Quote from: kano on February 21, 2018, 07:43:35 PM

Quote from: Philopolymath on February 21, 2018, 01:10:47 PM

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I suggest considering changing the pools payout system to a proportional payout system.
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Firstly, people should just ignore his posts and I'll delete them.

Secondly, to prove how stupid he is, a proportional payout system is bad for long term miners.
They lose a lot of rewards to hoppers.
Read up about payout systems.

Lastly, PPS does indeed have a very high risk of the pool going broke, and at least some of those running PPS pools clearly have no idea of the maths involved, they just happen to have very large pockets.
To resolve that, PPS pools MUST charge much higher fees. It's mandatory.
PPLNS doesn't have that high risk or the need for high fees.

Bitcoin by design, has block finding variance, you can't tell in advance when we will find a block, so a payout system that matches that variance makes perfect sense.

There are a number of PPS pools that have gone bankrupt in the past due to the exact reason as described in the payout analysis done by Meni.

Most miners here...(me at least) mine here because of the present system... PPLNS ...
PPS isn't great........... people love to wine for PPS....wrongly!!
Tongue