Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 419. (Read 5352527 times)

k lets give this padrinogtr  thing another try . let start by taking all the luck and unnecessary stuff out of the equation.  so lets start by saying there are 5 pools in the world mining the blockchain. it spits out 1 block per day.
day 1 pool 1 gets block day 2 pool 2 on down the line till pool 5 we will call that our pool . most (the other 4 pool) using the similar pay system payout WHEN they get a block with the blocks reward they do this buy looking at how much each member worked during the day and turning that into a % that compares with the rest of the workers in the pool. they are payed a % of the block = to their %. in the kano pool its the same accept we look back 5 days instead of 1 to find each workers % again u get the % according to your %. after 5 days u will get the same block payout as all the other pools (accept they have higher fees generally which makes the block smaller). the difference is it takes a whole 5 days instead of 1 to get your full % the up side if u quit or are down for 5 days u are still getting though a diminishing return as the days go by.
  so bottom line kano pool pays bests over the long term due to lower fees. this system is good because if u have break downs or gaps they wont be noticed as much but the real purpose is to stop those who pool hop (try to only work for the pool that is paying on a specific day)  there goal being to get payed everyday instead of once per five days. now there is no point in pool hoppers showing up here because they wont be able to take there money and run to the next pool cause we dont pay them jst for punching in on payday.
  howd i do padrinogtr i dont think i qualify for the contest anyway but id like to know if i helped though i haven't seen yer name here in awhile:D.

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- 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.
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Lol if my wife runs off with anything it won’t be my miners. In fact those would probably the only thing left. I found out our internet is out. There is a line down and the service provider is trying to get it back up. Guess I have to wait.

you should look into "ausome miner" properly configured u can manage your miners from anywhere. wont help if yer house burned down or the wife ran off with your miners.

Thanks for bumping up your max hash rate to include me...  I have not clue how well I will do since I have only been mining since August 2017 so I guess we will see..  Since we are going for easier to explain, I think it is best to switch to something tangible.  Since I like cookies, this analogy will be 1 cookie = 1 share.  The 5nd is 5 times the difficulty.  Lets keep it simple and say that the difficulty is 20, so 5nd is 100.  There is one cookie jar that can hold exactly 100 cookies which everyone is sharing.  This is a special cookie jar where the bottom kicks out and throws away old cookies when another goes in (so the cookies are always fresh).   For this example, lets say there are 3 miners working on filling the cookie jar.  Each miner is making their own cookie type at different rates.  The long term miner (miner 1) can make 1 peanut butter per minute.  Our miner (miner 2) can make 3 chocolate chip cookies per minute and the third miner (miner 3) can make 6 ginger snaps per minute.  Obviously if I ate all these cookies, I would not like cookies any longer, but you get the idea...
 
To keep it a little simpler, we will assume the block reward is 100 BTC, that cookie jar is initially filled only with peanut butter cookies (100 of them) and that full cookies are submitted once per minute – even though an S9 miner can do 13.5 Trillion hashes per second and the difficulty is also in the trillions, so in reality, our cookies are broken up into billions of pieces per second - but who wants to eat crumbs.  

So when we start mining, the cookie jar is full of other miner’s cookies and none of ours (so sad – no BTC if a block is found).  After each minute, miner 1 adds 1 peanut butter cookie to the jar, we add 3 chocolate chip cookies and miner 3 adds 6 ginger snaps and 10 old peanut butter cookies drop out of the bottom to the trash (or maybe I ate them).  Lets assume we find a block after minute 5.  There have been 5 peanut butter cookies, 15 chocolate chips and 30 ginger snaps added (and 50 old peanut butter cookies removed) so there are a total of 100 – 50 + 5 = 55 peanut butter cookies which is 55% of the jar, 15 chocolate chips which is 15% and 30 ginger snaps which is 30% of the jar.  So 100 BTC  gets distributed based on the percentages (actually 99.1 BTC gets distributed since Kano gets .9%).

If another block gets hit 5 minutes later, there have been a total of 10 peanut butter cookies added (5 new ones), 30 chocolate chips and 60 ginger snaps added (and all 100 of the old peanut butter cookies have been removed) so there are a total of 100 – 100 + 10 = 10 peanut butter cookies which is 10% of the jar, 30 chocolate chips which is 30% and 60 ginger snaps which is 60% of the jar.  So the second 100 BTC gets distributed based on the percentages.

Assuming that these miners continue to contribute the exact same amount with no new miners, when a cookie is added, a cookie is removed so the percentages stay the same going forward.  When that happens, you are getting the most payout you can.  Obviously if your miner goes down for a few minutes, you wont submit cookies so your percentage goes down a little but not a lot.  Also as more miners submit cookies to the jar, your percentage of the jar goes down (and your old cookies fall out a little faster).  The other thing that messes with all this is that when the difficulty goes up every couple weeks, the cookie jar gets bigger – and the cookies that fell out from the smaller jar get added back into the bottom of the jar in the order they left (so the analogy is not as good then).

So in my view of PPLNS, it really has nothing to do with “ramping” at all.  It is more about how many cookies you have put in the jar compared to everyone else.  So if I were to win the 50TH for 5 days, there would simply be a more chocolate chip cookies added to the top of jar for those 5 days over and above my 13.5TH that I have been adding to the mix since August.

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…

Well something is going on at my house. All of my miners quit showing up at the pool at the same time. Im stuck here at work so I cant even check to see whats going on. Now im going to lose a day of mining.  . I must have either lost internet or power. This sucks.