Thanks a bunch, os2sam.
Topic: Individual versus Group Mining - why different block rates? (Read 456 times)
...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found.
I appreciate your insights, os2sam.
You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares?
A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second.
Cheers!
So we are generally paid according to the performance of our machines, after all, regardless of what pools we choose?
Yep, smaller pools have more variance and larger pools have less variance. But it averages out to about the same over time. So you want a reliable pool with a low-ish fee and that includes transaction fees along with the block reward. There are some pools that don't include transaction fees and that is a significant amount now, so I would avoid those.
...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found.
I appreciate your insights, os2sam.
You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares?
A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second.
Cheers!
So we are generally paid according to the performance of our machines, after all, regardless of what pools we choose?
...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found.
I appreciate your insights, os2sam.
You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares?
A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second.
...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found.
I appreciate your insights, os2sam.
You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares?
At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash?
os2sam, I see, you addressed it after all. I missed it on first read. Are there any pools that reward miners according to blocks found, but with comparable find rates of nicehash? That is, I don't mind if the reward is low, as long as it is directly related to blocks found.
Your pay on Nicehash has nothing, directly, to do with finding blocks. They are a hash rate renter. So you get paid according to what others pay for your hash.
Bitcoin pools pay according to blocks found. You, and everyone else submit shares and when a block is found the reward is distributed to all who contributed hash rate toward that block. So if a pool takes a long time to find a Bitcoin block then it will take a long time to get paid.
There are different payment methods such as PPLNS which divides up your hashes into shifts and pays on multiple block finds for each share. This is designed, in part, to lessen the variance. PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. But if a PPS pool has bad luck ad doesn't find a block for a while it could bankrupt the pool and leave miners unpaid. So conventional wisdom attempts to steer people away from PPS pools. There are solo pools which pay you the entire block reward if you find the block, but unless you have allot of hash rate, multiple Petahashes, then that probably isn't worth while, but fun none the less.
At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash?
os2sam, I see, you addressed it after all. I missed it on first read. Are there any pools that reward miners according to blocks found, but with comparable find rates of nicehash? That is, I don't mind if the reward is low, as long as it is directly related to blocks found.
At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash?
Because, as I said, Nicehash rents your miners out to people who are mining lower difficulty altcoins, since they are lower difficulty the blocks are easier to find.
At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash?
At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin.
I have been mining for a few months. I have tried many mining pools. It seems to me that I find blocks easily in mining pools where finding blocks is not rewarded, but not at all where blocks are rewarded. At nice hash I am consistently finding at least 4 blocks per week, often as high as 8. But I have tried pools where such accomplishment is rewarded, ran the miner a week at a time, and I just ended up with zilk in my wallet. If I would be rewarded for my 4 - 8 blocks at the rate said to be the reward for such accomplishment at the private mining pools, I would do quite well financially. But I don't 
. There is mischief in this 
! There has to be. Someone help decode it.
. There is mischief in this ! There has to be. Someone help decode it. Jump to: