Topic: [150TH] [PPLNS 0.5%] Jonny's Mining Emporium (bravo-mining.com) - page 41. (Read 267470 times)

OK... once again I find myself explaining PPLNS payouts.  I've tried using examples of glasses of water.  I've tried using math.  I really want you guys to feel comfortable and understand how this thing works, so how can I best help you understand it?

Let me try to break it down in sections to see if that helps, and maybe you can ask about particular sections for further clarity.

What the hell is "N"?
N represents a rolling window of payable shares.  It can be any value a pool operator sets.  It can be a set value, or it can be dynamically adjusted.  The bigger the N value, the bigger the payable window is.

What is ramping up?
This is a phrase commonly used to indicate a miner has just started mining on the pool.  Because they have just started mining, they do not have a full set of shares in that "N" window.  This is important: your payouts during this time will be lower than you think they should be.

How long does it take to ramp up?
This completely depends on the size of "N" and the hash rate of the pool.  The larger the "N", the longer it takes.  How long that is is variant depending on the pool's hash rate.  For example, if a pool sets an N value of 500,000,000,000 shares, and the pool averages 1PH, it will take just about 25 days.  If the pool averages 40PH?  About 15 hours.

What does this mean to me?
As stated above, it means that during your ramp up time, your payments will be lower than you think they should be.  They will gradually increase, assuming a constant hash rate, as you get closer and closer to being fully ramped up.  Let's look at an example.  If a pool chooses a window of 5 times the current network difficulty as "N", then statistically, your first payment will be about 1/5 of what you expect.  Your second payment will be about 2/5.  Your third payment will be 3/5.  Your fourth will be 4/5.  Your fifth payment will be what those mining calculators say you should be making.

WTF, why did I get paid so little?
This is completely normal and expected behavior when ramping up.

Mining with a full clip
Ok... you've been mining for a while and N shares have passed.  Congrats!  All things being equal, your payouts should reflect what an estimated earnings calculator shows.

What does luck have to do with it?
Remember that "N" thing I've mentioned a few times?  Well, because "N" is a rolling window of payable shares, any share you have in that "N" window can be paid multiple times!  If the pool has good luck, which my pool most certainly has, then your shares get paid multiple times!  Typically, with a 5N pool, you expect each share to be paid five times.  If the pool finds more blocks in that window than it expects to, you reap the benefit and make more coin.

I love mining, but I have to stop
Well, firstly, sorry to see you go.  But, there's good news for you.  Remember that whole discussion of ramping up?  Guess what... there's ramping down, too!  Even though you're shutting down your miners, you're still going to receive payments!

Wait... what?  I'm getting paid even though I'm not mining any more?
Yes!  Remember, "N" is a rolling window of payable shares.  Even if you're not submitting any more shares, those shares are still viable and payable until they are no longer in the window of "N".

How does that work?
Just like ramping up, you ramp down.  All things being equal, on a 5N pool, once you stop mining, your next payout will be about 4/5 of expectations.  The one after that will be about 3/5.  The next one 2/5 and the final one 1/5.

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I really hope this has helped you understand PPLNS.  Please feel free to ask any questions about any portion of it, and I'll do my best to help you.

^Just in case others were confused (as I was)...

I've found that if you go to statistics - round (on the pool website) -- it will show you your variance based on the 5N for the last round -- thus, making the math work...

I hope that he can make the math work -- to put that button back up on the main dashboard -- as it WOULD BE useful information if accurate...

I was answered via pm on this question.

Jonny gave me an explanation.   I checked out all his info and could see what him meant.

So in my case the ticker for btc was showing the current round and I mined pretty heavy more then the earlier rounds.

So 10b for four rounds and 8b for the last round was a total of 18b for the last  five rounds.

WOW!!!

Congratulations borachinua!!!

Way to pull off the DOUBLE WIN JACKPOT!!!

 

All,

Because the "Estimated Earnings" shown on the dashboard page is causing all kinds of confusion, I have removed it until such time as I can fix the underlying formulas for calculating it.

Why did I do this?

Because the estimated earnings as currently working calculates your earnings based upon the current round only.  In other words, if this were a PROP pool, that estimated earnings would be correct.  However, since this is a PPLNS pool, your estimated earnings and payout are based upon your total payable shares over "N".

I will update the thread when I complete development work and bring the estimated payouts function back.

Is it an S7? Maybe try flashing the sd card from image: https://cnshop.bitmain.com/files/download/Tools%20and%20Instructions%20to%20Image%20SD%20card.zip

Not sure what to think this morning so far I wake up to a block on the pool =) but one of my miners is dead anybody know how to fix it, it's  just 5 months old?

Granite all I've done so far is turn the power on and off about 8 or 9 times.

so then I came upstairs and I can get to the dashboard  but under status it's not doing anything =(

so now I'm trying to reboot it 3 or 4 times. nothing

The next thing I can think of is to go and plug it for an hour or two and then try it.

it could be the power supply but I seriously doubt it considering it's running right now.

when I was watching it I saw one of the lights on the hashing board flash red just for a second and then go away.

and it's not beeping at me and there's no red light but I'm going down to check again.

any ideas guys?

You know what?  Absolutely.  If anyone finds a block on the pool before the diff change (about 198 blocks from now), I'll send you 1BTC.

Congrats to borachinua on finding block 409094 containing 893 transactions with a value of 25.17913002BTC!  What a nice way to wake up



A nice 515G share by the rental.

Now, onto the contest....

The block was found at 111.52% of expected shares.  According to the table, that range belongs to borachinua.  Yup... you guessed it... borachinua receives the 3BTC!!!  2 for having the correct range and 1 for being the block finder during the range.

I have sent the bonus winnings to the BTC address you have registered with the pool.  TxID: d0659de93222fa64d34dac2a4127d50363435aef282b1562cad3aba76479fd09

Once again, congrats!!!

Good  block found with full bonus.

So if we do it again.


  I pick 15%



I have a question on payout. 

I had more then 8,300,000,000 shares.

That was  like 8,300,000,000/199,000,000,000 or   4.2%  of all shares


so 4.2% of 25 coins =  1.08 coins

my payout was .548 coins

about ½ of what   I should have.

Please check before the block confirms

 

Congrats on the block and the prize. Maybe I'll get a referral fee for turning you on to Jonny's pool. 

Jonny,
Since diff change in about 20hours maybe do a find a block before diff change bonus!

well that's awesome.  thanks everyone.

Congrats borachinua! Nice to wake up to 

Wooohoooooo Grats!!!! and you got it in your range so you got a Bonus 1 BTC for a total of 3 BTC

Absolutely incredible luck congratulations again!!

If I'm not mistaken you are the winner of the 3 BTC (Johnny will confirm that) since the block was found at 111.52% which was the range you chose Congrats...

My first block! 

So, who won?  I started my rental before my range, forgot about it and went to bed.

Congrats block found.
Not going to say mich kinda drunk. Lol

"also the block finder" category it seems.   gj.

Congratulations borachinua

Congrats borachinua!