Quote from: sloopy on March 15, 2015, 03:31:55 PM

I hope my questions have been specific, and sorry in advance for the wall of text. If you are going to respond negatively please do so via PM so we may have a mature discussion.

We go through good days and bad days, but not "luck" to me anymore.
I have never been concerned over Friday the 13th, black cats, or other such things, but there was always something about winning a game of chance enough then expecting a loss, or losing enough and expecting a win.
Through many posts on this forum, and specifically reading this entire thread when I first joined I throw it all out the window.
As I was taught here, luck can be something in the past, but I never expect luck to have any impact on anything. It simply is not real, it is more akin to Santa Claus or the monsters in your closet.
Math is real, calculated probability, but not a dependence of blind luck.
.....

My comment about Friday the 13th was tongue-in-cheek. I'm not superstitious in the slightest.

Mining is essentially like playing the lottery. There is no luck, just randomness and probability like you mentioned. It would be like joining an office lottery pool. You have a higher probability of winning but the proceeds are shared between members. You could do the math for the lottery too - over a really ass long time, probability dictates your profit will be the same whether you are in the pool or buying tickets alone. Though we wouldn't live long enough to see that due to the insanely low odds of winning the lottery.

A question I have is; is there a similar ramp-up period with PPS pools? I suspect not. So the benefit for the members of Kano come after mining with the pool for a longer duration because fees are lower here than with PPS pools. Is that correct?