Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 153. (Read 5352229 times)

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The problem with profit switching is the switch is based on past performance, even if it's a few seconds in the past.  No one or no thing can predict what will happen in the future.  So what ends up happening is you chase the potential of making extra profit by switching and you rarely hit it.  Over the long haul you would have been better off sticking with one or the other based on the statistics of expected performance.  The real question to ask yourself is "why am I trying to game the system"?  Pick something based on statistical expected values (minus fees) and stick with it.  You'll do much better in the long run that way.

Here is a calculator that can help...there are others out there as well... http://tradebtc.net/bitcalc.php

Ah just saw this. Thanks, understood. Now obviously the next question... You think there is no value in profit switching S9's e.g. between Nicehash, zpool and kano? Or is the pool operator the wrong person to be asking this question to

It's called bitcoin mining...completely normal.  All the green blocks this month must not mean anything to you.

Nothing to see here...

"9 blocks this month under 100%....
something is wrong here"

(...said no one ever!)

MINE ON WITH KANO-SAN!!!

The probability of the found blocks is shown clearly on the Blocks page.

The probability of the luck of the last 5 found blocks is ... as it says ... CDF[Erl] 0.7670
Which means ... 1/(1-0.7670) = 1 in 4.292 of that happening or since it's 5 blocks, 1 in 21.46 blocks of that happening.
So yep, if you look at any pool out there what doesn't hide their block history, you'll find the current 5 found block luck happen, on average, about every 22 blocks.

After we find the next block, it will again show the numbers.
We'll see what it is when we find the next block.

It was 141.334%

4th block in a row over 160% . . . .
something is wrong here

dont want to be a party pooper,but im afraid you are too late... Especially if you even want (a lot of) money for it...

Actually, it just started this morning. Before that it was all chicken and dancing!

Mine on!

Guys I have a $420.00 Bitmain coupon that sadly I am not going to be able to use.

So Kano users get 1st shot, I paid 100$ for it I will take $100 for it. No problem to use escrow.

The window is 5 X difficulty.

I have not been active on the Bitcointalk in over a year and I see the conversation about PPLNS is still going strong. 

PPLNS = "After a block is found, payment is configured based on a maximum set number of shares instead of just distributing rewards based on the total number of shares during that round. If a user does not have any shares in the window of shares that are being rewarded, there will be no payment to the user. This window of accepted shares can pay out miners from past rounds even if they did not participate in the current round. The number of shares contained in a PPLS reward system vary based on the level of difficulty set to each block."

Thanks for the reply. So based on yours and the above definition is the window, the level of difficulty or the shift (of aprrox 50 mins)? And because of the current '5Nd' each share gets paid out roughly over 6 days currently. Could you post the calc for this?  "204.15PHs which means the 5Nd 'ramp' is roughly 6days 4hrs."

Any share submitted in the last 5Nd when we find a block, gets a reward.
You don't have to be mining at the time the block is found, only you have to have shares in the range before the block was found:
What this means is that (as stated on the page linked in the previous post) when we find a block, KDB counts back all shares submitted until it has counted the equivalent value of 5 'expected' blocks worth of shares.

So as diff is currently about 5 bazillion, when we find the next block, all the previous 25 bazillion worth of shares will be included in the reward.
This also means that each share gets about 1/5 of it's PPS value.
But since we include 25 bazillion each time a block is found, then on average each share gets rewarded 5 times so is expected to average to get 5/5 of it's PPS.

Of course if you want it more accurate, you should replace '5 Bazillion' with 5,077,499,034,879.0 and '25 Bazillion' with 25,387,495,174,395.0
Of course there's no point saying  5 Trillion, since Trillion is not an SI unit, and it differs in some countries.
T in TH does NOT stand for 'Trillion' it stands for the SI unit 'Terra' meaning 10^12
So you could say something like: 5 and 25 TerraDiff worth of shares

Now if you are mining 50% of the time, what you will end up expecting to get is a reward for 50% of your hash rate, of course.
Also, like on any non-PPS pool, if you don't mine all the time, you will get higher variance than the normal pool variance.

Now one more thing to add - price switching is a fallacy.
You don't get the price at the time you switch, you get the price some time a day or more later when you finally get and convert the mined 'other' coin ... less the extra fees to convert that 'other' coin vs the price and fees to convert BTC

Welcome! All work is paid--even if you stop mining, and we find more blocks within 500% of the network difficulty after you stop.

Edit: See here for a detailed explanation of the payout process: https://kano.is/index.php?k=payout

Edit 2: Due to the ramp up/down behavior of PPLNS, you'll hit full payouts within approximately 6 days at the current pool hashrate. However, as mentioned, you'll also continue to receive ramp down payouts for approximately 6 days after you stop mining.

Hi there,

I run about 50 S9's with profit switching using awesome miner. I am trying to wrap my head around PPLNS though. Is every share you commit to the pool paid out or are you only paid out if you are currently mining towards the pool when a block is found?

Also with regards to shifts. Does it matter what time length the miners spend on the pool? I.e. if they switch between 30 minutes or 1.5 hours?

Thanks

Here's to you getting the next block! Hurry, please.

Welcome back to full hash!

Finally got a replacement fan in from Canaan for an A741 that was down for 1 week so farm is now back to full 310+THs
Here block, here block!

Here blocky blocky blocky here blocky blocky blocky

Enough about the coupons....it's time to crack this block!


MINE ON WITH KANO-SAN!

I have 1 x $100 bitmain coupon expiring July 1st that I would let go, for anyone. Interested users can PM me your Bitmain ID, I'll send it along as gift. All you can do is leave a good trust rating/ merit as a return favor.