Re: [2900 TH] Kano CKPool (kano.is) from the cgminer devs [0.9% PPLNS]
Do not worry, kano.
I am very happy with the pool.
If people do not understand statistics, this is not your fault/problem.
keep up the good work
btw: If variance is a problem...
There is a very small PPS pool: www.btcmp.com
It is working since years. But as always: a pool is no bank.
Use it on your own risk
I am very happy with the pool.
If people do not understand statistics, this is not your fault/problem.
keep up the good work
btw: If variance is a problem...
There is a very small PPS pool: www.btcmp.com
It is working since years. But as always: a pool is no bank.
Use it on your own risk
yxt: I, too, like this pool (and some other smaller pools).
And I DO appreciate the work kano does and I'm on your side saying that kano does a good work.
And well, your remark regarding statistics - if you think someone who likes to discuss something just doesn't understand statistics....
Even IF everybody who's into mining would understand statistics, still many of them would do some pool hopping - just because the do ignore statistics due to the need to make a quick buck to pay electricity. My concern is that smaller pools will lose miners over the long run (look how miners obviously jumped from Eligius to Slush's) - and that the Chinese farms and some few other big companies will. at tjhe end of the day, be the only ones who stay in the race.
I'm not saying that I have the solution for this - en contraire. But I was hoping that someone may have an idea...
I fail to see how going from 5N to 2N would attract any new miners. If one of the people proposing that could describe it, that would be a discussion, but I see no discussion just assertion.
On the other hand, 5N reduces luck variance for the long-term miners, which is important for a pool that desires to keep people mining long-term. That has been described many times throughout this thread and others. Anyone who can't wait 5N for a full reward is unlikely to be patient enough to stay for long anyway. It boggles the mind why this pool isn't more popular, but I'm glad Kano is happy with the size it is. BTCGuild was ~10N and was extremely popular, so not everyone is statistically challenged.
It's like the reward experiment with little kids: Place a jelly bean in front of a 4 year old and tell her that she can eat it now, but if she can wait 5 minutes before eating it she can have a second one. 3 of my 4 kids waited. The majority of miners can't help themselves and eat the jelly bean right away.