Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 13. (Read 5352097 times)

Well said, Phillip.

4 years 9-11-2017 to 10-4-2021

btw I was due .7 btc from them on a few addresses and have only been paid on 1 address around .117

So I am owed about .583 btc at the moment.

In the 1000 plus blocks I mined here on kano's pool I was always paid.

So here is to kano for making his payments.

re: miner size and 'Luck'... As Kano said, each block is found by just 1 miner. I must add that it does NOT have to be particularly big/fast one.

2 years ago my "Lucky" r4 running 8-9THs found the third block in its lifetime by returning a diff of 151.7009T which is far beyond what is needed for any ridiculously high diff we will see in the at least near future. Hopefully many years out... Just goes to show it can easily be done with even a small miner if the miner software is working right.

The 'may not happen' is a misunderstanding of the statistics.

The most obvious point being that every block is found by a single miner around 100TH or less.
So if we assume that every physical miner is around 100TH everywhere on every pool (but in fact most are less than that) then 'may not happen' is the same as saying that since each miner is only 100TH, none may ever find a block.
Yet every single block, found every day, is found by one of these miners somewhere on the planet.

The issue with a small pool is the fact that the expected time between blocks can be large.

However, to change another misunderstanding in your comment, the expected time to the next block is always 100% from now.
(there is no 'overdue')

When we will get the next block is completely random, but ... read Help->Luck
https://kano.is/index.php?k=poisson

3 years...1 block...sitting 5-6x the hash rate of kanopool (currently). Gotta admire that dedication.

How do shares play into likelihood of getting a block? Why are you hoping for (I assume) ~15T share? Does the top left of the site show 60T share right now?

mmpool just mined a block, and that's a pretty small pool.  I think it had been about 3 years for them.

Hi, I was doing some of my own math, probably not that good, but it makes sense to me, so correct me if I'm wrong.
Kanopool is currently hashing                                 ~5PH/s
Slushpool (what I mainly mine out of) is hashing at  ~6800PH/s
Worldwide is currently hashing                                ~150000PH/s
Blocks mined a day                                                ~150 blocks

I think it's accurate to say that depending on your pools size is the likelihood to finding a block.

So if there are 150 blocks a day mined and if your pool is mining 1EH/s, chances are you'll get 1 block a day compared to the total hash rate. Seems right to me because Slush averages about 6-7 blocks/day. So, applying this to Kanopool, 150 blocks/day * ~1/30000 of the mining share = 1 block/200 days. Is this about right? The odds of hitting a block depending how lucky/unlucky you are?

The last block Kanopool mined was 436 days ago, so chances are that the pool is well overdue. Which to me sounds like I should divert the few miners I have at Kanopool (about 50TH/s, just what I can do on my own). However, 1/30000 is just such a small chance that it may just be likely that getting that lucky may not happen.

I guess what I'm asking is, is my math accurate and can you add something that I may/may not know to add my miners in, albeit small? I want to help, but I can't deny the slow and steady of Slushpool.

I point out the share levels every once in a while in the discord channel, best so far this month is a 3.9T share.
Less than 5 times higher than that equals a block.
We've also had 5 over 1T so far this month, it's just random, we'll get the next one soon enough.

I'm not a pessimist by nature and always champion the little guy when I can, but every year more miners are being made so every year things change.   I don't doubt you will find another block, but it seems like it could be like this more and more.

That's the number on the top left of the web site pages.
Currently 312.11%

Any calculations on how we are looking mathematically on expected kano?  I enjoy those posts where you breakdown the pool stats.

Lets hope we smash a block soon I could really use a payday!

Every single hash that everyone does has the same chance of finding a block.
If someone is hashing 100x faster than you, then they 'expect' to find 100x the blocks you do.

It's not a race to get a block, since each hash you do has no effect on the previous one.
KanoPool sends you new work every time a bitcoin network block is found, so you just keep on hashing.

The 'expected' time per block is 100% difficulty of mining shares.
That mining does not care if you were only mining on 1 block, or 1000 blocks, as long as you keep switching work quickly each time a bitcoin network block changes, you keep counting those hashes.
When you are too slow to switch work, that's called a 'stale' share.
Of course some 'stale' shares can't be avoided - but the pool average shown at the moment is 0.18%
The % of your own shares that will be 'stale' will depend on how far you are from the node you mine to and how quickly your miner can switch work when told to.

Help->Luck explains the statistics.
https://kano.is/index.php?k=poisson

Correct me if im wrong, but if those huge farms with 10, 100, 1000x times the hash rates we have are getting blocks, is it possible were not getting any because of that? Like think of it in terms of us being a single S9 and them being 1000 S9's and were both solo mining?

A block will be found. Like the 2432 blocks before it.
Alas the timing of when it will be found is uncertain, like on any pool.
The difference here at the moment is that the pool hash rate makes the 'expected' time to a block a few months.
See Help->Luck on the web site to understand block finding probabilities: https://kano.is/index.php?k=poisson

Is there a danger that if a block isn't found, all the last year's hash power will be for nothing for the miners involved? (I realize it would at least be circulating the blockchain).

Also, because of the way bitcoin mining works, we might find a block 3 days after you start mining! 

Well, it's a case of long term between blocks due to the current small size of the pool.
If we can get some more sizeable miners to join, the time between blocks would reduce dramatically.

With respect to earnings, you'd currently get about a 3 month payout if you mine for more than 3 days before the next block.
The 'current' block is always your share of the work of the 3 days before it's found.

Hello Kano,

I wouId like to join your pool, I really like the principes and what you did for the network.

But if I join you now, I am affraid of earning "nothing" : the pool is actually over 300% shares for the current block. If I join you with my "small" hashrate, I will earn almost nothing, because I will no have the time to share suffisantly shares. Am I right ?  (= nothing on the current block + next in long time to wait for)

Yea it will. I’m hoping I get a notification while im away on a Stag weekend. Usually get a block when I’m on holiday lol.

403d without a block starting to wonder if one will ever come round again