What "dilution" of shares? You'll get paid the same for a share, other things equal, on OCEAN as on an FPPS pool. The difference is that the payment from OCEAN is spread out over ~8 blocks.

If you're hashing for a while and then stop, your payouts will slowly dwindle. But that's not because your shares are getting "diluted": it's because the shares remaining be paid taper off.

As for lack of privacy, another word for that is transparency.

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Discussion

The pplns (tides) payout structure punishes pool hopping. Having intermittent hashrate is essentially the same as pool hopping. If you hash for 1hr, on an fpps pool you get paid for the value of those shares at that moment, you hash for 1hr on ocean, the value of the shares decreases as other contributors continue to hash and you don't, the value of your work is diluted because stopped contributing. Combine that with a very large window of 8 blocks and it really only makes sense if you can hash continuously.

fpps pays you a fixed rate per share.

Tides pays you based on your share contribution as a percentage of all shares for that block.

For variable hash your payout doesn't become worse, but it does become variable. Of course tides hash payout is variable for fixed hashrates too.

My first ocean experiment I got lucky, 8 hours of hash got me 3x what I was getting daily from braiins once my entire 8 block window was payed. Later over a 3 month window test I got payed more than the previous 3 months with braiins even though fees were lower during the ocean months. I definitely had days and weeks where I got less on ocean than the old fixed rate but over time it was more.

Maybe Braiins is a bad fpps pool.