Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1536. (Read 5352367 times)

Can we keep it at 0.0027?   It just got there....

I am in for a decent rental. Fingers crossed!

pushing the turbo button on my miner now.    

edit: wait a sec, the turbo button slows down the processing frequency.   doah.

Yep, in less than 10min we'll be above the record ... if no one finds a block before that

Thanks to our Wednesday windfall, I just fired up my Friday rental BTCs at NH - cdf is at 247% now, so it looks like high cdf race is on!

thanks kano  I will keep that in mind.

I just setup another account  and wanted to be sure I was safe.

Since it is 1.5th  I should not worry.

At legacy2005  you wait and it can be a long time. or not depends.




show the tx id  I can make a good guess for you.

BTW I am about to fire up for a high cdf shot myself.

Well to work it out you first need to know the pool hash rate to determine what 0.00010000 BTC is as a fraction of the pool.

Assuming it's 30PH:

As a fraction of a block it's of course 0.00010000 / 25 = 0.000004
It's a little higher depending on the txn fees and lower due to the 0.9% fee - but they, in general about balance out.

0.000004 * 30,000 TH = 0.12 = 120GHs
35PH would be 140GHs
40PH would be 160GHs
etc

... and of course that would be the average over the full 5Nd before a block, not just at the time a block was found.

so how does one go about getting a 0 tx fee send back or confirmed. somehow managed to send some rental funds without a tx fee. was prepping some funds for a high cdf push and now they are stuck at 0 confirms.

 I need some help  .  what is the level for dust.   not in btc as much as  hashpower.


ie does 1.5 th keep me safe?

Somebody maybe eat some chicken...magic restart? 

but if you increase to 180 th only during  a high cdf spot   the math helps much better to win high cdf  then the  steady flat number of 90th.

I have 25th-28th  in real gear here. It stays.

  I spot rented on some  of the  high cdf blocks below.


752   406348   25.49482709   2016-04-08 21:00:35+00   Matured   578,233,238,077   346.556%   0.969   36 - I got 6 blocks on this rental

745   406042   25.38250979   2016-04-06 17:05:10+00   Matured   432,475,516,451   259.198%   0.925   43 - no spot mining

736   405758   25.35573784   2016-04-04 20:24:36+00   Matured   824,764,252,251   494.310%   0.993   52 -- I got 10 blocks on this rental

726   405383   25.35108456   2016-04-02 08:12:57+00   Matured   424,062,913,997   254.156%   0.921   62 -- no spot mining


this is our high cdf guy below


Block #745 e46btc with a CDF of 0.925 (259.198%) at 2016-04-06 17:05:10 UTC


If we get to 250%  I will spot rent again.

The high cdf part of the game really is cool as it does encourage more rentals from a guy in the 1th to 100th range

the low cdf is also clever as it discourages insanity at playing too much during a high cdf spot.

I believe this is why kano has both prizes.  Note I pulled my quotes out as kano does not like tons of quotes.

From my spreadsheet, I use =24/(Difficulty*2^32/10^12/60/60)*25 for the BTC rate, which currently gives 0.00281463.  Yeah, that formula could be greatly simplified, but you get the idea.

To make the math easier I mostly figure the pool fee and earned transaction fees to cancel each other out to within a few tenths of a %.  That leaves me:
Nicehash 0% = 0.00281463*0.97=0.002730191 (0.0027)

Similar results.  I too am now using a long term 107% number, though I do notice that is trending upward.

I have fixed orders at 0.0028 and 0.0027 to anchor a good spot in the order queue, and I have several floating orders that my bot moves up/down between 0.0025 and 0.0030 to maintain a average rate.


At 0.27% of the pool for 90TH, I have a 1 in 370 chance of being a block finder.  Assuming about 150 blocks per month (1 in 75 chance of a block find hitting a prize), that is a (1/370) * (1/75) [a.k.a. 1/370/75] = 0.0036% chance of hitting a prize (1 in 27,750).  That is the back of the envelope version.  I don't really consider those odds into any of my decisions.

Okay  if you are in the spot of a high cdf block  you can see it is there.

So if you hit a block you do become the leader of high cdf at that moment in time.

This means you  have a 50-50 chance of winning the avalon 6 if it holds up.

Lazy math is  1st prize = 1btc  (sadly  the price of a sale of one used  is that low now)     second prize = .1 btc total =    0.55 btc   added value


Obviously that leaves out that you can later lose that high cdf.  So for arguments sake  lets say added value in a high cdf spot is 0.5 btc  could be higher at most  if you want to say it is

.6 because it is new. Fine

So  if I rent at .0030   I am due   back about a 98.5 % return.

So a coin  should get back .985 btc    I should lose .015 btc  going for the high cdf.  

I would suggest   that is too high to pay.

but

spend .1 btc on a .0030 rental  loses on average  .0015 btc
spend .1 btc on a .0031 rental  loses on average  .0046 btc

the chance of hitting a block with a .1 rental is about 1 in 250

.6 btc divide by .0015 btc        thats about 400 to 1 payoff.
.6 btc divide by .0046 btc        thats about 130 to 1 payoff


So if you qualify for the prize since you are an under 250th guy      playing .1 btc at .0030  is still a decent move.

Ie the math is in your favor.  an do not forget when you are renting .1 btc  at say 200th  you get around 4 hours.  if you do this when we are at a high cdf spot  you could get silly lucky and hit back to back blocks  thus leading  in low and high cdf.  (the odds are higher then 62,500)


So based on past performance .   In a high cdf spot you can play up to 1 btc at 0.0030  and still not be betting at 'bad' odds.  

This does not mean you will make a dime  it just means the odds are not against you.

Thank you for taking the time to provide the insight with links and examples, Kano.  Much appreciated!!!

I have looked into it a bit more and decided the Apple Pencil with iPad Pro and an App called "ProCreate" is the way to go for me personally.

Videos of Manga art with iPad Pro and ProCreate:

https://www.youtube.com/watch?v=zgLzwKIODvY
https://www.youtube.com/watch?v=VMA25CqKcn8
https://www.youtube.com/watch?v=NmRzenbe6rc

I will probably get the Apple pencil with Apps for the iPad Pro Friday or Saturday.

What is the math for the low cdf and the high cdf prize chances? If we are in a high cdf block  is it worth it to play 0.0030?

0.0027    is  just under  the correct number

but reality is if you base your figures on kano pools  life time record

take 0.002727 x by 1.0841 = 0.002956    thus in theory  a play on 0.0027 0.0028 or 0.0029  all are good.

of course  lower is better.
this screen shot shows .

1.0  th  which is the fee less number
0.969 th which is the after fee number.


There are 2 more factors the contest prize chance of hitting low cdf and the contest prize chance of hitting high cdf.
Both have a value for your rental price.

But the math is more complicated.
You also  need to be under the cut off of 250th to qualify for it.

 

I'm not sure 0.0027/0.0028 is cheap anymore after the diff change (I'm showing those as 0% and -1% after the fee).  We've pretty much adjusted downward to match what 0.0029 and 0.0030 were.  I did get a few 0.0026 bites today, but they were brief.

I ran the numbers on my rentals and I'm now up BTC0.76 since I began!    Nice!

Look at that freaking pool distro chart!  We are above bw.com who is over 90PH!  Almost to bitfury and their 12PH containers with chips they won't share.  You can always tell the best pool by the size to distro ratio IMO.  We have had that top spot for months.  That means here you are getting the best bang for your coin.  Top of the hill

Sorry if it sounded like I was saying the pool had a high amount of orphans, that is certainly *not* something I believe.  I was just trying to bring up the possibility that there could be times where it might be very expensive for Kano to pay for improvements/equipment/whatever at the pool.  However, if the pool paid for the improvements, the benefits could outweigh the cost.  If an improvement cost $1,000 per month and brought in $2,000 more a month, it would be smart for the pool to pay for it, but insane for Kano to pay for it.  I just want to deal with any situations that might fit that description.  He was talking about getting some more equipment behind the GFW and I could see him footing the bill for things like that being relatively expensive for him to pay for, but a great deal for the pool to pay for.

Overall, Kano has done an amazing job.  I just want to make sure he has all the support he can use.  Especially when other people are talking about he should reduce his fees, that is nonsense.

Thanks for the answers !