Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2006. (Read 5352140 times)

BR keeps records or rather users comments/reviews on each miner but does not give location...

thedreamer rents a lot of hash, I think. some of his rentals have found blocks for us in the past so he should be able to provide some good advice on renting hash.

Since they are a proxy and their proxy adds a lot of latency, you need to be renting hardware that is closest to Caesars Palace at Las Vegas

I've no idea how you even tell where the miners are at a hash rental site.

But ... I still consider renting hash rate a high risk since you have to pay the hardware owner and the rental site no matter what they do.
And ... does the rental site keep history information on the hardware owners? Or is it "we get paid no matter what so we don't care" ?

Westhash

If someone wanted to rent hash power from NH to break a streak, would it be better to go eu or us

Block please

You will be happy you did!!

     

If I can ever get the S7s I have on order I'm going to try your pool.

I couldn't agree more regarding several of your points.
Slush payout method is a big reason why I cannot mine there. Even if (I hope it never happens, or at least anytime soon), but even if Mr. Kano had to close up shop I get screwed at Slush because of my intermittent drop off issue I have yet to figure out. My hash drops off for 5 mins and the block is found before I ramp back up then I don't get paid, and my drops happen enough that they fall on blocks. I've tried it with a smaller amount of hash and it sux. In general the payment system falls off way to fast anyway. I think that fall off speed is way too fast to be fair. I can understand if pools do not want to go as long as long as this one and the ramp up here took a bit to get used too but now I love it because I do things to make my ramp up feel faster even though I know it isn't, throwing another 10 TH in my mix makes my numbers look good to me heh. I pay for those things with coin, but I enjoy it as well. I only hate thinking about block withholders when renting hash so I do not rent near as much as I used too. It is actually pretty rare anymore.

I also agree with your thoughts regarding this pool. One of the biggest attractions is the interaction from the pool op. You could make a list of pros vs cons and I think despite the name con that ck and kano have done some fantastic work. Who else has the insight to the mining software, the pool software, and the experience. Many people can write code, and some can write good code, but having the experience of not only writing, but rewriting, real bug testing, real bug fixes, avoiding political situations or taking them on in the correct context, checking that software personally and then sharing it with the public... The pool fee is certainly reasonable imo and obviously it works. We've had an aggressive past few months and as anyone I do not want it to fall off for any amount of time but I am mentally prepared if it does because that is part of the scene.

A magnificent buzzword is transparency, and we have one of the finest examples right here. I think once people grasp the PPLNS payout system there is not much else to understand because it is so transparent. The PPLNS was the only thing which took me a minute to understand but I never doubted I was being treated fairly even though I check and recheck. I do that for my books, not because I think Kano is scheming to get my little bit of coin haha. Anyone can see if they are paid or not right there on the chain. There is an output to your address or there isn't.

I do not trust most of the chinese pools for one simple reason, they have screwed us before and choose to keep the same methods while claiming they corrected the issues. The only things they fixed is so they wouldn't mine on the wrong chain, they certainly didn't stop SPV mining which to me shows selfishness. Everyone has a right to make money, but do it without harming others unless the others are being stupid. In this case the "others" are doing the right thing.
I hope F2pool gets a karma kick in the balls one day and I hope it is something which hurts them and not their miners although, most of them know what they are supporting so maybe I shouldn't think that way, but there are some who go there for the regular PPS payouts. Bitmain, heh, I think they know exactly what they are doing and there is a huge amount of those pools working together and competing, but they certainly work to help each other in the mainland. Again, I wish no bad times to good miners, but I hope one day to see a group of hobby miners who can do it for the fun and who would have the communities best interest as a top priority over greed. I don't think most even shop around for the best value they sign up what someone has made look the best on paper through alt coins. I have previously said I would enjoy having some MM coins to play with for kicks from time to time, but if my pool ops say it isn't worth it well they've earned my trust through their actions and I take their word for it. <- and that is a perfect example of what I meant in my last post about the people who earn your trust aren't trying to do so, they are simply being who they are and running their business the way they think is right.

You know, it doesn't take near as much effort over the long run to do things the right way. Normally it takes much more effort to lie, cheat, and steal. Maybe not in one day, or even a month, but overall the risk versus reward, well, for a cheat and liar you must add in the stress because if those things don't add stress you are a psychopath.

No one who is screwing people everyday believes they are doing the right thing no matter how many times they say they are. Say your business was reselling parts. If you sold used parts as new you will be caught. Maybe it would be by one person, then a couple more, but eventually, it starts to add up.

There are criminals who get away with things everyday and I am sure there are a large number who are not caught, but those have to have that thought in their mind, just like a Parent running from their responsibilities and never seeing their child, it is in your mind, you can lie, drink, drug all you want but it comes back in spades and having that weighing on you is physically sickening.  

Life isn't fair, but being surrounded by people who try to be fair and honest sure makes it about as close as it ever will be to getting to that place. This community has a decent 'pool' of those types of people and no matter what else they may do when you can see how they have acted and treated people here for a while it becomes obvious they are generally making decisions to support that in general no matter the situation.

Those are the people I do my best to emulate.

I think I need to work on my delivery, but I hope the thought process behind it shines through, because I can be a dick sometimes, but that doesn't mean I wouldn't do everything possible to make sure you are treated right. I get some weird pleasure in taking up for people and righting wrongs in life and there is some chemical reaction that turns on a light in my head during that process. Maybe that is selfish in itself, but it's a good selfish I hope because it sure wouldn't turn on at the thought I'd taken advantage of someone or ripped someone off. Kinda like sidehack, he can be a dick sometimes in his comments but it is obvious the guy has a heart of gold and wants to do things "right". His version of right is in line with mine. His comments aren't near as dickish when you realize such. He simply has a harcore way of teaching you to help yourself and wants you to use your head and realize your potential. He can answer that simple question and throw a link to the answer over and over but I think he gets that satisfaction knowing he taught you to figure it out because he knows you are better for it. I say his comments are dickish but they aren't, they only seem such at first but usually there is a reason. Sometimes he gets in a back n forth with someone like pekatete but usually those things are a tremendous amount of nitpicking by the wrong person and sidehack is determined to show why so they learn.

I know a guy who is a complete asshole and says whatever rude thing pops in his head most of the time, but it is the truth. So while he needs to work on his delivery, he also gives people a place to live until they get on their feet, has let people and their kids who had nowhere to go stay with him and all of his family, he buys things for other members of his family who have blown their own money on stupid things because he isn't letting them go hungry even when he doesn't have much money himself, but I bet even though you couldn't tell it by talking with him that he loves the feelings he gets from helping people more than almost anything else in life except his own children. You can't replace that feeling from any amount of money you steal, well, unless maybe you steal it from a rapist or something teaching them a lesson but as a rule, or maybe the government but pretty much the same as a rapist so yeah, but even if you did steal from someone you thought deserved it is that going to come close to the feeling you will carry with you knowing you may have made the difference in some little kids life when they needed it the most?
I can answer that for anyone with a conscience, no, nothing can touch the realization you have made a giant impact on someone's life by taking a few minutes and helping them with their calculus homework when they have no one else to help them because their parents didn't pay the internet bill and bought a few bottles of cheap wine instead and got drunk.
Yeah, that makes a difference in them, and you. If you doubt me, give it a shot for 30 days and see how you feel. Good people are everywhere in this world, seriously they are, sometimes you simply have to show them it is OK to be good.

Ahhh geesh WoT again, my bad. I'll make sure it takes a couple weeks before I do it again 

I know you didn't ask me the question, but my guess is that it is run for the primary purpose of having influence in the Bitcoin community. Secondarily, they can push or test things like transaction spam filtering using other people's hash. Not saying those reasons are good or bad, just saying it is my theory.

Your only account there is the address that you mine with (username). Stats are completely open. They don't pay out accounts with what they consider to have dust in them and no shares for 4 weeks. Dust meaning less than 0.01 (TBC - don't ask, just pretend I said BTC). Also keep in mind that CPPSRB shares that pay out days or weeks later will reset the clock on that 4 week window. They probably make something from the dust, but nothing hugely significant I would guess. They also probably make a very small amount from Namecoin that isn't claimed and any CPPSRB shares that pay out dust to abandoned addresses - probably doesn't happen too frequently, but over thousands of addresses, it's probably measurable.

There's no way they could break even on expenses unless they simply stopped the pool. If Kano suddenly stopped the pool and disappeared, no one would lose more than their portion of outstanding block finds that hadn't finished 100 confirmations to be eligible for the manual payout. If eligius suddenly stopped and disappeared, some people would lose a lot more than 25 BTC - meaning that eligius would have walked away with it. Hence the trust the miners have in the operators. Like him or not, given Luke's ethical background and Wizkid's reliability and dependability in conistently fixing pool problems, I would not expect the pool to disappear without compensating those owed. But it could happen and the take would be significant.

What I don't get about CPPSRB payment system is that there are so many people willing to take an absolutely guaranteed <100% of PPS when they can mine on almost any other pool and have some chance of >100% PPS if luck is good over a given range. It's impossible to make more than PPS at CPPSRB, but as we all know mining here, we're way above PPS. Not that it is likely to continue forever, but I prefer to take my chances at hitting 100% rather than a guaranteed fail.

What I don't like about the slush payment system is that a sudden drop off in hash, such as during a power outage, can significantly reduce or even eliminate a payment for a subsequent block find. Arguably you weren't doing work when the block was found, so tough for you, but the payment method doesn't reward long-term loyalty like PPLNS, N=5 does.

The cool thing about eligius is the generated payments, but as has been mentioned here recently, it comes at a price to the pool's performance. Plus it means the pool holds funds longer than it really ought to for anyone who hits the 0.04 threshold before they are in the payout window, usually somewhere more than 4 days although at times it has been much longer. There's also always a pretty sizable cache of coins owed to miners should they decide to take their pool down and go home. Well, wizkid is a pretty solid guy so no one should expect it, but it does require more trust to those people who are owed coins. I do have a concern with people who do expensive things (run a large mining pool) for supposed altruistic reasons (no fee) yet are entrusted with hundreds or even thousands of coins.

I'm happy with the pool size here and the regular improvements that shows the interest Kano has in the success of the pool. Although finding more frequent blocks would be a wash for miners, it would certainly be good for Kano, and I want it to be profitable to him so he continues to run and improve the pool. Thanks for the great pool!

Out of curiosity, do you have any theories or wild guesses as to why Elgius is run the way it is? Do wizkid or Lucy Luke Joonyor have some way of sliding the money around you think? Maybe they just keep the coin which isn't paid out from the people who get frustrated and leave somehow?
I've previously wondered how much coin is left in accounts where you mine to an account and then setup a min withdrawal, but although I've never mined at Elgius I think you mine to an address don't you?

I'm not seriously saying unLuscious Lucy Luke and wiz are stealing because I have no proof and am purely speculating based off why anyone would operate a pool with those stats? If I consider other pools which I have seen run with poor stats in the end they were indeed stealing to make their hash go round. Like BAM, basic ponzis. Not even elaborate. When I consider any payment method other than paying me for the blocks we discovered after 101 confirmations.

Sersly, does one need trust for a trustless currency? Me thinks not. Besides, aren't the ones you trust and respect the ones who don't require trust to do business?

Yeah BAN was the classic case of PPS failure.
PPS requires a very large BTC backing to be sure to pay the miners when luck is bad.
He simply ignored the statistics provided (by Meni) of what is required to run a PPS pool.

Bad luck is expected and happens ... even here
Early in the year we had pretty bad luck, twice, for an extended period of time.
Fortunately we have evened out that bad luck with better luck

PPS also has a flaw that can hurt the pool badly, but is also, IMO, against the point of bitcoin.
PPS is paid independent of block finding.
The PPS flaw, of course, is that someone can withhold blocks (or produce no blocks) at a PPS pool and still be paid for all their work.
i.e. there is no requirement on the pool for a block to be found, to provide miners with payouts.

Yes that's already been said, but I see it from the bitcoin side: once we've done some work for bitcoin, we indeed deserve to be paid.
We are a mining pool, so we are pooling our luck and variance so that we get paid collectively, WHEN anyone finds a block, and of course that does include me also, I do mine (small), but I also get no pool fees if we don't find blocks.

Note that eligius isn't PPS.
Like here, the miners at eligius take the risk of not finding blocks.
... the risk at eligius just happens to be higher ...

well I don't know the particulars of one pool over another... but I think that any PPLNS pool is thought to pay better due to no promise by the pool operator on when or if you will get paid... (Dont freak out now, let me explain...)
 With PPLNS the operator pays when the pool discovers a block, and subtracts a small fee for their trouble and to recoup expenses... usually these types of pools are in it for the love of the game. and the risk factor is pretty small for the operator but convincing people to hash generally takes some time and trust

In general a PPS type  pool pays you (theoretically) based on the hash rate you donate/send to the pool. the problem with these pools as I see it is.. the pool operator makes a commitment to pay the miner whether a block is found or not.
You can easily see that, on an Unholy block such as our 666 block awhile back.. this could cause the pool operator to owe more BTC than the pool has discovered.  So generally they pay less and charge more Fee's for their prospective risk.

as long as any pool stays in the 100% or less discovery threshold all is well.. but a PPS type pool can be upside down rather quickly if bad luck sets in and they go to >100%

No matter what pool you choose.. consider yourself a pussy Wussy because you are not going at it SOLO and trying to discover the blocks for yourselves. ( and yes I am including myself in this category )

Noob here....I have been watching this thread/pool and seems like the logical place to point my small hashing power (12+/- Ths). Now I need to look into the S3 updates. Thanks for providing a great alternative to all the other crap pools out there.

Not planning on mining there, but did look at the first 1 at the top of their top hasher list (who has 66+BTC unpaid, so over $15,000 at just $230. per coin).

And looking at the payout queue, some people have to wait for 13 more found blocks to be paid for a block found a few hours ago?

Then there is this, the top of the payout queue list is an 8 almost 9 weeks waiting payout of ~.04BTC), but in that time BTC went down ~$40, so not only have they waited almost 9 weeks, but they also lost ~$1.60 in that wait before even being paid!

Why would/does anyone mine there, when you lost before even being paid?

Payout 376409 sent
1723098bdf6e61e5ce64b86686fad84d5c62f7f4784c3453065a87a7bc921e2d
and confirmed

And i was just jesting.

And yes with current stats, they have 220 Orphan for 9945 Blocks which equate to ~2.2% orphan rate. I'm not sure about their fee and payouts but even with 0% on Fee and TX Fee, they would still be behind vs Kano's!

Nah, the expected payout is better here, when ignoring luck.
I'm not including luck in my comment.
As I pointed out before:
https://bitcointalksearch.org/topic/m.12409461

The orphan rate is way high at Eligius, and even when there's good luck there, they have a ceiling of 100% PPS.

Click on their web site and click on the addresses of the block finders (i.e. most are not short term miners there) ... see their payout % ...

Haha. Hopefully being snarky on top of our laurels wont Jinx our luck from now on... Laws of average state we're due for a drought.
Let's see how we actually ride it out. We just have better overall odds because of that super automagically efficient block change code that keep the orphan count down, but still.

Well either we're being super lucky or you're padding out payouts out of your pockets! Joke