TheCoin.pw offers mining pools containing a 0% pool fee and solely rely on member donations to assist with ongoing costs/upkeep to the mining pools/website. We hope you enjoy this service!
Frequently Asked Questions
Q: When will I get paid?
A: This pool uses the following payout system.
Proportional (Prop) - The block reward is distributed among miners in proportion to the number of shares they submitted in a round. The expected reward per share depends on the number of shares already submitted in the round.
Q: What is a orphan block?
A: Coins generated by a block will not be available to you right away. They will take some time to be confirmed by the entire network before you are allowed to transfer them out of the pool. Usually coins have a confirmation set to 120. What that actually means: the network (not the pool) has to discover 120 additional blocks on top of the one found by the pool to confirm it.
Q: What is estimated payout?
A: Estimated payout is your estimated payout if a block is found at that time. This is an estimate according to your amount of shares submitted for the round(s).
Q: What is a share?
A: Finding blocks is not an easy task. Since it would take a really long time on some coins, finding a block is broken down into shares. Depending on the server side setting, each share can be a certain difficulty. The more difficult each share is to find by miners, the fewer total shares are required to eventually find a block.
On the server side, each share is checked against the coin daemon (a server side wallet with more features) if it is indeed a valid block solution. Every share computed has the potential to be a block solution. I will not go into details why this is, but rest assured that share estimates for blocks can sometimes be exceeded. In the long run though, shorter round with less shares than required will make up for those taking very long.
Keep in mind: shares are not blocks! Shares are part of a block and will count towards the block payout!
At times, you will see shares being rejected by the pool. This can happen if you try to send an outdated share right after a block was found. Stratum, a protocol used by a miner to request work from a server, is used for share submission and getting new work. It is very solid when it comes to avoiding rejects but they can still happen once in a while.
If you are seeing reject all the time, then something isn’t working right on your end. You may also notice that your hashrate on the pool website is not increasing while your invalid share count keeps climbing up. In that case turn off your miner and check your settings!