Topic: New to mining and something of possible interest for Spreadsheet users (Read 2261 times)

Welcome to bitcoin mining and bitcointalk.


With a higher total network hashrate, the difficulty will go up and miners' revenue will go down.
So if you are going to build a PH/s mining farm, other miners may not be happy about it.
But for a new 6TH/s miner, no one will get upset about it.

Mining isn't profitable anymore unless you have free hardware and almost free electricity, remember to factor in difficulty increment..

done believe what calculator you see . its not accurate , and remember about diff always increase and decrease . all in factor luck to .

Most people just refer to them as payouts, from my understanding.


Quite honestly (and I hate to sound rude) but nobody really cares where you put your hashrate. (I promise that I mean this in the nicest way possible!). The only time people tend to care is when everyone starts freaking out about possible 51% attacks, and as long as you keep your eyes open you'll be able to judge those situations on your own.

More information on the "51% attack":
http://learncryptography.com/51-attack/

Good luck with mining, feel free to contact me at any time if you run into more questions. Enjoy your time here!

Well, I am new to mining, not having any issues at all right now as I have figured them out with either research or just hammer through it.  

Running five 2GH miners, friend got me interested and gave me one, so I am just trying to see what can be earned off of it.

Call me a little AR, but I am tracking my progress in a spreadsheet, the biggest problem I had was always having to get the Bitcoin value from an exchange site manually each time I wanted to check it out.  Well, do to another interest I have with the stock market, I found a Excel add-in that would let me get stock prices and such.  I found out today the Bitcoin Exchange rate is now listed in Yahoo and others.  So, I looked up the symbol and behold, it can be retrieved with the add-in software.

Not sure if I can provide the link (It leads to a yahoo group), so I will leave this open and if a moderator says it is ok, I'll post it.

Hell, I do not want to get into trouble within the first month of me mining and on my first post.

Couple of questions,
1st, I have been calling them production runs, but is there a name for when you get paid?  I know it could be something simple as "Paid" or Payout", would just like to know if there is a vernacular that I need to know.

2nd, Is there any animosity if someone new comes along and sudden puts in a 6TH machine?  Not that I am going to do that as that is WAY out of my price range.

If you see that I am labeling something not correct, shout at me.