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Share difficulty doesn’t affect the number of blocks found by a pool.Share and block solution are different things.If we consider the span of several weeks or even months with constant network difficulty and share difficulty, then the average number of pool shares per block will aim at 296,511 (of course if Network Difficulty and Pool Hashrate remain unchanged). In reality, it may need only 10 shares or 2 million. So if the Ethereum difficulty is 2.55 P and the pool share difficulty is 8.6 G, then in an ideal world a pool needs to receive 296,511 shares to find a solution for one block. If the share difficulty was 2.55 T, then every 1,000th share would be a block solution.If the share difficulty was 1.28 P, then every 2nd share would be a block solution.If the share difficulty was 2.55 P, then every share would a be block solution.So, we have – an ideal world, 100% luck, Ethereum cryptocurrency network: But if you consider the more extended time factor, luck is still aimed at 100%, as mentioned in this article. In reality, it may go differently: today a specific pool with 2 Th/s might get 5 blocks, while tomorrow it might get 10 blocks, and the day after – 13 blocks, even though its hashrate is always 2 Th/s. Suppose pools line up to get blocks in ascending order of their hash rates: since 2Miners has 2 Th/s, it gets 10 blocks per day, while XMiners with its 10 Th/s gets 50 blocks per day.
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Sometimes it is measured in Ph/Th/Gh, but it’s all the same – Ethereum difficulty, in this case, is 2 Petahash = 2,000 Terahash = 2,000,000 Gigahash.įor the sake of simplicity, we will only consider the ideal world conditions, that is, 100% mining luck. Now let’s take a look at Ethereum Network Difficulty:Īt the time when this article was written, Ethereum difficulty was 2.55 P = 2,550 T = 2,550,000 G. Make sure to read our article about mining luck if you haven’t already. In this case, we talk about 8.6G, although it may be 8G/16G/1000000G, etc. In the top right corner you’ll find a miner’s share rate. On 2Miners you can automatically check your statistics and your current share rate on the pool.įor example, if you enter the following miner wallet address 0x244c12d0c1148f59d3f1684e562d3d5f9d1df8c6 in the upper right corner on the pool web page, you will get access to its statistics. So if Ether block reward is 2 ETH and you account for 1,000 of the last 20,000 pool shares, then you’ll get 5% of the reward – 0.1 ETH. It means that when the pool finds a block, your reward is calculated based on your contribution to the last 20,000 pool shares. PPLNS stands for ‘Pay Per Last N Shares’, where ‘N’ is a random number determined by the mining pool operator. It would take too much time to describe all of them, so let’s focus on PPLNS for now.
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There are numerous miner reward systems: PPS, PROP, PPLNS, PPLNT, and many more. It also allows you to determine whether a miner is online or not, etc. Mining pools need shares to estimate the miner’s contribution to the work performed by the pool to find a block.īased on the shares that a miner sends to the pool, the pool then plots a miner hashrate graph. Sooner or later one of the shares will have not only 5, but 10 zeros at the end, and this will be the block solution.Ī big mistake among beginning miners is to think that they find a block (or even two), when they see phrases like ‘Share Found’ and ‘Share accepted’ in their mining software. So it may be a block solution, but it is not necessarily so.įor example, suppose a block solution is a number that ends with 10 zeros and, a share may be a number with 5 zeros at the end. This reward is shared proportionally to the efforts applied by the miners and forwarded to their wallets. Mining pools get solutions from all the connected miners, and if one of those numerous solutions appears to be a proper one, the pool gets a reward for the created block. Therefore, even weak devices that are working simultaneously on solving the same “puzzle” have a chance to find its solution which would enable miners to create a new block. That was the time when miners decided to unite their efforts and create the mining pools.
CGMINER REJECTED LOW DIFFICULTY SHARE PC
With an increase of the interest in cryptocurrencies, the difficulty level of the “puzzles” also increased, and a standalone PC could not find many solutions anymore.ĭifficulty level was rising because the reward for the newfound block was growing as well as its equivalent in value. SOLO’:Īt the earliest days of the mining, any processor or GPU had the sufficient power required for finding many solutions per day and getting a reward for the detected block. Here is a quote from the article ‘How the Mining Pool Works: PPLNS vs.