Category: Mining basics

The three connections are equal and we recommend using all three, if possible. The use of multiple ports is recommended to ensure stable and sustainable mining. Should a port become inactive, the miner will automatically switch to the next and allow mining to continue.

Mining doesn’t actually work this way. Think of Bitcoin mining more like participating in the lottery than solving a puzzle. Using this analogy, the odds of winning a lottery are established using the total number of tickets bought, where each Bitcoin miner owns a portion of the total number of tickets equal to the percentage […]

CDF is short for cumulative distribution function. CDF measures the probability that a random variable (X) takes on a value either less than or the equivalent of X. When it comes to mining rounds, CDF is used to determine the expected length of a mining round considering the pool’s hashrate and the existing level of […]

Pool luck makes clear the number of shares the pool needs to uncover a specific block compared to the average number of shares necessary for locating a block based on the existing level of network difficulty. If luck is over 100%, this means that the pool required fewer shares than anticipated for the given level […]

A round describes the amount of time that it takes to discover a new block. For example, if a block is located and added to the blockchain 7 minutes after the previous one, that’s a 7-minute round. A Current Round Duration describes the amount of time that has elapsed since the mining pool last discovered […]

Hashrate is divided into one unit for every thousand bits. The smallest unit is 1 hash/s, meaning 1 hash operation per second. Note: Hash/s are sometimes abbreviated as H/s.

Hashrate is the number of hashes computed per second by the computer you use for mining. You can view the hashrate of your devices in your Accounts dashboard. There will be a difference between the nominal hashrate shown in your mining device’s manual and an effective hashrate shown on your PEGA-Pool dashboard. It’s vital that […]

Stale rate is the total number of shares submitted after the previous block has previously been discovered and pool has moved on to the next block. When everything is working correctly, the stale rate should be a very low number. A number of factors can lead to an increased stale rate: Network Latency: On a […]

An Orphan Block is a valid block, but it is not a component of the blockchain. This type of block is produced when two miners discover a valid block (we’ll refer to these as block A and block B) at approximately the same time and transmit them both of them to the network. Block A […]

Every Bitcoin block value is comprised of the block reward (new coins issued) as well as the fees from transactions contained within the block. The reward is hard coded for every block and its overall value is halved at intervals of 210,000 blocks. This takes place approximately once every four years