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Showing 10 of 10 results by OskarLoderr
Ok let me stop you right there, you're trying to CPU mine.
Pretty much all you're going to do is run your power bill up.
The problem you're seeing is that you aren't putting out enough of a hash rate to see shares show up. The website isn't going to give you any information until it sees that you've submitted a share. It also looks like your miner is trying to split your cores to run on 4 different pools at once, which makes things worse in that regard.
Basically, you can leave your machine running for a few days and see what happens. I'm still not sure what miner you're using (I suspect GUIminer, but I'm not good enough to tell for sure), but you should have some screen in there that will tell you how many shares you've submitted since you started the miner. If that number is greater than zero after a few days of running, you're doing work. You're going to have to rely on what the miner is telling you, the website is not going to be helpful at all for someone that mines as slowly as you.
You have three options.
1. Leave it running for a few days and see what happens
2. Stop wasting your time trying to mine BTC with a CPU and switch to LTC mining on another pool
3. Stop wasting your time trying to mine BTC with a CPU and buy a GPU to mine with
Pretty much all you're going to do is run your power bill up.
The problem you're seeing is that you aren't putting out enough of a hash rate to see shares show up. The website isn't going to give you any information until it sees that you've submitted a share. It also looks like your miner is trying to split your cores to run on 4 different pools at once, which makes things worse in that regard.
Basically, you can leave your machine running for a few days and see what happens. I'm still not sure what miner you're using (I suspect GUIminer, but I'm not good enough to tell for sure), but you should have some screen in there that will tell you how many shares you've submitted since you started the miner. If that number is greater than zero after a few days of running, you're doing work. You're going to have to rely on what the miner is telling you, the website is not going to be helpful at all for someone that mines as slowly as you.
You have three options.
1. Leave it running for a few days and see what happens
2. Stop wasting your time trying to mine BTC with a CPU and switch to LTC mining on another pool
3. Stop wasting your time trying to mine BTC with a CPU and buy a GPU to mine with
Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested
What about the user database? Was it compromised? I'd hate to see bitcoins sent to the wrong address.
I have a database snapshot taken before bad guys overtook the database. So there's no reason to think payout addresses have been modified. Any change of wallet on pool profile requires email confirmation by account owner so I think we're on safe side here.
Unfortunately the user database can be considered as compromised, so the attacker knows user's emails :-(.
let me rephrase: were the passwords securely hashed?
And salted?
Not to preach to you, but this is a perfect example why everyone should use unique passwords on every website.
I personally use 20+ character randomly generated passwords thanks to LastPass. Makes secure password management so easy.
I am assuming the worst that they wore not hashed and salted. No word on the matter suggests that is possibly the case? I'd like to know either way. Embarrassing as it may be.
Do view my thread on the theory whether BC are a pyramid-ponzi or not.
But the USD is certainly not. It is constantly printed and is directly correlating in the best case scenario to increase in economic output.
BC mining is not remotely correlating to any real world event and are mined out of thin air.
But if this service becomes the "only viable" service in its market say by gaining monopoly status (60% market share) in the anon-currency world and maintaining it then as a service it can be valued at this price or even higher.
That's the only question. Those investing in a "deflationary currency" are greedy individuals (we all got it a bit) trying to make money out of no produce and are thus contributing to a bubble which the actual users do not want.
Frankly all you folk into this and gold and silver and so on aren't doing anyone any good.
You're basically storing up funds instead of investing them back into the economy more or less hoping that everything else goes to hell.
You're hurting america
The difference is that since BC depends on commerce things aren't quite the same.
But the USD is certainly not. It is constantly printed and is directly correlating in the best case scenario to increase in economic output.
BC mining is not remotely correlating to any real world event and are mined out of thin air.
But if this service becomes the "only viable" service in its market say by gaining monopoly status (60% market share) in the anon-currency world and maintaining it then as a service it can be valued at this price or even higher.
That's the only question. Those investing in a "deflationary currency" are greedy individuals (we all got it a bit) trying to make money out of no produce and are thus contributing to a bubble which the actual users do not want.
Frankly all you folk into this and gold and silver and so on aren't doing anyone any good.
You're basically storing up funds instead of investing them back into the economy more or less hoping that everything else goes to hell.
You're hurting america
The difference is that since BC depends on commerce things aren't quite the same.
Welcome to the party Mr. Keynes.
Contrary to your belief, savings don't destroy the economy. There's a good series of videos on youtube on the subject, the channel is: https://www.youtube.com/user/EconStories
Hi! I'm Oskar.
I'm a new, small-time miner. Right now I'm mining off of two machines to make some extra cash.
One machine is an antique running a GTX 550 Ti (with free electricity though) and the other is running a shiny new Diamond 7970. I'm hoping to expand into at least a second 7970 within the next couple of weeks and maybe an FPGA or two after that depending on how things go in the market.
I'm more or less here to figure out what sorts of hardware to run and how to set things up.
I'm a new, small-time miner. Right now I'm mining off of two machines to make some extra cash.
One machine is an antique running a GTX 550 Ti (with free electricity though) and the other is running a shiny new Diamond 7970. I'm hoping to expand into at least a second 7970 within the next couple of weeks and maybe an FPGA or two after that depending on how things go in the market.
I'm more or less here to figure out what sorts of hardware to run and how to set things up.
But when there are no longer coins being introduced, some miners will leave? They would have pushed the difficulty way up, and when they switch of their machines, well then what
You're talking about over a century from now. At current rates, there is still going to be a block reward until ~2140 if I'm remembering correctly. That, and there's always going to be transaction fees included in the blocks.
Of course people are going to switch off machines as they become not profitable, however people are always adding new machines that are profitable and more efficient. So, I don't see difficulty ever really decreasing in any meaningful amount.
The 10 minute time is just arbitrary, the network changes the difficulty of the problems to get to that average time.
Theoretically yes, but I doubt it.
In order for that to happen people would have to stop making money by mining, there are too many machines out there that have already paid for themselves for that to happen.
In order for that to happen people would have to stop making money by mining, there are too many machines out there that have already paid for themselves for that to happen.
I wouldn't say deflation is killing bitcoin.
What it's doing is making people put off what they don't need to buy today. Yes, this will cost some businesses some of their profits for a while. But that will stop after the depreciation tapers off.
Granted, we're talking about MacroEcon, so there are always going to be exceptions. Just how many exceptions, I can't tell you because I haven't really seen any solid data on the subject. There isn't a BLS for bitcoin that I've seen.
Personally, I'm not spending right now anyway because I'm saving up for a second GPU to drop in my machine.
What it's doing is making people put off what they don't need to buy today. Yes, this will cost some businesses some of their profits for a while. But that will stop after the depreciation tapers off.
Granted, we're talking about MacroEcon, so there are always going to be exceptions. Just how many exceptions, I can't tell you because I haven't really seen any solid data on the subject. There isn't a BLS for bitcoin that I've seen.
Personally, I'm not spending right now anyway because I'm saving up for a second GPU to drop in my machine.