Less TB more share
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Hello forum, I'm quite new to all of this. But if got it al working properly. I think. But I've got a question. I'm mining in the pool.burst-team pool but how does it come that people with less TB get more of the share.
I'm mining with 3,3 TB and get not even 1% of the share and somebody is mining with 0,3 TB and does get like 15 of more %
I would like to know. How this come.
Kind regards
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The pool website shows you only estimations and
someone with less plot size can mine more in the short run but not in the long run, because of statistical variance.
Example .
If you throw a dice 6 times, maybe you get 3 times a 6. But if you throw a dice 6000 times, then you get for sure very close to 1000 times a 6, 1000 times 5 and so on. That's the concept of variance. The more often you do it, the lower the variance will get.
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Thanks for the explanation. I do not understand it very good but oke.
Is there any way for me to earn more?
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You can earn more when you:
- Keep on mining longer
- Mine with a bigger plot size
- Burstcoin price rises
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@SuckaDick69 The estimation of plotsize is sort of random - if your miner reports the size of your plot that will used, but if you're mining from multiple machines there is no guarantee which reported size is displayed. I have ~ 100TB between my miners, but it sometimes reports my smallest miner as my capacity ~ 2.9 TB, sometimes as the largest ~ 59TB.
H.
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@daWallet I mine as long as I can in one piece. But I'm turning it off in the night.
@haitch I'm actually mining with 3,3 TB on one computer so that's right.
I've made almost 1000 Burst.
Does anyone of you guys think that the value of the burstcoin is going to rise?
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Glad to hear you have got your mining working! I turn my mining off at night as well, but wish I could keep it on all the time.
The value of Burst can almost only move upwards at this point the way I see it. Bitcoin's price increase following the coming halving event has driven the price of altcoins such as Burst down, but it is likely that money will flow back to the altcoin markets after the halving - AND - Burstcoin has a lot of development and improvements coming up in addition to having a devoted dev team. Finally, Burst offers a lot of things that most other coins do not. All in all I have a bullish outlook for this coin/technology.
