Can all these pools adjust their round estimates so as to be accurate for miners.
Im starting to get sick of having to do the maths and figure out that a pool is being deliberatley deceptive over its round estimates in order to sucker in people.
I am going to start looking at the estimated payouts, and round rewards and naming and shaming these pools. As I believe people should be given the truth before signing up to a pool.
The max block reward is 500,000 now. Average block is 250,000. Any pool using more than this as an average is lying to you.
Quick way to check...
You will need this information from the dashboard:
Est. Shares 532,222 (done: 189.1%)
Pool Valid 1,006,450
Your Valid 8,704
Pool Invalid 6,962 (0.69%)
Your Invalid 0 (0.00%)
LEAF Estimates
Block 4,324.10949377
Fees 43.24109494
Donation 0.00000000
Payout 4,280.86839883
Work out your percentage of shares. Take your valid shares (in this example 8,704) and divide that by the pool valid (1,006,450). This gives 0.00864.
Now, look at your estimated reward for the block (in this example 4,324 coins). Now, as this reward represents your share of the coins, just divide the 4,324 by 0.00864 to give the pools estimated reward for the entire block.
In this case 4,324 / 0.00864 =
500,462.
This pool is using the
MAXIMUM block reward (500,000) as its estimate for earnings - thats why you are getting half the coins you thought you were going to.
Pool owners, fix this.
