Quote from: stereotyyp on January 02, 2014, 07:01:12 PM

Quote from: Walter Rothbard on January 02, 2014, 06:18:03 PM

Quote from: stereotyyp on January 02, 2014, 02:46:11 PM

some of our effort will be lost now.

Not all lottery tickets are winners. Every share you submit is like a lottery ticket. It's as simple as that.

We pooled our resources, bought several million lottery tickets, and none of them were winners. Our effort was lost. Bummer! But, on average, we'll keep winning a certain percentage of the time, so I'm going to keep buying tickets.

No kidding? I don't want to win with every ticket. I'm not saying that.

"PPLNS - Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. "

PPLNS - is protecting miners from "lottery ticket" effect. Because in the long run probability to "win" is as high as your hash-rate is compared to networks.

All i want to say is it would be better to hold loyal miners and value their effort.

The reward has to come out of blocks actually found.

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In the long run it wont matter for the stable miners,

Exactly!

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and there would be less pool hoppers if they know that their effort wont get lost.

But effort will always be lost when blocks are not found and there is no way to change that.