KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2436 blocks

[kano]

They're operating 1.5PH of hashing power so they're no dummies like me when it comes to the math.  It's more of a hedge.  Pass performance does not guarantee future results is what they will say, but I'm selling it based on the community / developers.  So far they have committed 200TH out of the 1.5PH, I'm pretty certain the rest will come once they see the results for sure.  Right now they are just testing the tools and functionalities.  My project is supposed to support the next 500TH expansion but I seem to have the worst of luck when it comes to this ever lasting POWER upgrade delays.   Been Pitching ZACHM's tools, they like that.  

P.S Stay tune for my 3D printed project. Some very cool work on Exhaust fan cooling and customization.  We need to get Kano to be at least 10% of the network, so that we can help do our part on the decentralization even though it's just a fraction.  Bitcoin will be worthless if it's just controlled by 1 group.

Well if they are mining PPS elsewhere, then the simple answer is that indeed, on PPLNS it's expected results vs PPS fixed results.
With PPS, yes they would have a fixed result but that would, of course, be lower than the expected result here.

If, however, you are comparing PPLNS to PPLNS, then the pool size here now is large enough that the variance should be negligible for anyone except on rare occasions for someone who has to pay their electricity bill more than once a week

(Edit: just to put that into perspective: the pretty bad luck we had in 'red october' of around 50% luck for 12 blocks over 31 days, would now equate to about 5-6 days of 50% luck, due to the increase in the size of the pool. As the pool grows, that 5-6 number will continue to decrease)

The advantage here is that the expected results are high due to:
1) Pool fee is only 0.9%
2) Reward includes all txn fees, and over the last 100 blocks that has more than covered the pool fee (101% txn fee average)
3) Pool orphans/lost blocks are, currently, 2 out of 463 or 0.43%, and considering our block change times, it seems the actual expected % could even still be lower

Using those 3 numbers you get an expected reward of 101.0% * 99.1% * 99.57% = 99.66%
(completely ignoring block finding luck)

Of course block finding luck is just that, luck, and past luck has no effected on future luck,
however, the fact that we have had, long term, greater than 100% luck means the rather important point, that the pool itself is not at fault causing negative luck
What do I mean by this? Well simply that if we had a year of bad luck (e.g. low 90's%) , it's gonna be pretty hard to explain that with statistics even with a pool the size we've had over the past year (let alone with a larger pool); instead, such long term bad luck would really suggest that there is something wrong with the pool.
However, that hasn't been the case. Not only have we been well above the low 90's% and thus well within acceptable results for luck, we've been above 100%, suggesting quite clearly that there's nothing in the way the pool works holding back luck.

Yes we've had periods of good and bad luck, and as stated before, the effect on rewards of the bad (and good) luck has been reduced by the pool's growth, but even as we have grown, we've seen no problems with luck changing over the month or 2, it's just continued to be random as before, and fortunately, better than expected

[1715578186]

1715578186

[1715578186]

1715578186

[Biodom]

They're operating 1.5PH of hashing power so they're no dummies like me when it comes to the math.  It's more of a hedge.  Pass performance does not guarantee future results is what they will say, but I'm selling it based on the community / developers.  So far they have committed 200TH out of the 1.5PH, I'm pretty certain the rest will come once they see the results for sure.  Right now they are just testing the tools and functionalities.  My project is supposed to support the next 500TH expansion but I seem to have the worst of luck when it comes to this ever lasting POWER upgrade delays.   Been Pitching ZACHM's tools, they like that.  

P.S Stay tune for my 3D printed project. Some very cool work on Exhaust fan cooling and customization.  We need to get Kano to be at least 10% of the network, so that we can help do our part on the decentralization even though it's just a fraction.  Bitcoin will be worthless if it's just controlled by 1 group.

Well if they are mining PPS elsewhere, then the simple answer is that indeed, on PPLNS it's expected results vs PPS fixed results.
With PPS, yes they would have a fixed result but that would, of course, be lower than the expected result here.

If, however, you are comparing PPLNS to PPLNS, then the pool size here now is large enough that the variance should be negligible for anyone except on rare occasions for someone who has to pay their electricity bill more than once a week

The advantage here is that the expected results are high due to:
1) Pool fee is only 0.9%
2) Reward includes all txn fees, and over the last 100 blocks that has more than covered the pool fee (101% txn fee average)
3) Pool orphans/lost blocks are, currently, 2 out of 463 or 0.43%, and considering our block change times, it seems the actual expected % could even still be lower

Using those 3 numbers you get an expected reward of 101.0% * 99.1% * 99.57% = 99.66%
(completely ignoring block finding luck)

Of course block finding luck is just that, luck, and past luck has no effected on future luck,
however, the fact that we have had, long term, greater than 100% luck means the rather important point, that the pool itself is not at fault causing negative luck
What do I mean by this? Well simply that if we had a year of bad luck (e.g. low 90's%) , it's gonna be pretty hard to explain that with statistics even with a pool the size we've had over the past year (let alone with a larger pool); instead, such long term bad luck would really suggest that there is something wrong with the pool.
However, that hasn't been the case. Not only have we been well above the low 90's% and thus well within acceptable results for luck, we've been above 100%, suggesting quite clearly that there's nothing in the way the pool works holding back luck.

Yes we've had periods of good and bad luck, and as stated before, the effect on rewards of the bad (and good) luck has been reduced by the pool's growth, but even as we have grown, we've seen no problems with luck changing over the month or 2, it's just continued to be random as before, and fortunately, better than expected

I actually quite agree, but I think that it is good that you caution the "enthusiasts" that there could be a 2 mo period of bad luck (like it was in Oct-Nov).
I might join the pool (or to be exact, change pool priorities) very soon, but some people are pronouncing that it will have the 104% luck forever due to non-luck factors.
I would be very happy with 100 and even 99.5%, honestly.
What I wouldn't want to happen is pool-hoppers jump in en masse, then leave during 2mo potential "difficult" period (which might not come in the foreseeable future).
I feel that more talk/eduation on the matter is needed.

[kano]

Just reposting the edit I added above:

Edit: just to put that into perspective: the pretty bad luck we had in 'red october' of around 50% luck for 12 blocks over 31 days, would now equate to about 5-6 days of 50% luck, due to the increase in the size of the pool. As the pool grows, that 5-6 number will continue to decrease

[nhando]

Biodom and Kano - Very well put!


Kano - Can you find out why my account nhando1977 is still sending money to my Coinbase when I change the Wallet a long time ago?

For Nbiz account, it didn't even deposit.  If this is not the right place to discuss this, please PM me.

[kano]

Biodom and Kano - Very well put!


Kano - Can you find out why my account nhando1977 is still sending money to my Coinbase when I change the Wallet a long time ago?

For Nbiz account, it didn't even deposit.  If this is not the right place to discuss this, please PM me.

It sends it to the address you have at the exact time the block was found.

--

Payout 394665 sent
99634408da58c5f84d40d7c57c687037c3841d325343092aaf16a5d059bad964
and confirmed

[baazju]

Blocky blocky!

[winspiral]

Blocky blocky!

nice to see it...
by the way...
I have mined with this pool 30000 satoshi now...

Kano ...do not forget it...

[kano]

Blocky blocky!

nice to see it...
by the way...
I have mined with this pool 30000 satoshi now...

Kano ...do not forget it...

I don't have to remember it ... the pool does.

[helipotte]

logged in to a BLOCK!  That's nice.

[masterwolf]

Nice, 4th in 24h

[VRobb]

Thanks to cvokey and the s7 that just hit a nice lucky block!  Another good weekend of blocks from  kano ckpool!
Keep calm and mine on  

[clgrissom3]

Thanks to cvokey and the s7 that just hit a nice lucky block!  Another good weekend of blocks from  kano ckpool!
Keep calm and mine on  

Way to go cvokey!  Another medium sized member with 23THs getting into the action at Kano CKPool!

[Matias]

posted  a poll on 2  pools https://bitcointalk.org/index.php?topic=1338693.0


I did some math and decided to post the poll on  pools  should be fun to see what happens with it.


The math in favor of kano.is vs antpool is huge  

about 104.4 for kano vs 97.5 for antpool

@ kano if I have wrong info in the poll on pool  thread let me know.

I think you got Antpool's fee wrong. More on appropriate thread.

[baazju]

Hmm block while I was at the gym two days in a row... I need to workout more!

[nhando]

Hmm block while I was at the gym two days in a row... I need to workout more!

Leave the Gym and come back 4 more times today baazju.  Thanks

[kano]

Payout 394735 sent
9c7d126f79f6e956c8de771fe585b3f6159f5df40fbccf1c3c33cdca0e853095
and confirmed

[nhando]

Another BLOCK!!!  Baazu, did you just go back to the Gym?

[kano]

Another BLOCK!!!  Baazu, did you just go back to the Gym?

And also awesome, a miner with ~8THs

[Gornidah]

Congrats ykplayer8

[baazju]

I can't take credit for that block, it was all ykplayer8! Congrats on the find!!!