that was what a 22 hour wait for us to hit the block
common lets get a monday funday going
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1695. (Read 5352367 times)
February 22, 2016, 03:00:52 PM
February 22, 2016, 02:53:03 PM
They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
Since we pretty much confirm our own transactions with our blocks, then can you do the payments as zero fee? Assuming we get at least 1 block every day, many more usually but worst case. I don't mind waiting if it saves you money. If the pool hash rates drops for some reason and it would take more then 24 hours (expected) then pay a fee to send those payments.
Guess question is since we pick the transactions to include in a block, can you make payment zero fee and have them be first in the list to confirm ourselves?
February 22, 2016, 02:46:42 PM
You guys are funny man. Chatty as hell. Kano pool gets the trophy for user participation. Pool owner also, which is awesome. I think your all forgetting on these block payouts today/yesterday that there are other things going on with the network. Price drop will slow things down. I had 5 transactions outside of kano pool take forever to reach 1st confirmation. The issue was not just in our pool. Ranging from 3-12 hours for confirmation 1. Its frustrating, but it is what it is. If your impatient, don't shut down your miners. Turn your old ones on. The network is slow and the network is you. If bunching payouts saves money, cool. Forget that, it increases the luckilyhood of blocks. I've seen plenty off pools use this tactic successfully. Many pools only do one a day. Crank this pool back up, it was hot at 27PH.
February 22, 2016, 02:44:15 PM
All right, let's hear it for Arxangel hitting the block, and confirming all our waiting transactions! Double goodness! 
... and 2.17% txn fees and he's 1.7THs - awesome 
February 22, 2016, 02:35:46 PM
All right, let's hear it for Arxangel hitting the block, and confirming all our waiting transactions! Double goodness!
February 22, 2016, 02:33:26 PM
finally block 
and all pending transaction confirmed
and all pending transaction confirmed
February 22, 2016, 02:32:22 PM
And there's our block!
February 22, 2016, 02:16:55 PM
yeah, weird... same here
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
Heh one of the four pending payments has been confirmed. Here's to hoping we break our little logjam and the other three will be confirmed immediately!
So, indeed patience solves everything, as usual
Absolutely! Mining isn't about a race. It's about the long game!
February 22, 2016, 01:49:34 PM
yeah, weird... same here
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
Heh one of the four pending payments has been confirmed. Here's to hoping we break our little logjam and the other three will be confirmed immediately!
So, indeed patience solves everything, as usual
February 22, 2016, 01:43:45 PM
Heh one of the four pending payments has been confirmed. Here's to hoping we break our little logjam and the other three will be confirmed immediately!
February 22, 2016, 01:41:53 PM
yeah, weird... same here
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)
All miners down for now (as I'm looking for a new location, or quit entirely)
February 22, 2016, 01:35:29 PM
February 22, 2016, 01:32:11 PM
They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
Sorry, and Thank you.At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
Is it possible to pay us without fee using only the blocks we are mining in the pool?
On slush pool, i have set a level to have one per week.
It's enouth for me (i'm small) and it doesn't clutter my ledger with tiny transactions.
I do not think it has to be mandatory for everyone but able to adjust the steady rhythm of a payment allows everyone to find the right rhythm.
February 22, 2016, 01:24:30 PM
There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...
There's nothing "fundamentally wrong" here, in fact just the opposite. This is fundamentally how bitcoin works. You're not paying anyone under the table, you're paying right up front in you tx fee, says so right there when you put a transaction together. Bitcoin has been designed since the beginning to confirm transactions with higher fees faster because it is in the miners' best interest to confirm high fee tx first and capture those fees.
When Kano switches to one payout per day that should help him save some tx fees only having to send out one a day instead of multiple. Will also make payouts easier to track, I look forward to the change soon!
A way to understand this is kano pays 1 dollar to send 1 block worth of coins all over the world in a safe manner.
I think his payout is divided to over 200 addresses in payments. Try sending 200 checks all over the world for 1 usd.
The problem is there is no consistency...that dollar kano paid last week worked but not yesterday. It probably will work tomorrow. How do you know how much to send? The oldest of his 4 payments from yesterday has been at 0 confirmations for 14 hours. What if I paid for my cup of coffee at Starbucks with BTC and I had to wait several hours for the confirmations to come through...not very useful or convenient as a currency. If it can't be used as a digital currency then there is a fundamental problem with BTC that everyone seems to just accept or ignore.
February 22, 2016, 12:10:16 PM
There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...
There's nothing "fundamentally wrong" here, in fact just the opposite. This is fundamentally how bitcoin works. You're not paying anyone under the table, you're paying right up front in you tx fee, says so right there when you put a transaction together. Bitcoin has been designed since the beginning to confirm transactions with higher fees faster because it is in the miners' best interest to confirm high fee tx first and capture those fees.
When Kano switches to one payout per day that should help him save some tx fees only having to send out one a day instead of multiple. Will also make payouts easier to track, I look forward to the change soon!
A way to understand this is kano pays 1 dollar to send 1 block worth of coins all over the world in a safe manner.
I think his payout is divided to over 200 addresses in payments. Try sending 200 checks all over the world for 1 usd.
February 22, 2016, 12:06:14 PM
There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...
There's nothing "fundamentally wrong" here, in fact just the opposite. This is fundamentally how bitcoin works. You're not paying anyone under the table, you're paying right up front in you tx fee, says so right there when you put a transaction together. Bitcoin has been designed since the beginning to confirm transactions with higher fees faster because it is in the miners' best interest to confirm high fee tx first and capture those fees.
When Kano switches to one payout per day that should help him save some tx fees only having to send out one a day instead of multiple. Will also make payouts easier to track, I look forward to the change soon!
February 22, 2016, 10:47:35 AM
They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
Is there a possible solution to this? Is the central BTC brain trust able to do anything? There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...and getting confirmations is the very basis on how it's designed to work.
i think some of the problem is larger pools either not filling the transactions or just going empty. So it ends up falling to the smaller pools to do the confirmations. Hopefully this changes in the future as less and less coins come available the tx will be the way to make money.
February 22, 2016, 10:42:22 AM
man were due to hit something soon block wise were at 17 hours and counting without a block
February 22, 2016, 10:32:45 AM
They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
Is there a possible solution to this? Is the central BTC brain trust able to do anything? There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...and getting confirmations is the very basis on how it's designed to work.
February 22, 2016, 08:43:44 AM
They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
At least one was before I added the last one
Back to 4 awaiting confirm.
I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...
ouch, when you put it like that then yeah it does add up. maybe daily combined payouts will help reduce those fees. I wouldn't object to you taking the payment fee from the tx or block before distributing to miners. Jump to: