Their payout scheme design allows small miners to take BTC from large miners if the small miners are lucky.
It's a gamblers payout scheme.
So basically no one with a lot of hash rate but an idiot would mine there.
Bitcoin is business and livelihood for most miners now, gambling on that is pure stupidity.
Correct me if I am wrong, but: isn't mining very similar to gambling? Your pool stats are strongly affected by the concept LUCK... I think LUCK is the strongest factor affecting the payout (Remember those hard to crack UNLUCKY blocks and all they your miners dancing and eating chicken... BTW, is that stupid?). If you agree that mining is very similar to gambling then, Why you say that gambling is stupid and yourself is a miner who runs a mining pool forked from the repository of that guy who runs that other pool which you say it is a joke and where only idiot gamblers would mine?
I'm just very much amazed that you can tag people as stupid just because they mine in THAT pool with NO FEE which is reaching now 150+ PH.
I'd wish Minergain.com could add to his web service "that" pool to check if the people mining there are stupids as you claim.
Well ... did you even bother to read the link? (or my post)
It already says they are stupid
I'm not sure where I said mining on this pool is very similar to gambling.
Feel free to point it out ... or are you just trying to make some point of your post by peppering it with false statements?
In fact your whole post seems to be "I don't know - can someone tell me what I want them to say that's bad about this pool - that will be different to what the available information is"
Why not work it out yourself and present it
You clearly don't understand the statistics of mining or even looked at this pool's "Blocks" page.
Bitcoin is block based by design, so you probably should learn about Bitcoin also.
Providing a fair payout scheme that helps reduce the variance as much as possible is what this pool does.
If you want a casino - yep both of his pools are best suited to you.
Solo mining is even more of a gamble for anyone without 100PH or so.
Yes we've had bad luck and good luck - but pointing out only the bad luck really is you proving that you are completely biased in your reply.
The long term luck is fine - it's clearly there on the "Blocks" page for anyone who can't work out what should be happening.
Heh - why not continue your misunderstanding and point out that the luck on that pool so far since it started is ... about 84% ... ouch
Pool size is also a factor in that - and unfortunately for all very small pools - if their size is too small, and they're not finding multiple blocks per difficulty change, that's bad for their miners.
Another thing 'that' pool hides is the fact that almost everyone mining there so far has lost big time due to difficulty rises.
When blocks cross multiple difficulty boundaries you lose half the total difficulty rise % if the pool luck is 100% ...
... and if you even understand how the payout works in SPLNS you'll realise it is gambling on the luck of your miner.
I'd suggest you actually look into how payouts work and how difficulty works.
Assuming any pool (mine included) gives you a good reward is foolishness - at least look at the information available ... or if there is none and you are happy to risk your mining ... then I guess that's your problem
However, the stats I provide are quite in your face on the "Blocks" page ...
