KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[sruyle]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

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[leowonderful]

I'll try explaining at least a part of PPLNS.

Every time a block is mined, the number of shares rewarded is approximately 5 times the difficulty when the block was mined- at this moment the N value would be around 15T, so the last 15T shares would be rewarded per block and this count does not reset when a new block is found. Because of the 5N, as you mine rewards will stack on each other until you hit the 5nd, when you will be fully rewarded. You eventually create a running average. When you stop mining, the 5N moves keeps moving 'forward' and less of your shares are rewarded until all your shares are completely out of the 5N, which is the ramp-down. The last 5N also listed at the bottom of the Rewards page: https://kano.is/index.php?k=payout



(rephrasing Kano a bit here)

Because the N in PPLNS is 5 times the difficulty, 5 blocks at 100% difficulty means you get your full reward. If more or less blocks are found then you just put the number as the numerator on a fraction with the denominator as 5, and the resulting number times your expected reward is what you are paid.

Correct me if I'm wrong.

Quoting an older post:

A PPLNS pool also pays miners proportionally to the number of shares submitted when a block is found, but it doesn't reset share counts after each block. Instead, it always keeps account of the last N shares, which is usually something like 10 times the current difficulty. This means that a single share will quite probably be used in reward calculations multiple times, but the payment for one share is lower on each occasion. This also means that pool hoppers can't exploit the pool by mining there only when other user's share counts are low, because they are never low.

[wavelengthsf]

i have an idea!!!

i will give away my S7 hash rate with two good boards (~3TH) for 7 days to the one that makes me understand what kano san explained in a way that my dumb ass can understand. 

Based on statistics, a certain hash rate is expected to return a certain value of BTC based on the number of shares it submits. In general, submitting the number of shares equal to the difficulty will result in a block.
3,007,383,866,429 is the current difficulty. Again, based on statistics, the pool would, on average find a block every 3,007,383,866,429 shares. That's the 100% number.

In order to prevent pool hopping, and to be more fair, the pool actually pays out over the last 5 times this number of shares (or a little over 15 trillion.)

The pool keeps track of every valid share submitted. When we find a block, it looks back over the last 15 trillion or so shares and gives a fractional credit to every person who had one. So it's basically dividing the 12.5 BTC reward and whatever tx fees by 15 trillion, and then assigning each valid share part of that reward.

The more valid shares you have, the higher the reward.

Because of this math, we are expected to get 5 blocks in 5ND. This means you get 100% of your expected reward.

Sometimes, we get blocks in under the 100% share number. Again, whenever we find a block, it looks back at those 5ND shares (15 trillion at 3 trillion diff) and awards those. If we're lucky, that means our shares actually get more than their expected reward.

Also sometimes, we have bad luck. That means a share gets less than its expected reward.

The important thing to keep in mind is that statistics work over large sizes. One month or two could be outside of this, but then the next month is super good, and then the rest are averages. These numbers will only come to light after hundreds of blocks.

[padrinogtr]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

[gaud]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

[VRobb]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

Indeed there is: kano.is>workers>shift graph (assuming you have setup an account)
Mine on! 

[os2sam]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

For the time being just think of it like this:

Once ramped up you get paid the same as proportional for the shares you submit for a given round.

Add the Ramp-Up shares to the Ramp-Down shares and that time period will be approximately proportional as well.

Easy Peasy.

[sruyle]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

[gaud]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

vertical bar is pay time
=  is the period of times that the paybot looks at to see what your shars are of the pay
0   is where u are mining
*   paybot on the time line
                                                                    
   |-----|----|----|----|----|----|----|----|----|----|----|----|----| time lines


pay 1   |-----*----|----|----|----|----|----|----|----|----|----|----|----|  (start)
            0000
            ===


pay 2   |-----|----*----|----|----|----|----|----|----|----|----|----|----|    (ramp up the bot looks back 5 sections u only working 2)
           0000 0000
           === ===

pay 5   |-----|----|----|----|----*----|----|----|----|----|----|----|----|    (you stop mining here)
           0000 0000 000 000 000
           === === === == ==


pay 7   |-----|----|----|----|----|----|----*----|----|----|----|----|----|    (ramping down u are only payed for 3 sections here cause you stoped at section 5)(3 more paydays and you will stop getting paid ! )
           0000 000 000 000  000                                                            
                          === == == === ==

not much good at drawing especially on forum but this is the way i sorta see it

[gaud]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

[Yrth]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

Kano did an excellent job explaining it here. https://bitcointalk.org/index.php?topic=789369.msg22415230#msg22415230

[sruyle]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

There is a long time between production of the chips and miners available for sale.  S9's will make a reasonable stepping stone during that year.

[gaud]

I like all the different explanations. It’s actually making a lot more sense to me.
I wonder if anyone has a visual or graphical explanation as well

Kano did an excellent job explaining it here. https://bitcointalk.org/index.php?topic=789369.msg22415230#msg22415230

lol yes that looks the same im new so havent read that far back on the post lol

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

There is a long time between production of the chips and miners available for sale.  S9's will make a reasonable stepping stone during that year.
corperate useage is expected mid year by the end of the year machines will start poping up with the 7nm chips for general public. so sure grab an s9 or 2 but dont overpay for them (ebay) and i wouldnt be in a major rush since u will want to swap them out soon for something new jst like they did when the s9 first arived.

[rifleman74]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

10nm comes first, 7nm are still a few years off.

[gaud]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

10nm comes first, 7nm are still a few years off.


that's not what the corporation that is making them said but again im not a pro so who knows for sure what will happen but all the articles i read say 7nm is on its way and a number of main stream corporations are looking to jump on the asic band wagon with them. even american corporations.

[rifleman74]

Just put both my S4's on ebay. Going to upgrade. With that and my fluke meter, I might get close enough to 2 S9's  the balance from my pocket.

dont rush into s9's the new chip will be out soon and there will be a whole new level to move too.

I assume you are referring to the dragonmint?

nope those are jst more powerful type of s9 with 16nm chips.

7nm chips are out by end of year a number of companies will be throwing new asics on the market with them. jst one news article on the topic  https://news.bitcoin.com/7nm-asics-will-bring-bitcoin-mining-to-a-whole-new-level/

10nm comes first, 7nm are still a few years off.


that's not what the corporation that is making them said but again im not a pro so who knows for sure what will happen but all the articles i read say 7nm is on its way and a number of main stream corporations are looking to jump on the asic band wagon with them. even american corporations.

bitcoin miners are farther down the list for those chips.   

[Shazam!!!]

There is a long time between production of the chips and miners available for sale.  S9's will make a reasonable stepping stone during that year.

With the price of BTC being lower, and the anticipation of new chip design/releases, the price of the S9 has dropped. They are
also more readily available from bitmain. With Canaan releases coming up, and a few speculative machines, I'd expect the price
of the S9 to drop further. Still a good time to get some.

[robroyman]

7nm and even 10nm are still a pipe dream. They can't get them to work and if they do, they will be too expensive to put into miners en masse. And in any case, we know that Bitmain will mine with them for a few months before launching to the common rabble.

[kaoscoin]

just registered but never got e-mail from kanopool 
not even in spam folder.
Since I cannot use hotmail I used my personal website
e-mail. I cannot add bitcoin payout address without
verifying your e-mail first.

However I got e-mail when I put bitcoin payout address.

So I don´t know if your service communications are reliable or not.

[BSGMiner]

just registered but never got e-mail from kanopool 
not even in spam folder.
Since I cannot use hotmail I used my personal website
e-mail. I cannot add bitcoin payout address without
verifying your e-mail first.

So I don´t know if your service is reliable or not.

If you meet the criteria of the first quote and never got an email, try re-sending it from the section of the website where the second quote is from.

N.B. you must verify your email, if you change it,
before you can change other settings.

Send a new verification key to my email