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Topic: biggest ARG pool has 110% of network hashrate? Scam? (Read 728 times)

member
Activity: 72
Merit: 10
is there a problem with this pool at the moment?  I can't access the site.

The site seems to be working again now. It was down for me too.

As to the original question of how the pool had 110% of the network's hash rate, the answer is likely very simple. arg.epools.org is by far the largest ARG pool and often it's running at 80%+ of the network's hash rate. The pool hash rate displayed is calculated by the pool itself based on the rate at which shares are being submitted to it. The global hash rate it displays is retrieved from the Argentum client itself. Due to the way that the network hash rate is calculated by the Argentum client (and this holds true for pretty much any coin based upon Bitcoin), it can at times be wildly inaccurate as it's calculated by measuring the rate at which blocks are found. Due to the element of randomness in block generation, it's possible for the network to at times generate blocks much faster or slower than would be expected for its actual hash rate. This introduces a (sometimes quite large) margin of error into the estimates of the network's hash rate. As the network grows larger, this margin of error shrinks. In the same manner, the pool's hash rate calculations can also become skewed by streaks of good or bad luck. Thus, we end up sometimes with a situation where a large pool may appear to have more than 100% of the network's hash rate. It's really just an estimation error, that's all.

I've been mining ARG and DGC at the *.epools.org pools for the past few weeks and found them to be great. They're definitely not a scam.
sr. member
Activity: 476
Merit: 250
What do you call a fish with no eyes? A Fsh!
def A SCAM stay away

Now it is acting normal... Time to upload the screenshot so ppl know I"m not paranoid delusional....

[img=http://s22.postimg.org/8jhqkgpyl/Screenshot_ARG_pool_Mozilla_Firefox.jpg]http://postimg Mozilla firefox ARG pool[/img]

img=http://s22.postimg.org/8jhqkgpyl/Screenshot_ARG_pool_Mozilla_Firefox.jpg
strange bbcode on these forums.... newbie luck.



Here, I posted it.
Just click the image button above and paste the URL in between the two tags.  Smiley
sr. member
Activity: 310
Merit: 250
In Crypto I trust.
is there a problem with this pool at the moment?  I can't access the site.
newbie
Activity: 4
Merit: 0
def A SCAM stay away

Now it is acting normal... Time to upload the screenshot so ppl know I"m not paranoid delusional....

[img=http://s22.postimg.org/8jhqkgpyl/Screenshot_ARG_pool_Mozilla_Firefox.jpg]http://postimg Mozilla firefox ARG pool[/img]

img=http://s22.postimg.org/8jhqkgpyl/Screenshot_ARG_pool_Mozilla_Firefox.jpg
strange bbcode on these forums.... newbie luck.
newbie
Activity: 14
Merit: 0
def A SCAM stay away
newbie
Activity: 4
Merit: 0

If you go to http://arg.epools.org you will see this :

Code:
 Network hashrate: 108.82 MH/s Pool hashrate: 114.64 MH/s Pool miners: 228 Pool workers: 66

If you think I'm joking I took a screenshot. Could someone else have the honor of posting their screen shot.

As Pauline Hanson once said in Australia, with very strong tone inflection: " Please Explain!".

I guess on epools.org they are giving it 110% percent........

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