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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1063. (Read 5352445 times)

newbie
Activity: 11
Merit: 0

Pool fees here are low, if you think they are too high, then by all means, mine somewhere with lower fees, that also pays txn fees to the miners, i.e. above PPS Smiley

Where is this coming from? O_o I didn't say anything about high fees, why this random invitation to mine somewhere else?

O_o
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4

1) Why pay when there is a option for FREE?


Not really free! By mining this transaction, since the space is limited, we are not mining other transaction(s) that would increase the reward (opportunity cost). Thus is the same thing to pay the fees first and then "get them back" on the next block. Same for pool and miners, but miners get the reward earlier!
The transactions in the work are not randomly ordered.
The ones effectively 'pushed off the bottom of the list' are the lower fee transactions i.e. they are not worth much or even could be zero fee transactions.

Pool fees here are low, if you think they are too high, then by all means, mine somewhere with lower fees, that also pays txn fees to the miners, i.e. above PPS Smiley
newbie
Activity: 11
Merit: 0

1) Why pay when there is a option for FREE?


Not really free! By mining this transaction, since the space is limited, we are not mining other transaction(s) that would increase the reward (opportunity cost). Thus is the same thing to pay the fees first and then "get them back" on the next block. Same for pool and miners, but miners get the reward earlier!
legendary
Activity: 952
Merit: 1003
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Hi all!

After some days testing I have to say I like this pool, seems to me that its well managed, transparent and cares about the well being of the network (no spv mining, and other things that escapes my knowledge)

Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

Cheers!

The fees to distribute payments to 780 wallets is pretty steep.  It would have to come either out of our payouts or out of Kano's pocket.  I would rather maximize our payouts and help keep Kano in business for as long as possible... Grin
hero member
Activity: 777
Merit: 1003
Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

1) Why pay when there is a option for FREE?

2) I am pretty sure Kano mentioned that was on the list of things to do, but it was really far down the list.
newbie
Activity: 11
Merit: 0
Hi all!

After some days testing I have to say I like this pool, seems to me that its well managed, transparent and cares about the well being of the network (no spv mining, and other things that escapes my knowledge)

Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

Cheers!
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?

independent spin of the wheel so to speak.


 A roulette wheel  does not give a damn that  you spun  red  on the last spin.

Each and every spin stands alone.

Yep!  We have the same expected chance of hitting every block...it doesn't matter what we did before and it has no effect on what we do after. Grin
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?

independent spin of the wheel so to speak.


 A roulette wheel  does not give a damn that  you spun  red  on the last spin.

Each and every spin stands alone.
member
Activity: 101
Merit: 10
Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Block by giorgosts with 80TH/s!  This is your 2nd Kano block and our 2nd of the day!  Cheesy Cheesy
newbie
Activity: 3
Merit: 0
I recently learned about the CKPool from a YouTube video, BitCoin Master I believe.

I like the shared fees, not-China and as a hobby miner with an S3 who is waiting for two S9s I think this is a better model than Antpool.  However, I do not understand the payout percentage.  I am sure this has been covered, but can somebody please provide the argument for a small miner using the pool and the level of predictability for payments?

Thanks!  I am happy to be joining the BTC world. 

I am using an S3. So far block payouts have ranged from 0.00027 - 0.00031. Payout Frequency runs from 3/day to 1/3 days with the average a bit better than once per day. By comparison, AntPool does a bit better than 1 block/hour, but is 25 times the size in terms of petahashes/hour, so it's probably equivalent, not counting fees. Maybe more consistent in terms of payout. I think they use a one payout/day model. I haven't mined with them.
hero member
Activity: 1610
Merit: 538
I'm in BTC XTC
Cheers to a friend known as afreund!  Macht gut!  Look at all those yummy payouts in the wallet, love it!!  Cool
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy
Yeah you were 10 minutes too impatient Cheesy

I figured I'd get the ball rolling somehow! Grin
sr. member
Activity: 276
Merit: 250
Once again, I've been very busy so haven't been here in over a week & this morning I saw that almost 70 hours with no block. So I grab a cup-o-Joe and catch up on reading everything here and bingo! block!
Guess I should check in every day so we don't have bad luck again. Sorry,  my fault  Wink

Mine on!
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy
Yeah you were 10 minutes too impatient Cheesy

Oh also it was a 19s network block so was not a lot of (good paying) transactions available and the smaller size as I mentioned before 88,888
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy

This was a really quick block only so it has very little fees in it...but it busted the monster for us!  Grin
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
we had a very bad run from nov 27 to jan 1

rest of the time we have been very good.

Yeah but it was actually a bit shorter than that - from the last block of November, as you said, but only up to the 745% block on the 16 December.
19 blocks and 1 orphan.

The CDF[Erl] for those 20 blocks
20 Blocks with a mean difficulty of 202.028% - yeah way high.
Gets: http://www.wolframalpha.com/input/?i=CDF%5BErlangDistribution%5B20%2C+20%5D%2C++2.02028%5D
= 0.999859 i.e. 1 in 7092 of being that or worse - sooooo very unlikely even for a very short run of only 20 blocks.

I've included the orphan in the block count since it was a valid block found and even sent out to the network first, but due to a complete double failure in the relay network at the same time as a GFW blockage sending it into china, it was orphaned by a block in china.
In that case, being orphaned was a systematic problem, not related to determining the CDF[Erl] when evaluating the probability of the data.

The whole month of December is 42 Blocks with a mean difficulty of 139.638% (again including the above orphan as a block)
since the remainder of the month averaged a mean difficulty of 106% for the last 21 blocks which is well within expectation.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
we had a very bad run from nov 27 to jan 1

rest of the time we have been very good.
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