Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1955. (Read 5352097 times)

Time will tell on how things will pan out, but I don't see them changing tactics until the transaction rewards begin to outweigh the block reward. I'd prefer to see that happen due to more transaction volume as Bitcoin is accepted more and more for goods/services. I wonder if the likes of amazon/eBay will introduce Bitcoin as a payment method (with escrow).

I'd love to start a market place (illegal services prohibited). Unless one exists globally/UK already?

grrrrrr down time, more DDoS attacks?


I hope we get to 9.99% then 

But in all serious if a pool were to turn away potential miners, would a pool benefit from lots of little hash miners or fewer bigger ones? or mixture? or does the number of miners not matter ands it all about the pool hash rate? does 10 x 100GH/s have the same benefit as 1 x 1TH/s? Would a pool operator look for other qualities in a miner? like ping, forum etiquette  etc..

I am sure should kano.is hit 10% they're would be people here willing to start a pool with the same ethos as kano.is. I for one would put my money where my mouth is (financial situation pending of course).

One can't predict what will happen as it's a combination of real transaction volume and crafted spam transactions although the real transactions will inevitably rise in volume.

Bear in mind that if we magically had 8MB blocks (which isn't going to happen any time soon) that would give the dodgy pools an excuse to not bother fixing their empty block mining since they could just say they're adding transactions to the bigger blocks. Of course 8MB, while inevitable, isn't even on the visible horizon, yet transaction volume rising is, as is block reward halving, so the factors are stacked in favour of pools that aren't mining empty blocks for the visible future.

Yeah but that one is rather short term so it doesn't show the true picture very well.

http://bitblk.com/ shows mining pool daily block counts with empty blocks marked in red.

Yeah there's little chance of me ever implementing/using a btc address block in btcd
Even then I'd not suggest anyone to ever block a btc address either
The fungibility of BTC is crucial IMO

The only reasons I mentioned the address in my SPV thread was coz it's a publicly known f2pool address and thus shows straight away that it was f2pool using kano.is to get "SPV" headers

I have firewall ipsets for each of the different things the servers do (and a global one) and thus can block an IP in individual sets or globally.
So even when I block the f2pool dead pool miners, I'm not blocking any transactions or even their btcd if they were running on the same node.
It's just a miner block.

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Also ... the gentoo issue was that he had the blacklists switched on by default in the default gentoo bitcoin core build

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Yeah sometimes the payout can take a while to confirm when the network is busy.
It's rare, not common.
More hash rate could also speed it up since it is in our work and out next block should confirm it

As I have mentioned before ... if we were a few % of the network that would be good.
I'd have concerns if we were over 10%, and already be doing something about lowering it if we were ever over the 10% mark.
None of this "yeah it doesn't matter until you hit 50%" ... IMO more than 10% is when you should be turning away miners.

I do make that statement seriously, if we did ever get to 10% you will find me turning away miners and possibly even asking some to mine somewhere else.
You can quote me on this and send abuse if I were to ever do the opposite.

Are the backed up transactions only going to get worse the longer things go on? or do things eventually get caught up during "quiet time"? Is this where the block size change debate comes in? (as well as empty block mining). Do we simply have more transactions than the current 1MB block size can handle or if all pools pulled their weight it wouldn't be an issue? (yet)

https://www.youtube.com/watch?v=uMY5VGYh2Go We need a block ;-) hoping this will provide some motivation  for a certain high hasher

or maybe the pool needs this.... https://www.youtube.com/watch?v=msSc7Mv0QHY

Don't flame me, its a lonely Friday evening waiting for blocks and transactions 

P.S. will delete if desired 

Sounds legit!

Nice one, atleast we get some proper stats on these thanks to you


Yeah over time I have gotten tired of the large pools and mostly mine now at Kanos and CKs Solo..
All my hash are gone from the big pools nowadays, sometimes a bit of FRC mining as well lol

Have to come over and check yours sometime as well..

Edit: We should get more people informed about the dirty game the big pools play and get people to start "voting" with by pointing their hash to more ethical pools as you suggested..

I get those stats from running my own code to parse the blocks

What can a small miner do?  Easy - don't point your hash to those pools.  Support other pools.  For example, looking at my own mempool info on my pool, I can see plenty of transactions waiting to be included:


That's with limits on relay tx fees and setting my block size to be just shy of 1M.  Looking at my logs, I can see the blocks the pool is trying to create are right up against that barrier:


Kano's pool always includes transactions in the work.  As a result, his pool has never once submitted an empty block.  There are plenty of pools out there that don't behave badly .  Unfortunately, they don't have huge amounts of hash.

Wow, thanks for the summary stats, have no idea where to see daily totals for these empty ones..

But yeah, 14 empty blocks today - 14k tx - 14MB mempool backlog, it pretty much matches straight up with the backlog and empty blocks possible tx content had they been filled to the brim..

I guess nothing motivates some people but greed..

What is a small miner to do about these large pools to get them to "behave", nothing I can think of anyways..

Sad and ironic.. They are shooting themselves in the leg as well if the network gets too clogged up their proceeds go down as the price might fall as well.. Not too forward thinking these chinese pool operators have to say..

Not to mention the ethics concerned, but I guess each person has his/her own..

That's exactly what it means.  They put absolutely no transactions in their blocks.  It's possible because they create an empty block and pass that off to their miners.  Eventually they put transactions in to the work and pass that along.  That "eventually" depends entirely upon them.

Does this mean that they are working on blocks without transactions?

How is this possible?

I'm guessing that this makes it easier for them to mine with these blocks, therefore, higher chance of finding the payoff block?

Blocktrail shows the transaction just fine... blockchain.info just refuses to show it at all.

Well, not just blockchain.info

https://www.blocktrail.com/BTC/tx/5819e053783aa9ef768a9fa3d76da7cc6a1e86104fd485838101c8d47b5765c9

Just for curiosity's sake, I have been doing some looking about as to why my monarchs using BGFminer acted up yesterday.  Maybe this is relevant.

https://bitcointalksearch.org/topic/m.12804456

Post #596.

In the past 24 hours there have been 14 empty blocks:

BW.com - 3 of their 7 blocks were empty
AntPool - 7 of their 44 blocks were empty
f2pool - 4 of their 31 blocks were empty

There seems to be a huge backlog of transactions, according to blockchain.info around 13k unconfirmed transactions and mempool has grown to 14MB..

I bet this "backlog" would not exist or would be considerable lower if those greedy chinese pools were not mining empty 0-1 transaction blocks.. That is a lot of wasted space for transactions, there have been so many these empty ones today..