Quote from: os2sam on November 03, 2011, 05:46:57 AM

Quote from: Jack of Diamonds on November 03, 2011, 05:28:46 AM

Quote from: localhost on November 02, 2011, 05:21:54 PM

I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.

There are 0% PPS pools like abcpool.co which means you have zero risk as well as zero fees.
If you don't mine in such a pool then you either support other models for ideological reasons, or like to earn less money for some masochistic reason.

With PPS, fee or no fee, you mine at a flat rate. So if, so called, luck is good you loose if it is bad then you win or least break even.

What do you call "ideological reasons"?

You get what you pay for. There is no such thing as a free ride.
Sam

No, there is no luck in pure PPS. In fact if you look at the site of abcpool.co, there isn't even a round history.
You only get paid for the shares you submit, hence your risk is 0 as you earn the same amount every day.
Your earnings are not based on any blocks being found or not because all earnings come from a private wallet.

Since the site has had a 0% fee for months, it is also the best possible way to mine bitcoins.
Mining at non-0% pure PPS pools is therefore done either out of idiocy, lack of logical capability or for ideological reasons
(supporting a certain pool owner, supporting proportional models, etc.)

P.S. I do realize pool hopping prop. pools and taking advantage of gullible newbies is the most profitable option, but that's not a 'pool model'
that's just taking money from those with limited information on how mining works.