This week a brand new mining pool “Ocean” was introduced. The mining pool makes use of a payout scheme known as Clear Index of Distinct Prolonged Shares (TIDES). The Ocean web site describes the scheme as follows.
Our reward scheme known as Clear Index of Distinct Prolonged
Shares (TIDES). As blocks are being mined, they generate the reward by
a weighted share of effort to probably the most not too long ago discovered proofs. The
proof interval funds are distributed throughout has been chosen such that
every proof needs to be paid on common 8 instances. As an alternative of a set quantity
of bitcoins per proof, the block reward is split by %, so
transaction charges are included. Due to this design, every payout to
you is totally auditable. Earlier implementations of comparable methods
corresponding to PPLNS would distort the payouts owed to miners through the use of
“shifts” and far smaller proof home windows, leading to miners getting
considerably much less correct funds for his or her contributed hashrate.TIDES is probably the most correct payout scheme out there in Bitcoin right now
and in contrast to different schemes like FPPS it doesn’t require the pool to
function a custodial middleman for fee processing.
Can somebody clarify in additional particulars how a lot a miner will get paid in every blocks? Let’s say Alice is contributing 20% of the shares constantly to the mining pool. Bob hops mining swimming pools and contributes 30% to the primary block however then doesn’t return to mine with Ocean. How a lot would they receives a commission and when?
