GoldCoin Talk

Main Category => Mining & Pools => Topic started by: jonbit on February 23, 2014, 07:24:35 PM

Title: How long does it take?
Post by: jonbit on February 23, 2014, 07:24:35 PM

I see in my wallet that it has two choices, Solo mining and Pool mining.  My hash rate is about 12000 per second on solo mining. How long would it take to get coins and how many?

Does Goldcoin have Faucets? I seen a few but they don't seem to work. I'm really just trying to get a feel for this coin.

Title: Re: How long does it take?
Post by: dustint on February 23, 2014, 08:12:34 PM

for mining I would set up cgminer 3.7.2 and then set up an account and a worker on a pool     http://gld.cloudmines.net    then configure your settings for cgminer in a .bat file and mine away. 

Title: Re: How long does it take?
Post by: jonbit on February 23, 2014, 08:43:10 PM

I can't seem to find any real answer as to how long it takes. When can i see the coins in my wallet from the time i start to mine?

Title: Re: How long does it take?
Post by: dustint on February 23, 2014, 09:36:26 PM

sorry i have never mined just using the wallet. Are you mining with a cpu or gpu?  When solo mining you could be lucky and hit a block right away and be rewarded 45 coins  or it could take longer because it is pretty random.  Pool mining is more consistant on the coins rewarded because every block of 45 coins found is divided up between all the miners in the pool.

Title: Re: How long does it take?
Post by: jonbit on February 24, 2014, 03:44:50 AM

Thank you for the information. So it's random well that would explain why they call it mining. What is a normal range to expect a find?

Right now I'm using an 8 core cpu just trying to learn how this all works.

Title: Re: How long does it take?
Post by: dustint on February 24, 2014, 09:50:26 AM

you can estimate the amount of coins that you can mine based on your mining speed.  Cpu speed is pretty slow compared to gpu.  My guess with your cpu would be around 10-25 kh/s  so that would give you 5-10 goldcoins per day.  The new top of the line gpu's can pump out over 800 kh/s

Title: Re: How long does it take?
Post by: Stouse49 on February 24, 2014, 11:02:39 AM

If solo mining at 12KH/s, then it may take an average of 7 to 8 days to solve a block worth 45 coins.

If pool mining at 12KH/s, then it one may yield about 6 coins per day.

Title: Re: How long does it take?
Post by: jonbit on February 24, 2014, 01:54:48 PM

how much faster is a GPU (NVidia 6600 TI) then my AMD FX-8350?

Title: Re: How long does it take?
Post by: hiburak on February 24, 2014, 06:39:39 PM

Based on the following link,  GTX 660 Ti can do somewhere between 150-220 kh/s.

https://litecoin.info/Mining_hardware_comparison

For mining purposes, AMD (ATI) gpus (specifically R9 series) are commonly preferred.

Title: Re: How long does it take?
Post by: jonbit on February 24, 2014, 08:02:06 PM

Okay i did some research and learn about how to set it up and run the cudaminer lets see how well this works out. What are the best mining sites?

Title: Re: How long does it take?
Post by: hiburak on February 25, 2014, 09:20:24 PM

The information about the pools can be found at the page below:

http://gldcoin.com/pools-and-nodes/

Some of the pools that are available and actively used:

http://gld.cloudmines.net/
http://gld.hashfaster.com/
http://gld.minepool.net/
http://gld.cryptcoins.net/

When you visit a pool website, you might want to click on "Getting Started" link to learn more about the necessary steps.