Post
Topic
Board Bitcoin Discussion
Re: when will I start getting bitcoins
by
LMGTFY
on 22/03/2011, 19:50:57 UTC
Been using bitcoin since December last year I've generated 114569 blocks 17210 confirmations and 1784 khash/s and only 0.05 of a bit coin which is from the bitcoin faucet. So after 3 months I'm a little disappointed at no bitcoins.  I've checked all the settings and they seem ok . Could you tell me how many blocks needed to generate a bitcoin as the readme says "you receive coins when you successfully generate a

block. "  Unless my blocks are different to yours, I seem to have plenty of blocks but, no bitcoins.
The 114569 blocks are the blockchain - the chain of all blocks generated to date, by everyone on the bitcoin network.

The 17210 represents the number of blocks generated by the entire network since you were sent the 0.05 BTC by the Bitcoin Faucet: every time a block is generated by anyone on the network previous transactions are confirmed.

1784 khash/s probably won't generate any bitcoins (it might, but the chances are remote: according to this calculator it'll take you 2123 days, assuming that difficulty doesn't change). You could try mining for bitcoins as part of a mining pool - that way you'll share in every block mined by the pool. Your share will be small, but it will be better than nothing.