I know this has been asked before, but there doesn’t seem to be definitive easy-to-find advice. Perhaps a sticky post with the community consensus could reduce redundant questions. Here’s a post and here’s an article from August which both say “basically it doesn’t matter, unless you’re being robbed.” Is that still the consensus?
Say I’m considering a hypothetical Pool A and Pool B. Both seem trustworthy enough, but who knows.
According to https://chiapool.directory/ , both have:
- 0.01 XCH minimum payout
- 100% uptime
Pool A has:
- 0.000209 XCH/TiB Est. Daily Profitability
- 1% fee
Pool B has:
- 0.000207 XCH/TiB Est. Daily Profitability
- 0.99% fee
Should I simply ignore the tiny difference in Est. Daily Profitability? Are there any factors to consider aside from these? How would you decide?
On the unquantifiable factor of trusting the devs: how much foul play is possible within the official pooling protocol?
- If the pool’s security is poor and someone takes over its servers, what’s the worst case scenario? Could the hackers stop (or reduce) payouts and keep all (or some) future rewards?
- If the devs are malicious, could they skim a 2% fee while claiming 1%? Would this be easy to catch, or would it require someone to analyze their long-term profitability?
- How would I know if I’m being robbed, short of being a regular chiaforum reader? Say I leave my farmer to farm, and check back in three months’ time to make sure my pool hasn’t been cheating.