Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2025. (Read 5352086 times)

Looks like it's time to get the chickens ready   

I like this pool...

Understandable, but also a misunderstanding of statistics.



So with other words, fuck the big guys like antpool and tonight I will move al my Ths's to CKpool!?!

OK thanks.

Edit: I see a lot of this is answered on the help page. Sorry for asking questions already answered. For some reason what is written there didn't exactly click for me, but I get it now.

All the time, and the network difficulty at the time the block is hit by using shifts.

I guess what I meant was, when a block is hit, does the window of time/shares/shifts that determines how the payout is split go all the way back 5x difficulty all the time or is that a maximum? I think it's all the time but I wanted to check.

A follow up is if "5x difficulty" is 5x the difficulty the block was hit at, the expected difficulty, or something else? Or is it calculated using shifts somehow?

I was thinking there is a 500% "wide" window stretching back 500% from the time a block is hit (500% = 5x expected difficulty to solve block based on network difficulty), and that's the N shares, but I wanted to check if this is how it works. Wasn't sure if hitting a block at 50% meant the window was 250% back, for instance. Or if 500% was a Max value but the window only goes back to beginning of block.

now all we need is a block found i cant wait.

Yes the N boundaries are shift boundaries.

Disconnecting for an hour or so you can estimate the difference:
Last payout covered a bit over 213hrs (see the Rewards page) - so if you were mining the whole time for the 213hrs when the next block arrives, you'll get ~0.5% less for each hour you are off in the 213hrs before the block is found.

Of course that is assuming the pool stays around the 1.5PHs it is at the moment.
Hash rate changes and % of the 213hrs you've mined changes will of course affect how small a 1hr outage effect will be.

There is no extended effect on not mining - it is simply the % effect on the total mining time.
You aren't penalised extra for not mining or hopping away other than the expected effect of the % you aren't mining.

Simple example:
if you always mine for 9 out of 10 hours, you'd expect to get, on average, over time, 90% reward vs mining 10 out of 10 hours.

I am still so new to mining so since I have been on this block the whole time with a S3 what is the expected payout I mean, I want to do some maintenance on my miner but have staid this long and don't want to miss out of I disconnect for a hour or so.

N value crosses backwards over block boundaries right?

The simple issue is that you can never know when a block will hit, or even when good and bad luck blocks will happen.

Looking at the block stats table you'll see that the long term average is above the expected average,
but even in those above average stats there's a 666.666% Diff (15% luck) block, the pool's worst block ever,
meaning that in all those stats there are enough good blocks to more than make up for the bad ones -
which of course is better than what is expected long term.

If anyone joined during that 666.666% block they'd probably never want to come back ever again
Understandable, but also a misunderstanding of statistics.

However, 'expected' is just that, what to 'expect', but not what 'will' happen.
If everything was as 'expected' then the current block stats table wouldn't show green for all the CDF[Erl] values and wouldn't show better than 100% for all the block history ranges.
The fact that it does show better than 100% luck for all the ranges doesn't mean it will continue to do that either.

All I can say is that the controllable elements, outside luck, that do affect the pool's 'luck' calculation, are better controlled here than most other pools, and the long term luck and orphan history suggests that is true.

The pool also uses a 5 Diff range for PPLNS payouts which reduces the variance in block payouts.

Ik did put some 7Ths in CKpoolin on advise of a guy I spoke with.

But the pool was already running voor about 90hrs!?!?!

Plese give some advise, shall I remove my other hashes away from antpool or wait for the new block at CKpool?

(Am I making profit on this block if I jumped in later?)

Bitmain needs some major competition so the S7's price comes down and we can mine on kano's pool and put a end to these big company's Centralized pools they don't need Bitcoin anyway when they already have millions. Its like everything else in life the rich and greedy take over everything.

 

Well I'm in Quebec and electricity is not that cheap.  It's more around 0.08$/kWh.  I wish it was 0.02$ though... 

Those miners would only be of interesting if you shipped and hosted them in some private datacenter located in like Québec or China. At 0.02$/kWh this could be very yummy.

Naw we just need to find a way for people to come to Kano. With its great payout i'm not sure why its so deserted. People flock to bigger pools for more stable daily payouts?

I'd rather have 100 S7s, your electricity bill would be much, much less.

If we pitched in on this set up we could add another 4.5PH to the pool https://bitcointalksearch.org/topic/m.12291911 

We had a good run of blocks the other day, we were due for a slow one.

hmmmm, the pool was doing great and now this 107 hours no block. it really must be a huge block.