Bitcoin Forum
June 14, 2024, 01:02:10 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Will the mining pool not reward miners immediately?  (Read 82 times)
Keila Faith Villanueva (OP)
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
July 09, 2021, 03:24:47 AM
 #1

Whenever a miner succeeds in mining, will the reward of the mining pool be provided to the miner immediately? To some extent, will this not cause block congestion? Huh
NotFuzzyWarm
Legendary
*
Offline Offline

Activity: 3668
Merit: 2594


Evil beware: We have waffles!


View Profile
July 09, 2021, 04:02:49 AM
 #2

It all depends on how the pool is run. All pools have different timelines. Some will reward after the block has been confirmed enough times that the operators feel it is safe to payout, some will wait for 101 confirmations which seems to be the quasi-official 100% confirmed value.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
kano
Legendary
*
Offline Offline

Activity: 4522
Merit: 1844


Linux since 1997 RedHat 4


View Profile
July 10, 2021, 04:25:37 AM
Merited by NotFuzzyWarm (1)
 #3

The 101 limit is due to the fact that you cannot spend any block reward before 101 confirms.
If the pool uses the block reward output as an input to pay the miners, then of course it has to wait 101 blocks.

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
Discord support invite at https://kano.is/ Majority developer of the ckpool code - k for kano
The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
mikeywith
Legendary
*
Offline Offline

Activity: 2268
Merit: 6420


be constructive or S.T.F.U


View Profile
July 13, 2021, 01:08:09 AM
 #4

Whenever a miner succeeds in mining, will the reward of the mining pool be provided to the miner immediately? To some extent, will this not cause block congestion? Huh

A miner succeeds in mining faster than a pool can send, if you are using a PPS pool, every share you submit adds a tiny profit to your balance, the fees to send that is larger by a few orders of magnitude, this will not only cause " block congestion" it will probably cause the pool server to hang:-\, imagine having to send the rewards of a few thousands miners every second or so, it makes no sense what so ever.

Most pools have a daily payout at a specified time like 4 AM GMT, anyone who has a balance above the minimum threshold will receive their earnings, most PPS pools will not send you the freshly mined bitcoin, i.e, you don't need to wait for 101 blocks to send it, they use inputs from prior blocks which you can spend right after 1 block confirmation on most wallets.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!