Quote from: Crypt2014 on March 10, 2014, 03:13:44 AM

Quote from: byteflush on March 10, 2014, 03:10:34 AM

Quote from: hughjays77 on March 10, 2014, 03:07:43 AM

You are. I would suggest a freshman level statistics & probability course Roll Eyes

Quote from: Crypt2014 on March 10, 2014, 03:05:37 AM

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?

You are being mean.

I also did not understand it until I read some more about it.
Try http://learncryptography.com/51-attack/
Basically, if someone controls 51% of a coin it could lead to an attack that would enable double-spending and functionally ruin the coin.

Quote from: goodluck0319 on March 10, 2014, 03:10:18 AM

what is fork? really. what does it mean?

Fork is a different "version" of the same coin, in layman terms. It basically means that the coin has split, and since it's a Peer-to-peer network for transactions, it depends who your (network) peers are.

Thanks for the replies.... All I know about statistics is that 67% of them are wrong, probably (That was an attempt at a joke Grin

)
I will switch to another pool and hit that google thing tomorrow to try and learn more ... thanks!

If you want another pool, do try gpu.suprnova.cc, only .5% fee. And those .5% fees have nothing to do with 67% of what statistics tell you - there, it's simple math. Grin