what are shares in miner

[csayre1]

Can someone please explain for myself and all the new miners exactly what the shares are, and what the stand for please. 

[mrnewguy]

en.bitcoin.it/wiki/Mining

this could be useful

[doubled]

found on the web:

A share is a hash smaller than the target for difficulty of 1* (see clarification at end). Every hash created has a 1 in ~4 billion (2^32) chance of being a valid share. In comparison if the difficulty of network is 2,000,000 then a share is 2 million times "easier" to find than a valid hash for the block, and on average it will take 2 million shares (8 quadrillion hashes) to find a valid hash for the block.

Shares have no actual "value". To the bitcoin network they are worthless. The only hash with any value is the one that is smaller than the target (determined by difficulty).

Since a miner has no control over when he will generate a share (they occur randomly roughly once per 2^32 hashes) he can't cheat the pool. When one miner in the pool finds the solution hash (the only hash worth anything) rewards can then be split by number of shares submitted. There are multiple reward methods (Proportional, PPLNS, SMPSS, PPS, etc) that calculate the "fair share" of the reward but all use a share as a proxy for work completed by the miner.

It is important to emphasize that a share has no actual value. The only hash with value is the one that solves a block. A share is merely an accounting method to keep the miners honest and fairly divide any rewards earned by the pool.

There is no need to keep track of shares in solo mining because you will not split the reward and can't cheat yourself.

Usually pools use a difficulty of 1 as the target for a share. Technically any difficulty (less than network difficulty) could be used. Each miner's share of the reward would remain the same regardless of what difficulty is used.

[shazy]

hi guys can anybody tell me plz what is total shares means i ve now 150 total share

[ironwill]

Nov 3, 2017 15:26:11 GMT -6 shazy said:

hi guys can anybody tell me plz what is total shares means i ve now 150 total share

Well that's tricky.  Each ETN (electroneum)= X amount of shares.  Those shares (from what I've heard) have different values depending upon the port... i.e. 3333 5555 7777.  Port 3333 is easy difficulty for low end hardware.  5555 is mid, and 7777 is high end hardware like a 1080 ti.   So, your 150 shares could mean anything.  

[Cat]

Does the difficulty increased, also increase the "potential" block worth? Or do all difficulties have just as random of a chance at a hash being the completed block hash, just as valuable regardless of difficulty?

I hope I worded this alright.

[ironwill]

Nov 6, 2017 4:50:04 GMT -6 Cat said:

Does the difficulty increased, also increase the "potential" block worth? Or do all difficulties have just as random of a chance at a hash being the completed block hash, just as valuable regardless of difficulty?

I hope I worded this alright.

It wouldn't matter if you did word it right, I wouldn't know   I just follow the guidelines I've learned here in the last week and watch my miners mine

[mrnewguy]

Nov 6, 2017 4:50:04 GMT -6 Cat said:

Does the difficulty increased, also increase the "potential" block worth? Or do all difficulties have just as random of a chance at a hash being the completed block hash, just as valuable regardless of difficulty?

I hope I worded this alright.

higher diff= same reward, but in longer time.

[mk1james]

can you view what is in your offline wallet? not using hashparty etc?

[kiint]

Sync it to the electronic wallet and use that.

Open the "electroneumd.exe" file. Leave this open until it syncs.
Once the sync is done and you have an offline paper wallet, then type in "electroneum-wallet-cli.exe --generate-from-keys ETN.wallet". Go through the process adding your paper wallet keys and you should be good.