Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2222. (Read 5351999 times)

 

And confirmed

Yes the first is always the sweetest

That last block was nothing like the 1st block we mined here.  It was 23 days,(very low pool hash rate) but I was paid very well.
   Thanks Kano.

Blockchain.info 24hr pool chart looks really bad right now. Even KNC Miner is having bad luck. The Unknowns ruled the roost yesterday!

You need 'balls of steel' sometimes to keep with a pool on the long blocks (Apologies to any female miners).

In a very short time frame, this pool is hashing at a rate with the likes of BitMinter (also currently going through a high CDF block - as I write at 93.28%).

Good luck/variance to all ... there will be good times ... and long times.

Well, anyone looking at the CDF, that 0.98 means that all pools should average one block like that or longer in every ~50 blocks.
That being the pool's 25th successful block, means it's not at all unexpected.

But at least the average since the pool started is still looking pretty good
69.52% of diff average per block.
i.e. we've found ~1.44 times the number of expected blocks so far.

A long block like that indeed affected those two numbers as I said in that post on the previous page, but that luck streak before has kept the average better than expected.
Of course if you start mining at any time, the expected long term average is 100%, but the shorter term average will of course vary a lot more.

That all being said, the one thing that makes that guaranteed variance easier to bear with PPLNS, is the higher pool hash rate.
We are slowly climbing up there, but of course the more hash rate the better
1700TH means at the moment an expected average block time of ~1day 4.25hrs so it's getting better

Yeah about time, and we're up to 1.7PH now.

better yet 6 confirms

now to all those happy ones.  I will mention a pool a while back had  .99 and .99 cdf back to back. 

So our .98 while brutal  could be followed by a few .91's in a row.  Or we can rip 3   0.11's

Anyone that has trouble grasping this  get a pair of dice.  Toss them over and over for 360 tosses.   mark only snake eyes.   you will find interesting patterns .  you should get 10 sets of snake eyes in 360 tosses.   1 set around every 36 tosses.  you will find you may vary far from that.

  this round of shit luck would be like tossing 150 times before snake eyes turns up

Woooooooooooooohaaaaaaaaaaaaaaaaaaaaaaaaaaaa.


     

Thank the gods that's over.

Well done everyone for sticking it out.

 

Sorry, there's some unusual (likely malicious) share submissions going on that are triggering a bug and we're currently working on a fix. There will be another restart shortly.

EDIT: All done, sorry about the inconvenience.

Its on its third or fourth restart, I was trying to benchmark CK's new 4.8.0 build and it's all fubard now.

Was there some sort of blip?  I see my miner failed over to the godsquad pool for a few minutes, and came back to CKPool, but is showing 0GH.  As are a load of other people.

Shhhh.... I saw that.

Thanks for the clarifications not anyone can take the time to explain. Specially for not
native english users some terms are difficult to understand...like when you see a block solved there is also
a map showing it in a mappoint what does this mean???
I will learn this sometime I guess...

Pool luck sucks these last few 6 days...
Lost the fast bus........but since others with 450 Ths can wait me with my 1ths will do also.!!!

You clearly missed the technical details of what I said
(which you should know as a pool operator ...)

Comparing PPS vs PPLNS over a short time frame is pointless.

PPLNS payout over a short time frame is dependent upon the pool's luck and the payout %
PPS payout over a short time frame is simply just the PPS amount being paid, which is of course higher on your pool at the moment than the expected payout here.
I have even stated this in your thread (while arguing with that idiot in your thread that you condone his lies. I don't care if people are posting for or against my pool, if they post bullshit in here, I'll either delete their post or reply correcting it)
If we are lucky here, then the payout will be higher, if not, then the payout wont be higher.
Over a short time frame that is indeed purely based on luck.
It is amusing that you wait until the pool has it's worst luck to make this post.
What is even more amusing is that the pool's current luck makes no difference, since luck is a measure of the past, not the future.

Over a long time frame, the expected payout here is 99.1%
Over a long time frame, the expected payout on your pool is ?%, since you are currently running it at a loss, the question is only how long you can/will keep that up.
There are a few factors in your loss that you may or may not have made clear:
1) You list 26 servers as the pool - that's a lot of hardware to pay for.
2) You mine a large % of your pool - here's where you may not realise something about myself and ckolivas
We've dealt with a number of farms of varying sizes, including well above the size of yours
It's a very slim margin running a farm, if you manage to get the hardware at better than advertised cost.
Most farms who invest in a lot of hardware now will not make a profit.
Paying out 110% to 1PHs of users means losing ~1.25BTC per day in payouts, at current difficulty.
Multiply or divide that by the hash rate of the users you are paying 110%
3) It's a fact that running a PPS pool will require a higher fee than a PPLNS pool, to remain profitable and reduce the risk due to block finding luck - that same luck my pool has going up and down, so does every other pool including yours. The effect of that luck should be obvious to you.
4) The risks to you, not the miners, for a pool using PPS, mean no pool should run PPS unless they charge a high fee. Block withholding on any pool is a problem, but on a PPS pool it means the pool itself loses ~25BTC every time it happens, that the pool is already paying out to it's miners, and will need to source that ~25BTC from 'somewhere' else.
At the moment, on the pool here, we know the majority of the hash rate so we can expect that the majority of the hash rate wont do that.

Ok... I will provide the hardware and give you remote access.... we can play with 10th or so.... we can track accuracy of share accounting and actual payment amounts. I'm at the airport waiting to catch a flight to visit coinbase so it'll be a day or two before I can set it up....

Yep, it's still above 100% PPS, due to luck, since the pool started.

Anyone who joined since block 330642 started, has of course not had that luck.

The number at the bottom of the blocks page shows the average % of a block for all blocks found, so 55.09% up to when block 330642 was found, means the pool has found 1.8 times the number of expected blocks and we pay out 99.1% of every block (+ txn fees) the pool finds, to the miners.
https://www.kano.is/index.php?k=pblocks

Of course, when the next block is found, the 55.09% number will go up, and the 1.8 times number will go down.

The average expected payout per block on any PPLNS pool over a long period of time, is of course the payout % of a block the pool pays - which is 99.1% here.
But of course, since we include txn fees in the payout, that is a bit higher than the 99.1% expected.

Hey kano.... you still want to do a payout comparative test? Hehe

Since the N we use is the network difficulty when the block is found, the effect of a small outage should be minor.

To see that as an example:
When a block is found, we look at the last N (plus a bit) diff shares (currently ~40 billion)
That represents 100% of N - and if the pool was always 1400THs that's ~1.43 days (~1day 10hrs 20min - or ~34.34 hours)

So if over those 1.43 days before the block was found, you mined the same hash rate for all but 1 hour, you would be paid: 100 - (1/34.34)% or 97.1%

These numbers, of course, assume the pool hash rate didn't change and your hash rate didn't change for all but that 1 hour.
Of course the hash rate changes a lot - so they are an approximation.
But you can see that a small outage, even up to a total of an hour, has only a minor affect on your miner with the pool at ~1400 THs