Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2055. (Read 5352086 times)

Just coincidence, yes.  Personally, I would rather the luck/variance roll past quicker.  If bad luck must happen (and it must) I would rather get past it quickly than wait more than a week for a block.  Thus, I prefer a higher hash rate.

The only time I get nervous about high pool hash rate is when a lot of it is rented hash.  I'm going to qualify this by saying that I see no evidence of what I'm about to mention happening in the real world (our long term luck says that it isn't).  That said, rented hash does come with the possibility of reducing luck since the actual rig owner no longer has a stake in the pool payout (only the renter does).  Using the West/NiceHash as an example (only because I'm most familiar with them - not because of anything specific to them), the rig owner selling hash to West/Nice has no incentive to actually submit block solves since they are being paid PPS.  They could withhold block solving shares without penalty.  In fact, they have incentive to not submit solves since it helps keeps difficulty lower and indirectly their PPS rate higher!  The renter, who has the actual stake in the pool, has no way of knowing a block was withheld and pays for the broken hash.  It is a risk that has kept me away from renting hash every time I've considered it.

So, there is one real possible way that higher hash rate could be a bad thing, but as far as I know I've never seen it in action.

PPLNS doesn't care if you were there 100% of the block, it pays out based on share submissions over a specific time period (or in most cases, specific number of pool-wide share submissions).  The payout range on this pool is 5x network difficulty.  So your average speed over the last 247 billion share submissions (5x network difficulty) was 2.6 Th/s, because you probably have only been mining for the last ~150 billion shares (as of the last rewarded block).

FYI:  If you were to stop mining *right now*, you'd continue to get paid for your previous share submissions until 247 billion new shares have been submitted to the pool by the other users, even if 30 blocks are found before that happened.  You have a period of time required to build up your percentage of the last N shares which you were/are in.  Similarly if you stop mining, you still have a percentage of shares left in the Last N shares for a period of time.  Don't fall into the misconception that PPLNS is short-changing you when you first start.  It builds up your reward slowly, but it has a symmetrical period where you continue getting paid after stopping, the result being it doesn't matter what your mining patterns are, the expected payment for each share submission is never penalized/increased based on prior/future activity.

I do understand but why do I get low avg for the last 2 blocks since I was there 100% of the block ?

That's the average for the whole payout range.
being 2.6 out of 4.5 would mean you were mining for ~2.6/4.5 or roughly 60% of the payout range.

e.g. for me for the last block reward:
364542 25.23990724 247.661G 93hr 28m 40s 3.16PHs 0.05% 131.566M 1.68THs 0.01340831

It was ~93.5hrs so my average over those 93.5hrs was 1.68THs
Someone mines ~430GHs for me 24/7 - thanks again to them
And I averaged for those 93.5hrs another 1.25THs with my home miners that go on and off depending on the time of day.
At night my home total is currently around 2.6THs (my S5 is dead - it would normally be around 3.7THs)
but the "Your N Avg" is the average rate over the whole 93.5hrs

I'm not rooting for less hash power, I am rooting for more Luck. Luck is one of those things that everyone knows cannot be changed, yet everyone tries to change it. By wearing the same socks every time they play a game, or not shaving, carrying a rabbits foot, etc. The pools luck lately has been better with a lower hashrate. I know and so does everyone else that it makes more sense to have more hashrate, but I was just pointing out that when everyone was letting their beard grow we had good luck... 



This is what I was saying, when the pool rate dropped last time the luck increased. I know it was just a coincidence.

Quick question Kano, in my reward tab I see Your N avg at 2.6th and Im mining at 4.5th ? Is there a reason ?
Thanks

Just had the opportunity to update to the latest release .... with regard to the API, it seems more tweaking has been done under the hood from the initial one ..... much better behaved! I'll also do a power reboot when I get physical access to the test rig over the weekend to confirm the uptime bug is fixed too. Looking good ....
You prob also need to update the thread title (again!) to 3.9TH ..... smelling roses all round I suppose.

Confirmed ... by the 32% Diff block we just found

Found by cryptobros with 10THs - well done.

Making progress! I wish it was 3 minutes  is 1DDCzYMiaMNQPhMEQuDypPheH2STDLiq68   your donation address?

Block! Thank u 1ALNASMpj75dnrM3BpquyU813VizXHH2CK 

I've wondered the same thing.  I think some folk get blinded by the 0% fee, people do anything when "free" is involved.

Like "free scoop day" at the ice cream store and people stand in line like an hour for a free ice cream cone.  You could work a minimum wage job for that hour and buy 2 quarts of ice cream, these people don't take into account the value of their own time.

I was enjoying the faster blocks... but at almost half the payout for my little hash rate, so I'm good either way (faster blocks, or bigger payouts) Sticking with Kano, very reliable.

Looks like Bitclub moved to Eligius. They gained about 2ph about the same time we lost it. That pool was at 10ph on June 30th and over 18 today. Why are so many going to a fixed PPS pool that is capped? And based on Kano's comments also is slow on moving to the current block. Just seams odd

your right not bad at all. About to add another s5

Not too shabby, huh?
Lookin' forward to that one!

sounds good to me.

About 1TH/s mined (on and off) to that address starting not long before block 364297
That was the 364297 reward.
You will continue to get rewarded for those shares in any blocks found in the 500% after them.
If you continue mining (as you have) you will of course increase the amount you'll average each day (until you reach the 500% limit)
You can't see the detailed stats since you are address mining.

Edit: OK I got all the info wrong Corrected it.

... and in case you were curious:

So you'll get 0.00218862 in the payout that's coming up shortly.

ok. i thought you only got paid if you hit a block . Cause i mine at stratum+tcp://stratum81.kano.is:81

yep it was your first pool payout..

status: 95 confirmations
Date: 7/8/2015 08:25
From: unknown
To: 1DxcfrdkZaQB9wtdg6nsRKDvsFu56pVtKk (own address, label: miner)
Credit: 0.00081769 BTC
Net amount: +0.00081769 BTC
Transaction ID: 4763791efdf8586832489218a42c210112970c25fb82eae8097cd75e0a6f25dd-000                                                                                                                                                                                                                          this is all I can find out about it still new to this.