on slower machines, i would personally go for some pay per share pools.
you get guarenteed amounts.
Topic: new noob miner here (Read 1492 times)
thanks again for info an the like
i have started using bitminter
i would like to know if the rewards should be roughly the same using this pool as any other ?
thanks muchly
Tom
i have started using bitminter
i would like to know if the rewards should be roughly the same using this pool as any other ?
thanks muchly
Tom
ok so i have been mining for about 2 hours, and i have so far gained around 40 shares which is worth about 0.001250808586597 btc or aproximately 0.27 dollars, lol not bad for sitting around clicking a few buttons
At such low hash rates, you should be better off joining another pool like BTC Guild and donating 2.5% of any earnings so you can withdraw even very low amounts if necessary.Or join BitMinter and we will pay you 5% extra (until we reach 60 blocks) instead of you donating 2.5%. We also pay out with full 8 decimal places.
Well, he didn't say he was solo mining
Based on what's said so far (original poster mentioned shares so sounds like mining pool), I don't think anybody's soloing here
Well technically he did mention it here: http://forum.bitcoin.org/index.php?topic=30468.msg382590#msg382590 However he did say he had joined a pool - so that makes sense and is really the only way to go given his mhash figure.
But more to the point (which you missed) I was actually directing the comment to the person who talked about solo mining (user: swordv2). With such a low mhash figure, its silly to even contemplate solo mining so thats why I suggested HE (swordv2) spend some time reading and getting to know bitcoin so he wont make such a statement in future! lol
Thanks
good morning all, thanks for the info and comments, much appreciated 
ok so i have left pc on all night and have mined a godly 0.03 bitcoin!!! im on deepbit pool but i cannot get any kind of payment
any ideas how this works?
it says:- 0.03316595 BTC
Balance is updated once per hour
Instant payout button is shown when your balance is at least 0.01 BTC and you received less than 3 payments in last 24 hours.
Payments
-then the rest is blank-
WTF? how do i get my coinz !
ok so i have left pc on all night and have mined a godly 0.03 bitcoin!!! im on deepbit pool but i cannot get any kind of payment
any ideas how this works?
it says:- 0.03316595 BTC
Balance is updated once per hour
Instant payout button is shown when your balance is at least 0.01 BTC and you received less than 3 payments in last 24 hours.
Payments
-then the rest is blank-
WTF? how do i get my coinz !
No idea since I don't use deepbit out of a desire to balance out the pools for bitcoin's long term good.
But you've already clocked in more than 4 hours. You just need to say thanks to my post, then I'll give you access to go post in deepbit's thread to ask for help
good morning all, thanks for the info and comments, much appreciated
ok so i have left pc on all night and have mined a godly 0.03 bitcoin!!! im on deepbit pool but i cannot get any kind of payment
any ideas how this works?
it says:- 0.03316595 BTC
Balance is updated once per hour
Instant payout button is shown when your balance is at least 0.01 BTC and you received less than 3 payments in last 24 hours.
Payments
-then the rest is blank-
WTF? how do i get my coinz !
ok so i have left pc on all night and have mined a godly 0.03 bitcoin!!! im on deepbit pool but i cannot get any kind of payment
any ideas how this works?
it says:- 0.03316595 BTC
Balance is updated once per hour
Instant payout button is shown when your balance is at least 0.01 BTC and you received less than 3 payments in last 24 hours.
Payments
-then the rest is blank-
WTF? how do i get my coinz !
At your slower speeds, I would get off deepbit and join BTCGuild.
You can withdraw your coins down to the last decimal place.
You can't do that on deepbit.
You can withdraw your coins down to the last decimal place.
You can't do that on deepbit.
Yes you can. You just have to manually specify the full decimal amount at the payout screen.
if you are solo mining, it will take long time.
solo mining on 65 Mhashs? LMAO!!!! You need to spend a bit more time in the wiki young man!
Well, he didn't say he was solo mining
Based on what's said so far (original poster mentioned shares so sounds like mining pool), I don't think anybody's soloing here
if you are solo mining, it will take long time.
solo mining on 65 Mhashs? LMAO!!!! You need to spend a bit more time in the wiki young man!
ok so i have been mining for about 2 hours, and i have so far gained around 40 shares which is worth about 0.001250808586597 btc or aproximately 0.27 dollars, lol not bad for sitting around clicking a few buttons
At such low hash rates, you should be better off joining another pool like BTC Guild and donating 2.5% of any earnings so you can withdraw even very low amounts if necessary.
I agree, it depends.
If your on deepbit.net, you can withdraw your coin fractions pretty quickly if you reach more than .001 coin(s).
Anywhere else (BTCGuild, Slush, MtRed), you have to wait for 120 confirmations which take about a day or so for the network to process.
If your on deepbit.net, you can withdraw your coin fractions pretty quickly if you reach more than .001 coin(s).
Anywhere else (BTCGuild, Slush, MtRed), you have to wait for 120 confirmations which take about a day or so for the network to process.
FYI: If you change your donation to 2.5% on BTC Guild you can withdraw once you hit 0.01+, and unlike some other pools it'll let you send the whole thing down to the full 8 decimals vs. just to 2 decimals...
how long would it take for me to get ANY amount of coins mined? roughly#
Heres a web based mining calculator:http://bitcoinx.com/profit/index.php
At 65 MHash/s and current difficulty you should get 0.04 BTC/day minus pool fees etc. (a few percent less).
ok so i have been mining for about 2 hours, and i have so far gained around 40 shares which is worth about 0.001250808586597 btc or aproximately 0.27 dollars, lol not bad for sitting around clicking a few buttons
At your slower speeds, I would get off deepbit and join BTCGuild.
You can withdraw your coins down to the last decimal place.
You can't do that on deepbit.
You can withdraw your coins down to the last decimal place.
You can't do that on deepbit.
Quote
A block is built (and 50BTC awarded) when someone produces a hash of the block+nonce that's numerically below the current difficulty level. "Shares" are hashes that are numerically below a much lesser difficulty level; the pool can easily verify that your "share" hash is valid for the block (though otherwise useless); this proves that you've been working on that pool's block. (Note: the pool's block-in-progress includes the transaction that pays the pool, so someone can't take their "winning" hash and steal the 50BTC from the pool unfairly.)
yeh i got it running solo at the minute, just to see how it all runs etc, now at 60 hashes? whatever that means
i have made an worker on deepbit as well, it did say that i had 9 shares accepted but i dont know what this means anyone care to explain this to me?
i have made an worker on deepbit as well, it did say that i had 9 shares accepted but i dont know what this means anyone care to explain this to me?
if you are solo mining, it will take long time.
At current prices/difficulty, you could mine for a week and get about $4.00
All bets are off when difficulty goes up and prices drop/rise.
All bets are off when difficulty goes up and prices drop/rise.
He doesn't have to wait until he reaches 1 whole bitcoin to withdraw and sell.
You can sell fractions of bitcoin on Mt Gox or Tradehill.
Just make sure you cover all of your costs.
Mt Gox charges 0.65 % per trade (tradehill is cheaper)
Dwolla charges $0.25 to withdraw to your bank account.
You can sell fractions of bitcoin on Mt Gox or Tradehill.
Just make sure you cover all of your costs.
Mt Gox charges 0.65 % per trade (tradehill is cheaper)
Dwolla charges $0.25 to withdraw to your bank account.
Jump to: