My hashrate is wrong! Why?
- When you first join the pool your hashrate grows gradually. The pool determines your hashrate based on the amount of shares sent by your mining rigs (workers). This value could be a little bit different from reported hasrate (in your mining software). This variation is completely normal.
Why is my first payment, or Estimated Payment, smaller than expected?
- When you first join the pool, all the other miners have already been working on the current block for some arbitrary amount of time. Therefore, they will have more Share Contribution (more work) on the current block than you do. As such, they will be paid more. But don't worry; the next block you will have full Share Contributions on and you will get paid more since every block after the first one you'll have been full-time mining on.
What is share?
- A share is a possible valid hash for the block. Shares are beings sent by your rigs to the pool to prove their work.
Why does my miner report a different number of shares than the pool reports?
- This is because your miner software does not calculate shares to the average share difficulty of the pool. On the pool side, shares must be calculated to the average share difficulty. If this was not done, then a miner with 1 GPU who submits 100 very low difficulty shares per hour, could end up making more coins than a miner with 12 GPU's who submits 50 shares per hour. The miner with 12 GPU's is sending much higher difficulty shares than the 1 GPU miner is. Therefore he is doing more work. If the pool did not account for share difficulty than the 1 GPU miner who is flooding the pool with lots of low difficulty shares could end up making more coins than the 12 GPU miner. So this is why we must calculate to the average share difficulty of the entire pool.
What is a block?
- Transaction data is recorded in blocks. New transactions are being processed by miners into new blocks which are added to the end of the blockchain. This is how Ravencoin and other cryptocurrency blockchains keep transaction data honest and prevent things like double-spends.
How long does it take for the pool to solve a block?
- It depends on serveral factors like the number of active miners on the pool, the total pool hash rate, the current network difficulty, and Luck (probability). The more miners on pool → the more hashrate the pool has → the more blocks are found by the pool. We are currently a smaller pool. So we solve blocks less frequently than larger pools, but the reward per block is higher because it is split among less people.
Which payout scheme is used and why?
- Proportional (Share-based). We use this payment scheme because it's the most fair. All miners are paid exactly based on the amount of work they commit to the pool. Every time a block is found, its reward is split between miners according to the number of shares they submitted.
How is the Estimated Payment this Round calculated?
- The estimated payment is calculated using your percentage of valid shares. This percentage is then applied to the reward of the last block found by the network. This allows you to see an estimate of how many coins you'll earn when the pools solves it's next block.
How does this pool run on ZERO fees? Are we stealing coins or hash rate behind the scenes?
- Currently, the pool runs on Donations from miners, Ad revenue from Google, and revenue from affiliate links. At this time, all of that is still not enough to cover the cost of the 4 servers which run the pool and Discord bot. Therefore, the pool operator covers the difference from his own pocket. In the future, when we have 500+ miners on the pool, this website will generate enough money from Ad revenue to cover the cost of the servers.