Re: [BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (proof inside)
Hey - as much as we love our miners sticking up for us, ck makes a very valid point... doing this type of analysis on a 4-block run is not at all representative of long-term variance in mining or the success of a particular pool. I appreciate the comments from Jammers about leaving it up to each pool operator to decide what's best for their users. Kano makes a valid point too - while his site might be light on stats, the blockchain never lies, and as miners its up to all of us to know how things like the blockchain work so we can verify what's going on with our gear and our blocks. We can sit around for days or weeks and debate the relative risks of various payout systems, but the fact is mining is risky for all small miners right now.
And there's another valid point Jammers makes - as these bigger private farms make up more and more of the network, there's some value in having some truly reputable, solid pools. Again this is not to say that Kano's is not - he's been transparent and again the blockchain can't lie. But we think we're doing a pretty decent job too, with keeping pace with changes and making sure our miners get paid.
I dunno what my overall point with this is. I guess I just woke up more refreshed than normal and think we could all do better than this outright fighting when I'm not even sure what we're fighting about. The way I see it in crypto, you can't cry foul until the foul happens, and if things are working, well... enjoy it.
And there's another valid point Jammers makes - as these bigger private farms make up more and more of the network, there's some value in having some truly reputable, solid pools. Again this is not to say that Kano's is not - he's been transparent and again the blockchain can't lie. But we think we're doing a pretty decent job too, with keeping pace with changes and making sure our miners get paid.
I dunno what my overall point with this is. I guess I just woke up more refreshed than normal and think we could all do better than this outright fighting when I'm not even sure what we're fighting about. The way I see it in crypto, you can't cry foul until the foul happens, and if things are working, well... enjoy it.
I used the 4 block 24 hour result as just a way to show kano and his clan of misfit friends with the chip on their shoulders how that 10% bonus can be achieved. Since all they have been doing is flapping thier lips about that 10% bonus and where it comes from. I have to first wonder why they even care where it comes from, If you have your own pool who gives a flying monkeys ass where another pool gets the 10% bonus they pay their members. Kano is not able to see past his own pride and it seems he took my example to a whole other level obviously because he does not understand Pool payout structures versus block mined income, because from that 4 block 24 hour example he took it as the pool makes a 37.5% profit overall, if he would have read the whole post he would have seen I even mentioned more into the longer term mining saying if the pool can get an average of 1 block a day there may be a nice little profit.
They wanted to know where the bonus came from, they accused s0br and his admins of hiding, they trashed this new thread so i agve the babies what they wanted. It is not my fault if they didnt like factual statistics, nor is it my fault if kano does not understand how to mathematically figure out the rest of the month. I gave them an example, it was up to them to use their brain and calculate the rest of the months circumstances. I was not wanting to give them a whole business economics 101 class but maybe that is exactly what they need.
For me Kano is only showing how little he really does understand pools. Just because you can write software does not mean you can run a good business. Mining in a pool and running a pool are certainly 2 different things, CGminer is a program that allows us to mine, it does not tell us how to manage a pool, it does not calculate our income based on the pool we are mining in, nor does it manage a pool for us.
I like jammers comments because it seems very un-biased, a good representation of a good evaluation of many pools. I dont like kano, or Ck's input or the rest of thier little attack squad because it seems they only are wanting to trash a good pools reputation, just ebcause they dont like it doesnt mean they have spread lies and rumors. I have found very little truth to any of their statements against this pool and to have men like the doing such things is just not right in any way. I am not sure what they are all trying to accomplish and why men like them who DEMAND respect seem its ok to act like children and attempt, at any cost, to destroy the reputation of a pool they know very little about. They are programmers they are not Gods, respect is earned, as far as programmers I think very highly of them, as far as a moderator of a forum, and owner of a pool you will get no respect from me. You have well proven yourselves to be great leaders in the mining software department, but you have yet to prove you know anything about running a profitable pool for the miners who mine for you.