Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 764. (Read 5352367 times)

you kind of lost me here.
my only concern if that freaking variance did not decrease with the recent 2x pop in hashing, which is odd.

TL;DR luck was good for a few months, now it is bad for a few months. Average close to 100%.

I've been doing this since the beginning, and I've been in IT since steel chassis and vacuum tubes. Technically there is no "explanation" that holds; what is left is pure luck, and sometimes it can be as it is...crappy, frustrating, and certainly a positive influence on the bottom line at Maker's Mark...

It'll be OK.

Well, we're jaded because some of us have been doing this since Satoshi was a rice kernel in someone's eye...and we've been burned...someone else said it...we have to be suspicious. In that sense, it's no different from gold mining.

Anyway...I talked to the Reverend Mikey (what they called him in Australia, I heard from friends in Sydney) in my dreams last night (humor me, OK?) and he said he was going to crack a few blocks for us as he entered the Pearly Gates.

Mine on.

I just wish someone with good technical background could explain what is happening nowadays with Kano.

It seems all the other pools know something Kano doesn't.

peace

I have seen first hand that I make more in this pool per THs than any where else. I took me awhile to find Kano. I have since moved everything here. This is the first time I have seen this bad of luck.
I noticed that I have spent so much effort into buying miners the last year. Then all at once in the last few months it has got a lot easier to get them. Just saying.

There was time enough for 7 blocks and yet none.

TIME for a block!

Don't worry guys - I just pointed my S7 to the pool - its sure to find a block with that extra .001% boost 

For real...I know the mods do their best but it's hard to turn a tidal wave... Stay Classy, San Diego 

There is no doubt that far too much hashpower resides in China and with Bitmain.  I believe there is a documented "51% attack" that could be used to take over the network by someone with too much power.  Diversity of pools is very important.

However that doesn't seem to be going on here.  Somehow this pool just isn't getting blocks as often as one might expect.  It's not like blocks are being found and then orphaned; they just aren't being found.

M

I was looking at all the top pools, >50% of the btc network is either owned/invested in by Bitmain or physically located in China  (and/or both): I won't name them but just look at the top 5-6.

Theoretically speaking, couldn't they either benefit from broadcasting to each other what the next blocks are (either on purpose or just the sheer fact of being *physically located* in China) before those communications are received and processed by the other members of the network?
I am constantly seeing triples or quadruples of blocks found by the same pool or the same related 2-3 pools that it just seems to me this could be happening.

I don't know whether it's possible but with how money hungry Bitmain is I have no doubt that they'd do it in a heartbeat if they figured out *how*

Scammers are ALL OVER THE PLACE here.  Most of us, myself included, have been scammed somewhere along the way.  Even accounts that look "old" can be suspicious as they can be sold for a price, or possibly even compromised.

We have to be suspicious.

M

Okay then, my bad.  

In other news..

I wondered earlier last week when I started really engaging in this forum why all of the lasting members always seemed so jaded or sarcastic when posting replies to ppl. Now I know: everyone here is constantly bombarded with newbie accounts that either could be legit or could be fake... Most often turning out to be the latter.

Oh, and I was with slush before I came to kano and I have been logging activity on both for several months (when I started mining).  The competition is almost 800TH now which is insane.  It was around 250 a few months ago when I left to join Kano at around 80.  I needed around 5 blocks on the other to equal one on Kano.  That is around 4 to one now.  There have been times where other pool has had terrible times where they would get a block a day for a streak.  There are times where they will pull in  15 or more in a day, but Kano has done 5 at the 80TH range which is like 25 of the other.  So it seems that everything comes out in the wash if you look at the long term.  That is why I like the payout system that Kano offers since it rewards long term miners.

You are not right about my intentions, I meant what I wrote above. Then that's just me being a newbie.


I guess that's right, shouldn't have discussed anything in this forum that could be seen as scam.

Well we know someone with deep pockets has joined the pool in the last few weeks with rented hashes.   For now I'm splitting 50/50 with slush and kano and may move more over to slush. 

So I am still trying to figure out the whole mining process.  So when the pool starts processing a block, is it the same block until we (all the Kano miners) finish it?  I saw another post that makes it seem like we start a new block anytime the network finds one.  I suspect servers and databases start getting taxed at some level - probably way higher than 200TH though.  Since you restarted the system, does that grab a new block for us all to process or do you do that to restart the Nonce that we process?

Also, as I understand it, the seconds are passed into the sha256 algorithm.  Does the Kano.is network send the time as part of the work or is that generated by the miner?  It seems that having the second constantly changing with this level of difficulty may make things more unlucky.  How frequently is Kano resetting the Nonce's that gets distributed to the miners?  I am assuming that the Kano pool servers are such that the Nonce ranges are different for every miner on the network.  Does anyone know what kind of leway is allowed by the bitcoin network for the time that is passed in for a found block?  Is it possible to have our 200TH work on the same timestamp for a minute or two so that everything is not being reset every second?  With the difficulty being so high, I suspect that there are some things like this that may improve luck.  Obviously if the miner is sending the time into the algorithm, then it would need the "firmware" changed which is not a good option.

Anyway, some other thoughts.  So summarizing my biggest questions if anyone has the answers: 1) Is a new block issued when someone on the network finds a block? 2) Does Kano send the timestamp as part of the work or is it the miner? 3) How frequently is Kano resetting the Nonces? 4) If Kano is sending timestamps, how frequently are those changed?

Some more thoughts on the apparent unreal bad luck here.

- I don't know why Kano would do anything to sabotage the pool.  As someone pointed out not that long ago, do the math do see what a 0.9% fee means on a block when BTC is at current value.  One block a day works out to a _very_ nice day job.  (Imagine what the other pools are making!!!)

- A block withholding attack hurts the miner in question.  The only reason someone would do that is to tarnish the pool.  Only someone with deep pockets would (and could) do that.  That would point to other pools who are making ridiculous amounts in pool and transaction fees.

- It's unlikely there's a technical issue with the pool that's causing a problem.  Kano knows his stuff.

- While I don't know as much as Kano about mining, I know a good amount, and I don't see how it's technically feasible for other pools to "boost luck" in their favor.

M

There is a forum thread for the IOS app support...

https://bitcointalksearch.org/topic/ckpool-stats-iphone-app-1344360

Btw
On the iOS app the worker monitor is frozen since yesterday