Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 93. (Read 5352527 times)

Thanks to some timely advice by many here and on Discord (my thanks to all) I am finally above the dust level. I had been mining on and off with mostly USB miners and for a while with an S3 and then an S5. Out of 181 rewards since last September, I have about 350,000 satoshi in dust payments sitting on the pool. I don't think I ever posted about it, as I see Bitcoin as a long term investment. But I did hop to a few other pools until I figured out how this thing worked. I avoided the Chinese pools, but went for the one with the glitzy interface and the (smaaaall) daily payments, even though I had to set the threshhold high and then manually trigger one.

So I am happy now to relate that with the collapse of BitMain miner prices, I got an S9 from E-Bay for $399 and have been running it each night. Now at twenty cents a kWh, I am only powering one hash board and turn it off each morning, but it still is enough to get over the dust limit for the last dozen blocks. During the day, I run my little USB miners pointed at Kano, to keep my hash rate from dropping to absolute zero. Maybe I will eventually go to co-location, if I can find a site that is not shutting down due to cost over runs.

So, as far as I am concerned, Kano should take as much time as it takes to do a complete and thorough job on the accounting code, including thorough testing cycles. After all, I would hate for him to overpay me on my dust, and then I would have to send him some of it back.     

agreed and that is why I moved on after it was explained to me, some people are going on about it for years though it seems lol - I only have one dust payment held so not an issue to me, will be nice to get it eventually but in the big picture scheme of things, it isn't worth much.

The dust policy was never a secret here on the Kano pool.  Dust payouts would never get confirmed if they had been paid because of the small size so it was never an option.  If folks were serious about BTC mining they could have easily picked up an older miner for next to nothing to get above the dust level so it would have only been a couple of dust payments along the way.  Kano is working to update the accounting piece of the pool; again not a secret.  It will be done when it's done.

I see all this back and forth about dust - I know I even asked about it at the start - but after it was explained - I moved on.

are there people with low hash rates that have large volume of dust payments being held that end up amounting to quite a bit and they are frustrated because had they gotten it when earned that it would have been worth more at the time BTC hit 20k range? Provided they had actually held on to it at that time? I mean each dust payment alone would not be worth much but if someone had maybe 50 of them?

Looks like you will be finding a new pool to mine on.   

On Wed, 02/08/2017, you wrote:
Hi zhd,
Done, the payout for the new block 478648 will be sent out.
Just a reminder, as I wrote at the start of the post on the forum,
"However, the held payouts will sit in your dust fund until I do the dust
processing code, some time in the future, in a galaxy far far away."
This should be done before the end of the year -
but don't hold your breath.
-Cheers
-Kano
I appreciate your hard work.
But don't you think it is about time to finish the code?
Thank you

ok, I saw that one on the blocks page - just was not sure how far back the site went history wise vs how long the pool has been around.


yea, I saw the one that was 327% which also matches the one bullnw mentioned.  I also see that we had one for 379% in July.

Well, I hope we do not break that record lol

Yep it's with your dust rewards - still on the web site, no rewards have disappeared, but still awaiting me to complete the accounting changes.

Time isn't really much of a measurement of a block since it isn't a factor in determining how well you are rewarded.
I depends on the always changing pool hash rate.

Difficulty is what matters.

e.g. the 928.788% block last October lasted 3 days, 15 hours and 32 minutes
the 303.012% at the start of March lasted 4 days, and 1 hour

... the 303% one is way more preferable

That would be the longest at the current hashrate. A better comparison would be the highest percentage block... can't find the details on mobile right now. I think it was like 900% and was a little over 2 weeks or something but that's just what I can remember

---

Give back??? Did he take one from you somehow?? Guessing it's just poorly worded.

Can't say I know of any held payment, that is to say unless you mean being below dust... if so that's been addressed and will be paid out when the new accounting software is finished.

checked on my rewards mining - its around 7 days...8 sept to 14 sept 2018.

Hello Kano,
Are going to give back the held payout?
Thanks

out of curiosity what is the longest the pool has gone between blocks?

You guys are looking at it from the wrong perspective.  Consider when you started mining... I, for instance, am now running close to 32x the hashrate I started with at the beginning of my mining adventure, with my one lowly S5.  And that's getting into the game a little late.
I'm sure you got me beat tho, NotFuzzy! 

what were you at before? since I have joined I have dropped from 148 to 161 (yesterday) and now down to 172 as of this morning.

Now, there's a quick learner on the PPLNS 5Nd methodology!

By the way, did you take the blue pill or the red pill???

P.S. - I took both!

I have been here just around 8 days and we have found 5 blocks - finding this next one has been a challenge though. The only thing that sucks for me is ramping up. If I ever leave, I hope we find as many blocks in my last week instead of none lol

I guess read Help->Luck

It's good to understand that block luck does indeed go up and down - we just had an awesome run of good luck and the current luck ISN'T terrible.

People often get too caught up looking at a single block, but just look at the long term
The long term luck this year is all good and that's what we expect and what matters.
As long as we are finding lotsa blocks each diff change it's all good.

... and remember, all pools and all mining expects 1 in 2.7 blocks to be OVER 100% Diff (under 100% luck) - yep more than 1 in 3.

Mine on!

Patience is a virtue.... or some other positive saying a teacher or a poster may have said.

Honestly there are tough blocks and there are 3 block days. I'm sure kano can drop some numbers on you if you care, but the best I can say is just wait it all works out in the end

I have been here about 2 week... got 100T/H on and going to put 45 more on next week .. if there is a block found lol

Any words of encouragement?