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Author Topic: [~220PH] KanoPool kano.is 0.9% fee 4.8 of 10BTC giveaway 🐈 US,UK,JP,NYA,DE,SG  (Read 5175078 times)
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February 27, 2018, 11:30:20 AM
 #36581

I see Canaan is steadily rising in hash rate. Going for that 3BTC. GO Canaan! Get it.
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February 27, 2018, 12:47:19 PM
 #36582

Canaan must be swapping out all the 741,s for 821,s   Cheesy Cheesy Cheesy Cheesy
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February 27, 2018, 01:39:48 PM
 #36583

Hi, 1st time poster, long time lurker for kano (2 months  Tongue).  Just saw the kanobtc twitter page and saw only a few members there.  Love the community here in bitcointalk but just wondering why only 16 active in twitter... Smiley

I hope we can all be active there and share tweets from the pool, especially the 10 BTC promo to spread the word so we can increase the pool's hash rate.. Smiley

that twitter account is less than a week old that's the reason. and so is the Facebook page and group.
Also so few because many like me could care less about 'share your thought of the moment' social media such as Twitter, snapchat, Facebook etc.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
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February 27, 2018, 01:44:37 PM
 #36584

Quick question - going to mine on under-clocked S5 (about 900 GH/S) to build up a few shares while I wait for an S9 to come on-line. Will the 900 GH/S get me above the dust threshold?

Thanks

Quick answer: yeah, for a little while longer.

Coining bits since 2017 
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Kano Pool is the BEST BTC mining pool.
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February 27, 2018, 01:46:38 PM
 #36585

I'm surprised these smaller guys aren't going for that 50 TH/s reward.

The block must have distracted everyone. I'm not sure how man smaller miners pay attention to the forum and read it though........so in that case, let's increase the qualifications to 1TH/s - 15 TH/s and see if that attracts a few more.

Someone has to have an easy analogy they can share that helps them understand.

B-B-B-B-B-BLOCK MAN, BLOCK MAN, BLOCK MAAAAAN!!



love the line "so in that case, let's increase the qualifications to 1TH/s - 15 TH/s and see if that attracts a few more. "
i second the motion!  Grin

BTCBTCBTC MINE ON @ KANOPOOL
Yay - now I have a chance since I have an S9!

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February 27, 2018, 02:43:44 PM
 #36586

Hey all, first post here.  I'm a noob working on building a small farm in Minnesota in an old dry cleaner with some excess power.  I have accumulated some coupons at Bitmain that I won't be able to use, so I thought I would offer them up to the Kano family.  I would only ask that you solemnly swear to use them for purchases you will mine yourself and point to Kano.  I will happily accept a couple bones thrown my way if you're so inclined, but I'm not expecting it.  Just yesterday they released coupons to everyone (clearly they are sitting on inventory) so maybe you don't need these.  But if you were planning on ordering a pile of S9s this would save you some dough.  Email me at smallmax at geemail with your email and I'll figure out how to transfer them to you.
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February 27, 2018, 02:53:51 PM
 #36587

woot i got my coupon Cheesy
sad they all expire b4 the 7nm chip machines will be rolling off the line
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February 27, 2018, 03:54:05 PM
 #36588

Canaan must be swapping out all the 741,s for 821,s   Cheesy Cheesy Cheesy Cheesy

821 and 841's.
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February 27, 2018, 03:58:00 PM
 #36589

Yes you do!!  Grin Really, we all should understood it quite well. So, here's the deal......

I'm going to up the stakes and hold you accountable with a new promotion lol!!!  ***** 50 TH/s *****

I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 10 TH/s
2- You have to have been mining with this hash for at least the last 5 blocks (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with an example in response to the submitted answer and confirmed by KANO.

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!!

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.

I really don't want to piss off the head honcho either, so if this is crossing any lines or boundaries, please let me know!

Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

EDIT: I may have noticed my first mistake and I'm going to attempt to adjust this. Unless padrinogtr really needed this breakdown, I may tweak the rules to the best description from a miner who meets the first 3 rules, but who's answer reaches 10 votes for the best answer. What do you think?

***NOTE*** This competition is not yet valid until I get the "OK" from Kano and will get the details sorted out. SO SAVE YOUR ANSWERS UNTIL FURTHER NOTICE PLEASE!!
Thanks for bumping up your max hash rate to include me...  I have not clue how well I will do since I have only been mining since August 2017 so I guess we will see..  Since we are going for easier to explain, I think it is best to switch to something tangible.  Since I like cookies, this analogy will be 1 cookie = 1 share.  The 5nd is 5 times the difficulty.  Lets keep it simple and say that the difficulty is 20, so 5nd is 100.  There is one cookie jar that can hold exactly 100 cookies which everyone is sharing.  This is a special cookie jar where the bottom kicks out and throws away old cookies when another goes in (so the cookies are always fresh).   For this example, lets say there are 3 miners working on filling the cookie jar.  Each miner is making their own cookie type at different rates.  The long term miner (miner 1) can make 1 peanut butter per minute.  Our miner (miner 2) can make 3 chocolate chip cookies per minute and the third miner (miner 3) can make 6 ginger snaps per minute.  Obviously if I ate all these cookies, I would not like cookies any longer, but you get the idea...
 
To keep it a little simpler, we will assume the block reward is 100 BTC, that cookie jar is initially filled only with peanut butter cookies (100 of them) and that full cookies are submitted once per minute – even though an S9 miner can do 13.5 Trillion hashes per second and the difficulty is also in the trillions, so in reality, our cookies are broken up into billions of pieces per second - but who wants to eat crumbs.  

So when we start mining, the cookie jar is full of other miner’s cookies and none of ours (so sad – no BTC if a block is found).  After each minute, miner 1 adds 1 peanut butter cookie to the jar, we add 3 chocolate chip cookies and miner 3 adds 6 ginger snaps and 10 old peanut butter cookies drop out of the bottom to the trash (or maybe I ate them).  Lets assume we find a block after minute 5.  There have been 5 peanut butter cookies, 15 chocolate chips and 30 ginger snaps added (and 50 old peanut butter cookies removed) so there are a total of 100 – 50 + 5 = 55 peanut butter cookies which is 55% of the jar, 15 chocolate chips which is 15% and 30 ginger snaps which is 30% of the jar.  So 100 BTC  gets distributed based on the percentages (actually 99.1 BTC gets distributed since Kano gets .9%).

If another block gets hit 5 minutes later, there have been a total of 10 peanut butter cookies added (5 new ones), 30 chocolate chips and 60 ginger snaps added (and all 100 of the old peanut butter cookies have been removed) so there are a total of 100 – 100 + 10 = 10 peanut butter cookies which is 10% of the jar, 30 chocolate chips which is 30% and 60 ginger snaps which is 60% of the jar.  So the second 100 BTC gets distributed based on the percentages.

Assuming that these miners continue to contribute the exact same amount with no new miners, when a cookie is added, a cookie is removed so the percentages stay the same going forward.  When that happens, you are getting the most payout you can.  Obviously if your miner goes down for a few minutes, you wont submit cookies so your percentage goes down a little but not a lot.  Also as more miners submit cookies to the jar, your percentage of the jar goes down (and your old cookies fall out a little faster).  The other thing that messes with all this is that when the difficulty goes up every couple weeks, the cookie jar gets bigger – and the cookies that fell out from the smaller jar get added back into the bottom of the jar in the order they left (so the analogy is not as good then).

So in my view of PPLNS, it really has nothing to do with “ramping” at all.  It is more about how many cookies you have put in the jar compared to everyone else.  So if I were to win the 50TH for 5 days, there would simply be a more chocolate chip cookies added to the top of jar for those 5 days over and above my 13.5TH that I have been adding to the mix since August.

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…

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February 27, 2018, 03:58:28 PM
 #36590

Also so few because many like me could care less about 'thought of the moment' social media such as Twitter, snapchat, Facebook etc.
... or if it were even managed by Kano.
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February 27, 2018, 04:45:55 PM
 #36591

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…
I applaud your effort but believe your analogy would be a lot better had you considered 5 jars.
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February 27, 2018, 06:27:53 PM
 #36592

Yes you do!!  Grin Really, we all should understood it quite well. So, here's the deal......

I'm going to up the stakes and hold you accountable with a new promotion lol!!!  ***** 50 TH/s *****

I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.

My rules:

1- You have to have been mining on Kano's Pool with a hash rate between 1 and 10 TH/s
2- You have to have been mining with this hash for at least the last 5 blocks (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with an example in response to the submitted answer and confirmed by KANO.

The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.

5 days - 50 TH/s .... don't let us down padrinogtr!!!!!!

*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.

I really don't want to piss off the head honcho either, so if this is crossing any lines or boundaries, please let me know!

Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

EDIT: I may have noticed my first mistake and I'm going to attempt to adjust this. Unless padrinogtr really needed this breakdown, I may tweak the rules to the best description from a miner who meets the first 3 rules, but who's answer reaches 10 votes for the best answer. What do you think?

***NOTE*** This competition is not yet valid until I get the "OK" from Kano and will get the details sorted out. SO SAVE YOUR ANSWERS UNTIL FURTHER NOTICE PLEASE!!
Thanks for bumping up your max hash rate to include me...  I have not clue how well I will do since I have only been mining since August 2017 so I guess we will see..  Since we are going for easier to explain, I think it is best to switch to something tangible.  Since I like cookies, this analogy will be 1 cookie = 1 share.  The 5nd is 5 times the difficulty.  Lets keep it simple and say that the difficulty is 20, so 5nd is 100.  There is one cookie jar that can hold exactly 100 cookies which everyone is sharing.  This is a special cookie jar where the bottom kicks out and throws away old cookies when another goes in (so the cookies are always fresh).   For this example, lets say there are 3 miners working on filling the cookie jar.  Each miner is making their own cookie type at different rates.  The long term miner (miner 1) can make 1 peanut butter per minute.  Our miner (miner 2) can make 3 chocolate chip cookies per minute and the third miner (miner 3) can make 6 ginger snaps per minute.  Obviously if I ate all these cookies, I would not like cookies any longer, but you get the idea...
 
To keep it a little simpler, we will assume the block reward is 100 BTC, that cookie jar is initially filled only with peanut butter cookies (100 of them) and that full cookies are submitted once per minute – even though an S9 miner can do 13.5 Trillion hashes per second and the difficulty is also in the trillions, so in reality, our cookies are broken up into billions of pieces per second - but who wants to eat crumbs.  

So when we start mining, the cookie jar is full of other miner’s cookies and none of ours (so sad – no BTC if a block is found).  After each minute, miner 1 adds 1 peanut butter cookie to the jar, we add 3 chocolate chip cookies and miner 3 adds 6 ginger snaps and 10 old peanut butter cookies drop out of the bottom to the trash (or maybe I ate them).  Lets assume we find a block after minute 5.  There have been 5 peanut butter cookies, 15 chocolate chips and 30 ginger snaps added (and 50 old peanut butter cookies removed) so there are a total of 100 – 50 + 5 = 55 peanut butter cookies which is 55% of the jar, 15 chocolate chips which is 15% and 30 ginger snaps which is 30% of the jar.  So 100 BTC  gets distributed based on the percentages (actually 99.1 BTC gets distributed since Kano gets .9%).

If another block gets hit 5 minutes later, there have been a total of 10 peanut butter cookies added (5 new ones), 30 chocolate chips and 60 ginger snaps added (and all 100 of the old peanut butter cookies have been removed) so there are a total of 100 – 100 + 10 = 10 peanut butter cookies which is 10% of the jar, 30 chocolate chips which is 30% and 60 ginger snaps which is 60% of the jar.  So the second 100 BTC gets distributed based on the percentages.

Assuming that these miners continue to contribute the exact same amount with no new miners, when a cookie is added, a cookie is removed so the percentages stay the same going forward.  When that happens, you are getting the most payout you can.  Obviously if your miner goes down for a few minutes, you wont submit cookies so your percentage goes down a little but not a lot.  Also as more miners submit cookies to the jar, your percentage of the jar goes down (and your old cookies fall out a little faster).  The other thing that messes with all this is that when the difficulty goes up every couple weeks, the cookie jar gets bigger – and the cookies that fell out from the smaller jar get added back into the bottom of the jar in the order they left (so the analogy is not as good then).

So in my view of PPLNS, it really has nothing to do with “ramping” at all.  It is more about how many cookies you have put in the jar compared to everyone else.  So if I were to win the 50TH for 5 days, there would simply be a more chocolate chip cookies added to the top of jar for those 5 days over and above my 13.5TH that I have been adding to the mix since August.

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…



i like this one though drawing the cookies might be tricky here lol. but since its PPL5NS u might wana add how instead of getting your cookies all at once when a block is found it is spred out over 5 payouts at least this is how i understand it though iv only been adding cookies for a few days now Cheesy but i want double chocolate chipos
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February 27, 2018, 07:11:52 PM
 #36593

Well, that is my attempt!!!  Hopefully I am not wrong and confuse everyone even more…
I applaud your effort but believe your analogy would be a lot better had you considered 5 jars.
I am not sure I am right at all, but I think that having 5 jars would not help since my understanding is that it is one jar that has a size of 5 times the current diff.  Hopefully we can get one of the long term miners to weigh in on this cookie fiasco sometime.

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February 27, 2018, 07:15:58 PM
 #36594

We have to get one more block before the end of the month. Dance!!!!!
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February 27, 2018, 07:16:53 PM
 #36595

i like this one though drawing the cookies might be tricky here lol. but since its PPL5NS u might wana add how instead of getting your cookies all at once when a block is found it is spred out over 5 payouts at least this is how i understand it though iv only been adding cookies for a few days now Cheesy but i want double chocolate chipos
Drawing cookies would be really tough.  I also thought about colored marbles which might be easier - although not as tasty and harder to track first in / first out. Yes, the example is not at all realistic today - since I had a diff of 20 (5 times being 100), the jar rolled through all the cookies in a few minutes.  Obviously we are putting in 47,823 trillion hashes per second (not sure how many shares / cookies that is) and the diff is 3,007,383,866,429, so the jar is much bigger and so it takes wayyyy longer to cycle through the whole jar with cookies.  As I understand it, during the 5nd may find 50 (or 500) blocks or we may get none at all during the time we are filling the cookie jar so I do not think it is related to blocks found either.  yes, this very confusing and I think this is getting into the realm of making it more confusing though....

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February 27, 2018, 08:19:07 PM
 #36596

Also so few because many like me could care less about 'thought of the moment' social media such as Twitter, snapchat, Facebook etc.
... or if it were even managed by Kano.


It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.
I am far from a social media wiz, but I'm no luddite as well. Whether we like it or not, social media is quite a good tool for marketing.
As, I said in my previous post, a few of us are doing it to help out here, as Kano's time is consumed with pool upkeep. He does alot
for this pool, and the very least we could do is help promote it. It's not a requirement, nor, has anyone asked us to help. We want to
help the pool, and if anyone has input, they are welcome to share suggestions.

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
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February 27, 2018, 09:10:11 PM
 #36597

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.
Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 
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February 27, 2018, 09:51:14 PM
 #36598

the 10 BTC giveaway to large miners is up until the 10 BTC are distributed?
Or is there a planned end date?

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February 27, 2018, 09:54:29 PM
 #36599

the 10 BTC giveaway to large miners is up until the 10 BTC are distributed?
Or is there a planned end date?

Not sure but there is no expiration date shown in the announcement on page 1 of this thread...

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February 27, 2018, 09:56:55 PM
 #36600

It might as well be. Everything on those pages, are a direct correlation to the information on Kano's web page, and this forum thread.
Ultimately, my (main) reluctance would be this:  As it stands now, you could put a "donate to ...." wallet tag as you have currently in your .sig and people would think it would be going to Kano -- not thinking that it was actually going to you.  If it's not official, it's not official. 


For one thing, because I have my vanity address in my sig doesn't mean I'm asking for anything, nor do I. It's simply my address. Another thing, I have my very own account that I promote Kano's Pool from, not affiliated with Kano, nor this pool. And, if anyone were to post so foolishly in this forum,  while posting an address scam, would most definitely be pointed out as a scammer!

I thank you for painting me as a scammer, and if you don't like the idea of people helping out, and promoting this pool, that's fine.
You don't have to participate. Thanks.

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
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