Post
Topic
Board Pools
Re: [BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (proof inside)
by
kano
on 19/11/2014, 19:40:47 UTC
Sigh ... read what you just said ... 'estimate'
Lulz.

Exactly Smiley your pool has absolutely no way to tell me what I will be making, you can not promise me a 24 hour payment, you can not tell me what I would make in a week. it would even be hard to tell me a round about figure. 72 hours is a long time to not get a reward. PPLNS pools are in no way profitable to miners, our electricity runs on every single share we put in, we cant just pay our electric on a N amount of income for a certain amount of time, we pay for every second we run our machines, thus making PPLNS pools not profitable to mine in.

...
I can tell you an estimate - just as you can only tell your miners an estimate.
A PPS pool's estimate is more accurate than a PPLNS pool's estimate - that's the difference.

So your conclusion is that variance means a miner can't make a profit?
Wow - I'll have to tell everyone who started mining on my pool before that 2nd long block (224%) that they didn't make a profit by receiving anywhere from 200% to 300% PPS - i.e. almost 2 to 3 times more than if they were mining here.
Yeah that's a majority of the hash rate on my pool.

So everyone here lost money - since they made less than most of the hash rate at my pool - and the miners at my pool can't make a profit.
Your failed logic astounds me.

So I'm wondering, which is it?
1) s0br is an idiot who doesn't care that you are posting this sort of mindless stupidity over and over?
2) s0br really doesn't give a crap about the pool and doesn't even visit here?
3) You are s0br and thus s0br is an idiot who cannot understand variance?

I'm bored with arguing with an idiot who clearly has no understanding of statistical variance - which is the whole basis of how bitcoin mining works.
Each one of your posts to me has included completely failed logic and incorrect maths about my pool and I'm wasting my time replying since anyone who has bothered to learn a little maths should be able to see that each of my replies is correct.
Fin.