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.
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.
Payouts are sent after the pool solves a block. When a block is solved, it requires 100 confirmations from the Neoxa network before the Block Reward, currently , is awarded to the pool. After the pool receives a block reward, payments are calculated by the Payment Processor and any miner who has earned a balanc higher than the minimum payout of 100 NEOX, will be included next time the Payment Processor runs. (currently every 10 times).
You can monitor the blocks here for new blocks and to see our block history and pool Luck.
A share is a possible valid hash for the block. Shares are beings sent by your rigs to the pool to prove their work. This is how mining pools keep track of how much "work" each miner has done, and how it can fairly calculate how much to pay each miner.
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.
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 Neoxa and other cryptocurrency blockchains keep transaction data honest and prevent things like double-spends.
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.
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.
View Payments reflect payments sent by the pool. If you don't have any shares for that round, OR you have shares, but not enough shares to meet the minimum payment threshold, you will see 0 shares and zero payments for that block in the list.
In the latter case, it's not that you didn't earn any coins for that Round; but rather you didn't earn enough to meet the minimum payment threshold, and the coins will be paid with the next block where you meet the minimum payment threshold.
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 likely earn when the pools solves it's next block.
No, of course not! But don't take our word for it! This pool was built with transparency in mind. Anyone can look at the blocks & payments pages, and compare the data to what they (or other miners) have actually been paid. You can trace every single coin on the block explorer and where it went to.
Currently, the pool runs on NEOXA Donations from miners like you, Ad revenue from Google, and revenue from affiliate links. Furthermore, you can support this mining pool and it's Discord here, by subscribing to a Discord Membership Tier.
