I was also thinking about the the 5Nd thing, whether this really is just a statistical smoothing function (moving average) or wether it gives "old" miners a 5Nd (currently about 100h, but possibly not constant(
)) lead over new miners due to network difficulty changes every 14 days? Are new miners disadvantaged by this in that when their hashes are paid out the 5th time they are worth less (if a diff change has since occurred)? Maybe this has been considered before, but some explanation would be nice.
)) lead over new miners due to network difficulty changes every 14 days? Are new miners disadvantaged by this in that when their hashes are paid out the 5th time they are worth less (if a diff change has since occurred)? Maybe this has been considered before, but some explanation would be nice.Anyone willing to chime in on whether newbies starting out are disadvantaged compared to someone who has already "filled" the 5Nd window or not due to upcoming diff increases? Thanks.
So basically, it takes 5Nd to get rewarded.
It has nothing to do with a lower reward for your work.
When you have 5Nd worth of shares, then you always have a full set of shares to be rewarded.
It has no possible expected effect on your reward at all.
It's simply to do with reducing reward variance (by stretching out the reward time)