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Author Topic: [205+PH] KanoPool kano.is 0.9% fee 7 BTC giveaway 🐈 US,UK,JP,NYA,DE,SG  (Read 5157518 times)
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kano
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March 02, 2018, 06:06:33 AM
 #36721

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
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Toll-Booth-Jim
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March 02, 2018, 06:06:41 AM
 #36722

I APPROVE THIS BLOCK!!!

The Booth Man!
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March 02, 2018, 06:08:00 AM
 #36723

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Smaller size = less BTC?

The Booth Man!
soma909
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March 02, 2018, 06:08:17 AM
 #36724

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'll take you up on that offer Smiley Unfortunately I'm unlikely to get above 800/900 GH/s for a week or two.....  Sad Mining with the same username I use on this board.
https://imgur.com/msSFSBv.png

https://imgur.com/AZdQqYn.png

It's not just a giveaway. He wanted an explanation of 5Nd and/or PPLNS in general... with pictures even! Shocked

So I can just copy paste the PPLNS explantions from kano.is then Wink

How about: PPS is for suckers who mine on dodgy pools - PPLNS is where it's at!
storeship
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March 02, 2018, 06:09:25 AM
 #36725

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Not had much luck lately, another Friday block, lets crack another one today..
perfectplus174
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March 02, 2018, 06:10:16 AM
 #36726

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'll take you up on that offer Smiley Unfortunately I'm unlikely to get above 800/900 GH/s for a week or two.....  Sad Mining with the same username I use on this board.




It's not just a giveaway. He wanted an explanation of 5Nd and/or PPLNS in general... with pictures even! Shocked

So I can just copy paste the PPLNS explantions from kano.is then Wink

How about: PPS is for suckers who mine on dodgy pools - PPLNS is where it's at!

You're missing the point of the contest though.  Read the rules.

Nothing happens until something moves.

MINE ON WITH KANO........except DPoS2
rifleman74
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March 02, 2018, 06:16:38 AM
 #36727

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Smaller size = less BTC?



Yes, but that's the breaks.   Make the next solved block bigger!


MINE ON WITH KANO-SAN!
kano
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March 02, 2018, 06:21:53 AM
 #36728

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Smaller size = less BTC?

Yep - as I said, there were very few transactions available at the time - even segwit transactions - we include both types in our blocks.
Fewer transactions mean smaller rewards - as you can see on the Blocks page it was 12.51725753BTC and on the Rewards page the miner reward was 12.40460222BTC

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
kano
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March 02, 2018, 06:26:10 AM
 #36729

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Not had much luck lately, another Friday block, lets crack another one today..
Well considering most blocks are not very high in transactions at the moment - as I said - a block is a block Smiley
Antpoo just had a 8,387 byte block - even smaller - 1/3 of the transactions we had Tongue
The last block above 16BTC was 34 blocks ago, block 511,574 coz it was a 40 minute block.
I certainly don't think a block close to 100% is unlucky ...

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
rifleman74
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March 02, 2018, 06:28:29 AM
 #36730

Another tiny one - but this was REALLY tiny.
The block was 35 seconds after the previous network block and the txn mempool was pretty empty - the block size was only 34,103 bytes!
There were quite a few small blocks before it, but that was the smallest in the last 10 network blocks.
Well - a block is a block Smiley
Not had much luck lately, another Friday block, lets crack another one today..
Well considering most blocks are not very high in transactions at the moment - as I said - a block is a block Smiley
Antpoo just had a 8,387 byte block - even smaller - 1/3 of the transactions we had Tongue
The last block above 16BTC was 34 blocks ago, block 511,574 coz it was a 40 minute block.
I certainly don't think a block close to 100% is unlucky ...

100% is what we expect, now let's raise our expectations for this block and get it quick!


MINE ON WITH KANO-SAN!
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March 02, 2018, 06:37:43 AM
 #36731

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'll take you up on that offer Smiley Unfortunately I'm unlikely to get above 800/900 GH/s for a week or two.....  Sad Mining with the same username I use on this board.
https://imgur.com/msSFSBv.png

https://imgur.com/AZdQqYn.png

It's not just a giveaway. He wanted an explanation of 5Nd and/or PPLNS in general... with pictures even! Shocked

So I can just copy paste the PPLNS explantions from kano.is then Wink

How about: PPS is for suckers who mine on dodgy pools - PPLNS is where it's at!

You're missing the point of the contest though.  Read the rules.

Yes I know. My replies were meant jokingly. There are probably 500 questions/complaints in the thread already - "why are my payments less than poolx", "I hash at this or that TH/s but my share stats look like they are divided by 5" etc.
gaud
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March 02, 2018, 07:20:32 AM
 #36732

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'll take you up on that offer Smiley Unfortunately I'm unlikely to get above 800/900 GH/s for a week or two.....  Sad Mining with the same username I use on this board.




It's not just a giveaway. He wanted an explanation of 5Nd and/or PPLNS in general... with pictures even! Shocked

So I can just copy paste the PPLNS explantions from kano.is then Wink

How about: PPS is for suckers who mine on dodgy pools - PPLNS is where it's at!

You're missing the point of the contest though.  Read the rules.

Yes I know. My replies were meant jokingly. There are probably 500 questions/complaints in the thread already - "why are my payments less than poolx", "I hash at this or that TH/s but my share stats look like they are divided by 5" etc.

if kanos explanation worked he wouldn't still be confused and there would be no contest lol.

and to that other fellow i do NOT aprove this block i want another one !!!

1MNYcr4MoB7uGcvGYxvKzvNqTxHEN7NGaJ btc love me Cheesy
Shazam!!!
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March 02, 2018, 09:12:21 AM
 #36733

Sooo nice to wake up to a found Block!!!

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
I mine BTCitcoin at a non-Corporate pool with no hidden fees, no empty BTClocks: Kano Pool   ■ get Kano Pool signature banners here ■
Vene
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March 02, 2018, 09:27:54 AM
 #36734

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.
Shazam!!!
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March 02, 2018, 09:38:53 AM
 #36735

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s. 

Welcome!

This is because you have just started "ramping" the 5nd. The "ramp" time is around/near 15 days, after that, you will receive
full rewards. I am near 11 days, and this reward, was bigger than my first two rewards combined. Be patient, it gets better!

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
I mine BTCitcoin at a non-Corporate pool with no hidden fees, no empty BTClocks: Kano Pool   ■ get Kano Pool signature banners here ■
chauski01
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March 02, 2018, 09:59:29 AM
 #36736

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Hi, i would like to join this contest! Smiley

Here is my explanation based on my newbie opinion.

Formula:

(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R



Assumptions:
1xS9 at N = 14THs                     (14 * 1,000 = 14TH)
Current Pool Hash at PN = 40PH  (40 * 1,000,000 = 40 PH)
-------------------------------
(N/PN)=S      ---->   14,000 / 40,000,000 = 0.00035 S



When a block is found with a reward of the last block size in blocks page "2018‑03‑02 05:50:27" = 12.51725753 - 0.9% fee = 12.40460222
The reward of 12.40460222 is the block that will be shared among miners in the pool.
So based on the formula of (R*S = your BTC reward)

12.40460222*0.00035 = 0.00434161 BTC in this block.


So in summary, as a new miner, to understand how much you will get per block found, always remember this formula and keep it handydandy. Grin

--------------------------------
(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R
---------------------------------


Please note, the formula above only considers when you are fully ramped up.
You can always see in the shifts graph page whether your already fully ramped or not so just go and visit your shifts graph page.
When fully ramped, then always keep that formula at hand.

So at that rate assuming all values remain thesame, an S9 miner would at least hope and pray to have 8-9 blocks found in a month to be mining here and be more profitable than other pools which gives you at least 0.0011 BTC a day.

[EDIT]
So imagine, if we find a block with 22.67465393 reward just like last 2017‑12‑23 01:54:00, that would be a wooping 0.00786470 BTC in that single block alone!  Imagine if we hit 7 block with 12.4 miner reward + 1 block with 22 miner reward, in those 8 blocks alone, you already get 0.03825597!
That is approximately around 20% difference already vs a daily payout of 0.0011 * 30 = 0.033 BTC.

I hope this explanation helps a lot to kanopool new members as me as a new member as well wanted to know how profitable it is to mine here and this is what i have observed.

Did i pass the exam?  Grin

MINE ON @ KANOPOOL
BSGMiner
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1xAvalon6 [s]1xProspero X-1.5[/s] :'(


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March 02, 2018, 10:38:37 AM
 #36737

Oh, no!!! I woke up to hearing my Avavlon6 fan cycling and went to go check... It's got a red light blinking and won't hash.

Any good troubleshooting links I should read???

EDIT: WHEW!!! After a some power cycling, everything reconnected, and it's no longer a giant paper-weight! Grin

Oh, yeah... MINE ON!!!

The best ~200PH BTC mining pool (<1% fee): KanoPool (https://kano.is)
***No lost work during the 5Nd PPLNS payout ramp-up***
chauski01
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March 02, 2018, 10:39:47 AM
 #36738

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.


Hi, taking your case as an example of the formula i just mention few posts below your post.
Assuming you have fully ramped up and you have 37THs ave.


Formula =

(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R
------

(N/PN)=S
37,000 / 46,880,000 = 0.00078925 Share/Contribution from the total pool power

Block reward (R) = 12.40460222
R*S = Your BTC received

12.40460222 * 0.00078925 = 0.00979032 BTC on this block IF you were already fully ramped up.
Assuming we find 10 blocks of thesame size you'll get 0.096892 BTC in 30 days which should be way
more better than 0.003094 a day * 30 = 0.09282 BTC


Hope this helps.  As many long time miners here say, be patient and it will pay off!

MINE ON @ KANOPOOL
clgrissom3
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March 02, 2018, 12:03:06 PM
 #36739

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.

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 payments 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 5Nd because 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 better 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 hit 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. Grin

I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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March 02, 2018, 12:16:24 PM
 #36740

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.

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 payments 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 5Nd because 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 better 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 hit 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. Grin

The 5Nd windows isn't affected by luck. Whats affected by luck is how many solved blocks fall into that window.

@Vene if you look back a page or two I made some really simple pictures. But to be as simple as possible, when this block was found, it looked back at roughly 15 days worth of stats to determine payouts. Since you've only been mining for 3 days, your payout was smaller.

A really rough calculation would be (37/49091)*(3/15). This would be (your hash rate / pool hash rate) * (how long you've been mining here / current length of 5Nd "ramp")

But this calculation isn't exact because your hash rate and pool hash rate both fluctuate, how long you've been mining cannot be more than the length of the 5Nd "ramp" and the ramp itself changes length in terms of days when network difficulty changes.

Also important to note that the bitcoin you may be thinking of as "missing" are really just delayed. If you stop mining now, and we hit 3 blocks tomorrow, you'll still get paid for them since there is also a "ramp down".

Anonymous, no-registration, no-frills BCH Mining - http://luckypool.co - Get Lucky Today!
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