3 days, 181 NMC (with 1,5ghash/s) - 4.75 BTC. could have made more, though. found 2 blocks soloing, the rest i got at the bitparking pool.
I hope we can keep the networkhashrate at a higher level this time, now it's at about 310ghash/s
Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 9. (Read 55320 times)
It's pretty clear that the alternative blockchain approach that Namecoin is using simply isn't viable, and it's good that they're going for the merged mining approach. Any non-merged blockchain that has miner compatibility with Bitcoin is going to have short periods of insane mining interest followed by very long periods of unprofitable mining.
Or maybe the solution is just to have better difficulty adjustment rules. Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks. That would help even out the swings somewhat.
Or maybe the solution is just to have better difficulty adjustment rules. Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks. That would help even out the swings somewhat.
I like the former route better (merged mining). Any pool planning to offer this starting at block 24000 nmc? I'd definitely use that pool. It means quite some work for pool ops, though, so I assume pickup will be slowish.
generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days 
balls of steel, dude. You're pushing your luck. Go eligius, you'll still see "generated"
Got lucky and found 4 blocks in just under 48 hours with 800Mhash. Unfortunately I wasted a whole day mining in a pool which only got me 15NMC
I had the opposite luck, mined in bitparking the entire time, found 2 blocks for the pool and earned 130 nmc. but i went with a pool because your guaranteed to get payouts, whereas mining solo i could have mined the whole time and not found anything and gotten 0.
Got lucky and found 4 blocks in just under 48 hours with 800Mhash. Unfortunately I wasted a whole day mining in a pool which only got me 15NMC
generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days
You spent your amount of luck for at least 3 months, you'd better join a pool 
but it takes too long to get ~35 more coins for a 6990 :<. maybe i am that lucky guy, you never know.
Or maybe the solution is just to have better difficulty adjustment rules. Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks. That would help even out the swings somewhat.
+1
It's pretty clear that the alternative blockchain approach that Namecoin is using simply isn't viable, and it's good that they're going for the merged mining approach. Any non-merged blockchain that has miner compatibility with Bitcoin is going to have short periods of insane mining interest followed by very long periods of unprofitable mining.
Or maybe the solution is just to have better difficulty adjustment rules. Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks. That would help even out the swings somewhat.
Or maybe the solution is just to have better difficulty adjustment rules. Like continue using a 2016 block sliding window, but adjust the difficulty every 252 blocks instead of only every 2016 blocks. That would help even out the swings somewhat.
generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days
You spent your amount of luck for at least 3 months, you'd better join a pool 
I mined 3 days @ 800 Mhash/sec and gathered 82 MNC which is 2.3 BTC. Not bad.
generated 2 blocks within the last 2 days at 425mhash/s. that's 3.5 btc. mining btcs i make about 0.25 a day, so i'll keep pushing my luck on solo mining for bitcoins for another 12 days
sendtoaddress
I went back to BTC mining again.
But one of my 5870's is still pointed to Namecoin to support the network.
I think we all should do that!
But one of my 5870's is still pointed to Namecoin to support the network.
I think we all should do that!
The next difficulty adjustment may be a while from now unless price goes over 0.0556 or the ratio at the time.
You'd need to buy ~35000 NMC which would cost a bit above 1000 BTC for that to happen. Doable, but to create a bubble you might have to invest another ~1000 BTC maybe. You would end up with some serious amount of NMC though, so for a true believer maybe not even that out of question. Investing ~30k USD to potentially create a bubble and be able to sell with profit?
i mined at 3 ghash for 1.5 days and got 4 blocks
In total i mad double what I was earning from bitcoin wish it could have lasted longer.
In total i mad double what I was earning from bitcoin wish it could have lasted longer.
My stats show that in the past 3 days I have found 5 blocks for the namecoin pool I was mining for but only got about 80 NMC from the pool. I was mining at 690 mh/s.
I wish I had gone solo
I wish I had gone solo
I mined for 3 days at 4GH/s and found 7 blocks.
I mined for 2 days @ 640 MHash/s and found nothing. Oh well, hopefully that means my lucks about to change.
Perhaps I should go buy a lotto ticket..
Perhaps I should go buy a lotto ticket..
Damn Only got 1 block mining for 3+ days with 750 Mh/s
Oh well.
Only got 1 block mining for 3+ days with 750 Mh/sOh well.
I am mining at about the same rate and got 2 blocks in the first hour then nothing in the past 2 and a half days. Oh well, I guess it could have gone the other way. Still, at the current btc/nmc trade rate that's 2.5 BTC or 5 days of mining BTC.
Yup party is over. The current block is taking more than 25 minutes. LOL! The next difficulty adjustment may be a while from now unless price goes over 0.0556 or the ratio at the time.
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