I am just about to join the kano pool with more than 50 TH/s, but what's the difference in payouts to for example slushpool in average?
If you want to see actual historical difference, check out the CDT (Coin per Day per Th/s) values for slush and kano. Obviously past luck makes a big difference on these but would give you an idea of what you "would have" made if you were mining in one place or another. *edit - oops, I see that clgrissom3 gave the same answer! |
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I am glad that the stats are valuable and even happier that I am at the most profitable pool - and even more important - the best pool operator! Mine On! |
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For some reason I heard 3 notifications for this block. was in the shower, and thought OMG 3 in a row! Almost slipped trying to grab he phone to check  How do I get the phone notifications? you can sign up for a free minergain.com account and get email and / or text alerts as well as daily, weekly, monthly email summaries of any of the pools we track. |
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looks like we have one down!
Sorry that only the text alerts went out from minergain (it said it was found in 00m:00s so a bug I have to fix). I am busy this weekend, so when we get the 6 blocks, if someone can upload their kano reward data to their minergain account, that will get the home page CDT values to be real rather than an estimate. I always try to do that with my account as soon as I can. Thanks and have a wonderful BLOCK weekend! |
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Looks like we are pretty consistently at 90Ph now. Time to change the forum heading? Also time for 6 blocks this weekend! Mine on!
now now, let's not be greedy! 6 by end of month is fine with me. 
MINE ON WITH KANO-SAN!looks like we have one down! |
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Looks like we are pretty consistently at 90Ph now. Time to change the forum heading? Also time for 6 blocks this weekend! Mine on!
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514786 2018-Mar-23 11:40 12.49660372 17.346T 298hr 58m 52s 69.22PHs 0.31% 54.151G 216.08THs 0.03901173
514487 2018-Mar-21 05:50 12.54574969 17.335T 331hr 24m 13s 62.41PHs 0.08% 13.950G 50.22THs 0.01009607
514430 2018-Mar-20 21:47 12.91714506 17.316T 335hr 1m 12s 61.66PHs 0.05% 7.855G 27.97THs 0.00585954
Here's my rewards for the past 3 days since I started mining.
My understanding is, it takes x amount of time to fully ramp up.
Also, for any block thats found while I've been mining, I don't receive the full amount owed to me straight away.
So, first block, I received .005 BTC
Second block, I received BTC for block 2, but also for block 1?
Third block, I receive BTC for block 3, 2 and 1?
Fourth (future block) I will receive BTC for all 4 blocks?
Fifth (future block) I will receive BTC for all 5 blocks?
Sixth (future block) I will receive BTC for this block, plus the previous 4?
And this will continue until I'm fully ramped up?
When ramped up, in x amount of time, do I then still have my payments split out amoung blocks, or receive it all at once when we get a block?
Sorry.,.. still trying to get my head around this. I may have totally misread info and be completely wrong :p
I still have not had this confirmed, but I believe you get paid based on the shares you submitted compared to what everyone else submitted for 5 times the difficulty total shares. So the first block had 61.66Ph total shares (61,660 Th) and you provided 27.97 Th which is .0454% of the 12.91715 reward. The second block had 62.41Ph total shares with your 50.22 Th shares giving you .0805% of the reward. The third block had 69.22 Ph total shares with your 216.08 Th giving you .3122% of the reward. If you stop mining, the shares will gradually decrease over 11 days or so. You get rewarded for any blocks that we find during those days. So the ramp is based on the shares your miner submits and has nothing to do with paying for previous blocks at a later time. It is quite confusing but important because if you stop mining and we have no blocks for 11 days, you will not receive more. But if we find 30 blocks in those 11 days, you get partial rewards for all of them. |
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Anyway, as far as CDT goes, I got interested enough to go and compare MinerGain.com to Kano's calculator ( tradebtc.net/bitcalc.php) using a 13.5THs S9 for a month with BTC at $10,000 as the example. MinerGain.com (Monthly CDT): ~0.00011511 BTC * 13.5THs * 30 Days = 0.04661955 BTC * $10,000 = $466.20 Well this value most likely includes history - and as we all know, almost every diff change, it drops. So the long term average (calculated on any pool) will almost always be higher than the future results. Minergain is exclusively looking at past blocks found in real time. It is a rolling 5 minute average based on 7, 30, 90 and 365 days. So when we have a bunch of blocks, the weekly goes really high and we had a week where nothing happened, so then it went to zero. Since it is historical, it is only valuable for "what if I were here or there", which I sometimes do with my stock portfolio. Kano's calculator is much more sophisticated since it is estimating what percent diff may change to and when. Obviously it is all a guessing game and thankfully there are tools around to help narrow the guess a little. |
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Yes, you're right. I wasn't precise enough, and this is an important point.
It's the rewarded shares that are spread over the 5Nd, and that affects the payouts whenever a block is found.
Thanks for the clarification!
I am a newbie (6 months) but have believed this for a long time (about 2 months). nobody has ever told me I am right on it before. I hope that we both are right now! Thanks much and have a great upcoming weekend! |
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You can see this in the stats, the pool grew in the last 1.5 - 2 months, and the percentage of luck has gone UP. This is also true in the past for Kano Pool as well as others.
Yes, it seems like a larger pool is luckier since hard blocks get moved through quicker - and it does offer more options for easier ones afterwards. In October, we were over 200Ph at one point and had two 800%+ blocks which was brutal no matter what the size. So as Kano always says, luck is luck and pretty hard to predict it. |
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I’m sure we all made around the same amount as you back when BTC was almost 20k and the difficulty was lower but we are talking about what a guy can make with his 50 s9’s in this pool now and not what he could have made back in December, no? Easier just to give him the Kano calculator so he can check for himself: http://tradebtc.net/bitcalc.php  I probably should not bother responding, but I am anyway.... There is absolutely ZERO chance to forecast what someone will make from mining in the coming weeks / months / years for any pool. That is due to luck, the price / acceptance of bitcoin, world economic conditions, announcements such as Elon Musk requiring payment for vehicles in BTC, etc, etc. All we are trying to do is give an analysis of past performance of varying pools to try to offer guidance and help to come up with a decision of where to mine. Even the Kano calculator is using assumptions and guesses. There are a lot of business opportunities that are better than mining, and a lot that are worse. To me, mining is a gamble (and very likely a future investment as well). So wherever you choose to (my choice being Kano) - Mine On! |
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As I understand, a 10TH/s miner working only 12 hours per day will give you the same profit as a 5TH/s miner working 24/7. There may be some variance, indeed, but that's expected even with the two identical miners working the same amount of time.
In my understanding, the 5Nd somewhat "spreads" your payouts, thus allowing for more or less equal payments even at times when your miner is off - nothing less, nothing more.
As long as your miner is capable to pay for itself (the electricity costs), it is generally a good idea to leave it mining. At the same time, it is not necessary to keep your miner working when electricity costs are higher than the miner will bring back to you.
I believe you are right about the end profit in your first sentence. I am not sure your payout spread statement is 100% accurate though. As I understand the 5nd ramp, it is actually the shares your miner produces that are distributed over the 5nd (5 times the current difficulty), not your payouts. It does end up with a similar net effect on payouts as what you stated assuming they come at an even pace. So if you are 5% ramped for a block we find, you will get 5% of what you normally would have received. If you are 75% for the next block, you receive 75%. Once you are ramped up, you get 100% of course. Then if you leave, your ramp starts declining. If we find a block when you are at 50%, you will get half the payment. You continue to receive payments on blocks we find until all of your miner shares have expired. |
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But if it's an equal 12 hour cycle (and most likely not), you're losing the "ramp" each time you start the miners back up the next day. Wouldn't be the smartest thing to do IMO, but if you're short on cash, you're short on cash.
You gradually gain it, then gradually lose it, effectively cutting your hash rate in half (in your example). But at least you get a consistent return (unlike faster ramp time pools). Since business courses always train managers to utilize fixed costs as much as possible (for example running 3 shifts because the building costs pretty much the same empty or full), I think that running 24x7 is the best option to maximize the return on your investment in miners. But yes, if you are short on cash to pay your power, it is an option. |
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This right here is what i fooking love about kano.is Now my s9 is on 247 and my 741 plus small miners r on every ither day for 10h to bump up my hashing power If you are always ramping up and down, you aren't expected to earn less than the time you are mining.
The only factor there is pool luck, which of course over the longer term is expected to approach 100% from above or below.
For those of you who might be wondering why anyone would do this, many power companies have higher daytime rates ($0.15 and more) and super low night rates (less than a nickel). It averages out to be around the $0.10 to $0.12 that many US customers pay. Having a system to power the miners off during the day and on at night dramatically increases the ROI. The main issue is that it takes longer to pay off your fixed costs (miners, facilities, etc) and difficulty continues to grow. **edit - dramatically increases the "short term" ROI |
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Minergain - I'm currently running about 100 S9s, with 10 more coming online Friday morning and 11 Avalons on order. I recently switched from Slushpool to Kano due the fee difference (and discovered a much nicer user community as a bonus). For me, its just business - I will make more at Kano than any place else I've found at an acceptable variance. Kano's example was 7 BTC difference, but does it really matter if its 7 BTC, $5000, or $1000 over a year? Its still more.
I started at slush too and switched here to get a bigger piece of the pie with my single S9. When I left slush in August it was around 250 Ph and Kano was around 40. Amazing how that has changed in scale. Yes, more money is always nice to have - and if we get really lucky, we all get to actually take part in a nice bonus. Plus I have not found a better community of crypto people anywhere (and super willing to help everyone learn). Welcome to Kano and Mine ON! |
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Im awaiting a shipment of 50 S9's. This doesnt meet your requirement to participate in the giveaway, so why should I choose this pool for my 50 miner farm?
Probably the biggest reason is the 0.9% fee versus 2 or more of most other pools. If your alternative is slushpool, you can look at the stats on the home page of minergain.com and see that for a year, kano provides an average of 0.00032379 BTC per Th / Day versus 0.00029488 (after pool fees). If I have my math right, with 50 S9's running at 13.5Th/s, that is 79.77+BTC versus 72.65+BTC so more than 7 BTC additional with Kano. Obviously this is historical, so this WILL be different for the next 365 days but gives you an idea. Unfortunately I am not tracking other pools yet but probably similar. So you can consider going to Kano the potential of a 7BTC bonus - and since random is random, it could be a fair bit higher since you would take a bigger percentage of the rewards in a 80Ph pool versus a 2.85Eh. You definitely got something wrong there buddy. If we were getting average of 0.00032379 per th/day then just one s9 would be making us more around $1180 per month! Which isn’t true, since one s9 can make you only around $250-$300 max per month. This is over the 12 months which obviously the difficulty was much less 12 months ago with a lot higher BTC rewards back then (and lower dollars since it was under $3k). Using the spot price of BTC when the reward was earned, I made $1189 in December and am already at $338 this month. As I mentioned, that is the past which has no bearing on the future. I have not had anyone do a detailed review of my numbers and math. If you are interested in confirming both, I am happy to share the details. If you look at the past week CDT of 0.00015486 and quarterly of 0.00012451, the difficulty change has made an obvious net earnings change since it is less than half of the yearly per day average. |
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As a miner in a pool that shares transaction fees, is anyone else missing the days (not that long ago) of the 14+ BTC block rewards? Although as a user of BTC the low fees are great and probably better for the currency in the long run.
Those were the good old days where it really didn't matter where you mined (as long as the pool paid out the transaction fees). Those 18-24 BTC blocks were great! imagine the first couple years where it was 50BTC mining with CPU / GPU cards. I'll bet those miners wish they would have made a few changes to their investment strategy! And many likely did amazingly well too. |
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Im awaiting a shipment of 50 S9's. This doesnt meet your requirement to participate in the giveaway, so why should I choose this pool for my 50 miner farm?
Probably the biggest reason is the 0.9% fee versus 2 or more of most other pools. If your alternative is slushpool, you can look at the stats on the home page of minergain.com and see that for a year, kano provides an average of 0.00032379 BTC per Th / Day versus 0.00029488 (after pool fees). If I have my math right, with 50 S9's running at 13.5Th/s, that is 79.77+BTC versus 72.65+BTC so more than 7 BTC additional with Kano. Obviously this is historical, so this WILL be different for the next 365 days but gives you an idea. Unfortunately I am not tracking other pools yet but probably similar. So you can consider going to Kano the potential of a 7BTC bonus - and since random is random, it could be a fair bit higher since you would take a bigger percentage of the rewards in a 80Ph pool versus a 2.85Eh. |
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KanoPool Block 514430 Found at 03/20/2018 09:47:43pm UTC 12.91719 value after 0.11731000 fee ($117,181 USD), 0.00017034 BTC/Th est payout, which took 2d:10h:34m:21s to find with 107.52% diff with 3.72T Shares and pool hash 75.83PH/s
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What was the last two blocks Per TH reward rate and the Pool N Average?
They'd be on your Rewards page Same for everyone I know that... but mine are all 0's.... actually they are not even listed. :-( Remember, I defected. I am re-looking at the numbers to see the differences. the home page of minergain.com gives you Coin (BTC) per Day per Th for the week, month, quarter and year. Here are my stats: 514075 2018-Mar-18 11:12 12.49342185 16.462T 338hr 37m 31s 58.00PHs 0.02% 3.853G 13.57THs 0.00292401 514018 2018-Mar-18 01:45 12.68174725 16.459T 341hr 38m 37s 57.48PHs 0.02% 3.888G 13.58THs 0.00299576 |
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