Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 642. (Read 5352527 times)

100%

This is why the Kano Pool community is the best out there. 

https://bitcointalksearch.org/topic/m.26749493
https://bitcointalksearch.org/topic/m.26690636

When the pool is smaller, there are fewer blocks, but your block reward is higher.
Statistically, it's expected to balance out as long as we don't get too small.
[/quote]

ITS VERY COOL BY THIS POOL!

"...don't get too small" That is important. More marketing is needed. If the population gets too big the dry spells may get too long

I suggest a numbers example of PPLNS (5d) - Ive worked through many many posts and its crazy how often this needs to be explained. Even crazier is everyone keep on explaining it with little to no frustration / sarcasm showing.

Did you reply to the right person when you sent this?  I thought I clearly explained what was going on, in a clear concise manner.

M

That is what is keeping BCH around. BCH is at 2100 and falling. Man talk about a fire sale. I think bitcoin forgot its parachute when it left the plane. 

well, buttmain doesn't want $$$, they want btrash... incidentally, the only valid reason to ever have any btrash is to get their S9 miners...

I am not going to give Antpoo and Buttmain anymore $$$. They are nefarious at best. My next purchase will be Avalon A8's from Canaan. As many as I can get.

Come On Block!!

have 4 more s9's coming in Jan, to ad to my collection of 1.. and I ordered an extra PSU just in case one died.  Also have a L3 coming in march, but thats only becuase they ran out of S9's

Get the car battery out and make some cables, get those things running..  Think a car battery would not last very long though.

i'm in luxembourg... that's quite a way from alberta..... :p

same thing happened the last time i ordered 8 units... i should keep an extra supply of PSUs......

WTF!  Wanna Sell any?
if you close, I'm in Alberta.  I'll come pick them up..  cash?

i just picked up 10 S9s... -but no PSUs!! WHAT A TEASE! 

You can't factor in luck coz there's no possible way to EVER know it in advance.
The explanations are all based on expected luck - which is all you can ever do.
That's why it says 'expected'

I think why there is so many questions is because some wording on the payouts help page is not clear.  Terminology is new to most people, like 5nD.

If someone told me that 5nd is 5 times the difficulty level currently, and that represents the number of shares that are used to calculate the payout, and explained that the 5nd as being a "moving window" where as you get paid on your percentage of the contributions you made to the pool during that number of shares ( NOT TIME nor BLOCKS)   So, of the 9,365,527,376,108 shares submitted before our block was found, you gave X percent, in my case on the first block I had .03% but I also was not contributing during the full 9,365,527,376,108 shares prior to the block.  When the second block is found, I will have a higher percentage of that 9,365,527,376,108 shares and the payout will be higher, and so on with the 3rd and 4th and 5th blocks.

The confusion for me and I seen for many others is that they expected whatever the first payout was to be paid 5 times, ie one time per the 5 blocks found, Which is not true.  The payout gets bigger becuase a higher percentage of shares has been submitted ( Assuming you contiunue to mine 24/7 on the pool without leaving)


Explaining that Network Difficulty works out to about 3.3 days, and x 5 = 16.5 days and this is approx. how long it will take to be paid the full amount for the first block of the 5 blocks - again this is without factoring in luck, difficulty level changes etc.

I may have butchered some of that, but hopefully it makes sense

** Note to new users, this is set up this way so that people do not pool hop, and show commitment, and that the fee is less than anywhere else, so you do actually end up getting paid more.
A good example is the current transaction fees paid per block now are upwards of 10 BTC, at Kano, that is awarded to the miners, where many other large pools keep that extra as a bonus for their engineers.  Is that fair?  10x17000usd = 170 000usd per found block, and how many in a day?  Why do you want to be the one helping that other pool rip you off?  If your answer is that they pay you every day and you THINK you are making more, then don't actually let me know why.  I have heard that excuse many times.  

Keep this in mind -  If a site/pool looks good on the front end then the back end is not so nice.  If the front end is ok, and gets the job done, the back end is probably better than the other guy.
3 good examples.  Nice hash - user interface nice, graphs etc. easy to work.  -  backend, not so good, got hacked, 4700 BTC Stolen
                           Antpool - Nice front end, graphs, organized, some analytical data etc.  Backend - Engineers getting crazy bonuses for your work - I will bet that they do not get all of that either.
                           Zpool - I was here right after nicehash got hacked. was good data on front end, somewhat easy to use once you understood the layout. they were at 3 PH/s for SHA, climed to 11.2 PH/s after nice hash went dead.  I had 1 S9 there for 2 days, total pay was .0010. During that time their sql server could not handle the load, was falling behind.  Owner got new server, set it all up, earned BTC was not accounted for correctly, people started to leave, they are back to around 3 PH/s again.   To gain so many new users with no effort, and only to lose them so fast.. what a shame.  He gets to keep my .0010 BTC because I will never mine there at all.

How about being patient and teaching the New Ones who show up on the board better. Kano from what I can perceive so far is very patient considering he has answered the same question 50 times, and I have only been here about 3 weeks. Others responding to Newbies have not been as patient. This is all very new for the vast majority of the people who try the Pool and mine here. A little but of patience is in order. Honestly, I almost left after how I saw some others responded to on this board, but then someone would step in and actually help the person out and I stayed. Mine On with Kano-San. Come On Block!!

https://bitcointalksearch.org/topic/m.26749493
https://bitcointalksearch.org/topic/m.26690636

When the pool is smaller, there are fewer blocks, but your block reward is higher.
Statistically, it's expected to balance out as long as we don't get too small.

The last block was a long one.

The payout from that block is sitting out there in bitcoin land waiting to be confirmed.

No one else will confirm it because of the low tx fee.

Odds are we won't get the payout until the next block is found here.

Pray for more hashpower here to reduce variance.  Actively recruit other miners.

M

A little patience, yeeeeeeeeah, just need a little patience, yeeeeeeeeeeeeah. Come on Block!! A freshly sliced warm Turkey Sammich was sacrificed for the good of the order. MINE ON WITH KANO-SAN.

Read the thread.  Everything is working as normal, smaller pool just hasn't cracked the block yet.  We'll get it. 

Nothing is "going on", situation normal.
Mine on! 

I am a faithful Kano Pool Miner and running in full node system. I have always received consistent rewards for mining.  The longest wait for transactions or deposits to my bitcoin core wallet has been 1-2 and one time 5 days.  I am concerned because I have my miners working hard, sucking up the power grid. They are mining and shares are earned but I have not received any reward or share deposits/transactions in over 10 days now. My last transaction was 12-10-17. I am starting to think something is wrong and contemplating going to another pool. Please help. What is going on?