Home Bitcoin mining swimming pools – How does Ocean’s TIDES payout scheme work?

mining swimming pools – How does Ocean’s TIDES payout scheme work?

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mining swimming pools – How does Ocean’s TIDES payout scheme work?

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This week a brand new mining pool “Ocean” was introduced. The mining pool makes use of a payout scheme known as Clear Index of Distinct Prolonged Shares (TIDES). The Ocean web site describes the scheme as follows.

Our reward scheme is named Clear Index of Distinct Prolonged
Shares (TIDES). As blocks are being mined, they generate the reward by
a weighted proportion of effort to probably the most lately discovered proofs. The
proof interval funds are distributed throughout has been chosen such that
every proof must be paid on common 8 occasions. As a substitute of a set quantity
of bitcoins per proof, the block reward is split by %, so
transaction charges are included. Due to this design, every payout to
you is totally auditable. Earlier implementations of comparable programs
similar to PPLNS would distort the payouts owed to miners by utilizing
“shifts” and far smaller proof home windows, leading to miners getting
considerably much less correct funds for his or her contributed hashrate.

TIDES is probably the most correct payout scheme accessible in Bitcoin right now
and in contrast to different schemes like FPPS it doesn’t require the pool to
function a custodial middleman for cost processing.

Can somebody clarify in additional particulars how a lot a miner will get paid in every blocks? Let’s say Alice is contributing 20% of the shares repeatedly to the mining pool. Bob hops mining swimming pools and contributes 30% to the primary block however then doesn’t return to mine with Ocean. How a lot would they receives a commission and when?

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