Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 171. (Read 472878 times)

Quote from: joblo on May 13, 2016, 10:00:38 AM

Over the long term the pool with the higher hashrate will find more blocks though, even if it's only one user mining.

Then whats the problem with maxminers.net then? Last 24h its 400% unlucky block found.

I am not a statistician but I have an opinion: luck. I agree with uowner, over time it's the hashrate
that will win.

The distribution of block time varies from 0 to infinity. Slow blocks can take mutiples of the average time
so a couple of very slow blocks would require a larger number of fast blocks to average out.

Let's look at an example of finding 2 blocks with a estimated TTF of 1 hour. The first blolck is found immediately
but the second takes 4 hours. That's an average of 2 hours/block even though the luck seems evenly distributed,
one very good, one very bad. It would take two more blocks found in zero time to match the average 1 hour TTF.

Yeah, but maxminers have about 90% "slow" block (about 200-700% above required shares)

Sorry guys we had an error in our hashrate calculation, the hashrate was displayed about twice as much as normal which also resulted in wrong or false stats.

Big thanks to ocminer who helped us finding it, its now corrected and the pool is showing correct values at all places.

uowner

newbie

Activity: 10

Merit: 0

Quote from: uowner on May 13, 2016, 08:33:55 AM

Quote from: uowner on May 13, 2016, 08:33:55 AM

Over the long term the pool with the higher hashrate will find more blocks though, even if it's only one user mining.

Then whats the problem with maxminers.net then? Last 24h its 400% unlucky block found.

I am not a statistician but I have an opinion: luck. I agree with uowner, over time it's the hashrate
that will win.

The distribution of block time varies from 0 to infinity. Slow blocks can take mutiples of the average time
so a couple of very slow blocks would require a larger number of fast blocks to average out.

Let's look at an example of finding 2 blocks with a estimated TTF of 1 hour. The first blolck is found immediately
but the second takes 4 hours. That's an average of 2 hours/block even though the luck seems evenly distributed,
one very good, one very bad. It would take two more blocks found in zero time to match the average 1 hour TTF.

Yeah, but maxminers have about 90% "slow" block (about 200-700% above required shares)

joblo

legendary

Activity: 1470

Merit: 1114

Over the long term the pool with the higher hashrate will find more blocks though, even if it's only one user mining.

Then whats the problem with maxminers.net then? Last 24h its 400% unlucky block found.

I am not a statistician but I have an opinion: luck. I agree with uowner, over time it's the hashrate
that will win.

The distribution of block time varies from 0 to infinity. Slow blocks can take mutiples of the average time
so a couple of very slow blocks would require a larger number of fast blocks to average out.

Let's look at an example of finding 2 blocks with a estimated TTF of 1 hour. The first blolck is found immediately
but the second takes 4 hours. That's an average of 2 hours/block even though the luck seems evenly distributed,
one very good, one very bad. It would take two more blocks found in zero time to match the average 1 hour TTF.

uowner

newbie

Activity: 10

Merit: 0

Quote from: uowner on May 13, 2016, 05:06:39 AM

Over the long term the pool with the higher hashrate will find more blocks though, even if it's only one user mining.

Then whats the problem with maxminers.net then? Last 24h its 400% unlucky block found.

eule

hero member

Activity: 756

Merit: 501

Over the long term the pool with the higher hashrate will find more blocks though, even if it's only one user mining.

Fuzzbawls

hero member

Activity: 750

Merit: 500

Quote from: Fuzzbawls on May 13, 2016, 03:20:49 AM

Quote from: Fuzzbawls on May 13, 2016, 03:20:49 AM

Can somebody explain me one thing?
Total hashrate of hodl.blockquarry.com is less then total hashrate of hodl.maxminers.net.
Why blocks in hodl.blockquarry.com are found more often then in pool hodl.maxminers.net?

Thank you!

Also very interested in this

pretty simple really: hashrate alone isn't what determines the speed at which a pool will find blocks. Number of miners also plays a big factor in it.

looking at the number of workers on the 3 pools now,
suprnova: 1095
blockquarry: 635
maxminers: 50

and the reported pool hashrates:
suprnova: 338kh/s
blockquarry: 101kh/s
maxminers: 151kh/s

difference in hashrate between blockquarry and maxminers really isn't that large, but the difference in number of workers is. the larger offset in number of workers is more than likely attributing to the higher count of blocks solved.

Now, when maxminers DOES solve a block, each miner will end up getting a bigger piece of the pie (for that block) because it is distributed amongst fewer users, so take that into consideration too.

For 3 years of mining firstly hear about that

its basic probabilities. mining isn't done in a linear fashion so the more people mining a block together, the greater probability that they can overcome a difference in raw speed against another individual/group...like 10 people searching a haystack for a needle vs 100 people searching, even if each of the 100 people are slower at searching than the 10, as a collective they have a higher probability at finding the needle given the nearly infinite "starting points" of searching.

uowner

newbie

Activity: 10

Merit: 0

Quote from: Fuzzbawls on May 13, 2016, 03:20:49 AM

Can somebody explain me one thing?
Total hashrate of hodl.blockquarry.com is less then total hashrate of hodl.maxminers.net.
Why blocks in hodl.blockquarry.com are found more often then in pool hodl.maxminers.net?

Thank you!

Also very interested in this

pretty simple really: hashrate alone isn't what determines the speed at which a pool will find blocks. Number of miners also plays a big factor in it.

looking at the number of workers on the 3 pools now,
suprnova: 1095
blockquarry: 635
maxminers: 50

and the reported pool hashrates:
suprnova: 338kh/s
blockquarry: 101kh/s
maxminers: 151kh/s

difference in hashrate between blockquarry and maxminers really isn't that large, but the difference in number of workers is. the larger offset in number of workers is more than likely attributing to the higher count of blocks solved.

Now, when maxminers DOES solve a block, each miner will end up getting a bigger piece of the pie (for that block) because it is distributed amongst fewer users, so take that into consideration too.

For 3 years of mining firstly hear about that

ushba

newbie

Activity: 31

Merit: 0

Can somebody explain me one thing?
Total hashrate of hodl.blockquarry.com is less then total hashrate of hodl.maxminers.net.
Why blocks in hodl.blockquarry.com are found more often then in pool hodl.maxminers.net?

Thank you!

Also very interested in this

pretty simple really: hashrate alone isn't what determines the speed at which a pool will find blocks. Number of miners also plays a big factor in it.

looking at the number of workers on the 3 pools now,
suprnova: 1095
blockquarry: 635
maxminers: 50

and the reported pool hashrates:
suprnova: 338kh/s
blockquarry: 101kh/s
maxminers: 151kh/s

difference in hashrate between blockquarry and maxminers really isn't that large, but the difference in number of workers is. the larger offset in number of workers is more than likely attributing to the higher count of blocks solved.

Now, when maxminers DOES solve a block, each miner will end up getting a bigger piece of the pie (for that block) because it is distributed amongst fewer users, so take that into consideration too.

Thank you!!!!!!!!

Fuzzbawls

hero member

Activity: 750

Merit: 500

Can somebody explain me one thing?
Total hashrate of hodl.blockquarry.com is less then total hashrate of hodl.maxminers.net.
Why blocks in hodl.blockquarry.com are found more often then in pool hodl.maxminers.net?

Thank you!

Also very interested in this

pretty simple really: hashrate alone isn't what determines the speed at which a pool will find blocks. Number of miners also plays a big factor in it.

looking at the number of workers on the 3 pools now,
suprnova: 1095
blockquarry: 635
maxminers: 50

and the reported pool hashrates:
suprnova: 338kh/s
blockquarry: 101kh/s
maxminers: 151kh/s

difference in hashrate between blockquarry and maxminers really isn't that large, but the difference in number of workers is. the larger offset in number of workers is more than likely attributing to the higher count of blocks solved.

Now, when maxminers DOES solve a block, each miner will end up getting a bigger piece of the pie (for that block) because it is distributed amongst fewer users, so take that into consideration too.

uowner

newbie

Activity: 10

Merit: 0