Can I improve luck by mining with multiple pools

[du5tin]

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?

[1714003858]

1714003858

[1714003858]

1714003858

[1714003858]

1714003858

[favebook]

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).

[ranochigo]

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.

[mikeywith]

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.

[DigitalFarns]

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. 

[ranochigo]

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.

[NotFuzzyWarm]

A good reference is here in Wikipedia.

[philipma1957]

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 block edit th

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

"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.

[mikeywith]

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.

[du5tin]

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.