█▓▒░-< [ZPOOL.CA][BTC Multipool] The miners multipool >-░▒▓█ Paid 925+ BTC

[tbearhere]

Looks like I started something.

[ComputerGenie]

The pool is just the accumulation of all the hash submitted by its users.

BINGO!

Ignoring difficulty increases:

Hashrate of x = payout of y.

It doesn't matter if the pool has a 200MH, 20GH, 20TH, or 200PH rate; you get paid the same amount per your hash.

The pool buying tickets makes no sense.

"The pool" being the members of the pool as a single collective.

[tbearhere]

Enter into the equation  probability and time to hit a block that's the problem.
I'm getting 20 coins a day elsewhere pool 160gh 2 blocks an hr.  1.2 gh... here no coins a day at 3 gh. If 10-20gh pool and me 1.2 gh coins by advantage 30. The equation for this is complex it takes calculus to figure one out.
Because of a variables ... time to hit a block advantage time to hit a block. difficulty hitting a block.. amount of algorithms to solve a block .. other pools hashrates ect ect ect.
If I see zpool hashrate up to about 10-20gh i'm in.
Of course we can hit a bitcoin block with a cpu's hashrate of 1 kh in 1 minute of mining if we solo mine it but...   

[tbearhere]

The pool is just the accumulation of all the hash submitted by its users.

BINGO!

Ignoring difficulty increases:

Hashrate of x = payout of y.

It doesn't matter if the pool has a 200MH, 20GH, 20TH, or 200PH rate; you get paid the same amount per your hash.

The pool buying tickets makes no sense.

"The pool" being the members of the pool as a single collective.

You mean if the pool hit a block at exactly 1pm and exactly at that point everyone turns their miners off and I start mining and hit a block in 3 minutes  at 1% I only get 1% of the coins?  What happens to the rest?  thx
Or if i'm the only one mining at that point i start out at 100% and stay there?

[joblo]

Hashrate of x = payout of y.

Not quite.

Hash x = payout y

Like electricity it's paid by the total (kWh) not the rate (kW).

[ComputerGenie]

You mean if the pool hit a block at exactly 1pm and exactly at that point everyone turns their miners off and I start mining and hit a block in 3 minutes  at 1% I only get 1% of the coins?  What happens to the rest?  thx
Or if i'm the only one mining at that point i start out at 100% and stay there?

What I mean is that any given hashrate is worth a specific "value".
In the long term, if....
x=140 coins
and you have:
10% of x
or
1% of 10x
it doesn't matter the size of the pool, you still get 14 coins.

The pool could grow exponentially and it wouldn't effect you per rate "profit".

This is especially true with something like lbry where the network is confirming in blocks per second.

[ComputerGenie]

Not quite.

Hash x = payout y

Like electricity it's paid by the total (kWh) not the rate (kW).

If the town uses 1,000kWh and you use 100kWh and you pay $14 USD
or
if the town uses 10,000,000,000,000kWh and you use 100kWh, you still pay $14 USD
 

[pallas]

Blah blah.
It's pretty simple.
Pool hashrate means variance.
Worker difficulty means variance.
Both do not affect payouts.
For example mining lbry on zpool I've been lucky and got much more than expected.

[tbearhere]

You mean if the pool hit a block at exactly 1pm and exactly at that point everyone turns their miners off and I start mining and hit a block in 3 minutes  at 1% I only get 1% of the coins?  What happens to the rest?  thx
Or if i'm the only one mining at that point i start out at 100% and stay there?

What I mean is that any given hashrate is worth a specific "value".
In the long term, if....
x=140 coins
and you have:
10% of x
or
1% of 10x
it doesn't matter the size of the pool, you still get 14 coins.

The pool could grow exponentially and it wouldn't effect you per rate "profit".

This is especially true with something like lbry where the network is confirming in blocks per second.

Ok understood  but  if the pool hit a block at exactly 1pm and exactly at that point everyone gets paid and turns their miners off and I start mining in the pool alone and hit a block in 3 minutes  at 1% I only get 1% of the coins?  What happens to the rest?  thx

[ComputerGenie]

The pool (all miners collectively) tuns in a total amount of "shares".
You get paid for your shares based on how many shares you have of the total number.

If the pool submitted 200 shares and 2 of them were yours then you have 2% of the payout.

If the pool submitted 2000 shares and 2 of them were yours then you have 0.2% of the payout.

If the pool submitted 200 shares and 200 of them were yours then you have 100% of the payout.

[pallas]

And it looks like this is not clear yet: "the probability of finding a block doesn't depend on the time passed since the last block was found".

[ComputerGenie]

And it looks like this is not clear yet: "the probability of finding a block doesn't depend on the time passed since the last block was found".

That's especially true when (like I said before) the entire network is finding multiple blocks every second.

[tbearhere]

The pool (all miners collectively) tuns in a total amount of "shares".
You get paid for your shares based on how many shares you have of the total number.

If the pool submitted 200 shares and 2 of them were yours then you have 2% of the payout.

If the pool submitted 2000 shares and 2 of them were yours then you have 0.2% of the payout.

If the pool submitted 200 shares and 200 of them were yours then you have 100% of the payout.

Now i'm confused   what happens if i'm the only one mining and i hit a block

[tbearhere]

And it looks like this is not clear yet: "the probability of finding a block doesn't depend on the time passed since the last block was found".

That's especially true when (like I said before) the entire network is finding multiple blocks every second.

Multiple blocks every second.... yes just looked at my cmd window... funny multiple blocks.

[Spiffy_1]

So if the lottery resets every time a block is found and you start over from scratch, wouldn't the chance of winning increase  with more players on your team even though your payout goes down with more miners?

[pallas]

So if the lottery resets every time a block is found and you start over from scratch, wouldn't the chance of winning increase  with more players on your team even though your payout goes down with more miners?

Exactly. So in the long term, you get the same amount of coins.

[ComputerGenie]

Multiple blocks every second.... yes just looked at my cmd window... funny multiple blocks.

You are not the entire network. 

[tbearhere]

So if the lottery resets every time a block is found and you start over from scratch, wouldn't the chance of winning increase  with more players on your team even though your payout goes down with more miners?

Are you replying to me? 
If so yes.
But the extra coins where do they go with one miner only.

[ComputerGenie]

But the extra coins where do they go with one miner only.

There are no "extra coins".
Every block is worth x.
Every miner active in the pool, and working on that block, gets their "fair share" of x.

If you are the only miner active in the pool, and working on that block, then you get 100% of that block.
If your hashrate is 1% of every miner active in the pool, and working on that block, then you get 1% of that block.


All of this discounting fees, of course.

[tbearhere]

But the extra coins where do they go with one miner only.

There are no "extra coins".
Every block is worth x.
Every miner active in the pool, and working on that block, gets their "fair share" of x.

If you are the only miner active in the pool, and working on that block, then you get 100% of that block.
If your hashrate is 1% of every miner active in the pool, and working on that block, then you get 1% of that block.


All of this discounting fees, of course.

Thx that what I thought even if there are no other miners and I come in mining for one minute at any hashrate  I hit a block I get all 140 coins ...140 coins per block - pool fees.