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July 06, 2014, 08:37:23 AM |
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Just to clarify something when it comes to difficulty.
The work you're doing is the same whether the pool has your difficulty at 1 or 1,000,000.
Difficulty 1 mining didn't return all of your results either, only about 1 in 2^32 hashes produced a difficulty 1 share (4.2 billion). However, your share wasn't "exactly" difficulty 1 (normally). About 50% of those diff1 shares would also qualify as diff2 shares. About 50% of those (25% of all diff1) would also qualify as diff4 shares. Repeat infinitely.
When the pools adjust your difficulty (or you do via a web interface), what is being agreed upon is how high of a difficulty your minimum is. You're not credited at all for anything worse than that difficulty. In return, you're credited for more work with each submission. So if you're only submitting diff2048+ shares, each submission is counted as 2048 shares, because the odds of a diff1 share also qualifying as diff2048 is 1 in 2048.
In the short term, you may have done much more or less work than what it would take to submit 2048 difficulty 1 shares. Just like pools have luck, each hash is luck based. But over time, the distribution of your hash results will match what you've been credited. The proof of this is the fact that the pool interface should show an estimate of your hash rate that is very close to your actual hash rate (unless you have your difficulty set too high, in which case it my deviate significantly from variance).
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