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Joined 2 年前
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Cake day: 2023年7月2日

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  • Mini and Nano (in regards to P2Pool) are separate Mining pools. Think of them as a very big miner. The bigger the miner (i.e. more hashrate) the time to hit a block is lower and therefore he receives more rewards per time interval. The smaller pools (Mini/Nano) are for people with low hashrate devices so that the blockreward gets split somewhat equally between them.

    For example if you would mine with a very low hashrate on your own, you’d maybe hit a block every 10 years. If you then combine your hashrate with other miners, that have a comparatively high hashrate to yours, the pool hits blocks much more often, but you won’t get rewarded that often because you didn’t participate that much. If you then join a pool with people with low hashrates, your mining pools hits blocks more often than you would by yourself, but not all too often. But it’s also much more likely for you to get rewarded a piece of the block reward, as you contributed somewhat equally to the pool.

    I hope this explanation helps with your understanding and I didn’t butcher to many details 🙃





  • XMR_loving_AnCap@monero.towntoMonero@monero.town10 Block Lock
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    1 个月前

    I don’t think it’s so bad tbh. If you look at BTC/BCH they have 10min block time so if you wait for at least 1 confirmation you have around 3 XMR confirmations on average. But for bigger sums you most likely want at least to wait for a second or third which brings you close to or close above 20min. (For really small sums you can just accept 0-conf. Monero does NOT have RBF (replace by fee), so the other person can NOT betray you.) And that is only IF you get into the next block (which is a problem for BTC).

    In reality, if you start using Monero, vast majority has more than a single output, so you can buy a few things in quick succession. Also you can just use Cake as a receiving wallet and then Monerujo as your spending wallet, which has the feature named Pocket Change (that makes sure you always have a bigger amount of outputs available). That’s why I’d argue that the 10 block lock isn’t really a big hindrance in reality.