Im a bit of a noob to all of this bitcoin/litecoin mining stuff, so sorry if this is an obvious question. Im using the grape drink pool and It says the round estimate is .2 litecoins. I check back a little later and its .19. Then I check again and its down to .15. Why does this happen?
More people are mining, so less of what your doing percentage wise is going into solving the block, and therefore you get less litecoins because youve done less of the overall work.
Thank you. Do I need to get one litecoin before it gets inserted into my account?.
No, when the pool hits a block you will be credited with however many litecoins.
Wow, now it all makes sense. Thanks