Post
Topic
Board Pools
Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)
by
ProfMac
on 29/08/2014, 17:57:56 UTC
Newby question. I've been mining with Eligius for a month now. How come it went from a 3-1/2 day payout, fairly consistently, to now a 5-1/2 day payout? Is that just the luck of the pool for now or is there another explanation. I noticed it happened around the time of this last difficulty increase.

Yes, the difficulty increase means that it takes that much longer for you to hit your threshold.  Unless you build up your hashrate to keep up with the difficulty increases, your payouts will become less and less frequent, if you keep your payout threshold the same.

I saw absolutely no change from any of the other difficulty increases. And since we theoretically have the same amount of miners hashing away, makes no sense that it should take now 2-1/2 days longer?

The network difficulty is a measure of how much mining is occurring on the entire network.  You are competing with all of them.  As difficulty rises, your profits drop.  In the course of 1 year, Avalon ASIC miners went from about 5 BTC / day to not paying for the electricity they use.