Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 35. (Read 5352633 times)

I added some comments in red

I've read through this thread several times now...and I really want to join Kano. Unfortunately, I need to pay bills regularly  

I do have some ideas for the pool's growth though:

1. Focus on the smaller guys! (specifically S9 owners)
2. Explain PPLNS payout & Ramps using 1x S9's hashrate as an example - show graphs/time needed etc.
3. Maybe half the ramp to 2.5Nd? Waiting +-3months for full payout is brutal)
4. Cancel the large miner's BTC reward (not really working + the big fish seem to leave after getting the reward anyway)
5. Use the saved coins to payout all dust bunnies asap & in future (see point 1)
6. Use the saved coins to also hire a website designer (Kano.is seriously needs some love)
7. Lower fees to 0.5% (can be raised again when the pool is larger & regularly finding blocks)...people obviously aren't willing to jump ship for 1.1% saving vs Slush

Kind regards,
Cjs

Thank you Kano but it seems I did not save ALL of them. I had quite a few and if I lose and have to make new only 4, 2 of which I did not really plan to use anyways, then I got lucky. I am for sure making damn sure I have all of them saved this time...

If you saved the 2FA Secret Key then you can manually enter the 2FA into the app with that key,
and the settings as stated "Kano: totp SHA256 30s"


The web page says to save your 2FA Secret Key


When you setup 2FA is says:

and

My phone was smashed beyond belief today - the screen was not operable, I tried to open the app but the screen would not respond to touch and even though I did a full back up to iTunes after it was smashed and restored it to a new phone - the one thing lost is all my 2fa....

I luckily have been logged into several of the sites with an auto refresh set to keep me logged in and while some pools allow me to reset the 2fa with a text verification - others do not. I have pulled my miners off of kano.is for the time being until I get it sorted. My payment address will not change so anything mined, I know I will get but I cannot affect any changes to my kano.is account so I will most likely need to create a new account which sucks as i was about 70% ramped up. All I can hope for is that we find a few blocks before I fully ramp down.

So far my affected accounts which I have no way to disable 2fa are:

1. Kano.is - I am currently logged in but cannot disable the 2fa so if my pc dies or reboots I will be locked out of my account
2. bitmain (which wont matter unless they give me coupons I wont be able to use as I can always create another account for future orders)
3. minergate (used periodically with my gpu rigs but luckily all my balances are zero or very close to zero)
4. slushpool (says I can submit a signed transaction from my wallet - but I have not mined on slush for 7 months so not too worried there)

maybe a few others that I am forgetting off the top of my head. the store used iTunes to erase and reset the phone... if I get the phone back, and have the screen repaired, is it possible to reinstall the app and since it is the same phone my 2fa's would be accessible?

as the hash rate changes so does the expected block count - for July we had 1 block but that payout was worth nearly a month of mining pps on other pools - you should look at the stats page, it shows how many blocks are found each month and shows what the avg pool hash rate was for that month as well.

by checkout, I assume you mean payout - if so, Kano answered that: it is at every block found, provided that the payout is higher than .00010000. There are no payouts until a block is found. the payouts will be low until you fully ramp up but then they average more than any of the other pools simply because Kano  charges a lower fee.

on BTC.com you are getting frequent payouts because it is a large pool - but you get smaller payouts as well and you pay a higher fee.

Rewards are (of course) each block.
Payouts are each block you earn over dust (0.0001 BTC)
The dust (below 0.0001 BTC) gathers until ... some time in the future.

A small PPLNS pool (like we currently are) has high variance.

A PPLNS pool rewards based on ALL the income of the pool.
Here it's 99.1% of the income - i.e. pool fee is 0.9%

A PPS pool rewards based on ... whatever they decide ... but if they aren't charging you 3% or more in fees, then they have a risk of going broke.

Exactly right....come on back over 16V!

No complaints!

In theory the luck should be the same for all over time. The difference comes down to % of the total reward shared - fees. One thing I have noticed if I'm not wrong is that we are on the cusp of becoming a pool that doesn't expect a block every retarget period. I think right now we expect 1 every ~16 days. Given we have some transient hashrate we seem to swing above and below that right now, hopefully we can attract some more permanent hash.

That’s interesting!  When the luck was low even in the big pools it has been around 70% until around the 20th.  Then it has jumped to about 130% and that’s when you hit a block here!  Like the luck is same for all! 

Definitely still ramping up. It shows 3.26THs and my hardware is ~30THs.


This is great info. I'm starting to understand it more and more now. I appreciate the help, everyone.

... and the "Workers->Shift Graph" shows how far you've gone so far.

The green area/red line is 5Nd
Your blue hash rate line, from the right shows how far along that is getting back to the 5Nd on the left.
(time forward travels from left to right)

The Red line is close to what hash rate you'll be rewarded at if we found a block now.

Each new shift adds on the right, and an old shift falls off the left.
If that amount added is greater than the amount that drops off the left, your red line will move up.
Obviously if you are zero on the left, it will keep moving up until your green area is full.

look at your rewards page - it will tell you at what hash rate you were rewarded - second to last column on right - if that is less than your actual hashing rate, then you are still ramping up.

This was my first time getting a payout on Kano and it was substantially less than I thought it would be.. but obviously I didn't fully understand the payout system fully and these explanations are appreciated. If it's only 1/5 of what I hashed, then I'll be good.

@Upstream, to expand on that here is a link that offers a little more explanation of how 5Nd works that shows how you are not going to lose anything for the shares your machines produced. You will get paid for those shares over the next 5Nd along with any new shares your machines earn.  This is also true even if you decide not to stay but we hope you do stay

https://bitcointalksearch.org/topic/m.31961789

Considering they found the block I'd say that's quite a realization already!

just realize you wont realize full payment potential until you are fully ramped up.

What an honor! Literally just switched to this pool to test out a new proxy... guess we'll be staying for a while!!