Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1026. (Read 5352445 times)

Working backwards with 13THs I get over 58 months to hit a block.  Using your figure of 0.0000036 probability per second just take the inverse and get a little over 3 days so I'd check your math and assumptions.  Plus this is OT for kano-san's pool so maybe continue this in the speculation section...

I was curious about what the chances are of getting a block on March 11th with a hashrate of 13TH/s.  So I did the math on this and it looks like with 13TH/s hashing rate, a machine had a probability of 0.00036% of finding a block with the given the network hashrate of 3,550,270 TH/s.
13/3,550,270 = 0.0000036 == .00036% probability of finding a block every second

Does this seem correct?

Source: https://blockchain.info/charts/hash-rate

There isn't.

The way to see that is by looking at shares, which is how the pool works.
It is basically understanding PPLNS which is fixed on "N" shares.

When you submit a share, it is paid the same way no matter how much hash rate you have and no matter how many other shares you submit.

Again, as it says on the web site:
The last line is the clincher.

Also, the reward is based on the pool finding 5Nd shares.
The higher the total hash rate, the more blocks are expected to be found.
But that 5Nd decides who gets rewarded, not any share to share effect.
If you submitted 1,000,000Diff shares in the 5Nd, you'd get X reward.
If tou submitted 2,000,000Diff shares in the 5Nd, you'd get 2X reward.
The number of times any share is rewarded is dependent upon when that single share was submitted, not based on any other shares.

Lastly, there's the "N side effect" reward result that seems to help people understand the above details.
When you stop mining, you keep getting new (diminishing) rewards for all blocks found in the 5Nd after you stop mining, while each share you already submitted is still inside the 5Nd range of any future blocks found.

The bottom line is, if you look at how a single share is rewarded, it clearly explains that hopping and on/off mining has no expected effect to disadvantage it.

I am not yet entirely convinced that it averages itself out and am working on a calculation. I believe that there is a disadvantage for sporadic miners and newbies, anyone who has not filled the 5Nd window with a flatline hashrate. Once I have my results I will publish here.

I really love the big fat ones like this...and a payout as well!

Oh yeah, this one is nice!

Use multiple accounts?

I'm not sure what exactly you mean.

Though splitting 100THs of course means multiple smaller payouts adding up to the single larger payout.

Can I connect only one wallet to the Kano pool? Is there a way where I can let some miners mine to one wallet and others to another? Thank you

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

Nice Share! Congrats!

I'm still waiting to join the club!

Longtime lurker, first time poster! I logged into my miner today to check on it, and saw that it found my first block! I couldn't believe it since I'm just a small hobby miner, so came here and to kano.is to verify.  

I hope it's not my last.  



FWIW: S9v1

If you look on the web site when you login, at the Workers Menu, Workers->K.Workers and Workers->K.Graph, that shows my mining.
I only mine half the day most days due to power costs

Thank You so very much for your reply. I have gotten in the habit of mining weeknights 11pm to 8am, and then 11pm Friday through 8am Monday as that is my Utility's "off peak" usage rate times. ( I was actually able to pay my electric bill last month w/ revenue from mining this way and have a little left over, LOL )

No penalty.   You get rewarded for your accepted share over the last n shares when the block is found.

Yours shares on the weekend will be counted if a block is found while you are not mining on Monday.
You not mining all daytime Friday will reflect if a block is found on the weekend with its 5n look back (currently ~4days 9hrs.).

It averages itself out to an effective hashrate "Your N Avg" for mining.   

question please:

Your pool interests me and am thinking of joining.
However, being an infrequent miner, will it penalize me by mining only late at night and throughout the weekend?
Does pplns penalize you if you are an infrequent Bitcoin miner?
I have about 17000gh/s to throw your way.

Thanks
Well we aren't "always" ahead, but most months are and they average out ahead also

I agree. With BTC Patience is def a Virtue. You have to look at earnings per-THs on a pool for at LEAST a month to minimize effect of normal Variance.

Over the years I've ran several comparisons. First between the now-extinct EMC vs Antpool. EMC won hands down (and went broke).
2x were Kano vs Antpool last year. Despite all the blocks Antpool finds per-day, between them keeping Tx fees plus the % for PPS along with the huge number of users, over a month - Kano is always significantly ahead by a few % over 30 days time or more..

Being a new miner myself, started in Dec 2016, I think the biggest challenge is patience. I originally bounced back and forth between Antpool and KanoPool before finally deciding to land here for the long term.

If you have zero patience, you will never be happy with the pool you are in. STAY WITH KANO, you won't regret it.

I also want to take this time to thank all of you who contribute regularly to the community. I really appreciate it! It has taught me a lot and I hope to someday pay it forward to others as they join.

The passthru reconnected again at 17:12:34 UTC (a few hours ago)
Anyone mining to the nodes was unaffected.
Anyone mining to the main pool connection will have reconnected or failed over and back again.
A short blip, but it reconnected immediately so all was ok straight away.

I'm back to my usual 7Ths after a reboot of my remote miners