Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1732. (Read 5352322 times)

I believe traditionally this means we should be seeing a block any minute now.

Check here
http://internethealthreport.com/
and
https://www.internetweathermap.com/

and if you have mtr on your system (eg linux) try
mtr --report -w kano.is

As far as I can see both pools are working fine.

My kano.is miners failed over briefly.  Main cksolo was down, too, so they failed over to german solo, but now all appears to be back to normal operations.

Block on!

my miners went offline for a bit, now they are back up, plus my rented hash is connected with no issues as well. Hope this helps.

My Kano primary is back up.  solo pool failover is still down.

yea kano.is pool is down from looks of it i do not see anything on my miners also on the site its showing 0 across the board

weird im seeing connections to kanos pool on my miners but nothing on the site

Is something up?  All of my miners are on double failover... Kano and solo pools both down.

I was wondering if all that he was saying was actually accurate information.  Thanks for clarifying, Kano.

am i lucky to be one of few, whose mining is not ok, during this database reloading  
but i cant be lucky to hit a block, eeehhh
probably im cursed

Not that it makes any difference but wonder how many we would of found based on previous difficulty.  Let's hope this mild spell soon passes us by and get back to what we are used to lately 

no kidding. I was hoping for a nice block filled day today after the fiasco with the 325% block and then the confirmation race. Hope this ungreen streak ends soon.

CKDB restart about to happen.

Edit: I'm working on some changes with regards to controlling 'malicious' events accessing the web site.
Although they never succeed in causing any problems, it's better to have control of that rather than let it run rampant.
There will be another ckdb restart related to this a bit later today, this one was, however, a RAM usage issue that required urgent attention.

There are no blocks in the oven?

Houston KANO POOL Member *****


  I have an extra 50AMP PDU that I don't need.  These requires 240V connection of course.  If you're in the Houston area, you can have it for free.  Just come and pick it up in the Katy area.  This unit is too heavy so please do not request shipping as I don't have the cycles even if you're willing to pay for the shipping.  Please PM to avoid cluttering this thread. 

In the last 5 days I have had a go at renting, but I'm not renting massive amounts of TH as most people here seem to do.

I watched rent prices for a week or so before trying and I felt it would work better here at Kano's pool to just rent a smaller amount of TH, over a longer period  of time, so that I spread out the luck and collect more payments along the rent period, I looked at the Kano Pool stats and see that what I rent is still below most peoples owned hardware hash rate, but renting does look to be paying off, even taking into account the longer block at the start of the weekend which was eating into my rent period.

I still have a few days rental to go, I've been adding between 16TH to 30TH onto my small 6TH hardware total, and over the rental period week I've nudged the rental costs so that there always between 0.0031 to 0.0039, If it does pay more over the next few days (if we find a few more blocks), then I will easily have recovered the rental cost, and especially as the 5Nd rolls away at the end, and I return to the normal 6TH then I will be in profit and so might make it something I do more regular.

Steve

Heh, he's wrong about why the April-2015 fork happened.
The problem was the SPV pools weren't even checking the block header properly, let alone ignoring checking the transactions.
BTC-Nuggets generated (twice) a V2 block header that the SPV mining pools mined on top of, after the point when V2 headers were no longer valid.
Had they checked the transactions in the V2 BTC-Nuggets blocks, they would have found them all OK.

Yep- i have been paid 10 times on a few shifts. Many shifts have 9 payments.

I guess that lowers the risk a bit when renting. So, definitely the right pool for renters.

Regarding getting paid 8 times on some shifts, I've actually gotten paid 10 times on certain shifts.

We all know that the luck is random, but it's still fun to rent hashrate for a short period of time, to see if you can earn the "investment" back, and also try to solve a block for the pool.
Sometimes you win, sometimes you lose, it's basically gambling! ^^

From a success "bet":


Anyone else doing this?

In the 35th minute of the video - Andreas talks about that "race condition".... very useful information and I now better understand forks and orphans...

You may find this earlier post helpful ( from kano):

https://bitcointalksearch.org/topic/m.13658516

Well if they are mining PPS elsewhere, then the simple answer is that indeed, on PPLNS it's expected results vs PPS fixed results.
With PPS, yes they would have a fixed result but that would, of course, be lower than the expected result here.

If, however, you are comparing PPLNS to PPLNS, then the pool size here now is large enough that the variance should be negligible for anyone except on rare occasions for someone who has to pay their electricity bill more than once a week.

(Edit: just to put that into perspective: the pretty bad luck we had in 'red october' of around 50% luck for 12 blocks over 31 days, would now equate to about 5-6 days of 50% luck, due to the increase in the size of the pool. As the pool grows, that 5-6 number will continue to decrease)

The advantage here is that the expected results are high due to:
1) Pool fee is only 0.9%
2) Reward includes all txn fees, and over the last 100 blocks that has more than covered the pool fee (101% txn fee average)
3) Pool orphans/lost blocks are, currently, 2 out of 463 or 0.43%, and considering our block change times, it seems the actual expected % could even still be lower

Using those 3 numbers you get an expected reward of 101.0% * 99.1% * 99.57% = 99.66%
(completely ignoring block finding luck)

Of course block finding luck is just that, luck, and past luck has no effected on future luck,
however, the fact that we have had, long term, greater than 100% luck means the rather important point, that the pool itself is not at fault causing negative luck
What do I mean by this? Well simply that if we had a year of bad luck (e.g. low 90's%) , it's gonna be pretty hard to explain that with statistics even with a pool the size we've had over the past year (let alone with a larger pool); instead, such long term bad luck would really suggest that there is something wrong with the pool.
However, that hasn't been the case. Not only have we been well above the low 90's% and thus well within acceptable results for luck, we've been above 100%, suggesting quite clearly that there's nothing in the way the pool works holding back luck.

Yes we've had periods of good and bad luck, and as stated before, the effect on rewards of the bad (and good) luck has been reduced by the pool's growth, but even as we have grown, we've seen no problems with luck changing over the month or 2, it's just continued to be random as before, and fortunately, better than expected.

EDIT: To understand the 5ND, I found this post, from ZACHIM, helpful:

https://bitcointalksearch.org/topic/m.13198117


I am seeing a lot of new users here asking/talking about the 5 times Network Difficulty.
I am going to try to explain and simplify it:

Let us pretend that the current difficulty is 1000. 
Then that means we should expect that 1 in every 1000 shares submitted would solve a block.
If we solve a block on the 1000 share, then we would have solved it at 100%

With a PPLNS structured payout each block found gets payed out based on the LNS (Last N Shares) in this case the N = 5. So in our example the LNS = 5 x 1000 = 5000 shares.

If you just started with the pool and we found a block on the 1000th share (100%) and you had submitted 10 shares, you would not receive payout of 10/1000 = 1% of the block because the payout takes into account the LNS, so your payout would be 10/5000 = 0.2%

Now lets say we find another block on the 1000th share and you submitted another 10 shares, again you won't get the 1% but instead you will get 20/5000 = 0.4% so you get paid for the previous shares submitted as well.

Now lets get wild and say we just found our 5th block on the 1000th share (5 in a row at 100%) and you submitted 10 shares each block, your total would be 50 and total shares would be 5000 so 50/5000 = 1% now you have reach the full "ramp up" and are getting full payout.

This is what ends up working out great if we find blocks more often than 100%, you have the potential of getting your shares paid more times.

Example continued: Lets say you have been mining with us for a long time (your fully "ramped up") and we find 4 blocks at 100% and 2 at 50%, that gives us the total 5Nd of 5000 shares, but we found 6 blocks. You have submitted your usually 50 shares during that time so you are at 50/5000 = 1%, but now so now you are getting 1% of 6 blocks instead of 1% of 5, but you have not submitted any more shares.

This is what we are talking about with the 5Nd, you won't be getting full payout until you have been mining here for the duration of the 5Nd. You will still get paid for all shares submitted and those shares are not getting paid any less, and if the pool is lucky you get paid more.

I know a lot of us like to mention this because people tend to join CKPool then they see their first payout and think "Wow this pool pays awful, I'm leaving", but then when they leave they should still see payments coming in and in the end they probably got just as much as they would have somewhere else, and if the pool was on a luck streak even more.

Hopefully that helps, anyone please feel free to correct me on anything or fill in with something I missed.

I think this may have been my longest post ever.

edit: I just looked at the "Shifts" page on Kano.is and we are currently sitting at getting paid 8 times for some shares!