Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BLACK DOGECOIN][XBD] Launched!!! WoW!!! PoW = 7 Days!! Network 25 Ghs!
by
d4wn0ff473
on 12/07/2014, 14:32:40 UTC
Yeah I think they were stealing coins or screwing with distribution, I had found 32 blocks 3 mill worth of coins but had only received 1.2 mill through distribution. Things didn't add up.
When you find a block you share it with other miners who are also mining, so it could happen that you find more blocks than what you are rewarded for. If you don't like that this can happen, then maybe pool mining is not the best option for you and you should consider solomining.

I'm aware of how it works. I've just never had such a huge disparity between blocks found and actual earned rewards. The total earned rewards are less than half of actual produced results. It still remains fishy to me. Typically if something walks like a duck, talks like a duck, and looks like a duck; it is a duck.
I agree, although possible, it is not really likely to have such an outcome. I am looking into it now.
I'm on the same situation, found 9 blocks on the pool (for a total of 892,857 BDC), and got paid around 180,000 BDC.
It's strange that such a huge differential is happening, maybe there are some found blocks that weren't paid (happened on other pool I was mining)
I am now looking at the average statistics - there are some miners who were paid on average more than 200k coins per found block and some were paid less than 50k coins per found block (you were one of the least (most) lucky miners as you were paid on average 20k per found block). Whether you will be in the group of most/least lucky miners is a matter of luck and that is why pool mining is smoothing these differences.

Wait a minute, how can anyone earn more than double the block reward per block on average?  At most they should be able to earn the entire block reward on average, not an average of two times the total block reward.  Is this per found block per user or total across the pool?