Payout changed due to difficulty yesterday.
0.0000000005355110 Last
0.0000000005271197 Current
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Why do trolls have so many newbie accounts?
You've shown the value of a share. That's easy to calculate - take current block reward and divide it by current network difficulty. Now you have the value of a difficulty 1 share. When you are mining and you up your difficulty to 1024, 2048, etc... you are only submitting shares of that difficulty. Each of those shares is equivalent to that many difficulty 1 shares. At the end of the day, when a block is found, the pool looks at how many difficulty 1 shares you've submitted, multiplies that by the value of each share and voila - you've got your payout. Obviously I've simplified it a bit, but that's the general idea.
So technically, pools are slightly lowering your shares by setting up default difficulties?
Say the miner puts out a nice downward curve of shares based on difficulty. Lots of 1s, less 512s, fewer 1024, etc and the setting is for 1024. Aren't you losing out on all the 1023s and lower as shares or is that just the price of mining to not flood the pool? Or does the share calculation factor in all the lost shares that were too small?
I see default difficulty swinging throughout the day, and am trying to figure if it's a good idea to lock it in at the high end. My S3 that I overclocked is preforming better and more stable than it was before, and now I have it locked on a diff of 512. It's always over 500gh/s average for the hour now. Just need to know if the stock s5s would benefit.
If you up your difficulty to say 512, you're saying "I'm only going to care about a difficulty 512 share". When you submit that to the pool, the pool says, "hey, you submitted 512 difficulty 1 shares. I'll credit you for 512 shares."