RagerX: How to verify your earnings. Explore transparency of the RagerX.
Here is a short frequently asked questions section that may help you:
Q: Why is my "friend" saying that I shouldn't be using free Xmr-Stak-RX or faster RagerX, but instead - go through extra steps to get free xmrig?
A: This is cryptocurreny world. Everyone is looking out for themselves. What your "friend" is trying to do is advance his social position by giving you bad financial advice. Think with your wallet, don't put yourself at a financial disadvantage to please a guy you have never seen.
Q: Does the fact that a pool is open sourced mean that it is honest by default?
A: Besides frontend (fancy design and pages) a pool has a backend side (the one is not visible for users) that can be modified by the pool admin to do whatever they want to do. So obvious answer is - no.
Q: Source code of RagerX is closed? What, how can it be!!
A: Just like SRBMiner, Teamredminer, Claymor, TTminer, Cryptodredge, Nanominer and a lot of other miners. There is still for you a possibility to use free and opensource Xmr-Stak-RX
Q: Why are you the only Monero pool to publish view keys and shares data?
A: Good question.
Some may be concerned with RagerX Monero miner and pool being close sourced. Is the displayed hashrate of the miner, pool is real? How can you verify it yourself besides running long run test on 2 same workers on 2 different pools?
We will explain you how RagerX team cared to be transparent enough and give each user a possibility to check everything.
RagerX pool has unprecedented transparency level and you can verify it yourself.
So lets imagine pool block rewards as a whole pie and each miner as getting a piece of it:
There are 2 main parts in rewards verification process:
- Make sure your slice of the cake is as large as it should be.
- Make sure the cake itself is as large as it should be.
So, let's go through each of them individually.
Part 1. Make sure your slice of the cake is as large as it should be.
This part speaks for itself and is pretty easy to understand: If miner #1 hashrate is N% higher than miner #2 - and assuming you are a miner #2 - you will submit N% more shares (if they have same, static difficulty), or N% higher difficulty shares each same period of time. Both (static and variable diff settings) results in miner #2 sending N% cumulative diff. shares over same period of time.
Problem: Tricky point here is - that many (if not all CN pools) are not allowing you to check your share count its difficulty that you had submitted on them.
Solution: RagerX Monero miner - allows you to check each share you submitted on pool frontend as well as gives you ability to download share report with PPLNS time frame on request.Cumulative difficulty of shares will be hashrate (h/s) displayed in miner * 86400 (24 hours * 60 min * 60 sec).Simply divide the share export sum by window size, multiply by block reward, and this is your slice of the cake.
(user submitted shares statistics on the pool frontend)
(report generation tab)
Note: RagerX uses PPLNS reward system, so reward will be credited to a miner in batches for shares within certain time frame. If you are mining consistently (24h and more) you have nothing to worry about. If you are a pool hopper (that joins and quits mining hoping to catch lucky blocks) - your share reward will be cut or completely absent.
Part 1 conclusion:
As you can see you can verify that displayed hashrate is equal to the part of the block that you were paid for.
Part 2. Making sure the cake is as large as it should be
Now, look again on pie chart image in the beginning of this article, and you may spot another problem that can come on the stage:
Problem: on most (if not all) CN pools, you can't be sure that the cake is the size it should be, or in the other words - that pool is not inflating the size of the cake to decrease your share.
Solution: RagerX team publishes pool wallet view key, that gives you ability to check incoming blocks, compare them to pool's mined blocks on blocks page: this means that no blocks were missing.
Pool wallet: 4AAocFHiPAxNqBgVg4q3PiHAFBvugGk7ULhuHzVC5GRXX2mWxYoCy4n4VE5Ya9AnDYAK5yaF5SvJ5PnyvpD9NrBEEUFJ7M5
Then make sure there are no ghost miners. To do that - take the pool hashrate as declared, monitor it for a week, make sure the observed luck (number of mined blocks / shares) matches the declared luck on pool frontend.
Part 2 conclusion:
As you can see you can verify that RagerX Monero pool is not faking (inflating) it's hashrate that could possibly reduce your share %. Publishing pool viewkey is an ultimate transparency effort, that you won't more than likely find on any other Monero pool.
Additional Links About RagerX:
- Monero.RagerX: XMR mining pool with additional affiliate earnings (features overview)
- Monero.RagerX: Affiliate program description: earn XMR even without mining!
- Monero.RagerX: Quick start guide into Monero mining.
- Monero.RagerX: Second Monero pool is available. Want to run own pool? Learn how.
- Monero.RagerX: Is my system suitable for it? Technical requirements.
- RagerX: How to get community participation bonus.
- RagerX: How to configure wi-fi?