Quote from: DrHaribo on November 08, 2014, 03:55:38 PM

Quote from: PCComf on November 08, 2014, 03:08:28 PM

The pool reward is pps so blocks are not necessarily paid at a 10% loss based on luck. PPLNS would be that way.

So when the pool is lucky it breaks even. When the pool is unlucky or has even luck it takes a loss. Over time it takes a massive loss. Several PPS pools went bankrupt in the past, even when charging fees.

Quote from: PCComf on November 08, 2014, 03:08:28 PM

If they have a trick or they think they have a trick to stay ahead of luck then it works until it falls apart and in the mean time I am happy with these rewards.

It's not illegal or a scam to throw away hundreds of bitcoins and pay miners too much. That's a whole different discusison.

I've only heard of one pool doing something like this before, and they were "investing" the coins in a ponzi scheme.

Asking questions here is not "stupid questions". Noone is a "complete noob idiot" for asking questions in a situation like this.

"A trick", "business structure" or "rewards in the blocks we solve" makes absolutely no sense. It sounds like a scammer talking.

Thank you DrHaribo - your knowledgable input is appreciated.

Quote from: ckolivas on November 09, 2014, 10:07:42 AM

Quote from: cyberpinoy on November 09, 2014, 08:50:08 AM

You sir are the reason why Children should not attempt this industry. If you are not 13 or still in high school, I feel bad for you. You have no understanding of business economics, and even less understanding on how to run a profitable mining pool. Please save yourself farther embarrassment and stop posting uneducated answers.

You need to learn a lot before you post such ridiculous and, i am sorry, but STUPID answers.

what i sense in you is a disgruntled teenager who was hoping to get an S3 but was never chosen as a winner and now is posting all he can in an attempt to tarnish a reputation. Sorry but that is what your post is screaming behind the scenes.

It seems you are unaware that DrHaribo is a respected and experienced mining software writer and pool operator that has been here with the bitcoin community for a long time. I suggest you reconsider what you just said in light of that fact.

Absolutely, well said CK.

@cyberpinoy: Assuming someone who has a relatively new account to be a "stupid noob", as you so eloquently put it, is fool hardy & reckless. I am heavily involved in Bitcoin & the mining scene & have been for some years now - my choosing to open an account at bitcointalk recently does not make me any less experienced, nor does it mean that I can be considered a target for insults from members simply because they have had an account here for a longer period than me, especially when all I have done is stated facts that you obviously don't like to read, for whatever reason.

I don't post very often, only when I feel strongly enough about something to do so, & the antics of BitcoinAffiliateNetwork (BAN) - it's owner, it's admin, it's methods, it's complete lack of transparency, it's lies & it's many posts of hatred from fake user accounts against any user who questions it's feasibility/honesty is such an occasion.

Mine with them if you want, nobody is stopping you. But don't expect concerned members to stop questioning their behaviour by simply throwing insults at them - on the contrary - it will only make them more determined to get to the truth, much of which has already been exposed in their scam thread.