Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1738. (Read 5352322 times)

I wrote a long thread on this

https://bitcointalksearch.org/topic/lifetime-pool-luck-for-antpool-vs-kanois-or-why-arent-you-mining-with-kanois-1338693

Basically kano.is is superior to any pool that has made more the 100 blocks based on lifetime block luck.

If your internet connects well to  kano.is you should be on kano.is

Now I used to have a few s-7's hosted in China  they had poor connections to kano.is and I ran them on antpool and f2pool they had superior up time  with the major Chinese pools.

I felt that is a case to mine on the Chinese pools.  Poor connection to kano.is


 As I see a flaw in BTC = not enough transactions are done daily and the Chinese pools do not support  max transactions I let go of all my gear hosted in China.  I purchased machines  to run in USA and I  self host them.

They are pointed at kano.is

Thank you for taking the time to explain this to me.  I have been watching this pool for a about month and seen it double in size.  In fact it was a couple of my viewers that recommended that I move over this direction.    I am pretty impressed with the overwhelming response that I received  from everyone.  Being on YouTube I get a lot of questions of where I mine, how to I get set up, etc, etc, so I will take some time over the next little while and come up with some bullet points to why this is better than one of the larger pools and why I decided to change directions.  To those of you who identified as viewers of mine, keep me honest here and tell me from your simplistic user perspective (or complex) why you guys chose this pool over others.  Like I mentioned earlier I want to put it out there to try and get some more hashing power pointed this direction just as long as there are no objections by the pool owners.

At any rate, thanks again!  

0.99872735771441  666.666%  1 in 785.8
When we hit this ^
Is when I lost fear of Long Blocks, Jus gotta Let Go and Hack On.

Con always says it better...and quite clearly. I've got a lot of respect for both CK and Kano. I would probably have not recommitted to the BTC movement without having read a great deal of their work.

I sent my service dog, Sky Pilot, to fetch a block. She won't give up until she finds one...and, although she has no opposing thumbs, she can tap dance the heck out of a keyboard (Jack Russell/Sheltie).

 

Here I come folks, lets get this block
One PH on deck.
TOFTT Baby!

Pool:     25h (397279)

THIS IS RIDICULOUS !

Heh -ck beat me to it, but anyway, here's my TL;DR; version

Well some important points, in no particular order, are:
1) We never mine empty blocks if transactions are available (so far never made an empty block)
2) We've averaged the highest block sizes of all pools: Solo first, Kano.is second.
http://data.bitcoinity.org/bitcoin/blocksize/30d?t=l
Scroll down to "Blocks size by mining pool" and click on "Average size" twice
3) CKPool is written in C and -ck is a linux kernel developer who clearly knows about writing performance critical code.
(the software used in most miners mining BTC is cgminer, the performance/management code written almost entirely by -ck)
4) CKPool and CKDB are two separate parts of the pool that makes sure that the mining and reporting are separate and somewhat independent
This means that the priorities of the two parts of the pool are met separately and do not conflict with each other.
5) We have VERY low orphan rates due to how fast the code runs and how well we've setup our block distribution
6) We run custom bitcoind, optimised for performance, no blacklisting, no bitcoin fungibility issues - all based on core with performance increases.
7) We know what we are doing from the ground up, it's not a point and click pool running someone else's software, we wrote all the code and maintain it ourselves
8 ) The code running on the pool is open source, there for anyone to read and use: https://bitbucket.org/ckolivas/ckpool/src
9) The BTC in the pool is there all in the open for anyone to see where it goes. Each block, after it's confirmed, is paid directly to the miners, and the last address on each payout is the leftover dust, or payments for accounts that don't have an address. All easy to track and see where everything is going.
9) We understand bitcoin from the ground up.
10) You wont find me making posts that aren't backed by facts, or if I do make a mistake, I will certainly correct my errors if I discover that, or someone points it out. I'm not always right and I have no issue realising that fact.

So now that you've hit a 310%+ block just when you've joined, it's time for me to post a table that shows what to expect from any pool regarding block% and luck:
So yep, 1 in 22.4 blocks is EXPECTED, on average, to be greater than 311%, where we currently are.
There's no way to control the % of each single block we find, there's expected results, and we clearly do find blocks within those expected results as the table at the top of the blocks page shows https://kano.is/index.php?k=blocks

I'd argue that the only thing similar between ckpool and ant is that both are attempting to solve blocks and that one incarnation of ant is PPLNS.

Everything else is indeed fundamentally different... and you even go on in the rest of your excellent explanation describing the huge fundamental differences between the two pools

That needs a stickie~

Welcome.

The ckpool thread itself is about the software behind how kano.is and solo.ckpool.org work and not something regular miners are expected to understand.

There really is nothing different fundamentally about how antpool and kano.is work, as ultimately they're both PPLNS stratum mining pools for bitcoin.

The main difference is that we wrote the software we use ourselves from the ground up to be ultra-scalable and efficient to minimise any chance of lost work and orphan blocks. Because of the design of the software, we're also able to include more transactions than any other pool without it affecting our performance - and that means more transaction fees on average for every block solved, and transaction fees are included in miner's rewards. Additionally, unlike every one of the larger 3 pools, we do not do SPV mining meaning we always validate all blocks before working on new blocks - which mean there is zero chance of us working on a broken fork of the blockchain (which the larger pools were guilty of doing last year). Whatever fees that may seem to be lesser on other pools, and whatever alleged extra rewards they get from merged mining shitcoins are greatly offset by the losses incurred by the software design/set up/policy/maintenance of the rest of the pool design.

Payouts here come when blocks mature (101 confirmations) and the entire block reward is completely distributed on each block solve meaning the pool never behaves like a "bank", storing miners' bitcoins - and the associated risk that come with behaving like a bank are abolished. In the future we may be doing payouts once a day to consolidate payouts but that will only happen if we become large enough that blocks are more frequent than they currently are. We also guarantee that should we ever get very large, we will create disincentives to take more miners to prevent our size from ever being a risk to bitcoin's decentralisation - 10% is our cut off. Kano also provides personalised support on this forum instead of no support or facebook messages. Kano being the main pool admin means you have someone who sets alarms to literally wake him up 24/7 should there be any issues to work on them as soon as possible. Finally, Kano and I are the software developers responsible for cgminer which in some form or other powers more than 90% of the network, and we continue to develop mining and pool software and contribute it all back to the community.

I am just keeping my miners from the block. Waiting until next month.

Perfectly put, ramping up before the hail storm of blocks that will come out of this!

Antminer U3 getting a little annoyed after hashing 24 hours without a block... it says itll come in 6 hours from now though. I can communicate to my miners

WE SET A NEW RECORD FOR kano.is

The most shares in the history of the pool, 437.8 billion

Not a record I care to break frequently 

welcome blockchainmines. I follow you on utube as well. i love the setup you have wish i was able to set up something similar. currently stuck in my basement on a home depot metal rack.

any questions im sure kano/ck will step up and answer or one of the more senior guys that have been around for awhile any info you share on the utube will help drive people here.



hope we crack this block soon.

Hello 300%, have not seen you for a while......... Hope we don't meet again anytime soon.

You came at a perfect time as u want it to be slow while you are getting ramp up and then follow by tons of block once you are fully ramped up, not the other way around.  We will find a block soon as we are still continuin to add more fire power. PEW PEW PEW!!!!

Welcome to the party, personally I like the hard blocks because (and yes I know every block has the same chance) typically we get a good luck streak after a hard one.

Welcome BlockChainMines! I am a subscriber of yours. The videos really helped me out setting up my first miner. Thanks! Anyway, this pool has been profitable so far for me although I've only been in a short time. I like this thread and the people involved. Kano answers questions quickly and so many are here to help. Everything is transparent.

This block is nothing to worry over. We will solve it soon, I am sure. For the new people here....ya should have been around for the infamous 'DEMON' block.

LOL

CapnBDL