Seems to work, I received some more today. The question is about getting hung up on long blocks, unlucky while other coins pay better as any residual mners have no chance of finishing a block really
LTC compares well mostly so I think its ok to wait to switch till finding a block, whats the longest a block has taken us recently
LTC compares well mostly so I think its ok to wait to switch till finding a block, whats the longest a block has taken us recently
It's hard to know as the stats show time between blocks but not if it was sustained or the MP went to other coins in between. I know there was a 15 minute period I was watching that no blocks were found and no payouts. Is the gaps between payout worth it if you eventually get a block? Not sure. I know when the MP is mining it shows like 3 hours in the stats to find a block give or take luck. There is an available block out there now but we are mining something else now.
JR
We mined LTC for about 5.5 hours today and found 8 blocks.
We're supposed to find about a block an hour.
People are struggling to understand how averages work. Maybe we hit LTC 2 times for 30 minutes each and don't find a block...but then the next time it hits it for an hour and finds 3. Higher hash rates help consistency...but in the long-run consistency isn't really that big of a deal as long as it all averages out in the end.
I think there *is* actually an issue that happens when the network hashrate spikes, however.
When the LTC block time goes substantially less than 2.5 minutes, we definitely find fewer than expected blocks. I've seen this play out over and over again. It's not simply an averaging thing. If the block time is at 2 minutes, we have 20% less time to find a block (on average, before a block is found on the network), so we are likely to find about 20% fewer blocks. It is during these times that connecting to a larger pool would give us an advantage.
If there is some flaw in my reasoning here someone please point it out.
Unless there is some kind of lag when detecting the new blocks, this shouldn't be an issue, right? Unless you have hard-coded settings based around 2.5 minute block times. Can you set a dynamic expiry, perhaps? I don't know the solution...but I guess this doesn't make sense to me.
Until the difficulty went over 500, I used to solo-mine LTC with 25 MH and I would get a better return than I did when mining at a pool (probably just a coincidence but it obviously wasn't a major disadvantage to solo-mine.) When th
e difficulty rose even higher, I started exclusively pool mining as I don't like waiting too long to find a block.
Just a thought: What about mining LTC until a block is found before switching again ? Should only take on average 1 hour.
