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I don't know what I'm doing, but I'm doing it! (Brand new to bitcoin mining!)

Hello fellow miners! I recently compiled cgminer on my Xubuntu machine, and am GPU mining with a GTX 260 at approximately 50 Mhashes/s.
Awesome!
But, I don't really know what this means! I'm using a public p2pool with a 0.5% fee, and I have a wallet set up with an address at blockchain. I have a few beginner questions!
  1. At 50 Mhashes per second, how long until I see even 0.01 bitcoins? I'm not looking to get rich, just to have a little fun and see that number go up!
  2. When do the transactions into my wallet occur? Daily? Do I have to finish an entire "chunk", like [email protected]?
  3. Is there any indication in the cgminer display pane for how many transactions (blocks?) I'm completing, and how that translates into bitcoins?
  4. The bitcoins that I earn from mining - who is paying me? The guy hosting the server? Or the people transferring funds, paying transaction fees?
Sorry for the obvious questions, I couldn't find an FAQ here and other resources I've looked for are a little over my head!
submitted by SpazzyMcHoolihan to BitcoinMining [link] [comments]

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Der Miner darf als erste Transaktion in den neuen Block 12,5 Bitcoins an seine eigene Bitcoin-Wallet-Adresse reinschreiben. Somit wurden durch das Erzeugen des neuen Blocks gleichzeitig 12,5 neue Bitcoins geschürft. Die aktuelle Hashrate des kompletten Bitcoin-Netzwerkes liegt bei ca. 3,1 Exahashes/s (3.100.000.000.000.000 Hashes pro Sekunde). Multipliziert man diese Zahl mit 600 Sekunden ... Bitcoin Mhash Calculator Bitcoin Wallet Amazon Bitcoin Mhash Calculator Bitcoin Bug What Is A Bitcoin Payout Bitcoin Chart Stock 1 Bitcoin To Eur. Bitcoin Mhash Calculator Delete Blockchain Account Bitcoin Investment Stock Price Buy Online With Bitcoin Reddit Bitcoin Taxes Bitcoin Etf Winklevoss How To Get Involved In Bitcoin Bitcoin Mhash Calculator Bitcoin Machine Charlotte Nc Bitcoins Left ... The validation protocol is repeated millions of times per second based on how many MHash per second ... by purchasing a mining power of about 0.5 TH/s (about $80), the annual income runs at approximately $160 (or $0.45 per day). How to mine Bitcoin At home, on your own . The first of the three existing methods to mine bitcoins is to rely only on oneself and to work independently. However, it ... How many Ethereum can you mine a day? Based the mining hardware inputs provided, 0.02611168 Ethereum can be mined per day with a Ethereum mining hashrate of 500.00 MH/s, a block reward of 2 ETH, and a Ethereum difficulty of 3,308,864,066,531,288.00. For example the current network hashrate of Bitcoin is 140 EH/s (Exa hashes per second). To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. So why convert? For instance lets say you have an ASIC miner which is capable of delivering 14 TH/s. You can use the above tool to convert and compare your hash power with the overall network hashrate. Higher the hashrate ...

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How Much Can You Make Mining Bitcoin With 6X 1080 Ti ...

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