Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 223. (Read 5352229 times)

3 down and 3 $100 coupons $100 expire eleventh June left.

Time for this block to die as we're getting into BLOCK PARTY WEEKEND BABY!


MINE ON WITH KANO-SAN!

1 $100 expire June first, 4 $100 expire eleventh June and the mystery $big expire thirtieth June

If you look at Slush's FB page there is a post from Feb 6, 2016 that acknowledged it. Also attached there is a link to a slightly longer explanation.


Here is a link to different post by Kano about the issue. https://bitcointalksearch.org/topic/m.13811300

When do they expire? If good for another month I'll take 2 if possible.

Also I hope we get this block, fees are rising, 13.3btc is estimate for this one so far. 40 mins and nobody found it!

Not sure but worth checking, I've just given 1 coupon away 5 more left.

An OT comment for sure, but let's all send our thoughts and prayers to Elaine (firetreeactual) who's not on the Big Island but certainly is part of the first responders dealing with Kilauea's temper tantrum...

Mine On! 

Thanks Kindly K.P PasstTheHash.

It certainly came in handy seeing that i'm having issues with one of my miners.

Hope your issues on the island are sorted real soon, Have a great weekend .

Mine on Kano San !!!!!!

Hello once again from kano.is(land) & kanois.land!

The 5/5 500-4-5 giveaway concluded a few hours ago. Tarby32 received (>)500GH/s for over 120 hours (5 days). Congrats!!

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It's going to be an interesting weekend on the Island. The cubbyhole has become unusable.    I am going out to scour the island, looking for a new location.
With that in mind, I won't be able to commit to the next giveaway before the resumption of operations is assured. As soon as I know more, I'll post it here and on kanois.land.

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I just saw yet another example of "Pass the Hash" amongst KanoPool members/miners:


It's things like this, Shazam!!!'s social media/education campaign (btw, happy birthday! and nice update to the avatar!), and Kano's transparency and willingness to share his expertise with the community, that make KanoPool the only logical choice for BTC mining.


Until next time, here's to a BTCig BTClock Weekend!!!

I just ordered a couple with coupons. Worked fine. Awaiting shipment now.

Am i right in thinking that the new s9i don't allow coupon use ?

That's the spirit, if you have any takers they can ping me for my 6 $100 tokens too. 

Well you got me through to the end of my nightshift. Thanks again.

As a fairly green miner in the scheme of things it does still floor me when I learn more about the ecosystem and the evolution of mining. You have taken on a very transparent approach with "member" support that goes unrivaled. Unfortunately most new miners (myself previously included) don't see beyond the flashy dashboards, or shiny distraction payout comments of many other pools. It took me a long while to find myself here permanently, at first due to ignorance then secondly due to a continuous cycling of equipment sales.

One thing that stood out was your willingness to devote so much time and resources to doublechecking the pool info during... I think October?? Can't remember for sure.

This stands in glaring contrast to the history lesson I just received and as you mention another pool that dumps the data never to be combed through (I was unaware of this). I did discover me and "him may have something in common (in blue)  

Getting late starting to ramble... Mine on

@ shazaam a merit for all your efforts

Hey guys,

I have two $100 Bitmain coupons available for donation to Kano Pool miners, just hit me with a PM.

When I was doing research on what pool to choose, I ran across this and many other occasions of delinquency. I spent hours scouring through the threads, and along the way, I discovered the dark underbelly of mining. It's there, and "some people" have made fortunes in the shadow of the uninformed. They STILL are today. This weighed in heavily on my mind. On a Moral level, it's just down right despicable.

Sooo, I decided that the uninformed should be enlightened, about these people and their shenanigans. However, here in the forum, one tends to get alot of friction, from "rocking the boat". Even though, most of the proof is here in the threads, people don't seem to want to notice it, or simply overlook it as opposed to speak out. Other people just stay ignorantly blissful, for the sake they think they're getting paid what they deserve. I tried helping a little with a signature leading to the thread about tax fees, but it was hardly noticed. It all led me to start a PR campaign on social media platforms. It's there, newcomers and veteran members alike, can be informed of the information. Then, they can come to BCT to find the info. At some point, EVERYONE in the Bitcoin community ends up here.   #takeminingback was born.

As with the darkness, there is light, and so I am a Proud member of Kano's Pool. Not only in this thread, but in many others, Kano has been very diligent about the security of Bitcoin, and users within the community. You can look back through, the years of Threads, and see his suggestions and warnings. Some people have been grateful, and some people bitch about their dust ( though they are BIG into mining  ). The proof of Kano's success is ever present. Not only as the best pool operator, but also the most dedicated to the users. That in itself, is our Biggest Reward. Someone who can, and will, educate the uninformed.

Well there's 3 ways to look at it:
Financial advantage, Competitive advantage, Because you can.

Brief overview

Financial advantage
Anyone who is paid PPS for their mining, the value of their mining falls with the rate at which blocks are found.
'Slower' blocks means a lower diff change and thus effectively a smaller drop in the value of their miners.
Only 1 block withheld affects the average by about 0.05%
Plus I have a specific follow up comment to anyone who says that people wouldn't do that:
Look at how many people mine altcoins and don't care that they are pretty much all scams.
People don't mind being involved in those scams, why would you expect people to not withhold?

Competitive advantage
A large pool maybe can afford to lose some BTC to destroy a small competitor?
(Or a small pool may be owned by someone with a LOT of BTC to risk some to help them get an advantage)

Because you can
Why do people DDoS servers, web sites, companies ...
Usually it's "Because they can"

I still don't get the point of withholding blocks. I'm mining for money, I want to be paid...

No it wasn't directly malicious as such.

It was a case of crappy level testing of a proxy that the company involved was using.
The follow up problem of course being that when slush was told about it over and over, he eventually did look into it - I'm guessing it was OOC who contacted him and then he finally listened.

However, there's a rather stupid 2nd side to it all ...
The longest running pool on bitcoin wasn't checking for withholding ... or was just too lazy to bother to check ... for all those years ...
Who knows if slush does check properly now?

I know for a fact that the other pool brought up earlier in this discussion doesn't check at all and probably never will since he probably has no idea about how to ... but he can't anyway coz he throws away all the data required to do the testing
... even though they are now 20PH and still calling for more miners ...

Thanks for that if anyone else wants to read it was around page 1072 I believe.

While it didn't explain everything, there was the mystery 10 PH, and the delay in reporting... so am I right in assuming this was an example of a malicious miner withholding blocks, and a pool not noticing.

I remember you saying it's "not hard to do" but is counter intuitive to most unless you were say a rival trying to sink a pool.

It was interesting seeing yourself and " he who must not be named" tossing around facts and how long it took people to get the hint.

... and just to put some figures into that
Blocks back then were 25 BTC
80% luck of 228 blocks means 228 is 0.8 of expected i.e. expected was 285 blocks.
i.e. expected was 57 blocks more or 1426 BTC more.
Of course you could allow them to assume some certain level of luck over 228 blocks that's below 100% ... but of course not 80%
If we let them assume 90% then the loss is of course half that, i.e. you get 713 BTC lost ...
I like to just say 250-500 - but it's very likely it's more than 500.