Quote from: smoothfreeze on December 17, 2014, 05:45:09 AM

Quote from: norgan on December 17, 2014, 05:37:00 AM

Quote from: smoothfreeze on December 17, 2014, 05:30:53 AM

Hi guys, new to the whole bitcoin scene and stumbled upon this pool.

Currently mining using GUIMiner and mining at 32ish MHash/s. I have a couple of questions:

What are shares? Mine is currently showing 10 shares accepted

How and when do I get my bitcoins?

If anyone could give me an answer, that would be great. Sorry, total noooob here.

Hi smoothfreeze, First of all you are not going to get a valid p2pool share on the sharechain with 32mh/s. you need around 1th/s to get shares that count towards a block.
Essentially there are small "shares" that are sent to you by the node, they contribute to a full share on the sharechain but you need to get a share before the next block comes and that share needs to stay valid until the block comes or it can drop off the sharechain.

In a nutshell it's a block broken up into a bunch of tiny bits, when you mine direct to bitcoin you must solve a whole block to get paid but on a pool, any pool, you mine shares and then you get a certain number of shares in the block based on your hashing power. each miner in a pool mines together to increase the chances of getting a block.

Aah, okay. So I was looking around the forum and I'm considering on purchasing this https://bitcointalk.org/index.php?topic=555471, a USB powered miner. Is this good enough for mining?

Are you wanting to make money or just do it for fun? For fun I'd recommend an Antminer S1 to Make money an S3 or S4 in Australia may just earn ahead of the power it uses. If you want to get serious then the current machine of choice seems to be the Spoondliestech SP20.