Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Block 2600 ETA 23:00 EST
by
BorisTheSpider
on 10/03/2014, 03:09:50 UTC
Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?

It doesn't work like that - you get paid exactly the same on any (honest) pool - your variance will be lower on a big pool because it's less likely they go hours without hitting a block, but on the other hand, does a few hours matter much??? Is your view that short term???

OTOH, if you join the biggest pool, you basically attack the blockchain - if someone has over 50% of nethash (in fact, more accurately, if they have anywhere near 50%, so even 30% is bad) then the coin is fundamentally untrustworthy at that point - no-one can know without forensically analysing the blockchain that bad stuff hasn't been pulled off - that is terrible for the value of any coins you mine.