Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 480. (Read 5352527 times)

My take on a post from Kano a long while back:

The 5Nd "ramp" means it takes that long to reward your shares.  It's not a punishment and The ramp isn't missing rewards, it's delaying them to reduce variance.  Each share is rewarded in all the blocks found in the 5Nd after the share.  That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.

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.

So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block.  On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block.  On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid.  That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.

This is a simplistic view of 5Nd because it is also affected by luck.  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. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.

The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day.  You would continue to be rewarded if the pool hit a block while you were down.  I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.

Ok that's what I was partially assuming, thank you kano san!

Can you explain ramp up? What is that

Just want to double confirm w u sir, means that block #2204 still not calculate total we get n send out the payment rite? Need ur advice. Thanks

I send out the Payout transaction when the block Matures.

In Bitcoin, I can't spend a block until it's reached +101 confirms (nor can anyone else)

See Help->Payouts for when you'll see it in your wallet.

Are we waiting until all of the confirmations are complete.  I ask because the last few blocks I got the BTC immediately after we cracked the block & at 17 confirmations now still the payment is not seen in my wallet.  Just curious if you (Kano) changed any of the parameters on how the payments are sent or when they're sent or if we have to wait for another block to be found before we get paid or what's going on?  Thanks in advance!

Well, Like you might know, I came to Kano from slush. Reasons? Because of a great community supporting each others and this pool as a great reputation. I knew by coming here we wouldnt crack a block every +/- 5 hours like in slush BUT since we are smaller reward per block would be bigger. I've read alot in this post about the reward always even out compared to other pools... Its not the case now with that mother***** 600% block... I believe I joined in a really bad time but at least im far ahead in the ramping...   Just hoping our luck will raise and we crack more of those fu**** 

Correct. So in essence, if you were to stop mining right now and we didn't find another block for your entire ramp down period, you would be correct that the payout was all you were getting for your mining effort here.

just plugged in two more Antminer s9s and pointed them to the pool. Lets get a block fast! 

Bitter much?  The block rewards are fairly small right now, this isn't the age of 16-18BTC blocks.   

Well there's 3 things.

Firstly, no we don't expect to ever get a 600% block.
Though they should average, over a large number of blocks (10's or 100's of thousands), to be 1 in about 400.
We expect 100%, but luck and expectation are two completely different things

Secondly, if you have ramped up, your next payout would match your expected reward per block.

Thirdly, if you do end up leaving, you'll still get (diminishing) rewards in any blocks found in the 5Nd after you leave.

Boom, Block, more to come. Mine On With Kano-San. I was here when we had 24PH, certainly not leaving now!!! Press On and Mine On with the Best Bitcoin mining pool on EARTH!! KANO POOL!! BTCBTCBTC

If you could get more elsewhere why aren't you there now? Why would you "sadly change"? I guess I would be sad too if I was giving away more of my "small profit". Just because a ball buster block comes around now and again doesn't mean all is lost. Time-weighted average. Mine on.

Thanks to both of you for your input. That small payout we got covers electricity and small profit... but it sucks lol.... hope we will get a better next week... or will have to sadly change.

I've found around 100 blocks on other pools (alt coins and maybe BTC, although doubtful). I've had 2 S9's and 1 L3+ running 24/7 since early Jan. Was on Nicehash and now on Kano (S9), Slushpool (S9) and Prohashing (L3+). I have another 2 S9 on the way due next week..

Got all of them direct from Bitmain so ROI will be shorter but nevertheless more expensive than earlier in 2017 and with the mad difficulty going to take at least 3-4 months (maybe longer)

It is not an understatement though that every day counts. We will soon be relying on mad amounts of luck to make any kind of profit. Kano is tiny compared to other pools that find several blocks a day. It's a fine balance.

How many blocks have you found for the pool or any pool out of curiosity?

I think every other bandwagoner that paid 5-6k on ebay for a single miner feels the same way. 

My equipment is paid for and nothing but profit. Obviously a steep decline in profit but with the difficulty shooting through the roof and bitcoin hitting 19k, what did anyone expect? These guys buying 1 miner for 3 times the cost and then paying 12-15 per kw will be bled out very shortly. Not saying that is your case, just general terms.

Finally a block. Absolutely pathetic reward 0.0002BTC per day for an S9 running 24/7 I do hope we find another block sooner than this one or I will have to bail. Every day counts now as difficulty keeps ramping and more and more miners crowd the field and none of us can afford to run miners at a loss like this for very long.

You actually have to look at time period, and not block to block. If kanos pool finds one block a month, and pool-x finds 100, which is more porfitable over the time period is all that matters. Huge variance is a tough pill to swallow when you're only cracking ~5 a month

how many blocks were in that day at BTC?  You can't look at payout vs. payout, you have to look at block payout vs block payout.  And take the ugly with the good.

e.g. I just looked at all my slush blocks and at the same hashrate, I was easily 20% better here, and that was only at 89% ramp.

assuming over time, we'll average too 100% difficulty, to compare a single block at 500%, vs multiple blocks in a payout just isn't fair.