Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1613. (Read 5352322 times)

Same here, payment has catched up to block

Nr.640 Block Nr. 402347 mined by kmstudio.eu01

 
Mine on!
 

At least my accountant agreed to be paid in BTC after he saw the balance sheets :-)

I asked you a simple question....  

Fact is: If there is a long run with bad luck, miner don't get anything.

But in the current situation, kano is checking the stats. Miner will get their coins. With a little delay, but they will get it.

If they have to pay their expenses on a daily base, they are better off with the current situation than with a long run with bad luck, agree?

I do admit: I don't know if there are countries where you have to pay your electricity bill on a weekly base. In such a case, it could be difficult, here I agree. But this is about the only case I could think of where a short delay in payments could be critical.

 I would certainly do business in BTC but the companies I do business with will not, I have already brought that to the table.

Received 2 payments an hour ago. Thanks Kano!  

Are you really this dense? Or just playing one on TV?

Well, so tell me how much hasn't been paid out until now. One day? Two? A week? Don't be the drama queen.

Not the same, as you expect it will take that long (or up to). Most people are used to the fast payments on here and need it to cover expenses from what I see and people I know.

Oh, how I know this.... But know what's worse: US clients who try to send me - after 90+ days - the money by wire, but the banks fail six times but always deduct 180+ for each try, then the client sends a check which takes here additional three months and a big fee to cash in. But when you tell the client he should just buy some Bitcoin and send them over, he reacts as if you just asked him to rape your dog.

So basically, some hours delay are less painful  

I have mined with a lot of pools (Slush, Antpool, BTCC, Ghash) and Kano is by far the most transparent and reliable. Kano is the real deal.

Then you wouldn't be saying this :

"Frankly: I don't care if the payment is late for one block, five blocks or twenty blocks. Someone probably tried to cheat, and kano is investigating it. This means that all of us may - probably - get more at the end of the day if someone was running a withholding attack. If not, we all will get what we mined for."

YOU may not care, but others that rely on the payments to cover costs associated with their operation MIGHT.
Most people don't have 50BTC to fall back on in case of a few day's worth of no payments and bad luck on a pool.

I know lot of small miners that do it for small income and fun, as well as rent to play with their luck. Once there are no payments they might not be able to continue mining or renting. I am thinking of the little guys/gals.

If you really don't care, you should offer up all the past due payments to cover the people that need it or have to stop mining........Still don't care?

The only good thing if it was an attack is that it can be fixed. Then we can get back to block busting.

 Myself as an entrepreneur, I do understand behind, I get paid 90 days in arrears but some of my paments are 100+ days behind but I know I with get paid in due time.

I' not talking 10-20 dollars either im talking 80-100k in arrears, but business as usual.

Quoting Slush's facebook post on Feb 6. about it:
"Dear miners, we would like to inform you that we have detected and resolved an unintentional block withholding

The issue has been discovered a week ago and we have immediately taken an action by contacting the particular miner. The cause turned out to be a bug in a custom mining firmware, which has been promptly fixed by the miner. We have no indication that there was any bad intention. The fixed firmware solved two blocks since then so we can consider this issue as resolved.

A recent time period of worse luck can be at least partly attributed to this incident.

Block withholding attack is a well-known weakness of the whole pool mining principle and no public pool is immune against it.

As a by-product of the bad luck investigation, we have implemented a new method how to mathematically prove that the pool does not cheat on miners. This feature will be released after the public interface has been tweaked. The release is planned towards the end of next week."
End Quote

He said it was a week, but people had been asking about poor luck at the pool since early December. The end result was that the miner did not repay the pool, and the "bad luck" still to continued. With no further comment from him on it. The only "news" was the pool's new interface.

I've sat through bad luck streaks before and kept silent, cuz hey, they happen. I worked in the casino business for 20 years. But with no answers/comments coming from slush and combine it with orphan block debacle that seemed to just drag on, I started looking for a new place to mine.

I landed here at Kano.is and have been very happy with the transparency of the pool operator and the community overall.

Guess you don't write about me - believe me, I do understand the difference 

Yep two of the 6 matured are in yeah baby!
504 network hashrate dropping, cool.
I see , Kano was analyzing the devil block. Good man.
Probably analyzing Jr. Devil block now.

Yeah some people don't understand the difference between being 0.2btc behind or 4BTC behind, or 40BTC behind. Not quite the same .  

I still don't think it's a Block withholding attack, and thank you for the explanation, but most people on here know what it is.
It would be such a small % of the pool it wouldn't affect us unless it's like 20% or more, IMO.  I thought nicehash was doing something 'funny' with their rentals in the past, but was told otherwise and people have been hitting blocks with them, so I guess it's ok.

I'm sure Kano will chime in soon about the delay in payments.

I just received 2 payments for blocks 402347 and 402342 from the 12th.   

Yes, I would say the same. If you are mining with kano.is, you know that it is not an operation with a lot of staff behind it like with other pools. You do know that the persons behind the pool have an excellent reputation. And thus, I do trust that the coins will come. If kano tells us that it was just a streak of bad luck - well, I may chew a monogram in my belly for I probably will not make enough BTC to pay the power bill, but so be it. If he comes and tells us that there, indeed, was a whitholding attack, I will gladly take the coins once he has sorted things out. By kano going through this all with the utmost accurateness as possible can only be good for the pool and therefore for all miners who direct their hashes to it.

Let's see if you would say the same when each block payments are 1 to 2btc like on my accoubts and there's 5-20 blocks delayed that you said you are willing to accept.  We are talking about thousands.  Don't speak for the mass and lets not encourage poor performance.  I am sure Kano is working hard on the issue and is just as frustrated as we all are.  However this pool have exceptional reputation of being solidly consistent with both updates on issues and payouts, as such we hold it to a much higher standard than any other pools.