Quote from: Stryfe on February 18, 2019, 08:39:37 PM

Quote from: Artemis3 on February 16, 2019, 08:41:09 PM

What are you talking about? Blocks are discovered by pure luck, if you want a higher frequency, bring more hashrate to the pool.

Bring an Exahash and everyone would earn more than on any PPS pool right now. So why are some fools still mining on PPS pools? Because they can't manage themselves. The largest miners are the ones who benefit more from PPLNS.

Frequency of block discovery will not increase or decrease your profits, but will reduce the variance in a given period, to the point it will almost look like PPS but better paid (and risk free).

So bring those whale miners here if you want higher block frequency. Whining at Kano is like yelling at the dice for not getting a double 6...

totally agree but for some that have to pay the electric and without a decent reserve, several weeks with no payouts can wreck them. Some of them need the steady payouts to just stay afloat - for them, large pps pools might be a better idea but I do agree that pplns is way better and if we could quadruple the pool hash rate, we would be killing any/all pps pools in payouts.

but long run, like you said, the luck will work out and their net payments should be pretty much equal either way they go. It is all about that luck

The PPS pools act as a "reserve" for them, but that comes at a price of higher pool fees and the possible loss of the money "in transit", in case they get "hacked" or the pool it does not (really) have the proper reserve to withstand an extended bad luck period (or a combination of).

I guess a day/week loss of payment for a single asic miner isn't much to worry, but the whale miner would lose a fortune. Ironic they rather take the risk than learn to manage themselves. If the PPS pool fails a payment, then they would fail with it. Essentially you are trusting the pool like you would trust a bank, hope they can keep that "reserve" safe... And how can you audit if your PPS pool has the appropriate reserve levels?