Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 428. (Read 5352527 times)

Canaan must be swapping out all the 741,s for 821,s  

I see Canaan is steadily rising in hash rate. Going for that 3BTC. GO Canaan! Get it.

Yeah I mean technically I suppose there is no upper limit to how much work a miner or a pool can do before finding a block, while there is technically a lower limit. Not sure what the luck number would be for a block solved on the first share of work done. Would love to find out though.

But the sample size of the data set of shares is so big that you're unlikely to get into a situation of impossibly high luck over a long term. And if you do, there's probably something else at play, like technical issues or bad actors somewhere.

Following - any groups you think might be worth promoting the pool on?

Happy to take a couple off your hands About to make a small batch buy.

Quick question - going to mine on under-clocked S5 (about 900 GH/S) to build up a few shares while I wait for an S9 to come on-line. Will the 900 GH/S get me above the dust threshold?

Thanks

The Twitter page, has only been active for a few days. There is a few people here, that have taken it upon themselves, to help
promote Kano's Pool. Anyone who would like to contribute towards marketing Kano's Pool, is more than welcome, to give us
a hand.

that twitter account is less than a week old that's the reason. and so is the Facebook page and group.

o yes the math always works out as logically expected that's the beauty of math but my statement speaks to the emotion of why people worry more about the negative it is because it CAN be so much worse then the positive can be good 

not to mention the 3TH i was gonna add
o well
MINE ON!!!!

love the line "so in that case, let's increase the qualifications to 1TH/s - 15 TH/s and see if that attracts a few more. "
i second the motion! 

BTCBTCBTC MINE ON @ KANOPOOL

Hi, 1st time poster, long time lurker for kano (2 months  ).  Just saw the kanobtc twitter page and saw only a few members there.  Love the community here in bitcointalk but just wondering why only 16 active in twitter...

I hope we can all be active there and share tweets from the pool, especially the 10 BTC promo to spread the word so we can increase the pool's hash rate..

CDF[Erl] is the Erlang distribution of the CDF
The value I show allows you to get the probability of getting a result worse than the data shown.

CDF means Cumulative Distribution Function
What it comes from is the integral under the curve of the probability results of a Poission Distributed random event.

In simple terms, a graph of the chances of finding a block looks like a bell shaped curve.
So you have a curve that shows that the chance of finding a block with zero hashes is zero, the chance of finding a block with infinite hashes is zero, and the chances of whatever in-between vary from close to zero, up to some limit then back down - it's a bell shaped curve.
Here's the Wikipedia page about that: https://en.wikipedia.org/wiki/Cumulative_distribution_function

So anyway, if say you wanted to know how often would you get a worse block than Diff 200%, the CDF can tell you that.
It adds up the area under the bell shaped curve up to 200%
The CDF for 200% is 0.86466471676339 i.e. 86.47% of the time, you expect blocks to be below 200%.
So how about worse than 200%? That's 1/(1-CDF) = 7.389 so that means, on average over a large number of events (blocks) you'd expect about 1 in 7.4 blocks to be over 200%

Now that's all good and fine except, well, that's just looking at a single block.
As I mentioned, a single sample will tell you next to nothing about a large set of events.

In comes the Erlang distribution - https://en.wikipedia.org/wiki/Erlang_distribution
This lets you determine something similar to the CDF but for a number of events.
So as the pool stats page currently says:
We see that the average Diff of those 25 blocks was 118.13%
So what's the chances that you'd get worse than that?
CDF[Erl] for 118.13% for 25 events is 0.8219
Using the earlier calculation 1/(1-CDF[Erl]) = 5.615 so that means, on average over a large number of events (blocks) you'd expect about 1 in 5.6 sets of 25 blocks to average worse (higher) than 118.13%

It is on the table. You have to get him to understand in a way that he could explain it to another newbie and give an example. If you can and he can, the hash is YOURS! 50 TH/s for 5 days. Also, padrinogtr offered another 3 TH/s to add to make a total of 53 TH/s. Pretty cool I thought.

Thank You!

May I ask what CDF[ERL] means and how it is calculated and exactly what do you mean by "the probability of getting worse than that result?"

Compared to what result? luck? % difficulty? CDF itself?

Sorry if it is obvious to everyone else, (newbie) but what does the %luck really mean anything as far as the average miner looking at stats if CDF[ERL} is the real key?

I feel your pain... I couldn't even give my 3.5THs away. LOL Oh, well. More for me, I suppose.

Anyway, about your promo, I've been totally unavailable today, but I'll take a crack at it tomorrow since I've been wanting to document my findings as my knowledge has grown over the past half-dozen blocks that I've been a part of.

Well, folks... This is the most unanticipated announcement: The lucky winner is... No one...

Yeah, exactly. I was surprised too. No one took me up on my offer, so I'm hereby recinding my invitation.

Trust me, I was more than willing to do what I said, but, apparently, this is the way it was meant to be, so...

Mine on!!!

I'm surprised these smaller guys aren't going for that 50 TH/s reward.

The block must have distracted everyone. I'm not sure how man smaller miners pay attention to the forum and read it though........so in that case, let's increase the qualifications to 1TH/s - 15 TH/s and see if that attracts a few more.

Someone has to have an easy analogy they can share that helps them understand.

B-B-B-B-B-BLOCK MAN, BLOCK MAN, BLOCK MAAAAAN!!

Might as well lower that fee to .00000022 and save yourself the pennies!

They get confirmed quickly these days...