KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2437 blocks

[vg54dett]

Yes it is from that page I noticed the color.

But I don't understand what it means to have a bad luck in solving a block ... Does it means the miner is slower than expected or something like that ?
(newbie question)
I was thinking that a S3 solving a block today was a lucky thing.

[Legacy2005]

Yes it is from that page I noticed the color.

But I don't understand what it means to have a bad luck in solving a block ... Does it means the miner is slower than expected or something like that ?
(newbie question)
I was thinking that a S3 solving a block today was a lucky thing.

an s3 solving a block is rare but thats why its called luck.

trying to solve a block is a race. the first pool to guess the # right wins. trying to solve these numbers is a brute force attack basically. lots of trial and error.

edit: look up a guy called andreas antonopoulos on the utube. he does some good videos that explain bitcoin really well.

[philipma1957]

Yes it is from that page I noticed the color.

But I don't understand what it means to have a bad luck in solving a block ... Does it means the miner is slower than expected or something like that ?
(newbie question)
I was thinking that a S3 solving a block today was a lucky thing.

Insanely lucky for your s3  at 500gh

but our entire pool is  35ph  so not so lucky for the pool.


our full pool is 70,000 x your 1 s-3 

[Legacy2005]

rentals are cheap today boys. get them while you can.

[clgrissom3]

Hi guys,
I have an S3 that solved a block at the yesterday party.
The luck color is dark red at the blocks page in kano's statistics.
Could someone explain me what does it mean ?

It's not a reflection of your S3, it's all about the expected solve percentage relative to the previous block.  The middle or expected solve time is 100% which is black.  Less than 100% goes faster, is considered more lucky, and it goes towards the green colors.  More than 100% takes longer, is considered less lucky, and goes towards the red colors.  It just gives us a visual way to see how long a block solve takes relative to the last block solved.  We basically always want to see all blocks solved at 100% or less in time  

Edit:  Actually, the red blocks are the most important blocks on the chart because if no one ever hit those long blocks we would just be stuck with no blocks at all!

[firetreeactual]

Hi guys,
I have an S3 that solved a block at the yesterday party.
The luck color is dark red at the blocks page in kano's statistics.
Could someone explain me what does it mean ?

It's not a reflection of your S3, it's all about the expected solve percentage relative to the previous block.  The middle or expected solve time is 100% which is black.  Less than 100% goes faster, is considered more lucky, and it goes towards the green colors.  More than 100% takes longer, is considered less lucky, and goes towards the red colors.  It just gives us a visual way to see how long a block solve takes relative to the last block solved.  We basically always want to see all blocks solved at 100% or less in time  

Edit:  Actually, the red blocks are the most important blocks on the chart because if no one ever hit those long blocks we would just be stuck with no blocks at all!

That's a really good, concise explanation. Mahalo!

[kspare]

rentals are cheap today boys. get them while you can.

Rentals from where? I have zero experience with rentals and trying to figure that piece out, I normally just mine with 4 S7's

[philipma1957]

rentals are cheap today boys. get them while you can.

Rentals from where? I have zero experience with rentals and trying to figure that piece out, I normally just mine with 4 S7's

I use nicehash/westhash

if you need help you can pm me

[clgrissom3]

Hi guys,
I have an S3 that solved a block at the yesterday party.
The luck color is dark red at the blocks page in kano's statistics.
Could someone explain me what does it mean ?

It's not a reflection of your S3, it's all about the expected solve percentage relative to the previous block.  The middle or expected solve time is 100% which is black.  Less than 100% goes faster, is considered more lucky, and it goes towards the green colors.  More than 100% takes longer, is considered less lucky, and goes towards the red colors.  It just gives us a visual way to see how long a block solve takes relative to the last block solved.  We basically always want to see all blocks solved at 100% or less in time  

Edit:  Actually, the red blocks are the most important blocks on the chart because if no one ever hit those long blocks we would just be stuck with no blocks at all!

That's a really good, concise explanation. Mahalo!

Thanks Elaine...Mahalo!

[vg54dett]

Thanks for the answers !

[dance191]

I'm not interested in increasing fees.
I am still looking into china node options.
... as long as they are reliable and don't charge silly fees - then they are an option.
I've tried a few so far and each time I find I'm dealing with morons
Still looking ...

As for trying to entice larger miners with reduced fees ... well ... that's already the case - our fees are the lowest for any medium/large pool since we include all the transaction fees also.
I avoid saying this as much as possible, but yeah luck here is good ... who knows if that will continue ... it has only averaged good for 1.5 years so far ... ... ...

Meanwhile ... yay 12 blocks in 1 day + 16 minutes ... and the hash rate is ... at the low end of the 30-40PH range ... oh well
We've had the hash rate at the high end of that 30-40PH range, so it's not like no one knows about the pool ...
(the 52PH high was from a failover)

kano - have you tried HK node instead - not sure if HK is spared of GFW being a business hub.

btw, I counted 6 orphans since birth of kano.is, 6 out of 792 blocks is miniscule so those orphan races will always be there - whats important is blocks and random luck factor, no?

Yes we have an HK node.

Yes the 6 orphans is small, but making it smaller would of course be better

Though indeed, looking at the pool luck, just, e.g. the last 250 blocks, of those 250, 111.56% means that we found 25.9 extra blocks i.e. we expected on average to find 224.1 blocks, but found an extra 25.9 (224.1 * 111.56% = 250)
So indeed the luck so far has WAY over-compensated for the very low orphan rate.

Meanwhile ...
I felt the urge to record this for posterity ... until we reach that mark
Click for bigger:

Sorry if it sounded like I was saying the pool had a high amount of orphans, that is certainly *not* something I believe.  I was just trying to bring up the possibility that there could be times where it might be very expensive for Kano to pay for improvements/equipment/whatever at the pool.  However, if the pool paid for the improvements, the benefits could outweigh the cost.  If an improvement cost $1,000 per month and brought in $2,000 more a month, it would be smart for the pool to pay for it, but insane for Kano to pay for it.  I just want to deal with any situations that might fit that description.  He was talking about getting some more equipment behind the GFW and I could see him footing the bill for things like that being relatively expensive for him to pay for, but a great deal for the pool to pay for.

Overall, Kano has done an amazing job.  I just want to make sure he has all the support he can use.  Especially when other people are talking about he should reduce his fees, that is nonsense.

[Crispyato]

Look at that freaking pool distro chart!  We are above bw.com who is over 90PH!  Almost to bitfury and their 12PH containers with chips they won't share.  You can always tell the best pool by the size to distro ratio IMO.  We have had that top spot for months.  That means here you are getting the best bang for your coin.  Top of the hill

[tlhIlwI]

rentals are cheap today boys. get them while you can.

I'm not sure 0.0027/0.0028 is cheap anymore after the diff change (I'm showing those as 0% and -1% after the fee).  We've pretty much adjusted downward to match what 0.0029 and 0.0030 were.  I did get a few 0.0026 bites today, but they were brief.

I ran the numbers on my rentals and I'm now up BTC0.76 since I began!    Nice!

[philipma1957]

rentals are cheap today boys. get them while you can.

I'm not sure 0.0027/0.0028 is cheap anymore after the diff change (I'm showing those as 0% and -1% after the fee).  We've pretty much adjusted downward to match what 0.0029 and 0.0030 were.  I did get a few 0.0026 bites today, but they were brief.

I ran the numbers on my rentals and I'm now up BTC0.76 since I began!    Nice!

0.0027    is  just under  the correct number

but reality is if you base your figures on kano pools  life time record

take 0.002727 x by 1.0841 = 0.002956    thus in theory  a play on 0.0027 0.0028 or 0.0029  all are good.

of course  lower is better.
this screen shot shows .

1.0  th  which is the fee less number
0.969 th which is the after fee number.


There are 2 more factors the contest prize chance of hitting low cdf and the contest prize chance of hitting high cdf.
Both have a value for your rental price.

But the math is more complicated.
You also  need to be under the cut off of 250th to qualify for it.

 

[TheYankeesWin!]

What is the math for the low cdf and the high cdf prize chances? If we are in a high cdf block  is it worth it to play 0.0030?

[dmwardjr]

CG drawing is a very different creature.
My ones are done by first doing the outline (vectoring) of the objects then colouring and shading and touching up and adding effects ... in graphic layers.
... and you can cheat ... undo

Though, that's not all that different in concept to how one would normally draw a picture, work out scales with basic curves and lines and then go into details.
But vectoring it on a computer is indeed very different.
I do have a graphics tablet but only once ever tried to use it.
The mouse wins for me.

But whatever you find easiest is of course best - vector drawing like I've done is so different that it takes quite a while to work out how to do it.

I did about one of those pics per week for a couple of years and got better as time went on.
Here's a simple one - this is where I 'extracted' the green eye from for the top left on the web site.
I liked drawing anime eyes
http://kano-kun.net/a/Aki-chanCh5Pg122.png
The basics of how I start is like this:
http://kano-kun.net/a/Aki-chanCh5Pg122-Lines.jpg
Vectored over an original (usually crappy scan quality due to the low quality of some manga paper) B&W manga image.

Thank you for taking the time to provide the insight with links and examples, Kano.  Much appreciated!!!

I have looked into it a bit more and decided the Apple Pencil with iPad Pro and an App called "ProCreate" is the way to go for me personally.

Videos of Manga art with iPad Pro and ProCreate:

https://www.youtube.com/watch?v=zgLzwKIODvY
https://www.youtube.com/watch?v=VMA25CqKcn8
https://www.youtube.com/watch?v=NmRzenbe6rc

I will probably get the Apple pencil with Apps for the iPad Pro Friday or Saturday.

[philipma1957]

What is the math for the low cdf and the high cdf prize chances? If we are in a high cdf block  is it worth it to play 0.0030?

Okay  if you are in the spot of a high cdf block  you can see it is there.

So if you hit a block you do become the leader of high cdf at that moment in time.

This means you  have a 50-50 chance of winning the avalon 6 if it holds up.

Lazy math is  1st prize = 1btc  (sadly  the price of a sale of one used  is that low now)     second prize = .1 btc total =    0.55 btc   added value


Obviously that leaves out that you can later lose that high cdf.  So for arguments sake  lets say added value in a high cdf spot is 0.5 btc  could be higher at most  if you want to say it is

.6 because it is new. Fine

So  if I rent at .0030   I am due   back about a 98.5 % return.

So a coin  should get back .985 btc    I should lose .015 btc  going for the high cdf.  

I would suggest   that is too high to pay.

but

spend .1 btc on a .0030 rental  loses on average  .0015 btc
spend .1 btc on a .0031 rental  loses on average  .0046 btc

the chance of hitting a block with a .1 rental is about 1 in 250

.6 btc divide by .0015 btc        thats about 400 to 1 payoff.
.6 btc divide by .0046 btc        thats about 130 to 1 payoff


So if you qualify for the prize since you are an under 250th guy      playing .1 btc at .0030  is still a decent move.

Ie the math is in your favor.  an do not forget when you are renting .1 btc  at say 200th  you get around 4 hours.  if you do this when we are at a high cdf spot  you could get silly lucky and hit back to back blocks  thus leading  in low and high cdf.  (the odds are higher then 62,500)


So based on past performance .   In a high cdf spot you can play up to 1 btc at 0.0030  and still not be betting at 'bad' odds.  

This does not mean you will make a dime  it just means the odds are not against you.

[tlhIlwI]

0.0027    is  just under  the correct number

but reality is if you base your figures on kano pools  life time record

take 0.002727 x by 1.0841 = 0.002956    thus in theory  a play on 0.0027 0.0028 or 0.0029  all are good.

of course  lower is better.
this screen shot shows .

From my spreadsheet, I use =24/(Difficulty*2^32/10^12/60/60)*25 for the BTC rate, which currently gives 0.00281463.  Yeah, that formula could be greatly simplified, but you get the idea.

To make the math easier I mostly figure the pool fee and earned transaction fees to cancel each other out to within a few tenths of a %.  That leaves me:
Nicehash 0% = 0.00281463*0.97=0.002730191 (0.0027)

Similar results.  I too am now using a long term 107% number, though I do notice that is trending upward.

I have fixed orders at 0.0028 and 0.0027 to anchor a good spot in the order queue, and I have several floating orders that my bot moves up/down between 0.0025 and 0.0030 to maintain a average rate.

There are 2 more factors the contest prize chance of hitting low cdf and the contest prize chance of hitting high cdf.
Both have a value for your rental price.

But the math is more complicated.
You also  need to be under the cut off of 250th to qualify for it.

At 0.27% of the pool for 90TH, I have a 1 in 370 chance of being a block finder.  Assuming about 150 blocks per month (1 in 75 chance of a block find hitting a prize), that is a (1/370) * (1/75) [a.k.a. 1/370/75] = 0.0036% chance of hitting a prize (1 in 27,750).  That is the back of the envelope version.  I don't really consider those odds into any of my decisions.

[philipma1957]

From my spreadsheet, I use =24/(Difficulty*2^32/10^12/60/60)*25 for the BTC rate, which currently gives 0.00281463.  Yeah, that formula could be greatly simplified, but you get the idea.

To make the math easier I mostly figure the pool fee and earned transaction fees to cancel each other out to within a few tenths of a %.  That leaves me:
Nicehash 0% = 0.00281463*0.97=0.002730191 (0.27)

Similar results.  I too am now using a long term 107% number, though I do notice that is trending upward.

I have fixed orders at 0.0028 and 0.0027 to anchor a good spot in the order queue, and I have several floating orders that my bot moves up/down between 0.0025 and 0.0030 to maintain a average rate.



At 0.27% of the pool for 90TH, I have a 1 in 370 chance of being a block finder.  Assuming about 150 blocks per month (1 in 75 chance of a block find hitting a prize), that is a (1/370) * (1/75) [a.k.a. 1/370/75] = 0.0036% chance of hitting a prize (1 in 27,750).  That is the back of the envelope version.  I don't really consider those odds into any of my decisions.

but if you increase to 180 th only during  a high cdf spot   the math helps much better to win high cdf  then the  steady flat number of 90th.

I have 25th-28th  in real gear here. It stays.

  I spot rented on some  of the  high cdf blocks below.


752   406348   25.49482709   2016-04-08 21:00:35+00   Matured   578,233,238,077   346.556%   0.969   36 - I got 6 blocks on this rental

745   406042   25.38250979   2016-04-06 17:05:10+00   Matured   432,475,516,451   259.198%   0.925   43 - no spot mining

736   405758   25.35573784   2016-04-04 20:24:36+00   Matured   824,764,252,251   494.310%   0.993   52 -- I got 10 blocks on this rental

726   405383   25.35108456   2016-04-02 08:12:57+00   Matured   424,062,913,997   254.156%   0.921   62 -- no spot mining


this is our high cdf guy below


Block #745 e46btc with a CDF of 0.925 (259.198%) at 2016-04-06 17:05:10 UTC


If we get to 250%  I will spot rent again.

The high cdf part of the game really is cool as it does encourage more rentals from a guy in the 1th to 100th range

the low cdf is also clever as it discourages insanity at playing too much during a high cdf spot.

I believe this is why kano has both prizes.  Note I pulled my quotes out as kano does not like tons of quotes.

[Crispyato]

Somebody maybe eat some chicken...magic restart?