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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 474. (Read 5352229 times)

member
Activity: 238
Merit: 11
I feel your pain ... but truth is my miners at Kano were making more than my miners on Slush until the dreaded 500% block of doom.

Hence my moving of miners to reduce my personal income variance.

That 500% block had no effect over the long term results here...if you look at the last 500 blocks we still earned more here at Kano than anywhere else.  It's all about the long game.  Anyone who knows anything about bitcoin mining knows that.  Those who are looking for instant gratification are simply in the wrong game.

Of which I am not disputing - my statement is personal income variance. Over a longer period, all other things remaining equal, the 1.1% extra fee from e.g. Slush adds up.

Hence most of my hashpower is directed at Kano - but not all.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
hmmm, all makes sense, i guess i joined at a really shit moment and got screwed by the 600% block, thanks for all the info. Ill stick around and see how it goes. Someone mentioned to me to calm down but Im here asking questions because I am here for the long run so Im going to stick around for the long run.
Yep - I've no problem agreeing with your valid description of what happened.
You did indeed join at the time of a bad luck block - which sux.
Unfortunately (or really more correctly - fortunately) you can't predict when it will happen, but just hope the long term results are close to expected, which they definitely appear to be Smiley
newbie
Activity: 12
Merit: 0
hmmm, all makes sense, i guess i joined at a really shit moment and got screwed by the 600% block, thanks for all the info. Ill stick around and see how it goes. Someone mentioned to me to calm down but Im here asking questions because I am here for the long run so Im going to stick around for the long run.
member
Activity: 254
Merit: 11
Call 811 before you dig
I console myself over that looong block with the following:

WHEN (not if) Slush, Antpoo, etc., hit 600% (or >) blocks (again?), those folks will scream a LOT louder than we are now.   Cool
(And a bunch of 'em will jump ship!)

MINE ON!
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
so am i safe to assume that i am waiting on more payments for this block over the course of the next few blocks mined? the amount of payments depends on the luck, i get that much.
The number of rewards depends on luck.
The number of rewards each share is 'expected' to get is 5

From Help->Payouts

Quote
How do the PPLNS payments work?

The 5Nd means the pool rewards 5 times the expected number of shares, each time a block is found.
So each share will be paid approximately 1/5 of it's expected value, in each block it gets a reward,
but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
i.e. if pool luck was always 100% then each share is expected to be rewarded 5 times.

If pool luck is better than 100%, then the average share reward will be better than 5 times.
If pool luck is lower than 100%, then the average share reward will be less than 5 times.
member
Activity: 126
Merit: 10
so am i safe to assume that i am waiting on more payments for this block over the course of the next few blocks mined? the amount of payments depends on the luck, i get that much.

Yep.
newbie
Activity: 12
Merit: 0
so am i safe to assume that i am waiting on more payments for this block over the course of the next few blocks mined? the amount of payments depends on the luck, i get that much.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
i got fucked bad by 5nd 4 days at 192 for ZERO payout and it previous shifts only paid once...
i lost over $3000 that I would have made at Slush

And every post gets deleted...
becasue
these lying fucks hate the truth
Most shares you submit at slush get no reward.
Works the same way, only the shares in the payout range get a reward - and slush's payout range is very short.

What you are actually bitching about is the fact we had a ~600% bad luck block.
Fuck it - yep we all dislike the bad luck blocks. Just like we all like the good luck blocks - like the 4 just before.

I delete your regular posts telling people to go mine at another pool.
Like every other pool will do.

Edit: it will be interesting to see if that post you just made at that other pool gets deleted coz it simply refers to this pool Smiley
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
i got fucked bad by 5nd 4 days at 192 for ZERO payout and it previous shifts only paid once...
i lost over $3000 that I would have made at Slush

And every post gets deleted...
becasue
these lying fucks hate the truth

I feel your pain ... but truth is my miners at Kano were making more than my miners on Slush until the dreaded 500% block of doom.

Hence my moving of miners to reduce my personal income variance.

That 500% block had no effect over the long term results here...if you look at the last 500 blocks we still earned more here at Kano than anywhere else.  It's all about the long game.  Anyone who knows anything about bitcoin mining knows that.  Those who are looking for instant gratification are simply in the wrong game.
member
Activity: 140
Merit: 18
ok, I give, how do you share a imgur image?  I tried just the link, that didn't work, then I tried wrapping it with the image wrappers and that didn't work... must be a trick I'm missing?

You use the BBCode (message boards & forums) Smiley



Ah ha!  Thanks, figured it out with that tip.
newbie
Activity: 12
Merit: 0
Yeah i guess I'll stick around and see what happens with the next few blocks. since im almost out of the ramp up period, im probably better off not leaving at this point. hopefully we have some good luck. i do still have a feeling that the 5nd and ramp up period and combination of a 600% block screwed me over though and I'm not happy with the outcome but theres no going back.

BTW, thank you to all the people here who were helpful. I'm not satisfied with the outcome but even so... but at least I have a better understanding of how this works now
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
i see, so its down to my failure to understanding the wording correctly. the average is of the entire 5nd timeframe. so am i correct in saying that I am also just waiting for a few more blocks to hit to get paid the rest of the amount? i understand that its not what I expected but it still seems awfully low. I guess ill wait it out?
To put it into details:

When we find a block we reward all shares in the last 5Nd which was ~366 hours (according to Account->Rewards)
So during those 366 if, e.g. you only mined for half of it, your reward would be half what you expect.
Why? Well if you had been mining for 366 hours you would have done twice as much work as if you were mining for 183 hrs
That's the simple logic of working out your reward for the block.

Now there's 2 more more facts to consider:
1) We had bad luck ... ~600% block
So if instead we had found the expected 6 blocks instead of just 1, you would have got 6 total rewards, however it still wouldn't add up to the number you are probably expecting.

2) 5Nd from Help->Payouts
The 5Nd spreads out your reward for each share over all the blocks found in the 5Nd after you submit the share.
So you expect each share to get 1/5 of it's expected reward per block found.
If at the start of the 5Nd before the block you were already 'ramped' up, then you would have submitted, over the 5Nd, 5 times the number of shares you expect to submit per block - and thus get 5 * 1/5 of your expected reward = 1
There's also this simple text drawing I did a while back to help explain this:
https://bitcointalksearch.org/topic/m.26608107
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
ok, I give, how do you share a imgur image?  I tried just the link, that didn't work, then I tried wrapping it with the image wrappers and that didn't work... must be a trick I'm missing?

You use the BBCode (message boards & forums) Smiley

member
Activity: 238
Merit: 11
i got fucked bad by 5nd 4 days at 192 for ZERO payout and it previous shifts only paid once...
i lost over $3000 that I would have made at Slush

And every post gets deleted...
becasue
these lying fucks hate the truth

I feel your pain ... but truth is my miners at Kano were making more than my miners on Slush until the dreaded 500% block of doom.

Hence my moving of miners to reduce my personal income variance.
member
Activity: 123
Merit: 21
i see, so its down to my failure to understanding the wording correctly. the average is of the entire 5nd timeframe. so am i correct in saying that I am also just waiting for a few more blocks to hit to get paid the rest of the amount? i understand that its not what I expected but it still seems awfully low. I guess ill wait it out?
5nd is not a function of time, but a function of number of shares. 5nd = 5*network difficulty (currently 14,373,371,172,079.5) worth of shares. It only relates to time in how long it takes to submit that many shares (currently at 52.9PH it would take about 13 days 12 hours).

when we find a block, the pool counts back the last 14,373,371,172,079.5 shares and rewards every one accordingly. The more shares you have contributed during to the total the higher your reward.
member
Activity: 238
Merit: 11
i see, so its down to my failure to understanding the wording correctly. the average is of the entire 5nd timeframe. so am i correct in saying that I am also just waiting for a few more blocks to hit to get paid the rest of the amount? i understand that its not what I expected but it still seems awfully low. I guess ill wait it out?

Pretty much you get rewarded less at the beginning, but if luck holds all shares are paid out equally (hence the "you get paid 1/5th at the start" or "each share is paid 5 times at 1/5th" misunderstanding)

Hopefully we get the next four blocks within 100%  Grin

ok, I give, how do you share a imgur image?  I tried just the link, that didn't work, then I tried wrapping it with the image wrappers and that didn't work... must be a trick I'm missing?
[/quote

I dunno either, I've moved to using tinypic now   Undecided
member
Activity: 126
Merit: 10
i got fucked bad by 5nd 4 days at 192 for ZERO payout and it previous shifts only paid once...
i lost over $3000 that I would have made at Slush

And every post gets deleted...
becasue
these lying fucks hate the truth

3000 for 4 days? You have that much gear and still, don't know what is going on? Crazy. I am jealous.
sr. member
Activity: 558
Merit: 295
Walter Russell's Cosmogony is RIGHT!
i got fucked bad by 5nd 4 days at 192 for ZERO payout and it previous shifts only paid once...
i lost over $3000 that I would have made at Slush

And every post gets deleted...
becasue
these lying fucks hate the truth
member
Activity: 140
Merit: 18
ok, I give, how do you share a imgur image?  I tried just the link, that didn't work, then I tried wrapping it with the image wrappers and that didn't work... must be a trick I'm missing?

Was testing, but this is my shift graph from the (600% block)... Almost at 100%, but gave some shares to a friend to keep him in the game because he lost AC and had to do dark for half a day.
newbie
Activity: 12
Merit: 0
i see, so its down to my failure to understanding the wording correctly. the average is of the entire 5nd timeframe. so am i correct in saying that I am also just waiting for a few more blocks to hit to get paid the rest of the amount? i understand that its not what I expected but it still seems awfully low. I guess ill wait it out?
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