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Author Topic: small pool query  (Read 93 times)
Riptide_NVN (OP)
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February 15, 2018, 01:27:49 PM
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I understand it takes longer to find blocks.

Is there a point however where there is no hope of finding a block in any reasonable timeframe?

For instance if you are on a pool with only 3-5 miners.  And hash rate (phi algo) is in the 300 MH/s or less range.  Is it a complete waste of time?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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February 15, 2018, 03:23:04 PM
 #2

I understand it takes longer to find blocks.

Is there a point however where there is no hope of finding a block in any reasonable timeframe?

For instance if you are on a pool with only 3-5 miners.  And hash rate (phi algo) is in the 300 MH/s or less range.  Is it a complete waste of time?

There is what you called a pool luck, a probability for mining, there are computations on how to determine a supposedly mining blocks for a pool.

see this thread

https://bitcointalk.org/index.php?topic=1754314.0

take a glance with #3 stated by xhomerx10 kudos to him

 
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3) nothing as it is random and unpredictable - though if it is continually unlucky perhaps you should avoid the pool
Riptide_NVN (OP)
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February 15, 2018, 03:29:00 PM
 #3

Hey thanks.  I'm sure if I stuck with it long enough a block would be found.

I suppose part of what I'm asking is this: "If there are only a couple miners on the pool are you essentially solo mining at that point?"

Because I know I don't have the hash rate to be doing that.
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February 15, 2018, 03:42:47 PM
 #4

Hey thanks.  I'm sure if I stuck with it long enough a block would be found.

I suppose part of what I'm asking is this: "If there are only a couple miners on the pool are you essentially solo mining at that point?"

Because I know I don't have the hash rate to be doing that.

Seems like it, depending on the Pool operators sharing policy when it hits a block, most probably most of the shares are with you a bit difference when solo where all rewards goes to you.
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February 15, 2018, 07:22:19 PM
 #5

Well shoot the other two dropped off and now its just me all by my lonesome.  :/

Probably take a week at this rate to find another block.  Might have to move over to another pool and just write off the last couple days of shares then.  Bummer.
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