Topic: USB ASIC Miner Block Erupter -- Newbie Questions (Read 1204 times)

Thanks for the responses.

I can see that this is not a way to get rich quick.

But the idea was to get an education, and I think that is working out well.

Your USB Block Erupter is expected to mine at 330MH/s, and as you can see in bfgminier:

So, it is working perfectly fine.

The pool you joined use DGM (Double geometric method) payment scheme.
For details: http://mmpool.bitparking.com/faq and https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Also, the pool is doing merge mining with Namecoin, Ixcoin, Devcoin, I0coin and Groupcoin. All these coins will be mined at the same time along bitcoin, and you can sell them on some alt-coin exchange.

Without doing the math, yes it sounds right.

Hello,

To try to learn more about the world of crypto-currencies,  I decided to buy a USB ASIC Miner Block Erupter on ebay.

This turned out to be a major project.  I had a difficult time getting a good download and install of bfg miner.  Then I almost despaired of ever getting bfgminer to recognize my block erupter which was on COM3 port. I had downloaded the driver and that part all seemed to go well.  But finally it all seemed to work and the green light went off, and the block erupter started to run hot on my usb port.

I selected a mining pool (totally arbitrarily), though I had no clue which was best, which turned out to be bitparking merge mining pool.

I determined that the ASIC miner must be mining, because the bfgminier is showing:
ICA 0: |341.9/335.0/328.2/Mh/s|A:478 R2+0(.42%)HW:57/.78x (the first numbers keep changing)

The printout at the Bitparking Merge Mining Pool shows (after 24 hours):

Hash Rate (Mhash/sec) 433.236
Total Shares for round    7,680

DGM Estimated Round Payout (BTC) 0.00006800

I also have earned 0.02048464 devcoins (for running about 24 hours).

My questions are simple.  You experts, tell me, does this all look reasonable?
The total shares for round, is this shares that I have earned?
The estimated payout in BTC -- is that the estimated payout for the number of shares that I have earned (above) or what?

If I have figured out this right, I have earned about $00.055 USD for 24 hours or about $1.65 per month, not counting the other crypto coins that I might pick up.  Does this sound right?

Thanks for your help.