Hello, I would know how can we estimate the block reward, cause op states that, per example, right now the reward is 0-1,000,000 for block 62000, but coinwarz and such sites state that block reward is 500,000.
Apart from this reward, we must sum the transaction fees as extra reward, it isn't?
And how can we calculate and estimation time to solo find a block?
Thanks in advance, doge to the moon!!!
As far as I know, the reward is a random number between 0 and the max, so pools will typically list the average.Apart from this reward, we must sum the transaction fees as extra reward, it isn't?
And how can we calculate and estimation time to solo find a block?
Thanks in advance, doge to the moon!!!
If the max reward is 1 million, the pool will tell that you can expect 1/2 million (since they do not know what the random number is going to be until it is rewarded) but it can be much larger - or smaller... That is the risk is you solo-mine - you can win big, or get very little, sort of playing lottery...
In a pool, you get a piece of every reward, so your average will indeed be your actual contribution in hash rate percentage of the average block reward, since a pool is supposed to find many blocks, so then you will see the averaging over many blocks showing close to that 1/2 million reward that they promise.
Hope this is clear.
here is a recent video I did about DOGE coins and people wondering why there are variances:
http://www.youtube.com/watch?v=4DXcU7jhUG8
Hope this helps! Comment rate and subscribe it if helped you!
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