KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[heartlandmining]

Also so few because many like me could care less about 'thought of the moment' social media such as Twitter, snapchat, Facebook etc.

... or if it were even managed by Kano.

[heartlandmining]

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…

I applaud your effort but believe your analogy would be a lot better had you considered 5 jars.

[gaud]

Yes you do!!   Really, we all should understood it quite well. So, here's the deal......

I'm going to up the stakes and hold you accountable with a new promotion lol!!!  ***** 50 TH/s *****

I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 10 TH/s
2- You have to have been mining with this hash for at least the last 5 blocks (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with an example in response to the submitted answer and confirmed by KANO.

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!!

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.

I really don't want to piss off the head honcho either, so if this is crossing any lines or boundaries, please let me know!

Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

EDIT: I may have noticed my first mistake and I'm going to attempt to adjust this. Unless padrinogtr really needed this breakdown, I may tweak the rules to the best description from a miner who meets the first 3 rules, but who's answer reaches 10 votes for the best answer. What do you think?

***NOTE*** This competition is not yet valid until I get the "OK" from Kano and will get the details sorted out. SO SAVE YOUR ANSWERS UNTIL FURTHER NOTICE PLEASE!!

Thanks for bumping up your max hash rate to include me...  I have not clue how well I will do since I have only been mining since August 2017 so I guess we will see..  Since we are going for easier to explain, I think it is best to switch to something tangible.  Since I like cookies, this analogy will be 1 cookie = 1 share.  The 5nd is 5 times the difficulty.  Lets keep it simple and say that the difficulty is 20, so 5nd is 100.  There is one cookie jar that can hold exactly 100 cookies which everyone is sharing.  This is a special cookie jar where the bottom kicks out and throws away old cookies when another goes in (so the cookies are always fresh).   For this example, lets say there are 3 miners working on filling the cookie jar.  Each miner is making their own cookie type at different rates.  The long term miner (miner 1) can make 1 peanut butter per minute.  Our miner (miner 2) can make 3 chocolate chip cookies per minute and the third miner (miner 3) can make 6 ginger snaps per minute.  Obviously if I ate all these cookies, I would not like cookies any longer, but you get the idea...
 
To keep it a little simpler, we will assume the block reward is 100 BTC, that cookie jar is initially filled only with peanut butter cookies (100 of them) and that full cookies are submitted once per minute – even though an S9 miner can do 13.5 Trillion hashes per second and the difficulty is also in the trillions, so in reality, our cookies are broken up into billions of pieces per second - but who wants to eat crumbs.  

So when we start mining, the cookie jar is full of other miner’s cookies and none of ours (so sad – no BTC if a block is found).  After each minute, miner 1 adds 1 peanut butter cookie to the jar, we add 3 chocolate chip cookies and miner 3 adds 6 ginger snaps and 10 old peanut butter cookies drop out of the bottom to the trash (or maybe I ate them).  Lets assume we find a block after minute 5.  There have been 5 peanut butter cookies, 15 chocolate chips and 30 ginger snaps added (and 50 old peanut butter cookies removed) so there are a total of 100 – 50 + 5 = 55 peanut butter cookies which is 55% of the jar, 15 chocolate chips which is 15% and 30 ginger snaps which is 30% of the jar.  So 100 BTC  gets distributed based on the percentages (actually 99.1 BTC gets distributed since Kano gets .9%).

If another block gets hit 5 minutes later, there have been a total of 10 peanut butter cookies added (5 new ones), 30 chocolate chips and 60 ginger snaps added (and all 100 of the old peanut butter cookies have been removed) so there are a total of 100 – 100 + 10 = 10 peanut butter cookies which is 10% of the jar, 30 chocolate chips which is 30% and 60 ginger snaps which is 60% of the jar.  So the second 100 BTC gets distributed based on the percentages.

Assuming that these miners continue to contribute the exact same amount with no new miners, when a cookie is added, a cookie is removed so the percentages stay the same going forward.  When that happens, you are getting the most payout you can.  Obviously if your miner goes down for a few minutes, you wont submit cookies so your percentage goes down a little but not a lot.  Also as more miners submit cookies to the jar, your percentage of the jar goes down (and your old cookies fall out a little faster).  The other thing that messes with all this is that when the difficulty goes up every couple weeks, the cookie jar gets bigger – and the cookies that fell out from the smaller jar get added back into the bottom of the jar in the order they left (so the analogy is not as good then).

So in my view of PPLNS, it really has nothing to do with “ramping” at all.  It is more about how many cookies you have put in the jar compared to everyone else.  So if I were to win the 50TH for 5 days, there would simply be a more chocolate chip cookies added to the top of jar for those 5 days over and above my 13.5TH that I have been adding to the mix since August.

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…

i like this one though drawing the cookies might be tricky here lol. but since its PPL5NS u might wana add how instead of getting your cookies all at once when a block is found it is spred out over 5 payouts at least this is how i understand it though iv only been adding cookies for a few days now but i want double chocolate chipos

[minergain.com]

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…

I applaud your effort but believe your analogy would be a lot better had you considered 5 jars.

I am not sure I am right at all, but I think that having 5 jars would not help since my understanding is that it is one jar that has a size of 5 times the current diff.  Hopefully we can get one of the long term miners to weigh in on this cookie fiasco sometime.

[A.Delaney]

We have to get one more block before the end of the month. Dance!!!!!

[minergain.com]

i like this one though drawing the cookies might be tricky here lol. but since its PPL5NS u might wana add how instead of getting your cookies all at once when a block is found it is spred out over 5 payouts at least this is how i understand it though iv only been adding cookies for a few days now but i want double chocolate chipos

Drawing cookies would be really tough.  I also thought about colored marbles which might be easier - although not as tasty and harder to track first in / first out. Yes, the example is not at all realistic today - since I had a diff of 20 (5 times being 100), the jar rolled through all the cookies in a few minutes.  Obviously we are putting in 47,823 trillion hashes per second (not sure how many shares / cookies that is) and the diff is 3,007,383,866,429, so the jar is much bigger and so it takes wayyyy longer to cycle through the whole jar with cookies.  As I understand it, during the 5nd may find 50 (or 500) blocks or we may get none at all during the time we are filling the cookie jar so I do not think it is related to blocks found either.  yes, this very confusing and I think this is getting into the realm of making it more confusing though....

[Shazam!!!]

Also so few because many like me could care less about 'thought of the moment' social media such as Twitter, snapchat, Facebook etc.

... or if it were even managed by Kano.

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.
I am far from a social media wiz, but I'm no luddite as well. Whether we like it or not, social media is quite a good tool for marketing.
As, I said in my previous post, a few of us are doing it to help out here, as Kano's time is consumed with pool upkeep. He does alot
for this pool, and the very least we could do is help promote it. It's not a requirement, nor, has anyone asked us to help. We want to
help the pool, and if anyone has input, they are welcome to share suggestions.

[heartlandmining]

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.

Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 

[yxt]

the 10 BTC giveaway to large miners is up until the 10 BTC are distributed?
Or is there a planned end date?

[clgrissom3]

the 10 BTC giveaway to large miners is up until the 10 BTC are distributed?
Or is there a planned end date?

Not sure but there is no expiration date shown in the announcement on page 1 of this thread...

[Shazam!!!]

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.

Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 

For one thing, because I have my vanity address in my sig doesn't mean I'm asking for anything, nor do I. It's simply my address. Another thing, I have my very own account that I promote Kano's Pool from, not affiliated with Kano, nor this pool. And, if anyone were to post so foolishly in this forum,  while posting an address scam, would most definitely be pointed out as a scammer!

I thank you for painting me as a scammer, and if you don't like the idea of people helping out, and promoting this pool, that's fine.
You don't have to participate. Thanks.

[heartlandmining]

I thank you for painting me as a scammer, and if you don't like the idea of people helping out, and promoting this pool, that's fine.
You don't have to participate. Thanks.

I wasn't trying to offend.  In fact I think now that I misunderstood some of the components at play here. 

[kano]

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.

Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 

For one thing, because I have my vanity address in my sig doesn't mean I'm asking for anything, nor do I. It's simply my address. Another thing, I have my very own account that I promote Kano's Pool from, not affiliated with Kano, nor this pool. And, if anyone were to post so foolishly in this forum,  while posting an address scam, would most definitely be pointed out as a scammer!

I thank you for painting me as a scammer, and if you don't like the idea of people helping out, and promoting this pool, that's fine.
You don't have to participate. Thanks.

Actually I'd not really mind if you even did put your address asking for donations to help promote the pool.
The point of the social media I guess is to tell others about the pool - I'm certainly never asking for donations of any kind
I can't see how this could run amok either unless someone pointed people at some scam/clone pool - so sounds all good to me.
I just never have the time nor inclinations to touch sites like twitter and facedesk.
They consume way too much time and the majority (but not all) of their use is pointless drivel

[kano]

the 10 BTC giveaway to large miners is up until the 10 BTC are distributed?
Or is there a planned end date?

Not sure but there is no expiration date shown in the announcement on page 1 of this thread...

Well I've not considered an expiration date yet.

[Shazam!!!]

Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official.  

Another thing, I have my very own account that I promote Kano's Pool from, not affiliated with Kano, nor this pool.

I wasn't trying to offend - just expressing my perception that the twitter handle "@kanobtc" implies an affiliation that, in fact, does not exist.  

My Twitter handle is Shazam!!!@ShazamBTC, I was saying I'm not affiliated with that page, as in I don't run it. I'm not offended,  and I understand the ways of the scamming world, as you pointed out with the ability to scam with an address. The pages, are run by another
member, and he posted he was doing so. I'm not saying someone couldn't scam, but they'd be awfully goddamn stupid to post it in
this thread. I can say everything that has been shared, or retweeted, comes directly from Kano's website, and this thread.

If, at any point, I feel anything I see is against the wellbeing of this pool, I will be contacting Kano personally. That's kinda what
the whole point of a "community" is about, having people you can "watch your back". Also, if having an "unofficial" page, is causing
friction here, maybe Kano could give his blessing, or ask to have it removed. Either way,  I'm still gonna keep helping out, and do
what I can to get people to come here, from those corporate monster pools they are naive about.

[xkevinx]

Kano,

Noob here with 15TH. Do you think my payouts would be similar to other pools? I like to support the smaller pools but havent dipped into your yet.

[Shazam!!!]

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.

Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 

For one thing, because I have my vanity address in my sig doesn't mean I'm asking for anything, nor do I. It's simply my address. Another thing, I have my very own account that I promote Kano's Pool from, not affiliated with Kano, nor this pool. And, if anyone were to post so foolishly in this forum,  while posting an address scam, would most definitely be pointed out as a scammer!

I thank you for painting me as a scammer, and if you don't like the idea of people helping out, and promoting this pool, that's fine.
You don't have to participate. Thanks.

Actually I'd not really mind if you even did put your address asking for donations to help promote the pool.
The point of the social media I guess is to tell others about the pool - I'm certainly never asking for donations of any kind
I can't see how this could run amok either unless someone pointed people at some scam/clone pool - so sounds all good to me.
I just never have the time nor inclinations to touch sites like twitter and facedesk.
They consume way too much time and the majority (but not all) of their use is pointless drivel

Thanks Kano! But I'm not looking to get paid for my help, just doing the good deeds of my day.

[A.Delaney]

Kano,

Noob here with 15TH. Do you think my payouts would be similar to other pools? I like to support the smaller pools but havent dipped into your yet.

Similar per day? Week? Month? Year? Some of those will be less but the long run will be more.

[sruyle]

Kano,

Noob here with 15TH. Do you think my payouts would be similar to other pools? I like to support the smaller pools but havent dipped into your yet.

Go back and read at least the last 4 pages. Understand how it works. Yes you will make more, but if you are into short term and jumping ship for elsewhere, you will lose.

[xkevinx]

Kano,

Noob here with 15TH. Do you think my payouts would be similar to other pools? I like to support the smaller pools but havent dipped into your yet.

Go back and read at least the last 4 pages. Understand how it works. Yes you will make more, but if you are into short term and jumping ship for elsewhere, you will lose.

Thanks guys, i have read a ton about the pay structor so i understand how it works. Right now on F2Pool it pays consistent just have nothing to compare.