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

[vh]

I see in order to keep my income levels compared to earns on antpool i should receive at least 1 block per machine, so: 6 blocks a day... Bad day today for us!

Look past the daily variance at a little longer time period than one day.   Wait a bit and put one week / two week of payouts into an excel file and average.


On the blocks page, pick a stats row.   Construct the earning sentence like this:

If I had mined here for the last [Time] days I would earn close to [Luck %] of the theoretical equipment earnings.

ex:
Description   Time   MeanTx%   Diff%   Mean%   CDF[Erl]   Luck%
Last 50 Blocks   10.4days   101.5%   88.48%   88.47%   0.2116   113.03%
Last 100 Blocks   25.4days   101.4%   98.73%   99.48%   0.4924   100.53%
Last 250 Blocks   8.4wks   101.3%   94.23%   94.14%   0.1779   106.22%

If I had mined here for the last 10.4 days I would earn close to 113% of the theoretical equipment earnings.
If I had mined here for the last 25.4 days I would earn close to 100% of the theoretical equipment earnings.
If I had mined here for the last 8.4 wks I would earn close to 106% of the theoretical equipment earnings.

pps pools that pay regularly like the one you mention is fixed @ about 92-96% of theoretical.

[yvcea]

I see in order to keep my income levels compared to earns on antpool i should receive at least 1 block per machine, so: 6 blocks a day... Bad day today for us!

Look past the daily variance at a little longer time period than one day.   Wait a bit and put one week / two week of payouts into an excel file and average.


On the blocks page, pick a stats row.   Construct the earning sentence like this:

If I had mined here for the last [Time] days I would earn close to [Luck %] of the theoretical equipment earnings.

ex:
Description   Time   MeanTx%   Diff%   Mean%   CDF[Erl]   Luck%
Last 50 Blocks   10.4days   101.5%   88.48%   88.47%   0.2116   113.03%
Last 100 Blocks   25.4days   101.4%   98.73%   99.48%   0.4924   100.53%
Last 250 Blocks   8.4wks   101.3%   94.23%   94.14%   0.1779   106.22%

If I had mined here for the last 10.4 days I would earn close to 113% of the theoretical equipment earnings.
If I had mined here for the last 25.4 days I would earn close to 100% of the theoretical equipment earnings.
If I had mined here for the last 8.4 wks I would earn close to 106% of the theoretical equipment earnings.

pps pools that pay regularly like the one you mention is fixed @ about 92-96% of theoretical.

Thank you! nice sentence construction to understand not just what luck means in the past, but to understand i was wrong about earnings concept on other pools.
Another important think is to keep in mind, no past luck has any kind of indication or prediction of what our pool luck will be in the net block.

Thank you!

[yvcea]

I see in order to keep my income levels compared to earns on antpool i should receive at least 1 block per machine, so: 6 blocks a day... Bad day today for us!

Look past the daily variance at a little longer time period than one day.   Wait a bit and put one week / two week of payouts into an excel file and average.


On the blocks page, pick a stats row.   Construct the earning sentence like this:

If I had mined here for the last [Time] days I would earn close to [Luck %] of the theoretical equipment earnings.

ex:
Description   Time   MeanTx%   Diff%   Mean%   CDF[Erl]   Luck%
Last 50 Blocks   10.4days   101.5%   88.48%   88.47%   0.2116   113.03%
Last 100 Blocks   25.4days   101.4%   98.73%   99.48%   0.4924   100.53%
Last 250 Blocks   8.4wks   101.3%   94.23%   94.14%   0.1779   106.22%

If I had mined here for the last 10.4 days I would earn close to 113% of the theoretical equipment earnings.
If I had mined here for the last 25.4 days I would earn close to 100% of the theoretical equipment earnings.
If I had mined here for the last 8.4 wks I would earn close to 106% of the theoretical equipment earnings.

pps pools that pay regularly like the one you mention is fixed @ about 92-96% of theoretical.

BTW another question comes to my mind: even using that pool with no fees and PPNLS mode?

[kano]

Firstly, posting the block history of another pool is pointless (I deleted it)

Ignoring the fact that you are posting about another pool there and nothing else:
A pool that finds more blocks than another pool means zero with regards to long term reward, unless the smaller pool doesn't find a few blocks each diff rise.

A pool that finds more blocks will have lower expected variance.

However, the reward you get will be dependant upon 4 things:
1) Fees
2) Pool random luck.
3) Pool management of block changes (and block distribution)
4) Pool management of withholding miners.

Only one of those is out of the pool's control. "2)"

--

Edit: PPS is expected to pay you less for 2 extra reasons:
1) The fees on a PPS pool must be higher to avoid the risk of the pool going broke.
There's a document about that requirement of higher fees, by the other stats guy: Meni ... something (I can't remember his exact name )

2) The reward doesn't include transaction fees, which here seems to average over 1% quite well, for quite a while ... as the block stats shows.

[organofcorti]

Edit: PPS is expected to pay you less for 2 extra reasons:
1) The fees on a PPS pool must be higher to avoid the risk of the pool going broke.
There's a document about that requirement of higher fees, by the other stats guy: Meni ... something (I can't remember his exact name )

2) The reward doesn't include transaction fees, which here seems to average over 1% quite well, for quite a while ... as the block stats shows.

Meni Rosenfeld. He has a couple of good papers: http://arxiv.org/find/all/1/all:+AND+meni+rosenfeld/0/1/0/all/0/1

but this one is about pooled mining reward methods: http://arxiv.org/pdf/1112.4980v1.pdf

The date is correct. Pooled reward methods were investigated a long time ago, which is why it frustrates me (and kano and everyone else who has been here for a while) to see the same fallacies come up so regularly .

[Crispyato]

I think you just consider the basics new guy.  Kano pool your gonna have some good luck at a size where your piece of the pie is nice.  Large PPS pool its never much more than estimated.  The lucky days make up for the bad days and you have a potential some very lucky days in Kano.  Sometimes those lucky days are pretty close together and you make WAY more than could ever make mining PPS.  If frequent payments make you feel safer go mine PPS.  IMO No risk, no reward.  The more guarantee you have of frequent payment, the lesser the chance of higher earnings.  Plus one HUGE benefits of Kano, 5nd.  If there is a blackout after you held through some bad luck and the blocks pour in while you are down.  You will still be getting a nice percentage of what you put in.  I can't tell you how many times I was mining Slush and the power went out I lost much needed pay for power.  CGminer devs and a responsive Pool operator.  Check organofcorti links and read his blog. If don't wanna do that look at your test results.  In 2012 I used to assess a pool pointing my miners there for 1 week.  You need at least a month these days.  Just whatever you do think about all the factors to make your comparison.  If I am in one club and I go join another.  I'm not going to raise my hand and say " hey guys the results here are not as good in one day as this other one I was in..."  You can look at last 50, 100 blocks or whatever.  Those won't determine what the next 50 or 100 will be.  Go read some back organofcorti pool reports to get an idea, but things always change so maybe use better judgment factors.  Trust is #1 in pool picking IMO.  Kano and ck are pretty rad smart and trustworthy.  

organofcorti it was cool to see your reports used in Forbes...

[citronick]

Meanwhile..... dreamer's block after 9 hours.... only +39 confirms..... must be a slow day at BTC mountain.
I recall we did have a similar slow confirm condition awhile back, not often but when it comes, it's slow as snail.
Is there any technical reasons for slow confirmations or is it just a slow day overall.

[wolfen]

Looks like antpoo luck has gone vertical DOWN.
Lower than it has been since January.
Screaming down.

[philipma1957]

Meanwhile..... dreamer's block after 9 hours.... only +39 confirms..... must be a slow day at BTC mountain.
I recall we did have a similar slow confirm condition awhile back, not often but when it comes, it's slow as snail.
Is there any technical reasons for slow confirmations or is it just a slow day overall.

Well a large data center /farm could be down for repair or retooling.
But look at the network on the chart below.

2,200ph peak on the 23rd  now 1,200ph on the 26th

That is an amazing swing in hash rate.

[citronick]

BLOCK!!

Mr Mr/Mrs/Miss 17 again - thumbs up!

[wolfen]

I looked away for one second...
Good day.
antpoo had 11 hours with no block in their last 9 blocks.

[clgrissom3]

I see in order to keep my income levels compared to earns on antpool i should receive at least 1 block per machine, so: 6 blocks a day... Bad day today for us!

My 3x S7 stock no OC, on ckpool from 15/4/2016 to 26/5/2016 hit Total 167 blocks Earned BTC 1.58213635 = 42 days earn avg BTC0.03766991/ day, each S7 earn avg BTC0.01255664 /day, = about BTC0.00265468 / THs

earning is above the 100% expected average 0.00258894 BTC/TH/Day ( base on clgrissom3 info).

can you share your earning at antpool for comparison?

I think ckolivas was on to something here...I think someone has been doing a block withhold resubmit unattack on us over the past 2 days...our luck has been too good! LOL 

EDIT: Most definitely all the rats and rentals will start jumping back on when they see the crazy performance we're having now! 

EDIT2:  Update...the 100% expected average is 0.00258894 BTC/TH/Day and the Kano CKPool is now at an average of 0.00276803 BTC/TH/Day.

That would put us at 106.92% for May as of that 8th block! 

I get the expected results from any of the profit calculators like http://www.coinwarz.com/calculators/bitcoin-mining-calculator where I use 1000 as the Hash Rate for 1THs and look at the calculated Daily value.  This will change every time the difficulty changes as it just did on the 24th.  The expected value is now 0.00252325 BTC/TH/Day which is lower than what I posted above.   

[clgrissom3]

Block by 17JVLWMAk with that 11PH of Avalon iron!  He is now at 12 Kano Blocks and moving up the ladder!  

[Legacy2005]

wow.. 11PH of gear, cant imagine what that would look like or the power it would consume. Glad your mining with us not against us.

[wolfen]

And the heat! Have 14 in one 42U rack at the datacenter and they shoot flames out the back!

[Sierra8561]

And the heat! Have 14 in one 42U rack at the datacenter and they shoot flames out the back!

I know the feeling, about 3 months of the year heat is a real battle for me. Massive air flow and 3 evaporative coolers and I still battle lol.

[Mikestang]

wow.. 11PH of gear, cant imagine what that would look like or the power it would consume. Glad your mining with us not against us.

That's like over 3000 Avalon 6's, it would look like any of the videos of the big data centers that we can see on youtube and stuff.  Would be cool to see some pictures, though, especially with kano.is showing on a monitor or two in the photos.

[clgrissom3]

Block by WHMining with his 5th Kano Block! 

[Sierra8561]

wow.. 11PH of gear, cant imagine what that would look like or the power it would consume. Glad your mining with us not against us.

That's like over 3000 Avalon 6's, it would look like any of the videos of the big data centers that we can see on youtube and stuff.  Would be cool to see some pictures, though, especially with kano.is showing on a monitor or two in the photos.

I wonder if Kano can tell what country they are in? Cheap power would be a must.

[kano]

There's an expected short outage on the FR node coming up in about 30 hours:
Supposedly 5 minutes within the range: 2016-05-28 04:00 to 05:00 UTC
This was a notification from the provider.
As usual, make sure you have a backup in cgminer to one of the other EU nodes and the main Vegas node.