KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[-ck]

Lot of ppl says Long term wit different calculation but no one showing comparison of past payment of CK pool vs PPS say (F2POOL)

Like this? Bear in mind that PPS pools there is a fixed margin which with 4.5% fee is 95.5% profitability.



Longer term:

[kano]

Sigh - ok, out with the simple facts - that most pools seems to hide, so some people don't even understand it:

Any pool will have an expected reward ... after fees.

--

For PPLNS: from 100% you must adjust down for: 'luck' (orphans and lost blocks) down for 'fees' (pool fees) and up for 'txn rewards' (txn rewards IF they are paid to miners)

PPLNS here is: 100% * 99.1% (pool fee) * 100.8% (avg txn fees for last 11 weeks) * 99.49% (orphans - it's probably better than this)
Orphans is 2 of 392 blocks i.e. 99.49%
So that comes out as: 99.38% - our expected average reward.

That's what you can expect to average here long term.

We've done better - wow ain't that good - will we always do better for every single block? No of course not.

Hey look at the last 25.8 days ... 25 blocks .... and that includes the last 5 days of lousy luck ... 107.48% luck
Nice. But no guarantees about where luck will go tomorrow or the day after.

Hey look at the last 11 weeks ... 50 blocks ... 89.82% ... ouch yep that includes Red October where we had a run of (only) 12 blocks of about 50% Luck

Hey look at the last 19.8 weeks ... 100 blocks ... 101.63% nice.

I see a pattern here ......... there is no pattern.
It's random. This is called variance. This is expected with PPLNS.
If you can't handle the higher long term expected payout, you want your payout today to always be the same but lower, then mine somewhere with PPS

--

For PPS: 100% - fee. That's it, no more calculations.

--

Now for the "I lost out, when will I get it back?" question.

There is no expectation for luck to correct itself. Ever.

Pool luck is always expected to head towards the expected value ... 100% - orphans

It may balance out and fix a bad period, it may balance out and reduce a good period.
But there is actually no statistical expectation for luck to do that.
Expecting that is called Gambler's Fallacy - google it

If you mine here long term, you can 'expect' to get close to the expected value, since long term variance is expected to be low.

If you mine here short term, then luck/variance will be the major factor in how much you are rewarded.

[RealMalatesta]

Now for the "I lost out, when will I get it back?" question.

There is no expectation for luck to correct itself. Ever.

You mean.... the Cult of the Chicken Eaters doesn't really change anything? 

[kano]

Payout 388923 sent
3872f389402836f55cb3f2f92d1a703b33cdd42ae0314f8c14dd7a039a9b2025
and confirmed

[pj40]

Yay, finally got my reply from bitmain on my bad miner and have permission to finally open it up to troubleshoot it.  And they also said try pointing to another pool...pfft, my other one, batch 3 is mining here just fine with no issues.  Figures that the newest miner that uses more power, and provides less hash has problems.  So my weekend will be troubleshooting my miner to hopefully get it back up to full speed here.

[ZACHM]

Noticed an unexpected transfer to my wallet.
Thank you to whoever sent me the BTC!
Much appreciated.  

Nice... btw, off-topic... how did you get "ZACH" on your BTC address? Luck? Buy?
Noticed that Kano has "Kano" in his signature BTC address too!
While I know its purely random this BTC numbers -- how you stumble on to yours?

@citronick

Have a look here @ Vanitygen: Vanity bitcoin address generator
https://bitcointalk.org/index.php?topic=25804.0

Yup Vanitygen!

i would suggest not using the online one, but the link flikflak posted is the source code..
you do have to patch it for newer amd cards.. nasty has a txt at about page 100 or so that has the patch..

it takes about 2-3 days to get a nice 6 letter vanity address.

Depends on video card, I have a Nvidia Geforce 660 Ti (a couple years old).
I ran it for 1 hour and found 4 addresses matching this prefix 1ZZZZZ
So average of 1 every 15 minutes.

[d57heinz]

Kano,

Just happen to check the shifts page and noticed one of the shifts wasnt paid for after the last block.. Or maybe it was.. Im new and not sure if this is normal when we find a block directly after a shift closes,

5ptq5 darkchii    Dec-17 20:16:59   30s            92.357k   2.947k   13.27THs   235   393.01   1           0.00628   19.88%
5ptq3 charlotte   Dec-17 19:32:00   44m 58s   14.057M   18.391k   22.38THs   26.161k   537.34   0   0             0.00%
5ptjt belldandy   Dec-17 18:45:21   46m 40s   14.591M   15.841k   22.38THs   27.310k   534.29   1   0.00628   19.88%

Best Regards
d57heinz

[e46btc]

 d57heinz,

please check at prev page
https://bitcointalk.org/index.php?topic=789369.msg13281317#msg13281317

[aarons6]

i would suggest not using the online one, but the link flikflak posted is the source code..
you do have to patch it for newer amd cards.. nasty has a txt at about page 100 or so that has the patch..

it takes about 2-3 days to get a nice 6 letter vanity address.

Depends on video card, I have a Nvidia Geforce 660 Ti (a couple years old).
I ran it for 1 hour and found 4 addresses matching this prefix 1ZZZZZ
So average of 1 every 15 minutes.

i did mine case sensitive.. took forever but its just luck.. same as solo mining..

[yslyung]

i would suggest not using the online one, but the link flikflak posted is the source code..
you do have to patch it for newer amd cards.. nasty has a txt at about page 100 or so that has the patch..

it takes about 2-3 days to get a nice 6 letter vanity address.

Depends on video card, I have a Nvidia Geforce 660 Ti (a couple years old).
I ran it for 1 hour and found 4 addresses matching this prefix 1ZZZZZ
So average of 1 every 15 minutes.

i did mine case sensitive.. took forever but its just luck.. same as solo mining..

i never had luck using amd cards for vanity gen ... grrrr

aaron u got pm

btw, looks like it's time for block to come this way hopefully before the next diff jump in couple of hours.

i'm very close to 5dn waiting to reap the rewards.

[d57heinz]

d57heinz,

please check at prev page
https://bitcointalk.org/index.php?topic=789369.msg13281317#msg13281317

Thanks seemed to have overlooked that.. I read that post but didnt understand what he meant at that time..

Thanks
d57heinz

[d57heinz]

i would suggest not using the online one, but the link flikflak posted is the source code..
you do have to patch it for newer amd cards.. nasty has a txt at about page 100 or so that has the patch..

it takes about 2-3 days to get a nice 6 letter vanity address.

Depends on video card, I have a Nvidia Geforce 660 Ti (a couple years old).
I ran it for 1 hour and found 4 addresses matching this prefix 1ZZZZZ
So average of 1 every 15 minutes.

i did mine case sensitive.. took forever but its just luck.. same as solo mining..

i never had luck using amd cards for vanity gen ... grrrr

aaron u got pm

btw, looks like it's time for block to come this way hopefully before the next diff jump in couple of hours.

i'm very close to 5dn waiting to reap the rewards.

hey Captminer,

I have all the links and resources i used to get it to work on my hd7970. it would hash at 25.2 mil keys a sec.  If you have amd still and want to give it a shot again i can give ya the links.. I used it for my addy here
1D57HeinZbBcBejL6Vp5pwEWsXfyHYUu4o

I didnt set it as case sensitive thats why its upper and lower case.. i tried it and it jumped my time to find to over a year lol

Best Regards
d57heinz

[bctmke]

Sigh - ok, out with the simple facts - that most pools seems to hide, so some people don't even understand it:

Any pool will have an expected reward ... after fees.
...

It may balance out and fix a bad period, it may balance out and reduce a good period.
But there is actually no statistical expectation for luck to do that.
Expecting that is called Gambler's Fallacy - google it

If you mine here long term, you can 'expect' to get close to the expected value, since long term variance is expected to be low.

If you mine here short term, then luck/variance will be the major factor in how much you are rewarded.

I feel like i've seen this posted before to this thread.  It never hurts to toss it out there every 100 pages or so as you get new miners.

[clgrissom3]

Sigh - ok, out with the simple facts - that most pools seems to hide, so some people don't even understand it:

Any pool will have an expected reward ... after fees.
...

It may balance out and fix a bad period, it may balance out and reduce a good period.
But there is actually no statistical expectation for luck to do that.
Expecting that is called Gambler's Fallacy - google it

If you mine here long term, you can 'expect' to get close to the expected value, since long term variance is expected to be low.

If you mine here short term, then luck/variance will be the major factor in how much you are rewarded.

I feel like i've seen this posted before to this thread.  It never hurts to toss it out there every 100 pages or so as you get new miners.

This should be a disclaimer on the registration page with a "Check Here to Acknowledge and Accept" requirement to register on the pool.

[ZACHM]

Depends on video card, I have a Nvidia Geforce 660 Ti (a couple years old).
I ran it for 1 hour and found 4 addresses matching this prefix 1ZZZZZ
So average of 1 every 15 minutes.

i did mine case sensitive.. took forever but its just luck.. same as solo mining..

Yeah, mine was case sensitive.

hey Captminer,

I have all the links and resources i used to get it to work on my hd7970. it would hash at 25.2 mil keys a sec.  If you have amd still and want to give it a shot again i can give ya the links.. I used it for my addy here
1D57HeinZbBcBejL6Vp5pwEWsXfyHYUu4o

I didnt set it as case sensitive thats why its upper and lower case.. i tried it and it jumped my time to find to over a year lol

Best Regards
d57heinz

The Nvidia GeForce 660Ti gives me 28.5 mil keys per sec.

If I do the same 1ZZZZZ but case insensitive I get roughly 1 address every minute.

[Real-Duke]

Yeah first block after increased difficulty 

[clgrissom3]

Yeah first block after increased difficulty  

That's a good sign!

bitminerpro is on a roll!  Way to go!

[BannedDK]

lets pray for a lucky run now!

[PPOC]

Yeah first block after increased difficulty 

Sounds like this Diff is going to be a lucky one for us! Nothing like tackling a new higher diff with the first block of that diff. I've always thought that the first block of a UTC day by a pool signals a good day for that pool. I know it's all BS but why not....

[Real-Duke]

And it goes on and on 

Bitcoin Difficulty:    93,448,670,796
Estimated Next Difficulty:    108,641,439,562 (+16.26%)
Adjust time:    After 2013 Blocks, About 14.1 days