Bitcoin Merge Mining Pool

What does "difficulty" mean on a stratum mining pool?

I've just recently started mining on Bitparking merged mining pool. The page says I can change the difficulty I mine at by using "d=number" as my password. Examples are 8, 16, and 32. I know this isn't the same as the Bitcoin network difficultly, because that number is somewhere around 37 million. What is this setting, and how does it affect my shares and profit?
submitted by Jonathan_the_Nerd to BitcoinMining [link] [comments]

What is your crypto-strategy?

I'm a longtime Bitcoin miner (1.5 Ghash/s, nothing huge) and have been looking into what is most likely to make the most sense for making money in the longterm.
Most often I use the Bitparking merged mining pool to mine BTC, NMC, IXC, and DVC. I believe in the future of BTC and like the diversity of some additional cryptocurrencies.
When I see the profitability of another currency higher than 125% of BTC, sometimes I change my miners to join a different pool - usually LTC or PPC. I use http://dustcoin.com/mining to check profitability of different currencies to see what I should be mining. I also double check the profitability numbers against the chart at https://www.coinotron.com/. I keep a small amount of these other currencies, but mainly trade them for BTC.
Now there is also Freicoin which I think is a very interesting alternate crypto currency (see http://freico.in). It's very early in its release so I can mine a high proportion of coins due to the relative low difficulty and relative low total hashrate. I have one GPU mining Freicoin for the potential of it having a reasonable exchange rate once an exchange is available.
What is your strategy for mining various cryptocurrencies?
submitted by cc5alive to CryptoCurrency [link] [comments]

Namecoin Charts website

Just a post which attempts to list all the sites I found useful when trying to learn more about namecoin.
Please feel free to suggest other resources that aren't so easy to find.
Note: title is misleading because I initially only was going to post looking for some NMC charts. Anyhow, I found some and decided to include a bunch of additional sites.
submitted by Mknox1982 to Namecoin [link] [comments]

can someone help me out?

I have never mined bitcoins but decided to try namecoins instead following the advice on this thread. I had the namecoind app running with my CPU (not sure how to get it to run off my GPU). I had it running for 24hrs without getting anything so I figured I'd try mining with the bitparking pool using the guiminer.
I guess I don't have openCL installed as I have a Nividia Getforce 8800 GTS (The openCL is greyed out in the options). It seems like I need a developer account from Nividia to get openCL. Is there any other way to get it?
So I tried selecting the CUDA miner instead. I follow the instructions on the tread linked prevesiouly, click 'start mining' and it just says 'starting....' forever. My CPU usage goes up to 50% though. Is this normal. Does the CUDA miner run off the CPU?
Do I need to have the namecoind app running too? I had the guiminer saying 'connecting...' at one point, not sure if this was because namecoind was running too.
Do I need anything else installed. Are the miners all contained in the guiminer? Am I missing something. The only things I have are namecoind and guiminer.
Thanks for the help anyone.
submitted by frenchphrasebook to Namecoin [link] [comments]

Just started mining tonight!

I just downloaded all the software, installed the client, and fired up poclbm. I'm running an nVidi 470 on Windows 7 on an i7 processor. It's been running for almost a half an hour, and I want to go to sleep, but I'm not sure that everything is hooked up right. I'm getting around 81,442 khash/s but nothing has shown up in my wallet when I hit namecoind getinfo. I know that I have to wait for a full block of 50 namecoins to hit, but how do I know that everything is connected right before I get that "hit?" I don't want to run this machine all night just find out in the morning that I made a mistake in the settings somewhere and decoded a bunch of namecoins that went into the trash or the ether or something. Is there any way for me to confirm that everything is working properly before I get coins?
edit: Joined the bitparking pool. Left her running overnight and got 1.2 namecoins. I'm getting alot of these, however:
16/06/2011 06:10:47, long poll exception:
Traceback (most recent call last):
File "BitcoinMiner.pyo", line 261, in longPollThread
File "BitcoinMiner.pyo", line 236, in request
File "json_init_.pyo", line 307, in loads
File "json\decoder.pyo", line 319, in decode
File "json\decoder.pyo", line 338, in raw_decode
ValueError: No JSON object could be decoded
Is this normal? I'm seeing this once for every four or five accepted shares.
submitted by MonkeyDeathCar to Namecoin [link] [comments]

GPU-friendly mining. 1m BTC market cap. 84m coins. 2.5 minute blocks. A Bitcoiner's report on Litecoin.

Litecoin, a Bitcoin-like Internet currency has seen its network gain significant hashing power in recent weeks, but the currency's long-term prospects remain unclear. This post aims to provide more information about the Litecoin network and currency.
In early to mid 2013, Bitcoin mining is likely to become largely unprofitable for GPU-miners due to the rise of efficient Bitcoin mining ASICs. It is expected that many GPUs will be removed from securing the Bitcoin network and will be redeployed for other purposes. Besides Bitcoin mining, there are three such uses for these GPUs: 1) gaming, 2) password recovery and security testing and 3) non-Bitcoin cryptocurrency mining. Since Litecoin is the cryptocurrency with the next greatest hashing power and is most efficiently mined with GPUs, understanding the current status of the Litecoin network and economy is desirable for those studying the options. Below, I have gathered information to help inform a decision on whether to commit resources to Litecoin.
Miners
The current hashrate of the network is roughly 3 gigahashes per second (GH/s). Due to Litecoin's scrypt-based mining algorithm, Litecoin hashrates are generally 1000 times slower than when mining Bitcoin on comparable hardware. Therefore, this hash rate is produced by an amount of hardware that would produce 3 terahashes per second (TH/s) on the Bitcoin newtork. The current 15-day window estimate for Bitcoin hashrate is 40 TH/s meaning the Litecoin network is roughly 7% the strength of the Bitcoin network.
Source: http://litecoinpool.org/pools, http://bitcoin.sipa.be/speed-lin-ever.png
History
Litecoin's genesis block was mined on Thursday Oct 13, 2011 at 03:00 GMT. Since then, over 15.5 million litecoins have been mined in the first 310,000 blocks. The network releases 50 litecoins per block which are targeted to be found evey 2.5 minutes on average. The block reward will halve every 840,000 blocks which will cause the network to produce 84 million litecoins in total.
The currency has traded in the 1.22 mBTC to 17.3 mBTC range since its birth. Trading is highly volatile with 40-50% changes occuring on a daily basis. Most trading volume can be found on the BTC-e exchange (https://btc-e.com) in the LTC/BTC market by a margin of 2:1 over the next highest volume of LTC/USD also at BTC-e. Other supporting LTC/BTC exchanges include Vircurex (https://vircurex.com) and BitParking (https://ltcexchange.bitparking.com).
All-time price statistics ------------------------- BTC - high: 17.69 mBTC on 3/12/2013 low: 1.22 mBTC on 8/15/2012 USD - high: $0.75 on 3/7/2013 low: $0.015 on 8/15/2012 
The current exchange rate for Litecoin at BTC-e is 12.3 mBTC or $0.55 for one litecoin.
Source: http://cryptocoincharts.com, http://btccharts.com, http://explorer.litecoin.net
Early-adopter advantage
The ability to acquire currency units cheaply through purchase or mining provided an important incentive to Bitcoin's earlier-adopters. By risking the loss of their time and money they have shared in financial gains proportional to the exchange rate and, by extension, the success of the system. Litecoin has a similar early-adopter incentive with one difference. Its launch into an already-sizeable community meant that a greater number of stakeholders existed from the beginning than were aware of Bitcoin in 2009.
A large proportion of early bitcoins were mined when it was extremely unclear if Bitcoin would last beyond a brief experiment. It is then reasonable to expect that many early users did not keep their wallet files or private keys and that a large proportion of early coins will never be spent. While it is difficult to estimate the magnitude of this effect, it provides a potential source of volatility in the future. In contrast, early Litecoin users, most of which were familiar with Bitcoin, could expect that Litecoin's success would make their coins worth keeping. The %-days-destroyed metric tracks what fraction of the money supply has moved since it was mined and for Litecoin is 60.3% versus Bitcoin's 43.7%.
source: http://explorer.litecoin.net, https://blockchain.info/charts/bitcoin-days-destroyed-cumulative
Diversification
Diversification helps to reduce risk and increase reliability of investments and technological systems respectively. Since Litecoin is the second-most established cryptocurrency and is also blockchain-based it may be used easily to diversify Bitcoin-denominated investments. The unique ease of currency exchange beween this currency pair results from each currency's decentralized management and low transfer fees. While current trading volumes and high volatiltiy limit Litecoin's use for significant and stable diversification, more research into LTC/BTC, LTC/USD, and BTC/USD exchange rate relationships is advised.
From a technical standpoint, Litecoin shares many features and the vast majority of its codebase with Bitcoin. Litecoin therefor provides little additional security benefit to the cryptocurrency ecosphere as bugs found in Bitcoin are likely to apply to Litecoin. Mining infrastructure is probably where Litecoin offers the greatest independence from Bitcoin due to Litecoin's use of the scrypt mining algorithm.
Since Litecoin is very similar in use, Bitcoin-accepting merchants and payment processors can support Litecoin payments with minor modifications to the software they are using though at this time only a small number of businesses accept Litecoin.
Development
The core client Litecoin-qt/litecoind is based on Bitcoin-qt/bitcoind. It is currently at version 0.6.3 and is based on the same Bitcoin software version. It is 8 months behind the current Bitcoin client. The Litecoin codebase is maintained at https://github.com/litecoin-project/litecoin as a fork of the https://github.com/bitcoin/bitcoin project. While the same revision control system is in use, the current development model lacks the formal testing and release verification of bitcoin-qt/bitcoind.
Outside the core client codebase, many of the documents and websites created when Litecoin was launched remain untouched, display incorrect information, or have disappeared completely though a number of new sites and services have appeared in recent weeks.
Service Availability
While Litecoin services such as a block explorer, historical charts, and an Instawallet-like web wallet do exist, there are a number of important services that are not yet available. There is no client-side encrypted web-based wallet comparable to Blockchain.info/wallet or the extensive macroeconomic charts at that same site. Mobile software is also limited to a few mining programs with no mobile wallet or exchange rate monitor apps available. Finally, exchange volume is highly centralized on the BTC-e exchange and there is no payment processor that provides any functionality similar to Bit-Pay or Coinbase.
Conclusion
This report has provided information on the Litecoin peer to peer Internet currency and will likely be obsolete within hours of its release in many of the figures quoted. The reader is encouraged to retrieve updated information from the sources included in the report as they will undoubtedly affect any decision on whether to support Litecoin.
submitted by dsterry to litecoin [link] [comments]

GPU-friendly mining. 1m BTC market cap. 84m coins. 2.5 minute blocks. A Bitcoiner's report on Litecoin.

Litecoin, a Bitcoin-like Internet currency has seen its network gain significant hashing power in recent weeks, but the currency's long-term prospects remain unclear. This post aims to provide more information about the Litecoin network and currency.
In early to mid 2013, Bitcoin mining is likely to become largely unprofitable for GPU-miners due to the rise of efficient Bitcoin mining ASICs. It is expected that many GPUs will be removed from securing the Bitcoin network and will be redeployed for other purposes. Besides Bitcoin mining, there are three such uses for these GPUs: 1) gaming, 2) password recovery and security testing and 3) non-Bitcoin cryptocurrency mining. Since Litecoin is the cryptocurrency with the next greatest hashing power and is most efficiently mined with GPUs, understanding the current status of the Litecoin network and economy is desirable for those studying the options. Below, I have gathered information to help inform a decision on whether to commit resources to Litecoin.
Miners
The current hashrate of the network is roughly 3 gigahashes per second (GH/s). Due to Litecoin's scrypt-based mining algorithm, Litecoin hashrates are generally 1000 times slower than when mining Bitcoin on comparable hardware. Therefore, this hash rate is produced by an amount of hardware that would produce 3 terahashes per second (TH/s) on the Bitcoin newtork. The current 15-day window estimate for Bitcoin hashrate is 40 TH/s meaning the Litecoin network is roughly 7% the strength of the Bitcoin network.
Source: http://litecoinpool.org/pools, http://bitcoin.sipa.be/speed-lin-ever.png
History
Litecoin's genesis block was mined on Thursday Oct 13, 2011 at 03:00 GMT. Since then, over 15.5 million litecoins have been mined in the first 310,000 blocks. The network releases 50 litecoins per block which are targeted to be found evey 2.5 minutes on average. The block reward will halve every 840,000 blocks which will cause the network to produce 84 million litecoins in total.
The currency has traded in the 1.22 mBTC to 17.3 mBTC range since its birth. Trading is highly volatile with 40-50% changes occuring on a daily basis. Most trading volume can be found on the BTC-e exchange (https://btc-e.com) in the LTC/BTC market by a margin of 2:1 over the next highest volume of LTC/USD also at BTC-e. Other supporting LTC/BTC exchanges include Vircurex (https://vircurex.com) and BitParking (https://ltcexchange.bitparking.com).
All-time price statistics ------------------------- BTC - high: 17.69 mBTC on 3/12/2013 low: 1.22 mBTC on 8/15/2012 USD - high: $0.75 on 3/7/2013 low: $0.015 on 8/15/2012 
The current exchange rate for Litecoin at BTC-e is 12.3 mBTC or $0.55 for one litecoin.
Source: http://cryptocoincharts.com, http://btccharts.com, http://explorer.litecoin.net
Early-adopter advantage
The ability to acquire currency units cheaply through purchase or mining provided an important incentive to Bitcoin's earlier-adopters. By risking the loss of their time and money they have shared in financial gains proportional to the exchange rate and, by extension, the success of the system. Litecoin has a similar early-adopter incentive with one difference. Its launch into an already-sizeable community meant that a greater number of stakeholders existed from the beginning than were aware of Bitcoin in 2009.
A large proportion of early bitcoins were mined when it was extremely unclear if Bitcoin would last beyond a brief experiment. It is then reasonable to expect that many early users did not keep their wallet files or private keys and that a large proportion of early coins will never be spent. While it is difficult to estimate the magnitude of this effect, it provides a potential source of volatility in the future. In contrast, early Litecoin users, most of which were familiar with Bitcoin, could expect that Litecoin's success would make their coins worth keeping. The %-days-destroyed metric tracks what fraction of the money supply has moved since it was mined and for Litecoin is 60.3% versus Bitcoin's 43.7%.
source: http://explorer.litecoin.net, https://blockchain.info/charts/bitcoin-days-destroyed-cumulative
Diversification
Diversification helps to reduce risk and increase reliability of investments and technological systems respectively. Since Litecoin is the second-most established cryptocurrency and is also blockchain-based it may be used easily to diversify Bitcoin-denominated investments. The unique ease of currency exchange beween this currency pair results from each currency's decentralized management and low transfer fees. While current trading volumes and high volatiltiy limit Litecoin's use for significant and stable diversification, more research into LTC/BTC, LTC/USD, and BTC/USD exchange rate relationships is advised.
From a technical standpoint, Litecoin shares many features and the vast majority of its codebase with Bitcoin. Litecoin therefor provides little additional security benefit to the cryptocurrency ecosphere as bugs found in Bitcoin are likely to apply to Litecoin. Mining infrastructure is probably where Litecoin offers the greatest independence from Bitcoin due to Litecoin's use of the scrypt mining algorithm.
Since Litecoin is very similar in use, Bitcoin-accepting merchants and payment processors can support Litecoin payments with minor modifications to the software they are using though at this time only a small number of businesses accept Litecoin.
Development
The core client Litecoin-qt/litecoind is based on Bitcoin-qt/bitcoind. It is currently at version 0.6.3 and is based on the same Bitcoin software version. It is 8 months behind the current Bitcoin client. The Litecoin codebase is maintained at https://github.com/litecoin-project/litecoin as a fork of the https://github.com/bitcoin/bitcoin project. While the same revision control system is in use, the current development model lacks the formal testing and release verification of bitcoin-qt/bitcoind.
Outside the core client codebase, many of the documents and websites created when Litecoin was launched remain untouched, display incorrect information, or have disappeared completely though a number of new sites and services have appeared in recent weeks.
Service Availability
While Litecoin services such as a block explorer, historical charts, and an Instawallet-like web wallet do exist, there are a number of important services that are not yet available. There is no client-side encrypted web-based wallet comparable to Blockchain.info/wallet or the extensive macroeconomic charts at that same site. Mobile software is also limited to a few mining programs with no mobile wallet or exchange rate monitor apps available. Finally, exchange volume is highly centralized on the BTC-e exchange and there is no payment processor that provides any functionality similar to Bit-Pay or Coinbase.
Conclusion
This report has provided information on the Litecoin peer to peer Internet currency and will likely be obsolete within hours of its release in many of the figures quoted. The reader is encouraged to retrieve updated information from the sources included in the report as they will undoubtedly affect any decision on whether to support Litecoin.
submitted by dsterry to CryptoCurrency [link] [comments]

Lots of long polls?

I noticed that I'm seeing a lot more long polls than I did when mining bitcoins. I'm using the bitparking pool. I know that long polls are a good thing, because it avoids stale hashes, but is there any flag I can change in poclbm to make them less likely?
Are they maybe more frequent becase the difficulty is lower in Namecoin, so blocks become out of date more quickly?
submitted by ferrarisnowday to Namecoin [link] [comments]

Bitcoin Mining Pool Review on Bitcoin com  Unbelievable ... Baby Elephant rescued... viewed with Alan Tours while on ... ALERT: Assault Weapon' Registration/Confiscation in Illinois. Bitcoin: Beyond The Bubble - Full Documentary - YouTube Noob's Guide To Bitcoin Mining - Super Easy & Simple - YouTube

The Bitcoin.com Pool is in partnership with mining datacenters in the U.S., Sweden and China. Chong noted: All of them are using hydro power. All our cloud mining is powered by hydroelectricity ... Enter the userid and bitcoin address to receive mining rewards. This address cannot be changed once you've accepted the form below. You'll need to register a new userid if you want to change it. Rank Pool Name Coin Name Currency Type Pool Link Vote; 11: Be: Monero: XMR: Go To Pool: 12: Betacoin: Betacoin: BET: Go To Pool: 13: Bigltc: Litecoin: LTC: Go To Pool ... Bitcoin has gone on an insane uptrend recently while the DOW, S&P and other traditional markets are trending downward. Do you think that it’s a little bit early to say this shows a decoupling from traditional markets? Yes, I think it’s too early to tell. I don’t think anybody knows. It’s hard to say, but there’s obviously enough ... Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu.

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Bitcoin Mining Pool Review on Bitcoin com Unbelievable ...

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