As we were heading for another day of below PPS dividends(and still are btw) I've shifted our BFL gear away from bitminter and aimed it at 50BTC.com, which seems to be working fine with our minirig and singles. I don't enjoy posting shortfalls day after day and worrying about whether we'll get anywhere near our expected dividend each day is beginning to wear on me.
Cheers.
Take a step back an relax. Most of us here understand mining has variable return. The daily return is a nice thing to watch but in reality its just a distraction from the bigger picture.
Many investors choose BASIC because of its nifty, reliable daily dividends.
"Step back and relax" is not a viable option for our heroic fund owner. He has to answer to his shareholders when divs are less than expected for days on end.
As mining gurus with vast experience, we really don't need to be lectured (again) about variance. We get it. We know. We've read Meni's paper, OK?
The issue is not that we are unaware of or surprised by variance. The issue is difficult accounting, the lack of predictability, and the 50/50 chance of below PPS returns.
When a mining security operator eschews PPS and decides to take the risk on other payout schemes, he is GAMBLING WITH HIS INVESTORS' MONEY.It is not worth being a cheapskate and trying to save that 3% PPS fee, as I previously said and we have now seen amply demonstrated.
When you take a risk of loss equal or larger than the chance of gain it's not even a good bet.
Getting back to the "B-B-But variance will even out eventually, because PROBABILITY MATH and stuff" meme, let's just kill that stupidity dead right now, once and for all:
