Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1386. (Read 5352429 times)

cool - thanks

Kano took care of it. No worries. Mine on.  

EDIT: Just remember to reprogram the pool assignments. They come defaulted to one of the Antpoo thingies...

to those with S9's that mine here - did you have to mod them to mine here or was the earlier reported issue something else?

Uh-huh. It's back up now (about 70 min down). I've asked for info re wha' hoppened. I don't have direct control on these; it probably wouldn't have made any difference in this instance anyway, though, which is why I haven't been concerned about it. Had to be either Internet or power. We'll see what they say.

offline as in, not even triggering backup pools?

Anyone else with dogsled miners (you'll know what I mean if you have them) been offline for an hour?

There was a good discussion on "51% attack" starts at 45:18, https://www.youtube.com/watch?v=H-ErmmDQRFs

This was 7 months ago, in a BTC Hong Kong event... all the big China pools were represented in the Q&A panel (with English translation).

Good points raised in the panel. I might have bought the argument that all is fine and dandy but with Bitmain the only big ASICS player today, and when money and profits are concerned, greed will creep in, and the collusion event will happen sooner or later... perhaps this was exactly what happened in the last 24 hours to our pool.

This is just my humble opinion.

Agreed, Phil. I don't think they're going to blow it up, however. My rather simplistic view (based on several decades of behavioral science) is that, despite my personal philosophical view re BTC, we're talking about money.   IMHO it's unreasonable to assume that the majority of CN entities involved are in cahoots. Human nature just simply doesn't work that way most of the time, regardless of the culture. Collusion is possible, perhaps probable, and most especially when you have logistical control of the mechanism (ie., hardware). OTOH, it is just as likely to be plain greed overpowering logic (ie., being stupid). I've been involved since 2009 (used to mine on an HP laptop in those days) and have informally done the same sort of studies with the same conclusions.

It would be really nice if some US company with existing infrastructure to build chips/boards, etc. could figure out a way to do a 16nm device at maybe 1.4-1.5KW draw and make some bucks on it at a retail of maybe US$2K. We would all, I think, be so pleased. It seems likely they could get ROI on it without too much difficulty.

I just read ck's post...agreed...Occam's/Ockham's Razor is always there...my mentor in forensics termed it "If you hear hoofbeats in the park, assume horse rather than zebra." Well...unless you live in rural Africa, of course...and, that's my point as well. Another reason why I mine here.

Hanlon's razor yet again. Never attribute to malice that which can be adequately explained by stupidity, but don't rule out malice. There's no intentional malice involved here; they're all on the same side of the GFW and SPV mine to each other so that even if there's incompetence on their part in getting actual blocks propagated outside the GFW for a while, they will go on mining on each others' blocks.

interesting read.  The three P.O.S.  pools will crash the coin out if they are really doing it exactly as accused.

Which means the un - named Alt coin will be boosted by this behavior  ( I know no ALT COINS to be mentioned).

I know I have done a 2 year long set of diff threads giving away a lot of btc for a few reasons,

 one of which was to track the diff  moves publicly.

    So diff manipulation seems pretty factual based on my studies of diff since Summer of 2014.
 Not so sure what can be done since asic's are mostly built in China.

a good start to Sunday

Just need some big guys "whales" to hop on so we little guys aren't spending a month on a block.

M

So the truth is surfacing. Need more exposure about what Ant is doing.

https://m.reddit.com/r/Bitcoin/comments/4py5df/so_f2pool_antpool_btcc_pool_are_actually_one_pool/?utm_source=mweb_redirect&compact=true

block no 6 by for today

Yup, Phil...I knew of that as well, but I'm not terribly concerned...actually, not at all. There's a certain insecurity for a person faced with their earnings being cut in half...as they see it. That's not exactly how it works out, though, and I still think that anyone really committed to BTC is well served to keep their eye on the prize. I'm glad you noted it (I was sort of pushing the idea around of noting it, but I was still asleep when you posted  ). By the time I woke up (like now), Kano had done a really good job of detailing it from his end, and I'm seeing a bunch of blocks that made the orphanage project moot.

I love it when a plan comes together.

Thanks...hope it's helpful to some. We'll see. Good luck.

yeah  to me I am mining here as it is only a 12-30 hour event so who cares.

maybe it gives us karma  and we pop a ton of blocks that day.

Yes PPLNS has a common minor exploit on a diff change (and a halving)
On the diff change it's quite small, and quite pointless, on the halving it will be more obvious.

But it's not a case of "ZOMG" if I go somewhere else I'll get more after the halving, it's the opposite, it's simply that as 5ND crosses the halving, for the length of the 5ND up to the halving, shares drop, in block steps, from X to half of X.

So if everyone wants to drop off the pool for 24-32 hours before the halving, I won't be worried
... since as soon as the halving has happened, simple fact: if you keep mining somewhere else, you'll get paid less.

N.B. it happens on any non PPS payout.

good I will buy some more coins.

I hope to see under 450 as the diff will drop a lot.

Back to mining here.  

 

   I see an exploit issue for all 5n pools on the day before the ½ ing
It  only lasts for 12 to 30 thirty hours on this pool >   I was going to post a pm explaining it to kano, but I decided to mention it here this way to be transparent.

I don't see it to be a major problem but I think it should be explained  in case a few people try to do it.  Some would say don't mention it you are only going to cause more people to do it.  Since it only happens to pools with a 5n setup like here and it only happens right before a ½ ing  I will explain it.

Blocks are 25 coins now and will be 12.5 coins.
My 5n is 50th  so 50th right now should earn  about .12 btc in one day.

So the 5n expires  or lasts 30 hours more or less.

So 24 hours before the ½ ing  I hop from the pool.  and for the 24 hours my 5n drifts down from 50th to about 10th   say  for the 24 hours I average 30th.

 So kano.is will pay me about  .07203 for the 24 hours.  assuming kano.is has normal luck

I move my  50 th to horror of horrors f2pool and they pay me 0.115296  and I get   0.187326  for my 24 hour time period.


½ ing happens  I shift my 50 th back to kano.is   takes me a day to ramp up to 50th  but rewards are 12.5 coins  so the punishment for hopping pools is 50%  of the reward for hopping the pool.

This only happens on the day before a 1/2ing event.

 I am commenting the solar array to mine here   during that time period and will not do the hop and return move.
I only mention this  because no one has written about this statistical advantage of a one day hop from a 5n pool to f2pool.
I really prefer to be as open as I can and when I find something out like this feel everyone should be aware of it.
So if you have figured this out  and were going to do it do not be angry that I revealed this.

At kano feel free to delete this if you prefer to delete it.

Best regards Phil

Mark my words. We will see 550$ again before halving.