difficulty.

Nope, look at the post just above yours Wink

zx9r

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Aham I see. Thank you guys Grin

coblee

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Quote from: zx9r on July 27, 2011, 04:07:23 PM

Quote from: checkmate on July 27, 2011, 05:35:41 AM

The current difficulty (94k) makes NMC really not worth mining... why still do it??

Where do you see current nmc diff is 94k ?

According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k

Am i missing something ?

There's a reason why that site is called nextDifficulty.

Though I do agree that the site is a bit confusing.
21k is the next difficulty. Look at the first row for the current difficulty.

MaGNeT

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Quote from: zx9r on July 27, 2011, 04:07:23 PM

Quote from: checkmate on July 27, 2011, 05:35:41 AM

The current difficulty (94k) makes NMC really not worth mining... why still do it??

Where do you see current nmc diff is 94k ?

According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k

Am i missing something ?

Yup, take a look at "last" for current difficulty.
"instant" is the difficulty if it would change right now, based on current hashing power.
"next" is the predicted difficulty, after 2016 blocks.

zx9r

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Quote from: checkmate on July 27, 2011, 05:35:41 AM

The current difficulty (94k) makes NMC really not worth mining... why still do it??

Where do you see current nmc diff is 94k ?

According to http://dot-bit.org/tools/nextDifficulty.php it is just 21k

Am i missing something ?

JohnDoe

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Quote from: CYPER on July 26, 2011, 10:50:20 PM

The latest version have a bug and doesn't want to download the blockchain.
Try v0.3.21.91

Master branch is fixed according to vinced, haven't tried myself.

Sergio, try re-downloading either newest master or v0.3.21.91 and open port 8334.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: checkmate on July 27, 2011, 05:35:41 AM

The current difficulty (94k) makes NMC really not worth mining... why still do it??

It is still profitable to mine namecoins, just not insanely profitable for 2 days ... the potential upside for NMC needs to be taken into account when looking forward to future profitability of today's mining also ... dyodd

http://tvori.info/bitcoin/charts/

checkmate

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The current difficulty (94k) makes NMC really not worth mining... why still do it??

CYPER

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Quote from: sergio on July 26, 2011, 10:39:21 PM

Hi I found the problem it was that the namecoin download I used was actually a bitcoin software mislabeled, I got this time the namecoin software from git clone git://github.com/vinced/namecoin.git
and things are looking fine, it built a daemon called namecoind instead of bitcoind, and it uses a directory for configuration .namecoin instead of .bitcoin.

The download of the blocks seems to take forever to start, how long does it take for namecoin to start downloading the blocks when it is ran for first time?

The latest version have a bug and doesn't want to download the blockchain.
Try v0.3.21.91

sergio

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Hi I found the problem it was that the namecoin download I used was actually a bitcoin software mislabeled, I got this time the namecoin software from git clone git://github.com/vinced/namecoin.git
and things are looking fine, it built a daemon called namecoind instead of bitcoind, and it uses a directory for configuration .namecoin instead of .bitcoin.

The download of the blocks seems to take forever to start, how long does it take for namecoin to start downloading the blocks when it is ran for first time?

pennytrader

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I just looked at the stats. It seems 24000 blocks will come at least 2 months later

Block Time Difficulty Ratio
Last 18144 23/07/2011 20:14 94'037.96 x0.26
Instant 18144-18264 27/07/2011 02:00 24'181.19 x0.26
Next 20160 16/09/2011 06:54 24'181.19 x0.26

doublec

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Quote from: MaGNeT on July 26, 2011, 01:49:02 PM

What would be the best tactic to buy 25,000 - 30,000 Namecoins without moving the price up to high?
Spread out over a longer time? Or place a big order at a fixed price? Many orders at different prices?

If you want to buy this amount for a bulk price, PM me and we can work something out.

jackjack

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Quote from: sergio on July 26, 2011, 08:01:43 PM

I am having problems running namecoins, the software compiles fine, and it runs, I am using version v0.3.24rc2.zip of the software, the problem I have is that instead of downloading the block chain corresponding to namecoins it downloads the chain that corresponds to bitcoins.

for example the current block number under namecoin is somewhere around Block number 16128, and when I run the namecoin software it keeps downloading blocks like if it was running for bitcoins.

I tried on port 8332, and then on 8336 and same thing happens.

I am using Linux, tried un debian and centos and have the same problem.

Anyone know what I am doing wrong?

all help will be greatly appreciated.

Thanks,

More like 18k, but still pretty weird
Did you try to download and compile it again?

sergio

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I am having problems running namecoins, the software compiles fine, and it runs, I am using version v0.3.24rc2.zip of the software, the problem I have is that instead of downloading the block chain corresponding to namecoins it downloads the chain that corresponds to bitcoins.

for example the current block number under namecoin is somewhere around Block number 16128, and when I run the namecoin software it keeps downloading blocks like if it was running for bitcoins.

I tried on port 8332, and then on 8336 and same thing happens.

I am using Linux, tried un debian and centos and have the same problem.

Anyone know what I am doing wrong?

all help will be greatly appreciated.

Thanks,

Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 5. (Read 55320 times)