Post
Topic
Board Pools
Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
by
DPoS
on 21/03/2014, 18:58:57 UTC
Can you explain what pool jumping is?

Is it when someone sees a pool has good luck with finding blocks so they jump to that pool hoping the luck continues?

Thanks in advance for any explanations.

That is the simplest explanation. they leave when the luck is bad and come back when the think it is going to be good. I'm sure that there are more complicated ways of calculating when to stay and go. In the end, they are trying to maximize gains by playing the system. I doubt that what the get is all that worthwhile. but they probably think it is. Like how gamblers always talk about their big wins and forget about their losses.

sometimes people jump on a craps table when a roller get hot and want to join the ride.. or the other way like walking past a roulette wheel that shows it landed black 19 of the last 20 spins so you stop and bet red the next 10 thinking that it has to be red more than black now...

two ways of thinking