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Author Topic: [18 GH][0% Fee] A1BITCOINPOOL.COM 20 BTC BONUS PROPORTIONAL POOL  (Read 8035 times)
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1ngldh


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February 14, 2012, 04:57:17 AM
 #141

The Deja Vu. It is so strong right now. Every 3-4 months this happens. I remember the last time DeathAndTaxes kicked some hopper ass with logic and numbers, and he must be preparing his counter-assault now... Grin

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martychubbs
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February 14, 2012, 05:00:30 AM
 #142

The Deja Vu. It is so strong right now. Every 3-4 months this happens. I remember the last time DeathAndTaxes kicked some hopper ass with logic and numbers, and he must be preparing his counter-assault now... Grin

Funny... you read "All of his logical fallacies boil down to an inability to understand the difference between variance and expected return.  It is possible for simultaneously hopping to provide a significant increase to expected return AND have variance make measuring that difficulty in the short term." and think  DeathAndTaxes kicked some hopper ass with logic and numbers...

Read the last part "...increase to expected return AND have variance make measuring that difficulty in the short term." and read this:

"Although expected return is the best estimate available of future returns, the actual return is not likely to equal the expected return. For this reason, investors and managers would like to have an idea of how precise their estimate might be. To help quantify the precision of their estimates, you use two concepts: variance and its square root, the standard deviation.

Most people are risk averse, in that they wish to minimize the amount of risk they must endure to earn a certain level of expected return. If investors were indifferent to risk, they would not be influenced by the differences between stock A and stock B above, whereas the risk-averse investor would clearly prefer stock A. Therefore, most people want to know the range, or dispersion, of possible outcomes, as well as the likelihood of certain outcomes occurring....(so you can learn to) calculate the variance of an expected return." http://ci.columbia.edu/ci/premba_test/c0332/s6/s6_4.html

Also I know, a pools speed is inversely related to it variance...and slow pools are risky (high variance)...that is why hoppers penalize those pools while hopping.  Which will cause a miner to spend the most time in  low variance faster pools.

Now read once again "simultaneously hopping to provide a significant increase to expected return AND have variance make measuring that difficulty in the short term."  If you easily get confused, that is not the clue that logic is being used to "kick(ed) some hopper ass"

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Gerald Davis


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February 14, 2012, 05:17:42 AM
 #143

The Deja Vu. It is so strong right now. Every 3-4 months this happens. I remember the last time DeathAndTaxes kicked some hopper ass with logic and numbers, and he must be preparing his counter-assault now... Grin

No.  I have him on ignore.  He is an idiot, knows everything and doesn't have the basic knowledge to make a debate interesting.  He can't get the concept of expected value vs variance so really there is no frame of reference to begin.

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February 14, 2012, 05:35:05 AM
 #144

The Deja Vu. It is so strong right now. Every 3-4 months this happens. I remember the last time DeathAndTaxes kicked some hopper ass with logic and numbers, and he must be preparing his counter-assault now... Grin

No.  I have him on ignore.  He is an idiot, knows everything and doesn't have the basic knowledge to make a debate interesting.  He can't get the concept of expected value vs variance so really there is no frame of reference to begin.



Didn't read my last post?  Idiot is pretty strong name calling!  Please mister brilliant, elaborate on "expected value vs variance" and how it is applicable to mining multiple pools?  Think you are loosing...  And mister lazy, use more than a couple of sentences, please.  Or will your followers get confused?

You are being being exposed...and being pretty arrogant.  Three things you can't run from: Death, Taxes and your own imperfections!

And "doesn't have the basic knowledge to make a debate interesting" is pretty bold words for someone who hasn't rebutted this preposterous statement "It is possible for simultaneously hopping"  Dude, you are L-A-Z-Y!

Furthermore, I think I have demonstrated that my IQ is above 80...  81 for the win.  Go back to the van and start "preparing your counter-assault"  "I have him on ignore." Oh, your going to hide with your head in the sand Sad
Meni Rosenfeld
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February 14, 2012, 06:04:11 AM
 #145

DT - Sorry the question was for Meni Rosenfeld, who designed PPLNS.
I did not invent PPLNS. (I did design some of its more accurate, largely unused variants though).

Choosing PPS over PPLNS as a backup pool for hopping has no effect on expected return (assuming equal fees etc.). It does decrease payout variance, but whether this is significant is entirely up to the miner who needs to valuate what variance means to him. Variance is a thing, but it's not boolean - going with PPLNS over solo already can eliminate about 99.9% of solo variance (just for the parts when this pool is used; depends on pool's and miner's size), so eliminating what remains with PPS is generally not very significant, but preferable all else being equal.

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martychubbs
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February 14, 2012, 06:11:28 AM
 #146

DT - Sorry the question was for Meni Rosenfeld, who designed PPLNS.
I did not invent PPLNS. (I did design some of its more accurate, largely unused variants though).

Choosing PPS over PPLNS as a backup pool for hopping has no effect on expected return (assuming equal fees etc.). It does decrease payout variance, but whether this is significant is entirely up to the miner who needs to valuate what variance means to him. Variance is a thing, but it's not boolean - going with PPLNS over solo already can eliminate about 99.9% of solo variance (just for the parts when this pool is used; depends on pool's and miner's size), so eliminating what remains with PPS is generally not very significant, but preferable all else being equal.

Thanks Meni for addressing my question and correcting my previous statement.  I hope it provides value to more that just me.
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