Quote from: bcpokey on June 24, 2011, 05:19:44 PM

So you ignore the equally as likely case (more likely based on available anecdotal evidence) as "myth" because you personally found a block? i suppose that's easier than debating it.

I haven't referred to that as an argrument once. I have also opened the thread before I knew of the block.

Quote from: bcpokey on June 24, 2011, 05:19:44 PM

Myself though i'm not living at home sucking off mommies teat, and so the cost of running a miner is real, and i need to make a showing for doing so, not just sit at the slots and pull the lever until a little bit of change falls out and makes a big noise.

Why do you need to make a showing for a business no one is forcing you to undertake?

Quote from: bcpokey on June 24, 2011, 05:19:44 PM

Just a note, the "average" time to find a block with a single 5870 at the current difficulty is now 152 days, 8 hours, 40 minutes. in that time there will be between 11 and 22 difficulty changes, almost all of them upwards, the ones in the near future will be large. You think that statistically speaking you are really likely to find another "big fat payout" in that time? Does .5 BTC per day seem less appealing than 50 btc per who knows how much time (likely a year)?

What many of you guys seem to forget, when using projections like this, is that the payout of pooled mining is also going to sink into a bottomless pit with these figures and won't be the "sure .5 BTC alternative" but rather something like the "wimpy .000005 BTC alternative". Is that going to be worth your time? Speculating that BTC/US will skyrocket until then, just because difficulty has increased is wishful thinking and and a large risk in itself.

Quote from: bcpokey on June 24, 2011, 05:19:44 PM

but don't pretend that pools are just for lazy ignorant masses

I don't and just try to correct the incorrect representation that pooled mining is statistically more profitable. If at all, it is the opposite. I concurred with the "less variance" fact in my first post. I don't neglect, that there might be a need for that for some people.