Post
Topic
Board Pools
Re: Double geometric method: Hopping-proof, low-variance reward system
by
Meni Rosenfeld
on 12/01/2012, 10:15:41 UTC
In the capacitor analogy, every miner has a capacitor which is charged as he submits shares, and its charge level affects how much he gets per future block found. The pool at large does not have a capacitor which charges as blocks are found and affects the reward for future shares submitted. The pool's history has no effect whatsoever on the rewards for future shares.

Hmm will be interesting to see my total payout after I stop mining Ozcoin some time in the future (also after I get all the after amounts)
Coz I joined them a few days ago when their luck was showing high, but I guess that doesn't mean I get more ...
The pool's luck in the past has no effect on your rewards. The pool's luck only affects you if your capacitor is charged at the time.

It seems to me if a pool has a long enough run of luck, you join in and benefit while the value slowly works its way back down as the luck turns.
No. If you read the method's description you'll see that finding a block has two effects:
1. Giving out rewards to miners who currently have a score
2. Decrease the score of miners who currently have a score
It has no effect whatsoever on future miners (or on the rewards of current miners for shares they will submit in the future - only those that they submitted in the past).

Yep Hopping doesn't have to mean your gain is someone else's loss.
Maybe many think those two ideas are directly connected - but obviously in this case - they aren't.
Yes it does. With a given total hashrate, a pool's average reward is constant. If one miner gets on average more than his fair share, it means another gets less. In a hopping-proof method like DGM everyone gets their fair share on average.

What I guess DGM does is allow you to capitalise on the fact that when a pool is lucky, that luck extends beyond the time when it occurs
Thus you can get part of that luck after the fact.
Absolutely not. The luck extends backward in time, not forward. You can't get part of the luck after the fact.

To be completely honest, I'm growing weary of having to repeat the same thing over and over again.