Hashrate, or more specifically hashes are like lottery tickets.
The more tickets you have the more chances you have a winning ticket.
If you buy solo you need to have a winning ticket but you get the entire jackpot. If you pool your tickets you
gate a share of the jackpot if anyone in the pool holds the winning ticket based on the number of tickets in the pool.
Now change tickets to hashes and jackpot to block in the above.
That's kind of a bad analogy.The more tickets you have the more chances you have a winning ticket.
If you buy solo you need to have a winning ticket but you get the entire jackpot. If you pool your tickets you
gate a share of the jackpot if anyone in the pool holds the winning ticket based on the number of tickets in the pool.
Now change tickets to hashes and jackpot to block in the above.
The problem with it (in the context of pool mining) is that you skip the part where you don't get more tickets because the pool buys more tickets.
Let's suppose:
The pool finds 10 jackpots per day*
You hold 10% of all tickets; you get 10% of the total jackpots (or 1 jackpot).
The pool grows 10x and scoops 10x more jackpots (100 jackpots per day*)
You now hold 1% of all tickets and you get 1% of the total jackpots(or 1 jackpot).
*for ease of explaining
Wrong. The tickets are only valid for one jackpot, then everyone starts from zero. Beyond that I have no clue what you are
trying to say.
The pool buying tickets makes no sense. The pool manager can mine like any other user. The pool is just the accumulation
of all the hash submitted by its users.