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Author Topic: my miner s9 found blocks did I get full reward  (Read 99 times)
bullnw
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August 05, 2018, 04:23:48 AM
 #1

Hello,

question from newbie..
what's mean by my s9 miner foundblocks 1 ?
I set the user with external wallet address, not using internal nicehash wallet and the stratum to: stratum+tcp://sha256.usa.nicehash.com:3334#xnsub.
https://ibb.co/e5FUtz
Did I get a full reward of 12.5 BTC or shares among seller miner's in nicehash ?
please help explaining.

thank you very much.

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jamesbondbd007
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August 08, 2018, 03:24:37 AM
 #2

This will be a block for the pool, not for personal means, You will get only recive a very small share worth of reward from your pool. And, you won't be able to spend the reward until a certain limit for e.g 200 blocks have been mined, in respective to your one and more.
bullnw
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August 08, 2018, 10:10:10 AM
 #3

Thank you very much for the explanation.
other question:
btw what the impact if the miner who found the block quiting mining for the pool before reach 100 plus blocks confirmation, is the block would staled / invalid?
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August 08, 2018, 12:59:15 PM
 #4

btw what the impact if the miner who found the block quiting mining for the pool before reach 100 plus blocks confirmation, is the block would staled / invalid?
depending on how the pool calculates/distributes reward shares, the said miner may get less shares
the block itself should've already been broadcasted by the pool as soon as it was found
and its reward has been claimed by the pool but available to contributing pool members only after certain period (block counts)

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August 08, 2018, 04:17:53 PM
 #5

If you mine in a pool and you find a block, the block reward is shared among all the pool miners. You don't get to keep it yourself. But, the sad part is your portion would be very small due to sharing with a lot of other miners.
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August 09, 2018, 12:13:10 AM
 #6

Thank you very much for the explanation.
other question:
btw what the impact if the miner who found the block quiting mining for the pool before reach 100 plus blocks confirmation, is the block would staled / invalid?

The block reward is paid by a transaction in the block that is found (called the "coinbase" transaction), so it is immediate and permanent (unless the block is orphaned). The payment is made to an address supplied by the pool. Quitting mining after the block is published has no effect on anything.

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August 09, 2018, 03:18:16 AM
 #7

You got the block reward when you found the block. The block reward should be transferred to whatever address you have provided. However, you won't be able to spend the block reward until other 100 blocks have been mined upon the block you have found already.
bullnw
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August 09, 2018, 08:09:53 AM
 #8

well I still dont get it. Im noob's on this matter.
in this case I as a seller of hashrate in nicehash.com. I setup external wallet address.
my miner s9 show that found blocks '1'.
I dont how nicehash transfer the reward since until now I did not see the block reward present in my unpaid balance nor my external address wallet.
Do I will not get it since I mined for the pool or have to wait until others 100 blocks found and matured?

thank you.
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August 09, 2018, 12:45:27 PM
 #9

I got the answer from NiceHash.com support:
https://ibb.co/haddd9

bottom line FAQ or Help explanation on how nicehash work its UNCLEAR / Not Mention about the block found rewards.
My interpretation by Selling HASH POWER is not meant I Sell all my Hardware Miner to the pool or buyer.
NiceHash rule, once you sell hash power to buyer then ALL rewards will go to buyer and pool.

By my own experienced on selling hash power to NiceHash, IMHO for all beginner miner, please dont go to nicehash.com for mining if you want a fair reward if you found a block, because you will not have it.

Thank you.


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