There are currently 2 purposes for Bitcoin to mining.
1) increase the number of blocks in the blockchain to increase the security of previous blocks
2) confirm transactions
If no one confirmed transactions there would be no use for bitcoin.
You cannot ignore 2) in any argument unless you are trying to step around it.
Saying that the block reward of 25BTC outweighs the importance of confirming transactions is simply bad for bitcoin.
Should people who solo mine always mine empty blocks?
The % of blocks found by small solo miners is small compared to the total number of blocks found - so should that matter?
I say it does in all cases, both 1) and 2) have equal priority since they are both critically important to bitcoin.
Now there's yet another point about this "argument" that some may not realise.
That other pool that sends out empty blocks to their miners, had a period of time where they got lots of orphans and had trouble with the pool.
Their solution, as they posted in their pool thread, was to limit transactions to a maximum of 32 transactions per block for 5 months.
Clearly their actions speak loudly.
Also note they are simply trying to confuse the issue by saying that they must send an empty block instead of a block with transactions.
This is rubbish. When the block changes, we send a block with whatever transactions are in the template provided by bitcoind
Their argument seems to be that they find out about the block change but their code is WAY too slow to get new work, so instead they send out an empty block while they wait for their slow pool code to get the data with transactions in it and then finally send it out ...
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2081. (Read 5352067 times)
May 20, 2015, 11:42:18 PM
May 20, 2015, 11:29:21 PM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.
May 20, 2015, 11:09:32 PM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
May 20, 2015, 10:57:24 PM
I don't get the question, sorry.
[/quote]
I don't get the question, sorry.
[/quote]well what are the costs derrived form in running a pool, i've been reading about pool costs, IMO since i'm a miner my self, power cost of running pool servers can"t equal or supass that of a lets say 1 PH farm, just looking for knowledge
May 20, 2015, 10:44:11 PM
[/quote]
I don't get the question, sorry.
May 20, 2015, 10:42:03 PM
As a colonel used to tell me, 'It's way above my pay grade'. 
I'm lucky I grasp the concept of hashes, still learning about all of this.
All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.
Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.
just how much power and bandwidth can the pool servers consume verses a 14 PH farm I'm lucky I grasp the concept of hashes, still learning about all of this.
All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.
Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.
May 20, 2015, 10:24:06 PM
As a colonel used to tell me, 'It's way above my pay grade'.
I'm lucky I grasp the concept of hashes, still learning about all of this.
All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.
Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.
I'm lucky I grasp the concept of hashes, still learning about all of this.
All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.
Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.
May 20, 2015, 10:22:54 PM
Seems like Eligius pool likes to hide the truth 
They deleted my reply to their libellous post about me in their thread
Empty blocks minimise your stale shares.
Eligius (and probably most cluefully operated pools) send them as soon as a new block is found, so that you can begin mining immediately.
This is also followed up with an updated block full of transactions that miners can begin working on as soon as they receive it.
If your internet connection is 10 Gbps, the empty block might waste a few bytes of bandwidth and you'll get the full block immediately to begin working on.
If your internet connection isn't so fast, you'll begin working on the empty block, then transition to the full one as soon as you finish receiving it.
Of course, this is assuming you're using optimised software like BFGMiner. It's quite possible kano's cgminer is buggy in this regard and will mine empty blocks even after it receives the full one - I don't know, not my concern.
Well since all the other points have be proven not to be lies by your and anth0ny's replies, I'll just point out about this one.
Anyone need only check the blockchain blocks to see blocks with no transactions in them.
Pools using the eloipool software send out empty blocks ... and yes that includes antpool.
So do miners really think that a tiny number of stale shares is more important than confirming transactions in the blockchain?
Well, you could always avoid it by using ckpool, that doesn't have this design flaw.
... and of course he infers a lie about cgminer - but wont outright say it - because he knows it isn't correct.
... and the stratum code in the cgminer clone was copied from cgminer - because luke posted on the forum that stratum was difficult to write.
They deleted my reply to their libellous post about me in their thread
(and send their miners blocks with empty transactions to speed up their slow pool software ...)
This just shows his ignorance.Empty blocks minimise your stale shares.
Eligius (and probably most cluefully operated pools) send them as soon as a new block is found, so that you can begin mining immediately.
This is also followed up with an updated block full of transactions that miners can begin working on as soon as they receive it.
If your internet connection is 10 Gbps, the empty block might waste a few bytes of bandwidth and you'll get the full block immediately to begin working on.
If your internet connection isn't so fast, you'll begin working on the empty block, then transition to the full one as soon as you finish receiving it.
Of course, this is assuming you're using optimised software like BFGMiner. It's quite possible kano's cgminer is buggy in this regard and will mine empty blocks even after it receives the full one - I don't know, not my concern.
Anyone need only check the blockchain blocks to see blocks with no transactions in them.
Pools using the eloipool software send out empty blocks ... and yes that includes antpool.
Quote
Empty blocks minimise your stale shares.
So do miners really think that a tiny number of stale shares is more important than confirming transactions in the blockchain?
Well, you could always avoid it by using ckpool, that doesn't have this design flaw.
... and of course he infers a lie about cgminer - but wont outright say it - because he knows it isn't correct.
... and the stratum code in the cgminer clone was copied from cgminer - because luke posted on the forum that stratum was difficult to write.
But Kano, their pool is perfect! the mining software is made to the pool, nothing could go wrong!
unlike this buggy ckpool software they cant get working, it doesn't talk properly to their mining software! so buggy, so useless!
now start mining empty blocks! make more hashrate numbers!
May 20, 2015, 10:10:30 PM
Seems like Eligius pool likes to hide the truth
They deleted my reply to their libellous post about me in their thread
Empty blocks minimise your stale shares.
Eligius (and probably most cluefully operated pools) send them as soon as a new block is found, so that you can begin mining immediately.
This is also followed up with an updated block full of transactions that miners can begin working on as soon as they receive it.
If your internet connection is 10 Gbps, the empty block might waste a few bytes of bandwidth and you'll get the full block immediately to begin working on.
If your internet connection isn't so fast, you'll begin working on the empty block, then transition to the full one as soon as you finish receiving it.
Of course, this is assuming you're using optimised software like BFGMiner. It's quite possible kano's cgminer is buggy in this regard and will mine empty blocks even after it receives the full one - I don't know, not my concern.
Well since all the other points have be proven not to be lies by your and anth0ny's replies, I'll just point out about this one.
Anyone need only check the blockchain blocks to see blocks with no transactions in them.
Pools using the eloipool software send out empty blocks ... and yes that includes antpool.
So do miners really think that a tiny number of stale shares is more important than confirming transactions in the blockchain?
Well, you could always avoid it by using ckpool, that doesn't have this design flaw.
... and of course he infers a lie about cgminer - but wont outright say it - because he knows it isn't correct.
... and the stratum code in the cgminer clone was copied from cgminer - because luke posted on the forum that stratum was difficult to write.
They deleted my reply to their libellous post about me in their thread
(and send their miners blocks with empty transactions to speed up their slow pool software ...)
This just shows his ignorance.Empty blocks minimise your stale shares.
Eligius (and probably most cluefully operated pools) send them as soon as a new block is found, so that you can begin mining immediately.
This is also followed up with an updated block full of transactions that miners can begin working on as soon as they receive it.
If your internet connection is 10 Gbps, the empty block might waste a few bytes of bandwidth and you'll get the full block immediately to begin working on.
If your internet connection isn't so fast, you'll begin working on the empty block, then transition to the full one as soon as you finish receiving it.
Of course, this is assuming you're using optimised software like BFGMiner. It's quite possible kano's cgminer is buggy in this regard and will mine empty blocks even after it receives the full one - I don't know, not my concern.
Anyone need only check the blockchain blocks to see blocks with no transactions in them.
Pools using the eloipool software send out empty blocks ... and yes that includes antpool.
Quote
Empty blocks minimise your stale shares.
So do miners really think that a tiny number of stale shares is more important than confirming transactions in the blockchain?
Well, you could always avoid it by using ckpool, that doesn't have this design flaw.
... and of course he infers a lie about cgminer - but wont outright say it - because he knows it isn't correct.
... and the stratum code in the cgminer clone was copied from cgminer - because luke posted on the forum that stratum was difficult to write.
May 20, 2015, 09:35:41 PM
Must... beg.. for restart of pool.. Must.. beg....
* kano restarts the pool
May 20, 2015, 09:29:04 PM
Must... beg.. for restart of pool.. Must.. beg....
May 20, 2015, 08:37:36 PM
I just need to work out how to control luck
It's there in the code somewhere, keep digging!
Well...What the hell....try a restart @48hr...can't hurt? Oh, heck, it's all luck! No 'Magic Mike'. Bawaaaha.
All i can say is Quantum calculations...
My quantum calculations are going great, they are simultaneously a complete success and I have not started them. I would let you observe my work, but...
Yeah, i know.. i could look at it backwards when its moving though, that's if i can follow them electrons passing over the bits. the problem is, every time you hit a block, and look at it, it never happened. i blame kano looking at the logs all the time. or everyone else for that matter, looking at their logs. you'd be a millionaire by now.
you know, our understanding of quantum mechanics, it in a quantum state. we know what happens, but we know nothing about it!
May 20, 2015, 11:37:43 AM
I just need to work out how to control luck
It's there in the code somewhere, keep digging!
Well...What the hell....try a restart @48hr...can't hurt? Oh, heck, it's all luck! No 'Magic Mike'. Bawaaaha.
All i can say is Quantum calculations...
My quantum calculations are going great, they are simultaneously a complete success and I have not started them. I would let you observe my work, but...
May 20, 2015, 08:48:28 AM
I just need to work out how to control luck
It's there in the code somewhere, keep digging!
Well...What the hell....try a restart @48hr...can't hurt? Oh, heck, it's all luck! No 'Magic Mike'. Bawaaaha.
All i can say is Quantum calculations...
May 20, 2015, 03:34:58 AM
...
Okay sent 0.100 via my coinbase account .
Now take that pay for some of your 50cent power and point a miner it at cksolopool
Or point a miner during the 9.3 cent power maybe you can hit a block!
That would be lucky!
Many thanks, donation received Okay sent 0.100 via my coinbase account .
Now take that pay for some of your 50cent power and point a miner it at cksolopool
Or point a miner during the 9.3 cent power maybe you can hit a block!
That would be lucky!
May 19, 2015, 10:00:32 PM
...
1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
I want to send some btc
0.100
is that address above good to send to.
Yes thanks.1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
I want to send some btc
0.100
is that address above good to send to.
Though I prefer mining to donations coz then we are both getting something back.
I just need to work out how to control luck
Okay sent 0.100 via my coinbase account .
Now take that pay for some of your 50cent power and point a miner it at cksolopool
Or point a miner during the 9.3 cent power maybe you can hit a block!
That would be lucky!
May 19, 2015, 08:38:04 PM
I just need to work out how to control luck
It's there in the code somewhere, keep digging!
Well...What the hell....try a restart @48hr...can't hurt? Oh, heck, it's all luck! No 'Magic Mike'. Bawaaaha.
edit; so serious here. Nobody has a sense of humor anymore. I laughed. No magic,.. mike,.. get it mikestang? Oh well.....trizzle, trazzle, truffle..
May 19, 2015, 06:29:52 PM
I just need to work out how to control luck
It's there in the code somewhere, keep digging!
May 19, 2015, 05:56:57 PM
...
1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
I want to send some btc
0.100
is that address above good to send to.
Yes thanks.1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
I want to send some btc
0.100
is that address above good to send to.
Though I prefer mining to donations coz then we are both getting something back.
I just need to work out how to control luck
May 19, 2015, 05:38:00 PM
I've (in the last few weeks) yet again reduced my mining.
Now week-daily between 2pm and 8pm (when it's ~50c kWhr) I also switch off the S5 - so almost zero mining 6hrs a day
(except 2GHs on an RPi that I never switch off)
But ... the other day I had a think about it again and realised that between 10pm and 7am every day my elec is actually quite cheap.
... then today I actually bothered to work out what it really is for that 9hrs a day ... 9.3c/kWhr
So for the near future I'm doing ~3.7TH/s from 10pm to 7am every day
and I'll dig around my old hardware and see if there's anything else worth running for that 9hrs a day.
So if you notice I'm not mining on the pool, it should only be that 6hrs a week day
Now week-daily between 2pm and 8pm (when it's ~50c kWhr) I also switch off the S5 - so almost zero mining 6hrs a day
(except 2GHs on an RPi that I never switch off)
But ... the other day I had a think about it again and realised that between 10pm and 7am every day my elec is actually quite cheap.
... then today I actually bothered to work out what it really is for that 9hrs a day ... 9.3c/kWhr
So for the near future I'm doing ~3.7TH/s from 10pm to 7am every day
and I'll dig around my old hardware and see if there's anything else worth running for that 9hrs a day.
So if you notice I'm not mining on the pool, it should only be that 6hrs a week day
1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
I want to send some btc
0.100
is that address above good to send to.
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