<<  >> (p.65)
    Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 829960 times)
    juhakall
    Sr. Member
    ****
    Offline Offline

    Activity: 658
    Merit: 250


    View Profile
    August 21, 2013, 03:31:41 PM
     #1281

    Assume a constant difficulty.

    Assume pool produces a new block every 30 seconds on average, for a particular coin and at the pools particular total hashrate.

    Miner A has 0.5 megahash hashrate

    Miner B has 5 megahash hashrate


    Assume these hashrates translate to finding a share every 30 seconds, or 3 seconds respectively (again, on average).



    Miner A will only find a share in time approx 50% of the time. So half the time he has 1 share, half the time he has 0 shares. He will have worked an average of 15 seconds for nothing when the block changes.

    Miner B will find an average of 10 shares. He, as well, would have been working towards another share when the block changes. However, on average, he will have only been doing so for 1.5 seconds.

    So the difference for Miner A is the difference between all or nothing.

    The difference for Miner B is between, say, 9 and 10 shares... or maybe 10 and 11 shares...

    Do you see it yet?


    The bolded part is not correct. Sometimes the miner will have 0 shares, sometimes 1, sometimes more than 1. On average, 1.
Page 64
Viewing Page: 65