With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?
This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.
You only have less variance in a bigger pool. No advantage in the long run.
Not true.
Let's do some calculations:
Pool1: 1 TH, finds block every 23.07 hours, 1.04 blocks/day.
Pool2: 10 TH, finds block every 2.307 hours, 10.4 blocks/day.
Mining with same hashrate, payouts will be statistically equal.
But there's one interesting thing:
Each block in Bitcoin network have ~0.5, sometimes even more! of Transaction Fees.
In Pool1, we have this bonus only 1 time per day. In Pool2, we have it 10 times a day.
So on Pool2 with stronger power, will collect more Transaction Fees and users get it split between them 10 times per day instead of 1! That's ~5-10 BTC more for pool, every day.
Bonus reward for miners equals ~1/3 of block everyday, at no extra cost? Sure thing.
That's why it's better to mine on bigger pool, more rewards (thanks to network transaction fees) to split and smaller variance.