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Title: found block while mining on nicehash - what does that mean? Post by: someredguy on August 08, 2014, 04:16:59 AM I'm fairly new to bitcoin mining. I just got my 2 new Antminers running yesterday. The status page shows I just found a block. What does that mean for me since I'm mining with nicehash?
https://i.imgur.com/EftTwMo.png Title: Re: found block while mining on nicehash - what does that mean? Post by: iglasses on August 08, 2014, 04:44:33 AM You found a block for an alt coin. You should have a balance in your account for either the coin you were mining or for BTC if they automatically convert it (not sure what nicehash does). You will not get the full value of the block since this is a pool.
Still pretty cool though! Title: Re: found block while mining on nicehash - what does that mean? Post by: LightningBlade on August 08, 2014, 05:56:38 AM I'm fairly new to bitcoin mining. I just got my 2 new Antminers running yesterday. The status page shows I just found a block. What does that mean for me since I'm mining with nicehash? https://i.imgur.com/EftTwMo.png Means that the one that rent your hash found a block. so he should be celebrating if its bitcoin... Title: Re: found block while mining on nicehash - what does that mean? Post by: someredguy on August 08, 2014, 06:00:33 AM How can you tell that it is an altcoin block that was found? They are bitcoin miners, right? I am using the bitcoin stratum. I am confused.
Title: Re: found block while mining on nicehash - what does that mean? Post by: elemental on September 02, 2014, 12:15:04 PM How can you tell that it is an altcoin block that was found? They are bitcoin miners, right? I am using the bitcoin stratum. I am confused. Best Share = 753,489 => not high enough for Bitcoin => must be an altcoin. When you mine with nicehash, you are being paid for shares by somebody else, who has some control over what work is being done. You could be mining on any SHA256 based cryptocurrency. It makes no difference to you as the payment for your shares is made by Bitcoin. |
