Re: [ANN][POOL] Profit switching pool

I have a unconfirmed doge balance of about 400. Something is wrong. Either we found too small of block or payouts are wrong. With the small pool hash and large doge blocks it should be thousands

What the hell it went down even more after it got confirmed. Where are the coins going?

The last dogecoin block we found was indeed very small -- only 193,881 of a possible 1,000,000.

dogecoin 2014-02-04 03:44:24 8b67e7e8199c7faf046648f3cb7eed7c5b6b5efacd786cc1e39086c25f5777cf 193,881.10278679 valid

But that begs another question... As it was pointed out earlier, the profitability algorithm knows the doge block reward in advance, so how did it ever determine that mining a block with such a low reward was the most profitable option at the time?

I was a bit curious about this as well. Why wouldn't we (or anyone) just mine the most rewarding block...or just discard less profitable ones?

I thought perhaps the reward estimate might have been off at the time, but I've been following the recent estimates posted on the stats page and the subsequent generation rewards in the block chain and they indeed do track properly. I then considered the possibility that we very quickly found the next block after the one deemed to be profitable -- before being able to switch to another coin, but there was a 66 second gap between the two blocks being found, so why didn't we switch to another coin? What happened? At 193,881 doge reward, the profitability for that block would have fallen below even that of litecoin, which always has sufficient exchange volume, so how is it that we were still allocating our resources to doge under those circumstances?