Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1847. (Read 5352367 times)

3 = No DDOS Attacks.   haha

Most likely two conditions will have to be met:

1. The blocks those rewards are based on have to have matured

2. Kano needs to be awake

3. ??

Wow, this block really killed Slush pool.  2068%  Ouch!!  Transferred all the luck to over here.  =)


25909   2016-01-11 10:18   9 minutes   36.65 Ph/s   103880340815   2068%   392808   25.25144372 BTC   29

Dumb question, I know...but I've got a principal who likes "answers" and I didn't know this one. 

Once the "Rewards" show up on the "Payments" log...how long does it generally take for them to actually be transmitted?

One inquiring mind (not mine, but it would help) wants to know...

David / DMwarejr - With Nicehash I can have the same hash rate as you instantly.  Without the Nasty Coach Roach reactor.....hahaha.    My Electrician is so poorly organized, wasted the entire morning and not much have been done.  

P.S At least I have the NiceHash Casino for fun. 

No clue... even if the guy does attack my pool and get in, the pool's liquid assets don't even cover the ransom demand he made.  Pretty sure he stands to make a whopping 0.03BTC or so... pretty sure he'll be spending considerably more to attack than he'd dream of making back from succeeding in it.

By the way... it was our second block .

Jonny Bravo Mining  Emporium found a block, finally, congrats.

and he got ransom demand, ridiculous

who would want to attack such a small pool?

Bah, has nothing to do with luck, probability, statistics, or law of independent events.  It's kano-san's secret code in the pool software that does it!

Geeze! 

and may the odds be ever in your favor. 

We are all forgetting that we are talking about CKPool, so the odds are always in our favor

I hear you on the law of averages, however current or past luck in the "long" run doesn't really have much to do with meeting that average.
It's true that given a completely fair coin and toss of said coin - there is always a 50% chance on each and every individual toss.
Probability of outcome or law of average is based upon an undetermined - possibly "infinite" amount of time.  And the law of average works as such:
Currently the pool luck is "high" - 116.79% for the last month of mining, however each and every block average probability would be 100% in the future from this point forward.
Eventually the nearing of the 100% over the long run will reduce the overall long run average.  The only way that won't happen is if "Good Luck" continues.
The other factor is if it's possible to do something that yields a slight advantage for finding blocks.  Perhaps the work that Kano and C do gives the pool an advantage.
It would be like if a coin was slightly weighted or the individual tossing it, tossed it in a specific manner that reduced the randomness of the outcome.


http://math.stackexchange.com/questions/845379/betting-gamblers-fallacy-vs-law-of-large-numbers

Well, you are right. There is no connection between flipping a coin the 1st and 2nd time. Its the same with lotto numbers.

But, if you had chicken before the 11th flip, then your coin is landing on its edge. (might be a 1.67*10^-4 chance, depending on the coin you use)  

If the numbers work out, then definitely the way to go.  Just sucks you have to shut down for a couple of days.  Good luck to you!

The point I was trying to make that you all seem to be over looking is this:

What are the chances that your coin flipping will always 100% of the time yield heads vs. the chances of your coin flipping yielding a mix of heads and tails?  This isn't about what comes up next, it's the probability of one set of outcomes vs the probability of another set of outcomes, a completely different analysis than "what comes next".

Probability of sets is completely separate from Gambler's Fallacy.

I'll keep you updated on the cost once I get all my quotes.  The reason for the upgrade is to power up the 12 other rigs sitting in a closet waiting for power and to use 80% of my profits after power costs each month to add more rigs.  I found it would be cheaper over an 8 to 16 months period to upgrade my power than to find a place with the power I need and pay a monthly rent of approximately $3,000 to $4,500 on top of what I would pay for power usage.  I can have the rent cost of a building covered with this power upgrade in no more than 4 to 5 months for sure.  I will have added more value to my home for anyone who may want to add on or put another building in the back yard.  I will have the convenience of all my rigs being under the same roof I live in without having to drive to another location at odd hours for whatever reason.  There are definitely more pros than cons.  It just made more sense to me.

EDIT: by the way, 4 bedrooms 3 baths.

Thanks, man!

lol...

I'm also working on an invention to breed and cultivate cock roaches with miniature turning wheels for them to run inside to turn the wheels on generators.  My son is down with it but my wife is having a hard time accepting the concept.

I guess this is your 30 days yield with 2.9 TH/s is 0.24-0.28 BTC, which is about 08 to .09 BTC per Th/s
 
To top my math above, you will need to multiply my 0.00585963 number by 30 (days), which give's you about 0.1757889 BTC per TH/s (Earnings over 30 days). Zach number is only TH/s average over last 30 days, not a total earning.

Hope this helps. Can any of other math wiz's validate the math above?

Zem.
[/quote]

I see. I got the impression the number he was quoting was for 30 days. So, they're not THAT far apart. There's a significant difference in criteria, I think, for us folks who are running our own hw/farms and the renters...an even greater difference between us who don't have to pay for power, and those who do, and what the relative cost of the power is. That's what has drawn me to BTC...it's new ground, gonna impact the world, and us folks are on the point. It's not about money any more for me and my principal...it's about the principle (pun intended).

Just wish (again) that I had not "bailed" on the BTC thing years ago when it was new, and I had mined over 1K BTC (which at that time would buy a soda at McDonald's), then lost the wallet when the laptop HDD died without my backing it up (yeah, dumb with a "D"). Today, all I and my principal are looking for is to accumulate a modest BTC base for retirement security.

Mine on, my friends.  

I was lucky, rented just long enough to have my shares good for all of the big block days we just had. Probably 250% profit or so. Now I'm scared to rent again, might lose the profit, risky business.

Yup, over last few days. More competition (more high TH/S orders) I guess.

Zem