Winning blocks generally pay about 2 to 2.5 ETH, it takes generally a pool with 7GH 7 days to win 1 block.
Some have speculated that we have millions of miners, that is not the case. Most of our customers do not have qualifying computers.
There was no windwall as was suggested, it was a service that went down and showed incorrect data. We fixed it quickly brought the service back up and no one lost anything accept for the ability to mine during that time.
Hopefully that clarifies a bit.
Mine had 42.106987. I'm usually between 115 and 105 MH/s running a 3090. It would be interesting to test the block reward theory based on amounts and avg. MH/s for a specific window of time. Since this is pooled are the distributions correlated with the MH/s for everyone within the pool? Additionally, it is unlikely we'll get any resolution from Norton on this as it's still a "beta" and their TOS is written such that they assume ZERO liability AND we have no recourse on any potential losses. A couple of interesting statements from the Norton crypto supplement document (attached).
"If the part your computer has completed is verified and therefore accepted, you are credited with what is commonly known in crypto-mining terms as a “share.” The shares have no value themselves; instead, they are used solely as a unit of measurement to calculate potential payouts of Ether. Again, these “shares” do not indicate that you own any type of equity or other rights in any real or virtual entity."
So are we really just being distributed "shares?"
Next, "Rewards of crypto earned by the program, if any, are allocated to you based on the timing of your participation, the number of units you are credited through your contributions, and how much Ether is generated based on those units."
Looks like the lot of us were part of the timing of a large block reward, subsequently credited using Norton's systems, and then when Norton noticed the potential for huge payouts either 1) didn't have the assets to "payout" that reward 2) scrambled to collect as much as possible from the pool under the auspices of a "glitch," 3) shutdown any ability to withdraw (hence why none of our wallets were accessible) until they could move/pool the rewards into their own cold wallet. As a public company (Traded as NLOK on the NASDAQ) they will most certainly have to disclose their assets. However, I pulled their most recent 10-Q and there is no mention of Norton Crypto as a talking point. While they are not required to line-item list their assets on their filings, it would be interesting to see how they would classify such a windfall if indeed this was a block reward and not a glitch. Here's a link to their most recent 10-Q: https://www.sec.gov/ix?doc=/Archives/edgar/data/849399/000084939921000022/nlok-20211001.htm
This is most annoying part and I'm not sure how it would hold up to legal scrutiny, but being an unregulated market here in the US it is unlikely to get an positive support. " We do not know how much Ether, if any, will be produced or distributed by the program, and both will fluctuate over time depending on the results of the program. You may receive only small amounts of crypto or no crypto at all; We do not guarantee that any participant will receive any crypto at all or any particular amount of crypto." That being said, if it was stolen....might be a different story. Anyone know a good class action attorney?
I'll also mention, after the "glitch." I tried mining for the better part of the next and my ETH balance has not changed. So, payouts are NOT happening periodically despite my 3090 running for 20 hours at around 105 MH/s.
My sentiments exactly. The possibility that I might have been cheated out of 60k leaves a sour taste in the mouth. Doesn't seem like Norton feels like they should prove one way or the other that this is not the case.
I have mentioned numerous times on here that we need a log we can access in the app, would help with transparency and credibility. From what I've seen and heard, our balances update every 10 minutes, of log of those transactions would be great! We deserve to know what really happened, the system gave us those numbers in our app; why? I'm wondering, now that I know about awards, if I had actually got one around Oct 7th (a fair jump in only 2 hrs) and then it was taken away then. When that happened I actually lost ETH after the drop and never got it back. Also, we never got any 'jump' (word used by Admin here) from the so called 'display' problem and dead mining time (mining w/ no increases) back around late Sept! Not even counting the assumed lost reward, we've all lost the potential for ETH during this endevour. To add salt to the wound, I had another night of low rate increase; happens a fair amount. Heck, I get better rates during the day even when I'm using the computer. I'll be shutting mining down at the end of the day for a while, not sure if I'll start back up. Maybe to get to 0.012, we'll see.
What exactly is a share?
A share is the miner's portion of the reward block that is (generally) proportional to the amount of work they contributed to the overall effort of mining that individual block. This is oversimplified, but say it took 1,000 Mh to mine the block and I contributed 25 Mh/s over 2 seconds so I provided 50 Mh to the overall computation, then my share of that reward is (50 / 1,000 == 0.05 == 5%).
I understand how we are getting paid, but it seems that possibly multiple blocks may have been found, and the fact that shares have possibly been taken back. Think about how this makes Norton look. You guys have to correct this. I submitted a screenshot of what I believe I held in my wallet before the update and I wish to be justly compensated.
shares are "failed blocks" that a pool uses as evidence of a small miner's participation.
So Sad. It said I had 50,000$
That sounds like a ‘reward’ happened but no one was rewarded but Norton! I saw NOTHING ‘rewarded’ and my rig has been working a lot. Anyone else see any jump? Last time we were promised a ‘jump’ in Sept, it never happened! I lost ETH from a jump backwards in early Oct! Time to end it I guess.
Block rewards are sent to the mining "pool" owned by Norton, we pay out based on shares and amount contributed to the pool. This is how everyone in the pool is paid no matter what is happening with block rewards.
As to what happened, we had one of our systems go down and it caused some inaccurate information to be shown to users. The maintenance mode was set to correct the issue and get the services back up and running.
From the looks of it. It does look like a block reward not sure why we are exempted from block rewards. An explanation would be nice as to what happened yesterday and why everyone had a larger amount of ETH in there wallets and then an out of the blue maintenance was started and blocking everyone from there wallets.
This is all interesting and still very confusing on many fronts. I myself had 9.957854 ETH this morning when I took a snapshot at 0653. Right before bed, about 10pm last night I had barely over 0.010; obviously a really big jump! Seems from the posts that it is not verified that 1 person will get a big reward or is it spread out. heck, if there is a reward spread out in the pool, how would we know? Would there be a new payout line 'reward'? Myself, other than this morning, I've not seen any jump other than about a month ago when my balance went up at a faster rate for about 2 hrs but then it reset and set me back about 12 hrs or so of mining; I watched that happen with my own eyes and the wallet confirmed it. Now, on this mornings really big jump, the #'s we had on the App came from the server so that is suspect to me as well. Where did those ETH come from and where did they go? We will never know, I'm sure. I never found out why mine burped a month ago and I lost ground. Luckily I don't need the money, mining just for the heck of it. If I do hit the ETH lotto reward for real (even 1-10% of what we thought we had), great, but I'm not holding my breath. We'll have better luck if the price if ETH keeps going up.
my payout said 23.3 eth and i got none of it. sad :(
This still seems shady to me. All of the stuff that I have looked into makes it seem like my ETH may have been taken, or it actually was just "glitched" and is there somewhere in the wallet.
Eth went down so what you earned would seem this way..... Common sense?
Can you explain why some of us received large payouts of ETH? It showed I had over 6 ETH before the maintenance update. What happened?
Right, but you might be thinking of pay per last N share. Like most of the people here, I am not too savvy on the ETH network. There are other pools out there that if I were lucky enough to get a solution to a block I would get more than failed blocks. Like, I don't care about paying fees because Norton is supposed to be secure, but if they are taking more than they should, more ETH that shouldn't belong to them. I can go to another pool. 30MH/s isn't a lot of computational power, but it could be worth something on another pool.
@arous if anything, i think when the mining program finishes solving a block, the last person to solve it is the one who gets displayed the “total reward” but that reward is actually split up between the pool so you dont really get the total block reward and just the fraction (or PPS) that is due to you.
@arous if anything, i think when the mining program finishes solving a block, the last person to solve it is the one who gets displayed the “total reward” but that reward is actually split up between the pool so you dont really get the total block reward and just the fraction (or PPS) that is due to you.
This is understandable and I didn't mean that any one person received the block reward, but for persons' potential share in the pool's reward to be ripped away after maintenance seems shady to say the least. I know that I don't have the best hash rate with only a max of 30 MH/s(~2.75$) and I haven't been running for so long for whatever reason(i.e. active GPU usage: gaming, video processing, etc.) But, the vast majority of my idle time should have been going to contribute to the pool. I keep my computer running 24/7 because ever since I started back in June/July I figured it would be a good way to get some extra cash to help with school and whatever. All, I am trying to get at is that this is frustrating. I don't mind paying fees because I know Norton has a reputation for security, but it feels that the share in the reward was taken after I updated my computer.
@kpmac
Ethereum, bitcoin’s main competitor as a cryptocurrency, also relies on block rewards to provide incentives to miners. With Ethereum, the reward is a digital token called “ether,” which is rewarded each time a miner succeeds in providing the mathematical proof of a new block. As with bitcoin, miners are also awarded a transaction fee, known as a “gas” fee.
Depending on the size of the block, ie the puzzle that the computer(s) are trying to solve (“mine”), the payout can be substantial.
@Arous. I also thought it was a result of pool mining but doesnt seem to be the case. There have been other documented incidents in the last couple of months of individuals suddenly having large ETH amts and then reset to their previous balance. I dont think Norton is trying to keep the big payout and only give the miners a fraction of it unbeknownst to them.
This happened to me as well, I noticed a large payout in my app, but couldn't access the wallet, then when maintenance was over everything was gone. What happened? Did the pool hit a large reward? Why did it display so much ETH, and where did it go? Took a picture of my screen to share.