Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2067. (Read 5352140 times)

woot, now lets hope for a few green ones to go with it.

i just switched my 2 s3s back to the solo pool too. so the payout should be good.

Well you are looking at days, not Diff %, and days is dependent upon pool hash rate.
Lower hash rate expects an average longer times between payouts, but an average higher amount per payout.

Of course a 200% block means (as I said before) you'll get half the average expected number of payouts vs always finding a 100% block.

Blocks are expected on average, to be longer than 200% Diff, 13.5% of the time - i.e. a bit more than 1 in 7 blocks is expected to be over 200% Diff

but even for 300%:

Blocks are expected on average, to be longer than 300% Diff, 5% of the time - i.e. a bit more than 1 in 20 blocks is expected to be over 300% Diff

... and those figures are the same on every pool (or worse if the pool has on going ignored problems ... like Eligius)

... AND we just got a block (just as I was about to click on post)

Just in case you aren't joking, I believe block wotholding attacks are only profitable against PPS pools.

Block withholding attacks are possible against any pool, but if the motivation is profit I'm not sure a PPLNS target makes sense.

Alright I will let you off of my holy shit that guys is weird list.... only because I saw that commercial..   hehe

I don't know if I have the stamina to stick with this.. 4 and a half days now.. is there like a hidden conspiracy against kano's pool

Yes if we find a greater than 500% block, shares/shifts do indeed fall off the end and hit the 0 reward arena.

The Diff% is of course the sum of all shares submitted by everyone.

That's rare, but we have had two blocks over 500%
https://bitcointalksearch.org/topic/m.11440377

https://youtu.be/X7c_ceCOQZg

Pics or GTFO haha.

@kano the N in PPLNS is 5X difficulty right? So if we go beyond 500% does that mean shares begin to be dropped off the payment queue? Or is it a per-miner thing? Or are those statements one in the same?

Good ppl here, but in full disclosure, not for the faint of heart. Just sayin'.

I am too new to the pool to properly say.. but if I was buying that much hashing power I think I would take that money and buy a fixed order for 16 or 17 TH/s and have that ride for a full 30 days.. I would think you would get more reward from stretching it out over a longer period of time than a flash in the pan to bust a block.  you have to stick it out for the whole 30 days as opposed to a few hours at a high hash rate..

in my understanding of things... the 30 days scenario will earn you something even if the pool has really bad luck.

but the couple hours thing will more than likely not earn as much unless there is fantastic luck.

Like I say though that is my interpretation of how this works and a more seasoned miner operator would be a better judge than I could possibly be.

Well ... the blocks page does clearly show the pool luck over the last 5, 10, 25, 50 and forever (251) blocks.
So I'm not quite sure how anyone could get that wrong

The 10 block luck is 173%, so it's gonna take a pretty evil bad luck block to push that down very much.
It would take a 505% block to push the average luck for 10 blocks, down to 100%
But that's not impossible, since it's a 6.7 in 1000 blocks chance of this block being above 500%

Of course if anyone started at the start of this block, they do indeed start off at a bit of a disadvantage.
But of course it's impossible to predict that in advance.
It's (fortunately or unfortunately) just luck when you start mining.

---

Each 1diff share is worth ~1/5 PPS and gets rewarded with an expected average of ~5 times ... to give it the expected average of ~1PPS
(less a bit - 98.7% - as stated on the previous page)
5 times, but sometimes more, and sometimes less.

Interesting posts here I see Guys I would like to ask one question because I'm going to rent some hash power for few hours (maybe 500 TH) and connect to Kano pool. I just want to achieve more shares for bigger reward when block will be found. What do You think about that, is it even worth?

Parade around in Red Panties.. . WTH where is your mind..... This makes me wonder, "What kind of (to use your words) degenerate's have I decided to befriend here ?" 

LOL

I see why his screen name is 'innerchaos'. lol  Not to bum him out tooo badly, but, I hope this isn't another two hundred and somethin' block. NOT lol.

It's been suggested that all noobs to the pool should wear RED PANTIES for their first week. A small sacrifice, at this point it may take a truly unique thong or sling. Lets just hope it doesn't degenerate to the point of requiring anybody to parade around the front yard on a Sunday morning till the neighbors see them  

I am still in it.. now its 4D1H11M but my feeble brain tells me I am upside down..

I know the PPLNS system is not this simple but I am looking at it from a you can only divide a pie so many times perspective.

Block reward is 25 and lets use 1250TH as our pools hashrate for example.. so if you divide the 25 by the 1250 you get .02.
so I see that every TH of hash power is worth .02 btc. 
if you use any mining calculator online it will tell you that for example 5TH of mining will earn you about .05 btc per day.

so after 4 days you are definitely upside down unless you hit for 2 or three blocks soon.

I looked backwards on the shift history I see in the last 20 days there have been 10 blocks found.

so assuming you were on the same pool at the same hash power you would have earned 1 btc after 20 days. if your pools hashrate was exactly 1250TH

and according to most mining calculators online you would have earned 1 btc in those same 20 days if you hashed at 5TH.

My example is overly simplifying the calculation reward but according to the numbers we are in a very bad luck scenario.

because I am guessing our average hash-rate is more than 1250 and if a block was found today it would not be worth .02btc per TH because the pie had to be sliced into more and more pieces.

in my ramblings I realize that we need to collectively do a rain-dance to the mining gods and maybe even offer up a new member as sacrifice to appease the gods and show us favor.  and then I think fuck that I am the new member.

@innerchaos

The short of it is....we may go 3 or more days without a payout.....then, .. BANG & bang and BANG. And you've done better than ..ping..ping..ping...ping.

Make sense? Tough to hang when ya feel like you're being hung. lol  Oh...and your first couple of payouts MAY not look the way you think they should...wait for it! It's a cumulative thing + the OPs are 110% here. Just ask.


edit; BTW....YES, we need to bust this block! I hate waiting this long. It can be disheartening, until we hit.

edit 2; and I'm a small miner. (91 freakin' hours...comon, enough already.)

PPLNS is (over the short term) purely luck based.
While the expectation of payout on the pools is (long term) 98.7%, short term is really just luck based.

Just in case you wanted to know where the 98.7% comes from
I pay 99.1% of the (block reward + txns) to the miners so that's ~99.5% PPS (coz I include txns)
So far the pool has had 0.8% orphans - so take off another 0.8% to get 98.7%

Our hash rate being low (currently actually 1.3PHs) means that expected average payouts are almost once every 2 days.
Luck of course means that will be more or less often.
A 200% block will be twice as slow as the expected.
A 50% block will be twice as fast as expected.

when the pool finds its next block, or two on the same day like last time, you will see..

I have been only using PPS pools or nicehash for instant gratification.. I got tired of hopping around looking for the best bang... and I was recommended to come here.

I read and mostly understand PPLNS but since I have never participated I have not had that Ahhh moment.. yet

I started with your pool an hour after the last block was found and have stuck with it so far (3d12H33M and counting) and no blocks... so can someone please tell me its worth it.. 
I honestly feel like I am losing coin here... i was able to do quite well hopping around.. averaging about .074 btc per day...
the way it was explained and from what I read.. the PPLNS has larger payouts but less often...as long as I stay on the same pool.
too be honest with you I am kinda freaked out not getting anything is weird since I am used to daily or even every 6 hours payout.

can someone pat me on the back and say.. There, There, its all gonna be ok ?

For anyone new who has switched over to here recently
I did a ckdb restart about 20 minutes ago (and completed about 10 minutes ago)
That shows up as the web site not showing miner stats for about 10 minutes but has no effect on the miners at all.
(and no affect on the stats either, once it completes the stats values are what they would have been without a restart)