Bitcoin mining what is a share
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Therefore, if the round was short enough all miners get more profit, and vice versa. From Wikipedia, the free encyclopedia. History Economics Legal status.
Archived from the original on Bitcoin Pooled mining BPMalso known as "slush's system", due to its first use on a pool called "slush's pool', uses a system bitcoin mining what is a share older shares from the beginning of a block round are given less weight than more recent shares. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Archived from the original on 1 December
A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. June Learn how and when to remove this template message. Miners are paid out from the pool's existing balance and can withdraw their payout immediately.
In other words, all shares are equal, but its cost is calculated only in the end of a round. Retrieved 7 January Mining pools may contain hundreds or thousands of miners using specialized protocols. GM was invented by Meni Rosenfeld.
Digital currency Cryptocurrency Virtual currency. Please help improve this article by adding citations to reliable sources. The Pay-per-Share PPS approach offers an instant, guaranteed payout to a miner for his contribution to the probability that the pool finds a block. Views Read Edit View history. Retrieved 7 January
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Retrieved from " https: History Economics Legal status. To avoid the need for many different wallets for all possible minable coins, multipools may automatically exchange the mined coin to a coin that is accepted in the mainstream for example bitcoin. This reduces the ability to cheat the mining pool system by switching pools during a round, to maximise profit. Views Read Edit View history.
Therefore, if the round was short enough all miners get more profit, and vice versa. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Webarchive template wayback links Articles needing additional references from June All articles needing additional references All articles with unsourced statements Articles with unsourced statements from February Retrieved 7 January