Luck value

The term “luck” refers to the probability of successfully mining a block. The ratio between the number of daily, actually mined blocks and the theoretical number of existing blocks is known as the “luck value”.

For example, according to the ratio between a mining pool’s hashrate to the network’s total hashrate, let’s assume theoretically that 10 blocks will be generated per day. If 12 blocks were successfully mined by a pool in a day, the luck value would be 120%; if it is 8 blocks, the luck value would be 80%.

Luck value generally affects the rewards with the payout schemes of PPLNS. With PPS+, luck value affects the rewards from transaction fees (Bonus part). As for the PPS payout scheme, luck value does not affect the rewards. Instead, the mining pool takes the risk of encountering low luck values.