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question about blocks
Posted: Fri Oct 20, 2017 8:32 am
by ilikepeas
hi, i am wondering how blocks work, i see sometimes i will find blocks but i dont notice any kind of difference on my overall daily earnings, for instance some days i wont find any blocks and make 20 dollars and soe days ill find blocks and still make 20 dollars, do blocks do anything? i9s there any way to know how much i actually got from finding the block? thanks
Re: question about blocks
Posted: Fri Oct 20, 2017 8:33 am
by 3Moose
If you pool mine, the block reward is shared by the pool. If you solo mine, you get the block less a PH fee.
Re: question about blocks
Posted: Fri Oct 20, 2017 8:34 am
by 3Moose
The default is pool mining.
Re: question about blocks
Posted: Fri Oct 20, 2017 8:57 am
by ilikepeas
3Moose wrote:If you pool mine, the block reward is shared by the pool. If you solo mine, you get the block less a PH fee.
thanks, im brand new to mining, literally just plugged everything in put in the info into my miner and started going, i am sure its pooled since it through prohashing
so do blocks not really do too much then when pooling through prohash? is it better to pool or solo? thanks for the info
Re: question about blocks
Posted: Fri Oct 20, 2017 9:06 am
by micca410evo
Well you will earn what you find if you (want to) solo mine, the chance of a block is not big though unless you have a big/huge amount of hashing power. It is all in the mining lottery and your amount of luck in finding blocks.
Just google some for "calculate the chance of a block"
This are the chances of a block with an L3+ on litecoin's
https://www.litecoinpool.org/calc?hashr ... ycost=0.10
The chance is a probability but you can be on the bad luck side and it will take 2 time the amount of predicted time or be lucky and find it in 1/4th or half the time.
Re: question about blocks
Posted: Fri Oct 20, 2017 10:31 am
by ilikepeas
thank you for the help