Thanks Kano!
Even this quick description is super helpful.
Personally, a lot of the abbreviations were tripping me up (e.g., 5Nd). So maybe just typing them out on your homepage would help?
The quick math examples were also super helpful to make things concrete and real.
Your explanation here makes it much more clear why there is "ramp up" time for me just plugging in my miner, and with this understanding, a new person may be more willing to stick around.
I know there are tons of resources and wikis, but just a suggestion to take some of what you just typed and include it on the homepage of kano.is to make it easy/clear for people to stick around.
Agreed. The whole thing also kind of threw me off and I ended up posting some (in retrospect) unnecessary posts on the forum. Now I think it is a nice pool. Though I wonder about its longterm viability without any new hashrate coming online. The title suggests 25Ph/s in 2014, which seems to have not changed much at all (we are now at 26Ph/s), with very much different difficulty and thus hugely diminishing returns. Yes, that is still currently over USD 4000/month in income (the 0.9%), but baring in mind the costs of IT infrastructure and admin time, the pools needs to grow in hashrate in order to keep its relative size. Eligius used to be a nice pool which has gone into oblivion (though i still wonder about his business model running a free pool).
I was also thinking about the the 5Nd thing, whether this really is just a statistical smoothing function (moving average) or wether it gives "old" miners a 5Nd (currently about 100h, but possibly not constant(
)) lead over new miners due to network difficulty changes every 14 days? Are new miners disadvantaged by this in that when their hashes are paid out the 5th time they are worth less (if a diff change has since occurred)? Maybe this has been considered before, but some explanation would be nice.