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Author Topic: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈  (Read 5061823 times)
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Sr.Urbanist
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February 12, 2017, 06:22:14 PM
 #23761



Sure  but can you tell me just how small the small miner is?

26.5 TH/s

That's very close to what I run. I have been averaging ~0.6 BTC/mo figured over the last 45 days. All that said, it can vary significantly. That's before power cost.

That looks like about .1 higher than Antpool.  Are the "significant" variations outside .1 range?  Ever had a point when you couldn't pay the electric due to these unexpected variants?  

Thanks!
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February 12, 2017, 06:57:22 PM
 #23762



Sure  but can you tell me just how small the small miner is?

26.5 TH/s

That's very close to what I run. I have been averaging ~0.6 BTC/mo figured over the last 45 days. All that said, it can vary significantly. That's before power cost.

That looks like about .1 higher than Antpool.  Are the "significant" variations outside .1 range?  Ever had a point when you couldn't pay the electric due to these unexpected variants?  

Thanks!

In this pool the transaction fees are included in the miner reward minus pool fee of 0.9% of the total value of the block.  The antpool does not include the transaction fees.  That is the difference in the payouts you get here.  As always you can reasonably expect 100% everywhere you can point your miners but most places do not give you those transactions fees.  On top of that, PPS pools charge around 4% so your expected earnings drop to ~96% maximum.  Variance can be high here sometimes because of our small size but it is usually measured in days and not over longer time spans so it has never affected my operating costs (electricity, hosting fees, etc).  I've been at the Kano pool for the past 1354 blocks and I have been able to grow my hash from about 20TH to 120TH along the way.

One other note, we do not get daily payouts and most new folks can't seem to wrap their heads around that issue.  We get paid by the block hit based on this explaination found on the Help/Payouts page:

Quote
The block 'Status' must first reach '+101 Confirms' on the Blocks page, and then is flagged as 'Matured' before the reward is distributed.
The block reward transaction is created manually before the block matures, and sent out automatically a minute after the block matures.

The payout uses a zero fee transaction, so we will confirm it with the next block we find after the transaction is sent out.

We have 3 blocks in the queue waiting to be paid out.  As soon as we hit our next block, we will receive all three payouts.  Grin

Edit: corrected grammar usage... Cheesy

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February 13, 2017, 12:38:28 AM
 #23763



Sure  but can you tell me just how small the small miner is?

26.5 TH/s

That's very close to what I run. I have been averaging ~0.6 BTC/mo figured over the last 45 days. All that said, it can vary significantly. That's before power cost.

That looks like about .1 higher than Antpool.  Are the "significant" variations outside .1 range?  Ever had a point when you couldn't pay the electric due to these unexpected variants?  

Thanks!

In this pool the transaction fees are included in the miner reward minus pool fee of 0.9% of the total value of the block.  The antpool does not include the transaction fees.  That is the difference in the payouts you get here.  As always you can reasonably expect 100% everywhere you can point your miners but most places do not give you those transactions fees.  On top of that, PPS pools charge around 4% so your expected earnings drop to ~96% maximum.  Variance can be high here sometimes because of our small size but it is usually measured in days and not over longer time spans so it has never affected my operating costs (electricity, hosting fees, etc).  I've been at the Kano pool for the past 1354 blocks and I have been able to grow my hash from about 20TH to 120TH along the way.

One other note, we do not get daily payouts and most new folks can't seem to wrap their heads around that issue.  We get paid by the block hit based on this explaination found on the Help/Payouts page:

Quote
The block 'Status' must first reach '+101 Confirms' on the Blocks page, and then is flagged as 'Matured' before the reward is distributed.
The block reward transaction is created manually before the block matures, and sent out automatically a minute after the block matures.

The payout uses a zero fee transaction, so we will confirm it with the next block we find after the transaction is sent out.

We have 3 blocks in the queue waiting to be paid out.  As soon as we hit our next block, we will receive all three payouts.  Grin

Edit: corrected grammar usage... Cheesy

Over last 3 months our average reward (after pool fees) has been 13 BTC per block, and 12.9 BTC since the halving. That's an extra ~4% in the pockets of everyone mining here. It may not seem like much, but over the last 1000 blocks (42.5 weeks) it added 1 full BTC extra in my pocket. Pools like Antpool keep that for themselves. Yes the blocks are more frequent there, but the reward is far less. So, if you are in it for the long term, this is the place to be.
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February 13, 2017, 12:44:06 AM
 #23764

we had a very bad run from nov 27 to jan 1

rest of the time we have been very good.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 13, 2017, 01:53:04 AM
 #23765

we had a very bad run from nov 27 to jan 1

rest of the time we have been very good.

Yeah but it was actually a bit shorter than that - from the last block of November, as you said, but only up to the 745% block on the 16 December.
19 blocks and 1 orphan.

The CDF[Erl] for those 20 blocks
20 Blocks with a mean difficulty of 202.028% - yeah way high.
Gets: http://www.wolframalpha.com/input/?i=CDF%5BErlangDistribution%5B20%2C+20%5D%2C++2.02028%5D
= 0.999859 i.e. 1 in 7092 of being that or worse - sooooo very unlikely even for a very short run of only 20 blocks.

I've included the orphan in the block count since it was a valid block found and even sent out to the network first, but due to a complete double failure in the relay network at the same time as a GFW blockage sending it into china, it was orphaned by a block in china.
In that case, being orphaned was a systematic problem, not related to determining the CDF[Erl] when evaluating the probability of the data.

The whole month of December is 42 Blocks with a mean difficulty of 139.638% (again including the above orphan as a block)
since the remainder of the month averaged a mean difficulty of 106% for the last 21 blocks which is well within expectation.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
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February 13, 2017, 02:33:29 PM
 #23766

70 hours...ouch! Cry

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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February 13, 2017, 02:43:10 PM
 #23767

Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy

This was a really quick block only so it has very little fees in it...but it busted the monster for us!  Grin

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February 13, 2017, 02:45:18 PM
 #23768

Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy
Yeah you were 10 minutes too impatient Cheesy

Oh also it was a 19s network block so was not a lot of (good paying) transactions available and the smaller size as I mentioned before 88,888

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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February 13, 2017, 02:47:53 PM
 #23769

Once again, I've been very busy so haven't been here in over a week & this morning I saw that almost 70 hours with no block. So I grab a cup-o-Joe and catch up on reading everything here and bingo! block!
Guess I should check in every day so we don't have bad luck again. Sorry,  my fault  Wink

Mine on!
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February 13, 2017, 02:48:03 PM
 #23770

Block by afreund with 46TH/s!  Finally!  Cheesy  This is your 2nd Kano block and our 1st of the day!  Cheesy
Yeah you were 10 minutes too impatient Cheesy

I figured I'd get the ball rolling somehow! Grin

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February 13, 2017, 02:48:46 PM
 #23771

Cheers to a friend known as afreund!  Macht gut!  Look at all those yummy payouts in the wallet, love it!!  Cool

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February 13, 2017, 04:33:00 PM
 #23772

I recently learned about the CKPool from a YouTube video, BitCoin Master I believe.

I like the shared fees, not-China and as a hobby miner with an S3 who is waiting for two S9s I think this is a better model than Antpool.  However, I do not understand the payout percentage.  I am sure this has been covered, but can somebody please provide the argument for a small miner using the pool and the level of predictability for payments?

Thanks!  I am happy to be joining the BTC world. 

I am using an S3. So far block payouts have ranged from 0.00027 - 0.00031. Payout Frequency runs from 3/day to 1/3 days with the average a bit better than once per day. By comparison, AntPool does a bit better than 1 block/hour, but is 25 times the size in terms of petahashes/hour, so it's probably equivalent, not counting fees. Maybe more consistent in terms of payout. I think they use a one payout/day model. I haven't mined with them.
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February 13, 2017, 05:19:35 PM
 #23773

Block by giorgosts with 80TH/s!  This is your 2nd Kano block and our 2nd of the day!  Cheesy Cheesy

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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February 13, 2017, 05:31:02 PM
 #23774

Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?
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February 13, 2017, 05:36:00 PM
 #23775

Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?

independent spin of the wheel so to speak.


 A roulette wheel  does not give a damn that  you spun  red  on the last spin.

Each and every spin stands alone.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 13, 2017, 05:39:44 PM
 #23776

Block! Does the new block is based on the old block? If we find the block too fast, the next one seems very difficulty.
And if we find the block too difficulty, the new block will be easier?

independent spin of the wheel so to speak.


 A roulette wheel  does not give a damn that  you spun  red  on the last spin.

Each and every spin stands alone.

Yep!  We have the same expected chance of hitting every block...it doesn't matter what we did before and it has no effect on what we do after. Grin

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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February 13, 2017, 08:05:48 PM
 #23777

Hi all!

After some days testing I have to say I like this pool, seems to me that its well managed, transparent and cares about the well being of the network (no spv mining, and other things that escapes my knowledge)

Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

Cheers!
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February 13, 2017, 08:38:23 PM
 #23778

Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

1) Why pay when there is a option for FREE?

2) I am pretty sure Kano mentioned that was on the list of things to do, but it was really far down the list.
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February 13, 2017, 09:05:54 PM
 #23779

Hi all!

After some days testing I have to say I like this pool, seems to me that its well managed, transparent and cares about the well being of the network (no spv mining, and other things that escapes my knowledge)

Two suggestions:
1) Sending the payments once the block is mature with a "normal" transaction (i.e normal fees). Those fees can be deducted on the next block, to not harm pool fees. Also, since on the next block there will be a little more space for transactions (since the 0 fee transaction for payments its already sent) there will be a slight increase in tx fees recollected so for the miners will also be about the same economic result, but earlier!

2) In the payments page, state witch payments are already sent for easier tracking.

Cheers!

The fees to distribute payments to 780 wallets is pretty steep.  It would have to come either out of our payouts or out of Kano's pocket.  I would rather maximize our payouts and help keep Kano in business for as long as possible... Grin

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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February 13, 2017, 09:34:25 PM
 #23780

Yup.

To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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