Post
Topic
Board Pools
Re: [1450 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
christhegoth
on 17/08/2014, 20:40:56 UTC
Sorry guys I had to jump ship.   I know you can expect the same payouts over time either way, but there is another factor involved.  The odds keep increasing against us every 14 days.  If the difficulty remained constant then yes I would agree you get the same pay over time eventually.  But the fact is when the odds change every 14 days, you do not have infinity to make up for the variance.  You have 14 days and if you have horrible luck, well you have to make it up now with even harder odds.
I think the logic that you eventually get same pay only holds water if diff remains constant.  Matter of fact if pool speed remains same or drops, you can expect less and is highly unlikely you will ever regain what you lost during the bad time.
I really like this pool, not sure what is keeping another couple petahash from joining us.  If we could hit about 3PH I think we would be able to hold our own, but for now I just can not afford the gamble.
Difficulty has slowed in growth.    Stick it out.   Over the long run, your payout will be the same regardless of the size of the pool.

EDIT:   added end of sentence for clarity that his payout is not going to grow from one pool to the next.   His variance will change.

Either your logic is flawed or Pooled mining is no different than solo mining then.  If your payout remains the same regardless of hashing power, why not everyone just solo mine then?

If difficulty remained constant your logic would hold true.  Fact is you need to come close to what you should earn every 14 days or there is no getting those days back.

Heh! I have a single U1 set up for solo-mining as the odds are so bad. I call it my Lottery Ticket Cheesy