Topic: Mining Pools Quote Adam Back (Read 369 times)
Oh - thought that was about last VIABTC communication ... there you can find also some quotings ...
the chance of getting a block is very very low when doing it alone. so it makes sense to join together to increase your chance and take a share of the winnings regularly. rather then do it alone and wait forever for a one time win
Thx Franky!!!
the chance of getting a block is very very low when doing it alone. so it makes sense to join together to increase your chance and take a share of the winnings regularly. rather then do it alone and wait forever for a one time win
Guys, Ive find a quote from Adam Back regarding mining pools:
There is also one more factor on mining protocols. So many people use pools because it’s – you know,
it’s a very large hashrate, and so you get low latency. And so long frequencies between winning blocks
and high variance. And such that there is a variance, they use that.
What does he mean with that?
Thx in davance
There is also one more factor on mining protocols. So many people use pools because it’s – you know,
it’s a very large hashrate, and so you get low latency. And so long frequencies between winning blocks
and high variance. And such that there is a variance, they use that.
What does he mean with that?
Thx in davance
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