Post
Topic
Board Pools
Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
DrHaribo
on 30/09/2014, 22:23:17 UTC
At this rate, I'd use up half a difficulty level bringing up my "share per shift" and I just can't afford it.

Instead of looking at how much you get for a block, it's better to look at how much you get per proof-of-work that you mined in each shift. To shift the focus over to this view, which people can understand, and away from the confusion that pay-per-block makes, I should probably remove the "expected per block" info on the website, and add info about what the pay was per proof-of-work in each shift.

Seeing this from the point of view of the work you are doing, not the blocks that are found: there is a delay from you do some work until it is fully paid. If you mine for 1 hour, we find a block, and you get a small payout, what does that mean? It doesn't mean you got a really bad pay for your 1 hour of work and you need to work for 5 days until you start being paid properly. It means your 1 hour of work just began receiving pay and it will take 5 days until that 1 hour of work is fully paid.

You also see this when you stop mining, and you keep getting paid for 5 more days. That's not the pool compensating you because it punished you in the beginning. It's the delay from work to pay.

If you do some mining on monday, you won't know what pay you get for it until friday.

Reducing the size of the shifts so you get paid 1 to 2 days after the work is done instead of 5 days and some hours later, will make this look less bad for people who misunderstand. And the website changes I am thinking of above will make it less likely that people misunderstand.

I want people to think "I did X amount of work in shift Y. How was the pay for that." Seeing mining from this angle leads to sound logic.

I don't want people to think "I got X pay for this block. Looks like I have to ramp up to full hashrate in 10 shifts before the pool pays me properly." Seeing mining from this angle leads to utter confusion and misunderstandings.