What Is the Statistical Expectation of Shares Needed to Find a Block at a Given Difficulty?
The statistical expectation of shares needed to find a block is directly proportional to the network's current difficulty. Specifically, it is the network difficulty divided by the pool's share difficulty.
This value represents the theoretical average number of shares the pool must submit to find a valid block solution. This expectation is the basis for all pool payout calculations, particularly PPS.
Glossar
Statistical Expectation
Forecast ⎊ The statistical expectation, within cryptocurrency derivatives and options trading, represents a forward-looking assessment of a future value, typically derived from a probabilistic model.
Expected Shares
Hypothesis ⎊ Expected Shares is the theoretical, statistically probable number of valid proof-of-work submissions a mining pool should contribute to the network before successfully discovering a new block.
Shares
Equity ⎊ The term "Shares," within the context of cryptocurrency derivatives and financial engineering, fundamentally denotes a proportional ownership stake, mirroring its traditional equity counterpart.