Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1594. (Read 5352367 times)

Just a quick update of my test as my miners start to normalize here.

My 2 miners on antpool are doing approx .0470btc per 24 hours.
My 2 miners on ck are averaging 9.45THs and getting about .008BTC per block.

I need kano to find approx 5.875 blocks per 24 hour period to make what I make on antminer.

I've only been back on antmine for about 2 full days, and I was on ck for about a week.

We'll see if there is anymore normalization to be had after another week or so.

Agreed. You're welcome here, nhando, your commentary is generally right on and valuable, and if it's of any value, I've done longer-term comparisons (on a much smaller scale, to be sure) that have proven to my feeble, retired forensic scientist brain that I get better rewards here...and a whole lot less agony over WTF is going on. Having this degree of transparency, combined with Kano and -ck's skill sets, keeps my blood pressure normal and my anxiety down (and I learn a helluva lot). Stick around. It's gonna be a good ride, Bunkie... 

Block !!

12TMhCpLtAWNk8NiWDQ2FDxc9QYvUKWKVy is on fire !


Go on guys ! keep up the good work !

I think you missed the point...no one thinks you are milking the system.  You are doing us all a great service by pointing your considerable hash here.  I think you are losing money in the long run by hopping back and forth and the frustration for those of us that don't hopity-hop is seeing the 2-4PH drop after a block or in the middle of a slow spell.  A drop of that size for a day or two is most certainly costing the collective us a block or 2 every once in a while (statistically) and we smaller guys depend on those extra blocks to help keep us caught up because of the smaller per block payouts.  I'd bet you would see your profits be higher simply by staying put right here for a 6-12 month stretch but since there is no real way to test it you will never believe it.  You say you are a gambler so why not take a gamble by keep half your hash here nonstop for 6 months and do your normal thing with the other half.  Then you would see which works better...and you could tell us all "I told you so" if you were right! 

thanks Jmww for the double block. provided a good start to the day.


Kano: whats the contest looking like for april? a copy of march or something new?

Here, I'll throw you a future prediction from a crystal ball that I bet is correct
There won't be a fork of bitcoin core where both sides of the fork are large - it will be just the left-overs, who will switch soon after, that were too slow to do it.

At some point it will become necessary to support some changes since they will represent what all the main pools and exchanges will end up using.
At that point we don't want to be mining blocks that are worthless, so we'll switch to that.
When that point is? No idea, coz yeah who knows what 'consensus' actually means vs what satoshi said in his design
I'd certainly prefer a 95% consensus and not a crappy low level 75% consensus like BIP101 tried to use to force their changes ... and failed - yay.

Seems classic is trying the same thing? ... well, will have to wait and see, I'm not saying what will happen here at this point while everything is far from being decided.

Also, we're still only ~3% of bitcoin.
If we were 10% then indeed we'd need to be way more active in our dealing with where we are going.

When you say consensus, what do you mean? Actual consensus (approaching 100%?) or Classic's 75%?

It is hard for the average miner to comprehend the logistics of a  1000 miner hardware to set up.

My point exactly.  People here seems to think that big hoppers are milking the system and are taking away from them, it's quite the opposite.  Short term hoppers most often are the ones paying into the system.   The people who stay usually have more to gain from it, as you can see from my examples.  I'm a gambler so I just do things differently.  =)  That 4th block was definitely totally unexpected and is helping my bleeding. 

and 2 blocks by jmww !

Congrats !

This is very nice to see the big miners hitting some too

jmww is making his way up on the acclaim board

and the double blocks by the same guy that was brought up earlier presents itself again..

... and just to prove my point how it really is random and you can't predict it
4 blocks in the past 6 hours

Thank you very much.

I just noticed and thought " oh crap, these 4 have always been there and I didn't see them...."

The simple fact is that you cannot hop to increase profit.
If you make more, it's purely luck, there is no special strategy to make more. It's not possible.

Hopping has the expected effect of, long term getting the same reward ratio as not hopping.
Simply put, as the block stats show, you run long term, you expect to do OK.
However, if you randomly mine on and off then your reward ratio has MUCH higher variance.
Sometimes that's a profit and sometimes that's a loss.
In both cases, it's way more obvious since ... that's called higher variance

--

Also, anyone paying attention to the last 5, 10, 25 block stats, and making judgements based on them, means you don't understand statistics.
A simple thing to consider is:
i.e. we expect, at 30PHs, to get, on average, a 200% or LONGER block almost every second day ... ... ... ...
(30PHs = average ~7.3 blocks in 2 days)
If that happened, as expected, that would mean we'd have a GOOD 100% expected long term block average.

But the 2nd number also says, we expect on average, almost 2/3 of blocks under 100% and ~1/3 of blocks over 100%
Yep a bit over 1/3 of ALL blocks are expected, on average, to be over 100%

How about a 300% block? Statistically we expect, on average, one about every 5.5 days, i.e. yep! a bit more than once a week.

These numbers should make it quite clear why hopping has such high variance.
You pick a single day to mine that gets a 300% block and bam - you suddenly have a low chance of getting a positive return ... but that's expected to happen, on average, about every 5.5 days ...

hopefully the cooler weather will keep up for a while in Houston..... don't want to have to modify the cooling situation.

In the meantime moar blox plz

Cheers jmww for punching out a quick 22% diff block! Schweet!  

The S7 came in, and is online.

Damn thing sounds like a Huey at idle. 

Nhando. Dont worry what people say or point fingers at i cant image what the daily cost is to run that much equipment. At least you are here when you can be and thats good enough.

Btw where are the pics of the farm.

3rd

Nice to see that 2nd block finally.  Let me clarify somethings as there's still too much misconception..........

1) I've been mining at Kano for almost 4 months now with nhando\NBIZ\DROID account.  We've hit 8 blocks collectively during that 4 months so we're basically adding 2 blocks per months average.  Good but not great, I was actually very frustrated pumping so much damn hash and getting no blocks during the droughts.  
2) As CK said, the surge in and out does not change luck.  If the total pool size drops a lot then of course, statistically the time between blocks could be longer, but luck is luck.  
3) I use Zach's tool, so it's very easy for him to validate that each time I put mega hashes on Kano and leave, I lose a lot of money, not profit from it.  It's much to harder to TIME the PPLNS hopping especially with longer 5ND.  When you jump in, it may be hot, but that doesn't help you as much, as it takes time to ramp up and if you hop, your cool down is smaller in profit than if you have steady hash.  This is why big players don't hop between PPLNS with long ramp up windows.  

The opportunity cost for 5PH over 44hrs with an 8 hr break in between or 36hrs total  is around 23btc or $9430.  Of course I'm rounding up my numbers as my hash rate fluctuate all day long so it's definitely much less than that but that's to give you a rough idea.   So If you think I get big money when we hit the blocks earlier on and then leave, it's actually the opposite.  It's best the blocks hit much later, as I get crap pay if it hits early and if there's a long stretch, that is a double whammy as I would either be getting the cool down rewards or nothing.  This is why pool hopping makes less sense then staying over a longer period of time.  Although we have a difference system in place where we must hedge our bets as we have much higher cost.

This is me pushing 2.5 to 5PH on March 19 at 23:00 and this is all I get for the first 3 blocks.  Even after 8hrs, I'm not even close to my full 5ND.  
403461   20/Mar 07:13   24.81528415   836.506G   34hr 34m 55s   28.86PHs   2.99%   25.050G   864.22THs   0.74312898
403459   20/Mar 07:09   24.84549272   834.617G   34hr 30m 51s   28.85PHs   2.96%   24.716G   854.36THs   0.73577033
403423   20/Mar 02:10   24.84919479   839.999G   36hr 7m 40s   27.74PHs   0.76%   6.389G   210.97THs   0.18899344


That very fast 2nd block was a blessing but it's still during my cool down period so I don't make much.  This is where it's better to have your hash spread out over long period of time rather than just hit big and run.   So as you can see, it's not easy to make money easy doing a hit and run on that 5ND.  So sure, I'm a huge target when things go bad, people like to point fingers.  Frankly I really don't care and it will never bother me.  Just remember, no one profits when the pool goes thru bad luck and my loss is always exponentially more than most here, so it's in my best interest to make sure the pool I mine at have a higher chance of being profitable.  

P.S  I'm sure on the next bad block, I will hear the same whining again, at which, I can now simply do a copy and paste or simply mine with a BTC address.  

Edit : 3rd block just hit so definitely an even bigger blessing.  Better late than never. Back in the 103% WOOT!  Haha