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

[kano]

Work Diff if I set a high value, I understand that the shares will be smaller, but the chance to break the block will be higher? Or I something do not understand?

Work diff makes no expected difference.

If you set it higher you will get fewer shares with more variance, expecting the same overall result.

If you set it lower you will get more shares with less variance, expecting the same overall result, however the pool wont set it much lower than the value for 18 SPM (shares per minute) and no lower than the current lower limit of 442.

Neither affects the value of your best shares or block shares which will be way above that.

[kano]

One of the private nodes is (still) dead (since 13:12 UTC) so there was a failover on that causing the drop in hash rate that's come back up again.
I'm still awaiting the provider to sort it out.

This happened again at 08:59:32 UTC ... and I added some rather unhappy comments to the support ticket from yesterday ...
You know, if AWS LightSail just did 4 vCPU versions I'd switch most of the VPSes over to them in the blink of an eye ... hmm maybe 2 vCPU is enough, though I doubt it.

[shadowelite]

This right here is what i fooking love about kano.is
Now my s9 is on 247 and my 741 plus small miners r on every ither day for 10h to bump up my hashing power

...
thanks all for your replies, definitely a great community !
what i understood, if my T9 is not running 24x7, i would have very few chance to be successful using the PPLNS : (
have 3 days running but unfortunately interment, so, it looks like that is no good!
thanks

Not exactly, no.
What PPLNS does is spread your payouts out, not reduce them.
So although you may not reach the maximum reward per block for a T9, your expected reward is the % of time you mine.
So if you say mine 50% of the time, your rewards will expect to average out to 50% of a T9.

Those lines on the Help->Payouts page are very important:

The 5Nd means it takes that long to reward your shares.
The ramp isn't missing rewards, it's delaying them to reduce variance.

If you are always ramping up and down, you aren't expected to earn less than the time you are mining.
The only factor there is pool luck, which of course over the longer term is expected to approach 100% from above or below.

[DaTongue]

Hi there,

sorry to bother you with a question like that but, can you tell us where to find some "Newbie User Guide"? I heard about your pool and I'm hashing with it from yesterday but I can't understand how it's working, and how we can see if we are mining the right way or not. Maybe your pool is only for experienced users?

Thanks in advance for your help and your time...

DaTongue (aka JohnLock69 on Kano)

[BSGMiner]

Eh? Did no one read my reply?

I did. I was just trying to say it a different way since it seemed to have not hit home for some.

#MeToo. I like to think of it in real-world terms. So, he has a 741 that runs 50% of the time, which should roughly equal the same amount of work as my Avalon6 running 100% of the time (7 * 0.5 = 3.5).

Now, I don't know anybody on here who would say that I would make more money at PPS pool because the fees are higher, so why should he?

[heartlandmining]

Hi there,

sorry to bother you with a question like that but, can you tell us where to find some "Newbie User Guide"? I heard about your pool and I'm hashing with it from yesterday but I can't understand how it's working, and how we can see if we are mining the right way or not. Maybe your pool is only for experienced users?

Welcome.

If your worker page shows anything other than 0, you're doing it correctly provided you've set your payout address.

Here's where patience is a virtue.

What most new miners misunderstand is that you will not see any reward activity until we find a block.  So it is normal to have no rewards accruing.

When a block is found, your reward will be calculated based on your 5Nd hash contribution, which is what everyone is referring to when they cite your 'ramp up' and your 'ramp down.'

When rewards are distributed, your payment is sent out with a zero-fee or low-fee transaction, saving you fees but incurring an expected lag in making it into your wallet because it's a low-priority transaction.  If it hasn't been confirmed by the time we find another block, we'll confirm the transaction and send it on its way.  No other pool that I am aware of does this, which is a sole benefit to the miner.

Again, patience is a virtue.  

There is no newbie guide.  

[BSGMiner]

Hi there,

sorry to bother you with a question like that but, can you tell us where to find some "Newbie User Guide"? I heard about your pool and I'm hashing with it from yesterday but I can't understand how it's working, and how we can see if we are mining the right way or not. Maybe your pool is only for experienced users?

Thanks in advance for your help and your time...

DaTongue (aka JohnLock69 on Kano)

Welcome aboard! Rest assured that this pool is for newbies and experienced miners alike. Plus, you'll make more BTC here than elsewhere. As soon as we get our next block, you'll get your first reward as you ramp up towards 100% of your miner's capacity over the past 500% of the Network Difficulty.

Check out the kano.is > Help > Payouts section of the website.

Simply put, when you see your miner's advertised hashrate in the "Your N Avg" column of the website's Rewards section on the webpage, you'll know you're fully ramped up to full payments. However, you never lose anything during the ramp up. It's just delayed to reduce variance.

[nazzer]

Hi there,

sorry to bother you with a question like that but, can you tell us where to find some "Newbie User Guide"? I heard about your pool and I'm hashing with it from yesterday but I can't understand how it's working, and how we can see if we are mining the right way or not. Maybe your pool is only for experienced users?

Thanks in advance for your help and your time...

DaTongue (aka JohnLock69 on Kano)

Step 1: Login
Step 2: Check top right - Hash Rate is not 0
Step 3: Account -> Settings -> set your BTC payout address
Step 4: BTCBTCBTC

[heartlandmining]

And even more coupons spewing out today.  Someone is trying to clear out their inventory for sure.

[minergain.com]

This right here is what i fooking love about kano.is
Now my s9 is on 247 and my 741 plus small miners r on every ither day for 10h to bump up my hashing power

If you are always ramping up and down, you aren't expected to earn less than the time you are mining.
The only factor there is pool luck, which of course over the longer term is expected to approach 100% from above or below.

For those of you who might be wondering why anyone would do this, many power companies have higher daytime rates ($0.15 and more) and super low night rates (less than a nickel).  It averages out to be around the $0.10 to $0.12 that many US customers pay.  Having a system to power the miners off during the day and on at night dramatically increases the ROI.  The main issue is that it takes longer to pay off your fixed costs (miners, facilities, etc) and difficulty continues to grow.  

**edit - dramatically increases the "short term" ROI

[rifleman74]

This right here is what i fooking love about kano.is
Now my s9 is on 247 and my 741 plus small miners r on every ither day for 10h to bump up my hashing power

If you are always ramping up and down, you aren't expected to earn less than the time you are mining.
The only factor there is pool luck, which of course over the longer term is expected to approach 100% from above or below.

For those of you who might be wondering why anyone would do this, many power companies have higher daytime rates ($0.15 and more) and super low night rates (less than a nickel).  It averages out to be around the $0.10 to $0.12 that many US customers pay.  Having a system to power the miners off during the day and on at night dramatically increases the ROI.  The main issue is that it takes longer to pay off your fixed costs (miners, facilities, etc) and difficulty continues to grow. 

But if it's an equal 12 hour cycle (and most likely not), you're losing the "ramp" each time you start the miners back up the next day.  Wouldn't be the smartest thing to do IMO, but if you're short on cash, you're short on cash. 

[minergain.com]

But if it's an equal 12 hour cycle (and most likely not), you're losing the "ramp" each time you start the miners back up the next day.  Wouldn't be the smartest thing to do IMO, but if you're short on cash, you're short on cash.  

You gradually gain it, then gradually lose it, effectively cutting your hash rate in half (in your example).  But at least you get a consistent return (unlike faster ramp time pools).  Since business courses always train managers to utilize fixed costs as much as possible (for example running 3 shifts because the building costs pretty much the same empty or full), I think that running 24x7 is the best option to maximize the return on your investment in miners.  But yes, if you are short on cash to pay your power, it is an option.

[rifleman74]

But if it's an equal 12 hour cycle (and most likely not), you're losing the "ramp" each time you start the miners back up the next day.  Wouldn't be the smartest thing to do IMO, but if you're short on cash, you're short on cash.  

You gradually gain it, then gradually lose it, effectively cutting your hash rate in half (in your example).  But at least you get a consistent return (unlike faster ramp time pools).  Since business courses always train managers to utilize fixed costs as much as possible (for example running 3 shifts because the building costs pretty much the same empty or full), I think that running 24x7 is the best option to maximize the return on your investment in miners.  But yes, if you are short on cash to pay your power, it is an option.

Yep, we agree...let them mine 24/7 or at least a little bit during the day so you're building up that 5nd slowly but surely.


MINE ON WITH KANO-SAN!

[Experimenter]

As I understand, a 10TH/s miner working only 12 hours per day will give you the same profit as a 5TH/s miner working 24/7. There may be some variance, indeed, but that's expected even with the two identical miners working the same amount of time.
In my understanding, the 5Nd somewhat "spreads" your payouts, thus allowing for more or less equal payments even at times when your miner is off - nothing less, nothing more.

As long as your miner is capable to pay for itself (the electricity costs), it is generally a good idea to leave it mining. At the same time, it is not necessary to keep your miner working when electricity costs are higher than the miner will bring back to you.

[Yrth]

And even more coupons spewing out today.  Someone is trying to clear out their inventory for sure.

They are doing the same thing they have done in the past. When a competitor comes out with a rival product, they pull things like this to maintain their market share. Though I don't remember them being quite this aggressive with the coupons before.

How many will buy an Avalon or risk money on an as of yet vaporware Dragonmint miner, when you can get an antminer for almost half the price?

[minergain.com]

As I understand, a 10TH/s miner working only 12 hours per day will give you the same profit as a 5TH/s miner working 24/7. There may be some variance, indeed, but that's expected even with the two identical miners working the same amount of time.
In my understanding, the 5Nd somewhat "spreads" your payouts, thus allowing for more or less equal payments even at times when your miner is off - nothing less, nothing more.

As long as your miner is capable to pay for itself (the electricity costs), it is generally a good idea to leave it mining. At the same time, it is not necessary to keep your miner working when electricity costs are higher than the miner will bring back to you.

I believe you are right about the end profit in your first sentence.  I am not sure your payout spread statement is 100% accurate though.  As I understand the 5nd ramp, it is actually the shares your miner produces that are distributed over the 5nd (5 times the current difficulty), not your payouts.  It does end up with a similar net effect on payouts as what you stated assuming they come at an even pace.  So if you are 5% ramped for a block we find, you will get 5% of what you normally would have received.  If you are 75% for the next block, you receive 75%.  Once you are ramped up, you get 100% of course.  Then if you leave, your ramp starts declining.  If we find a block when you are at 50%, you will get half the payment.  You continue to receive payments on blocks we find until all of your miner shares have expired.

[Pecker]

And even more coupons spewing out today.  Someone is trying to clear out their inventory for sure.

I guess I don't receive the coupons?   Are they from Bitmain?  How much are they knocking off and what is price for new S9 with power supply?

How can I get my hands on a few of he coupons?  Is it a 1 per customer type coupon?

Thanks!

[ccgllc]

And even more coupons spewing out today.  Someone is trying to clear out their inventory for sure.

Think its more like "Lets try and retain some customers"...

[ccgllc]

I guess I don't receive the coupons?   Are they from Bitmain?  How much are they knocking off and what is price for new S9 with power supply?

How can I get my hands on a few of he coupons?  Is it a 1 per customer type coupon?

Thanks!

They are giving them out to existing customers.  Happy to pass $100 ones onto you as a Kano member bonus (or to anyone else here).  Just PM me your Bitmain account name.

[gaud]

And even more coupons spewing out today.  Someone is trying to clear out their inventory for sure.

Think its more like "Lets try and retain some customers"...

na asic boost out by mid year new chips by end year they want to sell u there garbage at full prices b4 they get stuck with it