Hi, anyone know of a resource to read up on how Ocean Pool's scoring system for rewards works ? I got way less from the two most recent mined blocks (6 and 7) than i thought i would. I also got paid for blocks 4 and 5 even after i stopped mining with them for a few weeks . I want to understand why / how it works, but see no documentation from them on it.
Thanks
Have you read their FAQ on their website? TIDES
“Our reward scheme is called Transparent Index of Distinct Extended Shares (TIDES). As blocks are being mined, they generate the reward by a weighted percentage of effort to the most recently found proofs. The proof period funds are distributed across has been chosen such that each proof should be paid on average 8 times. Instead of a set amount of bitcoins per proof, the block reward is divided by percent, so transaction fees are included. Because of this design, each payout to you is fully auditable. Previous implementations of similar systems such as PPLNS would distort the payouts owed to miners by using “shifts” and much smaller proof windows, resulting in miners getting significantly less accurate payments for their contributed hashrate. TIDES is the most accurate payout scheme available in Bitcoin today and unlike other schemes like FPPS it does not require the pool to serve as a custodial intermediary for payment processing.“
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Thanks, this helps a little 🤙
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50 sats \ 1 reply \ @OT 27 Jan
Not sure about the scoring system, but you likely got paid a lot less because their hash rate doubled making your slice of the pie less than before.
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Ya, i have my own hunches too but i want to know how it works exactly. Remembering how it was graphically very clear with braiins, i want something similar or a written explanation from the company so i can work it out myself. Hoping for more transparency from them...feels like a lotta trust me bro with them so far 😮‍💨
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