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Author Topic: Mining KaChingCoin (tech talk and config issues)  (Read 10252 times)

Mark

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Mining KaChingCoin (tech talk and config issues)
« on: March 29, 2014, 05:20:29 PM »
Okay, so I have started mining your coin via Pool mining. Everything is set, it has found many many blocks and so far 5 have been accepted but I havn't received any coins. Any idea why ? Please see I'm a newbie miner, so I'm not aware of the semantics.

Image is pasted below

« Last Edit: March 29, 2014, 08:29:38 PM by secco »

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #1 on: March 29, 2014, 05:33:17 PM »
Okay, so I have started mining your coin via Pool mining. Everything is set, it has found many many blocks and so far 5 have been accepted but I havn't received any coins. Any idea why ? Please see I'm a newbie miner, so I'm not aware of the semantics.

Image is pasted below



Taking a look now.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #2 on: March 29, 2014, 05:36:41 PM »
so anything ? Am I doing wrong somewhere ?

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #3 on: March 29, 2014, 05:37:27 PM »
so anything ? Am I doing wrong somewhere ?

I don't think it is you, hold on. I believe it might be the pool.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #4 on: March 29, 2014, 05:41:31 PM »
Sure, I will hold. Please see, I'm still mining as we speak.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #5 on: March 29, 2014, 05:43:58 PM »
Holy fuck ! Got 4 transactions of 3.15 coins each.

Got 2 more. Seems its working mate !

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #6 on: March 29, 2014, 05:52:40 PM »
Holy fuck ! Got 4 transactions of 3.15 coins each.

Got 2 more. Seems its working mate !

Very good! Guess what my next project is. Making the KaChingCoin wallet go "KaChing" when you get KaChingCoins. LOL.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #7 on: March 29, 2014, 05:55:19 PM »
Holy fuck ! Got 4 transactions of 3.15 coins each.

Got 2 more. Seems its working mate !

Very good! Guess what my next project is. Making the KaChingCoin wallet go "KaChing" when you get KaChingCoins. LOL.

Okay, who owns this pool ? Wanna know because I have heard that some pool owners stop paying or simply runaway. Secondly, I have earned 60 KAC coins from only 15 minutes of mining but they're still counted as immature. So what is this about ?

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #8 on: March 29, 2014, 05:57:42 PM »
Holy fuck ! Got 4 transactions of 3.15 coins each.

Got 2 more. Seems its working mate !

Very good! Guess what my next project is. Making the KaChingCoin wallet go "KaChing" when you get KaChingCoins. LOL.

Okay, who owns this pool ? Wanna know because I have heard that some pool owners stop paying or simply runaway. Secondly, I have earned 60 KAC coins from only 15 minutes of mining but they're still counted as immature. So what is this about ?

I do not know the person's name who runs this pool. He runs other P2Pools. This is P2Pool so it is impossible for him to stop paying. If you want to know more, google p2pool and read up on that. The 60 KAC will take about 20 minutes to start maturing. They take a little while to become valid! You got 60 coins because the Network Speed is low, but as more people start mining, the less you will get.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #9 on: March 29, 2014, 06:01:30 PM »
By less you mean ? like half a coin or none at all ? What else I need to know ?

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #10 on: March 29, 2014, 06:04:13 PM »
By less you mean ? like half a coin or none at all ? What else I need to know ?

It is all proportionate. Currently the network HashPerSec is 1018511 hashes. If that doubles, the difficulty to mine also doubles. It will then take twice the time to get the same amount of coins. Same if the network HashPerSec halves. Then in half the time you get the same amount of coins.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #11 on: March 29, 2014, 06:09:03 PM »
Oh. Has the difficulty increased because I'm not receiving that fast now ?

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #12 on: March 29, 2014, 06:17:30 PM »
Oh. Has the difficulty increased because I'm not receiving that fast now ?
[/quote

No. Although difficulty does matter in the long run, there is some randomness to mining coins. Usually mining averages out in about 3 hours. Due to the nature of mining, You could theoretically find 1,000,000 KaChingCoins is 1 minutes, or not find any KaChingCoins in 6 months. The odds of that happening are VERY slim, 1 in 1,000,000,000,000,000,000 maybe? But is is not uncommon to find 100 KAC 1 hour, 90 the next, and then 110 KAC the next hour.

Mark

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #13 on: March 29, 2014, 06:20:43 PM »
Well this is weird. I haven't received any coins in the past 15 minutes now. So I guess its works like you said.

Should i be worried ?
« Last Edit: March 29, 2014, 06:27:37 PM by Mark »

KaChingCoin

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Re: Mining KaChingCoin (Was: Re: [50 KAC] KaChingCoin Giveaway!)
« Reply #14 on: March 29, 2014, 06:29:02 PM »
Well this is weird. I haven't received any coins in the past 15 minutes now. So I guess its works like you said.

Should i be worried ?

I wonder if this is an issue with this guys pool. Let me check.

 

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