a prayer for an orphan block
how do oprhan blocks occur?
When the guy said die block he is refering to the extra long round. Currently we have been mining 22 hours and still haven't found a block. In relality the only thing this means for you is that until a block is found your payment won't start confirming. In reality this means that the pool owner has to pay A LOT out of his pocket because this is an unlucky round. Here you do the math:
2,036,671 shares = a block (in theory)
Current round shares: 11,782,916 shares
So if the pool pays 0.0000245498648641 per share, 0.0000245498648641 * 11782916 = ~289.27BTC and counting every share submitted, that means this round the pool owner is paying out about 239.27BTC of his own (and counting) so he is loosing almost $2600 this round.
What does this mean for you? Nothing. Just pray we find a block soon so we don't put rex any more in debt.
And to answer the orphan question, an orphan block is a block that doesn't count and then rex wouldn't even get 50BTC from a block to help pay out the round. Here is a good explination from
Block chain wiki page:
Blocks in shorter chains (or invalid chains) are called "orphan blocks", and while they are stored, they are not used for anything. When a block becomes an orphan block, all of its valid transactions are re-added to the pool of queued transactions and will be included in another block. The 50 BTC reward for the orphan block will be lost, which is why a network-enforced 100-block maturation time for generations exists.
What does this mean for you? Nothing, because for every share you submit you are paid for it, regardless as to if it is a block winning share or not. Even if the round was an orphan, you would still be paid for every single share. So don't worry, rex does all the worrying for us.
