That is incorrect, those dust payments accumulate... in his wallet.  They've sat there for three years.  He 'occasionally manually pays some of them out' as he sees fit, or doesn't, shrug.

Kanopool subsidizes 'low fees' by ripping off the weakest miners in the pool.  The biggest members of the pool are indirectly profiting from the theft of what is due to the smaller contributors, in the form of lower fees for them.  It's 0.9% for the bigger, it's up to 100% for smaller.  Maybe that's why they have such glowing statements in his support... he's basically bribing them.

So they just paid the miners $1.50 to send around about a half million dollars?!?

https://live.blockcypher.com/btc/tx/3b70c8c44cc6dcd0ff2a82681329c8d14bc9e0399c20430dbd6c653127f6f67f/

Am I reading that right?

01110100 01101000 01100001 01101110 01101011 01110011

Yeah that's what I figured.  Thanks.

Everytime I read HERP / DERP, I think of 'Beaker' from the Muppets.  So I made this, maybe it'll help explain to the DERP-impaired.





He kinda needs a mining hard-hat on though, oh well.

EDIT: @#$% I didn't even write the formula right.  Should be HERP / (SIGMA) HERP, right?  Ah well.  HERP over Sigma DERP sounds funnier.  Maybe I'll fix it later.

Cool, I'm still pretty confused but that's what led me to this thread anyways (was reading up on cgminer).   I like the sound of HERP over DERP though.  I'll have to practice saying that with a straight face.

Thanks for all the work you've put into cgminer! 

Q: My SP30 says it's running v4.7.0, using an old sdcard image I found on webarchive.  Do you think I should try to get a newer version built / installed?  Not sure if I'm ready for segwit.  Maybe a newer version would squeeze a few more hashes out?  I'm just using this miner until a couple S9's show up in a month or two, so maybe it's not worth the trouble.

Hi!

Trying this pool out, looks cool. 

Watching the pool stats, block height just went up a couple times in the last few minutes.  Did pool find two blocks that fast?!?  Seems like I'm misreading it, I figured a 60T pool would take a long time to find a block.  Maybe got super lucky?

Actually at today's rates, 16 BTC is $55k.  It doesn't matter if 'at the time' it wasn't much.  It's a lot now.  After three years of skimming off the top, it's made Kano quite a bit of money.

Frankly I have no idea what you're talking about with dark market drug money.  That's a very labored analogy.

And I already acknowledged that with PPLNS, Antpool keeps transaction fees, and that it's greedy and that advertising 0% rates for PPLNS is less than honest of them.  They do pay transaction fees out with PPS+ however, but then that has a 4% fee and it's PPS based so it's really totally different.  How Bitmain is ripping people off should be a totally different thread and I'd be happy to jump on that bandwagon, but this thread is talking about how Kano is robbing people.   Keeping those dust payments amounts to an unstated fee and it's heavily biased against people with the weakest hardware.  The less your miner makes, the more Kano keeps for himself.

Have you noticed how friendly Kano is if you're complying with his scam?  All you have to do is fork over those dust payments, help him make money with his pool, and talk smack about every other pool, and he'll be your best friend.  But if you have anything at all to say about it other than glowing reviews, he turns into a very hostile, defensive, and arrogant person?   If someone is only your friend while they are stealing from you, they're a con artist.

At the very least, Kano should state on the pool faq that miners with less power than 0.7T will simply never be paid at all, regardless of how much they max out said requirement.  No such statement exists that I noticed, maybe I'm wrong but now I don't like to go to his site because I don't like him having access to my IP.   Instead it says 'Do not point CPU / GPU miners to this pool'.

Why should I give Kano my power cost and reward for that ramp up period?  Why isn't that 'donation' (or theft, depending on how you want to phrase it) mentioned as part of the fees?  Saying the fees are 0.9% is deceptive and not accurate.  If that ramp period comes to 2.5 days, then that's 2.5 days of power cost gone and 2.5 days of reward gone, for me, about $20.  I should pay $20 for the 'privilege' of mining on his pool?  No thanks.

I think he uses that implied write-off as a method of coercing users into staying with his pool. 


"Be patient, I just want to rob you for a couple days, but then afterwords, oh man, it's going to be so great!"


Actually, my code example is totally unnecessary.  Here's why.  The clearly evident facts are:

Kano is already tracking payments under the payout threshhold.  The website lists them, and marks which ones won't be paid.  So that is already done.

Kano already has code to send payments to people.  Allegedly, I wouldn't know, this happens all the time.

So the new code required?  Add up the unpaid payments, and pay them.

He's put more effort into crook-splaining why he doesn't do this than it would take to actually do it.


Well... my 'facts' are mostly just direct quotes from Kano.  This is not me putting words in his mouth, it's his own admission of not paying out 'dust' miners, keeping some portion of their payments, and ultimately that has added up to over $50k.  His words, not mine.  Maybe he's lying about it just to piss me off, I wouldn't rule that out.  But as it stands, he is pretty brazen about gloating about how much money he has skimmed off the top from users like yourself.


Not true.  The 2.5 day ramp up time period you paid more than that 0.9%, according to your own statements above.  Likely, you also got robbed at some point for any time you failed to stay connected 100% of the time.


You removed part of my sig so I filled it back in for you.  I'm curious why you would remove it.  Does it sting?  That's why I've done it.  For you, so hopefully you'll eventually get paid what's owed to you.  Do you think I care about the $1.40 Kano owes me?  Or the $5-$10 I lost in power costs trying his pool out?  Sure I'd like to get paid but at this point I'm just offended he gets away with robbing the people making him so much money.  It's not necessary.  He could just be honest and pay people what they're owed and still make a bucket of money.

Hello,

If you land on an idea that requires Android / Unity / PHP development, I may be available to provide coding and art related services.

Thanks, good luck.

These phone / code / identity verifications exist to prevent fraud.  If OP is trying to bypass those protections, it's probably because they are engaging in some type of criminal activity.   By participating, you are setting yourself up to be investigated by law enforcement.

Current value of 0.001 BTC?  $3.35 USD.  Cost of criminal defense lawyer? Several hundred an hour.  Think about it.

I haven't tried this yet but it looks fairly simple.  Message me if you're unable to find someone more experienced and we'll figure it out.  I'd prefer to be paid with BTC.

Bitmain has confirmed my payment.

Another question here, about the same dilemma.

I went to see if I could put a negative on Kano's trust measure, but it looks like it's based on how much was actually staked in the transaction.  Which for me, was a little bit of 'dust', about $1.37 at today's rates.  So if I understand correctly, this wouldn't have any measurable impact.

Is there such a process as a 'class action trust adjustment'?  So that someone, me or whoever, could act as a class representative ('dust' miners) and collectively adjust the trust amount by the total that was scammed?  Because by Kano's own admission, that's 16 BTC ($50,000+).  That would have a significant impact on his trust measure, and maybe that would compel him to finally (after THREE YEARS) start paying people the money owed to them. 

BTW, the very moment Kano fixes this I will remove all my negative posts about the subject.  He seems like a generally well regarded member, and I dislike getting down into the mud over this, but I do believe that people should be paid what they're owed.  So if the trust factor were to be adjusted as I described above, I would like to be able to reverse that if/when he finally gets his **** together.

Fantastic, thanks for clearing that up.

Thanks for these suggestions.  Aside from asking them to call Bitmain's bank, that's what I did.  Also I didn't threaten to sue them yet because it would be an idle threat and I doubt they care.  They get sued all the time (Antbleed?), my legal fees would be way higher than the cost of the miner... they know that.

I've tried reaching out to Bitmain associates in other areas, the pool they run in Israel btw with some of Spondoolies ex employees... Basically begging them to help me get Bitmain to do what's right.  Damn I wish Spondoolies was still in business.  I love this SP30 I have here, it's just not good enough anymore.  No response yet on that, maybe they'll be able to pull some strings for me.

If any whales read this and feel sorry for me, feel free to send a donation to 1KfetnAukKfrpStLYGUtjN7wyhL5zSpC9W - I can't pay my bills with Bitmain's sorry ass excuses, it's really stressing me out.

I'm helping a family member get setup in mining, we've been considering the Avalon 741, in light of all this Bitmain nonsense.  Anyone have any thoughts on dealing with them?  Maybe they run a more professional operation than Bitmain?  Hopefully.

I'm going to stop posting to his thread now, it's obviously not going anywhere (and I just noticed in the 'Deleted Post' notification that it expressly states I should stop posting to his thread if he's asked me to, which he did).

Kano pool users, I've done what I can.  It's up to you now.  Good luck.

Here's another post he deleted, I thought it should be retained somewhere.

I posted the code to make dust payments happen to his pool thread.

He deleted it.

I wrote some code that would handle dust payments, here it is.

Note that aside from template code Kano already has in place for other functionality with the site, the actual new code to handle dust payments is essentially four lines long.  It took me no more than 5 minutes.  "SQL->" represents "Send this SQL command to the SQL engine, however it is that you prefer to do that", not literal code.  

----


----

Maybe he uses flatfiles instead of SQL, but even then he already has a system in place to pull them based on a user selection and read the payout amount so it's largely the same idea even if that's the case.  Maybe there's some hoops to jump through to secure it more than above, sterilizing user input etc.  If so, he's already doing so elsewhere, again it's not new code.

Put this on a crontab and it'll happen daily, weekly, whatever.

Or it could be triggered by the user whenever they want, but that might require checking the volume and possibly applying a fee, which is also minor.

Ha!  I was actually going to mention that earlier but I got distracted by something shiny.  Yes, I am that guy.

BTW: Thanks for keeping 911 going.  EMT-B here.