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I just started hashing with you guys and I'm a little confused on the accepted rate.
I thought if a share was accepted that means the block was solved but surely that can't be right as I'm getting 10's of thousands of accepted.
Can anyone steer me in the right direction, thank you!
The term "share" comes from a traditional pool where it meant your share of the block reward, as evidence you were mining at the time. In solo mining it has no meaning apart from being useful feedback to you to know the pool considers you mining properly and to approximately calculate your effective hashrate.I thought if a share was accepted that means the block was solved but surely that can't be right as I'm getting 10's of thousands of accepted.
Can anyone steer me in the right direction, thank you!
Hi Ck, I do have an intersting thought about our pool.
As you introduced, ckpool automatically takes your bitcoin address and gives you a unique stratum connection mining to your own address.Well, it is literally soloing,
and also such a waste of our hashing power due to each one of us are runing invidually with our unique stratum connetions(different merkle root on coinbase address).
Why don't we share the same stratum address but reward and only reward the block finder and ckpool? Each one of us are having better chance of finding a block and we are still keep the who "soloing" idea.
OK please help me understand here.
Each block header contains Version, Previous Block Hash, Merkle Root, Timestamp, Bits and Nonce.
Our work is to find a blockhash of these information that is less than or euqal the target goal here.
If each one of us are using a unique startum connection, It will result different merkle root hash. So if this is the case, how do you distribute/define different work/shares to miners?
