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

[wmabern]

And wmabern (The Purple Teddy Bear)  is back. Nice to see you again

LOL. I saw your post on the last page but didn't relate it to me.

I haven't gone anywhere and have been here the whole time. Except on the day when Hurricane Mathew's rain bands were hitting my house and I had to shut down and close my windows.

BTW, the bear is a Grateful Dead "Dancing Bear" and not a "teddy bear"  . I'm a Dead Head from way back and saw my first Grateful Dead show in 1977!  

EDIT: I've got a tattoo of the same bear on my arm except he is carrying a rose.

OMG...I knew that about the bear, but wasn't gonna say anything...another DeadHead! Mine Rock on!

    "Weir" everywhere! 

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[firetreeactual]

    "Weir" everywhere! 

I make a lot of my own foodstuffs...bread, luncheon meat, bacon, dehydrating, etc... and I make my own super-premium ice cream. My favorite is a French vanilla/coffee infused sort that I proudly call "MIckey's Mocha." 

BTW...glad the rain bands didn't do you in. I've got friends down on the SE coast that weren't so lucky...but they'll be OK. Not the first time, and surely won't be the last.

[DarkStar_]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.

I think I understand this. So first of all, the pool does take a comission - 0.9% off the block reward. How can you spend the Bitcoin? High fees because of the Bitcoin network isn't Kano's fault, though it could help if there was an option to set a payout threshold. If your not in a rush to send funds, you can send a small fee transaction (0.002 BTC fees for 100kb maybe) and eventually it will be confirmed, when the network isn't as busy. Kano confirms all non free transactions, so eventually it should be confirmed. SPV mining is worse because it might create a large orphan chain, as they don't verify the transactions and normal mining will confirm mostly legitimite transactions. Combining lots of inputs happens quite a bit, and I wouldn't call it rubbish.

You can try mining to a wallet service that covers transaction fees for you, like coinbase. Just make sure not to keep too much BTC in there at a time.

[citronick]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.

I think I understand this. So first of all, the pool does take a comission - 0.9% off the block reward. How can you spend the Bitcoin? High fees because of the Bitcoin network isn't Kano's fault, though it could help if there was an option to set a payout threshold. If your not in a rush to send funds, you can send a small fee transaction (0.002 BTC fees for 100kb maybe) and eventually it will be confirmed, when the network isn't as busy. Kano confirms all non free transactions, so eventually it should be confirmed. SPV mining is worse because it might create a large orphan chain, as they don't verify the transactions and normal mining will confirm mostly legitimite transactions. Combining lots of inputs happens quite a bit, and I wouldn't call it rubbish.

You can try mining to a wallet service that covers transaction fees for you, like coinbase. Just make sure not to keep too much BTC in there at a time.

makes sense....

Amusing that "Kano giving us pigs" comment.

[wmabern]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.

I think I understand this. So first of all, the pool does take a comission - 0.9% off the block reward. How can you spend the Bitcoin? High fees because of the Bitcoin network isn't Kano's fault, though it could help if there was an option to set a payout threshold. If your not in a rush to send funds, you can send a small fee transaction (0.002 BTC fees for 100kb maybe) and eventually it will be confirmed, when the network isn't as busy. Kano confirms all non free transactions, so eventually it should be confirmed. SPV mining is worse because it might create a large orphan chain, as they don't verify the transactions and normal mining will confirm mostly legitimite transactions. Combining lots of inputs happens quite a bit, and I wouldn't call it rubbish.

You can try mining to a wallet service that covers transaction fees for you, like coinbase. Just make sure not to keep too much BTC in there at a time.

makes sense....

Amusing that "Kano giving us pigs" comment.

I'd rather have chickens!!! 

[citronick]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.

I think I understand this. So first of all, the pool does take a comission - 0.9% off the block reward. How can you spend the Bitcoin? High fees because of the Bitcoin network isn't Kano's fault, though it could help if there was an option to set a payout threshold. If your not in a rush to send funds, you can send a small fee transaction (0.002 BTC fees for 100kb maybe) and eventually it will be confirmed, when the network isn't as busy. Kano confirms all non free transactions, so eventually it should be confirmed. SPV mining is worse because it might create a large orphan chain, as they don't verify the transactions and normal mining will confirm mostly legitimite transactions. Combining lots of inputs happens quite a bit, and I wouldn't call it rubbish.

You can try mining to a wallet service that covers transaction fees for you, like coinbase. Just make sure not to keep too much BTC in there at a time.

makes sense....

Amusing that "Kano giving us pigs" comment.

I'd rather have chickens!!! 

after 29 hours..... I think we need the chicken brigade out now!

[citronick]

...Accept our offerings Gatekeeper of Mt. Bitcoin, throw us a few coins...

[Xircom]

Hmmmm... could be he got a point there. Why not having payout once a day to keep the transaction fee down to a minimum ?

[firetreeactual]

Hmmmm... could be he got a point there. Why not having payout once a day to keep the transaction fee down to a minimum ?

A major reason for me coming here was that we DON'T do that. Not enough transparency for me, methinks. That system was used at two previous (un-named) pools I worked with, and I could never quite reconcile the rewards accurately...not that I thought there was chicanery...but if there was, it would be a lot more difficult to find in a "hold and pay" arrangement like that.

EDIT: And, Kano sends zero-fee transactions as we confirm our own...so that would seem to be a moot point.

[hurricandave]

Because Kano is not a bank. Accumulating balances requires a Hot Wallet. People tend to STORE BTC at pools then cry foul if they can't get access to it after leaving the funds dormant for months if not years.

[not.you]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.

The alternative to all those small payouts, which is what causes you to require a larger fee to move your BTC, is that Kano keeps a hot wallet on the pool side.  A hot wallet makes a hacking target and opens everyone up to the possibility of a large loss.  Kano has said he doesn't want to keep a hot wallet so that's why we get the small payouts which in turn means a larger fee for us to spend it.  What I do is keep a mining wallet and when it hits about 1BTC I move that to another wallet where I keep most of my BTC.  So when I spend, I spend from my larger wallet so I can use a small fee and still get a quick confirmation on the transaction.

One thing that might be useful (if we got more blocks on a regular basis) is a consolidated payout.  It seems like we often get paid for 3 or 4 blocks at a time, so getting that all paid in one lump sum rather than 3 or 4 separate payouts all at the same time, would help a little.  However, the trade off there is that it would become more difficult for the miners to keep track of getting paid for every block.  Maybe if Kano put a txt note on the transaction that included block numbers?  

EDIT:  I see others made the same point while I was typing.

[Xircom]

Good explanation. Point taken !

[wmabern]

   "Weir" everywhere!  

I make a lot of my own foodstuffs...bread, luncheon meat, bacon, dehydrating, etc... and I make my own super-premium ice cream. My favorite is a French vanilla/coffee infused sort that I proudly call "MIckey's Mocha."  

BTW...glad the rain bands didn't do you in. I've got friends down on the SE coast that weren't so lucky...but they'll be OK. Not the first time, and surely won't be the last.

Sorry for the OT.
Thanks! I'd love to try some of that ice cream! How about shipping with some dry ice?  

I met Mickey Hart when he and his band played at a music and arts festival down the road a few years ago. A very nice guy! His band is excellent also. If you ever get the chance, check him out. He is one smart drummer too!

p.s. Yes, the eastern parts of NC and SC really got slammed and are still flooded. Lots of loss of life from drowning also. When someone in the know tells you to evacuate, you probably should.
We escaped with just a day of rain.

[CryptoBuddha]

I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
..................

The alternative to all those small payouts, which is what causes you to require a larger fee to move your BTC, is that Kano keeps a hot wallet on the pool side.  A hot wallet makes a hacking target and opens everyone up to the possibility of a large loss.  Kano has said he doesn't want to keep a hot wallet so that's why we get the small payouts which in turn means a larger fee for us to spend it.  What I do is keep a mining wallet and when it hits about 1BTC I move that to another wallet where I keep most of my BTC.  So when I spend, I spend from my larger wallet so I can use a small fee and still get a quick confirmation on the transaction.

EDIT:  I see others made the same point while I was typing.

Google translate gives an awful interpretation of this nice piece of advise, so i'll do a live translation into Russian, as the nick and the phrase construction of the user who asked the question are typically Russian. So don't treat this as OT)))
BTW, I do the same thing not.you suggested - only that I have a cold wallet on a USB TailsOS.

Aльтepнaтивoй мaлeньким выплaтaм, кoтopыe и являютcя пpичинoй бoльшиx кoмиccий пpи пepeвoдe биткoинoв, мoг бы cтaть "гopячий" кoшeлeк пyлa. Taкoй гopячий кoшeлeк cpaзy cтaнoвитcя цeлью для xaкepoв и для кaждoгo пoявляeтcя oпacнocть пoнecти бoльшиe пoтepи. Кaнo гoвopил, чтo нe xoчeт дeлaть гopячий кoшeлeк, гдe бы xpaнилиcь нeвыплaчeнныe мoнeты, пoэтoмy мы и пoлyчaeм мaлeнькиe выплaты, чтo, в cвoю oчepeдь, пpивoдит к yвeличeнию кoмиccий, кoгдa мы в дaльнeйшeм бyдeм иx тpaтить. Boт чтo я дeлaю - y мeня ecть кoшeлeк для выплaт, и кoгдa тaм coбиpaeтcя oкoлo 1 БTC я пepeвoжy иx нa дpyгoй кoшeлeк гдe я xpaню бoльшинcтвo мoиx мoнeт. Кoгдa я иx тpaчy, я дeлaю этo c мoeгo "бoльшoгo" кoшeлькa, тaк чтo y мeня выxoдят нeбoльшиe кoмиccии и пpи этoм тpaнзaкции быcтpo пoдтвepждaютcя.

[rammendo]

Aльтepнaтивoй мaлeньким выплaтaм, кoтopыe и являютcя пpичинoй бoльшиx кoмиccий пpи пepeвoдe биткoинoв, мoг бы cтaть "гopячий" кoшeлeк пyлa. Taкoй гopячий кoшeлeк cpaзy cтaнoвитcя цeлью для xaкepoв и для кaждoгo пoявляeтcя oпacнocть пoнecти бoльшиe пoтepи. Кaнo гoвopил, чтo нe xoчeт дeлaть гopячий кoшeлeк, гдe бы xpaнилиcь нeвыплaчeнныe мoнeты, пoэтoмy мы и пoлyчaeм мaлeнькиe выплaты, чтo, в cвoю oчepeдь, пpивoдит к yвeличeнию кoмиccий, кoгдa мы в дaльнeйшeм бyдeм иx тpaтить. Boт чтo я дeлaю - y мeня ecть кoшeлeк для выплaт, и кoгдa тaм coбиpaeтcя oкoлo 1 БTC я пepeвoжy иx нa дpyгoй кoшeлeк гдe я xpaню бoльшинcтвo мoиx мoнeт. Кoгдa я иx тpaчy, я дeлaю этo c мoeгo "бoльшoгo" кoшeлькa, тaк чтo y мeня выxoдят нeбoльшиe кoмиccии и пpи этoм тpaнзaкции быcтpo пoдтвepждaютcя.

A я вooбщe нe зaмopaчивaюcь, пocтyпaю тoчнo тaкжe, тoлькo пepeвoжy caм ceбe нa тoт жe caмый aдpec.

[CryptoBuddha]

Amusing that "Kano giving us pigs" comment.

Yeah I tried to think of this phrase with my English half of mind and it really made me laugh    Though in Russian it's a common set expression.  If someone says "You have put a pig to me" it means "what you've done caused unwanted consequences for me".

[wmabern]

These time-sucking, ugly, red blocks SUCK!  

I might have to fire up my 20PH rig! LOL 

[not.you]

These time-sucking, ugly, red blocks SUCK!  

I might have to fire up my 20PH rig! LOL 

This variance is killing me.  The people who left the pool have put a pig to us. 

[wmabern]

BLOCK!!!!!!!!!!!!

Finally! With a payout!    

Guess I need to b1tch about it more often. 

[xxxgeniy]

Block! Our long-awaited ))))