Post
Topic
Board Pools
Re: Best pool to go with?
by
HarryJohnson
on 05/04/2015, 09:06:24 UTC
At least you realize the question is a very subjective one, and because of that, you're going to get all kinds of different answers.

You do have things a bit askew.  Generally, the larger the pool, the smaller your reward per block.  In simplistic terms, let's assume I've got 2 pools. Pool 1 solves a block every hour.  Pool 2 solves a block every 24 hours.  All things being equal, this means that pool 1 has 24 times the hashing power of pool 2.  Hence, your contribution on pool 1 is worth 1/24 of what it is on pool 2.  So, sure you'll see 24 blocks solved by pool 1 during the day and it all looks nice, but you're only getting small payments.  When pool 2 solves that block after 24 hours, you get a larger payment (24 times larger than each payment you get on pool 1).  However, as I stated, all things being equal at the end of the day, you've received the same BTC from each pool.

If the price of bitcoin rises while I'm getting those smaller payments from the larger pool then drops, which is does all the time and finally the little pool pays out, I would make less at that pool right?