Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1539. (Read 5352367 times)

I'm not interested in increasing fees.
I am still looking into china node options.
... as long as they are reliable and don't charge silly fees - then they are an option.
I've tried a few so far and each time I find I'm dealing with morons
Still looking ...

As for trying to entice larger miners with reduced fees ... well ... that's already the case - our fees are the lowest for any medium/large pool since we include all the transaction fees also.
I avoid saying this as much as possible, but yeah luck here is good ... who knows if that will continue ... it has only averaged good for 1.5 years so far ... ... ...

Meanwhile ... yay 12 blocks in 1 day + 16 minutes ... and the hash rate is ... at the low end of the 30-40PH range ... oh well
We've had the hash rate at the high end of that 30-40PH range, so it's not like no one knows about the pool ...
(the 52PH high was from a failover)

11 for the day. And a block early to start it off. Lets keep it rolling.

Regarding the fee discussion--

I'm not in favor of increasing fees without good evidence that A) the orphans are a real problem and not just statistical variance [which I'm inclined to believe since we have a very good record overall], and B) that the fees will actually provide a solution if it is necessary.

You all got me started on rentals (to augment my own gear) which are very thin margin already.  An extra percent would greatly increase the risk enough to reconsider (reducing at a minimum).  The low fee is one thing which makes renting for this pool worthwhile.  Unlike hardware which has the ROI risk sometime off in the distant future (amazingly I did manage to make ROI + 30-some percent last year thanks in part to this pool), the ROI on rentals is quite evident immediately.  A percent on fees can quickly mean tens of percent cut from the margin.

...and block!

Block by ST40!  Let's start the next round!

Damn good job, Kano!  How many hours did it take you?  I'll be patient for your answer.  I know you're busy with payouts.

Well ... I'm ok with CG
But I never seem to have much spare time.
... I spent a few years running a manga vector group ... mine were quite average though.
Hmm I'll link one http://kano-kun.net/a/ok/Chao150p16V4.png
... anyway back to working on those payouts ...

I certainly like that.  It's a great idea!  I am an artist but I wish I knew how to create a signature banner for use in these forums.  My art is done with paint, charcoal, etc...  I have never done art on a computer.  I will be happy to use the signature here on bitcointalk.org if someone were to create one and provide it to others to use here in the forums.

EDIT:  Here is a drawing I've worked on to practice with hair.  Plenty of hair in this photo I'm drawing.  Her name is Joan Osborne.  It will look just like her when I'm finished with it.  http://imgur.com/l3qm8Y7

What program can I use [Anyone] to create a signature banner for us to use?  Are the tools for creating a signature banner built within bitcointalk.org or is it better to use a particular graphic design program to upload to bitcointalk?  If so, what graphic design program does someone recommend for my Mac?  I do have the 12.9 inch iPad Pro as well.  I suppose I could buy the pen for it ($100.00 USD) to draw something on a graphic design program made for the iPad Pro.  I would not use it without the approval of Kano and CK of course.

Hi Chickenfeed,

I'll start by saying your username is definitely suitable for this pool since most here are addicted to "chicken."   

As for receiving an email confirmation after creating an account, I'm not sure.  I created an account in 2014.  I cannot remember if their is an email confirmation or not.  Maybe someone else can help you with this.  Kano, may be able to assist you.

Welcome to the pool.

David

I like it!  I'd totally chat-up kano ckpool in a sig gratis.  Kano-san and -ck deserve it! 

Maybe one of us creative lot could design a "Come to Kano.is - Block parties every week!" - signature banner.

All kano.is members can use this signature, since many of us also roam around many threads in Bitcointalk.org.

Heh yep, 9 blocks in the payout queue, I currently allow 8, so 2 (very) minor changes to handle more than 8.
... I made this change quite a while back moving from 4 to 8 ... now 8 to 12

But again i have thought about it and again it is goal orientated, it is a loss leader and nothing happens unless they reach the required benchmarks since it is their profit margins they need to manage. As to getting the word, there has to be other places for brand recognition than this forum. I found this pool from a guy i saw on youtube last year talking about pools that he has used, at the time it only had about 1000 views but it brought me here so thats a start.

Keep the block coming! We will break the GFW!!

Amazing Day this has been - waking up to 11 blocks!!!

We have broken the record of 8 per day to 11 !!!

And take a look at the all time luck ... 108.13% WOW! and another stat of 50 blocks every 11 days - no excuse why not mining at Kano.

My returns have covered rental and loaded up BTCs for this Friday and next week, plus additional coins to savings vault. And still have a coin or two to spare.

To mark this historic day - Wednesday Block Party - I will drop a few THs at ckpool, surely kano.is will pass on some luck that way!

If Kano thinks there is a way to cut down on the orphans (or do any other improvements), I would vote to increase the fees.

Some quick numbers as an example:  

Say there are 2 orphans a month on average (the last month had 3).  Right now, that is say $20,000 lost due to orphans (50 BTC ~ $400 each).  Kano gets about $180 of that in his fees (0.9%)  However, if say with $1,000 a month in extra servers (increasing the number of nodes, nodes on the other side of the GFW, maybe upgrading the current servers, etc), the number of orphans could be reduced in half (again, just using round numbers as an example), it would be be worth $9,000 a month more to the miners in the pool after paying for those upgrades (25 BTC at $400 = $10,000 more - $1,000 in new charges = $9,000 more a month), but result in $910 a month in extra expenses to Kano ($1,000 extra in expenses to Kano + only $90 more in fees to Kano).  Long story short, if there is a way to improve things where the net result is more BTC to the members & Kano, even though there is technically an increase in the fee (say from 0.9% to 1.4%, 1.9%, etc) I see no reason not to do it.

I would be happy to pay 1.9% in fees, if that somehow meant I made 1% (or more) mining than what I am currently making.  And this is a purely selfish argument, I could make an additional argument that he has taken good care of us, and we should take good care of him (but I will not, as I think the selfish argument is more persuasive .  

Since Kano's fee is such a small amount of the reward, I wonder if additional resources might be useful.  Eligius is a good example.  The 0% fee left me with about 87% luck there.  With 0%, how much can they really do to improve things there?  That means I was actually paying a 13% fee, rather than a 0% fee.  Lower fees are not necessarily better for anyone.

Kano would be the only one who knows if he thinks improvements could be made.  I am just bringing up the possibility that with additional resources Kano might be able to squeeze even more insanely good luck out of the system.  He mentioned the other day about possibly getting some hardware behind the GFW.  It *might not* make economic sense for him to pay for it, but it *might* make sense for the miners to pay for it (with a small increase in fees).  Again, only Kano would know, I just want to bring it up for discussion.

Kano, what do you think?  Are there some improvements that could bring in a net positive result for the pool's earnings (if the pool paid for them), but would cause a net negative if you paid for them?  Are there any things you have been thinking about doing, or have hesitated doing as they would be overly costly to you?

i just successfully registered but it wont let me log in, am i suppose to wait fora confirmation email?
i have my s7 already aim at it and seams to be mining fine

OMG shut up about ETH.  I'm sick ETH.  This Kano pool BTC mining pool thread.  We don't need to raid or mine ETH.  Doing pretty good here just mining on the awesome pool ck and Kano built. 

Except for a couple bugs, I have my bot fully maintaining my rental orders since yesterday and have averaged 95TH in blocks 407085 onward.  I am really grinning right now!

CK and Kano do not have to lower their fees to get people to move here.  Think about it...

How will the one's you want to move here KNOW the fees are lowered UNLESS someone gets the word out AND those people happen to navigate to a website giving them the words to get them to move?

Plenty will move here based on current stats and fees without lowering fees IF people will take the time to get the word out like myself, Phil, and MANY others have done in the past.  Phil, created a couple of threads on the subject of moving.  I sent out approximately 150 PM's to different users on bitcointalk.org to get people to move here.  I'm quite certain several others have done the same.

The problem is getting people to move whom we cannot reach because they never navigate to bitcointalk.org or spend much time on any other websites with the news about CKPool.

That's why its called a loss leader. Plus no fess are lowered unless the goals are met. Goals not met ,  nothing paid out. There are a lot of other smaller pools out there where people could jump ship. Plus some none chinese that are bigger, people don't switch when people do not know. Raid 10ph from Slush and boom your on your way. Most people will set it and forget and are passive regarding their investments. I was not trying to say that Ck and company are not worth greater compensation. I am just saying for the Chinese point of view they do not care. We had a great day today and i was proposing to position this pool for the future. Yes of course mining is random but within 60 days i will bet anyone Bitmain will be 450 and F2 will be 400. These 2 combined already have 77 blocks for the day and they are shooting for 100. From a business sense it's time to position and figure out a way to knock off the weaker pools.  My company is already hedged with Eth rigs anyway so no big deal . But now it the time to pounce while u still can.