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

[kano]

...Edit: to avoid littering the thread with garbage again...

Do you ever actually read the words you're disagreeing with, or do you just always assume that every comment is contrary to your basal beliefs?  

I said this in my first post about it, that anyone can still see:

In the first case, there's no requirements on finding the first block ... it's just some time in the future.

I then pointed that out to you in your second reply telling me I'm wrong.


Then again you posted telling me how that isn't correct ... and 2 more stupid posts about it after that.

So I deleted it all - it was a waste of, what ended up being, 6 posts, and again pointless like before.

I don't care if you want to twist your words around so that you can pretend you didn't get it wrong.
It's yet again been a waste of my time for a while today ...

Edit: yay up to 8 posts now ...

Edit2: read my post at the bottom of the previous page ... it explains why finding a block is a 1 in 1 chance ... then reread it ... then reread it ... then keep doing it until either a) you understand it or b) you've given up and will go away and stop posting garbage.

[philipma1957]

...Edit: to avoid littering the thread with garbage again...

Do you ever actually read the words you're disagreeing with, or do you just always assume that every comment is contrary to your basal beliefs? 

I said this in my first post about it, that anyone can still see:

In the first case, there's no requirements on finding the first block ... it's just some time in the future.

I then pointed that out to you in your second reply telling me I'm wrong.


Then again you posted telling me how that isn't correct ... and 2 more stupid posts about it after that.

So I deleted it all - it was a waste of, what ended up being, 6 posts, and again pointless like before.

I don't care if you want to twist your words around so that you can pretend you didn't get it wrong.
It's yet again been a waste of my time for a while today ...

   This is why computer genie is brilliant  and  one of the most skilled trolls I have ever seen.  I find I am being discouraged  to post correct info on block odds by his clever postings. Kano did you ever watch Peter Falk in Columbo?  Computer genie is a true master of Detective Columbo's playing dumb method.  He got you going correct? 



MEANWHILE  back to the thread  more blocks please.

[Newko]

@Kano:
I am now as confused as can be about probability statistics. I'm no expert, by any stretch of the imagination, but I clearly remember from Statistics 1 class (over 40 years ago!), that the probability of flipping a coin and getting 2 heads in a row = probability of flipping a head x probability of flipping a head. That is, .5 x .5 = .25
However, once I have flipped a head, then probability of flipping another head (for two in a row) is simply .25 (the coin has no memory of what happened before). So I guess what you are saying regarding finding 2 blocks in a row is that we assume we can find a block (flip a head), and once we do, then the probability of finding the next block is simply our given probability (based on our percent of total network hash) that we can find a block.
Then would it not hold true that once we find 2 blocks in a row, that the probability of finding the third block is also our given probability of finding a block? This is where my brain gets tied in a knot.

Anyway, as Carl says, After 20+ hours of not finding any blocks, I'd be happy with find that 1st block!  
Mine on!

[edit] Oh wait! I think I get the difference now. We are only assuming that it is a given that we can find 1 block, and only 1 block.  We are never assumining we can find 2 in a row (never assuming we can flip two heads in a row).

[kano]

@Kano:
I am now as confused as can be about probability statistics. I'm no expert, by any stretch of the imagination, but I clearly remember from Statistics 1 class (over 40 years ago!), that the probability of flipping a coin and getting 2 heads in a row = probability of flipping a head x probability of flipping a head. That is, .5 x .5 = .25
However, once I have flipped a head, then probability of flipping another head (for two in a row) is simply .25 (the coin has no memory of what happened before). So I guess what you are saying regarding finding 2 blocks in a row is that we assume we can find a block (flip a head), and once we do, then the probability of finding the next block is simply our given probability (based on our percent of total network hash) that we can find a block.
Then would it not hold true that once we find 2 blocks in a row, that the probability of finding the third block is also our given probability of finding a block? This is where my brain gets tied in a knot.

Anyway, as Carl says, After 20+ hours of not finding any blocks, I'd be happy with find that 1st block!  
Mine on!

3 blocks (for a 1% pool, any time in the future) is as Phil said

1/100 x 1/100
= 1/10000

= 1 x 1/100 x 1/100

[jonnybravo0311]

@Kano:
I am now as confused as can be about probability statistics. I'm no expert, by any stretch of the imagination, but I clearly remember from Statistics 1 class (over 40 years ago!), that the probability of flipping a coin and getting 2 heads in a row = probability of flipping a head x probability of flipping a head. That is, .5 x .5 = .25
However, once I have flipped a head, then probability of flipping another head (for two in a row) is simply .25 (the coin has no memory of what happened before). So I guess what you are saying regarding finding 2 blocks in a row is that we assume we can find a block (flip a head), and once we do, then the probability of finding the next block is simply our given probability (based on our percent of total network hash) that we can find a block.
Then would it not hold true that once we find 2 blocks in a row, that the probability of finding the third block is also our given probability of finding a block? This is where my brain gets tied in a knot.

Anyway, as Carl says, After 20+ hours of not finding any blocks, I'd be happy with find that 1st block! 
Mine on!

It's the "in a row" bit that matters.  Forget about blocks and use your coin example.

Probability of me getting heads on a flip?  50%.
Probability of me getting 2 heads in a row? .5 *.5 = .25 = 25%
Probability of me getting 3 heads in a row? .5 * .5 * .5 = .125 = 12.5%

At the end of each flip, the probability of me getting heads on the next flip remains 50% because as you correctly wrote, the coin has no memory.

Now if we go back to blocks and assume we have 1% of the world's hash, then we have a 1% chance of finding the next block.  Finding the next 2 blocks in a row is .01 * .01 = .0001 chance.  Finding the next three in a row is .01 * .01 * .01 = 0.000001 - exactly as Phil wrote in his comment.  Remember, after every block find (regardless of who found it) I always have a 1% chance of finding the next one.  So, even if I've already found the previous 2 blocks, I've still got a 1% shot of finding this next one.  It's just that the probability of me finding the 3 in a row is 1 in 1,000,000.

[Newko]

@Kano:
I am now as confused as can be about probability statistics. I'm no expert, by any stretch of the imagination, but I clearly remember from Statistics 1 class (over 40 years ago!), that the probability of flipping a coin and getting 2 heads in a row = probability of flipping a head x probability of flipping a head. That is, .5 x .5 = .25
However, once I have flipped a head, then probability of flipping another head (for two in a row) is simply .25 (the coin has no memory of what happened before). So I guess what you are saying regarding finding 2 blocks in a row is that we assume we can find a block (flip a head), and once we do, then the probability of finding the next block is simply our given probability (based on our percent of total network hash) that we can find a block.
Then would it not hold true that once we find 2 blocks in a row, that the probability of finding the third block is also our given probability of finding a block? This is where my brain gets tied in a knot.

Anyway, as Carl says, After 20+ hours of not finding any blocks, I'd be happy with find that 1st block!  
Mine on!

3 blocks (for a 1% pool, any time in the future) is as Phil said

1/100 x 1/100
= 1/10000

= 1 x 1/100 x 1/100

Yep, I get it now. Three heads in row any time in future, once I have flipped that first head, (which is the ONLY flip that I am assigning probability of 1)
1 x .25 x .25

Ok, I need a drink now  

[edit] Thanks for helping with explanation JohnnyBravo

[philipma1957]

@Kano:
I am now as confused as can be about probability statistics. I'm no expert, by any stretch of the imagination, but I clearly remember from Statistics 1 class (over 40 years ago!), that the probability of flipping a coin and getting 2 heads in a row = probability of flipping a head x probability of flipping a head. That is, .5 x .5 = .25
However, once I have flipped a head, then probability of flipping another head (for two in a row) is simply .25 (the coin has no memory of what happened before). So I guess what you are saying regarding finding 2 blocks in a row is that we assume we can find a block (flip a head), and once we do, then the probability of finding the next block is simply our given probability (based on our percent of total network hash) that we can find a block.
Then would it not hold true that once we find 2 blocks in a row, that the probability of finding the third block is also our given probability of finding a block? This is where my brain gets tied in a knot.

Anyway, as Carl says, After 20+ hours of not finding any blocks, I'd be happy with find that 1st block!  
Mine on!

3 blocks (for a 1% pool, any time in the future) is as Phil said

1/100 x 1/100
= 1/10000

= 1 x 1/100 x 1/100

Yep, I get it now. Three heads in row any time in future, once I have flipped that first head, (which is the ONLY flip that I am assigning probability of 1)
1 x .25 x .25

Ok, I need a drink now  

Stats are fun are they not?

[kano]

Heh jonnybravo0311 you made a mistake in there, you left 'next' out before '3' in the last line.

Don't forget there's 2 different questions.
1) The next 3 blocks
2) 3 blocks in a row.

The actual reason why I gave the stats at the bottom of the last page is coz it makes it glaringly obvious that indeed the first block (with no specification of 'when') is a 1 in 1 chance
No way could we have done it (2 in a row) 40 times if the first block wasn't 1 in 1.

[Newko]

Yep, I get it now. Three heads in row any time in future, once I have flipped that first head, (which is the ONLY flip that I am assigning probability of 1)
1 x .25 x .25

Ok, I need a drink now  

Stats are fun are they not?

Well, more fun than shoveling snow, we I will finally go out and do now (after that drink) 
Mine on!

[jonnybravo0311]

Heh jonnybravo0311 you made a mistake in there, you left 'next' out before '3' in the last line.

Don't forget there's 2 different questions.
1) The next 3 blocks
2) 3 blocks in a row.

The actual reason why I gave the stats at the bottom of the last page is coz it makes it glaringly obvious that indeed the first block (with no specification of 'when') is a 1 in 1 chance
No way could we have done it 40 times if the first blocks wasn't 1 in 1.

That's correct.  I only answered the "3 blocks in a row" question.  If I have 1% of the total hash, the chances of me finding the next 3 in a row are 1 in 1,000,000.  However, if I've already found 1 block, then it's a 1 in 10,000 chance of me finding 2 more in a row and if I've found 2 blocks, then it's a 1 in 100 chance of me finding the third.

Your stats prove it out.  Since you've already found that first block (effectively 100%), then with 3% the chances of you finding that next block are 1 in 33.3333...

[Make-A-Buck]

...Edit: to avoid littering the thread with garbage again...

Do you ever actually read the words you're disagreeing with, or do you just always assume that every comment is contrary to your basal beliefs? 

I said this in my first post about it, that anyone can still see:

In the first case, there's no requirements on finding the first block ... it's just some time in the future.

I then pointed that out to you in your second reply telling me I'm wrong.

Then again you posted telling me how that isn't correct ... and 2 more stupid posts about it after that.

So I deleted it all - it was a waste of, what ended up being, 6 posts, and again pointless like before.

I don't care if you want to twist your words around so that you can pretend you didn't get it wrong.
It's yet again been a waste of my time for a while today ...

   This is why computer genie is brilliant  and  one of the most skilled trolls I have ever seen.  I find I am being discouraged  to post correct info on block odds by his clever postings. Kano did you ever watch Peter Falk in Columbo?  Computer genie is a true master of Detective Columbo's playing dumb method.  He got you going correct? 

MEANWHILE  back to the thread  more blocks please.

@philipma1957 VERY insightful & from the history of posts, looks to be spot on.
If it looks like a duck, walks like a duck, quacks like a duck...
Thumbs up! --> MEANWHILE  back to the thread  more blocks please. <--

[clgrissom3]

... & from the history of posts, looks to be spot on.
If it looks like a duck, walks like a duck, quacks like a duck...
...

From the history of my posts, you can only see what Kano wants you to see, not what actually transpired...

Seriously, is there not another forum that you can annoy with your dribble?  NOBODY CARES about what you post...right or wrong.  All you are doing is pissing everyone off when you attack others.

[gt_addict]

Seriously, is there not another forum that you can annoy with your dribble? Nobody, NOBODY CARES about what you post...right or wrong.  All you are doing is pissing everyone off when you attack others.

It's logically impossible to not care and yet feel the need to read and respond (and edit your response 3+ times).    

Just give it a rest already. This was a nice thread of the forum until you came along stirring up all kinds of ill feeling.

[VRobb]

The ignore button is your friend. Use it, live it, love it!

[gt_addict]

The ignore button is your friend. Use it, live it, love it!

The fact that everyone else is here as a community whether that be hobby or business and the fact he is here to do nothing but try and cause trouble speaks volumes.

[chasdabigone]

hi, i just started mining in the pool on friday. I am wondering when the payouts on unlocked blocks are distributed as i have not received any btc to my address. I am a newbie so i apologize if this is a dumb question. I just want to make sure i am not doing something wrong.
My address is http://kano.is/address.php?a=17psAaYPheegRC8pyudq892tGLxSR8HQnE

please also let me know if it is a bad idea to post that address here! lol

I am also wondering if it is considered bad practice to mine directly to my cold storage wallet or if that is a bad idea. thanks!

[gt_addict]

Payouts get paid after the block is matured and once we hit another block as to save fees for transactions Kano includes them in the next block.

For example:-

If we hit a block now and then one ten minutes later both of them would need to be matured (after 100confirms) before we get paid. They will get paid in the block the pools finds after they are confirmed.

[kano]

That's correct.  I only answered the "3 blocks in a row" question.  If I have 1% of the total hash, the chances of me finding the next 3 in a row are 1 in 1,000,000.  However, if I've already found 1 block, then it's a 1 in 10,000 chance of me finding 2 more in a row and if I've found 2 blocks, then it's a 1 in 100 chance of me finding the third.
...

Now, where have I seen that sentence before? ... Oh, that's right... in my posts that Kano deleted.  

Your post is still there where you said Phil's post wasn't correct (and me quoting it is still there) .. though you edited it later, it now clearly shows that you are wrong.
I don't really care what you think you might have posted, or what you did post after that, other than you caused it by implying there was something wrong with Phil's post at the start of all this and then repeated that a number of times.
Go away. I've deleted all your posts.

Phil's post is STILL correct.
https://bitcointalk.org/index.php?topic=789369.msg17439419#msg17439419

[bekonik]

did I see a light green lantern in the kingdom?

[Biffa]

did I see a light green lantern in the kingdom?

Briefly, alas.