Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)
Welcome to the REAL world my friend 
What made you think.........since you are in a pool.........that YOU would get any other reward besides recognition
Pretty soon the only ones making any BTC will be the "mining corporations",They know exactly what they are doing & will do whatever they can to get rich,just like a real life corporation...............very sad,its only a matter of time & us little shits will be run out of mining
Those that have.....will have more.........................
I hope Eligius gets their pool together...I do thank wizkid & Lukejr for their time & effort...but I need a regular payout timeframe.
Yes,I live on some of my earnings.That's MY decision to do as I wish with my earnings
Good luck guys!!!!!
What made you think.........since you are in a pool.........that YOU would get any other reward besides recognition
Pretty soon the only ones making any BTC will be the "mining corporations",They know exactly what they are doing & will do whatever they can to get rich,just like a real life corporation...............very sad,its only a matter of time & us little shits will be run out of mining
Those that have.....will have more.........................I hope Eligius gets their pool together...I do thank wizkid & Lukejr for their time & effort...but I need a regular payout timeframe.
Yes,I live on some of my earnings.That's MY decision to do as I wish with my earnings
Good luck guys!!!!!
Heh, I didn't even get recognition.
The "mining corporations", as you put it, solve hundreds of blocks per day. Maybe there might be some bump of reward for the underdog that solves a block with clearly insufficient power to guarantee that outcome? But, alas, the corporations would abuse that as well. They would just use many wallet addresses with only a few hundred gigahash per wallet, pretending to be an intrepid individual miner deserving a little extra bump.
What really soured the milk for me was the ABSENCE of clear documentation stating what happens in the off chance you find a block. Something to the effect of:
"Abandon all hope of any block rewards all ye who enter the pool. The block rewards are not yours, nor will they ever be. ALL mining results are spread throughout the pool to yield homogenous 'fair' payouts."
THAT would have set my expectations correctly from day one.
All the gobbledygook about CPPSRB, luck, rounds, etc. made NO sense to me when I was starting out with mining. All that information is written to inform the already informed.
Everything cryptocurrency related is SEVERELY lacking in clear explanation, even in the WiKis. Then again, I find ANYTHING that even vaguely relates to cryptography is severely lacking in clarity, even with the BEST of efforts.
If Pool is paying reward to "finder" it is taken from everybody's "normal" rewards. So "finder" is getting better reward from that one block and same time he is getting less reward from every blocks he doesn't find.
And because block finding is pure luck, as there is no extra burden for those miners, in long term this "finders" reward would sum up to same total reward as we are getting now.
In short term I think that having no reward for finding block is favorable for small hashrate miners, because most of blocks are finded by big miners.