changing estimated reward

[Njiua]

hey people,

I started mining a couple of days ago and I was wondering why my estimated reward changes every second, and where can I see how much bit coins I've collected (before the 0.01 threshold)

[Bitsaurus]

Which pool are you mining on?  It would help to know so we can tell where on the interface you're reading information from.  Most of the larger pools have forum threads, it might be better to post your question in the thread for that pool - see pools subforum.

[Njiua]

I'm running on Slush's pool

this is a screenshot from the site, the number in the red box changes all the time
https://i.imgur.com/WQZSvlV.png

[jonnybravo0311]

I'm running on Slush's pool

this is a screenshot from the site, the number in the red box changes all the time

That number will constantly change because your contribution to the round is constantly changing, as is everybody else's.

[os2sam]

Estimated rewards are always based on if a block was found right then.  When a block is found then you know what the reward for that round was, not before.

Here's slush's support thread

https://bitcointalk.org/index.php?topic=1976.0

[Relnarien]

This is the formula used by Slush's pool to determine how much you would receive if a block is found:

Code:

(25 BTC + block fees - 2% fee) * (shares found by user's workers) / (total shares in current round)

The estimated reward, as previously explained by jonnybravo0311, is what you would receive based on that formula if a block were to be found at any particular moment. As more valid shares are sent by you and other miners to the pool, every miner's percentage of contribution changes, thereby affecting your current estimated reward.

All of this is explained in the main page of the pool. It is highly recommended that you read a document before signing it.

[ALToids]

Slush's pool can sometimes be punishing to somebody with a low hash rate.  You might want to consider a PPLNS payment pool to decrease your variance if your rate is low.