Post
Topic
Board Pools
Re: [1450 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
organofcorti
on 21/06/2014, 13:06:25 UTC
You seem to be obsessed with having a pedantic debate on statistics.  I have absolutely no interest in that.  If you want to CONSTRUCTIVELY discuss how public pools can be defended in an environment where people are actively trying to cheat them I would be very interested in seeing what you think.

Bitcoin mining *is* statistics. If you don't understand them, you don't understand mining.

As I said, pedantic.

And with a Ph.D in engineering and over a decade in semiconductors I can assure you I understand the statistics just fine.

I look forward to your analysis of what actions a pool should take to defend against exploitation by miners either intentionally withholding block solutions or operating defective hardware.

All I have attempted to do here is explain the what multipool experienced was not unusual. My mistake lay in thinking that you didn't understand that. However from your last post, I see that you claim to understand the stochastic nature of pooled mining rewards, but you find it pedantic. You understand, but you don't care.

Well, that's where I get off. If you understand that it was not particularly poor luck, then I have nothing to explain to you. It does however leave me wondering why anyone - when discussing the topic of bad luck in bitcoin pool mining - should care about the opinion of someone who doesn't think the process is important?