Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: steampunkcrypt on August 24, 2016, 10:22:24 PM



Title: my antminer s7 found 7 blocks
Post by: steampunkcrypt on August 24, 2016, 10:22:24 PM
Can someone help me what does this mean my miner found 7 blocks? Help


i'm using f2pool for first time i have beeen mining for the past month and never i encountered like this


Summary

Elapsed     GH/S(5s)   GH/S(avg)     FoundBlocks   LocalWork      Utility     WU    BestShare

1h2m25s      4,905.64      4,710.33        7                    8,256,568    5.02    65,802.53
7

https://www.flickr.com/photos/22099613@N06/29102949162/in/dateposted-public/

what does this mean?


Title: Re: my antminer s7 found 7 blocks
Post by: philipma1957 on August 25, 2016, 12:13:31 AM
it means a whole lot of nothing.

you are mining at f2xtpool


Title: Re: my antminer s7 found 7 blocks
Post by: steampunkcrypt on August 25, 2016, 12:19:06 AM
why?


Title: Re: my antminer s7 found 7 blocks
Post by: philipma1957 on August 25, 2016, 12:24:56 AM
why?

why are you mining at that url  it is not really btc  it is btc classic  a different coin.  and you get paid in btc.

So f2pool is speculating that one day they can make btc classic valuable.


Basically you are digging in a copper mine  (btc classic)   and being paid from a gold mine (btc)

so if copper ever goes way up in price   the owners of the pool score since they pay you in gold.

The reason why you made 7 blocks is no one mines that coin much at all  so blocks are easy to earn.


Title: Re: my antminer s7 found 7 blocks
Post by: steampunkcrypt on August 25, 2016, 12:33:10 AM
thanks very helpful luckily i just spend an hour