Can some explain the details of the proportional payout system that is used on TMB please?
With the use of the multi-algorithm miners (or in my case my home-made API based switcher) on the TMB pools, how does a miner get rewarded when swapping between algorithm pools?
Is the payout based only on shares within a block regardless of time? Some PPS variants use a time element to discourage pool hopping - eg; shares in last N seconds or similar or so called PPLNS.
If the difficulty is relatively low within the block and the number of shares is low, then the payout per share at that stage will be better than average for the block? Conversely if the difficulty is higher and the number of shares is high, then the payout per share is worse than average for the block. This is the whole point of the 'pool-hopping' problem isn't it?
How does the multi-algorithm hopping take account of this? Does it take this into account when switching?
For people using their own API-switching code, are you looking at this when making the switching decision? eg; number of shares and difficulty
I am doing a simple switch based only on the reported profitability every 5 minutes. If the profitability of a different algorithm is +5% then I switch. If not I stick. However I feel I should be taking more into account before switching.
Thoughts?
We use PROP, not PPLNS.. so you are paid for every share you contribute towards a block whenever a block is found, regardless if you're mining on the block from the beginning, or if you hop in just before a block is found. The value per share is relative to the total amount of shares contributed to that block find.