KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[wolfen]

Front end went out for a moment seems ok now

[ZACHM]

Here is broken down weekly BTC/THs/Day:

Nov 1 to 7: 0.011289
Nov 8 to 14: 0.005393
Nov 15 to 21: 0.008118
Nov 22 to 28: 0.004809
Nov 29 to Dec 5: 0.010969
Dec 6 to 12: 0.010881
Dec 13 to 19: 0.005943
Dec 20 to 26: 0.004633

You notice that Nov 8-14 and Nov 22-28 are just as low as the last two weeks, but those were when the pool hashrate was around 2PH. Those are the times of bad luck. But notice Dec 6-12, that is the week that the pool hashrate really started climbing on the 6th it was 2.7PH on the 12th is was 4.5PH and that was a very lucky week, 11 blocks!

Pool hashrate will not effect it, only luck will:
Black October we only found 12 blocks!
Pool Average was 2.07PH rewards worked out to 0.005 BTC/THs/Day

September = 0.0095
October = 0.005
November = 0.008
December = 0.0075

4 Month Average = 0.0075 BTC/THs/Day

4 Month decrease of 0.002 or 21%
Difficulty increase of 72%

I would be curious to see what the payout decrease on that PPS pool has been over that period of time, I bet it is a lot more than 21%.

[dmwardjr]

Hi e46btc

I can see that the network diff has risen, but the basic same 93G  network diff was paid out on by the 40ph pool over the last 3 days is basically same diff as the 24th payout that I listed and got paid here at Kano's, yet I earned quite a lot more elsewhere, again because the 40ph pool found 3 to 6 blocks per day, and the Kano even paying back for work done as part of the 5Nd doesn't make up those extra block payments I received elsewhere.

This is why I said I think there's something like a sweet spot, which when Kano pool was at 2ph and with me being one of the smaller pool hash supporters, it actually worked out and paid out ok, but now that its gone to 6ph it doesn't, suspect this will change when the pool becomes bigger, because as it finds more blocks per day, it will probably make it worthwhile again, as I found with the 40ph pool that I just joined, where the S3 is an even smaller part of the total hash rate than I am here at Kano, but I am earning more.

from the stats page, its simple to see that now with the pool at 5.75ph, that those over 50TH which is less than 20 of the top users are actually making up over 4ph of the 5.75ph. so 300 of the 340 users are sharing 30% of the payout, It could be that those top 20 users at Kano, find the opposite to me, that because they take 70% of the reward for the block, they earn more at Kano than if they were smaller 50% or 40% hashers of a slightly larger 25ph pool, so that dragging along an extra 2ph of slower S3 and S5 users at Kano makes this 5.75ph their sweet spot pool.

The only way here at Kano's pool that I can currently see to make the same as a month ago, is to buy three times the miners, but I would be spending to make no extra.

So for now I think pointing them elsewhere is making it worthwhile, I am a smaller tiny fish in their 40ph, but many payments per day actually seems to be giving me better returns.

Ste

1 miner  @  13,400 TH/s
2 miners @   6,225 TH/s combined
2 miners @   3,273 TH/s combined
3 miners @   2,416 TH/s combined
2 miners @      727 TH/s combined
12 miners @ 2,255 TH/s combined
22 miners have 28,296 TH/s combined

Slush Pool Hash Rate @ 40,096 TH/s
Top 22 miners have 70.57% of the pool hash rate
Active Users on Slush pool is approximately 5,022 users (miners) and 22 of those 5022 have over 70% of the pool hash rate.  This means 5,000 miners are sharing 30% compared to maybe 310 sharing 30% here at kano.is

Active workers (rigs) approximately 17,000.

Now, compare Slush numbers to your numbers about kano.is top miners having 70% of the pool hash rate...

[wolfen]

Last three months i was on different pool . Eventually all pool pay in same range with PPS system.

With PPLNS -With current rate (As Hash power increase on Kano)_we must find 2 blocks a day to get  paid better than PPS.

In month of Oct 1 block a day using PPLNS was enough get paid more than PPS system.

Above is general conclusion.

If i am wrong consider as a mistake...correct the mistake and we move on.

Thanks
Sky

Our present pool hash rate as of this writing is 5,665 TH/s.  If you enter in that hash rate on Bitcoinwisdom.com/bitcoin/difficulty, you will see that amount of hash rate should earn approximately 30.49BTC per day at present difficulty of 93,448,670,796.

If you divide 30.49BTC by 25BTC per block, that would be 1.2196 blocks per day.  This [more or less] means the pool needs to find 5 blocks every 4 days on average to maintain 100% luck at current pool hash rate and current difficulty.

So, the math I have demonstrated disproves your assumption that... "we must find 2 blocks a day to get paid better than PPS."

David

EDIT:  If we found 1.2196 blocks a day [Or, 5 blocks in 4 days], we actually got paid better than PPS.  Especially, if you factor in the fees of 2.5% to 3.6% fees of PPS compared to the 0.9% fee here.  The only way to know this for sure is to stay on here 30 days minimum.  Even then is not quite good enough to compare.  You would need to stay on here 3 to 5 months to see for sure.  If you tried this only 8 days to see if we find 10 or more blocks in those 8 days, that may not be enough because it depends on when you entered for those 8 days.  You may have started mining shortly after a day where 2 blocks were just found.  Also, it would take you close to 5 days to reach full payout.  So, if any one tried this pool out to compare it to other pools in terms of payout, you would need to be on here 13 days minimum.  But like I said, that's not giving the pool proper time to compare to a PPS pool.

+1

[d57heinz]

Sorry, everyone will have had a 2 minute drop out there with failover and fail back.

The data centre dropped out for 2 minutes ... I'm chasing them down to find out why.

It does happen to be one of the biggest data centres around ... in Vegas, so it's not like someone pulled the plug ... but anyway everyone has now failed back to kano.is

Edit: the 2 minutes was from 01:14 UTC

Thank you for such impeccable support!!  Also when ya get a chance to look at what we talked about seems my browser updated the pw. Locked out again  fml.. it thinks the otp is a new password for whatever reason.. reset fails with otp activated. By all means I'm not in a hurry as i've got zach's monitor so i can at least see my workers if they go down.  thanks again Kano

Best Regards
d57heinz

[ZACHM]

More Monthly:

Month	Pool Avg PH		BTC/THs/Day
August	2.28		0.0095
July	2.67		0.0103
June	1.06		0.0134
May	1.80		0.0075
April	2.02		0.0086
March	3.45		0.0105
February	3.32		0.0095

[CapnBDL]

Hi kano & ck,

I have been mining here for a while now, & even got lucky and found my 'first ever' block although I have been mining BTC almost from the beginning (2010). Now, it would seem the 'little guy' mining is dead. I run 24/7 using 2 S3+s and 2 rBox110s for ~1.12TH total.

I have come to know and respect both of you for your knowledge, dedication, hard work & experience, so I need some advise. With the pools increase in hashrate and everything occurring with BTC halving, network diff on the rise, etc, I have been contemplating returning to the days of solo mining again.

I would like to hear your thoughts on the matter. "Should I stay or should I go?" (needs music) I want your professional opinion. Give it to me straight. Solo or pool? Why?

Thanks for the good/bad times.

Respectfully,
CapnBDL
    

OK...I see I am gonna get over shadowed by all the Noob questions....so I am quoting myself above. And...Please... this is a question for 'old' friends, so no Noob answers, OK? Really Guys, thanks for the co-op on this one.

Regards!!

[-ck]

Hi kano & ck,

I have been mining here for a while now, & even got lucky and found my 'first ever' block although I have been mining BTC almost from the beginning (2010). Now, it would seem the 'little guy' mining is dead. I run 24/7 using 2 S3+s and 2 rBox110s for ~1.12TH total.

I have come to know and respect both of you for your knowledge, dedication, hard work & experience, so I need some advise. With the pools increase in hashrate and everything occurring with BTC halving, network diff on the rise, etc, I have been contemplating returning to the days of solo mining again.

I would like to hear your thoughts on the matter. "Should I stay or should I go?" (needs music) I want your professional opinion. Give it to me straight. Solo or pool? Why?

Thanks for the good/bad times.

Respectfully,
CapnBDL
    

OK...I see I am gonna get over shadowed by all the Noob questions....so I am quoting myself above. And...Please... this is a question for 'old' friends, so no Noob answers, OK? Really Guys, thanks for the co-op on this one.

Regards!!

Only you can make that call. It's purely a function of how much risk you're willing to take for the potential for more gain. Some people prefer all risk with 100% solo, most prefer steady payouts with little risk, even if they'll never recoup the costs of their hardware, while others point a little at both, or switch from one to the other. Only you can know what risk you're willing to take.

[wolfen]

Hi kano & ck,

I have been mining here for a while now, & even got lucky and found my 'first ever' block although I have been mining BTC almost from the beginning (2010). Now, it would seem the 'little guy' mining is dead. I run 24/7 using 2 S3+s and 2 rBox110s for ~1.12TH total.

I have come to know and respect both of you for your knowledge, dedication, hard work & experience, so I need some advise. With the pools increase in hashrate and everything occurring with BTC halving, network diff on the rise, etc, I have been contemplating returning to the days of solo mining again.

I would like to hear your thoughts on the matter. "Should I stay or should I go?" (needs music) I want your professional opinion. Give it to me straight. Solo or pool? Why?
G
Thanks for the good/bad times.

Respectfully,
CapnBDL
    

OK...I see I am gonna get over shadowed by all the Noob questions....so I am quoting myself above. And...Please... this is a question for 'old' friends, so no Noob answers, OK? Really Guys, thanks for the co-op on this one.

Regards!!

Only you can make that call. It's purely a function of how much risk you're willing to take for the potential for more gain. Some people prefer all risk with 100% solo, most prefer steady payouts with little risk, even if they'll never recoup the costs of their hardware, while others point a little at both, or switch from one to the other. Only you can know what risk you're willing to take.

+1

[Hannu]

Hello,

Wheres my shares?  I have followed info and i have antminer s1 running all the time
I have coinmotion account in Finland

1NCmczeEcL3rrNcRpcXZFYLDuGTNcMe3JD

[ZACHM]

How long have you been mining on kano.is?

[usukan]

HERE IS ONE MORE MOST IMPORTANT INFORMATION

On Kano pool Kano or Ck support is great no word to explain (Sometime i do not understand complete maths but its OK. I have trust in them).

On other pool like ant pool support is equivalent to zero...let me put in other word they will steal your hash power and will tell you to fuck off.

I am putting above lines after having experience with antpool.

If someone want a good support + good BTC + free knowledge this is the place.....


This is my view...i leave rest you guys to decide.

100% agree with you on this. Wish I had landed here a long time ago.

[kano]

Hi kano & ck,

I have been mining here for a while now, & even got lucky and found my 'first ever' block although I have been mining BTC almost from the beginning (2010). Now, it would seem the 'little guy' mining is dead. I run 24/7 using 2 S3+s and 2 rBox110s for ~1.12TH total.

I have come to know and respect both of you for your knowledge, dedication, hard work & experience, so I need some advise. With the pools increase in hashrate and everything occurring with BTC halving, network diff on the rise, etc, I have been contemplating returning to the days of solo mining again.

I would like to hear your thoughts on the matter. "Should I stay or should I go?" (needs music) I want your professional opinion. Give it to me straight. Solo or pool? Why?

Thanks for the good/bad times.

Respectfully,
CapnBDL
    

OK...I see I am gonna get over shadowed by all the Noob questions....so I am quoting myself above. And...Please... this is a question for 'old' friends, so no Noob answers, OK? Really Guys, thanks for the co-op on this one.

Regards!!

Well to state the expected statistics ...

Firstly, you have to consider what the cost is to mine.
Some people rent and others use their miners.

If you rent then you can expect the PPS cost of mining to be greater than the PPS reward.
i.e. a net expected loss.

If you mine with your own hardware, then the cost is a combination of getting the hardware, managing the hardware and electricity cost.
i.e. PPS - cost. Hopefully cost is less than PPS ...

However to put the PPS values into relevant expectation.
If you mine millions of blocks then you would expect:

Code:

 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4

i.e. in the first case, you'd expect to have to break even or worse (100% PPS or more) to get 25BTC for 1 in 2.7 blocks.
i.e. one in a fraction more than 2.7 blocks you find, you are expected to lose

In the second case, you'd expect to have to mine 37.5BTC or more (150% PPS or more) to get 25BTC for 1 in 4.5 blocks.

So when pool mining, you expect long term to get 100% - fees - orphans + txn fees
and same for solo mining.

But with pool mining, if you don't find a block, you get paid your expected proportion, whereas with solo mining you get paid only if you find a block.
Long term they both work out the same, but mining solo is the higher short term risk choice since you can win or lose all

[kano]

Hello,

Wheres my shares?  I have followed info and i have antminer s1 running all the time
I have coinmotion account in Finland

1NCmczeEcL3rrNcRpcXZFYLDuGTNcMe3JD

If you mean the username account on the pool of 'Hannu'?

You never connected to the pool to mine, so you have no shares.
The account also has no payout address.

There is no address mining to 1NCmc... ever connected to the pool either.

I guess next time you show up in IRC using that other name you use we'll have to point you to somewhere that can translate english to finnish http://kano.is/
( though last time I did  tell you to use https://translate.google.com/ )

[yslyung]

2 x block today ? me likey quickie

been moving around n see how does the reduced variance works out.

not looking good atm.

back here for a bit to rebuild the 5dn.

[baazju]

Hate waiting but should have my part in Wednesday to get my hash back up to 6TH.

[Hannu]

How long have you been mining on kano.is?

Somebody says it`s good pool. Im in coffee brake now on workplace...   Couple of days, and i need help with config.
S7 in my mind. Its 180 GH/s S1 in use.

[d57heinz]

Kano,

Have you ever seen the bitcoind give this warning..

WARNING: abnormally high number of blocks generated, 48 blocks received in the last 4 hours (24 expected)

Best Regards
d57heinz

[kano]

Kano,

Have you ever seen the bitcoind give this warning..

WARNING: abnormally high number of blocks generated, 48 blocks received in the last 4 hours (24 expected)

Best Regards
d57heinz

Yep pretty common for the last day or so ...
The discussion I saw on reddit seemed to think it was a one off occurrence, but it's been happening for over a day now ...

One could easily calculate the CDF[Erl] for N blocks having a average difficulty of 50% ...
The reddit discussion seemed to lack any useful statistical knowledge

So N=48 mean=50% assuming no hash rate increase:
http://www.wolframalpha.com/input/?i=CDF%5BErlangDistribution%5B48%2C+48%5D%2C++0.5%5D

Which gives: 0.0000104284 or 0.00104284% chance or 1 in 95892 (about once every 43.76 years)

So clearly the odds are WAY against it being a statistical anomaly since it's still continuing, thus there's at least some hash rate increase related to it ...

[d57heinz]

Kano,

Have you ever seen the bitcoind give this warning..

WARNING: abnormally high number of blocks generated, 48 blocks received in the last 4 hours (24 expected)

Best Regards
d57heinz

Yep pretty common for the last day or so ...
The discussion I saw on reddit seemed to think it was a one off occurrence, but it's been happening for over a day now ...

One could easily calculate the CDF[Erl] for N blocks having a average difficulty of 50% ...
The reddit discussion seemed to lack any useful statistical knowledge

So N=48 mean=50% assuming no hash rate increase:
http://www.wolframalpha.com/input/?i=CDF%5BErlangDistribution%5B48%2C+48%5D%2C++0.5%5D

Which gives: 0.0000104284 or 0.00104284% chance or 1 in 95892 (about once every 43.76 years)

So clearly the odds are WAY against it being a statistical anomaly since it's still continuing, thus there's at least some hash rate increase related to it ...

Ahhh very nice.. Ive been watching the hash we had a heck of a spike just recently. can be seen really nice here.. http://bitcoin.sipa.be/speed-lin-2k.png  Then i goto this page to see who is behind it  http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Will i have to do anything to the wallet im mining to or will it just correct itself. I am seeing that the bitcoind process is using a abnormal high amount of ram. Not sure if that related to mempool. Or just a memory leak. Seems to increase the amount of ram i need slowly over time..currently im at 5.92 Gb of ram for that process. Is that normal?

Best Regards
d57heinz