I really wanna switch to KanoPool cause it seems its where all the cool kids are. The only two things that make it hard is the few blocks i understand the payout is bigger though so what is the payout per Th/s when a block is found on average at the moment. Also the two week ramp up time does this mean if blocks are found in the next two weeks i wont get a full pay per th/s im contributing or am i misunderstanding? thanks in advance
You will get your full pay based your your shares but it will be spread out and not all at once. You don't lose anything.
My take on a post from Kano a long while back:
The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.
How do the PPLNS payouts work?
The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.
So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block. On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid. That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.
This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.
The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit.
The pool hash rate for the last day is roughly 54.94PHs which means the 5Nd 'ramp' is roughly 14days 21hrs right now.
ok that makes sense now but if i have 1 th/s and kano pool finds 5 blocks in a month what would my estimated payout be for the month?
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