How can the pool average 8 blocks a day when it is 10 - 12 hours between blocks; look at the last week average 4 ma by 5 blocks for a 9.6PB Hash pool lol.
What does this mean? "4 ma by 5 blocks"? In the last week Eligius has found 52 blocks. This is 7.42 blocks per day.
the statement of more hash means more blocks is not playing out to well.
But i do understand it is all luck, and statistics as wizkid states. I would say more luck.
Luck = statistics. Unless you have some other explanation for it.
Bitcoin mining is like getting a big garbage can full of dice, dumping them all on the floor, and doing it over and over again until all of the dice come up 6's. Your chances of rolling all 6's on the next roll of the dice have nothing to do with whether you rolled all 6's on the previous roll of the dice, or on the previous 10 rolls of the dice. They are independent trials, in statistical terms. Bad luck in the past does not mean good luck in the future. This is known as the gambler's fallacy. Just because the roulette wheel landed on red 12 times in a row does not mean that it has a greater chance of landing on black on the next spin. The wheel does not have a "memory", it has no way of knowing that it rolled red 12 times in a row already, there is *nothing* that can impact its chances of rolling red or black on the next spin, it's still 50/50 no matter what.
Another pools luck stats Pool luck (1 day, 7 days, 30 days): 107%, 103%, 93%
Eligius Stats 10 Blocks 60.43 last 12 hours 27.1 24 Hours 80.02 7 Days 76.15 30 Days 82.67
And the other pool has half the hash power lol
Hashpower has nothing to do with luck, as has been explained to you many, many times.
Man i hate Stats.
Could you please stop with the ignorant comments? As of right now, the pool has found 7 blocks within the last 25 hours. Which means a little below expectation, but nothing out of the ordinary. Before the 10h49m round, there was a round of 0h16m, a round of 1h07m, a round of 3h08m, a round of 0h26m, a round of 6h22m, and a round of 2h50m. The 2h50m and 3h08m rounds come pretty close to expectation. The round of 6h22m is balanced out by the 0h16m round. The 10h49m round was mostly cancelled out by the 1h07m and 0h26m rounds. (Total for these 3 rounds is 12h22m, or ~4h07m average.)
"More hash rate = finding more blocks" is always true, but it is also always relative to the total Bitcoin network hashrate. The Bitcoin network has added roughly 50PH since the beginning of August. This is the equivalent of 5 Eligius's. Even if Eligius adds hashrate (as it has), its expected block finding rate will drop if the rate of pool hashrate addition does not keep up with the rate of Bitcoin network hashrate addition (as it hasn't).
I would guess that, as wizkid stated above, the proportion of network hashrate (and thus % of blocks earned) attributable to traditional pools will continue to decline in proportion to the total network. Lots of the new hashrate is in industrial-scale mines, which basically solo-mine. When miners small enough, they have incentive to mine with a pool (reduced variance) but when they get big enough, the variance of solo-mining isn't too bad, plus they don't want to give up control by mining through a pool.