Quote from: JoelKatz on November 27, 2013, 07:45:23 AM

Quote from: flound1129 on November 27, 2013, 07:06:17 AM

The payouts would only be fair if everyone had a very similar hashrate

How do you figure? It would be fair to every single miner. It could even use pure PPS. You pick a percentage, X. If you mine a block, you get X% of the block reward less the pool fee. For each share, you get (100-X)% of the PPS rate less the pool fee.

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and variance would be huge. Miners don't like variance.

Variance would be precisely as high or as low as you want it to be. Set X to 0 and you get perfect PPS with no variance at all. Set X to 100% and you get the same variance as solo mining. You get to choose exactly how much variance you want.

If difficulty never increases, sure. If block rewards never change, sure. But both of these things happen and miners most likely to find blocks in the near term (when difficulty is lower and block reward is higher) would benefit most.