Not true. First major flaw with your logic is NOBODY knows how long the round is going to take, hence you don't know when 23% of the round is. Secondly, we totally mess with the stats to trick pool hopping software. The only people this affects is pool-hoppers, which we are more than happy to discourage from even trying to use our pool.
As stated on the front news page.
After much consideration and review of how our anti-pool hopping system is looked upon by members of the Bitcoin community, we have chosen to change the way in which it is working.
In the Past:
If a user participated in less than 50% of the round, their shares would be reduced by 10%, unless a donation was set, in which case, no penalty was applied.
This allowed for our users with legitimate disconnects, or reasons for being unable to mine during long rounds to avoid being hit with a penalty.
Some people seem to belive that this is a negative aspect of the anti-hopping system due to the easily cheatable nature of the system and the fact that pool hoppers are still given a large incentive to exploit our pool.
From Now on:
If a user participates in less than 50% of the round, their shares will be reduced by 50%, regardless of donation. 50% of the penalty fee will be directed toward the donations account and will be applied to server costs and future monthly contests. The other 50% of the penalty will be removed from the total shares for the round, which will in-hand cause the value of all remaining shares in the round to increase.
Example -
100,000 shares are in the round.
User A has 5000 shares and is NOT a hopper. Their estimated earnings before penalties are applied is 2.5 BTC.
User B has 5000 shares and IS A hopper. Their estimated earnings before penalties are applied is 2.5 BTC.
Once penalties are applied, User B's shares are reduced to 2500 where 1250 has been credited to donations and 1250 has been removed from the round. After the penalty is applied, User B's unconfirmed earnings are 1.265 BTC and User A's unconfirmed earnings are 2.5316 BTC.
At this time, any donation currently set on your account will remain in place. Donations will be processed prior to any penalties. As a reminder, donations are entirely voluntary and are not required to use this pool.
We will use this new method of calculating penalties for a one week trial period, at which time we will decide whether or not it is effectively deterring pool hopping and effectively rewarding loyal members of the pool.
Regards,
BitcoinPool Staff
So 25% of the a pool hoppers shares goes to us, 25% is take from the total shares of the round (which causes other non-pool hoppers to get more), and the pool-hopper only gets 50% of what he/she would have gotten had then not been a pool hopper. We're feeling this out to see how it works. This new method gives MORE back to our users and less for us; and as for what we keep it ends up going back to the users anyhow...
Once again we will be doing a random drawing for our monthly give away, and this month we'll be giving away up to TEN SAPPHIRE Radeon HD 6870 (1GB, 256-bit GDDR5 PCI Express 2.1 x16) cards.
(We had a few extra Ron Paul 2012 stickers laying around that we're going to throw in too
We haven't been able to offer monthly contests for the past two months due to various reasons, but we want to make it up to everyone by offering a bigger and better contest for this month!
If pool speed averages 100 - 199 Gh/s for the month, we'll be giving away one Radeon HD 6870.
If pool speed averages 200 - 299 Gh/s for the month, we'll be giving away two Radeon HD 6870s...
...all the way up to 1000 - 1099 Gh/s where TEN LUCKY USERS will each win a Radeon HD 6870!
As always, more info in the forum post here and the rules here. Contest ends September 30, 2011.
So get out there, spread the word, and keep mining!
- BitcoinPool Staff
The bitcoins that we do end up getting as a result of pool hoppers being penalized ends up going towards monthly giveaway, as in the $1,750 (which is about equal to 2 months of donations AND penalized pool-hoppers) I just spent last week for the 10 video cards that we are giving away for this month's Give-Away contest.
Everyone seems to think that Geebus and I make a living off the pool like DeepBit or Slush's pool, BUT WE DON'T!! Geebus and I both have regular jobs like most people, and we run this pool on the side. If we depended on the pool for our living, we'd both be without a home by now.
There is nothing stopping people from mining on our pool with a 0% donation set. As long as you are not pool hopping, you don't get penalized. It's that simple. This way of doing it is much more fair to the loyal miners on our pool. The only people that seem to have a problem with this is ..... pool-hoppers! It's fairly obvious who is a pool hopper and who isn't, because only pool hoppers complain about this. Lots of our loyal miners have already expressed that they like this as it rewards them for sticking around. So feel free to complain all you want, but you'll just be outing yourself as a greedy pool-hopper.
As for all the non-pool hopping miners out there, if you want to be qualified to win a 6870 this month, you know where to come now.
