Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
comeonalready
on 01/02/2014, 14:46:32 UTC
It has only been a few days, but it is pretty easy to tell that wafflepool will be very successful if it stays on its current track, and I want to be a part of it.  At some point it will indeed overtake middlecoin, which has so many glaring and outstanding problems, but none of which I choose to point out.

Wafflepool is not perfect though, and the only thing that bothers me is over/under valuing the profitability of coins like dogecoin, which have variable rewards by design.  If the reward for solving a block is truly unknown until after it is solved, then it is improper to assume any block reward value based upon past results.  This is basic statistics and simple game theory otherwise known as expected value.  For dogecoin, the proper assumed value should likely be statically set to 500,000 when deciding which coin to mine.  As I type this message, the expected reward value is currently set to 736,000, which will disappoint almost two times more often than not, and meanwhile we might have passed up mining a more profitable coin with a stable reward value as a result of a bad input into the profitability algorithm.

Wafflepool guy, from what you've been able to put together, you seem like someone I would trust to get this right.  If you give it some thought and run it by some of your smart friends and associates, I am confident that you will ultimately come to the right conclusion.

Also, it would be nice to see hash rate per worker broken out in the stats, as well as an historical hash rate chart, but this request is merely display fluff as compared to my other concern.  Oh, and the best pools always disclose their current PPLNS target.  Thank you for all your hard work!

Edit: 500000 average reward for blocks 1-100000, 250000 average reward for blocks 100001-200000, 125000 average reward for blocks 200001-300000, and so on as per spec.