Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 476. (Read 5352527 times)

Sometimes when something doesn't make sense it could be because you don't understand what is going on. Take 5 minutes and calm down. You really think that Kano would have the reputation it did if what you state is true? You know better.

Goto the Account > Rewards page to see how much you get.

You can also total all the rows in the shifts page, but that could change if we get another block, since those shares would be paid again.

With 90 th/s, fully ramped up, you'd of got around .024 BTC or maybe a little less.

and all that makes sense if I only had 1 s9. I have average 90th/s and all i got was 0.00086 for 10 days? Wtf?

edit: does nobody see why I'm pissed? This is literally a waste of time on kano if this is all im going to get. Seriously, wtf. Thats why I am asking because this doesn't seem right. What am i not understanding?

Really need a facepalm emoji.

You're misunderstanding what the number is on the shifts page.

If you scroll to the bottom, you see it says:

So your reward is NOT .086 BTC. It is .0000000086 BTC per 1000 diff share. If you had 1000 shares in that shift, thats 0.0000086 BTC for that shift. If you had 100,000 shares, it is 0.00086 BTC, etc.



 

On the shift page, latest block rewarded is 0.08655 satoshis per 1000diff share.

So the calculation is:

You've been mining for ~10 days, your single S9 is up to 73.5% of the ramp (10/13.5)
This means your average hash rate over 5Nd is 9.9 TH/sec
Reward rate is 0.08655 so 9.9 / reward rate of 0.08655 = 0.0085898

My numbers used to calculate:

Your reward:

0.0085898 BTC = 858,980 Satoshi
858,980 Satoshi /  0.08655 satoshi reward per 1000 diff = 9.924667822 TH
9.92 / 13.5 = 73.5% of maximum hash rate of 1 S9
73.5% * 13.5 days = 9.924 days of mining on Kano.

Important: On all pools, you only get paid when a block is found.

DELETED cuz smarter people than me answered *correctly* below

I understand this already but my point is being missed. When looking at the shifts, the reward stated was about 0.086. When looking at the payment section, the reward was 10% this amount. I had mined for about 10 days. I hadn't mined since the start of the block but that should be irrelevant because the payout method doesn't base anything on time but rather shares submitted. Has my reward gone missing? Why is there a major difference in the stated reward and the actual payout. Am i not understanding something here? Can someone please actually just explain it instead of telling to the read links that I have already read or copy and pasting something from kanos site?

From what i understand, I had been mining for about 10 days when the block was found but if its a ramp, shouldn't the yield but proportional to the time spent on the ramp. I received 10% of my shares. Does this mean kano stole 90% of my hashing power's yield? 0.08 btc is not an insignificant amount and this is 10 days of mining that i could have been getting paid elsewhere to do. Also, although it has a ramp down, there is no point in that because if you leave the pool, why would you earn anything if you didn't hash anything. This concept on the surface only seems to be a deterrent for people to bounce back and forth between pools but is ultimately just a costly deterrent for the typical user. A lot can be earned in 13 days and I spend a lot on electricity so this ultimately cost me a lot of my profitability because now, a good portion of time must be spent to make up for the lost resources in the days past that were spent on not earning anything while wasting electricity.

Payment per block is paid according to the number of shares you've sent to the pool over 5x the current difficulty.

At current pool hash rate and network difficulty, this works out to all the shares you've submitted over the past 13.5 days.

The reward you get is then (Your Shares) / (Total Shares submitted to pool over 5Nd) * (Block Reward + tx fees) - 0.9% Pool fee.

So, if you pool hop during the 5Nd period, you're submitting fewer shares to the pool compared to people who didn't at the same hash rate.

Edit: This is aimed at reducing pool variance by discouraging pool hopping.

In order to encourage the next block to come quickly, I have sacrificed a few tribbles.

Lots and lots of transactions.   It'll happen again if BTC gets back above 12-14k

I wasn't sure by what it meant ramp up. So essentially pay is held until this time frame has passed?

Whats the point of a ramp up period? It says to reduce variance but how does it accomplish that?

What causes the "juicy" mode of fees?  How can we get back to that?

I seriously doubt you have been thwarted.

Did you read - https://kano.is/index.php?k=payout

There is a 13 day +/- ramp up on this pool (also works to your advantage when you leave as it's 13 day +/- ramp down

How many days had you been on the pool when we found that block, if it was less than 13, then you got some percentage less than 100% because you hadn't completely the ramp up

Although I'm grateful that you decided to use My signature (which has been updated), I think you have missed the point. The
general idea is to get people more involved in smaller pools to help the pool grow, not the pools getting more people
involved by using promotional gimmicks. That's something the corporate pools would do, and part of the overall problem
with corporate pools. If, Kano were to shorten the "ramp" time it would be easier for "hoppers" to come in easier, and leave
just as quickly, with a payout. Some of the things new miners dislike about this pool, and other smaller non-corporate pools,
are actually helpful in the long run, and that's where it counts--years, not days.

The promoting of this pool, and other smaller non-corporate pools needs to be done by us, the members of the pools. The
guy's who are running the pools, like Kano, have their schedules very full keeping the pool running, and making sure things
are up to date-- by the minute. I'm sure that's not very stressful for a corporate pool with a "team" who get a salary from
the skimming they take. The little bit of fee's that we pay on a small pool, are hardly a huge salary to a guy who is neck
deep in work 24/7, and covering costs to run their services. So, the least WE could do is help promote for them, and get
more people to come join, and share their experience and hashing power.

The last block here was a major SOB for everyone, and had to happen during the recent price drop, of course. It has been
very discouraging, probably even for the most veteran members. But, if you look, you'll see that under these circumstances,
people here were still being helpful with each other, albeit the complaints about not finding a block sooner. These things
will happen while mining, and is the nature of the beast, BUT, having to do it alone or without support is by far worse.
It is here, in a non-corporate pool you will find answers to ease some grief, and share the burden with others in your shoes.

So, if WE want to make this next block easier, and get more hashing power from New members, WE need to stick together,
and keep the community growing. WE can do this by promoting, and educating new miners. If you build it, they will come.......

You mention that its uncommon to have unpaid shifts but looking at my shift reward, it says 0.08655 and going into my payments after the block matured, i received 10% of what was rewarded at 0.0085898. I am also not even sure if that was the shift that was paid. In my payments, that amount appeared before the block matured but payment was only sent out after the block matured however the reward information tells me that I only had about 40% my actual hashing. Someone please tell what to do. I have been thwarted.

Because individuals like him are attempting to get a rise out of others. No one else cares what he has to say so he has to keep coming here to get his fix.

I am also new to KanoPool

I have read through a couple of pages and would like to say thank you to Kano and the community.
I have had no issues with anyone here and you have provided me with great support. Even when I am asking noob questions. I have received no hostility and only clear answers. I believe I am at the best place to be. I truly belief that the motivation and knowledge here is extremely high and that in the future I will learn a lot more than I have already (which for me is already a lot).

So yeah im here to stay and just wanted to express another view from a new noob.

Thanks again…… and Mine On!!!

Well if you've made some random decision that "50PHs and growing", is a spiralling death pool, why aren't you warning every other pool here (except slush) that is a lot smaller than 50PH, that they are already dead?

We crashed after the October bad luck.
Looking at each month since December, we've grown.