KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1976.

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Take a look at how PPLNS works. By definition it discourages pool hopping. That's why pool operators tend to use it over PROP.

What you are suggesting is that part time miners be punished.

Nuttycoins

newbie

Activity: 49

Merit: 0

UGGH... guess no one is understanding me... Or do, and don't want anything to change because of taking advantage of the current system.

It would STILL be a 5N system, with just a small adjustment to discourage pool hopping and encourage active participation.

The end result is EXACTLY THE SAME if you are active in either case.

OK, lets take this to an extremes to try to make a point... Say the whole pool mined 10P for 1N and didn't hit anything, and then everone left to mine elsewhere but one 10T dedicated miner. What do you think those 10P shares would be worth now??? Not doing the math, but most likely... NOTHING. As the chances of that person finding a block would be highly unlikely before the difficulty becomes unbearable.

I realize this is extreme, but that is what is happening now to a lesser degree. Going from 3P back down to 2P is sizable... The only way to find a block is to continue mining unfortunately, no matter how much effort you did before.

I am not disparaging the pool at all.... in fact I too find it the best out there, but am just putting out an idea for Kano to consider to help him stabilize it. Heck maybe even a 25% 1N - 15% - 5N, but don't know if that would have enough of an effect to be worth the hassle.

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

I like this pool and and the 5N payout system...it is truly a unique mining experience that maximizes earnings over the long haul. Think big picture here. I have been really nervous about putting all of my hash rate here but my small tests have been pretty amazing.

omega015

full member

Activity: 182

Merit: 100

Lots of people mine part time due to many things and even Kano mines part time due to his energy costs. It has also been suggested that if the pool doesn't keep up with the difficulty changes then Kano may have to reconsider the 5N, but given the last few blocks the pool found since the dif. increase then I hope there will be no need to reconsider the 5N. I am grateful for the big boys here mining and Kano for his continued work on this pool (and CK). I am very new to all this but I have read enough to see that Kano (and most others) are happy with this pool and how its setup and very few changes will be done. If its not quite what people are wanting they need to find a more suitable pool for them.

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: zahzin on December 03, 2015, 09:53:36 AM

Just my humble opinion, but the 5N payment method is what has interested me to mine on Kanos pool, as no one else offers such a service as far as I know of.

If you want something else for payment scheme, there are many other pools that are maybe more to your taste, but for me with my old Ant S2 miners this has been a valuable service.

And I am in it for the long run, not changing pools anymore, just letting them run here, you get the most benefit when you reach the 5N potential.

I maybe incorrect on these things, if so, Kano will likely let me hear it Cheesy

But still I think no one else is offering this kind of great payout scheme and pool, and am very glad for the service he provides and with very low fees for the miners..

Edit: and not to mention all the wisdom Kano dispenses concerning the finer points of bitcoin/mining.. Also thanks to CK as well..

-Thankful miner.

You might want to take a look at PPLNS pools in general. They all offer exactly that service

. Sure, the N value may be different, but the process is the same.

Kano runs a great pool. He's actively involved here on the forums. He might know a thing or two about the pool's code (and the mining software most of us use) Tongue

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: Nuttycoins on December 03, 2015, 09:41:59 AM

Quote from: jonnybravo0311 on December 03, 2015, 09:35:14 AM

I would ask you back why my shares are worth less than your shares. Let's say I rent 1PH/s for a day. For the sake of argument, let's say I get 1 billion shares. That's all I can afford for the week. You, on the other hand rent 200 TH/s a day for 5 days. You get the same 1 billion shares. However, because you mined longer to get exactly the same number of shares, you think you should be paid out more than me?

Humm... Guess I am not understanding your question. Don't see how one is worth more then the other. BUT, yes, if your one billion shares never produced anything, you still have a chance to earn 70% average of it if others continue to mine for you, but in actuality, you are no longer mining, so why do you think you are entitled to be paid at possibly 100% plus yet if others got lucky for you?

Why would I not be entitled to earn full value for the shares I submitted? So what if I'm no longer mining? I mined for a period of time and contributed to the pool's efforts towards solving a block. What you're suggesting is that just because my billion shares happen to be older than your billion shares, that mine are somehow worth less.

zahzin

newbie

Activity: 41

Merit: 0

Just my humble opinion, but the 5N payment method is what has interested me to mine on Kanos pool, as no one else offers such a service as far as I know of.

If you want something else for payment scheme, there are many other pools that are maybe more to your taste, but for me with my old Ant S2 miners this has been a valuable service.

And I am in it for the long run, not changing pools anymore, just letting them run here, you get the most benefit when you reach the 5N potential.

I maybe incorrect on these things, if so, Kano will likely let me hear it Cheesy

But still I think no one else is offering this kind of great payout scheme and pool, and am very glad for the service he provides and with very low fees for the miners..

Edit: and not to mention all the wisdom Kano dispenses concerning the finer points of bitcoin/mining.. Also thanks to CK as well..

-Thankful miner.

Nuttycoins

newbie

Activity: 49

Merit: 0

Quote from: jonnybravo0311 on December 03, 2015, 09:35:14 AM

I would ask you back why my shares are worth less than your shares. Let's say I rent 1PH/s for a day. For the sake of argument, let's say I get 1 billion shares. That's all I can afford for the week. You, on the other hand rent 200 TH/s a day for 5 days. You get the same 1 billion shares. However, because you mined longer to get exactly the same number of shares, you think you should be paid out more than me?

Humm... Guess I am not understanding your question. Don't see how one is worth more then the other. BUT, yes, if your one billion shares never produced anything, you still have a chance to earn 70% average of it if others continue to mine for you, but in actuality, you are no longer mining, so why do you think you are entitled to be paid at possibly 100% plus yet if others got lucky for you?

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

I would ask you back why my shares are worth less than your shares. Let's say I rent 1PH/s for a day. For the sake of argument, let's say I get 1 billion shares. That's all I can afford for the week. You, on the other hand rent 200 TH/s a day for 5 days. You get the same 1 billion shares. However, because you mined longer to get exactly the same number of shares, you think you should be paid out more than me?

Nuttycoins

newbie

Activity: 49

Merit: 0

I know I'm new here, but I think this simple idea would benefit all.

My observation is that the current 5N system has a built in incentive to not be actively mining, but rather mine elsewhere and let your very old shares do the work for you here.

Today is a prime example of how you want all hands on deck to get another block. If you are not mining at all, why is your work from 7 days ago worth the same as the person who found the block?

My idea is this, 1N gets paid at 30% , 2N to 4N get paid at 20% and 5N gets paid at 10%,, by simply shifting 10% from the back to the front you discourage pool hopping, and make it less of an incentive to protect old shares from falling off.

Also, difficulty changes are less of an affect as well.

I realize Kano would have more work to do on his payouts, but I'm willing to bet the pool would become more stable and grow quickly.

Oh and given the current lucky streak, could be put in place immediately.

.

Rikim4ru

full member

Activity: 169

Merit: 100

Hey Kano,

I'm mining at your pool by a wallet address;
Is it possible to migrate my 5N from this 'wallet-user' to a fully auth username? I would like to see all those dashboard that i'm missing out xD

Thanks

hurricandave

legendary

Activity: 966

Merit: 1003