Forfeited balance

Maciej
Archived posts: 8
Joined: Oct 13, 2017

Forfeited balance

by Maciej · · Post #11640

Hi,

This is what I'm seeing in my account today:
Forfeit Litecoin -0.25786362 Forfeited balance 11/1/2017

How is it possible without my consent? How did I just lose 0.25 LTC?

Can someone give me advice what happened and how to reverse that?

Maciej
GregoryGHarding
Archived posts: 630
Joined: Apr 16, 2017

Re: Forfeited balance

by GregoryGHarding · · Post #11670

its quite possible you have a low luck miner, low luck miner earnings are redistributed to the pooled community
QuoteUnreasonably low luck and socialized losses
Some miners have unreasonably low luck. While all miners can have streaks of poor luck in finding blocks, some mining rigs are so unlucky that the number of blocks they submit to the pool are far fewer than what would otherwise be expected. These miners exhibit characteristics that allow Prohashing to identify them as "unreasonably low luck miners."

It isn't clear why some mining rigs exhibit low luck, although it has been suggested in some forums that the low luck results from cloud hashing services that rent out miners from owners who use buggy software. Therefore, the victim of low-luck miners often has no idea that the hashrate he is renting is providing less mining power than what he is paying for. Be careful to only rent miners from reputable cloud mining services and look twice if the price seems too good to be true.

The balances of low-luck miners earned during the previous day are forfeit and credited to the remaining miners as "socialized losses." The odds of a false-positive forfeiture are estimated to be around 1 in 10,000, which means that normal miners would expect to forfeit one day's earnings in 30 years of mining, whereas low-luck miners will often find themselves forfeiting balances on consecutive days. If the low-luck algorithm issues a forfeiture against your account, E-Mail Chris and he can assist in tuning your miners so that the problem is resolved quickly.