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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 418. (Read 5352527 times)

sr. member
Activity: 419
Merit: 250
...
- All else being equal, on a long enough time scale, the ONLY thing that makes one pool pay more than others is a lower pool fee.
...
Yes, but the "All else being equal" also includes pool hash rate to some extent.
If the pool gets too small - as I've been trying to avoid over the last couple of months and will hopefully have some more hash rate here soon again - the diff changes also can affect your reward dramatically.

This is why I mention on occasion "as long as we are expected to find a number of blocks each diff change"
The issue is that if you're mining for multiple diff changes per block, then your reward loses around half the diff change from start to finish.

A simple example is that since 13-Jan difficulty has increased by 55.73% (yeah that's a scary number)
So if you were mining from say 10-Jan to now and then found a block, you'd actually lose over 25% of your expected reward!
All your shares from then to now have different PPS values, but your reward is based on 'now', the much worse PPS value.

This also affects us here to a lesser extent due to the fact we don't expect to find many blocks per diff change.
Thus why I'm trying to get that hash rate back up again.

Small pools like to pretend this doesn't happen Smiley

So basically this is a bad side effect of the N in PPLNS stretching over difficulty changes?
sr. member
Activity: 419
Merit: 250
If yer looking to win the contest he has said he learns best with a visual representation.

I don't really care much about the contest. But I did make some rudimentary drawings a page or two back.

I just cant imagine making it any easier than what I have previously written/drawn. Mining isn't a hobby for children. Nor for idiots trying to get rich quick without taking more than 10 seconds to understand what they're doing.

...anyway

Come on green blocks!
newbie
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full member
Activity: 350
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#takeminingback
I'll drink to that!!! Shazam!!!

Edit: Tennessee Whiskey ofcourse, ole number 7!!!
member
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1xA921 + 1xA741 + Backup-->1xA6 ;)
AAAAAAaaaaaawwwwwww, yyyyyyyyeeeeeeeeaaaaaaaaaahhhhhhh!!!!!!

newbie
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full member
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Merit: 118
There's another reward for the last 5ND shares!
sr. member
Activity: 393
Merit: 250
911 IT Admin. I keep 911 up so you get help ASAP!
member
Activity: 238
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Welcome to the weekend BTClock party!

DanceMINE on!
newbie
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newbie
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So, all it took was recovering from a tide-pod and we had a block. Woohoo. BLOCK!
burp.

May we have another please?

and...
wouldn't you know that within 1 hour of going to the airport for a week long work trip, my s7 would go offline.


member
Activity: 210
Merit: 15
Kano runs a good pool. Would it be better if we had 200PH, sure, but we don't, we have about ~50PH. I was here when we had 25PH. With that said, Global Hash Rate has gone up considerably, with that difficulty has gone up as well. More fish trying to feed in the same pond = less food for each fish. As long as we find between 4 and 10 blocks a month, mining here makes sense. I am not mining for instant profit, I am mining to accumulate Bitcoin, period. There are only 21 million ever to be created. It is estimated that 4 to 5 million have been lost forever. So that leaves 16 to 17 million Bitcoin across 7.2 billion people. Do the math. The fundamentals are that, over time, Bitcoin will rise in price ex-potentially. Bottom line is this, KANO Pool is the Best Bitcoin Mining Pool on Earth, if you can't stand the heat, get out da kitchen, but if you can...... MINE ON WITH KANO-SAN!!BTC  
member
Activity: 254
Merit: 11
Call 811 before you dig
question for kano. since this 5n thing seems to confuse alot do u think it contributes to people leaving if so do u think it might be better to pull out the 5 part ?

I tend to think simply (I am simple minded), so I look at it as averaging counting back however far 5Nd is. The effect I see is that the valleys of long time-span blocks is offset when luck is better.

When you join the pool during a valley (like I did), it takes some time for luck to make that 5Nd window show results, as you don't have any short -timespan blocks to improve that average.
full member
Activity: 658
Merit: 118
As I've stated before, changing the 5Nd to 1Nd means everyone mining here loses out.

Someone starts mining, their first 5Nd of rewards are higher since after 1Nd they are already fully ramped ... so that extra BTC for the first 5Nd has to come from somewhere ... the pool would have to take it from everyone currently mining.

Edit: had to fix that Tongue I got it wrong Smiley

It'd also mean that runs of bad luck hurt more, because if it runs over 100%, you get paid for fewer shares!
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
question for kano. since this 5n thing seems to confuse alot do u think it contributes to people leaving if so do u think it might be better to pull out the 5 part ?
As I've stated before, changing the 5Nd to 1Nd means everyone mining here loses out.

Someone starts mining, their first 5Nd of rewards are higher since after 1Nd they are already fully ramped ... so that extra BTC for the first 5Nd has to come from somewhere ... the pool would have to take it from everyone currently mining.

Edit: had to fix that Tongue I got it wrong Smiley
member
Activity: 658
Merit: 21
4 s9's 2 821's
question for kano. since this 5n thing seems to confuse alot do u think it contributes to people leaving if so do u think it might be better to pull out the 5 part ?

won't happen. 
full member
Activity: 350
Merit: 158
#takeminingback

If the pool gets too small - as I've been trying to avoid over the last couple of months and will hopefully have some more hash rate here soon again........


Thus why I'm trying to get that hash rate back up again.


yes never thought of this issue but yea its depressing lol Cheesy we need an advertiseing manager Cheesy


 padrinogtr  and I are working on it fellas! Again, if anyone else would like to help out, or has any suggestions, please share your thoughts.
newbie
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question for kano. since this 5n thing seems to confuse alot do u think it contributes to people leaving if so do u think it might be better to pull out the 5 part ?
member
Activity: 133
Merit: 11

Hi, taking your case as an example of the formula i just mention few posts below your post.
Assuming you have fully ramped up and you have 37THs ave.


Formula =

(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R
------

(N/PN)=S
37,000 / 46,880,000 = 0.00078925 Share/Contribution from the total pool power

Block reward (R) = 12.40460222
R*S = Your BTC received

12.40460222 * 0.00078925 = 0.00979032 BTC on this block IF you were already fully ramped up.
Assuming we find 10 blocks of thesame size you'll get 0.096892 BTC in 30 days which should be way
more better than 0.003094 a day * 30 = 0.09282 BTC


Hope this helps.  As many long time miners here say, be patient and it will pay off!


Thx for the explanation. I switched from slush pool few days ago and didnt quite go in to details with formula for payout. But now its clear.
I am hitting 50Th/s now so lets wait and see.
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