API - Bitminter mining pool

I just started mining and I have a couple of questions.

I've read a lot about it before I reverted to Reddit to get more help. But I just wanted to get some input from you guys rather to read threads and stuff that are 2 years old and what not.
So I just started mining today purely out of curiosity. I don't plan to make loads of cash but just to say I've mined a btc. Anyway, I'm in Slush's pool using GUIMiner, my wallet isn't fully syched yet but I'm mining, is that a bad idea? I have a couple more question. I appreciate your guys help.
1.How long do you guys mine for each day?
2.How long did it take for you to make your first full btc?
3.I read somewhere that mining would be dead in 1 or 2 months, (that blog being posted in February) is that correct?
4.I only have a 7870 and I have 330Mhash/s, what can I expect out of that?
5.I've read a lot of people giving other people advice saying you need 3 or 4 gpu's other wise you are only covering energy & fee prices, is that true?
6.With a rig like mine, single 7870, how much energy would it be costing me a day?
7.As of right now, I have 602 accepted shares & 3 stale/invalid. What does this mean?
Thanks, you guys are probably fed up of questions like these but I'd rather talk to someone than to read for hours through forums and blogs that are years old and may be incorrect.
submitted by Meljum to Bitcoin [link] [comments]

How come my bitminter client isn't functioning at the speed the bitminter shows me?

Whenever I use bitminter it says my speed is around 17 mhps which is only .02 ghps. However, when I go onto the bitminter website it says my power is 415 thps. As I am new to bitcoins and would like to use mining to get into it as apposed to investing cash, I would like some advice to why my speed is so slow.
submitted by jasonk123 to BitcoinMining [link] [comments]

New to this who Bitcoin mining thing. Just have some questions.

Im usually pretty good a googling everything but a lot of websites seem to be down.
Just have some questions about Bitcoin mining if anyone would like to shed their light on me.
1.) I am running a java based clint though Bitminter. (Its the only one I can get working on the mac) It says that I'm getting a speed of 50 - 60 Ghps. Is that good? How much bitcoin with that generate. It has been spinning for 3 hours and i haven't generated anything just around 200,000 work units started on.
2.) It says that the approx. mint speed is between 1.5 to 2 bitcoin per day. Is that what I'm going to receiving?
3.) When it checks my live stats it says that I'm not contributing anything when the client says im doing 50-60Ghps.
Sorry for being a N00b. I appreciate everyone in advance for helping me.
Edit BitMinter is now saying I am doing stuff but only at 0.143 Mhps where the client is saying 60Ghps. I'm clearly missing something here.
submitted by strikerthedj to Bitcoin [link] [comments]

N00b here. Need some help :D

Im usually pretty good a googling everything but a lot of websites seem to be down.
Just have some questions about Bitcoin mining if anyone would like to shed their light on me.
1.) I am running a java based clint though Bitminter. (Its the only one I can get working on the mac) It says that I'm getting a speed of 50 - 60 Ghps. Is that good? How much bitcoin with that generate. It has been spinning for 3 hours and i haven't generated anything just around 200,000 work units started on.
2.) It says that the approx. mint speed is between 1.5 to 2 bitcoin per day. Is that what I'm going to receiving?
3.) When it checks my live stats it says that I'm not contributing anything when the client says im doing 50-60Ghps.
Sorry for being a N00b. I appreciate everyone in advance for helping me.
Edit BitMinter is now saying I am doing stuff but only at 0.143 Mhps where the client is saying 60Ghps. I'm clearly missing something here.
submitted by strikerthedj to BitcoinMining [link] [comments]

Are all the bitcoin mining calculators wrong and is bitcoin mining based only on luck?

If I understand correctly, pools compete with each other to find the right hash of a single block before the others.
The first pool finding the hash gets the 25 bitcoins + fees.
The fact that a pool finds the hash before the others is based on pure luck. All the users of each pool continue to submit hashes. When one of those hashes complies with the difficulty level, the pool has mined the block and gets the bitcoins.
For example, I am mining right now on the gnash.io pool and the pool was able to get the right hash of many blocks one after the other. I get the same amount for each block mined, roughly 0.000026 for 1 Ghps. If the pool mines 5 blocks a day, I get 0.00013 bitcoins, but if the pool is lucky and mines let's say 15 blocks a day, I get 0.00039 bitcoins.
Bitcoin mining calculators can't predict this.
EDIT: just to confirm this, the pool I am using mined 29 blocks yesterday and 40 the day before.
submitted by botolo to BitcoinMining [link] [comments]

Bitcoin Mining Software ~ Free Activation Key 2020 - YouTube Inside a Bitcoin mine that earns $70K a day - YouTube RTX 2080 TI Mining Hashrate - YouTube 5GHs Bitcoin mining rig - YouTube Inside a Secret Chinese Bitcoin Mine - YouTube

The hash rate of the bitcoin network has exceeded (or is very close to) 1 Petahash per second (PH/s), according to various charts online. TradeBlock, which runs its own mining dashboard, reported ... Bitminter shuts down mining 2020-07-01 and website 2021-06-01. API. ... The pool's hash rate in Ghps: active_workers: The number of currently active workers: active_users: ... 2020.01.03 Today Bitcoin has been live for 11 years! 2019.06.26 Today marks 8 years since the launch of Bitminter. Thank you to all who mine and mined with Bitminter over ... Estimated earnings / sec = Ghps * 1e09 / 2^32 * B / D * exch.rate - elec.cost / 1e03 / 3600 * watts. Ghps = estimated device hashrate in Ghps. B = bitcoin block reward, currently 50 btc, soon to be halved to 25 btc. D = mining difficulty, currently 3072321. exchange rate = btc to your currency exchange rate. elec.cost = cost of your electricity ... Bitminter shuts down mining 2020-07-01 and website 2021-06-01 You Total Difficulty The chance that a proof of work will create a block is 1 divided by the difficulty. The bitcoin network automatically adjusts the difficulty with the aim of producing a block every 10 minutes. 400 GH/s Bitcoin Miner springs to life with Raspberry Pi Bitfury’s 400GH/s Bitcoin mining rig uses 16 individual hashing boards controlled by a single Raspberry Pi – BItfury ASIC chips use a 55nm process and are sold running at an estimated 1.56 GH/s per chip, with demonstrated performance up to 2.7 GH/s.

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Bitcoin Mining Software ~ Free Activation Key 2020 - YouTube

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