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Author Topic: KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks  (Read 5350107 times)
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Shazam!!!
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March 02, 2018, 09:38:53 AM
 #36601

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s. 

Welcome!

This is because you have just started "ramping" the 5nd. The "ramp" time is around/near 15 days, after that, you will receive
full rewards. I am near 11 days, and this reward, was bigger than my first two rewards combined. Be patient, it gets better!

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
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March 02, 2018, 09:59:29 AM
Last edit: March 02, 2018, 10:18:45 AM by chauski01
 #36602

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC  5 day - 50 TH/s giveaway !!!! BTC


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 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (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 his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

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!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*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.


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


Hi, i would like to join this contest! Smiley

Here is my explanation based on my newbie opinion.

Formula:

(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R



Assumptions:
1xS9 at N = 14THs                     (14 * 1,000 = 14TH)
Current Pool Hash at PN = 40PH  (40 * 1,000,000 = 40 PH)
-------------------------------
(N/PN)=S      ---->   14,000 / 40,000,000 = 0.00035 S



When a block is found with a reward of the last block size in blocks page "2018‑03‑02 05:50:27" = 12.51725753 - 0.9% fee = 12.40460222
The reward of 12.40460222 is the block that will be shared among miners in the pool.
So based on the formula of (R*S = your BTC reward)

12.40460222*0.00035 = 0.00434161 BTC in this block.


So in summary, as a new miner, to understand how much you will get per block found, always remember this formula and keep it handydandy. Grin

--------------------------------
(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R
---------------------------------


Please note, the formula above only considers when you are fully ramped up.
You can always see in the shifts graph page whether your already fully ramped or not so just go and visit your shifts graph page.
When fully ramped, then always keep that formula at hand.

So at that rate assuming all values remain thesame, an S9 miner would at least hope and pray to have 8-9 blocks found in a month to be mining here and be more profitable than other pools which gives you at least 0.0011 BTC a day.

[EDIT]
So imagine, if we find a block with 22.67465393 reward just like last 2017‑12‑23 01:54:00, that would be a wooping 0.00786470 BTC in that single block alone!  Imagine if we hit 7 block with 12.4 miner reward + 1 block with 22 miner reward, in those 8 blocks alone, you already get 0.03825597!
That is approximately around 20% difference already vs a daily payout of 0.0011 * 30 = 0.033 BTC.

I hope this explanation helps a lot to kanopool new members as me as a new member as well wanted to know how profitable it is to mine here and this is what i have observed.

Did i pass the exam?  Grin
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March 02, 2018, 10:38:37 AM
 #36603

Oh, no!!! I woke up to hearing my Avavlon6 fan cycling and went to go check... It's got a red light blinking and won't hash.

Any good troubleshooting links I should read???

EDIT: WHEW!!! After a some power cycling, everything reconnected, and it's no longer a giant paper-weight! Grin

Oh, yeah... MINE ON!!!

The BTCest mining pool (<1% fee): KanoPool
***PPLNS rewards averaged over the 5Nd to reduce variance***
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March 02, 2018, 10:39:47 AM
 #36604

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.


Hi, taking your case as an example of the formula i just mention few posts below your post.
Assuming you have fully ramped up and you have 37THs ave.


Formula =

(N/PN)=S
R*S = Your BTC received

(Legend)
MY HASHRATE = N
POOL HASHRATE = PN
MY number of SHARE = S
BLOCK REWARD = R
------

(N/PN)=S
37,000 / 46,880,000 = 0.00078925 Share/Contribution from the total pool power

Block reward (R) = 12.40460222
R*S = Your BTC received

12.40460222 * 0.00078925 = 0.00979032 BTC on this block IF you were already fully ramped up.
Assuming we find 10 blocks of thesame size you'll get 0.096892 BTC in 30 days which should be way
more better than 0.003094 a day * 30 = 0.09282 BTC


Hope this helps.  As many long time miners here say, be patient and it will pay off!
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March 02, 2018, 12:03:06 PM
 #36605

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.

My take on a post from Kano a long while back:

The 5Nd "ramp" means it takes that long to reward your shares.  It's not a punishment and The ramp isn't missing rewards, it's delaying them to reduce variance.  Each share is rewarded in all the blocks found in the 5Nd after the share.  That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.

How do the PPLNS payments work?

The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found.  So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.

So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block.  On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block.  On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid.  That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.

This is a simplistic view of 5Nd because it is also affected by luck.  If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be better than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.

The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day.  You would continue to be rewarded if the pool hit a block while you were down.  I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit. Grin
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March 02, 2018, 12:16:24 PM
 #36606

Hi,
I am new to the pool.  Smiley
I have joined few days back. I am cranking around 37Th/s

So just wanted to check how exactly are shifts and rewards calculated.

Here are my shifts on the last block.
https://www.dropbox.com/s/p1eb92ekp0xha2v/shifts.JPG?dl=0

And here is the reward.
https://www.dropbox.com/s/sf8e3wv1nnez7bl/reward.JPG?dl=0

Of course I dindt work all shifts for the block but reward looks so tiny for 3 days of cranking with approx 37Th/s.  Smiley

Thanks.

My take on a post from Kano a long while back:

The 5Nd "ramp" means it takes that long to reward your shares.  It's not a punishment and The ramp isn't missing rewards, it's delaying them to reduce variance.  Each share is rewarded in all the blocks found in the 5Nd after the share.  That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.

How do the PPLNS payments work?

The 5Nd means the pool rewards 5 times the expected number of shares each time a block is found.  So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.

So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block.  On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block.  On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block and on and on like that until all of the value of the shares are paid.  That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.

This is a simplistic view of 5Nd because it is also affected by luck.  If pool luck was always 100% then each share is expected to be rewarded 5 times.
If pool luck is better than 100%, then the average share reward will be better than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.

The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day.  You would continue to be rewarded if the pool hit a block while you were down.  I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit. Grin

The 5Nd windows isn't affected by luck. Whats affected by luck is how many solved blocks fall into that window.

@Vene if you look back a page or two I made some really simple pictures. But to be as simple as possible, when this block was found, it looked back at roughly 15 days worth of stats to determine payouts. Since you've only been mining for 3 days, your payout was smaller.

A really rough calculation would be (37/49091)*(3/15). This would be (your hash rate / pool hash rate) * (how long you've been mining here / current length of 5Nd "ramp")

But this calculation isn't exact because your hash rate and pool hash rate both fluctuate, how long you've been mining cannot be more than the length of the 5Nd "ramp" and the ramp itself changes length in terms of days when network difficulty changes.

Also important to note that the bitcoin you may be thinking of as "missing" are really just delayed. If you stop mining now, and we hit 3 blocks tomorrow, you'll still get paid for them since there is also a "ramp down".
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March 02, 2018, 02:24:58 PM
 #36607

Sooo nice to wake up to a found Block!!!

I second that!!!  Especially since I was standing beside a muddy pit with cut fiber optic cables when we found it.


MINE ON!!!, you little TerrorHashes!

Coining bits since 2017 
Kano Pool is the BEST BTC mining pool.
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March 02, 2018, 03:32:19 PM
 #36608

Been away for a bit, happy to see we have some more blocks!  Thanks canaan x 2 and biffa!

I was crunching some numbers, and I joined this pool after we found block 504409 (our block # 2202).   

Looking at the 44 days I have been mining in the pool, I have been a party to 7 blocks, with a cumulative difficulty of 1,453.543%, or roughly 207.649% per block.

If I am correct, statistically speaking, we were expecting to find about 14 blocks in that same time frame, but due to bad luck we found half of that.

So my question is, is that correct?  Am I reading and understanding the numbers properly?   

Thanks in advance!


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March 02, 2018, 03:50:25 PM
 #36609

Been away for a bit, happy to see we have some more blocks!  Thanks canaan x 2 and biffa!

I was crunching some numbers, and I joined this pool after we found block 504409 (our block # 2202).   

Looking at the 44 days I have been mining in the pool, I have been a party to 7 blocks, with a cumulative difficulty of 1,453.543%, or roughly 207.649% per block.

If I am correct, statistically speaking, we were expecting to find about 14 blocks in that same time frame, but due to bad luck we found half of that.

So my question is, is that correct?  Am I reading and understanding the numbers properly?   

Thanks in advance!




Back of envelope says that's probably correct. Looking at the blocks, 2202 was mid January. Overall January had over 100% luck, but mostly due to very good luck in early January. Late January had less than 100% luck average and all of February was pretty bad... 44% luck. So yeah I could buy your numbers.
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March 02, 2018, 04:03:04 PM
 #36610

Been away for a bit, happy to see we have some more blocks!  Thanks canaan x 2 and biffa!

I was crunching some numbers, and I joined this pool after we found block 504409 (our block # 2202).  

Looking at the 44 days I have been mining in the pool, I have been a party to 7 blocks, with a cumulative difficulty of 1,453.543%, or roughly 207.649% per block.

If I am correct, statistically speaking, we were expecting to find about 14 blocks in that same time frame, but due to bad luck we found half of that.

So my question is, is that correct?  Am I reading and understanding the numbers properly?  

Thanks in advance!




Back of envelope says that's probably correct. Looking at the blocks, 2202 was mid January. Overall January had over 100% luck, but mostly due to very good luck in early January. Late January had less than 100% luck average and all of February was pretty bad... 44% luck. So yeah I could buy your numbers.

Yep, you are very close on your estimate...the average pool hash rate after block 504409 (1/16/2018) until the latest block last night is 44.11PH/s so the expected block total for that average over the 44 days would have been 12.98.  With 7 blocks found during that time, we are approximately 5.98 blocks shy of the expected 100% for that stretch of time.
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March 02, 2018, 04:18:41 PM
 #36611

k lets give this padrinogtr  thing another try Cheesy. let start by taking all the luck and unnecessary stuff out of the equation.  so lets start by saying there are 5 pools in the world mining the blockchain. it spits out 1 block per day.
day 1 pool 1 gets block day 2 pool 2 on down the line till pool 5 we will call that our pool Cheesy. most (the other 4 pool) using the similar pay system payout WHEN they get a block with the blocks reward they do this buy looking at how much each member worked during the day and turning that into a % that compares with the rest of the workers in the pool. they are payed a % of the block = to their %. in the kano pool its the same accept we look back 5 days instead of 1 to find each workers % again u get the % according to your %. after 5 days u will get the same block payout as all the other pools (accept they have higher fees generally which makes the block smaller). the difference is it takes a whole 5 days instead of 1 to get your full % the up side if u quit or are down for 5 days u are still getting though a diminishing return as the days go by.
  so bottom line kano pool pays bests over the long term due to lower fees. this system is good because if u have break downs or gaps they wont be noticed as much but the real purpose is to stop those who pool hop (try to only work for the pool that is paying on a specific day)  there goal being to get payed everyday instead of once per five days. now there is no point in pool hoppers showing up here because they wont be able to take there money and run to the next pool cause we dont pay them jst for punching in on payday.
  howd i do padrinogtr Cheesy i dont think i qualify for the contest anyway but id like to know if i helped though i haven't seen yer name here in awhile:D.
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March 02, 2018, 05:03:15 PM
 #36612

Been away for a bit, happy to see we have some more blocks!  Thanks canaan x 2 and biffa!

I was crunching some numbers, and I joined this pool after we found block 504409 (our block # 2202).   

Looking at the 44 days I have been mining in the pool, I have been a party to 7 blocks, with a cumulative difficulty of 1,453.543%, or roughly 207.649% per block.

If I am correct, statistically speaking, we were expecting to find about 14 blocks in that same time frame, but due to bad luck we found half of that.

So my question is, is that correct?  Am I reading and understanding the numbers properly?   

Thanks in advance!




That's close enough for government work.
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March 02, 2018, 05:04:10 PM
 #36613

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…

So if one of our long term experts can tell me if this concept is right or wrong that would be helpful.  I use adobe flash with my signage business, so I can maybe come up with a "video" using these assumptions with the more fitting / easier to draw mining conveyor belt (similar to https://www.youtube.com/watch?v=pBIkfLm_8js) and colored pebbles.  But if my concept is totally wrong, then it would be a waste of most of a day's worth of time.  Some people said it would be better with 5 cookie jars (5 conveyor belts) which I would need a ton of clarification before I could do a video.  

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March 02, 2018, 05:47:55 PM
 #36614

Well something is going on at my house. All of my miners quit showing up at the pool at the same time. Im stuck here at work so I cant even check to see whats going on. Now im going to lose a day of mining.  Angry. I must have either lost internet or power. This sucks.
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March 02, 2018, 06:44:24 PM
 #36615

Well something is going on at my house. All of my miners quit showing up at the pool at the same time. Im stuck here at work so I cant even check to see whats going on. Now im going to lose a day of mining.  Angry. I must have either lost internet or power. This sucks.


Pool is up so yes, something on your end.   Unlucky, just like February. 
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March 02, 2018, 06:45:55 PM
 #36616

Well something is going on at my house. All of my miners quit showing up at the pool at the same time. Im stuck here at work so I cant even check to see whats going on. Now im going to lose a day of mining.  Angry. I must have either lost internet or power. This sucks.
you should look into "ausome miner" properly configured u can manage your miners from anywhere. wont help if yer house burned down or the wife ran off with your miners.
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March 02, 2018, 06:49:53 PM
 #36617

Well something is going on at my house. All of my miners quit showing up at the pool at the same time. Im stuck here at work so I cant even check to see whats going on. Now im going to lose a day of mining.  Angry. I must have either lost internet or power. This sucks.
you should look into "ausome miner" properly configured u can manage your miners from anywhere. wont help if yer house burned down or the wife ran off with your miners.

Lol if my wife runs off with anything it won’t be my miners. In fact those would probably the only thing left. I found out our internet is out. There is a line down and the service provider is trying to get it back up. Guess I have to wait.
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March 02, 2018, 06:58:46 PM
 #36618

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…

So if one of our long term experts can tell me if this concept is right or wrong that would be helpful.  I use adobe flash with my signage business, so I can maybe come up with a "video" using these assumptions with the more fitting / easier to draw mining conveyor belt (similar to https://www.youtube.com/watch?v=pBIkfLm_8js) and colored pebbles.  But if my concept is totally wrong, then it would be a waste of most of a day's worth of time.  Some people said it would be better with 5 cookie jars (5 conveyor belts) which I would need a ton of clarification before I could do a video.  

i think the trick to a good understanding is to remove all the luck and random from the explanation kinda like i did above. might work best with the conveyor belt idea with a light showing the area being watched for pay and the chunks being the work ect the belt would jst show the moving nature of course u would need to color the rocks different colors to show work from all workers and give example of 1 color being watched i think. could have a little supervisor with a clipboard watching the moving rocks under the light lol Cheesy of course im jst a rookie and would love a pro chime in on the discussion to see if we are moving in the right direction here Cheesy

also have a couple of questions A) how do i get promoted from newbie here lol ?and B)how do i stop kano.is from kicking me out so i have to log in again to watch ma worker %'s? Cheesy
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March 02, 2018, 07:25:51 PM
 #36619

i think the trick to a good understanding is to remove all the luck and random from the explanation kinda like i did above. might work best with the conveyor belt idea with a light showing the area being watched for pay and the chunks being the work ect the belt would jst show the moving nature of course u would need to color the rocks different colors to show work from all workers and give example of 1 color being watched i think. could have a little supervisor with a clipboard watching the moving rocks under the light lol Cheesy of course im jst a rookie and would love a pro chime in on the discussion to see if we are moving in the right direction here Cheesy

also have a couple of questions A) how do i get promoted from newbie here lol ?and B)how do i stop kano.is from kicking me out so i have to log in again to watch ma worker %'s? Cheesy
Thanks Gaud.  I like the light / supervisor idea.  Maybe have a row for each block found on his clipboard with a count of the colors and percentage.  I am pretty sure that the Kano site counts everything once the block is found which is why it takes a little bit before the reward is calculated.  I did manage to come up with an immediate BTC per TH that minergain shares with all miners that is pretty close based on the shares submitted.

A) You get promoted on this site based on how long you have been signed up (and possibly how many posts).  B) Yes, the kano site keeps kicking you off.  You can use one of the other monitoring sites - minergain.com keeps you logged in for quite a while and eventually will auto-update the screen without having to hit refresh.

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Mike is a tiny miner: 8 S9, 1 D3, 6 RX470
I mine at Kano Pool, for better BTC Profits!
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March 02, 2018, 07:48:47 PM
 #36620

FUNNY!

I got the visit from local electrical company, called then right away rang the door bell, WIERD..
But I open the door, and she introduces herself, and then says that they were asked to come out and see why the meter read was so high.  I said, oh,  That is becuase I am using more power.  They kept prying and asking for more info, and I said, its going through the meter, trust me its legit.

Then I asked,  Hey, I thought you were not allowed to approach customers and ask them what they are using their power for?  She shut up pretty quick.  

I said, so if my meter read was "estimated" for two months, and the last one was on Dec 8, and again, no meter reads after that....  how did you determine that there was excessive usage here with the one meter read?   Blank look...

Funny, now I have to convince them that i used ALL that 18 000 kWh in December when it was the cheapest, 3.99 cents/kWh, now its 5.18 cents!
 HAHA  Next they will ask me why my gas meter read is so low... like less than 10 % of where it should be.

They actually by law are not allowed to ask what I am doing with my power, but yet they decided to do that.

I figure I'll save 260 dollars with the lower rate.
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