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Can you explain how the proportional payout is broken? It is not immediately obvious to me how the pool hopping worked. Of course I accept it was broken, I've j
by Danieru 5y ago
Can you explain how the proportional payout is broken? It is not immediately obvious to me how the pool hopping worked. Of course I accept it was broken, I've just never seen an explanation of now. Any explanation of PPLN lasts the historic perspective.
- jcpham2 5y agoEarly on Bitcoin mining pools payed proportional to mining hashpower. Not PPLNS, not PPS, just proportional. Bithopper would basically jump to, or jump away from deepbit( the largest proportional payout pool) on long rounds, long 10 minute blocks. Deepbit and Bitcoin.lc were basically the only two proportional pools you could overwhelm with hashpower, take block rewards from the pool, and damn anyone’s shares or how long they mined there for how many blocks. Others could and should be able to speak to pool hopping but this is why the pools pay the way they do - we exploited the payouts early