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Lightning payout would definitely be nice, I wish they had it

need lightning payouts fr

Some of us. FPPS is a rug pull away from realizing PPLNS is the way. FPPS is the Sam Bankman Fried of mining.

Riot left. On top of that IMO bad marketing strategy. Global hashrate going up and braiins not able to keep up capturing growth. Meantime between blocks never stopped increasing. Also I don't think they care that much about the pool. Not their main source of revenue. Lack of focus.

Will try my best. PPLNS means that pool will split the reward among actual miners based on the valid shares they submit to the pool during the discovery of a valid block. How they split it is something like this: (YOUR_HASHRATE / POOL_HASHRATE) x BLOCK_REWEARD = your corn. THIS IS REAL MINING, YOU ARE BOUND TO BE LUCKY. THE POOL IS BOUND TO BE LUCKY.

Important YOUR_HASHRATE is not exactly what your miner is hashing but what the pool believes your hashrate is through valid shares submitted. So your hashrate is basically SCORING that has some ironing on the edges. See:

The yellow line is your scoring. The combined scoring of all miners is the pool total hashrate. Here is the thing: you can only trust the pool that what they are saying is REAL. The more they say their hashrate is (denominator) the less they pay you. You have to trust them, but they don't trust you. You may be able to extrapolate pool's hashrate from global blockchain activity but there is lots of room for error and money to make in between filling the gaps.

If at the time the block is found, lets say you have a 1MW S19J Pros, you may get 2500-3000 in USD terms as daily average mining. If you miss THE one block found every 24 hs due to a 1hr utility issue exactly when the block is found.. you miss 3k times your MWs in mining equipment. So running a 100MW facility experiencing a 1hr dowtime just when the block is found means you lost 300k USD in mining revenue. PPLNS is for pools that concentrate enough hashrate that can minimize exposure to downtime by finding blocks every couple hours at minimum. Braiins marketing strategy and ability to onboard larger miners has been terrible and at some point the less hashrate you have the more hashrate flees, its a crashing feedback loop.

Real bitcoin mining is all about PPLNS. FPPS is just a scam run by rugpools. Revenue share is even more obscure and there is a lot of room for discretionary decision making like what Chun did in F2Pool "returning" corn that was not his to begin with. Miners are not mining when in FPPS they just lease hashrate and take the WORST part of the deal allowing SHITCOINERS for eg. to negotiate as if the pool hashrate is their own and use it to inscribe bullshit ordinals and get paid outside mempool fee transaction structure.

The ELI5 part: What is happening now is something like this; Brian and Luxios run pool services. Brian a legit business PPLNS focused more in bitcoin centrix miners (extinct species) and Luxious a shitcoin ordi pool business fiat centrix that doesn't give a flying fuck about bitcoin. Brian should have fired his entire marketing staff and save the pool but in reality is more of a PIA, so he focues on firmware and hardware business. While on the other hand Luxious is making deals over the counter exploiting miners hashrate inscribing ordinal shit outside the fee structure building inventory for their next opensea brc20 fuck scam.

Bitcoin community is too fucking busy and high on ETF shit and Milei to even pay attention on what is really going on. So FPPS is basically a scam to take out the real miners that produce the hashrate and let only the pool overlords to use that hashrate to play god, like testing and fine tunning their OFAC bullshit and capture all behind the scene inscriptions that won't reflect on fees.

I am afraid that lack of understanding of how actual mining works for most bitcoiners is terrible and we are about to find out the hard way the impact of not paying attention and being distracted with BS cringe narratives.

What we need to DO as a bitcoin community is prepare for next bull run to make it impossible for shitcoiners to sell their bullshit dick picks that are populating our nodes. We should be focusing on a strategy so they can't get their returns on all the inscriptions that are being fabricated for inventory purposes to sell to low iqs by the "tube influencers".

In Argentina we have a say: "escupirle el asado" which translates to something like: "spit on their barbacue". This is what we need focus on, ordinalers are dumping capital building inventory in anticipation to the next bull run to sell shit to low IQs. We need to let them stress test Bitcoin and when they finish their barbecue, we just spit it so no one can eat.

SBI I think still offers optional PPLNS, but not sure need to check. Also blocks do not come often do downtime can be a pain.

I have the same question.

I think I this post captures it: #225173