Hi guys, new to the whole bitcoin scene and stumbled upon this pool.
Currently mining using GUIMiner and mining at 32ish MHash/s. I have a couple of questions:
What are shares? Mine is currently showing 10 shares accepted
How and when do I get my bitcoins?
If anyone could give me an answer, that would be great. Sorry, total noooob here.
Hi smoothfreeze, First of all you are not going to get a valid p2pool share on the sharechain with 32mh/s. you need around 1th/s to get shares that count towards a block.
Essentially there are small "shares" that are sent to you by the node, they contribute to a full share on the sharechain but you need to get a share before the next block comes and that share needs to stay valid until the block comes or it can drop off the sharechain.
In a nutshell it's a block broken up into a bunch of tiny bits, when you mine direct to bitcoin you must solve a whole block to get paid but on a pool, any pool, you mine shares and then you get a certain number of shares in the block based on your hashing power. each miner in a pool mines together to increase the chances of getting a block.