Wow... kano ripped s0br a new one there. Let's see how what s0br states translates:
I spend $20,000 a month buying btc to offset the variance not to mention around 200+ BTC I've had to cover from hacks and thefts from the earlier days... Even with our registrations being closed our speed is increasing... which doesn't make things easier for me.
At $250 a coin, that's 80BTC he's personally buying a month to offset variance. BAN is hashing at about 4.5PH/s. Assuming that number has been constant for the past 4 weeks, and with the difficulty pretty much flat over that time (average was 46943160304), BAN should have found 53 blocks give or take. According to the pool's stats, BAN found 51. So, BAN is 2 blocks shy, meaning s0br's on the hook for 50
BTC.
But wait... he's not really on the hook, is he? After all, he goes on further to state:
Yes.. now with the current delayed payments people do take a risk.. but they can mine a little.. test things.. mine somewhere else and wait. The idea here is to offer people another alternative...
What is this delayed payment stuff? There is
no such thing in PPS. You do not wait on block confirmations to make payments. Why is the miner suddenly taking the risk? The whole premise of PPS is that the
POOL takes on the risk. As both kano and organofcorti rightly state, this is not PPS. kano calls it BFPPS. organofcorti calls it PPB. Whatever you want to call it, the fact remains that it's not PPS.
