newbie noob question

[HiTmanSql]

considering the reward is 25bitcoins, and 20 people or more in one pool, its a lot of power usage for 1 bitcoin

No, there are usually like thousands or tens of thousands of people currently mining in one pool, from what I remember.  Might be even more now.

wait what

and the payout is 25 bitcoins divided amongst all those people??

[--Encrypted--]

considering the reward is 25bitcoins, and 20 people or more in one pool, its a lot of power usage for 1 bitcoin

No, there are usually like thousands or tens of thousands of people currently mining in one pool, from what I remember.  Might be even more now.

wait what

and the payout is 25 bitcoins divided amongst all those people??

yes. how much they get varies according to their hashing power

[Josef27]

considering the reward is 25bitcoins, and 20 people or more in one pool, its a lot of power usage for 1 bitcoin

No, there are usually like thousands or tens of thousands of people currently mining in one pool, from what I remember.  Might be even more now.

wait what

and the payout is 25 bitcoins divided amongst all those people??

yes. how much they get varies according to their hashing power

And depended of the pool's reward types
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

[bite my coins]

thanks guys, ive got a lot of help from coming to this forum. thanks very much. cheers

[stupididiot]

thanks guys, ive got a lot of help from coming to this forum. thanks very much. cheers

am glad the post was made. ive learnt many things too

[GreenStox]

what are bitcoin pools??

Since the probability of you getting a bitcoin block is so tiny that with a little mining capacity it would take thousands of years to get one.

Instead you join a pool, the pool has alot of cumulative mining power, thus they will 100% get the blocks, if not the other pools get them.

And then they will distribute that block proportionally between the miners based on their mining capacity, so that everyone gets their fair share.

[Netpyder]

what are bitcoin pools??

Since the probability of you getting a bitcoin block is so tiny that with a little mining capacity it would take thousands of years to get one.

Instead you join a pool, the pool has alot of cumulative mining power, thus they will 100% get the blocks, if not the other pools get them.

And then they will distribute that block proportionally between the miners based on their mining capacity, so that everyone gets their fair share.

ah that i did not know. i thought it was just a first come first serve. its good for it to be distributed amongst the appropriate amount of capacity you are running on. makes it a fair game

[GreenStox]

what are bitcoin pools??

Since the probability of you getting a bitcoin block is so tiny that with a little mining capacity it would take thousands of years to get one.

Instead you join a pool, the pool has alot of cumulative mining power, thus they will 100% get the blocks, if not the other pools get them.

And then they will distribute that block proportionally between the miners based on their mining capacity, so that everyone gets their fair share.

ah that i did not know. i thought it was just a first come first serve. its good for it to be distributed amongst the appropriate amount of capacity you are running on. makes it a fair game

Well its the equivalent of a work union in real life, people unionize and work more efficiently that way. While here its called a pool.

[boavico]

Someone here can help me answering for this !

I have 2 acc here (both Jr.Member) but both are banned. But I have seen many members here are selling their BCT account even 10 account. Why

aren't they banned ? I don't know what is the rule?

[LuckyBtc]

Someone here can help me answering for this !

I have 2 acc here (both Jr.Member) but both are banned. But I have seen many members here are selling their BCT account even 10 account. Why

aren't they banned ? I don't know what is the rule?

The reason for ban might be low quality posts. You should ask this question in meta. If you keep on posting like this all of your accounts will be banned permanently.

[Josef27]

Someone here can help me answering for this !

I have 2 acc here (both Jr.Member) but both are banned. But I have seen many members here are selling their BCT account even 10 account. Why

aren't they banned ? I don't know what is the rule?

It's seem selling account isn't againts the rules, unless you post some spam and low quality post like the above said