0

I am a Pastor running one GUI wallet synced on two different Dual Xeon Graphics machines and get approximately a combined hashrate avg between them of 425-525 H/s, 117-127 on an 8 core, and 335-375 from a 12-core. But I look at logs and I've been mining with rough avg of 500 H/s now, for almost 48 straight hours, well over 60 blocks have come and gone, since I synced and began mining...yet, no change in balance. I intend to use this to help others, but I am not so sure everything is being done right, wallets are syncedd to current blocks, and continue to be, but I realy have no idea how I might check to see if I just need to set it and forget it....Please Help for the Love of God.

2

If you're using the GUI to mine, what's happening is the GUI is basically sending a message to its daemon to say "hey, this is my wallet address, please start mining, and then if you find a block, please pay the block reward to that wallet address."

That's fine, but note that you are solo mining. Mining rewards are only issued to a miner that solves a block. In a pool, pooled resources add hash power to increase the likelihood of finding a block. If a pool finds a block, it shares the block reward with the pool miners (generally minus a fee). In your case, you'll keep the entire block reward if you find a block, but your hash rate is very low compared to the network hash rate, so it will be very, very, very seldom that you find a block.

Assuming a network hash rate of 500 MH/s, and with your 500 H/s, you should statistically win 0.0001% of the time. There are 720 blocks mined per day, so you'd win .00072 blocks/day. This basically means you would win an actual block of your own every 1,400 days or so. So if the network hash rate were 250 MH/s, then you'd only have to wait, on average, 700 days for a block.

Considering that you may not want to play the lottery for several years before accumulating any winnings at all, you may want to use a pool mining software like xmrig or xmrstak, among possible others, and then mine on a pool.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.