I am in the process of updating my simulation script to include a more accurate distribution of block/share times.

I believe this to be a positive Poisson distribution at this time. I don't believe it will make much difference, but it needs to be addressed before some people will accept my work as proof.


For you new comers, the "con" argument to high diff is essentially this. Fast miners are more efficient at reporting their work, that is, they have less work go "unreported". Slower miners are less efficient at reporting their work, because the interruption of new blocks makes a larger percentage of their work go unrecognized. They will have been working longer without finding a share at block change.

Result: no change to overall pool profit. The effect is of the distribution if rewards.

The fastest miners are basically stealing some of the slowest miners hashrate, in terms of reward.

Now, I am no conpiracy theorist. However, it has crossed my mind that some of the people in this forum are some of the fastest miners. They might know about this effect, know it benefits them, and are therefore trying to keep the status quo. I am certainly not accusing anyone of that and I think it's unlikely that this is the case, just something to tuck away in the back of your minds.