what's the most generous mining pool by JULY 2021 ?

philipma1957

legendary

Activity: 4102

Merit: 7763

'The right to privacy matters'

Quote from: kano on July 12, 2021, 08:43:22 PM

Quote from: philipma1957 on July 12, 2021, 06:01:30 PM

Quote from: stigo on July 09, 2021, 09:01:16 AM

HI,

Any mining pools with the highest rewards by july 2021?

Thanks

...
So a pool that makes 1 block a day with bad luck could make a block in 10 days.
I saw a pool have back to back 99% cdf which is insane bad luck. about 10000 to one shot.
If you pick a pplns pool that makes 1 block a day and it does that it will make 2 blocks in 20 days vs the 18 it should make.
...

Reminder, however, that variance does NOT mean loss, it literally means up and down.
Gain and Loss

So as long as the PPLNS pool finds regular blocks, the variance over time should even out quickly.

So for a pool that expects one block per day, yes you will, very rarely, average 1 in 22026.5 blocks,
get times when the pool will take 10 or more days to find a block.
Or, average 1 in 148.4 blocks, get times when the pool will take 5 or more days to find a block.

But the reverse is also true, the pool will, average 1 in 1.59 blocks, take less than a day also, that will, over time, average out to close to one block a day, with the longer blocks.

And of most importance, this doesn't mean you will always be behind.
The pool will have times, both when you will be ahead, and times when you will be behind.

Of course, there is no factor involved in mining that will correct the luck from 'good to even' or from 'bad to even' but over time it is expected to average out close to one block per 100%

The main difference in fees between PPS and PPLNS is that a PPS pool is required to charge higher fees.
Of course, this doesn't mean that all PPLNS pools charge lower fees.
And ... the most relevant case of this is Antpoo who's PPLNS fees are very high.

Info about expected pool block finding statistics:
https://kano.is/index.php?k=poisson

Antpool is wicked bad with fees.

If you have decent hash say 1000 ph.
You can do 80% viabtc and 20% kano.is

Or some other smaller pool.

If 80-20 is hard do 90-10

I do 1500 to 20

with viabtc 1500 and mmpool 20

you can get hot with the higher variance pools.

This is much how my wife and I invest.

75-80% in very safe bonds

20-25% in mining btc,ltc/doge,eth.

kano

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Activity: 4466

Merit: 1798

Linux since 1997 RedHat 4

Quote from: philipma1957 on July 12, 2021, 06:01:30 PM

Quote from: stigo on July 09, 2021, 09:01:16 AM

HI,

Any mining pools with the highest rewards by july 2021?

Thanks

...
So a pool that makes 1 block a day with bad luck could make a block in 10 days.
I saw a pool have back to back 99% cdf which is insane bad luck. about 10000 to one shot.
If you pick a pplns pool that makes 1 block a day and it does that it will make 2 blocks in 20 days vs the 18 it should make.
...

Reminder, however, that variance does NOT mean loss, it literally means up and down.
Gain and Loss

So as long as the PPLNS pool finds regular blocks, the variance over time should even out quickly.

So for a pool that expects one block per day, yes you will, very rarely, average 1 in 22026.5 blocks,
get times when the pool will take 10 or more days to find a block.
Or, average 1 in 148.4 blocks, get times when the pool will take 5 or more days to find a block.

But the reverse is also true, the pool will, average 1 in 1.59 blocks, take less than a day also, that will, over time, average out to close to one block a day, with the longer blocks.

And of most importance, this doesn't mean you will always be behind.
The pool will have times, both when you will be ahead, and times when you will be behind.

Of course, there is no factor involved in mining that will correct the luck from 'good to even' or from 'bad to even' but over time it is expected to average out close to one block per 100%

The main difference in fees between PPS and PPLNS is that a PPS pool is required to charge higher fees.
Of course, this doesn't mean that all PPLNS pools charge lower fees.
And ... the most relevant case of this is Antpoo who's PPLNS fees are very high.

Info about expected pool block finding statistics:
https://kano.is/index.php?k=poisson

philipma1957

legendary

Activity: 4102

Merit: 7763

'The right to privacy matters'

Quote from: stigo on July 09, 2021, 09:01:16 AM

HI,

Any mining pools with the highest rewards by july 2021?

Thanks

Yeah this is a naive question.

You want pools that pay and don't steal.

You want to measure the variance issue.

What is that. In the short run a pplns pool payout will have variance. In theory in the long run it won't be much.

So a pool that makes 1 block a day with bad luck could make a block in 10 days.
I saw a pool have back to back 99% cdf which is insane bad luck. about 10000 to one shot.
If you pick a pplns pool that makes 1 block a day and it does that it will make 2 blocks in 20 days vs the 18 it should make.

Now on the other hand a pool like viabtc.com uses pps+ and you get a certain number every day based on your hash rate.

I have 1000th at viabtc it is playing me 1000 x 0.00000895 = 0.00895 every day like clock work. compared to the other pool I never have bad luck. but on the average my pay out is a bit less. Unless the variance driven pool has shit luck month after month.

I do not want to deal with variance so I mine at viabtc.com

I do point 20th at mmpool.org if I win a block there I will make some nice money but It has been years since I hit one there.

mikeywith

legendary

Activity: 2170

Merit: 6279

be constructive or S.T.F.U

That is irrelevant, pool's luck has no memory, just because pool x was luckier than pool y the last month or even the last year, it does not mean it will be the case for next month or next year, the only thing you can calculate and actually take to the bank would be the fees, if pool x is PPS+ with lower fees than pool y which is also PPS+ then it will "likely" give you more rewards because of the lower fees, keep in mind that even PPS+ pools earning are subject to luck because most pools pay the block rewards based on PPLNS.

Long story short: you should look for a pool that has a good reputation, and a payment method you prefer, you should learn the difference between PPLNS, PPS and go with the one you prefer, ignoring "fees" and "luck" all pools (in the long run) will pay you the same regardless of their past performance.

BitMaxz

legendary

Activity: 3206

Merit: 2904

Block halving is coming.

Have you check ViaBTC mining pool?

They giving mining bonus if you mine on ViaBTC through merge mining read it from here https://support.viabtc.com/hc/en-us/articles/900001530543
You will need to choose PPLNS payment method to be able to earn bonus.

stigo

newbie

Activity: 28

Merit: 4

HI,

Any mining pools with the highest rewards by july 2021?

Thanks

Topic: what's the most generous mining pool by JULY 2021 ? (Read 181 times)