So I have ~ 200th now, and 600th next month to throw at a pool. This one came highly recommended along with slush and nicehash (selling power not the pool) what are peoples thoughts on this pool vs those other 2. Also, can somebody explain the ramping up and payout method? I've read it a few times, and then googled, and I'm still confused.
Nicehash
- least profitable, paid per share at possibly the lowest possible rate
- high fees (can't remember off the top of my head)
- insecure (they're going to take a year to pay back everyone due to being "hacked")
Slush
- Hybrid scoring calculation, resulting in a lot of shares never really being rewarded
- Exponentially quick decay on scoring curve, once your miner goes offline your shares are not rewarded
- 2% fees (more than double Kano)
- soon to be ASICboost compatible (experimental, untested code)
Kano
- Stable mining pool
- low 0.9% fees
- Currently "small" so variance can be higher
Having said that, Kano has grown 30% in the past month as people see the benefits of a low fee + stability
Kano PPLNS Payout method:
Rewards all shares submitted over a calculated 5Nd (5 times the current network difficulty of bitcoin)
This currently works out to roughly shares submitted over the past ~14 days to the kano pool
"Ramp up" is a way of saying, your full "hash rate" will only be apparently rewarded once you mine for 14 days continuously, rewards appear delayed.
At constant rate and difficulty with 100% luck, each share will be rewarded 5 times - no reward is lost.
Even if your miner goes offline, your shares provided are still likely to be rewarded 5 times, so no loss of rewards.