BitcoinTalk

Request: expected bitcoins per day display

109
Satoshi-only
BitcoinTalk
#1
From:
gould
Subject:
Request: expected bitcoins per day display
Date:
I'd be interested in seeing something like "expected bitcoins generated/day" next to (or in place of) the khash/s number. I'd rarely need to see the khash/s number since that won't change unless I make changes to the software or hardware, and the bitcoins per day figure is what I really want to know.

I know I can use the calculator at http://www.alloscomp.com/bitcoin/calculator.php but it's still easier just to see it displayed automatically.
BitcoinTalk
#2
From:
BitLex
Subject:
Re: Request: expected bitcoins per day display
Date:
what one could "expect" depends on luck and how much of it you expect to have on our block lottery. Cheesy
i guess that's pretty hard to calculate.
the average time to generate a block shown on the calculator website doesnt mean, you'll find a block after X days,
it still might happen, that you dont find one for a very long period.
people would complain even more than they do already, if the client tells them "you should have generated xy coins so far, but you had no luck".  Wink
BitcoinTalk
#3
From:
knightmb
Subject:
Re: Request: expected bitcoins per day display
Date:
Agreed, I had a 933MHz PIII generate (2) blocks when I have other machines running multiple cores that don't generate anything. It's mainly luck of the draw with those that have faster systems having a bit better luck.

I setup a new system for the farm a few hours ago and it got a block within the first hour, I was stunned, it wasn't even that fast, like 135 khash/s old PC.
BitcoinTalk
#4
From:
BitLex
Subject:
Re: Request: expected bitcoins per day display
Date:
hehe,
i just checked my old pIII laptop, that i set up ~12hrs ago,
it does ~150khash/sec @1066MHz and already won the race 10hrs ago.  Grin
BitcoinTalk
#5
From:
FreeMoney
Subject:
Re: Request: expected bitcoins per day display
Date:
I've been running two laptops. One does 1280k/sec and the other 580. The 580 found one first. It does run 24/7 though and I make my faster one stop when I do other stuff.

Oh, I keep hearing that there should be 6 blocks an hour, but it seems more like 80. And didn't the difficult just rest? So shouldn't it be close to the goal? I must have some misunderstanding.
BitcoinTalk
#6
From:
Insti
Subject:
Re: Request: expected bitcoins per day display
Date:
Quote from: FreeMoney on July 16, 2010, 09:26:02 AM
Oh, I keep hearing that there should be 6 blocks an hour, but it seems more like 80. And didn't the difficult just rest? So shouldn't it be close to the goal? I must have some misunderstanding.

Difficulty only adjusts every 2016 blocks.

The amount of processor power being applied is increasing faster than the difficulty is adjusting so we're getting about 27 blocks per hour at the moment.

There will be a big difficulty jump later today when we hit 68,544 blocks.



BitcoinTalk
#7
From:
gould
Subject:
Re: Request: expected bitcoins per day display
Date:
Quote
what one could "expect" depends on luck and how much of it you expect to have on our block lottery. Cheesy
i guess that's pretty hard to calculate.

I think of my machines running bitcoin as slot machines. I put in CPU time and energy costs in at a regular rate, and once in a while I get money back. If I'm to treat bitcoin as part of a business, then I need to be able to calculate my expected return on investment, just as a casino owner needs to be able to calculate how much money she's making off of her slot machines. I know that the bitcoin generation difficulty will stabilize at some point in the future, but at this point it would be useful to me to be able to calculate my ROI quickly and easily.

So, if nobody else is going to do it, I'll probably make a patch for this. Bitcoin donations appreciated, of course, and would help motivate me to make it available quickly. Smiley
BitcoinTalk
#8
From:
satoshi
Subject:
Re: Request: expected bitcoins per day display
Date:
Many businesses are like that.  For a car salesman, when will the next customer walk in the door?

On the OP's question, it's a good feature, but the question is, how would we word it so people don't expect to get something after that specific amount of time?  "it said 7 days and I waited more than a week and didn't get anything!"  Approx, average, but still they're going to think that way.  It can't be a whole sentence, unless we think of somewhere else to put it, but where would that be?  Suggestions?

The difficulty quadrupled a few minutes ago to 181.54.  It's going to take typically about a week to generate now.