Hi,
Is this the official way to determine my current balance? Is there any page about the payout? I mine using 5 pieces of dragon t1 since 3 days and my postponed balance seems to be $25 which should have to be much higher!
So i'd like to know:
- what is the payout period (or what is the estimated expected payout period)?
- what is the minimum payout?
- is there any official balance or payout info of the pool?
It's very nice to be technical description of why this algorithm is good, why better then other etc, but for and average miner it'd be much important to know the current status of his mining, And there is not any such info on the page.
you just don't understand the method.
it is on the page one.
what you don't understand is the concept of 500% before you get full shares.
here goes nothing.
80Th is
80000 gh
the pool is 19ph as I type.
http://ckpool.org/19 ph is 19,000,000
a full share for you is 80,000/19,000,000 or 0.0042105 of a each block made
so 0042105 x 12.6 = 0.053052 btc.
now the kicker is this 19,0000,000 earns 1.153 btc a day since 500% is the goal that is 5x 12.6 or 63 coins
63/1.153 = 54.64 days before you get full shares...
you are at 3 days so 3/54.64 x 0.053052 = ? your current share is about 0.0029128 or close to 24 days.
Your question is why is this method better then any other?
the answer is no method is better then this one as long as the pool maintains okay luck.
the pool is fee free
the pool gives all transaction fees
below is what 108 days of mining could do.
notice 54 days to peak your share to full
and then 54 days to zero the share out.
this is really good if coins jump up in price once you peak to full.