Post
Topic
Board Pools
Re: ELI5: Pool luck rate
by
xhomerx10
on 16/01/2017, 13:17:56 UTC
Ok, so for a newbie in this mining pool buisness, this is what I would love to know:

1) What is Pool luck?
2) How is it calculated?
3) What does it mean for a potential miner/invester in that pool?

Further questions, if any, will be added below.

 1) mining is probabilistic in nature, if you find a block earlier than you statistically should on average you are lucky if it takes longer, you are unlucky
 2) not possible to ELI5 - Cumulative Distribution Function requires advanced mathematics
 3) nothing as it is random and unpredictable - though if it is continually unlucky perhaps you should avoid the pool