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Bitcoin mining setup on Mountain Lion throwing an error… | Bitcoin News Bits  September 7, 2012 – 00:00

Posted by CoinBits on Sep 7, 2012 in News Bits |

Hey all… I am getting an error when I attempt to start up bit coin on my Mountain Lion setup… Agamemnon:poclbm JP$ /Applications/Bitcoin-Qt.app/Contents/MacOS/bitcoin-qt -server & 1 46626 Agamemnon:poclbm JP$ python /Applications/poclbm/poclbm.py -u XXXX –pass XXXX -d 0libc++abi.dylib: terminate called throwing an exception

Traceback (most recent call last): File “/Applications/poclbm/poclbm.py”, line 3, in from BitcoinMiner import * File “/Applications/poclbm/BitcoinMiner.py”, line 4, in from log import * ImportError: No module named log 1+ Abort trap: 6 /Applications/Bitcoin-Qt.app/Contents/MacOS/bitcoin-qt -server

I have googled the above error with little success. Anyone else out there using mountain Lion? If this helps, I installed the latest bitcoin which is called bitcoin QT. The docs I have for mining setup dictate to edit the bit coin.conf file and add “echo “rpcuser=username” > ~/Library/Application Support/Bitcoin/bitcoin.conf echo “rpcpassword=password” >> ~/Library/Application Support/Bitcoin/bitcoin.conf”

There was not a bit coin.conf file, so I created it and added the two requisite lines above.

Still get the error “abi.dylib: terminate called throwing an exception” and bit coin crashes.

Any help out there?

Thank you..

CW

See original article:


Source: coinbits.com

Well as of now

I've done research, once bitcoins stabilize again(we have to wait a day or two as people just basically ddos'd everything bitcoin they could to make prices stop, sold all of their coins, then stopped the ddos, watched prices crash, and then bought all those bitcoins back and more and got a huge profit per bitcoin.
the reason bitcoins are so difficult to mine are the fact only one is minted every 10 minutes, so to make sure that the blocks aren't being depleted and people aren't taking advantage of the system is to make it more and more difficult to mine as the hashrate increases, this will be a major detriment as soon as the ASIC miners are released

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