Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 44. (Read 5352119 times)

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.

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. 

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.

Your problem is time. If you do this for a one or two year period, you will quickly find out you were earning less ₿ using PPS. If this pool had a much higher hashrate you could evaluate this in months or even weeks (if it reached exahash levels). This is the irony that the whale miners don't get, by using PPS in the larger pools they are earning about 4% less, and they could reduce that by moving into the pplns pool.

If you do have 1 EH at your disposal, go ahead and test for a month or so...

As for the 5nd, again its time. You are always earning the same, but instead of having sudden zero to full earnings, you get a gentle slope. Its all designed for you to stay longer. Stay long and you will reap the benefits, pool hoppers lose more. That is why you can't see the results in 1 day or 1 week. Think of it as inertial momentum from a flywheel thats gets power from electricity, disconnect it and it won't stop immediately. But to start it from zero takes time as its heavy to move...

i believe their point is that when it is making money, you are supposed to hold a portion of that money in reserves so that it covers the time when it is not making money at all or at a lower profit.

I've used kano's pool many years ago, the issue is variance consistency (this being how much is expected to be paid at the end of the week), no blocks = no BTC. While yes in the long run it all equals out, but in the month to month when bills need to be paid and hashrate is up and down you want stability a I will get this much on this day. I wasn't saying only a week for testing but that a test might be done.
The pool charges about 2% so 1.1% more than here. Can you calculate how much would be earned in the past month per PH, if 100% and 80% up time was assumed?

1 week? You can't tell anything about any pool in a week. You need a couple of months, preferably a year to see how it pans out. Folks have been doing HR split testing for a long time on Kano and the results are always the same.  You expect every pool to hit 100% over time and the only difference is 1) are transaction fees included, and 2) what fees does the pool charge. With these 2 pieces of info, you can take the results to the bank.

BTW, the KanoPool does include transaction fees and the pool fee is 0.9%.  That is one of the lowest around.

And yes this is correct, however when you talk to an accountant and say "on PPS we will submit this many shares and get this much based on that" and "on PPLNS we might be down during that good luck period and not actually hit full speed during the 5nd" which would they prefer.

In the past week if all machines were put here we wouldn't have hit the total 5nd based on our required up times and based on the luck / blocks found we would have earned less than PPS. I'll see about doing a hash rate split and testing this to see which we earn more on.

The 5Nd doesn't hurt, since when you take it down, you still get rewards for 5Nd after you stop mining.

The PPLNS here simply spreads the payout over 5Nd - the 'same payout' as any PPS pool only keeping 0.9% (which doesn't exist)
Of course the total will vary a lot, but long term the total is higher here.

The 5Nd means there's LESS variance here than say on slush PPLNS, when you switch off and on your miners.
However, the higher (luck) variance here is due to the pool size.

A simple way to look at it is, if you drop 100TH for 24 hours, then your payout over 5Nd is expected to total less by 24hours times 100THs, but instead of it dropping for 24Hrs to zero, it reduces the next 5Nd of rewards, so the variance caused by the outage is minimised.

Fixed a little mistake there.

I would like to use a PPLNS but with our need sometimes to take hashrate down for periods of time the 5nd would hurt, PPS just pays when they are up. It depends on your business model of what pool you go with, I'm sure as expansion happens it would be possible to move some of the more stable miners to a PPLNS.

my miners on PPS payout every other day almost consistently - and the fee is 2% so double the fee of Kano but no where near 4% but I do know what you mean about wallets being hacked... over a year ago I lost half a bitcoin when NiceHash was hacked... sure they paid it back, eventually.... but by then BTC had lost quite a bit of value so I still lost out. I no longer use nicehash lol

I will need to stay on PPS until reserves are built up enough to handle long spells of no payments - maybe if i stop buying equipment lol

See? What would you do with the money if you had those "good months"? Absolutely nothing, all the extra should have been kept to pay the bills in the bad months.

Of course building a buffer takes time, and its harder for larger operations, but its not impossible. Also you should start investing in renewable energy.

Take into account that if you don't make this buffer yourself, you are trusting the pool operator to do it for you, in addition for taking higher fees (ie 4% vs 0.9%). AND, hopefully no one will ever "hack" those wallets the pool operator is keeping with everybody else's money. Of course i know most PPS users are willing to forfeit their earnings if such "rare" event occurs (that would probably close the pool), but then you are also risking to close your operation by depending on the external party.

You "could" slowly move from PPS to PPLNS, a few miner units at a time...

There will be more...there always has been really good stretches here between the slow months. You can tell that by lifetime luck always being over 100%.

it is not necessarily about management - some have budgets and will need to have steady income - if the time between blocks is too long, they may not have enough in reserves to carry themselves. It also depends on when they got into it mining as well - as to how much they have built up reserves.

I have my miners in 4 pools - 5 in each pool. I see where some months a PPS makes more, other months where it makes less. It all varies and in the longer I look at it, it all draws closer to the same amount, more or less. But I also need to pay the huge electric bill every month and that is where the PPS comes in handy - its more of a guaranteed income.

I got back into mining when BTC was over 15k so that profitable time has helped me carry thru this extremely low profit time period. I have put zero cash into mining out of my pocket except for my initial investment of 13k USD - this bought a building, had it wired, had vents/ac/de-humidification system, etc etc and bought the first 3 miners.  Since then, I have added 17 additional miners and I put in 36 solar panels (adding 3 more soon) as well. I am still holding some BTC.  My goal is to let the mining increase the mining and to not put any $ in out of my pocket. So far, so good.

In the end, we are all just wanting to turn a profit and make some $ right? The greatest thing about mining is the versatility and availability of many pools. If one was truly greater than all the others, there would be only one pool and everyone would be in it.

that being said, I wish I had put 5 miners on kano.is a lot sooner than I had - the pool had some really good months that I missed out on.

 

It doesn't matter, every little push gets us closer. At 30PH a block should be found every 10 days on average. Even if we take a month or two without blocks, then another month or two will get us twice the usual number of blocks. It always averages in the long run.

Those who can't manage themselves will go to PPS pools while losing more in fees and get less reliability (orphans) and less security (pool owned wallets).

and it appears that the whale is gone after a little over 2 days. pool is back down to 30 ph --- but alas, we got no blocks during the whales time here

PUBLIC SERVICE ANNOUNCEMENT: Anybody not currently mining here is missing a great opportunity for an 8 day ramp up to full rewards thanks to the recent boost to ~200PH

Well you have to be logged in and go Pool -> Graph.

Its currently showing this:

how do you see that? NVM I found it lol never clicked that before.

That's the pool's shift graph.