Suppose we have minhash signatures for two sets and we want to calculate the Jaccard similarity of the two sets. We have:
-> S1 S2
h1 0 1
h2 1 2
h3 2 0
h4 3 3
S1 and S2 have the same signatures in different orders. Is the Jaccard similarity 1/8 or 1(approximately)?
These are different hash functions, thus
h2(S1) == h1(S2)
means nothing. There is no sense in comparing values of different hashings. So to directly answer - similarity here is 0 (no collisions), so not 1/8 nor 1.