A share in Ethereum mining is simply a unit of measurement used to describe the portion of work that a miner has completed in a given period of time. In other words, it is a way to keep track of how much each miner is contributing to the overall Ethereum network.
The more shares a miner has, the more their contributions are worth.
There are two main types of shares: accepted shares and rejected shares. Accepted shares are those that the network has accepted as valid and used to add to the blockchain.
Rejected shares are those that the network has deemed invalid and will not use to add to the blockchain.
The number of shares a miner has can fluctuate over time. If a miner is solo mining, they will only have one share – their own.
However, if they are part of a mining pool, they will likely have many more shares, as they are sharing their work with other miners in the pool.
The value of a share can also fluctuate over time. The value is directly related to how difficult it is to mine Ethereum at any given moment.
When mining is easy, fewer shares are required to get the same amount of ETH. When mining is difficult, more shares are required.
Shares are just one way to measure a miner’s contribution to the Ethereum network. Another way is through hashrate, which measures the number of hashes per second that a miner is capable of producing.
Hashrate can be affected by many factors, such as the type of hardware being used, the efficiency of that hardware, and luck.
A share in Ethereum mining doesn’t mean much on its own. However, when combined with other factors, it can give you a good idea of how much each miner is contributing to the network and whether or not they are likely to find blocks themselves or be part of a pool that finds blocks frequently.