Ethereum: Pool Hopping Math

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Ethereum: The pool jumped mathematics

The jump of the pool has long been the subject of debate among cryptocurrency enthusiasts. While some say that this is unfair to those miners who invest time and resources in network security, others say that it is a necessary evil in today’s competitive mining landscape.

However, there is one aspect of jumping in the pool, which is often overlooked: its effectiveness in increasing mining prizes. For those who do not know this concept, let me explain.

The jump of the pool refers to the practice of joining the existing mining pool and the use of their computing power to verify transactions in the Ethereum network. This allows many miners to cooperate for a common purpose, increasing the chances of choosing to the next block, and then win more ether awards (ETH).

I admit that I have some first -hand experience with this problem. As someone who has invested in the Ethereum mining pool, I can confirm that this is not just a matter of individual effort – but rather collective. By combining our resources and sharing the load, we were able to significantly increase our chances of obtaining a decent return on investment.

But is this argument based on mathematics enough to justify jumping the pool? The answer sounds like this, at least in terms of profitability.

mathematical division

Let’s assume that every miner in the pool contributes to the constant computing power network. This can be treated as a simple linear model:

MINER 1: X Bits per second

Mine 2: y bits per second

MINER 3: From bits per second

The total mining shortcut (MH/s) is then calculated by summarizing these contributions:

Total mh/s = x + y + z

Let’s assume that we are trying to extract a block with a target shortcut of 1.5 ETH/s (this value may vary depending on the specific pool and its configuration).

The number of miners required to reach this shortcut is then calculated by dividing the total MH/s needed by individual miner contributions:

Number of miners = total mH / s / (x + y + z) ½ 1000

profitability

Now, when we have an approximate estimate of the number of miners required, let’s calculate their average earnings per minute (APM). Assuming the average extraction time of 2 hours and the cost of energy 0.10 USD/kWh (this may vary depending on the specific pool and its configuration), APM would be:

APM osedly MH/S/Energy cost/extraction time ½ 1000 miners x 1.5 ETH/S/100 kWH/hour \* 2 hours € 12.50 $/minute

Application

Although important arguments should be put out against jumping on the pool, mathematics is on our side when it comes to increasing mining prizes. By combining our resources and sharing the load, we can significantly increase our chances of obtaining a decent return on investment.

It should be noted, however, that this model assumes that the pool is well maintained and has a high -quality network. Poorly managed pools or people with high energy costs may not provide the same level of profitability as others.

Ultimately, whether jumping in a pool is ethical or not depends on individual circumstances and goals. If you want to extract Ethereum, joining a reputable mining pool can be an excellent option. However, if you are trying to meet the end, alternative options are available that can provide better return on investment.

Reservation

This article serves only information purposes and should not be considered as investment advice. Always conduct your own research and due diligence before making investment decisions.