Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1059. (Read 5352445 times)

Canaan didn't leave, they just cut their hash back to 230TH/s.  They probably finished burning in their latest batch of A741s and pulled them off of the shelf.  There has been some talk that they are taking over an existing data center somewhere so it's probably time to start moving in.

Canaan left.  I think they may be a Chinese firm who are starting their own pool.

What I want to know is why our THs is going down?  Currently at 19286 THs. Do people not want the good luck we are having, so they leaving to other pools

Man is it good to wake up and see 2 blocks for the day!

We have a nice little string of blocks going over the past couple of days!

So far 2017 is a good year for us.

Heh I missed seeing you post

No, it's PoW that matters (Proof of Work)
A valid share is Proof of Work.

A miner of X THs has 1/1000 of the chance of a miner of X PHs of finding a block.
So the X THs miner will expect to be rewarded 1/1000th of the X PHs miner.
The reward expectation is linear, with random variance, vs hashing power.

Everyone is simply trying to find a block.
The pool checks each share you submit to make sure it's a valid PoW and then the share is worth whatever the difficulty the work sent was assigned.

If your hash rate is expected to find 1 block a week, then you'd expect (on average) to be rewarded (here) a little more than the equivalent of one block a week.
You'd also expect to average finding 1 block a week while you mine here ... if the difficulty never changed

When you solo mine you are going to hit massive variance if your hash rate isn't in the 1PHs or greater range.
In the 10PH to 50PH range the variance is noticeable, like the pool here being ~22PHs but not unbearable for most.

Pooled mining has 3 main reasons:
1) Reduce variance by being part of a large pool of miners sharing the blocks found based on PoW
2) Reduce your risk of losing blocks if the pool has good block distribution, we do of course have awesome block distribution
3) Reduce mining cost (for a fee) by not having to setup and maintain servers to do that block distribution ... I do all that
Fees here are lower than all the larger pools and even lower than solo ... and I don't expect a tip either

Excellent!
I updated my post as you replied

Edit: so that means S9v2 means any of S9, R4 or T9 with the latest firmware

It's a T9.only brought it online around 3 days ago. Glad it's finding blocks

Block! by moecarrim
1.15BTC txn fees
S9v2

Yeah, I had read about that fat sucker on the forum on my phone, but to see it "in person" right in front of me is damn impressive!!! Wow~ 14.42762603 BTC 
One or two of those each week would certainly put a nice grin on my face!! 

 Or Sweden

Heh - well - the pool hash rate hasn't gone down ... ... ... north pole

Yeah, mine 3 weeks but very fun. Canaan just withdraw alot of miner from our pool. I think canaan prepairs to release some new model?

Well timed? Only a few hours after the 4 payouts had matured
Glad we got that extra other one before it

Probably an S7

Wow block and 4 payouts

Block by Ooitsme with 174TH/s!  Welcome to the Acclaim Board with your 1st Kano block! This is our 1st of the new day! 

And a flood of payouts as well! 

So if I am solo mining and I have 2 machines then they are fighting against each other really. They are both doing their own thing completely ignorant of each other.

I guess I am not understanding how a pool actually works then.  Is this where the 'shares' come into play?  Are all of our individual machines sending our best shares to some overlord node server or is something using all of our hash power combined?  Ie some communication is there to use all the hash power for the combined good of the pool?   

Actually - if one chip fails, it doesn't matter if a work item is divided up so each chip is doing a part of the nonce range, or if each chip is doing a full nonce range of work.

Each hash has the same chance of finding a share or a block, even if you don't mine the full nonce range for each work item.

The old icarus code is a good example of that, where it's a case of working out the time to complete a full nonce range and send it new work before it completes and goes idle, thus it never actually completes the full nonce range.

So the answer to the original question is ... that's up to the manufacturer how they do it and it doesn't matter
(Edit: as long as they count hashes properly to display their hash rate - but that also wont affect the pool displayed hash rate which will not be affected by a miner counting issue, if it had one, when chips 'die')

I'm pretty sure each core in each chip is doing it's own thing.  Otherwise you couldn't map out the bad cores and continue mining with it.

Great luck lately    Nice to see the fat chunk of a block too! 

I guess as the commercial use of BTC increases the fees will be larger in volume and miners can make a living off mining the fees (when block rewards halve and halve into nothing).  Also presuming a much higher BTC value.

I am struggling to find some information out.  I have been wondering about the asic chips in relation to a mining machine.  Is each chip doing its own thing or do all the chips in a machine work together to collectively create a nonce?