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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 43. (Read 5352119 times)

member
Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
...moving those numbers to something that didn't happen, would not just linearly affect the result - it would of course also make this month look a lot better.
That side-effect is a good reason not to worry about trying to 'monthatize' the block reporting.

For example, let's just say we hashed 365% at the end of April with no block, but 15% into May we found a block. Falsely, somebody would interpret the beginning of May as really good luck, but nay, nay. It took us 380% to get that block, which isn't horrible, but it's not lucky.
sr. member
Activity: 508
Merit: 250
I don’t understand one thing.  Last block, last month was found on the 5th and that was the last block found that month, no blocks for 25 days after that.  It was a block number 3 that month with expected of 2.56 and luck 117.20%.  25 days later when the month was over nor the expected blocks has changed nor did the 117% luck.  How did that happen and nothing changed in the statistics after not finding a block for 25 days after that?

  Roll Eyes
The blocks page shows block found - the monthly table shows blocks found in that month.

Normally when the pool size is larger, the gaps between blocks are smaller - just so happened we had a longer time between two blocks and it spanned a month boundary.

The side effect is always that the first block of all months includes some hashing in the previous month, just this time it was most of the previous month.

Ok, so what was the actual luck for the previous month if say you found the block on the 30th and not the first?
A different value that didn't happen Tongue

The hash rate changes often on the pool (that's why it says 30-400PH) so moving those numbers to something that didn't happen, would not just linearly affect the result - it would of course also make this month look a lot better.

Ok I understand  Wink
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I don’t understand one thing.  Last block, last month was found on the 5th and that was the last block found that month, no blocks for 25 days after that.  It was a block number 3 that month with expected of 2.56 and luck 117.20%.  25 days later when the month was over nor the expected blocks has changed nor did the 117% luck.  How did that happen and nothing changed in the statistics after not finding a block for 25 days after that?

  Roll Eyes
The blocks page shows block found - the monthly table shows blocks found in that month.

Normally when the pool size is larger, the gaps between blocks are smaller - just so happened we had a longer time between two blocks and it spanned a month boundary.

The side effect is always that the first block of all months includes some hashing in the previous month, just this time it was most of the previous month.

Ok, so what was the actual luck for the previous month if say you found the block on the 30th and not the first?
A different value that didn't happen Tongue

The hash rate changes often on the pool (that's why it says 30-400PH) so moving those numbers to something that didn't happen, would not just linearly affect the result - it would of course also make this month look a lot better.
sr. member
Activity: 508
Merit: 250
I don’t understand one thing.  Last block, last month was found on the 5th and that was the last block found that month, no blocks for 25 days after that.  It was a block number 3 that month with expected of 2.56 and luck 117.20%.  25 days later when the month was over nor the expected blocks has changed nor did the 117% luck.  How did that happen and nothing changed in the statistics after not finding a block for 25 days after that?

  Roll Eyes
The blocks page shows block found - the monthly table shows blocks found in that month.

Normally when the pool size is larger, the gaps between blocks are smaller - just so happened we had a longer time between two blocks and it spanned a month boundary.

The side effect is always that the first block of all months includes some hashing in the previous month, just this time it was most of the previous month.

Ok, so what was the actual luck for the previous month if say you found the block on the 30th and not the first?
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I don’t understand one thing.  Last block, last month was found on the 5th and that was the last block found that month, no blocks for 25 days after that.  It was a block number 3 that month with expected of 2.56 and luck 117.20%.  25 days later when the month was over nor the expected blocks has changed nor did the 117% luck.  How did that happen and nothing changed in the statistics after not finding a block for 25 days after that?

  Roll Eyes
The blocks page shows block found - the monthly table shows blocks found in that month.

Normally when the pool size is larger, the gaps between blocks are smaller - just so happened we had a longer time between two blocks and it spanned a month boundary.

The side effect is always that the first block of all months includes some hashing in the previous month, just this time it was most of the previous month.
sr. member
Activity: 508
Merit: 250
I don’t understand one thing.  Last block, last month was found on the 5th and that was the last block found that month, no blocks for 25 days after that.  It was a block number 3 that month with expected of 2.56 and luck 117.20%.  25 days later when the month was over nor the expected blocks has changed nor did the 117% luck.  How did that happen and nothing changed in the statistics after not finding a block for 25 days after that?

  Roll Eyes
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490

I think of it like the gambler that keeps choosing a different number and color on the roulette wheel and thinking that they're better off than choosing the same number and color each time. All they're doing is introducing more variance! Lol

P.S. - I don't gamble, so if that was a bad analogy, well... Deal with it! Cool

for roulette, I bet $10 on 2 columns of numbers - about 60% chance of hitting, now when i do, I only make my money back plus $10 but by doing this repeatedly, I still tend to walk out heading home ahead rather than behind. It's when I try to change it up that I lose it all lol
member
Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
Actually, to be correct, you lose mining when luck is low and gain mining when luck is high.
But ... you can never predict when either will occur.
Hopping makes no difference to that.
(Hopping just increases your variance above the pool variance)
I think of it like the gambler that keeps choosing a different number and color on the roulette wheel and thinking that they're better off than choosing the same number and color each time. All they're doing is introducing more variance! Lol

P.S. - I don't gamble, so if that was a bad analogy, well... Deal with it! Cool
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Actually, to be correct, you lose mining when luck is low and gain mining when luck is high.
But ... you can never predict when either will occur.
Hopping makes no difference to that.
(Hopping just increases your variance above the pool variance)
legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
Block by 16vV8!

This is our 1st of BLOCK WEDNESDAY! Cheesy

It looks like large miners are using PPLNS scheme timing to get more (or get a bonus).
I don't know what their game here is.


They think they are "gaming it", but they are losing more than simply always staying on the pool due to ignorance, lack of management, or both.
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
woohoo a block! first one of May! I hope we get a few more before I shut the miners down, will be either no later than Friday.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Yeah I can't remember where maybe the discord Kano had mentioned if we got over 400 PH consistently the pool fees would drop. I think there is a good percentage of that 400 waiting for either the pool to grow close enough, or for another large player to show up before they come over.
Yep, I've mentioned it a few times over the past year - if we can get the 5Nd over 400PHs I'll drop the fees to 0.5%

Either way that combined with the fact that all block and miner rewards are shared with the pool should be enough to convince 1EH to mine here if they aren't mining solo. Low fees and total rewards being shared how can you go wrong Huh
...
Well the main problem with some 1EH miners is that they are locked into the pool with the higher fees they pay.
Others have no idea what they are doing and just mine wherever they were told to mine at the start.

A few seem to want to start their own pool but they clearly don't realise that the costs they pay to do that are higher than mining here also, and the result is less reliable also.
The cost here for a 1EH miner (since the fee would be 0.5%) would effectively be 5PH

I can't remember who, but someone also said that there's a trust issue, but that's actually a complete misunderstanding of the situation they are in.
They have to trust everyone who runs their pool for them. In the case of this pool, it's blatantly clear what's happening with the data I provide.
In the case of their own pool they have to trust some other 3rd party who runs it for them ... so I don't really see the issue ...

Anyway, that's the way it is.
legendary
Activity: 3892
Merit: 4331
Block by 16vV8!

This is our 1st of BLOCK WEDNESDAY! Cheesy

It looks like large miners are using PPLNS scheme timing to get more (or get a bonus).
I don't know what their game here is.
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Block by 16vV8!

This is our 1st of BLOCK WEDNESDAY! Cheesy
hero member
Activity: 1063
Merit: 502
RIP: S5, A faithful device long time
RIP AntMiner S5 Sad Hope I get back soon KanoPool  Undecided
legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
if they have 1 EH and brought it here, my guess is ramp up would not be very long and hmm I bet we would find blocks a lot more often with that much hash.

Thats easy, using Kano's calculator 1EH (1000PH) it shows:

Pool Average Time per Block:
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490


Damn that sucks. I'm down to 2 M10's right now because I forgot I needed a power cable before the garage season arrived. Oh well a few more days and it'll be back online.

What are you thinking of grabbing for gear?

I would like to get some S17's or T17's but would settle for T15's or S15's as their price is a bit cheaper so should make roi faster even if overall less hash rate and less btc. but still a huge upgrade over the S9's

I still have 15 S9's that I will eventually phase out as well. Just gotta go with what the profits allow which a lot less now than a year ago. Just glad I racked up some profits then.
legendary
Activity: 1554
Merit: 2037
Yeah I can't remember where maybe the discord Kano had mentioned if we got over 400 PH consistently the pool fees would drop. I think there is a good percentage of that 400 waiting for either the pool to grow close enough, or for another large player to show up before they come over.

Either way that combined with the fact that all block and miner rewards are shared with the pool should be enough to convince 1EH to mine here if they aren't mining solo. Low fees and total rewards being shared how can you go wrong Huh

sadly, 4 of my miners will be offline this week and I will be left with one T15 here until I can source some new miners, which hopefully will not be that long.

Damn that sucks. I'm down to 2 M10's right now because I forgot I needed a power cable before the garage season arrived. Oh well a few more days and it'll be back online.

What are you thinking of grabbing for gear?
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
A quick back of the napkin calculation of 1EH total pool hashrate gives me a full 5ND ramp of just 37.9 hours at current diff.  Shocked

I was just checking the same. Not to mention the other added benefits:

- Pool fees would drop to .5% once we get consistently over 400PH (I would think this is huge to a large miner)
- Still eligible to earn the BTC available from the giveaway in the pool OP
- They still earn from all the blocks found during their ramp up and subsequent ramp down if they left in the future.

wait, the pool fee drops? by almost 45% - nice!!! I was not aware of this.
legendary
Activity: 1554
Merit: 2037
A quick back of the napkin calculation of 1EH total pool hashrate gives me a full 5ND ramp of just 37.9 hours at current diff.  Shocked

I was just checking the same. Not to mention the other added benefits:

- Pool fees would drop to .5% once we get consistently over 400PH (I would think this is huge to a large miner)
- Still eligible to earn the BTC available from the giveaway in the pool OP
- They still earn from all the blocks found during their ramp up and subsequent ramp down if they left in the future.
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