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Author Topic: KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks  (Read 5349940 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (50 posts by 3+ users deleted.)
Waztim
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March 02, 2018, 11:32:20 PM
Merited by Shazam!!! (1)
 #36641

Kano runs a good pool. Would it be better if we had 200PH, sure, but we don't, we have about ~50PH. I was here when we had 25PH. With that said, Global Hash Rate has gone up considerably, with that difficulty has gone up as well. More fish trying to feed in the same pond = less food for each fish. As long as we find between 4 and 10 blocks a month, mining here makes sense. I am not mining for instant profit, I am mining to accumulate Bitcoin, period. There are only 21 million ever to be created. It is estimated that 4 to 5 million have been lost forever. So that leaves 16 to 17 million Bitcoin across 7.2 billion people. Do the math. The fundamentals are that, over time, Bitcoin will rise in price ex-potentially. Bottom line is this, KANO Pool is the Best Bitcoin Mining Pool on Earth, if you can't stand the heat, get out da kitchen, but if you can...... MINE ON WITH KANO-SAN!!BTC  
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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sruyle
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March 03, 2018, 12:01:54 AM
 #36642

So, all it took was recovering from a tide-pod and we had a block. Woohoo. BLOCK!
burp.

May we have another please?

and...
wouldn't you know that within 1 hour of going to the airport for a week long work trip, my s7 would go offline.


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March 03, 2018, 12:12:29 AM
 #36643

Blockkkkk
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March 03, 2018, 12:13:31 AM
 #36644

Welcome to the weekend BTClock party!

DanceMINE on!

Vega 56 | Vega 64 | RX580 | GTX1070 | 1050Ti | S9 | L3+
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March 03, 2018, 12:15:13 AM
 #36645

WooT!

Donate BTC to: 1PXBBTLqXQnT9qAyWsc51XGj2GUt4WW57x
wavelengthsf
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March 03, 2018, 12:16:54 AM
 #36646

There's another reward for the last 5ND shares!
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March 03, 2018, 12:30:31 AM
 #36647

BOK, BOK, BLOCK!!
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1xA921 + 1xA741 + Backup-->1xA6 ;)


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March 03, 2018, 12:33:12 AM
 #36648

AAAAAAaaaaaawwwwwww, yyyyyyyyeeeeeeeeaaaaaaaaaahhhhhhh!!!!!!


The BTCest mining pool (<1% fee): KanoPool
***PPLNS rewards averaged over the 5Nd to reduce variance***
Shazam!!!
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March 03, 2018, 12:36:41 AM
Last edit: March 03, 2018, 02:30:03 AM by Shazam!!!
 #36649

I'll drink to that!!! Shazam!!!

Edit: Tennessee Whiskey ofcourse, ole number 7!!!

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
I mine BTCitcoin at a non-Corporate pool with no hidden fees, no empty BTClocks: Kano Pool   ■ get Kano Pool signature banners here ■
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March 03, 2018, 12:38:40 AM
 #36650

BOK, BOK, BLOCK!!

Thank You!   May we have another!
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March 03, 2018, 12:45:00 AM
 #36651

Yeaaaaaaah!

https://m.youtube.com/watch?v=6YMPAH67f4o
WBF1
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March 03, 2018, 12:49:18 AM
 #36652

If yer looking to win the contest he has said he learns best with a visual representation.

I don't really care much about the contest. But I did make some rudimentary drawings a page or two back.

I just cant imagine making it any easier than what I have previously written/drawn. Mining isn't a hobby for children. Nor for idiots trying to get rich quick without taking more than 10 seconds to understand what they're doing.

...anyway

Come on green blocks!
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March 03, 2018, 12:51:34 AM
 #36653

...
- All else being equal, on a long enough time scale, the ONLY thing that makes one pool pay more than others is a lower pool fee.
...
Yes, but the "All else being equal" also includes pool hash rate to some extent.
If the pool gets too small - as I've been trying to avoid over the last couple of months and will hopefully have some more hash rate here soon again - the diff changes also can affect your reward dramatically.

This is why I mention on occasion "as long as we are expected to find a number of blocks each diff change"
The issue is that if you're mining for multiple diff changes per block, then your reward loses around half the diff change from start to finish.

A simple example is that since 13-Jan difficulty has increased by 55.73% (yeah that's a scary number)
So if you were mining from say 10-Jan to now and then found a block, you'd actually lose over 25% of your expected reward!
All your shares from then to now have different PPS values, but your reward is based on 'now', the much worse PPS value.

This also affects us here to a lesser extent due to the fact we don't expect to find many blocks per diff change.
Thus why I'm trying to get that hash rate back up again.

Small pools like to pretend this doesn't happen Smiley

So basically this is a bad side effect of the N in PPLNS stretching over difficulty changes?
kano (OP)
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March 03, 2018, 01:09:32 AM
 #36654

...
- All else being equal, on a long enough time scale, the ONLY thing that makes one pool pay more than others is a lower pool fee.
...
Yes, but the "All else being equal" also includes pool hash rate to some extent.
If the pool gets too small - as I've been trying to avoid over the last couple of months and will hopefully have some more hash rate here soon again - the diff changes also can affect your reward dramatically.

This is why I mention on occasion "as long as we are expected to find a number of blocks each diff change"
The issue is that if you're mining for multiple diff changes per block, then your reward loses around half the diff change from start to finish.

A simple example is that since 13-Jan difficulty has increased by 55.73% (yeah that's a scary number)
So if you were mining from say 10-Jan to now and then found a block, you'd actually lose over 25% of your expected reward!
All your shares from then to now have different PPS values, but your reward is based on 'now', the much worse PPS value.

This also affects us here to a lesser extent due to the fact we don't expect to find many blocks per diff change.
Thus why I'm trying to get that hash rate back up again.

Small pools like to pretend this doesn't happen Smiley

So basically this is a bad side effect of the N in PPLNS stretching over difficulty changes?
No, not exactly.
It's the bad side of blocks stretching over multiple difficulty changes.
For the N in PPLNS, it affects people ramping up or down.

Once you've ramped up, your reward 'matches' your hash rate when the block is found, since that is (expected to be) your hash rate for the last 5Nd also.
The variance the 5Nd deals with is during changing hash rates.

If you have the same hash rate (forever) then the 5Nd makes no difference to you after you've ramped up, until you ramp down.

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
Discord support invite at https://kano.is/ Majority developer of the ckpool code - k for kano
The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
A.Delaney
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March 03, 2018, 01:23:05 AM
 #36655

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.

East Coast? we're getting crazy winds today...

No Just some freak incident here with a down line.
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March 03, 2018, 01:27:48 AM
 #36656

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.

The good news is that because of the 5ND, you won't lose much rewards.

Likely your internet went out, or you could've lost power.



This is why I love this pool right here. My internet went down all day. I just finally got things back up and running. In the meantime we find a block and since I was fully ramped up. I got basically my normally payout. Never would have happened anywhere else. We've had a rough go at it lately with blocks. Go figure my internet goes down and we find one. I'm pumped.
clgrissom3
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March 03, 2018, 02:22:59 AM
 #36657

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.

The good news is that because of the 5ND, you won't lose much rewards.

Likely your internet went out, or you could've lost power.



This is why I love this pool right here. My internet went down all day. I just finally got things back up and running. In the meantime we find a block and since I was fully ramped up. I got basically my normally payout. Never would have happened anywhere else. We've had a rough go at it lately with blocks. Go figure my internet goes down and we find one. I'm pumped.

It's for reasons such as this when 5Nd really comes in handy Grin

Good to see a 24.5% block!  We needed that! Cheesy
qrnode
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March 03, 2018, 02:42:25 AM
 #36658

Once you've ramped up, your reward 'matches' your hash rate when the block is found, since that is (expected to be) your hash rate for the last 5Nd also.
The variance the 5Nd deals with is during changing hash rates.

If you have the same hash rate (forever) then the 5Nd makes no difference to you after you've ramped up, until you ramp down.

Kano's post above is why the 5nd ramp up is a non-issue for me. 5nd reduces pool variance. For miners this is helpful to not miss rewards if you need to do miner maintenance or have power/internet outages.
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March 03, 2018, 02:43:00 AM
 #36659

If yer looking to win the contest he has said he learns best with a visual representation.

I don't really care much about the contest. But I did make some rudimentary drawings a page or two back.

I just cant imagine making it any easier than what I have previously written/drawn. Mining isn't a hobby for children. Nor for idiots trying to get rich quick without taking more than 10 seconds to understand what they're doing.

...anyway

Come on green blocks!

And they were very nice. The caveat is that padrinogtr needs to be able to understand it well enough to explain it. I think this will be a useful exercise for everyone else to understand and make for a fool proof method of explanation for future newbies.

I was looking for a way to pass the hash (not to be confused with hashish). Padrinogtr was having a hard time understanding it and it is quite the hot topic, so it was a good opportunity. That would have been 2 blocks under the contest if there were a winner. If it goes too long and I lose interest it would be a shame, but I would find another way to help the smaller guys out for fun.

Nothing happens until something moves.

MINE ON WITH KANO........except DPoS2
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March 03, 2018, 02:57:54 AM
 #36660

Welcome Sidewinder!!
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