Good Gawd man -- why??

Sold mine to you!

How do payouts appear in the wallet do they show as mined or from an address?
Thank you for your help

As someone else mentioned in another it is more likely for them to attempt double spends by creating alternative block chains. I recently discovered that the pool I was mining for (ABCPool) was reselling their hashing power. On fundamentals alone I decided to leave the pool and go back to deepbit. I purposely went to deepbit because I think BIP 16 and BIP 17 need more testing before attempting to implement them. I wonder who ultimately is paying this 105-115% PPS and what their true motivations are. I suggest miners take a closer look at their pool to decide whether or not they support the actions of that pool.

I suppose the same could be said for the default source provided but if the same person where providing source and executables maybe it would be simpler or at least give me less cause for concern.

Recently, I've been trying to find a pool that has the most fair payout system that deters pool hopping. Slush system works ok but it's really bad for people that are not doing this 24/7. Deepbit deters pool hopping but the delayed statistics is annoying. I came across Eligius' Shared Maximum Pay Per Share (SMPPS - http://eligius.st/wiki/index.php/Shared_Maximum_PPS) model. This model works well but I believe there is a flaw. When the pool is running lucky, all is good. But when the pool is running unlucky, there is less incentives for people to join the pool because they know that they will not get their full PPS reward because a part of the earnings will need to be shared with other users that were owed rewards from previous unlucky blocks. This could potentially lead to a vicious cycle where if the difficulty increases and the pool's hashrate does not increase to match, the pool will earn less BTC and would not be able to cover the previous debt.

For example, imagine if a SMPPS pool is unlucky and currently running a 100 BTC deficit. Why would I want to join this pool? For every 1 share I contribute, I would have to likely share it with 2 others for the 50 BTC earned. Let's say the next round is an average round. The pool earns 50 BTC, but since the deficit is now 150 BTC, I will only get a third of the payout right away and need to wait for the rest… assuming I will eventually get them. So why not just join a SMPPS pool that is currently lucky? That way, I will get all the PPS rewards that I contribute. I believe this leads to pool hopping not due to long rounds, but due to lucky/unlucky pools.

I have a proposal for a better PPS system that I'm calling Recent Shared Maximum PPS or RSMPPS. The idea is simple. It's basically SMPPS, but instead of paying out the reward to all unpaid PPS proportionally, RSMPPS will favor recent blocks. So it will first proportionally pay out the unpaid PPS for the current block (the one that was just found). If there are any remaining rewards, it will pay them out to the next recent block that has unpaid PPS shares. It will keep doing that by paying out unpaid PPS shares from earlier and earlier blocks until all 50 BTC are paid out. If there are any left, it will keep those for the next unlucky round. This system will have no disadvantage for new miners joining the pool, because rewards will be first paid to the people that actually worked on the current block. So there's no debt burden on new users. And old unpaid PPS shares will get paid out if the pool gets lucky enough. With this system, it's possible for the pool to never get lucky enough to pay out really old unpaid shares. I think that's fair.

What do people think?