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

[wmabern]

I have a question. How do you take part in shifts? how can I be one of those listed on the shift stats?

Those names aren't pool members. They are anime (sp?) characters.

That's what I thought when I first joined here. 

[geobull]

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

[wmabern]

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

You must not have reached your 5Nd yet.
I'm running aprox. 45-47 TH steady for the last week and my payout for this last block was 0.00707651

[beltsniffer]

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

It takes time to ramp up to the full payout of the 5nd. The payout method is explained here https://kano.is/index.php?k=payout

Current 5nd for the pool is 3 days and 2 hours.

Conversely, when you leave there is a ramp down period. So, you will continue to be rewarded for blocks found during that time even though you are not mining.

[geobull]

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

It takes time to ramp up to the full payout of the 5nd. The payout method is explained here https://kano.is/index.php?k=payout

Current 5nd for the pool is 3 days and 2 hours.

Conversely, when you leave there is a ramp down period. So, you will continue to be rewarded for blocks found during that time even though you are not mining.

thanks for explanation.

[beltsniffer]

lol got 0.00435827 BTC after 29 hour of mining  with 80 TH

It takes time to ramp up to the full payout of the 5nd. The payout method is explained here https://kano.is/index.php?k=payout

Current 5nd for the pool is 3 days and 2 hours.

Conversely, when you leave there is a ramp down period. So, you will continue to be rewarded for blocks found during that time even though you are not mining.

thanks for explanation.

It helps deter pool hoppers from trying to capitalize and suck away rewards from the long term miners during good luck runs. It also comes in handy when you lose power or internet connection, as your rewards ramp down, so you at least are still earning during that time.

[beltsniffer]

so I will not get anything before 1 month or ??  I have kinda low Hashrate, 78.Th  

With 78th you should get around $2500.

are you kidding ?  can u explain?  2500 ?? when

Last month my average hashrate was ~158ths. I brought in a total of 1.242456BTC in rewards, which is about 5400 at the current price. So, I would agree with NomadGroup that 78ths, about half my hashrate, would earn about $2500 at around 100% PPS given difficulty increases.

[andytranter]

How much has the last month of bad luck and not finding a lot of blocks got to do with variability, or is it that the price of btc has been high for some time so a lot of new miners are joining and increasing the overall hashrate? I include myself in that group by the way!

Could it be that there is simply more hash in total, and therefore the blocks are spread a lot more thinly?

[dzimmerm56]

Waiting for the weather to break so I can bring up some of my older miners to increase my hash rate a bit. It has been quite warm in Central Ohio for the last several months. I need to figure out a better method of getting the heat in the  basement up into the house so I will not be paying for heat beyond what I spend on the miners for electricity. I have to segregate the miners from our cats, so I can not just keep the basement door open. I may work up a screen to put in place of the door.

[beltsniffer]

How much has the last month of bad luck and not finding a lot of blocks got to do with variability, or is it that the price of btc has been high for some time so a lot of new miners are joining and increasing the overall hashrate? I include myself in that group by the way!

Could it be that there is simply more hash in total, and therefore the blocks are spread a lot more thinly?

Yes, the increase in global hashrate increases the variance if the pool hashrate doesn't increase along with it. But at the same time, luck is luck. If you look at slush that has about 6 times the hash power we have, their 250 block luck is almost the same as ours.

[andytranter]

How much has the last month of bad luck and not finding a lot of blocks got to do with variability, or is it that the price of btc has been high for some time so a lot of new miners are joining and increasing the overall hashrate? I include myself in that group by the way!

Could it be that there is simply more hash in total, and therefore the blocks are spread a lot more thinly?

Yes, the increase in global hashrate increases the variance if the pool hashrate doesn't increase along with it. But at the same time, luck is luck. If you look at slush that has about 6 times the hash power we have, their 250 block luck is almost the same as ours.

But what about the last 30 days?

Is this just the new normal that there is a lot more hash globally, and only the same amount of blocks?

Is 1 block a day  what we should expect going forwards?

[kano]

How much has the last month of bad luck and not finding a lot of blocks got to do with variability, or is it that the price of btc has been high for some time so a lot of new miners are joining and increasing the overall hashrate? I include myself in that group by the way!

Could it be that there is simply more hash in total, and therefore the blocks are spread a lot more thinly?

It's been a run of bad luck.
The statistics on the Blocks page show that.

I do monitor luck at a much lower level - individual miner luck and other types and groupings, and keep track of who gets very bad (and very good) luck, to be sure it's not something else causing it.

I will go as far as to claim that this pool is the only pool that monitors it at the level I do.
Most pool OPs don't even understand the statistical analysis of mining data ... while many pools don't even care to try to monitor it with their pool.

The stats are not below what can be expected - and I show them all clearly, at the pool level, there on the Blocks page, so anyone else can get a reasonably good idea of the probabilities of the results.

While luck itself does not try to correct itself, it is as pseudo-random as sha256 can be, the good luck months clearly show what bad luck is also reasonable.
April being a month of 147.47% means that the reverse is also possible.
What I mean by this is that if the pool is able to get a run of good luck that high, for that many blocks, and of course everyone will be happy if we get that, and of course not consider it means something is wrong with the pool, then that also means the reverse is also reasonable.
The reverse of 147.47% is 1/1.4747 = 67.81% luck - which last December was a little above.
Again, I'm not at all saying that luck corrects itself, what it is expected to always do is converge to 100% from above or below,
but the actual good luck accomplished can show what can be considered reasonable bad luck also by inverting it - i.e. we aren't out in the realms of improbability.

I guess one thing that is an issue is the fact that while the Bitcoin difficulty has been rising so high, the pool hash rate hasn't been increasing at that same rate to keep up our expected daily block value.
This doesn't mean that we expect lower luck, it means that since the pool's hash rate % of bitcoin is going down, we can expect higher variance.
Yes today a 90PHs pool is considered a small pool - only an expected 1.6 blocks a day out of the total of 144 blocks a day, or 1.111% of Bitcoin.

But to be blunt, the lower % pool hash rate has been caused by Bitmain.
Many miners, small, medium and large, have been unable to get the miners they wanted to buy for the last 6 months.
Bitmain has been building their farms and keeping their miners. They are the worst competition of everyone buying miners from them. When Bitmain sees it's a lot more profitable to mine than to sell miners, that's what happens.

Hopefully Canaan will have something to solve that soon

[overcon]

But to be blunt, the lower % pool hash rate has been caused by Bitmain.
Many miners, small, medium and large, have been unable to get the miners they wanted to buy for the last 6 months.
Bitmain has been building their farms and keeping their miners. They are the worst competition of everyone buying miners from them. When Bitmain sees it's a lot more profitable to mine than to sell miners, that's what happens.

Hopefully Canaan will have something to solve that soon

Isn't that the truth! And then when they do feel nice and release some for sale they sell them with a currency not a lot of people have, BCC and so they sit there, for sale and never sold.

[wmabern]

Sadly, looks like the monsoon rain and thunder storms will kick in around my place about 1:00 AM and continue all night and most of tomorrow.
I'm just going to shut my miners down before bed.  

(For anyone wondering why, my miners suck air straight in from outside with the assistance of window fans. If the rain is hard, it gets sucked in by the fans. Not to mention the heavy lightning.)

Back tomorrow evening. Crack some blocks for me overnight!

COMEONBLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[aessedai]

so I will not get anything before 1 month or ??  I have kinda low Hashrate, 78.Th  

I am thinking if you go back, oh 10 pages and read each post, you will know how the system works. If not, then you're well I'll be nice


This new difficulty increase seems to have impacted block results a bit, sigh.

A bit? hehe  I started mining here a week ago.  In this week I have made about as much as I was making in a day and a half on other pools.  I keep trying to remain optimistic, but I'm losing out bad so far.  I haven't quit yet, though.  This is a tough ride.

so are you gonna stay and wait ? 23 hours no rewards yet(( increased diff, pool going hard time, what is your plan?

can anyone look this and tell me is it fine?  https://ibb.co/cpVAiw   when to expect first rewards?

Yes, I am staying for now.  The first 3 days you don't mine with your full hashrate.  You kind of ramp up over the course of 3 days, but then if you stop with the pool it ramps you down over 3 days.  They explained it to me so that I understood it, but not well enough to be able to explain it, because math isn't my strong suit.  However, I think I want to be running with at least a couple weeks of full hashing to see what my average is before I make any knee jerk reactions to jump ship. 

[aessedai]

Sadly, looks like the monsoon rain and thunder storms will kick in around my place about 1:00 AM and continue all night and most of tomorrow.
I'm just going to shut my miners down before bed.  

(For anyone wondering why, my miners suck air straight in from outside with the assistance of window fans. If the rain is hard, it gets sucked in by the fans. Not to mention the heavy lightning.)

Back tomorrow evening. Crack some blocks for me overnight!

COMEONBLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Can you build a shelter over the intakes?  You could be the one who hits the next block!

[clgrissom3]

Block by cobramining!

This is our 1st of BLOCK MONDAY!

[overcon]

Block by Cobramining! WOOOOOT

[kano]

Was a small one - 317K - 12.818959 BTC - 2min 35sec after the previous network block - yep transactions rates and fees  are down - though that means paying for transactions is cheaper also

[aessedai]

Thank God for another block!