I think if we are mining LTC then the profitability should just say 100%, never below. If you are mining LTC you are getting 100% of what you should be getting with it, just sometimes that's less then you want. It's still 100%.
No, you are not, and you are bad at maths.
100% LTC = Estimated found blocks in the period with the current pool hashrate. That will never be the case, it will be more or less. If we get less, like 89%, we can't just say it was 100%, since Terk would have to pay the missing 11% from his own pocket.
If we get more, say 138% and we say it was 100%, Terk would be pocketing 38% of the earnings for himself.
Your maths and common sense is terrible.
You must be new here. I post this idea not because it's necessarily 'correct' (Although, it is) but because having that little percentage thing never go below 100% would stop the endless tirade of posts in this thread about "HOW ARE WE UNDERZ 100%!!! TERK IS STEALING" etc etc etc.
Clearly Terk is not stealing, there is more money to be made keeping this pool alive over the long term then there is with any sort of short sighted behavior such as stealing.
My point is that little percentage on the website is supposed to represent what this pool brings in when compared to just mining straight LTC. Well it seems, regardless of the number of blocks found in a day, if you are mining LTC, then you are mining at 100% of what mining LTC would bring in. Understand my point? Because of variance there is no way to ever know what 100% this or 80% that is with crypto... You just go with what you got. And if what you got is 6 blocks over a 24 hours period, that's 100% of what you brought in.
That 100% is based on the projected ideal LTC profitability. Even pure LTC pools won't be exactly 100% LTC Profitability all the time due to the same variance you mention. In a bad luck streak, a pure LTC pool could be getting 65% or in a good luck streak it could be getting 130%.
True, and I'm guessing that percentage on the website is based on that. I guess I was just thinking it would be nice to shut up everyone who doesn't understand variance by nipping that in the bud and leaving it as a minimum of 100%. Although, I admit some bad choices on mining alt coins could potentially put us genuinely under 100%. Terk's code now allows the pool to split it's hashrate over multiple coins at once so that opens up a mathematical problem to sort out as well.
Either way it would be nice if people understood that sometimes the pool is up, sometimes down, you're looking at a minimum of 7 days to understand how it's really doing. He should remove that hour by hour stat page.
