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Author Topic: Confused on mining OVER 100% of a block  (Read 2014 times)
hitndahedfred (OP)
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December 18, 2013, 03:03:41 AM
 #1
Hey guys n gals,

Would someone please tell me how more than 100% of a block can be mined?
We have a pool we started.

GENERAL STATISTICS
Pool Hash Rate   27.518 MH/s
Pool Efficiency   99.53%
Current Active Workers   17
Current Difficulty   3094.46568631
Est. Avg. Time per Round   124 hours 12 minutes 44 seconds
Est. Shares this Round   12674931 (done: 137.4%)
Next Network Block   480980    (Current: 480979)
Last Block Found   475340
Time Since Last Block   216 hours 42 minutes 26 seconds
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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December 18, 2013, 03:58:59 AM
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Because mining a valid block has a random element to it, the best you can do is estimate how many shares it will take until you find one. There is always going to be some variance between the estimated and actual amount. In this case, your pool has been somewhat "unlucky" in that it has taken more shares/time than the estimate (which is based on the current difficulty) predicted.
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December 18, 2013, 04:33:46 AM
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THANK YOU for the short, simple and concise reply.

 Grin
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