Quote from: comby on April 05, 2018, 04:49:57 PM

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well, waiting months for the same income as on slush would mean lots of lose - days/weeks are alot in crypto, if ill get 60% less as on slush for the first 4-6 weeks that would mean it's a high risk..

The pool hash rate for the last day is roughly 132.67PHs which means the 5Nd 'ramp' is roughly 6days 14hrs currently. You will not be getting less for weeks or months like you said. You just need a refresher on how 5Nd works. The bottom line is all pools over time get the expected number of blocks (100%) and it's the pool fees and transaction fees that determine how much the miner gets. Slush charges 1.1% more in fees than Kano does.

You will get your full pay based your your shares but it will be spread out over the 5Nd (6days 14hrs) and not all at once. You don't lose anything.

My take on a post from Kano a long while back:

The 5Nd "ramp" means it takes that long to reward your shares. It's not a punishment and the ramp isn't missing rewards, it's delaying them to reduce variance. Each share is rewarded in all the blocks found in the 5Nd after the share. That's simply how it reduces variance. Each share's reward is averaged out over the 5Nd after it.

How do the PPLNS payouts work?

The 5Nd "ramp" means the pool rewards 5 times the expected number of shares each time a block is found. So each share will be paid approximately 1/5 of it's expected value in each block it gets a reward, but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.

So, on the 1st block the pool hits when you start on Kano you get rewarded 1/5 of the value of the shares you submitted for that block.

On the 2nd block the pool hits you get 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block.

On the 3rd block the pool hits you get 1/5 of the value of the shares you submitted for the 3rd block plus 1/5 of the value of the shares you submitted for the 2nd block plus 1/5 of the value of the shares you submitted for the 1st block. It goes on and on like that until all of the value of the shares you summitted are paid in full.

That's also how you would continue to get payouts for the 5Nd ramp down period after you leave this pool.

This is a simplistic view of the 5Nd payout model because the it is also affected by luck. If pool luck was always 100% then each share is expected to be rewarded 5 times.

If pool luck is better than 100%, then the average share reward will be more than 5 times. (Love it when it hits 10-12 times!)
If pool luck is worse than 100%, then the average share reward will be less than 5 times.

The 5Nd really helps you out if your miners go down for a couple of hours or are down for a day. You would continue to be rewarded if the pool hits a block while you were down. I've seen pools where you would get nothing out of a block if you were down for just an hour or so when the block was hit. Grin