Re: bit pit - ~90 GH/s (LP, Prop, SSL, API, 0% fee, Almost 0% Stales!)
I'm just catching up on the conversations from today. Good discussions everyone.
For what it's worth, I am not a fan of scoring systems. I hear those concerns echoed by others as well.
I am not opposed to proportional either, obviously or we wouldn't have switch to it
I do see both sides to the pool hoppers argument, and am sensitive to both sides. On one hand they do provide real work, and as we've seen today we solved a couple of blocks under difficulty, so they (on average) will get us about half way to a block. However, I am also sensitive to the idea that during long rounds, their early efforts are not nearly as meaningful but they still walk away with some of the profits.
I completely understand both view points. I also like the idea that proportional is very simple to explain, virtually everybody does (or can easily) understand the proportional payout scheme. I've tried explaining the Meni Rosenfeld method, and it is not something that is very intuitive.
Not saying I'm opposed to other schemes, but given what I do know about the various reward schemes I'm inclined to prefer either proportional or SMPPS.
The attractive aspects of SMPPS is that it's somewhat easy to explain, not nearly as easy to explain as Prop. but still pretty simple. I also like it because it helps reward everyone of their disproportional amount of work during a long round. And, unlike scoring, does not penalize someone who might have to, legitimately, leave a round early (think power outage, internet failure, etc).
Either way, those are just my thoughts. I figured it might help the conversation if I said what my feelings on the matter were.
For what it's worth, I am not a fan of scoring systems. I hear those concerns echoed by others as well.
I am not opposed to proportional either, obviously or we wouldn't have switch to it
I do see both sides to the pool hoppers argument, and am sensitive to both sides. On one hand they do provide real work, and as we've seen today we solved a couple of blocks under difficulty, so they (on average) will get us about half way to a block. However, I am also sensitive to the idea that during long rounds, their early efforts are not nearly as meaningful but they still walk away with some of the profits.
I completely understand both view points. I also like the idea that proportional is very simple to explain, virtually everybody does (or can easily) understand the proportional payout scheme. I've tried explaining the Meni Rosenfeld method, and it is not something that is very intuitive.
Not saying I'm opposed to other schemes, but given what I do know about the various reward schemes I'm inclined to prefer either proportional or SMPPS.
The attractive aspects of SMPPS is that it's somewhat easy to explain, not nearly as easy to explain as Prop. but still pretty simple. I also like it because it helps reward everyone of their disproportional amount of work during a long round. And, unlike scoring, does not penalize someone who might have to, legitimately, leave a round early (think power outage, internet failure, etc).
Either way, those are just my thoughts. I figured it might help the conversation if I said what my feelings on the matter were.
does has someone maybe have a link where the different methods (smPPS,MaxPPS, PPS and prop.) are properly explained?
Here is a pretty good comparison: http://eligius.st/~luke-jr/samples/800MH/