Are miner pool thieving away?

[DrHaribo]

It isn't just the increase in difficulty that causes you to earn less. any increase in hashrate will adversely affect how much you earn.

Not until the next difficulty adjustment.

[Trongersoll]

It isn't just the increase in difficulty that causes you to earn less. any increase in hashrate will adversely affect how much you earn.

Not until the next difficulty adjustment.

Even though my take isn't mathematically sound, i can't help believe that it is true. I can't help but believe that at some point one miner's production will interfere with other's. Especially with such high hash rates.

[DrHaribo]

Why would they interfere? That's only superstition.

The chance that a proof of work (aka share) mined at difficulty 1 will produce a block is 1 divided by the difficulty.

So your hashrate determines how many lottery tickets you get, and the difficulty determines how likely each lottery ticket is to win. That's all there is.

[flower1024]

Why would they interfere? That's only superstition.

The chance that a proof of work (aka share) mined at difficulty 1 will produce a block is 1 divided by the difficulty.

So your hashrate determines how many lottery tickets you get, and the difficulty determines how likely each lottery ticket is to win. That's all there is.

please note that as soon as a block is found all old tickets are thrown away and new are printed

[DeathAndTaxes]

Why would they interfere? That's only superstition.

The chance that a proof of work (aka share) mined at difficulty 1 will produce a block is 1 divided by the difficulty.

So your hashrate determines how many lottery tickets you get, and the difficulty determines how likely each lottery ticket is to win. That's all there is.

please note that as soon as a block is found all old tickets are thrown away and new are printed

Well no tickets are thrown away as soon as they don't win.

Hash = losing ticket
Next hash = losing ticket
Next hash = losing ticket
.....
1 hash or quadrillions of hashes later
.....
Next hash = winning ticket.  Block solved.

[flower1024]

Why would they interfere? That's only superstition.

The chance that a proof of work (aka share) mined at difficulty 1 will produce a block is 1 divided by the difficulty.

So your hashrate determines how many lottery tickets you get, and the difficulty determines how likely each lottery ticket is to win. That's all there is.

please note that as soon as a block is found all old tickets are thrown away and new are printed

Well no tickets are thrown away as soon as they don't win.

Hash = losing ticket
Next hash = losing ticket
Next hash = losing ticket
.....
1 hash or quadrillions of hashes later
.....
Next hash = winning ticket.  Block solved.

you are right.. i forgot that for every share the odds are exactly equal