Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 28. (Read 5352633 times)

right? would be awesome if i found my first one while the bonus is in play.

That reminds me...I need to beat my miners to spur them on.  I need to get me a piece of that bonus pie!

... and what was the "ramp" then?

If you check history on your "Rewards", you can see what it was.
"N Range"

However, in 2017 April to October the ramp was mostly ... around 3 days or less.

The problem with us getting so small in the past year, is the "ramp" has gotten out of control - almost 200 days.
It seems often I hear the obvious that people don't want to join a pool where their reward will be paid out slowly over the next 100-200 days.

Setting it to 3 Days solves that problem permanently.

--

Anyway, for anyone else who's unhappy about it ... ... ... coz they left the pool ... ... ... point your miners here and in 3 days you'll be back where you were before.

--

Edit: I told everyone in Discord about it on 1-Jan-2020 ... and a lively discussion ensued
There has been a lot of discourse on it since then.

And ... REMINDER that everyone who finds a block (for the next 18 before the halving) gets a bonus 0.1 BTC

The real benefit is it could help the pool get back to a size that is relevant to today's mining environment.  There have been several larger miners that wanted to mine here but could not wait for the long ramp-up period.  The fixed time, 3-day ramp would make it easier for those miners to justify taking advantage of the low pool fees (plus txns) here on KanoPool.  Getting the pool size back up is a benefit to all of us.

Exactly.  3 day ramp is so much better for everyone all the way around. 

It really only affects users who left with all or part of their hashrate in the last few months. If you weren't paying attention that this was coming and were so inclined to move all or some of your hashrate back before the switch you lost shares, if a block is found in the timeframe that you would have still received a payout
Moving forward you can re-evaluate and decide if you want to come back - 3 days and you are fully ramped up. This is beneficial to any small miner who couldn't fathom waiting 60 days or whatever it was for the full 5ND ramp up.
It does suck for people who ramped up fully under the steady reminder that you would receive a 5ND rampdown period. Like any service though it's at the discretion of the service provider.

You may want to re-read what kano did again. 

Thanks for the non-"evil empire" option Kano. I couldn't move before with the long ramp-up and halving coming up, but now that that's not an issue, I'm in.

And if you had stayed your next payout could have been higher than you expected.  It's all about choices.

Hello,
if with the new ramp I just lost months of gains.
I disconnected my miners (profitability) with the old calculation my ramp should have gone down slowly to 0 for several weeks) or it just went to 0.
it's not cool

If you are still mining, you haven't lost anything.
Most long term miners will find that the reward on the next block will be higher than the last one
assuming the pool hash rate is the same.

Thanks Kano!  The long 'ramp up' time seems to have been a big hang up for miners that were considering joining the KanoPool.  The 3 day N should make it much easier to get to full TH.

So all us long term miners just lost MONTHS of shares?? I recall you said you'd never do this. 

I've done an update to KDB and put it live (already)

With this update, I've changed the pool's N in PPLNS to 3 Days rather than 5Nd as it was before.

So, the next block we find, it will ONLY reward all shares in the 3 Days prior to the block.

For new miners or miners considering joining, this means that it will take 3 days for your shares to 'ramp up' to full reward
as opposed to the 5Nd value that was around 148 days on the last block we found.

This also means that if you leave the pool i.e. no longer mining, after 3 days your shares will have 'ramped down'.

Applying the two above if you have an outage, after 3 days you will have 'ramped down' but also you can then 'ramp back up' within 3 days after you reconnect your miners.

The 'expected' result is still the same as before, however, since the pool is currently small, and the average block time is quite a bit more than 3 days, the variance, due to this change, of your rewards while 'ramping up' or 'ramping down' is much higher.
What this basically means is: that during that 'ramp' (up or down) the expected chance of a reward is 1 in X/3 where X is the average expected days per block based on the current pool hash rate - which is currently about 5 weeks.

Hopefully this will attact more miners, and help us get that average block time much more regular!

Come visit Discord with the link on the Home Page if you have any questions.

ahh that could explain why some would have larger amounts than others.

There were a few folks over the years that forgot to put in a wallet address when they started their new KanoPool account.  This was in spite of the big red letter warning on the top of each page they saw each time they logged into their account.  All of the payouts they got while having no payout address went into their dust account no matter how large it was if I remember correctly.

I was more leaning towards those who earn a few dust payments while ramping up. but yes if you were consistently under the dust level even at full ramp, I can see the dust adding up to quite a bit.

I do not think many are in your boat but I could be wrong. I am wrong quite often

either way, that .3 BTC will be nice to have for you - congrats!

Firstly, yep the accounting is live and working fine.

As mentioned a couple of times, the Rewards page is the same data as before, but for a rare few also includes some 'adjustments' at the bottom
e.g. bonuses

The Payments page lists all the bitcoin payments you have received from the pool, in the blockchain.
It includes the transaction number and the vout number in the transaction, (and the address of course) that you received your payment.
So a full 100% proof of payment.
There's also a CSV download link at the top right of the Payments page (something I mentioned I'd add years ago )

What anyone is owed, is the total Rewards+Adjustments - Payments.
It will go to your current address.
You can now also set your payout address to be a bc1 address.

As for the next block payout after we find the next block, it will be divided into 3 transactions.
The 3 transactions will be everyone who is above dust in the block payout:

1) The usual block payout for anyone who doesn't have any owed dust
2) A 2nd separate transaction that is combined for anyone left out of 1) coz they are owed dust - it will be the combination of the block reward+owed dust
3) I have to make a separate 3rd transaction for a (very) few who have both account and address mining in case 2) above.

Those who aren't mining, or only have a few GH/s on the pool and are mining dust, will get their outstanding dust some time after the above.

This is most awesome news that the accounting software is done and nearly ready
to be switched on...thanks Kano

Stryfe said
I know this is a long time in coming but ultimately this ends up being just a few
cents to maybe a couple of dollars. I do not think anyone has a substantial amount of unpaid "dust"

Well, I have over .3btc in "dust" as I erroneously mined here for over a month
nearly 2 and a half years ago

I have kept mining here ever since then, even though most of the last year it was
costing me more to run my s9's and t9's than I was earning from them after
paying hosting fees in Iowa

When I get it I will probably update the old s9's and t9's to a few s17, but will have to send
them further north to avoid the trump tax in Iowa, BTW is there any demand for a few old s9/t9
units in Bettendorp, s9's running two boards t9's appear all good...all early models

cheers