Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 669. (Read 5352367 times)

Hello, "ramping up" means how long it takes to reach full payout for blocks.  The length of the period is determined by the current block difficulty and pool hashrate.  Right now I'm pretty sure the period is pretty long --- someone else here can opine on that.

"ramping up" has its upsides and downside.  

The obvious downside is how long it takes to reach full payout.

The upsides are, if you have a power outage, or have to power off your equipment, you'll still get paid if a block is found during that period.  Obviously it won't be full 100%, but it'll be pretty close.

Another upside is, if/when you decide to leave the pool, you "ramp down", such that any blocks found during that period you still get paid for, based on how far through the "ramp down" you are.

Every legit pool has this type of thing, usually implemented in slightly different forms.  The net result is the same, and it's largely to dissuade "pool hoppers" from taking advantage of the pool.  In other words, someone can't join the pool at the tail end end of a 5 day block, for an hour, and get paid the same as someone who's been mining there the full 5 days.

One upside to this pool is that, in the long run, you will probably get paid better.  The flipside is, because it's a small pool, there will be times when payouts are scarce because of variance.  For example, right now it's been almost 5 days since a block was found.

One downside to the pool is you can't configure a payout threshold.  Since transaction fees are high, and it's based on the number of transactions you are paying from, that can be painful and expensive to pay.

One upside is the pool op, Kano, is 100% transparent about what's going on.  To the point that he'll make your eyes glaze over with details about why something is the way it is.

M

I have never mined elsewhere. What would you recommend? My setup looks similar to the above.

Well you just need one at the bottom of the list pointing somewhere else, for the very rare occasion when this happens.
In reality it's never more than a few minutes outage when I restart the backend - but if you want to have the miner always going even when this happens, then yeah you need another pool at the bottom of the list in your miner web page.

Since it's always quite a short outage, your best bet would be to use a PPS pool as your final failover.
This way you get rewarded for all shares you submit, even if it is lower than you'd expect at a non-PPS pool, and since it is very short, your guaranteed to still be rewarded for that short period of time.

A backup pool is ofcourse another trusted pool where your miners can jump on when kano's pool is down.
History shows that this does not happen much for long periods.
So seek a good pool as a second one and add that as the reserve one.
I allways have a 3th backup as well, but it happened only once that both the main pools went down in 8 years time

Because of the insane high difficulty by the ever growing total miners you will see a matching low return from your miners.
If you look all over the sales sites for second hand stuff you will find alot of s9 miners being sold.
In my country i see hundreds of ads from people selling the s9 miners for prices that do not even reflect normality.
If people buy those insane high priced miners they will for sure get fooled and end up never get their money back they put into them.
Only the ones who saved many bitcoin in the paste are the ones getting filthy rich.
So do not count becoming a millionair anytime soon.

What backup pools do people recommend?

I suppose this doesn't make much sense, does it?

stratum+tcp://stratum.kano.is:3333
stratum+tcp://stratum.kano.is:443
stratum+tcp://stratum.kano.is:8080

I had to force a restart of the backend pool.
Everyone will have failed over to their backup pool at 03:18 UTC

Pool is back up and working OK, hash rate heading back up to where it was before the restart.
Mine on

What just happened? My fans powered down for like 20 seconds or something but power is good, everything stayed up and connected - no sign of any issue. Did something change on the pool? Time coincides with the last block on the network, I've never seen that before. Interesting. oh ok a restart

Hi All,

I am a beginner miner, and have been mining with x4 S9's for 3 weeks. I started using NiceHash and ViaBTC because of ease of use, me being a noob and all. I really didn't know any better and just wanted to get up and running. After Nicehash fell last week, I turned strictly to ViaBTC for BCH and BTC mining. However, now being into the game a little more, I am starting to question if ViaBTC is really the best place to be mining long-term.

Anyway, I had heard many good things about Kano Pool before I had even gotten my miners, and was thinking of joining here first. However, then I heard about 'ramping-up' and got a little gun-shy to be honest. I still have no idea what this means.

I am seriously considering joining this pool, but would like a little more information to make my decision. I understand that there may be biased responses from active members of the pool, but I would appreciate neutral comparisons to other pools, as well as legitimate reasons as to why Kano Pool is where I should (or should not be) mining.

Thank you for taking the time to read this, as well as thanks for your response(s) in advance.

how the heck, I ordered for the December 11-20th batch back in October and it still hasn't shipped. *sends angry email to Bitmain*

I wonder if that was the miner I added a few hours ago... lol. She is purring.

Hurray, looks like the pool passed the 30PH/s mark.

M

someone just ejected the rocket in their gold plated escape pod.

I am witnessing a 1200 BTC Block of shares being sold on GDAX at $17,250. WOW!! $20+ Million dollars.

Amen to that

And THAT'S why so many of us kanopool faithful mine here with no thoughts of leaving. You are our sensei, kanosan. 
Mine on! 

Difficulty has 2 ways to look at it.

The Network Difficulty value increases as it gets harder to find a block.
However, that is to simplify what it really is, and make it easier for people to understand it.

A block hash (498508) looks like this:
0000 0000 0000 0000 001c711eaa8898f83d737d5941a1c13a3bc0822a84906f0e
The required difficulty is 0x1800b0ed = 1,590,896,927,258.1 = 1.59*10^12

Out first ever block (325306) looks like this:
0000 0000 0000 0000 0c061098cb88b86cd48b9e7a6644c4ec26af471dcc779be4
It has fewer zeros, thus it is a larger number
The network difficulty was 0x181f6973 = 3,500,2482,026.1 = 3.50*10^9
A much smaller number, yet the block hash is a larger number.

So what all this means is, if you return a share with a difficulty that isn't good enough, it's actually "High" not "Low"
So under "Invalids" it says "Hi" - these are shares that should not have been sent since they didn't meet the difficulty requirements.
Although their difficulty 'number' was below the difficulty required by the pool, their difficulty value was "High".
e.g. if the pool says to send share with difficulty 8192 but you send lots of shares with difficulty 512, they will of course be rejected, but in the stats, listed under "Hi"

Thank you

Pool Hash Rate has no expected effect on Luck.

I'm about to get in line for star wars, but I've told the miners that they better find some blocks by the time the movie is done, or else!