KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[clgrissom3]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

[1714674787]

1714674787

[1714674787]

1714674787

[Megaquake]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

This has more serious implications than mining empty blocks.

[Megaquake]

I think we will need a 100x increase in hash rates to keep up with the blocks

[Megaquake]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

This has more serious implications than mining empty blocks.

We need input from Kano

[clgrissom3]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

This has more serious implications than mining empty blocks.

We need input from Kano

Until he rejoins the forum...try this.  And lighten up a bit...

https://bitcointalk.org/index.php?topic=789369.msg13566071;topicseen#msg13566071

[Megaquake]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

This has more serious implications than mining empty blocks.

We need input from Kano

Until he rejoins the forum...try this.  And lighten up a bit...

https://bitcointalk.org/index.php?topic=789369.msg13566071;topicseen#msg13566071

Yea what he talks about their is fine but thats not the way it happened, it was done with a fork and not the entire chain which has negative implications to core.

[Megaquake]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Haha!  Why would they want larger blocks?  The can't even fill the current block size!

This has more serious implications than mining empty blocks.

We need input from Kano

Until he rejoins the forum...try this.  And lighten up a bit...

https://bitcointalk.org/index.php?topic=789369.msg13566071;topicseen#msg13566071

Yea what he talks about their is fine but thats not the way it happened, it was done with a fork and not the entire chain which has negative implications to core.

It may not be that big of a deal but I think Kano has to change the config of the pool for the increase in block size.

[vh]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

there are dozens of versions of bitcoin software, all of which are in production:

core will reject classic 2mb.   classic will accept core 1mb, can and does generate core 1mb block. 
at the current pace, anyone tossing out a classic 2mb block will be the minority chain, and will be eliminated in a matter of hours.

i always wonder what kind of checks are in place.   if someone tosses out a rogue 2mb block, antpool is kind of screwed.

[bitmine49]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

So what exactly does this mean? Is this related to F2Pool's hashrate jump recently? And our dryout?

[bitmine49]

http://nodecounter.com/#classic_012_vs_core_012

[Crispyato]

They don't realize that leaving during a slow block is the WORST you can do, unless you're getting out of mining for a longer period.
If you leave during a slow-streak, once your 5Nd catches up and we hit blocks, you will have literally mined for nothing and lose any chance to make up for the losses.

I can't speak for everyone else, but I'm pointing my miners away to make some coin as my rentals end.  I can't keep them pointed here since the payouts are not coming for the 2 blocks we did get.  Some of the workers have been mining kano since January and I've always held through bad luck and grown.  Without the payouts though, there is no good plan.  This is longest I
have waited on payouts here.  I've already made .15  off only 20TH for 8hours as they end.  The idea being to switch away the ending ones to catch some comeback money from big china as they end, though I will be waiting a while on those payouts also.     I have theorized this is better for the pool also.  Instead of dropping 10 rigs every couple hours for 24hours, I redirect them at once leaving what I can have steady mining Kano.  I do wish the payouts would send.  

[philipma1957]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Is this why we are having bad luck?

we are have bad luck because you are micromanaging luck in your head.

Never think small block count  ie
5 blocks
10 blocks
25 blocks    are all too small


  you need to look at 50 blocks or more  and what is the luck for

50   =   Last 50 Blocks   12.3days   101.4%   97.97%   98.03%   0.4630   102.01%   looks like good luck
100 =  Last 100 Blocks   27.0days   101.4%   97.12%   97.47%   0.4122   102.60%   looks like good luck
250 = Last 250 Blocks   12.3wks   101.2%   89.60%   88.28%   0.0281   113.27%   looks like good luck



now to be fair if those go under 100%  that is bad luck.

Now to be honest I would love to see hashrate drop to 20ph or even 15ph  because I am not leaving and if we drop to 20ph my next payout will be bigger.

I came back here and have said think in 100 block shots. So That is what I am doing.

[wolfen]

Me too.
One block please.
I know Kano is working very hard .

[nhando]

With growing support from leading companies such as Coinbase which are running various tests to evaluate the efficiency of Bitcoin Classic and the 2 megabyte Classic chain, it is highly likely that the Classic chain could co-exist with the core chain in the future. If this happens, wallet platforms and exchanges will support both chains and verify the transactions from the Core and Classic chains.

However, Coinbase CEO Brian Armstrong recently emphasized that historically, when a split chain occurred, the minority was eliminated in a matter of hours. Armstrong predicts that the same would happen for the Core chain if Classic becomes activated.

Antpool, the largest mining pool, just mined their first #bitcoin classic blockhttps://blockchain.info/block/000000000000000006968c648240001fd7d856f9732646763225b084f72404eb … - classic officially in production

Is this why we are having bad luck?

we are have bad luck because you are micromanaging luck in your head.

Never think small block count  ie
5 blocks
10 blocks
25 blocks    are all too small


  you need to look at 50 blocks or more  and what is the luck for

50   =   Last 50 Blocks   12.3days   101.4%   97.97%   98.03%   0.4630   102.01%   looks like good luck
100 =  Last 100 Blocks   27.0days   101.4%   97.12%   97.47%   0.4122   102.60%   looks like good luck
250 = Last 250 Blocks   12.3wks   101.2%   89.60%   88.28%   0.0281   113.27%   looks like good luck



now to be fair if those go under 100%  that is bad luck.

Now to be honest I would love to see hashrate drop to 20ph or even 15ph  because I am not leaving and if we drop to 20ph my next payout will be bigger.

I came back here and have said think in 100 block shots. So That is what I am doing.

There's 3 train of thoughts here so there's no 1 size fit all solution

1) If you are a small miner - Look at the long term as Phillip say, you can't beat it here.  Don't bother looking at daily or weekly, look at the long term record even though past performance doesn't guarantee future success, trust that the Developers here are constantly working their ass off to improve every efficiency possible.  Just set it and forget it basically.

2) If you are renting - Rent smart, don't pay for higher than market rate as whatever rate you rent, there's 3% on top so go big when it's cheap and then go up or down depending on how you think Kano luck will be.  It's a gamble but the lower your cost, the higher your chance of winning. You can often set the price very low and when the FAT cat mess up the price, they normally do it short term and then they leave making all the hash go from bottom to the top and you will hit some.

3) BIG Miners - Unfortunately this is where it gets tricky.  We make much more money renting to higher PPS.  I am very loyal to Kano and I actually had all my partners push over 7500TH thru my account and DROID for a very long period of time during both nasty blocks.  When there's nasty blocks like this, it's a huge opportunity cost, the combine was about  $7000-10,000 in opportunity loss, so it's not fun and your partners will give you shit.  This is why we must diversify.  But long term, I will always get them to direct the hashing here.   The biggest reason is when we have a problem, I know Kano or CK will give me the no bullshit answer.  That to me is important when your investment stake is so huge.  Also Kano Members always look out for others and report issues so that everyone is aware.  I'm not familiar with a similar protocol for the other pool, it's possible they may have it, I'm just not aware of it.

[Megaquake]

 Im in it with Kano and I will not move my hash from this pool and never implicated such a thing, even after reading some negativity about core from coindesk and how dare they allow a company that builds the hardware and largest mining pools from it that should not be a community decisions to fork, Bitmain should be removed and not counted a a community when considering a fork, all their hash power should be removed and let the real pools decide.

[nhando]

Im in it with Kano and I will not move my hash from this pool and never implicated such a thing, even after reading some negativity about core from coindesk and how dare they allow a company that builds the hardware and largest mining pools from it that should not be a community decisions to fork, Bitmain should be removed and not counted a a community when considering a fork, all their hash power should be removed and let the real pools decide.

No one have to be dedicated to just 1 pool and I don't even think Kano would recommend such a thing.  It's up to the individual to realize what is in their best interest hence why we have 3 pool options.  It's always best to add some high paying PPS as a failover. The end game is to make money, so choose accordingly based on performance.

[philipma1957]

block!


awangkenit.46s7   thank you

[Jake36]

They don't realize that leaving during a slow block is the WORST you can do, unless you're getting out of mining for a longer period.
If you leave during a slow-streak, once your 5Nd catches up and we hit blocks, you will have literally mined for nothing and lose any chance to make up for the losses.

I can't speak for everyone else, but I'm pointing my miners away to make some coin as my rentals end.  I can't keep them pointed here since the payouts are not coming for the 2 blocks we did get.  Some of the workers have been mining kano since January and I've always held through bad luck and grown.  Without the payouts though, there is no good plan.  This is longest I
have waited on payouts here.  I've already made .15  off only 20TH for 8hours as they end.  The idea being to switch away the ending ones to catch some comeback money from big china as they end, though I will be waiting a while on those payouts also.     I have theorized this is better for the pool also.  Instead of dropping 10 rigs every couple hours for 24hours, I redirect them at once leaving what I can have steady mining Kano.  I do wish the payouts would send.  

It's no help, but kano said it would be ~12 hours before the payouts are sent and that was about 10 hours ago.

https://bitcointalk.org/index.php?topic=789369.msg14186950#msg14186950

[Megaquake]

block!


awangkenit.46s7   thank you

Nice!

[Megaquake]

Now lets go lime again