Title: why not pps? Post by: nokati on May 30, 2015, 10:15:05 PM I see and read alot that for example at a pool that has an 4% fee pps you earn less....
but when I look at the stats of the most pools that do PPLNS or other methods the luck graphic is showing arround 96% for the last 3 months for example.... What am I missing here? Basically if you mine at a 4% pps pool or a PPLNS pool that have 96% luck history you get the same. right? Title: Re: why not pps? Post by: os2sam on May 30, 2015, 10:21:40 PM PPS pools eventually go bankrupt. That's not good for miners nor pools.
Title: Re: why not pps? Post by: kano on May 30, 2015, 11:24:10 PM PPS 4% fee has an upper limit of 96% PPS payout
PPLNS N% fee has an average expected payout of (100-N+0.4)% i.e. no upper (or lower) limit. PPS pays independent of if you do anything useful for bitcoin. PPLNS pays pool miners each time one of them does something useful for bitcoin. The lower the fee on PPS the higher the risk of the pool going bankrupt - but it always has that risk. PPLNS doesn't have that risk. ... You are missing understanding BTC statistics.What am I missing here? Basically if you mine at a 4% pps pool or a PPLNS pool that have 96% luck history you get the same. right? Luck History has no effect on the future. Title: Re: why not pps? Post by: nokati on May 31, 2015, 11:11:17 AM PPS 4% fee has an upper limit of 96% PPS payout PPLNS N% fee has an average expected payout of (100-N+0.4)% i.e. no upper (or lower) limit. PPS pays independent of if you do anything useful for bitcoin. PPLNS pays pool miners each time one of them does something useful for bitcoin. The lower the fee on PPS the higher the risk of the pool going bankrupt - but it always has that risk. PPLNS doesn't have that risk. ... You are missing understanding BTC statistics.What am I missing here? Basically if you mine at a 4% pps pool or a PPLNS pool that have 96% luck history you get the same. right? Luck History has no effect on the future. sure, stats are just for the decoration, Thats why the whole world use statics. |