Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1206. (Read 5352527 times)

Point taken, Kano-San. (But I'm still laughing imagining your web site with animations of people with pick-axes & ads for hookers. That would indeed be horrible!)

I know I'm a small miner but I'd like to think my hash helps a little bit. Perhaps one day I can contribute more hash. Would love to buy an A7 if they ever get produced.

Mine on, friends! Can someone please bust this stubborn block - yowza!

Okay, it's time for someone to crack a block. Don't want to be block-less for the day! Our pool horsepower sure has taken a hit.  
Come on BLOCKSSSSSSSSSSSSSSSS!!!! MAKE it HAPPEN!  

We've got a small (four folks) group here on Kaua'i that decided to co-op our operations, primarily because at the time all any of us had were S3s (plus the old S2 I still have sitting). I manage the account; our users each own either a whole machine or a portion of it; the dust issue is moot for that reason, for them at least (I own most of the hardware, though).

Anyway...this can only work because all of us have free power for one reason or another, or we are sharing a machine in the Labrador datacenter, and we personally know each other and can put "hands on" if needed. Since the rewards are distributed based on the primary account, dust doesn't happen and I just send out payouts to the users every four or five blocks or so...the user pays the tx fee out of the payout, which is minimal even on small amounts, and considering they have no power cost, it makes sense...and I can afford to do the managing without losing my virtual shirt.

These folks have the same motivations as myself; we're in it for long-term security, and for the network.

EDIT: ...and, once they've "got it down" so to speak, and have at least two S3s or something similar, they can go on their own with confidence. That's what it's about.

With my 5ND ramped up, I made ~15k satoshi before the pool hashrate fell. Now I make ~19k from each block, which is almost twice the dust level.

I get your point and all, but I'm gonna run my S3 for heat and for starting at blocks . Maybe I'll get another miner when there's a new one out that doesn't fall apart after a few days.

Between Kano, dance and fire tree now I get it.  I am not seeing payments because the blocks have to be confirmed.  Kano confirms with the pool to avoid fees so the new blocks can not be confirmed until newer blocks are found.  Then the previous blocks are paid with the newer blocks that were found.  At least I think that is whats going on.

 I had mined a very long time ago on slush with 2 gpu's, but when everything went asic's I couldnt afford to keep up so i gave up on it.  When by buddy asked if I wanted his old S3, the flame was lit anew!!!  I was always in love with alt currency and everything that goes with it.  Just trying to learn all I can about it now that I have something to actually mine with.

 @Firetreeactual, Yea I'm in NY and paying almost .17/kw so I know im loosing money in this.  I have a few coins leftover from when I 1st started but I just love being able to mint my own money and I really believe one day this will be how everyone pays for things.  I have no problem with people being blunt, I myself prefer it.  I just know that you guys here the dumbest questions all the time (Iv'e read almost every post in this thread) so I didn't want to ask dumb questions.  I just couldn't get the whole payout thing.

  I love kano's pool and the webpage setup and how damn fast everything is (including answering a noobs questions!!!) 

Thanks again everyone for the help.

This is probably the clearest...FWIW, I've been running six S3s for quite a while...only have three running right now due to power limits, and an A6 is taking up the slack on the home front (I have three S7s in a data center). At today's pool rate, and today's spot, you're looking at maybe 0.00019037 per block, or USD$0.118. I keep my S3s for backups...using three right now to try to make up for a downed A6. They would not be profitable to run except that I have free power here. S3s can vary widely in how well they handle clocking. I'm able to overclock five of mine to 250 without issues, but one of them won't run over 237 without getting x's. Overclocking, btw, will only get you another 50gh or so. If you're not so concerned about revenue, don't do it. It isn't worth it, and just takes up more power, and unless you monitor your machine closely, you could harm it.

If you're running your S3 essentially for learning, cool. Good way. You won't, however, get any payments as Kano doesn't pay dust. BTW...don't feel bad. I'm a certified genius (200+IQ) with 50+ yrs in IT and finance, and I still don't totally "get it" sometimes. I often joke that my IQ and USD$2 gets me a cold beer at the beach food truck down the road.

This is a decent bunch of folks here, and they will help you as best they can when they can. Some of us can be a bit blunt sometimes, but it's a dynamic business and it tends to get that way (blunt) sometimes. Don't take it personally.

Welcome.

Keep calm. Mine on.  

this is important for small miners to understand.  an s3 is too small or at least very close to too small to mine here.

S3 's do give heat so are good as space heaters.

but they are barely above dust level.

and kano does not pay dust. One day he may pay dust  but do not count on dust payments .

There are good reasons for this which kano has explained  ,but the dust question has come up more then once..

My advice is don't mine with a  borderline dust machine  like the s3.  Unless you have 2 s'3s. Then you are not borderline dust.

nice to see the pool has alot of green again , unfortunatly i bailed a while back since i was getting +50% on renting my rigs out , so instead of just renting out a few machines i pointed all my miners over to rental and a pps pool cause they were rented more then then not

im down to +25% on rentals so when it drops a lil more ill be back on the pool

I'm running an S3 too, and I've overclocked it as hard as I dare. It runs ~500GH/s, and takes ~2 days before payments ramp above 10K+ satoshi. So don't worry, you'll get payments as soon as you've ramped up to ~400GH/s

The simple way to think about it is the pool will confirm the payouts with the future blocks that the pool finds.  Basically, when new blocks are found, those blocks are used to confirm the payouts for previously found blocks.

Technically, this is because as Kano was saying they are free transactions so no one else will confirm them.  However, they are the pools transactions, so the pool will confirm them.  The pool will do this whenever it finds a new block.  

There are a few *'s to the above with blocks needing 100 confirmations before being spent, dust transactions (I assume your first few payments are dust as your 5N ramps up and this isn't a huge issue), etc, but the above will get you close to answering your question quickly and somewhat painlessly

If all else fails, just watch the payments come in and after awhile I am sure the pattern will make sense with a little more exposure to it. 

Not confirmed yet

'Almost' share flies past ... (UTC)

@ROB5482 -- this feature kano described above is not only efficient and clean for miners but for the blockchain. I have not seen any other pool that does this voluntarily. Most of importantly, this pool has active and transparent administration from Kano and CK -- I have learnt more on Bitcoin and blockchain here than any of my earlier pools.

Maybe I don't get it then.  So shouldn't I see the last few payouts from the payouts page in my wallet?

I think I may be more confused now then when I started....  I have a bit more reading to do.  I can understand all types of advanced systems and what not, but this how bitcoin mining works really stumps me....  I hope i am not being too much of a pain in the ass, I just really want to learn.  Something about minting my own money really grabbed me.  Even though there is no way I am making bank on this its the doing it part....

Payouts are sent out, the issue is I use free transactions so no one has to pay for them.

Thus only our work actually has the payout transactions in them, no one else will confirm our free transactions, thus they wont confirm until we find a block after I create the free transactions, which is just after the blocks mature.
The payout transactions are in the work the pool sends to all miners.

So payouts don't happen until a certain number of blocks are found?   I see the payout page, and the 1st 3 are dust.  Then at the top I read that the below transactions are not sent out yet.  That is where my confusion lies, I think.  Yep got it now...

Thank you for going easy on this total noob!!!!

Check your account, you'll see the first 3 were dust.

Our last block was 12 hours ago, so there's 4 payout transactions now queued in our work awaiting us to find another block
433986 434011 434030 434033

The last one 434133, has 32 more blocks until it will have matured.

Hey guys,

  Please bare with me as I am very new to mining.  Been following bitcoin and mining for some years now and finally my curiosity has gotten the best of me (I was gifted an S3).  I have been following you work Kano and I am totally impressed!!!  Ok heres the question.  I recently pointed my S3 to your pool and have been hashing away for a few days now.  I see that we have hit a few blocks and payments have been sent out yet I don't see any in my wallet or to my address on the blockchain.  I am above the dust level (I think ) at this point.  Any idea what is going on?

Please be gentle 

User name on CkPool is nycparamedic.  Wallet address is : 1Bku6qDzYjX7v7Q9HPvkaWMt2vkZVQvbmE

Well said Kano. I always appreciate how blunt and to the point you are.