Topic: A question about mining process (Read 194 times)
I am back here after time.Thank you very much ! Really appreciate.
Thank you for your answer.So this means that if you mining with power of 100 Ghs (and difficulty will not change) then, system will give "time to find block" always fixed amount for example 2 hours and this amount will not change even after 2 hours of your mining but meaning that "with this power usually will takes to you to find block after 2 hours".I mean after you start mining, your past mining work is not calculated and not stored in any memory to continue on it later.It is just an indicative number ?
Yes, it is just an indicative number.
To find a block there are a few parameters depending on it:
1. Block time (BT)
2. Total Hashrate (TH)
3. Your Hashrate (let's say this 'x')
4. Luck
Now, the time to find a block with x hashrate is : (x/TH) * BT
But that time is just an estimation.
For explanation sake, let's say with your hashrate it takes 4 hrs to mine a block but it could take more or it could take less than that.
Now here comes the factor of luck, if you are lucky you may hit blocks successively under the estimation time and your luck will be above 100 for that time period.
If it takes more time to hit blocks then it will be less than 100 for that time period.
But on a larger time scale like a month, the luck parameter will average out to be around 100%
Now about your question for work saved. The work is not at all saved and it will start calculating hashes again and it may take the estimated time to hit the block.
I definitely recommend watching this video for a better understanding: https://www.youtube.com/watch?v=bBC-nXj3Ng4
Thank you for your answer.So this means that if you mining with power of 100 Ghs (and difficulty will not change) then, system will give "time to find block" always fixed amount for example 2 hours and this amount will not change even after 2 hours of your mining but meaning that "with this power usually will takes to you to find block after 2 hours".I mean after you start mining, your past mining work is not calculated and not stored in any memory to continue on it later.It is just an indicative number ?
A block is found roughly every "x" minutes on a network (depending on what coin). The timer on a pool is only a "best guess" but not guaranteed so it is irrelevant as it may take more or less time to find one. Thats the "luck" aspect to do with mining, especially when you are essentially solo mining on a pool.
Hello i have a question please.We suppose you mining in a pool but you are alone (no other workers in it)."Time to find block" is for example 10 hours.After 5 hours of mining in a coin, you didn't find block and you leave the pool. After some hours or after a day, you return back to pool and you continue to mining.The question is "the time to find block will reset and start again from 10 hours, or will continue from the point you left the pool so you will need 5 hours only to find the block?".Please anyone if have knowledge let me know.Thank you.
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