why not do a marketing push
Why? Why not just concentrate on making the best pool possible and let the chips fall where they may?
Kano seems to be an Means Justifies the Ends type person. There aren't enough of those around these days.
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 477. (Read 5352527 times)
February 10, 2018, 03:21:34 PM
Why? Why not just concentrate on making the best pool possible and let the chips fall where they may?
Kano seems to be an Means Justifies the Ends type person. There aren't enough of those around these days.
February 10, 2018, 03:18:24 PM
NEW POOL RULE: No more >500% Blocks!
In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Yep - hitting multiple in a row is great when it happens. In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Over a long enough period, it will even out. The variance from block to block is high, but over a large sample, it's good. The trick is to be able to increase your hash rate strategically and use cash flow and profit to do that and float costs in bad months.
"The sweet is never as sweet without the sour."
MINE ON WITH KANO!
In this case all shifts from 5Nd to the previous block (500% to 596%) got no reward.
It's also a trade off of how long it takes to ramp up, when the pool hash rate is low (50 PH)
From the CDF table:
0.99326205300091 500.000% 1 in 148.4
i.e. we expect to average, over a large number of blocks, 1 in 148.4 blocks being over 500%
When you are ramped up, it makes no real difference, it's more like aesthetics than anything else -
ouch you see unpaid shifts - but your reward per block is still 'the same'
https://bitcointalksearch.org/topic/m.29985768
Luck can be both good and bad - it's random.
The one catch with it is that I can't just go and change the 5Nd
If I make it lower, that negatively affects the current miners and is to the advantage of any new miners.
If I make it higher, the opposite.
February 10, 2018, 03:14:41 PM
They are in denial.. they still think it is just a difference of smaller quicker payouts vs bigger slower payouts and have no clue that they are bottoming out on small datasets
So in your signature, you say to support the small mining pools (specifically this pool) but we are all idiots that are in denial? May want to update your sig.
If you go back to my earlier posts I was trying to sound the alarm that this pool is going to be extinct if it gets too small and that if this pool really is the best paying pool and the big ones are robbing people then why not do a marketing push, lower the ramp up for a short temporary time to get people to switch, then once a crowd forms it attracts bigger crowds... etc..
but nah.. bitching and moaning and stubborn folks rule the day over here.
I'll leave my sig alone for now until I'm motivated by something else eventually
February 10, 2018, 10:41:52 AM
NEW POOL RULE: No more >500% Blocks!
In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Yep - hitting multiple in a row is great when it happens. In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Over a long enough period, it will even out. The variance from block to block is high, but over a large sample, it's good. The trick is to be able to increase your hash rate strategically and use cash flow and profit to do that and float costs in bad months.
"The sweet is never as sweet without the sour."
MINE ON WITH KANO!
February 10, 2018, 10:39:58 AM
NEW POOL RULE: No more >500% Blocks!
In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Yep - hitting multiple in a row is great when it happens.
Over a long enough period, it will even out. The variance from block to block is high, but over a large sample, it's good. The trick is to be able to increase your hash rate strategically and use cash flow and profit to do that and float costs in bad months.
Amazing how this starts to fit together *once you get in the middle of it*...
Code:
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.
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.
^^ from the PPLNS link on the home page
COME ON BLOCKS!!!
February 10, 2018, 10:33:47 AM
NEW POOL RULE: No more >500% Blocks!
In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right?
I guess it all evens out in the end... like everything else, I suppose.
Yep - hitting multiple in a row is great when it happens.
Over a long enough period, it will even out. The variance from block to block is high, but over a large sample, it's good. The trick is to be able to increase your hash rate strategically and use cash flow and profit to do that and float costs in bad months.
February 10, 2018, 10:30:48 AM
Wow... So, for all the blocks that are over 500%, no one gets paid for the work their miners did over the 500% mark?
That's disappointing if you're right.
Sorry - that's the way it works on every PPLNS pool.That's disappointing if you're right.
If you don't find a block during the LNS period, you don't get paid for those shares.
PPLNS = Pay Per Last N Shares - if the N in this case is higher than the shares between the last block and this one, you don't paid for it, even if you had shares.
In all seriousness, though, if we hit several in a row, we would be technically paid multiple times for the same shares, right? (EDIT: whereas this payout will only be for one block.)
I guess it all evens out in the end... like everything else, I suppose.
February 10, 2018, 10:27:40 AM
Using fuzzy math would this mean that while the block was almost 600% difficulty, we were only paid as if it were 500% and that other 100% was not paid shares? [maybe a gross and missleading point, not sure]
Yes, - in fuzzy math, when there are greater 500% blocks, you have some work you did that's not paid, as its outside of lookback range.
However, those are rare. (Understanding we have a few in the past 9 months, but statistically over a long period of time they'll be exceptionally rare.)
February 10, 2018, 10:22:14 AM
Wow... So, for all the blocks that are over 500%, no one gets paid for the work their miners did over the 500% mark?
That's disappointing if you're right.
Sorry - that's the way it works on every PPLNS pool.
If you don't find a block during the LNS period, you don't get paid for those shares.
I had to go refresh my memory as well... it's at the top of the home page.
Code:
We use PPLNS (Pay Per Last N Shares)
PPLNS means that when a block is found, the block reward is shared among the last N shares that miners sent to the pool, up to when the block was found.
The N value the pool uses is 5 times the network difficulty when the block is found - '5Nd'.
PPLNS means that when a block is found, the block reward is shared among the last N shares that miners sent to the pool, up to when the block was found.
The N value the pool uses is 5 times the network difficulty when the block is found - '5Nd'.
Using fuzzy math would this mean that while the block was almost 600% difficulty, we were only paid as if it were 500% (number of shares) and that other 100% was not paid shares? [maybe a gross and missleading point, not sure]
February 10, 2018, 10:15:11 AM
Wow... So, for all the blocks that are over 500%, no one gets paid for the work their miners did over the 500% mark?
That's disappointing if you're right.
Sorry - that's the way it works on every PPLNS pool.
If you don't find a block during the LNS period, you don't get paid for those shares.
PPLNS = Pay Per Last N Shares - if the N in this case is higher than the shares between the last block and this one, you don't paid for it, even if you had shares.
February 10, 2018, 10:15:07 AM
But....am I ramped up or not.....?
The Workers->Shift Graph will currently show that clearly.The light red area is the 5Nd, so if you were mining since the beginning of that area (or before) then you are now fully ramped up.
Again, as a reminder to all, the 5Nd 'ramp' isn't a time interval, it's an amount of hashes - specifically 5 times the network difficulty.
Since the pool hash rate changes around quite a bit, the 'time' for the 5Nd is quite varying
I'm fully ramped up according to the Workers>Shift Graph; however, on the Workers>Shifts page, there are 86 shifts between the bold red line and the 1/22 block where I'm not seeing a reward.
How/when will I get rewarded for that time period? Thanks in advance for the explanation.
When a block is found. The reward process counts back shifts until the total share difficulty included is 5Nd. So the red line is showing you were the 5Nd point is. Rewards are averaged between the redline and finding the block.
Sorry if I didn't explain well enough. The reward "gap"--all zeros--is below the bold red line (i.e. Between 1/22 and 1/25).
The gap between 1/22 and 1/25 does not fall within the 5Nd period. Thus there is no reward for those shifts. Mine looks same way.
Wow... So, for all the blocks that are over 500%, no one gets paid for the work their miners did over the 500% mark?
That's disappointing if you're right.
Yep, that's what it is. No more blocks that go over more than one difficulty change.
February 10, 2018, 10:13:41 AM
Holy Sh**t
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
15.06 vs 12.44 on the block size will cut the reward down substantially. Right now blocks aren't in the "juicy" mode of fees so you have to crack more of them!
February 10, 2018, 10:09:40 AM
Holy Sh**t
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
The pool hash rate basically doubled - so that's the big difference.
Block 505456 we were at 32.68PHs, this last one we were at 46.80PHs.
Bigger hash rate plus smaller block, plus more big players = smaller reward.
but with the hopes for more frequent blocks. It's the trade off. Need a larger pool size (combined hash rate) means everyones profit per share is lower due to dilution, but with the promise or more frequent blocks.
February 10, 2018, 10:08:33 AM
But....am I ramped up or not.....?
The Workers->Shift Graph will currently show that clearly.The light red area is the 5Nd, so if you were mining since the beginning of that area (or before) then you are now fully ramped up.
Again, as a reminder to all, the 5Nd 'ramp' isn't a time interval, it's an amount of hashes - specifically 5 times the network difficulty.
Since the pool hash rate changes around quite a bit, the 'time' for the 5Nd is quite varying
How/when will I get rewarded for that time period? Thanks in advance for the explanation.
That's disappointing if you're right.
February 10, 2018, 10:04:00 AM
Holy Sh**t
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
The pool hash rate basically doubled - so that's the big difference.
Block 505456 we were at 32.68PHs, this last one we were at 46.80PHs.
Bigger hash rate plus smaller block, plus more big players = smaller reward.
February 10, 2018, 10:01:30 AM
But....am I ramped up or not.....?
The Workers->Shift Graph will currently show that clearly.The light red area is the 5Nd, so if you were mining since the beginning of that area (or before) then you are now fully ramped up.
Again, as a reminder to all, the 5Nd 'ramp' isn't a time interval, it's an amount of hashes - specifically 5 times the network difficulty.
Since the pool hash rate changes around quite a bit, the 'time' for the 5Nd is quite varying
I'm fully ramped up according to the Workers>Shift Graph; however, on the Workers>Shifts page, there are 86 shifts between the bold red line and the 1/22 block where I'm not seeing a reward.
How/when will I get rewarded for that time period? Thanks in advance for the explanation.
When a block is found. The reward process counts back shifts until the total share difficulty included is 5Nd. So the red line is showing you were the 5Nd point is. Rewards are averaged between the redline and finding the block.
Sorry if I didn't explain well enough. The reward "gap"--all zeros--is below/b] the bold red line (i.e. Between 1/22 and 1/25).
The gap between 1/22 and 1/25 does not fall within the 5Nd period. Thus there is no reward for those shifts. Mine looks same way.
February 10, 2018, 10:01:21 AM
Holy Sh**t
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
I actually looked at my reward for last block...
26.31THs 0.00699728
last block january i got for 26.46THs 0.01220075
okay the block in january was 15.06 BTC.
But man...nearly cutting the reward in half in 2 weeks??
Did I miss something?
February 10, 2018, 09:59:27 AM
But....am I ramped up or not.....?
The Workers->Shift Graph will currently show that clearly.The light red area is the 5Nd, so if you were mining since the beginning of that area (or before) then you are now fully ramped up.
Again, as a reminder to all, the 5Nd 'ramp' isn't a time interval, it's an amount of hashes - specifically 5 times the network difficulty.
Since the pool hash rate changes around quite a bit, the 'time' for the 5Nd is quite varying
I'm fully ramped up according to the Workers>Shift Graph; however, on the Workers>Shifts page, there are 86 shifts between the bold red line and the 1/22 block where I'm not seeing a reward.
How/when will I get rewarded for that time period? Thanks in advance for the explanation.
When a block is found. The reward process counts back shifts until the total share difficulty included is 5Nd. So the red line is showing you were the 5Nd point is. Rewards are averaged between the redline and finding the block.
Sorry if I didn't explain well enough. The reward "gap"--all zeros--is below/b] the bold red line (i.e. Between 1/22 and 1/25).
You wont - that's beyond the 5Nd period
February 10, 2018, 09:52:02 AM
But....am I ramped up or not.....?
The Workers->Shift Graph will currently show that clearly.The light red area is the 5Nd, so if you were mining since the beginning of that area (or before) then you are now fully ramped up.
Again, as a reminder to all, the 5Nd 'ramp' isn't a time interval, it's an amount of hashes - specifically 5 times the network difficulty.
Since the pool hash rate changes around quite a bit, the 'time' for the 5Nd is quite varying
How/when will I get rewarded for that time period? Thanks in advance for the explanation.
February 10, 2018, 09:49:25 AM
Could somebody, maybe kano, give me a whitelist of
secure node servers in Europe?
Actually I let core client choose the nodes, but
I think this isn't a secure setup for my core client.
Thanks
and
MINE ON!!
Not sure what you are asking for?secure node servers in Europe?
Actually I let core client choose the nodes, but
I think this isn't a secure setup for my core client.
Thanks
and
MINE ON!!
The mining nodes are listed in the first post.
I'am running a bitcoin core client (full node) on one of my machines.
But I just run it in "read-only" mode. No other core client can connect to it from outside.
I actually want to connect my core client only to some whitelistet core nodes
instead of let it choose the nodes it connects to.
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