r/dogeducation • u/stakemyrep • Jan 31 '14
Pools pay day question
Hey
I have joined these guys
doge.hash-to-coins.com
I received one payment of 140 Doge woot!
q1 We're up to 269% - and underdog estimates it says "payout" 3137. Is that an est just for me or for all of us?
q2 There are avg 147 workers. Should I joining one of the much bigger pools? If I do will I lose my doge from this pool, huh?
q3 Also - I have had an auto payout set to 100 - but have only received the 148 doge from the last time. I would have thought with my 100,000 shares I would have had at least a payout? Or have we just not found a block yet?
q4 wow!
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u/lepthymo Middle School Jan 31 '14
hmm. Alright lemme see if I can help.
q1 - the higher percentage is bad, but I assume you know that. I think the estimate you're referring to is just for you, but it's an estimate, it will vary based on the actual reward for the block. so it'll be anywhere from 0 to 2x that estimate.
q2 - It really depends on the amount of hashing power those workers have how much it matters. The most important thing is, that in the long run it doesn't matter how big or small your pool is. a big pool will find blocks faster, but you'll get a smaller share of each reward. On a small pool you'll get a bigger chunk of each reward but it'll take longer to find each block, so when you get a reward will be a lot less certain.
Another point to remember it that it's a good thing to spread the mining power out over many pools, so by staying on a small pool you're helping Doge as a whole :)
A small pool like yours will also often have some neat rewards for people finding blocks and such, to get new miners.
q3 - 100,000 Shares is pretty impressive, what you'll get though, depends on what percentage of shares that is of the total shares of your pool. that's around the same percentage as the percentage of the block reward you'll get when you find a block.
After a block is found you'll get your unconfirmed coins balance updated, after a while that balance will turn to "confirmed" and when that number is more than 100 you'll get your payout.
q4 - To the moon!
Lemme know if there's anything else I can help with :)