KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2440 blocks

[firetreeactual]

[

Nicehash allow you to point all the hashing power to Kano.is?  How many hrs do you get to use 100TH for that $500?  Hmmm.......I may look into this as that sounds like a good gamble for a great pool such as Kano.  

When renting their rigs, yes. is it gambling, maybe. Everything in life is

Nicehash has a calculator when placing an order. Give it a shot

I asked the same question few pages ago but nobody answer me. How much will i gain if i rent 100th for let say 12 h, and in that time if we solve 5 blocks or 1, doesnt mater? Im confused because of the 5nd pplns.
Thanks
[/quote]

You're looking for a quantified answer to an unquantifiable question, my friend. Very briefly...the pool solves 5 blocks, you share in 5 blocks. The pool solves 1 block, you share in one block. That's it. That particular result doesn't have anything at all to do with your individual hash rate. There's no magic formula, as mining by its very nature is truly random. One can statistically predict chance of a given occurrence of anything under given conditions...but it's only a number and has no definitive relationship to the real world.

Me...I analyze the crap out of whatever pool resource I'm looking at, and go with what I see as (1) their relative frequency of block solution vs. number of workers, (2) my total hash rate vs. the pool's collective hash rate, (3) being able to transparently track rewards, and (4) the reputation and perceived akamai (Hawaiian for "smarts") of the operator(s). I was with Slush's Pool for some time, then my principal wanted to try solo for a bit and so we did on solo.ckpool, but now I've got "da boys" (the present 5 miners) pointed to kano.is for a week or so to compare results to what we were getting prior. I believe we'll probably stay here, but it isn't all my decision.

I don't know if that's helpful. Best to you.

[nhando]

With the current pool luck = Definitely profitable, however past results doesn't guarantee future results.  Just fun to learn different ways to play this game.  Upgrading my electric so my power is out for a day, that's why I curious about this so I at least still be part of the Kano pool fun.

P.S DMWardjr have enough power to run the entire Cul-De-Sac.  Haha

[firetreeactual]

[

Nicehash allow you to point all the hashing power to Kano.is?  How many hrs do you get to use 100TH for that $500?  Hmmm.......I may look into this as that sounds like a good gamble for a great pool such as Kano.  

When renting their rigs, yes. is it gambling, maybe. Everything in life is

Nicehash has a calculator when placing an order. Give it a shot

I asked the same question few pages ago but nobody answer me. How much will i gain if i rent 100th for let say 12 h, and in that time if we solve 5 blocks or 1, doesnt mater? Im confused because of the 5nd pplns.
Thanks

Hard to say.... Try to play over the full 5ND cycle.
You will start losing money at start (investment period,) but you could come up ahead.

Here is data I found. make what you want out of it

- Nicehas (NH) has reports that average rental price for last 30 days was 0.0053 BTC per TH/s - WestHash
- You need to add 3% fee on top of that as that is how much NH scrapes of every order you place. That will put you at about 0.00545 BTC per TH/s
- Zach CKpool monitor says that if you were on Kano pool for a 30 days, you should made about  0.00585963 BTC per TH/s
- Delta in between these two should be a profit I guess

Maybe I am wrong in the statement above, but I am running 30 days project to test the theory.

Hope this helps.

ZemCoin
[/quote]

That's interesting, Zem. We ran Slush's Pool for several months and were getting a consistent 30-day yield of 0.24-0.28 BTC with 2.9Th/s...or about .08 to .09 BTC per Th/s. Quite a difference from Zach's figure. Gonna have to watch this thing carefully, I guess. I'm only running 7 days of test here; if it doesn't at least meet our previous experience, and slightly better than the same stats for the same period as Slush, I'll have to move it back to Slush.

Onward. 

[flikflak]

@bittalc1

Nerarly nobody can give you an estimate on your revenues in the future.

If you know what you'd pay for a 12h rent, then you can test it simply with the past blocks. With 12h you get around 16-18 shares. I think you get at least 1 block in the 5Nd and if we are really lucky 3-5 blocks within 12h.

[baazju]

Yep it is all pretty random. Anyone who has been renting hash over the past 5 days will without a doubt have made money if they were renting at .0050 (which seems like you can get away with 0.0048 and still get hash power). But we could spend the next 5 days trying to knock out 1 block, so you never know for sure.

[ZemCoin]

[

Nicehash allow you to point all the hashing power to Kano.is?  How many hrs do you get to use 100TH for that $500?  Hmmm.......I may look into this as that sounds like a good gamble for a great pool such as Kano.  

When renting their rigs, yes. is it gambling, maybe. Everything in life is

Nicehash has a calculator when placing an order. Give it a shot

I asked the same question few pages ago but nobody answer me. How much will i gain if i rent 100th for let say 12 h, and in that time if we solve 5 blocks or 1, doesnt mater? Im confused because of the 5nd pplns.
Thanks

Hard to say.... Try to play over the full 5ND cycle.
You will start losing money at start (investment period,) but you could come up ahead.

Here is data I found. make what you want out of it

- Nicehas (NH) has reports that average rental price for last 30 days was 0.0053 BTC per TH/s - WestHash
- You need to add 3% fee on top of that as that is how much NH scrapes of every order you place. That will put you at about 0.00545 BTC per TH/s
- Zach CKpool monitor says that if you were on Kano pool for a 30 days, you should made about  0.00585963 BTC per TH/s
- Delta in between these two should be a profit I guess

Maybe I am wrong in the statement above, but I am running 30 days project to test the theory.

Hope this helps.

ZemCoin

That's interesting, Zem. We ran Slush's Pool for several months and were getting a consistent 30-day yield of 0.24-0.28 BTC with 2.9Th/s...or about .08 to .09 BTC per Th/s. Quite a difference from Zach's figure. Gonna have to watch this thing carefully, I guess. I'm only running 7 days of test here; if it doesn't at least meet our previous experience, and slightly better than the same stats for the same period as Slush, I'll have to move it back to Slush.

Onward.  
[/quote]

I guess this is your 30 days yield with 2.9 TH/s is 0.24-0.28 BTC, which is about 08 to .09 BTC per Th/s
 
To top my math above, you will need to multiply my 0.00585963 number by 30 (days), which give's you about 0.1757889 BTC per TH/s (Earnings over 30 days). Zach number is only TH/s average over last 30 days, not a total earning.

Hope this helps. Can any of other math wiz's validate the math above?

Zem.

[bittalc1]

Thanks for the answers guys, that cleared alot. I will read it few more times just to be sure . Have a nice day

[nhando]

I put offer to buy 10TH for .005.  Let's see how it works out before I do 100TH.  =)  This is fun, it's off to the RACE on KANO with the Rental!!!  $6.50 for up to 10TH of fun and a little less than 8hrs!!  The TH speed goes up and down based on how many people willing to bid for your request.  I bought for up to 8hrs of 10TH but it's now showing over 13hrs as I'm currently getting less than 5.3TH of mining power.  

[baazju]

Prices must have gone up quite a bit, I was renting consistently at .0046 for a while last week.

[ZemCoin]

Prices must have gone up quite a bit, I was renting consistently at .0046 for a while last week.

Yup, over last few days. More competition (more high TH/S orders) I guess.

Zem

[baazju]

I was lucky, rented just long enough to have my shares good for all of the big block days we just had. Probably 250% profit or so. Now I'm scared to rent again, might lose the profit, risky business.

[firetreeactual]

[

Nicehash allow you to point all the hashing power to Kano.is?  How many hrs do you get to use 100TH for that $500?  Hmmm.......I may look into this as that sounds like a good gamble for a great pool such as Kano.  

When renting their rigs, yes. is it gambling, maybe. Everything in life is

Nicehash has a calculator when placing an order. Give it a shot

I asked the same question few pages ago but nobody answer me. How much will i gain if i rent 100th for let say 12 h, and in that time if we solve 5 blocks or 1, doesnt mater? Im confused because of the 5nd pplns.
Thanks

Hard to say.... Try to play over the full 5ND cycle.
You will start losing money at start (investment period,) but you could come up ahead.

Here is data I found. make what you want out of it

- Nicehas (NH) has reports that average rental price for last 30 days was 0.0053 BTC per TH/s - WestHash
- You need to add 3% fee on top of that as that is how much NH scrapes of every order you place. That will put you at about 0.00545 BTC per TH/s
- Zach CKpool monitor says that if you were on Kano pool for a 30 days, you should made about  0.00585963 BTC per TH/s
- Delta in between these two should be a profit I guess

Maybe I am wrong in the statement above, but I am running 30 days project to test the theory.

Hope this helps.

ZemCoin

That's interesting, Zem. We ran Slush's Pool for several months and were getting a consistent 30-day yield of 0.24-0.28 BTC with 2.9Th/s...or about .08 to .09 BTC per Th/s. Quite a difference from Zach's figure. Gonna have to watch this thing carefully, I guess. I'm only running 7 days of test here; if it doesn't at least meet our previous experience, and slightly better than the same stats for the same period as Slush, I'll have to move it back to Slush.

Onward.  

I guess this is your 30 days yield with 2.9 TH/s is 0.24-0.28 BTC, which is about 08 to .09 BTC per Th/s
 
To top my math above, you will need to multiply my 0.00585963 number by 30 (days), which give's you about 0.1757889 BTC per TH/s (Earnings over 30 days). Zach number is only TH/s average over last 30 days, not a total earning.

Hope this helps. Can any of other math wiz's validate the math above?

Zem.
[/quote]

I see. I got the impression the number he was quoting was for 30 days. So, they're not THAT far apart. There's a significant difference in criteria, I think, for us folks who are running our own hw/farms and the renters...an even greater difference between us who don't have to pay for power, and those who do, and what the relative cost of the power is. That's what has drawn me to BTC...it's new ground, gonna impact the world, and us folks are on the point. It's not about money any more for me and my principal...it's about the principle (pun intended).

Just wish (again) that I had not "bailed" on the BTC thing years ago when it was new, and I had mined over 1K BTC (which at that time would buy a soda at McDonald's), then lost the wallet when the laptop HDD died without my backing it up (yeah, dumb with a "D"). Today, all I and my principal are looking for is to accumulate a modest BTC base for retirement security.

Mine on, my friends.  

[dmwardjr]

Is that it? I have a nuclear reactor in my shed that is powered by the radioactive material found in smoke detectors....

lol .... just kidding

lol...

I'm also working on an invention to breed and cultivate cock roaches with miniature turning wheels for them to run inside to turn the wheels on generators.  My son is down with it but my wife is having a hard time accepting the concept.

[dmwardjr]

Good Luck Buddy!

Thanks, man!

[dmwardjr]

Mind if I ask the rough cost?  Sounds like a large investment to me for only 8 - 16 months of use.  Although that'll be one awesome selling point to the house.  I can see the listing.  3 bath 4 bedroom quiet neighborhood 800 AMP SERVICE!

More green blocks!!!

I'll keep you updated on the cost once I get all my quotes.  The reason for the upgrade is to power up the 12 other rigs sitting in a closet waiting for power and to use 80% of my profits after power costs each month to add more rigs.  I found it would be cheaper over an 8 to 16 months period to upgrade my power than to find a place with the power I need and pay a monthly rent of approximately $3,000 to $4,500 on top of what I would pay for power usage.  I can have the rent cost of a building covered with this power upgrade in no more than 4 to 5 months for sure.  I will have added more value to my home for anyone who may want to add on or put another building in the back yard.  I will have the convenience of all my rigs being under the same roof I live in without having to drive to another location at odd hours for whatever reason.  There are definitely more pros than cons.  It just made more sense to me.

EDIT: by the way, 4 bedrooms 3 baths.

[Mikestang]

If you flip a coin and get tails 10 times in a row, what are the odds of getting tails on the next flip?  The answer is 50%.  The exact same as it was on each of the previous 10 coin flips.  

What if you eat chicken before the 11th flip?

The point I was trying to make that you all seem to be over looking is this:

What are the chances that your coin flipping will always 100% of the time yield heads vs. the chances of your coin flipping yielding a mix of heads and tails?  This isn't about what comes up next, it's the probability of one set of outcomes vs the probability of another set of outcomes, a completely different analysis than "what comes next".

Probability of sets is completely separate from Gambler's Fallacy.

[generalt]

I'll keep you updated on the cost once I get all my quotes.  The reason for the upgrade is to power up the 12 other rigs sitting in a closet waiting for power and to use 80% of my profits after power costs each month to add more rigs.  I found it would be cheaper over an 8 to 16 months period to upgrade my power than to find a place with the power I need and pay a monthly rent of approximately $3,000 to $4,500 on top of what I would pay for power usage.  I can have the rent cost of a building covered with this power upgrade in no more than 4 to 5 months for sure.  I will have added more value to my home for anyone who may want to add on or put another building in the back yard.  I will have the convenience of all my rigs being under the same roof I live in without having to drive to another location at odd hours for whatever reason.  There are definitely more pros than cons.  It just made more sense to me.

EDIT: by the way, 4 bedrooms 3 baths.

If the numbers work out, then definitely the way to go.  Just sucks you have to shut down for a couple of days.  Good luck to you!

[flikflak]

If you flip a coin and get tails 10 times in a row, what are the odds of getting tails on the next flip?  The answer is 50%.  The exact same as it was on each of the previous 10 coin flips.  

What if you eat chicken before the 11th flip?

The point I was trying to make that you all seem to be over looking is this:

What are the chances that your coin flipping will always 100% of the time yield heads vs. the chances of your coin flipping yielding a mix of heads and tails?  This isn't about what comes up next, it's the probability of one set of outcomes vs the probability of another set of outcomes, a completely different analysis than "what comes next".

Probability of sets is completely separate from Gambler's Fallacy.

Well, you are right. There is no connection between flipping a coin the 1st and 2nd time. Its the same with lotto numbers.

But, if you had chicken before the 11th flip, then your coin is landing on its edge. (might be a 1.67*10^-4 chance, depending on the coin you use)  

[cryptichermit]

If you flip a coin and get tails 10 times in a row, what are the odds of getting tails on the next flip?  The answer is 50%.  The exact same as it was on each of the previous 10 coin flips.  

What if you eat chicken before the 11th flip?

The point I was trying to make that you all seem to be over looking is this:

What are the chances that your coin flipping will always 100% of the time yield heads vs. the chances of your coin flipping yielding a mix of heads and tails?  This isn't about what comes up next, it's the probability of one set of outcomes vs the probability of another set of outcomes, a completely different analysis than "what comes next".

Probability of sets is completely separate from Gambler's Fallacy.

I hear you on the law of averages, however current or past luck in the "long" run doesn't really have much to do with meeting that average.
It's true that given a completely fair coin and toss of said coin - there is always a 50% chance on each and every individual toss.
Probability of outcome or law of average is based upon an undetermined - possibly "infinite" amount of time.  And the law of average works as such:
Currently the pool luck is "high" - 116.79% for the last month of mining, however each and every block average probability would be 100% in the future from this point forward.
Eventually the nearing of the 100% over the long run will reduce the overall long run average.  The only way that won't happen is if "Good Luck" continues.
The other factor is if it's possible to do something that yields a slight advantage for finding blocks.  Perhaps the work that Kano and C do gives the pool an advantage.
It would be like if a coin was slightly weighted or the individual tossing it, tossed it in a specific manner that reduced the randomness of the outcome.


http://math.stackexchange.com/questions/845379/betting-gamblers-fallacy-vs-law-of-large-numbers

[baazju]

We are all forgetting that we are talking about CKPool, so the odds are always in our favor