Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 798. (Read 5352322 times)

Waiting for the weather to break so I can bring up some of my older miners to increase my hash rate a bit. It has been quite warm in Central Ohio for the last several months. I need to figure out a better method of getting the heat in the  basement up into the house so I will not be paying for heat beyond what I spend on the miners for electricity. I have to segregate the miners from our cats, so I can not just keep the basement door open. I may work up a screen to put in place of the door.

How much has the last month of bad luck and not finding a lot of blocks got to do with variability, or is it that the price of btc has been high for some time so a lot of new miners are joining and increasing the overall hashrate? I include myself in that group by the way!

Could it be that there is simply more hash in total, and therefore the blocks are spread a lot more thinly?

Last month my average hashrate was ~158ths. I brought in a total of 1.242456BTC in rewards, which is about 5400 at the current price. So, I would agree with NomadGroup that 78ths, about half my hashrate, would earn about $2500 at around 100% PPS given difficulty increases.

It helps deter pool hoppers from trying to capitalize and suck away rewards from the long term miners during good luck runs. It also comes in handy when you lose power or internet connection, as your rewards ramp down, so you at least are still earning during that time.

thanks for explanation.

It takes time to ramp up to the full payout of the 5nd. The payout method is explained here https://kano.is/index.php?k=payout

Current 5nd for the pool is 3 days and 2 hours.

Conversely, when you leave there is a ramp down period. So, you will continue to be rewarded for blocks found during that time even though you are not mining.

You must not have reached your 5Nd yet.
I'm running aprox. 45-47 TH steady for the last week and my payout for this last block was 0.00707651

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

Those names aren't pool members. They are anime (sp?) characters.

That's what I thought when I first joined here. 

I have a question. How do you take part in shifts? how can I be one of those listed on the shift stats?

I said it is "Time for some GREEN Blocks".

Green ? its not green

Looky there!  Is that a new block I see!

zayonara with 5.91TH/s hits a block!  Welcome to the Acclaim Board with your 1st Kano block! 

BLOCK!!!!!!
by zayonara !

13.38155364 BTC Block Reward

Now,
Time for some GREENBLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!

are you kidding ?  can u explain?  2500 ?? when

With 78th you should get around $2500.

Well said @ConnerM...I have been here for nearly 2000 blocks and I'm pretty close to 102% luck and 106% PPS overall.  I tried other pools before I came here and they were nowhere close.  If you look back to March 2016 when Kano starting posting the Monthly Statistics, the pool is 13.09 blocks ahead.  Yes, we've had 2 months in a row with less than expected blocks and October has started slow but the 3 months before that we got higher than expected blocks.  It's a patience game if you want to succeed pure and simple.

Ditto to the last two comments...

I agree!

Nice farm, wish I had one

There is nothing like joining a new pool when they are having a stretch of high variance.

I've been mining at various levels and in various pools for about 3 years. If you look back at past block rewards on Kano you will see that there can be 35% variance month to month in a pool of this size. So for every month of 135% PPS there will be a month of 65% PPS. You're going to have to mine in a pool of this size far longer than a month for the stats to even out. We have recently put upwards of 1PH into the pool and the luck over the last 3 weeks or so has been fairly low. Combined with pretty much having to babysit the farm 24/7 in this ridiculous October heat wave in Virginia, it's certainly been a tough patch watching the machines run hour after hour, sometimes day after day with no block reward. But that's raw mining. When we decided to give up our nice daily payouts in a huge PPS+ pool for a small 90PH PPLNS pool we knew the variance would be very high and we did our payout estimations for 1 year of mining. At 1PH we hope to take 40BTC out of Kano over the next year and it doesn't really matter when or how it comes. We invested $185,000 into our tiny little farm, and we are banking all the coin mined and subsidising the monthly power consumption as an additional capital expense. We made sure when we did this that those operational costs would be covered so it would not be necessary to cash out BTC along the way to pay for them. We've invested a great deal of resources into this and our choice to point our hash at Kano was far from arbitrary or based on past performance or favorable reports from other members. We didn't do it thinking we would 'try it out and see what happens over the next couple of weeks'. Here's our little PitA farm:



I have mined in slush and other PPLNS pools for periods of time before and their variance is just as high, it just gets evened out by the more frequent blocks at lower rewards. There is a point where a pool becomes so small relative to the total that payout variance will exceed any reasonable time frame set for a mining return but Kano is far from that level. While there is no guarantee, I hope Kano to give us a 2-3% higher return than in a PPS pool over the next year. I would suggest that it is not the math that is a problem, but the expectation of immediate results. I've run a few businesses over the years, and you have to have a certain focus to endure large capital expenditures that result in losses for 2, maybe 3 years before the business actually turns a profit and then takes 3 more years to recoupe the original capital expenditures and losses. Mining is very much the same way.

If you need more regular, smaller payouts, this is probably not the pool for you. Time is money for sure, but that too is relative. Playing the long game has always been the winner in my experience. Patience bro, patience.

Hey, just my two cents.