Title: Can I improve luck by mining with multiple pools Post by: du5tin on December 07, 2020, 04:29:49 AM First time poster, I am getting started mining with multiple ASIC machines. I have been sticking with one pool for the time being (Slushpool if you are interested) but the pool is not always lucky. This has me thinking about ways to increase my luck. One possible way to increase luck is to mine for a large pool since it is more likely they will find a block. Another way is to increase chances by mining in multiple pools at the same time, which is possible for me having multiple machines.
Is it advantageous to mine in multiple pools at the same time? Or is it generally considered better to put all your power in with one mining pool? Title: Re: Can I improve luck by mining with multiple pools Post by: favebook on December 07, 2020, 04:42:33 AM You cannot "increase" your luck. Mining at bigger pull and hitting blocks more often is not necessarily better than mining at smaller pull and hitting blocks less often.
Every pull can be hit with unlucky period. Luck is luck, there is nothing you can do to change it. Smaller pools's luck can wary much more, however bigger pools's luck is almost always average of 100% for the month. I'd recommend going with one pool, especially if you are small miner. If you want to try your luck, than mine at solo pool like kano or ck. Increasing number of pools you mine on will not increase your chances of getting better payouts. Rather it will be same as if you mined on single pool, but you will have them spread over multiple pools (I do not see a point in doing this unless you want to support certain pools and cannot decide on which one to go). Title: Re: Can I improve luck by mining with multiple pools Post by: ranochigo on December 07, 2020, 05:15:15 AM Larger pools tends to have lesser varience when it comes to the time between the blocks they mined due to the percentage of the network's total hashpower that they own. If you choose to go with a larger pool, your payout would be more frequent while if you go with a smaller pool, your payout is probably more sporadic.
Luck is just a concept for the pool to measure how many shares are submitted before one meets the minimum target. It shouldn't differ too much across the pool and certain pools have payout schemes that discourages block withholding attack as well. In the long run, you'll probably earn the same amount across the pools with the only factor being the fees incurred. If I were you, I'll choose a pool which is reputable and has a low fee and just stick with it. Title: Re: Can I improve luck by mining with multiple pools Post by: mikeywith on December 08, 2020, 02:26:31 PM Is it advantageous to mine in multiple pools at the same time? Or is it generally considered better to put all your power in with one mining pool? The only advantage to mining in different mining pools is redundancy against pool failure, including problems with their server/node or any network related issue that would stop your miner from connecting to that pool, plus the chances of a pool closing down or refusing to pay you, but as far as luck goes, there is really nothing you can do to increase it. If Slushpool's luck is giving you troubles, just mine to a PPS+/FPPS pool and you won't have to worry about anybody's luck, it comes with a higher fee of course. Title: Re: Can I improve luck by mining with multiple pools Post by: DigitalFarns on December 08, 2020, 04:51:23 PM Mikey, can you help me with a PSS+/FPPS pool is? I've seen those acronyms around, but haven't been able to figure out what they mean yet.
Title: Re: Can I improve luck by mining with multiple pools Post by: ranochigo on December 08, 2020, 05:13:45 PM PPS+ and FPPS(Full pay per share) are basically like a PPS(Pay per share) system but with the added benefit of the miner being able to receive the transaction fees generated from the mined block that is calculated within the number of shares (or rather proportion as compared to the rest of the pool's miners) in the last N rounds. I guess it's an improvement from a PPS system which assumes the TX fees to be absorbed by the pool operator.
I think it does reduce the varience of the earnings but you'll most likely be paying a higher fee than PPLNS or PPS. ** Mikey corrected me in the subsequent post. I had the impression that FPPS and PPS+ is the same. Learning new things everyday. Title: Re: Can I improve luck by mining with multiple pools Post by: NotFuzzyWarm on December 08, 2020, 06:07:40 PM A good reference is here in Wikipedia (https://en.wikipedia.org/wiki/Mining_pool).
Title: Re: Can I improve luck by mining with multiple pools Post by: philipma1957 on December 08, 2020, 07:59:09 PM Viabtc has a pps+ option.
they are guarantee that they are paying 105.18% of each block 6.25 x 1.0518 = 6.57375 coins a block. this comes to 0.0000690 btc a th or about 13.01 cents a how can they pay more then 6.25 coins a block well the 105.18%. moves up and down they adjust the average daily from the blocks from the day before https://www.blockchain.com/explorer here are 6 blocks 660521-660526 this paid 6.25 + .40140949 https://www.blockchain.com/btc/block/000000000000000000033d6d0ade544c4ea9f4c98f42addff9851dc5ebd69d66 this paid 6.25 + 0.44717038 https://www.blockchain.com/btc/block/00000000000000000004b46f1d5bd2cb04e2946d9debd88250a5990e2137badc this paid 6.25+ 0.71710751 https://www.blockchain.com/btc/block/0000000000000000000b124fc0e28d963e85168f34f0bec97228ae0b48054577 this paid 6.25 + 0.97615534 https://www.blockchain.com/btc/block/00000000000000000000e66d9c3d943f7813e91e3a4d1b481c79b08ff3a918e0 this paid 6.25 + 0.48609839 = 6.73609839 https://www.blockchain.com/btc/block/00000000000000000005aae449e350e75c813fd5ecccd89e832a258a7943adf7 this paid 6.25 + 0.7789106 = 7.0289106 https://www.blockchain.com/btc/block/0000000000000000000cae1fab3f1492b2397729505ab2c8aa597d129488f6fa The good from mining here : you get paid and know when you get paid. you can set auto pay as low as 0.001 or 20 usd You never have 'bad' luck the bad from mining here: you pay a bit more in fees you never have a hot streak Kano pool has hit 11 lucky blocks in row this time frame the difficulty was 7,100,000,000,000 Quote from: https://kano.is "2359 542713 pplns 12.52945895 2018‑09‑23 16:23:59 Matured 4,815,280,317,744 67.322% 0.490 108.26% 74 2358 542525 pplns 12.52969330 2018‑09‑22 11:03:17 Matured 2,492,869,108,936 34.852% 0.294 108.25% 75 2357 542434 pplns 12.81290422 2018‑09‑21 20:03:11 Matured 963,822,934,683 13.475% 0.126 107.02% 76 2356 542394 pplns 12.90295590 2018‑09‑21 14:16:54 Matured 5,946,724,557,044 83.140% 0.565 106.43% 77 2355 542174 pplns 12.60259772 2018‑09‑20 01:55:10 Matured 1,416,430,328,652 20.179% 0.183 106.82% 78 2354 542128 pplns 12.58630884 2018‑09‑19 17:24:56 Matured 307,759,184,208 4.385% 0.043 105.77% 79 2353 542118 pplns 12.60670325 2018‑09‑19 15:34:21 Matured 2,053,243,837,255 29.252% 0.254 104.26% 80 2352 542032 pplns 12.57968815 2018‑09‑19 03:16:19 Matured 3,477,466,964,043 49.542% 0.391 104.03% 81 2351 541900 pplns 12.60427292 2018‑09‑18 06:14:04 Matured 415,460,577,635 5.919% 0.057 100.46% 82 2350 541888 pplns 12.65449764 2018‑09‑18 03:29:56 Matured 4,980,761,200,500 70.959% 0.508 97.55% 83 2349 541717 pplns 12.59598065 2018‑09‑16 21:02:55 Matured 4,118,356,747,353 58.673% 0.444 98.03% 84 2348 541566 pplns 12.54560000 2018‑09‑15 20:08:47 Matured 5,257,230,200,102 74.898% 0.527 98.44% 85"* so 11 x 7,100,000,000,000 = 78,100,000,000,000 if you add the blocks above you will get 30,500,000,000,000 + I rounded down 30,500,000,000,000/78,100,000,000,000 = 39.05% pretty amazing hot streak. *Please note bolded print was pulled from kano.is website. Title: Re: Can I improve luck by mining with multiple pools Post by: mikeywith on December 08, 2020, 09:39:01 PM PPS+ and FPPS(Full pay per share) are basically like a PPS(Pay per share) system but with the added benefit of the miner being able to receive the transaction fees generated from the mined block that is calculated within the number of shares (or rather proportion as compared to the rest of the pool's miners) in the last N rounds. What you described here is PPS+, FPPS is 100% theoretical and that includes the transaction fees, in other words PPS+ = Block reward is paid PPS while transaction fees are paid in PPLNS. FPPS = Block reward as well as transaction fees are paid in PPS. When fees are high and a pool fails to find a block for a while then from a miner's standpoint FPPS is better. It's worth mentioning that pool fee from the transaction fees are lower than the actual fees for PPS+ pools, viabtc takes 4% from the block reward and only 2% from the block fees since it's PPLNS based, FPPS pools that charge 4% will charge you 4% on both the reward AND the fees, so when your pool gets lucky, you would wish it was a PPS+ rather than FPPS and the opposite of that is also true. OP keep in mind that your profit with PPS+/FPPS pools is CAPPED, so you can't earn more than what you theoretically are supposed to earn when the factor of luck is eliminated (except for the fees on PPS+ but that is too small to be considered), to me, nothing but PPS+/FPPS works, I don't mind handing them a 4% while knowing almost exactly how much BTC I am going to earn and when will I actually have it, but since I like to have fun, I solo mine at Cksolo pool with a bit of my total hashrate. Title: Re: Can I improve luck by mining with multiple pools Post by: du5tin on December 09, 2020, 04:21:37 AM Thanks all! This was helpful.
I guess if I am going to be mining regular then I need to stop looking for that endorphin hit when a block gets solved and my 'reward' gets posted to my potential pay out. |