I came back to PH for 24-hours when they said they would up the profits by 4% and gave it another test.
For whatever reason the hashrates are still low. I run on litecoinpool for 4 days and get 0-4 rejects from my miner.
In 24-hours I got 79 from this pool. I never see over 550 hashrate on PH, yet I see 650+ on litecoinpool.
Bottom Line, 24 hours on LCP.org was .037378 litecoins.
24-hour payout from Prohashing was .032954
Even with the 4% increase Prohashing is still only paying 88% of what I can make at LCP.org.
If the pool increased ANOTHER 12% it would be where LCP.org was yesterday.
BUT, in 12 more hours LTC difficulty is set to drop another 5-6% which will further increase profits at LCP.org and likely increase their lead in payouts.
The only thing I can figure is with the pool having to underestimate profits to cover itself...orphans, low luck, that miners here are earning less and when the coin conversions happen at 100% instead of the decreased underestimated value from the pool they get less returns than a straight up split. If you mine LTC and its profit says .9, that .9 is a percentage of what the actual value is, maybe its worth 1.0 but the pool underestimating it to protect itself says its only worth .9 but when you go to buy the coins you still need to pay 1.0, and that difference between the profit price the pool pays and then what it has to charge to get your coins best as I can tell is the 10-12% difference in the profits from the pools.