Some people believe, wrongly, that being with the bigger pool reduces their earnings variance and increases their earnings.
Someone on reddit went and did a Monte Carlo simulation to show them that that really wasn't true so long as the pool had at least a few percent of over all hashing power and that any risk to the BTC price from the negative perception of a 51% attack was far costlier than the couple tenths of a percent you might get by going with the largest pool.
Wait, it's wrong to correlate pool size with steady income, but the simulation correlated pool size with steady income? If you need a few percent to guarantee steady income the base assertion is not wrong.
People were trying to say that there was a big difference between mining with a large pool vs the largest pool and what that guy showed is that once a pool is big enough 3%+ any variance due to the size difference is negligible compared to other considerations.
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Some people believe, wrongly, that being with the bigger pool reduces their earnings variance and increases their earnings.
Someone on reddit went and did a Monte Carlo simulation to show them that that really wasn't true so long as the pool had at least a few percent of over all hashing power and that any risk to the BTC price from the negative perception of a 51% attack was far costlier than the couple tenths of a percent you might get by going with the largest pool.
http://bitcoinswitzerland.wordpress.com/2014/06/15/miners-lu...
Wait, it's wrong to correlate pool size with steady income, but the simulation correlated pool size with steady income? If you need a few percent to guarantee steady income the base assertion is not wrong.
People were trying to say that there was a big difference between mining with a large pool vs the largest pool and what that guy showed is that once a pool is big enough 3%+ any variance due to the size difference is negligible compared to other considerations.
How hard would it be to compile actual statistics?
The pool addresses seem like they would be reasonably easy to come by, but I'm not sure about estimating the mining power of the various pools.
A lot of pools straight up report their average luck and mining power BTCGuild does for example I don't know about others.
https://www.btcguild.com/index.php?page=pplns