OCEAN on Nostr: ๐๐ผ๐ฒ๐ ๐๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ...
๐๐ผ๐ฒ๐ ๐๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ ๐ถ๐ป ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐บ๐ถ๐ป๐ถ๐ป๐ด?
Without transparency, miners canโt verify theyโre being paid fairly for their hashrate contribution. Take FPPS (Full Pay Per Share) pools, for example. Many assume that contributing 10% of the poolโs hashpower means theyโll get 10% of the block rewards, minus a simple 2% fee (or whatever the pool advertises). Sounds straightforward, right?
Wrong. In reality, miners often earn far less than expected. Why? FPPS pools need massive reserves to guarantee daily payouts, especially during stretches of bad luck. To build and maintain these reserves, pools introduce hidden fees, murky spreads, โlostโ shares, and opaque calculations. Meaning miners are left guessing the true value of their accepted shares and often left earning much less than theyโd expect.
So, how do you fix this?
https://pbs.twimg.com/media/GlTuyUyWgAElfhv?format=jpg&name=small
Without transparency, miners canโt verify theyโre being paid fairly for their hashrate contribution. Take FPPS (Full Pay Per Share) pools, for example. Many assume that contributing 10% of the poolโs hashpower means theyโll get 10% of the block rewards, minus a simple 2% fee (or whatever the pool advertises). Sounds straightforward, right?
Wrong. In reality, miners often earn far less than expected. Why? FPPS pools need massive reserves to guarantee daily payouts, especially during stretches of bad luck. To build and maintain these reserves, pools introduce hidden fees, murky spreads, โlostโ shares, and opaque calculations. Meaning miners are left guessing the true value of their accepted shares and often left earning much less than theyโd expect.
So, how do you fix this?
https://pbs.twimg.com/media/GlTuyUyWgAElfhv?format=jpg&name=small