Sorry, maybe it's not the first time sb asks this question. For sure I'm not the first noticed it, too. Sorry being boring to ask.
Why some people asking reasonable questions are banned and the questions left not-answered?
Such questions have never been answered, let's bring top 5:
1. Clear explanation of hps and hps2 difference.
2. Clear explanation of shares versus hps2
3. What's the idea of masternodes. Why I would want to create one. What's the profit for me, for the network, for the richest persons in BBP?
4. How can we find transparent compare of our own hash to global hash and shares for a long period as for sure they're in the pool's database.
5. Not proportional share vs real hps in the pool. Which brings some doubts about phantom hash/shares in the pool and why we have only 1 pool.
As I strongly believe in GOD, I realized money have ever been the opposite to GOD. Money = Power = Devil. That's why I abandoned my passion to BBP before 2-3 weeks. Now when I'm back the price is down, including relative price in Bitcoin. I hope some day all we will have the answers. Especially hps vs hps2.
This has been answered multiple times. I know the threads are large, so I'll apologize if someone else has answered.
1) HPS is like pretty much any other miner, what your machine thinks it's hash rate is. HPS2 is your effective hashrate based on the number of shares you're finding in pool. Its almost always significantly higher.
2) Shares. Shares are based on difficultly. If the pool difficulty is low, the pool accepts very mediocre answers for the hash question, if pool difficulty then small cpu's only get one or two decent answers but the pool on average still collects the same since statistically, they're getting the decent answers at either end of the spectrum. HPS2 will vary based on the pool difficulty to some degree.
3) Masternodes are like masternodes in scores of other coins. They in most cases (and in this case specifically) provide a mechanism for governance, or how to spend the budget. The profit for anyone is 1/# masternodes of the masternode share. The network benefits as some things like instant send need trusted nodes. For the richest person, they get the benefit of essentially earning interest while they hold the coin.
4) You can see what you were paid out in the transactions. Some variance is normal, but in the end your payout will be based on your HPS2 not your HPS.
5) We have only one pool because its crazy hard to set up if you're not a Windows Server guru. If you don't trust the pool, then you shouldn't trust the coin at this point.