to simplify "close only counts in horseshoes and hand grenades " 
Now, that's what I call "putting it into layman's terms!" 
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 404. (Read 5352627 times)
March 10, 2018, 08:03:09 AM
March 10, 2018, 07:49:03 AM
"The best part of wakin' up is a new block in your pool!"
Thanks BaristaStar!
Thanks BaristaStar!
March 10, 2018, 07:45:51 AM
ok that makes sense now but if i have 1 th/s and kano pool finds 5 blocks in a month what would my estimated payout be for the month?
minergain.com has weekly monthly and yearly CDT (Coins per Day per Th/s) based on historical. My last block for roughly 13.6 Th/s was .00351001 or roughly .000258 per Th/s. So far for March we have found 4 blocks with my payout being .01440930, so 5 blocks is roughly .018 (.00132353 BTC / Th). Obviously 5 blocks will give $75 or so towards profit/equipment costs (after power at .10/kwh), but since "luck is luck", there is the potential to find 25 blocks (or more) in a month as well. We are almost at last month's earnings in only 10 days, so good potential to be better than last month and potentially more than December where my take was .08921851 BTC. In August I pulled in .11538943 BTC with my single S9, yes, 5 blocks is ok, but 25 would be amazing - which the upside potential is why I switched from Slush BTW.Also if you are interested, minergain allows you to sign up for immediate, daily, weekly or monthly block details for any pool and will soon be reporting your miner stats on those pools if you have any.
March 10, 2018, 07:11:42 AM
Love waking up to a block! Thank you cryptostar
March 10, 2018, 06:44:53 AM
I BTClinked and almost missed it!
Crossing fingers for a lucky weekend block now!
MINE ON!
Crossing fingers for a lucky weekend block now!
MINE ON!
March 10, 2018, 05:56:27 AM
Good luck helping them mine empty blocks
The majority of people don't care about empty blocks, about bitcoin's network "health" and the future of the cryptocurrencies in general. All they need from mining are regular payouts. That's why they prefer Antpool and other Chinese crap. That's why every little miner is important here at your pool. Not only those who was lucky enough in this embodiment to deploy 5 or more Phs of hashing power... That's why I was talking about at least little additional reward for blockfinder even with 20-30 Th, as soon as you decided to attract more hashing power here.
I'm not a mulitipetahash miner. And I'm not saying this is a regular occurrence on kanos part, but maybe you should just trust in the man who runs this pool and who ahs contributed so much to this technology space. (See below on the last block i found here)
Block by Biffa! Way to go with your 11th Kano block!
This is our 1st of BLOCK FRIDAY!
Way to go with your 11th Kano block! This is our 1st of BLOCK FRIDAY!
* kano biffs Biffa 
(with some BTC)
March 10, 2018, 04:49:59 AM
BTCamm!!! Nice way to start my workday!!!
March 10, 2018, 04:28:58 AM
cryptostar
March 10, 2018, 04:27:25 AM
Block!
by cryptostar
by cryptostar
March 10, 2018, 01:30:29 AM
Kano- do you think you'd make the stratum changes on this pool to support the new overt ASICBOOST?
Not before getting access to one.I'm not stupid enough to assume any code is just going to work when created by a certain person who loses blocks on his pools and calls that 'misfortune'
Testing properly is a way to avoid that
But hackers usually have no idea about such things.
Experience tells you otherwise.
So if they don't actually exist ... then no they wont be supported
I ordered one - so if I get it, I'd be open to sending it to you to test / integrate (and trust you'd send it back
)LOL core dumped, crashed before it even connected to anything ...
... how unexpected ... NOT
No problem of course, switched back to my earlier version ... runs ok.
Looks like that AsicBoost testing will also be fixing already known bad code.
I'll mention about the new node for anyone close to it, after I've let it run for a while and see how it performs in that remote part of the planet ...
Thanks for this Kano B-) moved over about 122Th to the South Africa node to "test" will move the rest of in the next few days.
MINE ON!!!
March 10, 2018, 12:23:49 AM
...snip...
ok that makes sense now but if i have 1 th/s and kano pool finds 5 blocks in a month what would my estimated payout be for the month?
Use Kano's calculator to do your what if calculations
http://tradebtc.net/bitcalc.php
March 09, 2018, 11:56:32 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
You will get your full pay based your your shares but it will be spread out and not all at once. You don't lose anything.
My take on a post from Kano a long while back:
The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.
How do the PPLNS payouts work?
The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block. On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid. That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.
This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.
The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.
The pool hash rate for the last day is roughly 54.94PHs which means the 5Nd 'ramp' is roughly 14days 21hrs right now.
i dont know what happened but this explanation hit me in the right spot and i can see clearly now how it works
. dont ask me to explain it myself but i got it now. only six month later lol glad u got it this is what i thought at first b4 everyone started explaining it to you so i adapted now im confused again lol. and i thought the ramp up increased with the recent difficulty increase i guess im lost with that too. all and all whatever shows up shows up
. it is good to know i only got 5 and a half months left to go b4 i understand though March 09, 2018, 11:42:38 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
You will get your full pay based your your shares but it will be spread out and not all at once. You don't lose anything.
My take on a post from Kano a long while back:
The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.
How do the PPLNS payouts work?
The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block. On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid. That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.
This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.
The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.
The pool hash rate for the last day is roughly 54.94PHs which means the 5Nd 'ramp' is roughly 14days 21hrs right now.
i dont know what happened but this explanation hit me in the right spot and i can see clearly now how it works
. dont ask me to explain it myself but i got it now. only six month later March 09, 2018, 11:15:13 PM
It has been fun mining with you guys. I'll unfortunately probably be pointing my few TH back at Slush sometime in the next few days (until next winter or Kano finishes the accounting code).
Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.
Good luck to all.
Good luck helping them mine empty blocks Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.
Good luck to all.
slush's last empty block was a week ago:
https://btc.com/0000000000000000000d637d922588b7d30c85fd35d87b42ef86a8ce9609764e
Give me a rational reason to stick around once my average hashrate drops below half a Terrahash and I’ll stay - like I said I’ll be back at some point.
I prefer to mine on whichever pool I feel contributes the most to the network - but do like to get paid occasionally. Even at my highest hashrate when all my miners were running, I have wondered at times if I was leaching more from this pool than I was contributing - given the transaction fee cost of sending a few dollars worth of bitcoin after every block.cant say as i understand why u shutting em all down to begin with ? solar power is infinite once u have it installed and as i understand it deterioration of solar panels is a function of time more then use.if they generate to much heat make yer self cooler boxes to muffle sound and do a great job of controlling heat (one of these https://www.youtube.com/watch?v=HhNS2ElN5Mk)
Solar power is being used for other things - like running irrigation pumps. I only mine when there is a surplus...as we are not set up to feed it back into the grid.
March 09, 2018, 11:14:32 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
You will get your full pay based your your shares but it will be spread out and not all at once. You don't lose anything.
My take on a post from Kano a long while back:
The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.
How do the PPLNS payouts work?
The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block. On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid. That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.
This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.
The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.
The pool hash rate for the last day is roughly 54.94PHs which means the 5Nd 'ramp' is roughly 14days 21hrs right now.
March 09, 2018, 11:07:15 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
You will get your full pay based your your shares but it will be spread out and not all at once. You don't lose anything.
My take on a post from Kano a long while back:
The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.
How do the PPLNS payouts work?
The 5Nd "ramp" means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block.
On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block.
On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. It goes on and on like that until all of the value of the shares you summitted are paid in full.
That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.
This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.
The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.
EDIT 3/10/2018:
Go here and look down the page for the section "PPLNS acts like the reward 'ramps up' when you first start mining" to see the current ramp time span.
https://www.kano.is/index.php?k=payout
March 09, 2018, 10:11:01 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
closer to 3 weeks now. and by ramp up it simply means there is a much larger time frame looked at when calculating your fair share of the block basically looks at last 3 weeks and calculates your % input compared to everyone else and thats how much of the block u get. this help keep people from pool jumping and smooths things out if u have internet down for a day or issues it will go largely unnoticed in your pay (within reason). pay per TH depends on the block size and the total hash of everyone in the pool at the time as i understand it (again if your fully invested over the last 19 days i think is the exact number someone better at math might be able to pull that out fer u.)
March 09, 2018, 10:05:10 PM
It has been fun mining with you guys. I'll unfortunately probably be pointing my few TH back at Slush sometime in the next few days (until next winter or Kano finishes the accounting code).
Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.
Good luck to all.
Good luck helping them mine empty blocks Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.
Good luck to all.
slush's last empty block was a week ago:
https://btc.com/0000000000000000000d637d922588b7d30c85fd35d87b42ef86a8ce9609764e
Give me a rational reason to stick around once my average hashrate drops below half a Terrahash and I’ll stay - like I said I’ll be back at some point.
I prefer to mine on whichever pool I feel contributes the most to the network - but do like to get paid occasionally. Even at my highest hashrate when all my miners were running, I have wondered at times if I was leaching more from this pool than I was contributing - given the transaction fee cost of sending a few dollars worth of bitcoin after every block.cant say as i understand why u shutting em all down to begin with ? solar power is infinite once u have it installed and as i understand it deterioration of solar panels is a function of time more then use.if they generate to much heat make yer self cooler boxes to muffle sound and do a great job of controlling heat (one of these https://www.youtube.com/watch?v=HhNS2ElN5Mk)
March 09, 2018, 10:04:31 PM
I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
March 09, 2018, 09:57:07 PM
Kano-
On one of my pools or miners i used to track highest difficulty share mined per second or something and chart it on a graph.
I know itd be pointless, but maybe a fun way to "pass the time" to show a graph like that. Plus then we could all get angry about how close we get to solving a block.
Just an idea I had anyway.
If the data was available thru an api I could throw something together.
I don't track or store the 'current' 'best share' on purpose On one of my pools or miners i used to track highest difficulty share mined per second or something and chart it on a graph.
I know itd be pointless, but maybe a fun way to "pass the time" to show a graph like that. Plus then we could all get angry about how close we get to solving a block.
Just an idea I had anyway.
If the data was available thru an api I could throw something together.
If you submit 1000 valid shares, and your work difficulty is X, every one of those shares is worth X, no matter how high the difficulty is.
As long as they are X or more, they are worth X.
This is how all reasonable and fair payout systems work.
Any other valuation of shares adds yet more variance to your rewards and allows people to take advantage of that.
Many people look at the "best share" value and assume it means something, when in fact it means nothing at all ... unless it's a block.
You miner knows it's "best share" if you are curious to see what it is.
However, I do store every share above a limit for my regular statistical analysis, but no I wont be showing graphs of that.
to simplify "close only counts in horseshoes and hand grenades "
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