so wait if another group solves the block first we dont get paid??
Your shares are still counted toward our winning block!
Ah right ok, so on a pool like deepbit or swepool, which pay you as you go, if they dont win that block the pool owner has effectively lost that money until they win one?
No! Your cut is still of 50BTC! Just that 50BTC reward is cut up over 1,000,000 shares instead of 100,000. (these numbers are just examples)