Topic: NovaBlock, The Most Profitable Mining Pool - page 3. (Read 2161 times)
Yes it is pps to pps.
Pretty sure it is pps to pps.
And viabtc give some shit coins not worth much but it makes viabtc a tiny bit better then this review accounts for.
Ie. If this review says 100.00 viabtc to 99.50 nova
It is more like 100.20 viabtc ti 99.50 nova.
That is off the top of my head. But it could be 10 cent not 20 cent for every one hundred usd in btc.
And viabtc give some shit coins not worth much but it makes viabtc a tiny bit better then this review accounts for.
Ie. If this review says 100.00 viabtc to 99.50 nova
It is more like 100.20 viabtc ti 99.50 nova.
That is off the top of my head. But it could be 10 cent not 20 cent for every one hundred usd in btc.
Quick question. Is this comparing PPS im presuming (apples with apples)? rather than ViaBTC PPLNS?
well now 3 weeks in, Novablock is still slightly more profitable but that is due only to that I currently have a zero fee with Nova - with the fee of 2.5% it would be less profitable than ViaBTC (the pool I am comparing it to) the highlighted rows are where ViaBTC was more profitable.
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By the way, I thought the first rule of BTC was to never share how much BTC you own
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If you want to run a public pool, then hiding information from your members that determines if the pool will fail or not, means they shouldn't mine here ...By the way, I thought the first rule of BTC was to never share how much BTC you own
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As for block numbers and people making random calculations ... the calculation to determine the probability of the pool results is calculated using the Erlang CDF
https://en.wikipedia.org/wiki/Erlang_distribution#Cumulative_distribution_function_(CDF)
That's something I of course show on my site for block histories and ranges
No other pool seems to have anyone with much of an understanding of the statistics of the Poisson Distribution that governs block finding
Pay Per Share payouts are calculated per each difficulty period. So PPS Pools payout less each difficulty period when difficulty increases or more if difficulty decreases, which is very rare. PPS does not change each day.
So if the last difficulty period increased by 6% then that would account for the 6% decrease in payout. Difficulty gets recalculated approximately every two weeks.
So if the last difficulty period increased by 6% then that would account for the 6% decrease in payout. Difficulty gets recalculated approximately every two weeks.
correct - was trying to be sarcastic, it failed - i will remove it.
the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount - the only problem with any PPS pool is that it constantly changes, so you really have to check it each day.
Pay Per Share payouts are calculated per each difficulty period. So PPS Pools payout less each difficulty period when difficulty increases or more if difficulty decreases, which is very rare. PPS does not change each day.
So if the last difficulty period increased by 6% then that would account for the 6% decrease in payout. Difficulty gets recalculated approximately every two weeks.
exactly, I get the whole PPS thing - but how they hell can their average be what it is? 154 blocks with a 700 ph/s pool is astronomical good luck - as everyone else is also pointing out.
but my point is this - how many blocks of they actually found? 50? 60? 150? if it really is 150, the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount - the only problem with any PPS pool is that it constantly changes, so you really have to check it each day.
According to their site they've found a total of 154 blocks since 8/14. The rewards for the last 151 of those blocks go into the same btc address.
I have no idea how they calculate their payouts, but the point of PPS is that pool luck does not affect you. So I'd expect that if the pool got super lucky it would not have an impact on your earnings, the same is true if they are super unlucky. I'm not really sure what the meaning of "fee" is for PPS, and it is probably different for every PPS pool.
but my point is this - how many blocks of they actually found? 50? 60? 150? if it really is 150, the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount
... btc.com has us at 81 blocks total
looks like their block explorer is off.
looks like their block explorer is off.
btc.com only started monitoring them on 9/6, but the history on novablock.com goes back to 8/14. The period when diff was 10.183T started on 8/18.
https://novablock.com/space/block
The blocks also seem to match up with rewards going into their btc address starting on 8/15, https://www.blockchain.com/btc/address/3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ?offset=250&filter=6.
yea , i just wanted to chance to review it for the 0% , but alas im not worthy 
but ill do my best help out, REALLY WANT A USA POOL IN THE TOP 3 , China shouldn't have all the fun
but ill do my best help out, REALLY WANT A USA POOL IN THE TOP 3 , China shouldn't have all the fun
Have you tried looking at some of these stats through the App? I'm away and can't check against the website to confirm any issues. I would be interested to see if you have the same errors across both platforms.
In regards to the reviews they are only a snapshot in time. With the payout structure of Novapps+ the blocks they find and transactions do not matter, as they stated it's a set estimated transaction reward based applied based on the amount of blocks expected, not actual found.
I did inquire as to how often it adjusts, if ever. If it does adjust could be based on average of last "x" blocks found or something similar. This would then affect payouts.
I do agree though accurate pool stats are much more proffesional. That is why they have people reviewing and are actually responding and working to fix issues which is nice.
In regards to the reviews they are only a snapshot in time. With the payout structure of Novapps+ the blocks they find and transactions do not matter, as they stated it's a set estimated transaction reward based applied based on the amount of blocks expected, not actual found.
I did inquire as to how often it adjusts, if ever. If it does adjust could be based on average of last "x" blocks found or something similar. This would then affect payouts.
I do agree though accurate pool stats are much more proffesional. That is why they have people reviewing and are actually responding and working to fix issues which is nice.
yea now that im using the setup, i can see some inconsistency's 
after i commented on the block explorer @novapool it started updating with the 2 blocks found oct-4
Also @novapool my weekly report is still not updating , so what ever you did to the explorer code needs to be
applied to the area or module that controls the current time relative to the graphs .
Lett's get this stuff worked out-
Thanks
FREEMINE
after i commented on the block explorer @novapool it started updating with the 2 blocks found oct-4
Also @novapool my weekly report is still not updating , so what ever you did to the explorer code needs to be
applied to the area or module that controls the current time relative to the graphs .
Lett's get this stuff worked out-
Thanks
FREEMINE
So the block history and btc earned reflected on novablocks history page is wrong? Who found the blocks listed on the site then?
anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.
Hard to do much of a review or in depth comparison if the data being provided is inaccurate.
anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.
Hard to do much of a review or in depth comparison if the data being provided is inaccurate.
Yeah you can show the diff and what a 100% payout of 12.5 coins is.
You can show viabtc payouts
You can show nova payouts.
But if block reporting is wrong is is hard to show what is lost in trans actions. Oh well
So the block history and btc earned reflected on novablocks history page is wrong? Who found the blocks listed on the site then?
anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.
Hard to do much of a review or in depth comparison if the data being provided is inaccurate.
anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.
Hard to do much of a review or in depth comparison if the data being provided is inaccurate.
81 vs 150 is a big error and drops the luck down to simply good vs unreal.
Quote from: BTC.com
Pool Name NovaBlock
Hashrate 606.66 PH/s
Network Share 0.67%
Last 6 Months All Time
Block Count 81 81
Rank 19 / 27 65 / 93
Share of Blocks 81 / 27,242 = 0.30 % 81 / 598,031 = 0.01 %
Hashrate 606.66 PH/s
Network Share 0.67%
Last 6 Months All Time
Block Count 81 81
Rank 19 / 27 65 / 93
Share of Blocks 81 / 27,242 = 0.30 % 81 / 598,031 = 0.01 %
btc.com has us at 81 blocks total
looks like their block explorer is off
I guess they are the world's luckiest pool
All of the hashrate shown on the pool is accurate. While I cannot comment on how lucky we were during this period to find a large amount of blocks, I can confirm that we do not have any hidden hashrate shown. I do know that during the initial stages of release, we have always kept steady around 700 PH and that when we were initially put onto btc.com list (2 - 3 weeks after our start date) we found more blocks than expected and that showed our hashrate to be around 1500 - 1700 PH. This number has since been coming down to accurately represent our hashrate.
Any probability/Possion distribution gurus want to verify my #s?
It gets way way way less likely looking further back.
For the time when difficulty was 10.772T the pool found 47 blocks when 16.9 were expected, and during the 10.183T difficulty period it found 44 blocks when the expected was 19.2. So include the 11.891T diff period where the pool found 37 blocks when the expected was 15.4 and you end up with a total of 128 blocks found when the average expected blocks found should have been 51.5. The probability of finding 128 or more blocks when the expected on average is 51.5 is 1.998E-19, so basically 0.
I wasn't suggesting there would have been anything shady about having your own 1000PH that wasn't being reported on the website. It would have made sense if your goal was to get 2000PH of external hashrate.
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