Oddbean new post about | logout
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BadWolfHODL | 11 months ago (raw) | root | parent | reply | flag +3 
 It was very Easy to join. 

I see the pool has grown to almost 300PH. 

Around what level does this need to get before we have a reasonable chance of finding a block?

Can you please explain the “promotional bonus”?
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Luke Dashjr | 11 months ago (raw) | root | parent | reply | flag 
 At 300, it's about 11 days between blocks on average (likely a bit shorter in practice)

Normally a block reward is split across the past 8*difficulty work performed. But that much work hasn't been done yet, so early miners would get a higher payout for a while
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Cody | 11 months ago (raw) | root | parent | reply | flag 
 What do you mean by "past 8*difficulty) ?
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Luke Dashjr | 11 months ago (raw) | root | parent | reply | flag +2 
 The expected work to find 8 blocks
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BadWolfHODL | 11 months ago (raw) | root | parent | reply | flag +1 
 Fantastic. What’s the payout threshold?
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Luke Dashjr | 11 months ago (raw) | root | parent | reply | flag +1 
 Currently 10 TBC (0.01048576 BTC)

Planning to make it configurable