Post
Topic
Board Pools
Re: [PPS 2% fee] NiceHash.com pool - higher profits than direct mining BTC!
by
aurel57
on 31/03/2015, 14:53:53 UTC
My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.

The best you can do is use the current rate of payout. Ancient history does not matter, but current luck, or lack thereof, is the only thing you can use. You are quite free to not look at current rates when choosing what pool to use, by all means, please go right ahead and use the one that is currently paying the least, be it due to luck or skimming or whatever.

im going to step in here because the last two pages of this thread are just getting silly.

1) not sure why you keep attacking kano directly. its unneccessary, and makes you look like an ass (same goes for kano responding in a similar manor)
2) LUCK: "success or failure apparently brought by chance rather than through one's own actions"  //OR//   "chance to find or acquire"
-luck (or 'varience') is unpredictable, and always changing. A pool can have 85% payouts one week and 110% payouts the next. The priciple is that over a sufficienctly long period of time (months or years) the overall payout should be 100% (+/- a few %)
3) as such, the luck you see TODAY is not what you will see TOMORROW. It changes. basic probability and statistics says so.

4) why would you put less than the going BTC/TH/day into nicehash calculations? The best method for nicehash is to set it ~3% higher than the "typical/predicted" payout of other pools, so that your miner switches only when it is sufficiently profitable.

I have mine set a bit higher because I have had problems a couple of times with miners failing back over to my other pools and for the risk of that happening again I want to only rent if it's worth my while. And in case we get another run like the PayCoin I don't want to miss it.