Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2207. (Read 5352747 times)

win some lose some

16+ hours to get that one...

Confirmed

Yes as someone linked my earlier post, I removed the one piece of information that gave an (inaccurate) estimate of the payout.

I will definitely be putting more information on the web site as I work through the changes I'm doing.
Unfortunately that's taking me a bit of time (xmas holidays, recent irl issues, pool issues and pool management)
Once that is done I'm sure everyone will be happy with the result.

If you are concerned I might not be paying out the right payouts in the meantime, by all means, wait until I've added that information to the web site before mining here.

As for your misunderstanding about PPLNS:
Of the 2 basic types of payouts, PPS related and block find related:

No pool op who understands statistics and the problems with PPS, would willingly use PPS unless they had a large fee or, like Eligius' block find payout modified PPS, the risk was on the miners, not the pool.
The normal PPS pool risk is two-fold.
One being that, statistically, long term it is expected that bad luck will eventually make the total payments exceed what the pool earns. For a small pool, early on, that is highly likely ... as can be seen recently.
The other risk is that block withholding by miners will simply make the pool unsustainable by not reducing the withholding miners payout thus running the pool broke.

If you wish to read about pools and payout there is also this thread:
https://bitcointalksearch.org/topic/m.1146110

Of the block find related payout schemes, PPLNS is the best IMO for the following reasons:
There is no major risk in the payout scheme for the pool or the miners thus you can expect the pool to survive long term.
People are paid proportionally to their work done each time a block is found and the funds are available.
Luck means that sometimes the payouts are slow and sometimes they are fast.
As long as the pool is big enough (as we are now) it would be difficult to argue that the rare slow payouts are much more than impatience.
Basically what this means for me is that I expect the pool to continue running for as long as there are enough miners.
Luck and variance play no direct affect on the viability of the pool, only indirectly if the luck is bad enough to make the miners leave.
The fees are quite clear, in our case, we pay 99.1% of each block+txn fees to the miners.

I have still yet to understand how people get themselves in a position where hourly payouts (vs payouts after work is done and payouts available) makes the difference between being able to mine and not being able to.
Of course, if a pool is small, the variance can indeed mean not getting enough payouts in a certain time frame needed for some, but in the case of this pool, if the current variance is something you cannot deal with, then by all means, find somewhere else to mine.

This is one of the most transparent pools out there and yes PPLNS can be confusing (payouts originally had me confused also - search PPLNS and read) and it is up to you to crunch your own numbers.

If you are looking for a pool that has a glitzy GUI with all the canned reports I suggest you look through : https://bitcointalksearch.org/topic/btc-mining-pools-list-104664 as this might not be the pool for you.

You will also need to be patient as if you recently joined it will take some time for your full payout to ramp up (if you do wait you will be glad you did). Kano has explained his payment method several times https://bitcointalksearch.org/topic/m.9855962 Good Luck and Happy Mining.

• Everyone has been paid from this pool, and quite consistently for those who just leave miners running. Unless you entered an incorrect address, give the pool a few days. You can also verify this by checking out their payouts at blockchain.info.
• It's not the pool ops responsibility to keep track of your BTC earnings. Simple stats are provided for what seems to be convenience only, not actual record keeping.
• The code running this pool is available for download, if you need more transparency you could always run your own pool.

Some pool options for you

• http://solo.ckpool.org/ - Solo mining without setup - you get something like 99% of the total block. May take a few months.
• https://bitbucket.org/ckolivas/ckpool - Good place to start if you want to run your own pool, or make a better environment for miners alike to work in.

cheers!

I haven't grasped the math behind it either.

But I can tell you this...

1 - the payouts happen roughly around when the block matures, which is ~110 confirms.
2 - PPLNS does help miners, as it prevents pool hopping.  Pool hopping is planned hopping to a pool in a manner that gets the most reward for the least work, and it hurts the miners who actually do the work.
3 - Kano is still working on things.  The infrastructure for the pool is there, nice to have stuff is still coming.

M

https://bitcointalksearch.org/topic/m.9939227

I cannot find anything in my account that says what I've earned, what I've been paid, and what I'm owed. To say I don't get paid until N exceeds 5 x difficulty + delta tells me exactly nothing. What is my N  Do you have any plans to provide transparency for miners

I think PPLNS is the worst thing ever conceived for miners. I can see why you like it since payouts significantly lag work done.

I guess in 14 hours I'll see how much I'm paid for the first block found since I started mining here.

Congrats! I have only been credited with finding one block. That was on Slushes pool back when I was running 13 USB miners...hum I believe @4GH/s Total 

Woohoo my first block found evah!!!!!!

and another, +2 confirms 

Hoping today will all be green!

Ding!

one at +1, one at +17 

Yeah it's all good now.
The sync number added at the bottom of every web page also says the state of ckdb vs ckpool.
During a reload that will rise dramatically then count down to 0 once it's all back in sync.

That's nice, thank you Kano.
It's up and running now, i have no other pools....it's Kano's only that placed on my small machines

Thank You and Merry Christmas to all.

Yep - sorry - the pool was offline twice for a short time.

I've been working on ckdb for the last hour trying to sort out a timeout issue talking to the pool and have had to reload a few times now.
That normally means no affect on miners.
Unfortunately during that, the pool itself died twice, so there was the short outages each time I restarted it.
All should be good again now ... but I'm still sorting out ckdb so I'll post again once ckdb is 100% also
i.e. once the web site is ok coz ckdb has finished the reload

Yeah, I noticed my miners failed over to my other backup pools. The website is showing ?'s and no stats.

That means when your mining and the block is 80% solved someone jumps in with 1000TH and receives the benefit as if they mined the whole block.

Hi,
Is everything ok? my machines are down and beeping few minutes ago. Hope this would not be long.
It's nice mining at Kano's pool.

Thanks.