Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 756. (Read 5352367 times)

There was a pool exactly like this, called triplemining
It ceased operating 2 or 3 years back

I loved the pool and did well from it, sadly it became
to small and insignificant, but it died brightly, we found
2 blocks in quick succession at the end, a couple of s3's
earnt me nearly 2btc for that last week, those were the
days

Well the main problem is that you have no control at all over when you find a block.
Some miners will never find blocks, some less than their expected share of blocks, while others will find more than their expected share.
It's random.

I see no reason why you should reward some miners more than they should get, because their miner randomly found more blocks than they are expected to find.
You can't make a single miner find more blocks. It's completely out of your control.
If someone is deluded and believes they are lucky and will find more blocks, then good on them - see you later, go mine somewhere else

The payout here pays each miner equally fairly based on the work they do.
Seems like a good idea to me, though those with gambling addictions may not agree

Basically a 'block finder reward' is a way to attract gambling addicts, who think they can make more than they are expected to make, than everyone else on the pool, if "their miner is lucky"
The net result is to attract some small miners who hope to take away rewards from larger miners, rather than get rewarded what they should get.
I'm not interested in attracting such people
Last thing I want to do is scare off larger miners.
Long term it simply increases variance, but short term it gives people a possibility or getting lucky then doing a runner
They can go do that on that other pool that uses that ridiculous luck based reward system.

and a good morning it is!!
mine on!!!
and a great day !!!!

Yes, I figured that the idea must have been explored before. From the perspective of the pool operator, i.e. you, it should make not much of a difference, in terms of earnings.

True, the 'jackpot feature' would attract users on one hand, but also, on the other hand, tons of speculation and hopping in and out... didn't think of that.

No.

All it does is increase variance.

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

There are still some S9v1s on the pool but obviously no where near as many as before.
But yes, the S9v1 stats still have a CDF[Erl] over 0.99
In the last 3 months (27-Jul to 26-Oct) they've submitted just over 8 Blocks worth of shares but only found 5 blocks.
Yep they continue to suck, but the luck in general over the last 3 months has been below expected for all miners as you can see in the monthly table.

Kano; just a thought, could the problem have been a batch 1 S9?   These were an issue last year.

Kano - Appreciate all the work you do, AND most importantly, the transparency!!   That is why I stay here.

As I said ...
I'll be cautious of assuming everything is ok until we have a good run of about a dozen blocks, and no ridiculously bad blocks in that run.
Of course also, as long as I find no evidence of a problem in any of the checks I'm doing.
We'll see ...

we are better without rental AND with the modification made in the code by Kano.

Kano you ARE the man!

good LUCK to all

Well that was a Mutsumi shift, and I'll continue with the pics of the anime characters as things are going OK

AND a new block!
It looks like we are better without rental 

Block! by cobramining

That is just wild...  Now if we found THREE BLOCKS 8 seconds apart... I'd have to start worshipping your anime goddesses at that point lol

The changes are nothing to do with bitcoind. My explanation made that clear.

Until we have a run of a dozen or so blocks without ridiculous bad luck, I don't consider the problem solved.
I'll also be getting access to more data to analyse soon to decide if there are problems in the code before I changed it.
As I said before, I'm looking into this in as many ways as possible, to verify if there is a reason, under our control, that caused it.

Hello Mr Kano, are these two block the result of luck or the consequence of your last software upgrading?

have you thought about publishing the node's software changelog?

Our record I think is 3 seconds between 2 blocks we found.

Edit: nope looks like it's 8 seconds.
Block 463196 and Block 463197 were 8 seconds apart.

Quiet here
Block by schmokeandapancake
... and the anime shift was Ichiko ... hmmm is there a pattern here

Awesome! Finally the blocks are coming...

In other news -- Can someone tell me how this is possible?

• 491,802 is found by Shitfury   at 2017-10-25 23:52:04
• 491,803 is found by BTC.FLOP at 2017-10-25 23:52:05

And a couple blocks before that 2 separate blocks were "found" by FUPool ~27 seconds apart...  It really feels like btc network manipulation or maybe their PH/s or EH/s are too high for the current difficulty to be effective against them?

Would appreciate anyone's thoughts on the matter...