Post
Topic
Board Pools
Re: KanoPool kano.is lowest 0.9% fee 🐈 Worldwide - since 2014 - 2429 blocks
by
kano
on 28/05/2020, 03:18:07 UTC
I've moved my reply here since it belongs here (as does Phil's ...)

I know kano has had a very small next to nothing tx fee block.

I don't recall if it was under 30 seconds for sure.  I think the clock times were 9 or 17 seconds.  He was close to a fee less block.

The smallest blocks we've found were obviously those very shortly after another network block when the mempool was close to empty, but not empty.
There's always between 0 and 30 seconds of network time for more transactions to appear, so that's why it's VERY rare for work to be empty.

Quote
So would you rather hit 5 blanks a month.  Or all the blanks have a small amount of tx fees but you don't get the 5 you lose one to a guy that went shortcut method.
This logic is incorrect.
A pool will find, on average, 1 block every 100% diff of work they do.
It doesn't matter if they are empty blocks, full blocks, or half full.
Bitcoin is not a race to be first to find a block, it is a random event.
You aren't losing a block to someone else.
Every hash you do has the same chance of finding a block.

When you find any block, the 'race' is to make sure your block gets out to the bitcoin network as fast as possible, so others will start working on top of your block, and not find another block based on the previous block, to replace your block and have an orphan race.

I would like to point out that lifetimes stats for luck on kano.is

are 101.17%   for 2429 blocks

...

My point is once BTC became valuable or more valuable

Kano.is has had really bad luck.
You are ignoring the CDF[Erl] and not applying any statistical results to your "really bad luck"
It isn't really bad luck, it's quite well within expected probabilities.

kano.is shows CDF[Erl] which states quite clearly how expected the results are:
Code:
Description             Time  Mean Diff%  MeanTx%  CDF[Erl]    Luck%   PAPPS%
Last 5 Blocks            40.1wks     135.99%  107.59%    0.8079   73.53%   78.41%
Last 10 Blocks           49.4wks     129.76%  105.51%    0.8326   77.06%   80.58%
Last 25 Blocks           62.9wks     106.75%  105.22%    0.6542   93.67%   97.68%
Last 50 Blocks           79.6wks     118.79%  103.28%    0.9032   84.18%   86.16%
Last 100 Blocks          91.2wks     107.33%  102.20%    0.7731   93.17%   94.36%
Last 250 Blocks         131.0wks     104.61%  104.48%    0.7699   95.60%   98.98%
Last 500 Blocks         153.8wks     108.21%  108.85%    0.9643   92.41%   99.68%
Last 1000 Blocks        191.8wks     104.15%  109.14%    0.9040   96.02%  103.85%
All - Last 2429 Blocks  295.8wks      98.85%  104.67%    0.2866  101.17%  104.94%