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Bitcoins!

Discussion in 'General Software' started by pantherx12, Feb 17, 2011.

  1. AphexDreamer

    AphexDreamer

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    Yeah I know what you mean. I got lucky and got my first 2 blocks rather quickly but been dry since.

    What I don't get is if I stop for whatever reason even for a lil bit does that ruin the constancy needed to maintain that 5 day average?

    Like if I have had it on for 3 days and then stop for just a brief second and run it again is it like starting from day one again?

    I guess since its all luck based it shouldn't matter it just confuses me for some reason.
     
  2. matteumayo New Member

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    That shouldn't happen, I came upon that question on another forum, and this was the answer:

    When you generate bitcoins, and attempt to solve for blocks, your PC does this by sending as many possible solutions as it can, so if you turn off the generator and turn it back on, you won't lose any progress, it just throws lots and lots of possible solutions at it. You may get lucky and find one and thus generate a block, but there is nothing that needs to be resumed if you stop coin generation.
     
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  3. AphexDreamer

    AphexDreamer

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    Ahh excellent that clears up my confusion. Thanks.
     
  4. matteumayo New Member

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    No problem. :toast:
     
  5. matteumayo New Member

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    So it seems like everybody's been saying the difficulty's going up 40% some time soon.

    Does anybody have any idea when exactly? It would help me a lot to know, since the difficulty factor would be 51043.8417 (feel free to put that into the calculator).

    This would change my average block generation time from 6-7days to 11 days :X
     
  6. AphexDreamer

    AphexDreamer

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    Well BGC keeps up to date.

    So when its difficulty factor increase then its safe to say the difficulty factor has increased.
     
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  7. matteumayo New Member

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    Mtgox's blog is stating that the value of a bitcoin may go up to 2$ soon, however if the market doesn't rise soon and value falls under $0.89 then it may follow the pattern and drop to $0.50-60.

    On another subject, I have 50 BTC in my account and bitcoin2cc's prices for $50 dropped to 60BTC even...

    So here's my question:

    Should I

    a) Hope to get another block ahead of schedule again

    or

    b) Pause bitcoin for a day and run C4C, then cashout the $10 in bitcoin form (10 BTC)

    Any advice?

    EDIT: Prices just went back up over 60, bitcoin lottery it is! :p
     
    Last edited: Feb 24, 2011
  8. n-ster

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    I'd just hope for another bloc... else there is this thing where you get paid for every hash, but they take a 10% cut on average
     
  9. matteumayo New Member

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    Small update here.

    Estimates are showing the bitcoin difficulty increase is going to happen Sunday night.

    It being thursday, I'm gonna keep on hoping for another block, since I have about 5 days (since the last one).

    If I do get that block, I'll join the pool right after (if it's up, it better be >:[ ) and go for that $100 v-visa card, since it's only a little over 100 BTC.

    If I don't get a block, I'm going to switch to the pool anyway and go for the $50 card.

    P.S: Doesn't it seem like C4C knew the near-50% difficulty increase was going to happen at the end of February? What with their "promo period" ending and the profit decreasing 50%. hmmm
     
  10. Easy Rhino

    Easy Rhino Linux Advocate

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    does this mean it will be harder to make real money?
     
  11. PVTCaboose1337

    PVTCaboose1337 Graphical Hacker

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    Yes. Cause each person takes longer to make any bitcoins.
     
  12. AphexDreamer

    AphexDreamer

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    Unless your in a pool you tend to keep a steadier rate.
     
  13. n-ster

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    The estimates that I have read say a 35% increase max will happen
     
  14. matteumayo New Member

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    Are you saying that going solo is steadier? That's incorrect; you will see much steadier and frequent profits from a pool, than being on your own.

    Sorry if I misread, just want to clarify :cool:
     
  15. matteumayo New Member

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    Well that's good news :)
     
  16. AphexDreamer

    AphexDreamer

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    No that a pool is steadier. You miss read lol.
     
  17. PVTCaboose1337

    PVTCaboose1337 Graphical Hacker

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    When someone actually gets paid, please tell me. Also, post your electricity bill for that month along with it.
     
  18. AphexDreamer

    AphexDreamer

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    I got paid in my first 3 days and posted about it a few pages back, In fact I bought Crysis 2 with the money made through bitcoin :). And I don't have an electricity bill.
     
  19. PVTCaboose1337

    PVTCaboose1337 Graphical Hacker

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    Oh well nice then. Surprised they accept fake money. Idiots. :laugh:
     
  20. AphexDreamer

    AphexDreamer

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    Well... they didn't take the bitcoins directly if thats what you mean.

    I used the Bitcoins to buy a Visa Gift Card first and then activated it on Visa's site and used it to pre-purchase Crysis 2 :D
     
    Last edited: Feb 25, 2011
  21. PVTCaboose1337

    PVTCaboose1337 Graphical Hacker

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    Yeah I got the in between steps. I know Newegg does not take bitcoins lol. Glad to see there are still dumb people to exploit! I would personally keep doing what you are doing Aphex, that way you can just pay for more and more cards off newegg so your rate of gaining bitcoins goes up exponentially until you become a millionaire. Simple really.
     
  22. AphexDreamer

    AphexDreamer

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    And they said money didn't grow on trees...

    Well it doesn't but it can be generated virtually with some luck :p

    I'd say I'll reach the millionaire mark by the end of next month :rolleyes:
     
  23. huayra.agera

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    How's the mining going? I just finished generating aroung $11.37 with Compute4Cash just to try how long they process Cashouts. I'm now mining for Bitcoins, solo. I OCed my Sapphire 6850 to 1010 Core 300 Memory Stock Volts. According to bitcoin calculator it'll take around more than 8 days on average to produce a block and I'm running at 218khps. How I hope to get lucky like you people here. =)
     
  24. huayra.agera

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    I just got paid from Compute4Cash in around less than 4 hours. I think Paypal deducted .69c off the 10$ I cashed out total I got is 9.31$.
     
  25. AphexDreamer

    AphexDreamer

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    For how much time?
     

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