KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[thatguyontheinterweb]

Hi, I was doing some of my own math, probably not that good, but it makes sense to me, so correct me if I'm wrong.
Kanopool is currently hashing                                 ~5PH/s
Slushpool (what I mainly mine out of) is hashing at  ~6800PH/s
Worldwide is currently hashing                                ~150000PH/s
Blocks mined a day                                                ~150 blocks

I think it's accurate to say that depending on your pools size is the likelihood to finding a block.

So if there are 150 blocks a day mined and if your pool is mining 1EH/s, chances are you'll get 1 block a day compared to the total hash rate. Seems right to me because Slush averages about 6-7 blocks/day. So, applying this to Kanopool, 150 blocks/day * ~1/30000 of the mining share = 1 block/200 days. Is this about right? The odds of hitting a block depending how lucky/unlucky you are?

The last block Kanopool mined was 436 days ago, so chances are that the pool is well overdue. Which to me sounds like I should divert the few miners I have at Kanopool (about 50TH/s, just what I can do on my own). However, 1/30000 is just such a small chance that it may just be likely that getting that lucky may not happen.

I guess what I'm asking is, is my math accurate and can you add something that I may/may not know to add my miners in, albeit small? I want to help, but I can't deny the slow and steady of Slushpool.

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[paramind22]

mmpool just mined a block, and that's a pretty small pool.  I think it had been about 3 years for them.

[thatguyontheinterweb]

mmpool just mined a block, and that's a pretty small pool.  I think it had been about 3 years for them.

3 years...1 block...sitting 5-6x the hash rate of kanopool (currently). Gotta admire that dedication.

he share levels every once in a while in the discord channel, best so far this month is a 3.9T share.
Less than 5 times higher than that equals a block.
We've also had 5 over 1T so far this month, it's just random, we'll get the next one soon enough.

How do shares play into likelihood of getting a block? Why are you hoping for (I assume) ~15T share? Does the top left of the site show 60T share right now?

[kano]

...
The last block Kanopool mined was 436 days ago, so chances are that the pool is well overdue. Which to me sounds like I should divert the few miners I have at Kanopool (about 50TH/s, just what I can do on my own). However, 1/30000 is just such a small chance that it may just be likely that getting that lucky may not happen.
...

The 'may not happen' is a misunderstanding of the statistics.

The most obvious point being that every block is found by a single miner around 100TH or less.
So if we assume that every physical miner is around 100TH everywhere on every pool (but in fact most are less than that) then 'may not happen' is the same as saying that since each miner is only 100TH, none may ever find a block.
Yet every single block, found every day, is found by one of these miners somewhere on the planet.

The issue with a small pool is the fact that the expected time between blocks can be large.

However, to change another misunderstanding in your comment, the expected time to the next block is always 100% from now.
(there is no 'overdue')

When we will get the next block is completely random, but ... read Help->Luck
https://kano.is/index.php?k=poisson

[NotFuzzyWarm]

re: miner size and 'Luck'... As Kano said, each block is found by just 1 miner. I must add that it does NOT have to be particularly big/fast one.

2 years ago my "Lucky" r4 running 8-9THs found the third block in its lifetime by returning a diff of 151.7009T which is far beyond what is needed for any ridiculously high diff we will see in the at least near future. Hopefully many years out... Just goes to show it can easily be done with even a small miner if the miner software is working right.

[philipma1957]

mmpool just mined a block, and that's a pretty small pool.  I think it had been about 3 years for them.

4 years 9-11-2017 to 10-4-2021

btw I was due .7 btc from them on a few addresses and have only been paid on 1 address around .117

So I am owed about .583 btc at the moment.

In the 1000 plus blocks I mined here on kano's pool I was always paid.

So here is to kano for making his payments.

[BigIron8]

Well said, Phillip.

[kano]

Well I will add, it did indeed take me a long time to finally payout all that dust that was owed,
since it involved a whole new accounting system on the pool,
and was also a long time for me to prioritise writing the software to pay it ...
since it didn't add up to very much until BTC price sky-rocketed so all that dust was worth a tuck load more when everyone got it

Anyway, it was done and the pool now has a payout level option also
(that probably allows lower than most if not every other pool)
but that you can make higher than the original low level.

Now we need more blocks to make that great new accounting system, with 100% proof of payment, more useful

[thatguyontheinterweb]

The 'may not happen' is a misunderstanding of the statistics.

The most obvious point being that every block is found by a single miner around 100TH or less.
So if we assume that every physical miner is around 100TH everywhere on every pool (but in fact most are less than that) then 'may not happen' is the same as saying that since each miner is only 100TH, none may ever find a block.
Yet every single block, found every day, is found by one of these miners somewhere on the planet.

The issue with a small pool is the fact that the expected time between blocks can be large.

However, to change another misunderstanding in your comment, the expected time to the next block is always 100% from now.
(there is no 'overdue')

When we will get the next block is completely random, but ... read Help->Luck
https://kano.is/index.php?k=poisson

That is an interesting point you make, every block is found by one miner. Even the top of the line 110+TH/s miners are still a drop in the bucket. I guess it's not far off from my thinking on lotteries. Buying 1 vs 10 tickets doesn't really increase your chances all that much in the grand scheme. Quick question tho, I thought I remember seeing that BrainsOS does not work in your pool? I guess it is a proprietary software, so slush would want it to keep miners in theirs. I do have 2 A841's I could point to yours still if those s9's wouldn't work for the pool

[thatguyontheinterweb]

re: miner size and 'Luck'... As Kano said, each block is found by just 1 miner. I must add that it does NOT have to be particularly big/fast one.

2 years ago my "Lucky" r9 running 8-9THs found the third block in its lifetime by returning a diff of 151.7009T which is far beyond what is needed for any ridiculously high diff we will see in the at least near future. Hopefully many years out... Just goes to show it can easily be done with even a small miner if the miner software is working right.

How do you know if one of your miners was the one to find a block?

[NotFuzzyWarm]

re: miner size and 'Luck'... As Kano said, each block is found by just 1 miner. I must add that it does NOT have to be particularly big/fast one.

2 years ago my "Lucky" r4 running 8-9THs found the third block in its lifetime by returning a diff of 151.7009T which is far beyond what is needed for any ridiculously high diff we will see in the at least near future. Hopefully many years out... Just goes to show it can easily be done with even a small miner if the miner software is working right.

How do you know if one of your miners was the one to find a block?

Several ways:
For 1, my monitoring software tells me as soon as it happens
2, check your miner GUI - most will tell you if you found one
3, KanoPool lets every registered user know who found it. Just check the pool stats and the pool keeps full records of everything from day-1 of it starting.

[kano]

...
Quick question tho, I thought I remember seeing that BrainsOS does not work in your pool? I guess it is a proprietary software, so slush would want it to keep miners in theirs.
...

You can run that miner on solo mining here.
The non+ version is also free to run.
It's restricted on PPLNS since no one seems to ever report if the code actually finds blocks, and like all the hack firmware out there, the developers aren't interested in testing it either, they leave that as a problem for the people who use it.

[kano]

...
How do you know if one of your miners was the one to find a block?

Several ways:
For 1, my monitoring software tells me as soon as it happens
2, check your miner GUI - most will tell you if you found one
3, KanoPool lets every registered user know who found it. Just check the pool stats and the pool keeps full records of everything from day-1 of it starting.

4. The Rem bot in discord reports as soon as my home bitcoin node sees a block on the blockchain with the word KanoPool in the coinbase.
Then I'll report in discord, some time after that, the console line that shows who found it.

Also, the web site will immediately report any shares that hash to a block level even if the network rejects them for any reason e.g. stale, orphaned
If you are logged in it says who found it.
If they are stale or orphaned I'll do an analysis of the cause and report the findings in full detail.
We've never lost any blocks due to pool software failure or pool management (negligence)

[kano]

4. The Rem bot in discord reports as soon as my home bitcoin node sees a block on the blockchain with the word KanoPool in the coinbase.
Then I'll report in discord, some time after that, the console line that shows who found it.

As just happened

[NotFuzzyWarm]

[2021-10-26 01:34:33.197+11] _bloks_add(): BLOCK! Status: 1-Confirm, Block: 706643//...00003e1c44976d2b Diff 72.5T Reward: 6.304597, Worker: Sei_ski, ShareEst: 61886788304974.0 61.9T 326.67% UTC:2021-10-25 14:34:33.167625+00

Happy Happy Joy Joy!
The dry spell is over!

[MoparMiningLLC]

congrats to the pool!

[yxt]

finally 

[Tornado_of_Coins]

Congrats all!

[mikeywith]

So, I have a crippled S17 pro that doesn't hash at full speed and it's the last standing S17 pro of my collection, so instead of having to keep watching that gear on the primary pool I use, I "for fun" decided to give Kano.is a try just about a month ago, and Hoorah, I see some fat balance in my account.

The amount this crippled miner made me on this pool is probably 4-5 months worth of mining on another pool (probably more, too lazy to do that math), anyway, this shows that joining a small pool can be very rewarding at times.

Congrats to everyone.

[philipma1957]

4. The Rem bot in discord reports as soon as my home bitcoin node sees a block on the blockchain with the word KanoPool in the coinbase.
Then I'll report in discord, some time after that, the console line that shows who found it.

As just happened

So all 3 small pools hit in October nice.