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Early on Bitcoin mining pools payed proportional to mining hashpower. Not PPLNS, not PPS, just proportional. Bithopper would basically jump to, or jump away fr
by jcpham2 5y ago
Early 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