Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1796. (Read 5352322 times)

logged in to a BLOCK!  That's nice.

I don't have to remember it ... the pool does.

nice to see it...
by the way...
I have mined with this pool 30000 satoshi now...

Kano ...do not forget it...

Blocky blocky!

It sends it to the address you have at the exact time the block was found.

--

Payout 394665 sent
99634408da58c5f84d40d7c57c687037c3841d325343092aaf16a5d059bad964
and confirmed

Biodom and Kano - Very well put!


Kano - Can you find out why my account nhando1977 is still sending money to my Coinbase when I change the Wallet a long time ago?

For Nbiz account, it didn't even deposit.  If this is not the right place to discuss this, please PM me.

Just reposting the edit I added above:

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

I actually quite agree, but I think that it is good that you caution the "enthusiasts" that there could be a 2 mo period of bad luck (like it was in Oct-Nov).
I might join the pool (or to be exact, change pool priorities) very soon, but some people are pronouncing that it will have the 104% luck forever due to non-luck factors.
I would be very happy with 100 and even 99.5%, honestly.
What I wouldn't want to happen is pool-hoppers jump in en masse, then leave during 2mo potential "difficult" period (which might not come in the foreseeable future).
I feel that more talk/eduation on the matter is needed.

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

this "ramp up time" you speak of is not a huge thing.. it goes both ways meaning when you turn off a miner, or a rental runs out you get paid till it "ramps down", and it helps keep your hash rate from dropping off should your miner be offline for a short bit and a block was found at that time...

ANTPool is not even a consideration.  The only way we can support decentralization is to support a balance of US vs china.  I have nothing against ANTPOOL or China but the entire point of decentralization is exactly that, not give 1 pool complete control.  I've been on this pool since it was 3PH, a rookie and know absolutely nothing about the 5ND.  This community have taught me so much in the past few months.  My brother in law's group's goal is to grow to 2 or 3PH while supporting Decentralization.  Even though 3PH sounds like a lot, it's nothing in the grand scheme of things.  They have their own private pools but my recommendation is that they should support this Pool instead.  My portion of the project is to grow to 500TH but it's been painfully slow with nothing but speed bumps with all the power and cooling issues.   Heck, I'll be lucky if I can even get to 50% of that by year end at the rate I'm moving.

I really want to see Kano grow to be 10% of the network as we have a wonderful community that truly believe in doing the right thing for the bitcoin community.   I do believe Kano will grow pass 20PH before end of 2016.  If I can convince them to move the 1.5-3PH, it would just speed up the process.  I highly doubt they would move 100% to any pool but even 25-50% is a good start.  Once we're in the the 20PH+ and the ramp up time is less than 1.5days, I think the conversation will quickly change and Kanos will grow at an unprecedented speed.

read this thread


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


My proposal is that  the bolded statement above  is not correct.

It is not like kano has 12 guys tossing a coin in the air and antpool has 200 guys tossing a coin in the air.

With perfectly identical coin tossing  systems.


There is software/hardware servers/ connections   and they are not equal  so the 104% 'luck' is due to superior setup vs the '

100% 'luck'

this is lifetime over extended blocks.

maybe part of the superior luck is that 12ph  can hash more efficient then 200ph due to connection issues.


For example if antpool had to process on 56g dial up

and kano was using 300mb fiber optics they would kill antpool.

but if both had the exact same connection   12ph would move more quickly along an equal highway then 200ph.

But if this is true  and kano was to grow to 50ph and antpool dropped to 162ph

the luck would still not level out.

You got guys with 500th to 1.5ph

they need to read what  am saying  since 1.5ph earns about 200 coins a months at 100%

and 208 coins a month at 104%

once you figure in  fees  antpool would give them about 195 coins  and kano would give about 209

that is 14 coins per month.  the upside is huge

They're operating 1.5PH of hashing power so they're no dummies like me when it comes to the math.  It's more of a hedge.  Pass performance does not guarantee future results is what they will say, but I'm selling it based on the community / developers.  So far they have committed 200TH out of the 1.5PH, I'm pretty certain the rest will come once they see the results for sure.  Right now they are just testing the tools and functionalities.  My project is supposed to support the next 500TH expansion but I seem to have the worst of luck when it comes to this ever lasting POWER upgrade delays.   Been Pitching ZACHM's tools, they like that.  

P.S Stay tune for my 3D printed project. Some very cool work on Exhaust fan cooling and customization.  We need to get Kano to be at least 10% of the network, so that we can help do our part on the decentralization even though it's just a fraction.  Bitcoin will be worthless if it's just controlled by 1 group.

have them read my thread on the lifetime  math for this pool.

for every 97.5 coins they would earn on antpool they would earn 104.2 coins here. the math is very compelling for big groups to come here.

my thread is in the pool section.

My Brother in law want to bring onboard another 200-500TH group but they seem to think 2.5 days is a bit long.  Here's hoping our pool get to 20PH soon.  I'll work on bringing them on board soon enough.   I will bring in 1PH to Kano before year end for sure.  It's good to have a bunch of Big Pillar Players to support the many smaller miners to increase stability / decentralization.  This is the pool to be at. 

So current Ramp up time is about 60hours or so? Daymm.. Getting down from the 5day wait. :-)

Well, remember that the ramp isn't a loss of anything, it's simply delaying rewarding your shares by spreading the reward out over 5Nd after each share.
But anyway, the last reward was 58hr 20m 31s = 11.73PHs so to make that ~24hrs:
(58*60+20)/(24*60) * 11.73 ~= 28.5PHs

At what total pool HASHing power will the RAMP up time be at just 1 day?  30PH?

 🍗🍗🍗Keep that Chicken dance going!!!! 🍗🍗🍗

NBIZ needs to be fully RAMP UP!!!!!  THESE NEW BLOCKS WOULD BE MUCH MORE TASTY!!!!