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

[kano]

"Yes" and "I don't know"
"Yes" I think so if difficulty adjusted every block, and "I don't know" (nor do I want to know) anything about LCC

From previous edit not sure you saw...


Edit:....So it clicked in my head on my hangup.  If rest of world shut off, then we would never throw work away. Every block we try to crack and dont crack, that is wasted hashpower.  So if we have no competition, every hash and all the work we send to the block will result in a block.  Right now we only have a very small percentage of actual work that results in a block.  How could that not speed up block generation over expected?

Work doesn't count towards finding a block.
There's no "almost there"

Using the dice example again (since yes it really is the same as bitcoin hashing):
If you roll a dice ten times and miss getting a "5 or a 6" you are no closer to getting a "5 or a 6".
It doesn't matter if you rolled and failed ten times, or a hundred times, the previous rolls don't affect the next roll, and don't affect your chances of the next roll getting "a 5 or a 6".

[Nick_01]

block is either found, or not ... and no half measures or halftones like: "here I went close touched lamborghini, but did not sit in it" does not exist

[itzazkrit]

I thought the number of zeros is some indication of how close we are to cracking a block.  doesn't it correlate to how much work has been done?  So for simplicity sake, and maybe this is where it goes to $hit, lets say we are working on block 1.  and the desire number of zeros is 10.  Weve hashed a while and we are up to 9 zeros.  Some other pool has been hashing and they get a working hash with 10 zeros before us.  Now all the work we did to get the 9 zeros is out the door.  However, if the other pool didn't exist, is it not the case, that there is less incremental work from 9 to 10 zeros, then from starting back at zero zeros?


I'll go back to the dice and see if I can finagle it in my head....

[kano]

Kano,

I started in like Sept. 17,  I watched payments (blocks, but we all really mean payments) that were coming out every day.   Sometimes, 4 to 5 times a day.  Now that the difficultly is so high, were getting 1 every few days, but in feb, well that just kiss the our a$S goodbye.  I really got to thank you for doing the "10 BTC giveaway to LARGE miners"  I actually did a "miner hop" in feb. even tho i didn't want to.  But this really helped coming back, making my mind up, so glad I did.

Well if you hopped away at the start of Feb, then you timed it well.

If you waited until the end of Feb ... not so good

Of course, you can't predict when luck will change, so hopping isn't expected to help unless there's something wrong with the pool you are mining on and thus they may continue to get bad luck until they fix it (which may be never ...)

[itzazkrit]

Kano,

I started in like Sept. 17,  I watched payments (blocks, but we all really mean payments) that were coming out every day.   Sometimes, 4 to 5 times a day.  Now that the difficultly is so high, were getting 1 every few days, but in feb, well that just kiss the our a$S goodbye.  I really got to thank you for doing the "10 BTC giveaway to LARGE miners"  I actually did a "miner hop" in feb. even tho i didn't want to.  But this really helped coming back, making my mind up, so glad I did.

Well if you hopped away at the start of Feb, then you timed it well.

If you waited until the end of Feb ... not so good

Of course, you can't predict when luck will change, so hopping isn't expected to help unless there's something wrong with the pool you are mining on and thus they may continue to get bad luck until they fix it (which may be never ...)

I left at the worst time.  I let us crack the fat 600lb bitch and then bolted.  I think I got a few on the ramp down.  It was a pain to get the notifications on my phone this month.  hence why I eventually hopped back on.

[shadowelite]

Block again by azlzamel 😍😍😍

[gaud]

   ding !!!  

[NotFuzzyWarm]

And another block by aalzamel!!
Thank you!

[rifleman74]

It's still Tuesday so it's BLOCK TUESDAY!   Called it 3-4 pages back.  



MINE ON WITH KANO-SAN!

[nazzer]

It's still Tuesday so it's BLOCK TUESDAY!   Called it 3-4 pages back.  



MINE ON WITH KANO-SAN!

Super Tuesday with an aalzamel double dip bonus!

[NomadGroup]

Holy smokes!  This guy is super lucky to hit 2 blocks in one day with just 132TH! 

Mine on! 

[itzazkrit]

"Yes" and "I don't know"
"Yes" I think so if difficulty adjusted every block, and "I don't know" (nor do I want to know) anything about LCC

From previous edit not sure you saw...


Edit:....So it clicked in my head on my hangup.  If rest of world shut off, then we would never throw work away. Every block we try to crack and dont crack, that is wasted hashpower.  So if we have no competition, every hash and all the work we send to the block will result in a block.  Right now we only have a very small percentage of actual work that results in a block.  How could that not speed up block generation over expected?

Work doesn't count towards finding a block.
There's no "almost there"

Using the dice example again (since yes it really is the same as bitcoin hashing):
If you roll a dice ten times and miss getting a "5 or a 6" you are no closer to getting a "5 or a 6".
It doesn't matter if you rolled and failed ten times, or a hundred times, the previous rolls don't affect the next roll, and don't affect your chances of the next roll getting "a 5 or a 6".

So I've been noodling on it for a minute and I think I'm starting to see it better.  The way I'm thinking about it is correct, payout is only based on your hashpower relative to the rest of the network, BUT only at the moment that difficulty changes.  From there, the pool hashrate rules the variation.  The effect of every pool in the world increasing hashrate would just increase block production speed, and then difficulty would adjust up after the 2016 blocks.  So if you tracked the % change in pool rate from when difficulty changed and applied that to what you calculate from payout at moment of difficulty change, it should correlate with reward.

[kano]

...
So I've been noodling on it for a minute and I think I'm starting to see it better.  The way I'm thinking about it is correct, payout is only based on your hashpower relative to the rest of the network, BUT only at the moment that difficulty changes.  From there, the pool hashrate rules the variation.  The effect of every pool in the world increasing hashrate would just increase block production speed, and then difficulty would adjust up after the 2016 blocks.  So if you tracked the % change in pool rate from when difficulty changed and applied that to what you calculate from payout at moment of difficulty change, it should correlate with reward.

Difficulty is what decides your expected reward per THs per time period.
Expected reward is typically called 100% PPS
It changes each 2016 blocks.

Your block reward depends on the pool hash rate.
If the pool hash rate 'expects' us to find a block every 2 days, then your Reward per block, at 100% PSS, and no Txn Fees, will be twice your expected daily 100% PPS ... since you only expect a block every 2nd day.

On top of that 'expected' 100% PPS you add transaction fees and subtract pool fees.

So e.g. if we find 2 blocks in a day when we expect one block every 2 days, that day you'd expect to be Rewarded 400% PPS + TxnFees - Pool Fees ... due to "400% luck" (for that day)
i.e. 'expect' 0.5 blocks a day, got 2 blocks = 2 / 0.5 = 4

That's also what the PAPPS% number is on the web site: MeanTx% * Luck% - pool fee

[Shazam!!!]

I love waking up to a BTClock!!! Thank you aazamel!!!


Edit: .......and the pool is at 88 Ph/s!!! Awesomeness!!!

[Philopolymath]

Congratulations on the recent lucky streak...
If you mined at Kano since August of 2017 you are now ONLY THIRTY-FIVE  (35) BLOCKS BEHIND 100% expectancy.
If you mined since Oct you are ONLY NINETEEN (19) BLOCKS BEHIND 100% expectancy

[Nick_01]

Urgently fix to 90+ 

[kremit]

Holy smokes!  This guy is super lucky to hit 2 blocks in one day with just 132TH! 

Mine on! 

I'd say he should probably try solo mining for a few days, but luck doesn't work that way so I'll just say I'm glad we can share in the luck

Chance of you finding a block in one day:    1 in 1,304.0 (132TH)
Chance of two blocks in one day: 1/(1304^2) = 1 in 1,700,416
So you're saying there's a chance......

[Nick_01]

Holy smokes!  This guy is super lucky to hit 2 blocks in one day with just 132TH! 

Mine on! 

I'd say he should probably try solo mining for a few days, but luck doesn't work that way so I'll just say I'm glad we can share in the luck

Chance of you finding a block in one day:    1 in 1,304.0 (132TH)
Chance of two blocks in one day: 1/(1304^2) = 1 in 1,700,416
So you're saying there's a chance......

but what about the one who earlier in March caught the block with 7 TX / S? if this is not luck then what is it?

[kremit]

Holy smokes!  This guy is super lucky to hit 2 blocks in one day with just 132TH!  

Mine on!  

I'd say he should probably try solo mining for a few days, but luck doesn't work that way so I'll just say I'm glad we can share in the luck

Chance of you finding a block in one day:    1 in 1,304.0 (132TH)
Chance of two blocks in one day: 1/(1304^2) = 1 in 1,700,416
So you're saying there's a chance......

but what about the one who earlier in March caught the block with 7 TX / S? if this is not luck then what is it?

Good point... of course they would have the same chance (1/1304) at solo mining, so then we're just gambling with an electricity bill  

[kano]

Holy smokes!  This guy is super lucky to hit 2 blocks in one day with just 132TH! 

Mine on! 

I'd say he should probably try solo mining for a few days, but luck doesn't work that way so I'll just say I'm glad we can share in the luck

Chance of you finding a block in one day:    1 in 1,304.0 (132TH)
Chance of two blocks in one day: 1/(1304^2) = 1 in 1,700,416
So you're saying there's a chance......

Anyone who solo mines with less than 20-30PH is a gambling addict.
The statistics are all very straight forward.