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

[rifleman74]

Our last block payout was picked up for low fee. Kano on top of it. (Does he sleep or is he some unheard of A.I.)

Fees have been low for awhile now, anything that carries any sort of satoshi's will be included in blocks. 

[1714207068]

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[1714207068]

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[Pecker]

hmmm is it jst me or is bitman spitting out machines at a crazy rate and price is dropping . that new chip must be comming soon

SO does anyone know what the latest and greatest bitcoin mining machines are that are in the works from mining companies?  what kind of hash rates are they talking about delivering?

Brands and hash rates? Price?   I've been researching but not seeing much out there..

But the new S9's are dropping like crazy ($2000 for miner and power supply)... just like Gaud says something new/big must be coming is my guess...

Figured I'd ask the guys who would know..

Oh and lets crack another one today...BOk, BOK, BLOCK!!

[wavelengthsf]

hmmm is it jst me or is bitman spitting out machines at a crazy rate and price is dropping . that new chip must be comming soon

SO does anyone know what the latest and greatest bitcoin mining machines are that are in the works from mining companies?  what kind of hash rates are they talking about delivering?

Brands and hash rates? Price?   I've been researching but not seeing much out there..

But the new S9's are dropping like crazy ($2000 for miner and power supply)... just like Gaud says something new/big must be coming is my guess...

Figured I'd ask the guys who would know..

Oh and lets crack another one today...BOk, BOK, BLOCK!!

Would be better to checkout the mining speculation threads.

The only miners yet to be released that we know of are the DragonMint 16 TH (https://halongmining.com/), and the eBit 18TH (http://miner.ebang.com.cn/).

Bitmain is rumored to be working on something new, but no details are known.

[lok8nusa]

hmmm is it jst me or is bitman spitting out machines at a crazy rate and price is dropping . that new chip must be comming soon

SO does anyone know what the latest and greatest bitcoin mining machines are that are in the works from mining companies?  what kind of hash rates are they talking about delivering?

Brands and hash rates? Price?   I've been researching but not seeing much out there..

But the new S9's are dropping like crazy ($2000 for miner and power supply)... just like Gaud says something new/big must be coming is my guess...

Figured I'd ask the guys who would know..

Oh and lets crack another one today...BOk, BOK, BLOCK!!

Would be better to checkout the mining speculation threads.

The only miners yet to be released that we know of are the DragonMint 16 TH (https://halongmining.com/), and the eBit 18TH (http://miner.ebang.com.cn/).

Bitmain is rumored to be working on something new, but no details are known.

The only miners yet to be released that we know of are the DragonMint 16 TH (https://halongmining.com/), and the eBit 18TH (http://miner.ebang.com.cn/).

Bitmain is rumored to be working on something new, but no details are known.

There's all that, plus Samsung recently said they were getting into ASIC production. That would be ... interesting.

[clgrissom3]

hmmm is it jst me or is bitman spitting out machines at a crazy rate and price is dropping . that new chip must be comming soon

SO does anyone know what the latest and greatest bitcoin mining machines are that are in the works from mining companies?  what kind of hash rates are they talking about delivering?

Brands and hash rates? Price?   I've been researching but not seeing much out there..

But the new S9's are dropping like crazy ($2000 for miner and power supply)... just like Gaud says something new/big must be coming is my guess...

Figured I'd ask the guys who would know..

Oh and lets crack another one today...BOk, BOK, BLOCK!!

Those are lower spec S9s...they are 13TH/s where the previous ones were 13.5TH/s miners.  Doesn't sound like much but the 13TH/s are the ones that failed the 13.5 test and usually only deliver about 12-12.5 from my experience.

[gaud]

hmmm is it jst me or is bitman spitting out machines at a crazy rate and price is dropping . that new chip must be comming soon

SO does anyone know what the latest and greatest bitcoin mining machines are that are in the works from mining companies?  what kind of hash rates are they talking about delivering?

Brands and hash rates? Price?   I've been researching but not seeing much out there..

But the new S9's are dropping like crazy ($2000 for miner and power supply)... just like Gaud says something new/big must be coming is my guess...

Figured I'd ask the guys who would know..

Oh and lets crack another one today...BOk, BOK, BLOCK!!

the new 7nm chip is comming hard to know what machines but the effincy is gona double

[Shazam!!!]

I'm hoping to see some more results from promoting in the next few days. I've been pushing the pool, with Kano's 10btc reward,
directly into the path of Antpool, and Slush users. I have F2pool, and BTCpool, on my list next. Hopefully, these users are looking
to find better rewards, with a much better community. Many of the Antpool users, are starting to understand, they are getting robbed.

[gaud]

I'm hoping to see some more results from promoting in the next few days. I've been pushing the pool, with Kano's 10btc reward,
directly into the path of Antpool, and Slush users. I have F2pool, and BTCpool, on my list next. Hopefully, these users are looking
to find better rewards, with a much better community. Many of the Antpool users, are starting to understand, they are getting robbed.

lol most of the antpool users are bitman lol. so technically not robbed they are the ones doing the robbing others start there because the machine is configured that way offer easy advice to change this to the rookies and antman loses fast as long as u tell them about high fees and no shared block fees. as soon as we get our 5n vid for maby we get it on front page and get more people to stick around not sure why people have no patients .

ps.- with 4% fee u should hit btc.com people too we can crush bitman yeaaaaa.

[Pecker]

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BTC 50 TH/s giveaway !!!! BTC


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 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (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 his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

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!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*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.


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

You set rules and mentioned an answer but didn't mention a question, so im gonna assume the answer is 42.

Oops! I copied and edited the original which was following a quote. I can't fix it at this point in time, I'll have to come back to that.

The competition is basically to explain the 5Nd in the simplest form. There have been many explanations, but it is still somewhat of a mystery to many. It was in response to a certain member (padrinogtr) not being able to get it no matter what. He has to understand the answer in a way that he can explain it to others. I'm assuming he's a he...

Ok... Last try. Put your thinking cap on Padrinogtr!  

Ground Rules:
For example purposes only, we'll assume that the pool always creates a new block at exactly the 100% expected amount of Network Difficulty in exactly a one (1) week time-period--Yes, I know it's not time-bound.
Also, I will be mixing some of the analogy's terms into the actual explanation just to keep with the flow of thought.

Analogy:
Here's the very best and easiest way I can explain it using something that we should all be familiar with: Employment

*** Does anyone remember when employers used to hold your first week's paycheck?!

Due to this payout method, you were always technically a paycheck behind, but you never lost any money in the deal since they were just delaying it slightly, and even after you left the job, you still could count on having another paycheck that you were owed from when they held your first week's pay.

Now, imagine that they didn't hold your entire first check; just 4/5 of it. Then, each payday that rolls around afterward, they withhold less (3/5) and less (2/5) of each new paycheck until after five (5) paydays, you are now receiving your entire paycheck. In the back of your mind, though, you know that even if you left, you'd still have all that back-pay coming to you.

Explanation:
The PPLNS (5Nd) payout method is very much like this since when the first block that you've helped attempt to solve gets created, the payout process will look back five (5) "weeks" and see that you only worked 1/5 of that time period. Now, when the pool creates the second block that you've contributed to, you've now contributed two (2) out of the past five (5) "weeks", and so on and so forth until you've worked on five (5) consecutive blocks, at which point, you will now be fully ramped up and getting entire "paychecks". On the other hand, if you ever decide to stop mining, the same process would take place in reverse due to the same look-back over the past 5Nd sliding window.

Visual Aide:
Many have attempted to visually represent the ramp-up/ramp-down process, but I'll try to change it up and apply it to the example above since we're all familiar with how weekly paychecks work.

Legend:
O = Times when you weren't mining
M = Times when you were mining
* = When a new block is created (payday)

Calendar:
   SMTWTFS
1  OOOOOOO----|
2  OOOOOOO    |
3  OOOOOOO    |-->1/5
4  OOOOOOO    |
5  MMMMMMM*---|

   SMTWTFS
2  OOOOOOO----|
3  OOOOOOO    |
4  OOOOOOO    |-->2/5
5  MMMMMMM*   |
6  MMMMMMM*---|

   SMTWTFS
3  OOOOOOO----|
4  OOOOOOO    |
5  MMMMMMM*   |-->3/5
6  MMMMMMM*   |
7  MMMMMMM*---|

   SMTWTFS
4  OOOOOOO----|
5  MMMMMMM*   |
6  MMMMMMM*   |-->4/5
7  MMMMMMM*   |
8  MMMMMMM*---|

   SMTWTFS
5  MMMMMMM*---|
6  MMMMMMM*   |
7  MMMMMMM*   |-->5/5
8  MMMMMMM*   |
9  MMMMMMM*---|

   SMTWTFS
6  MMMMMMM*---|
7  MMMMMMM*   |
8  MMMMMMM*   |-->4/5
9  MMMMMMM*   |
10 OOOOOOO*---|

   SMTWTFS
7  MMMMMMM*---|
8  MMMMMMM*   |
9  MMMMMMM*   |-->3/5
10 OOOOOOO*   |
11 OOOOOOO*---|

   SMTWTFS
8  MMMMMMM*---|
9  MMMMMMM*   |
10 OOOOOOO*   |-->2/5
11 OOOOOOO*   |
12 OOOOOOO*---|

   SMTWTFS
9  MMMMMMM*---|
10 OOOOOOO*   |
11 OOOOOOO*   |-->1/5
12 OOOOOOO*   |
13 OOOOOOO*---|


That's it! I don't know how I could do it any better. I'm leaving it all on the [forum] here. It's up to you now Padrinogtr. Good luck!

EDIT: Sorry, I did think to add examples of payout calculations for completeness' sake--Contains super-small rounding errors...

Rewards:
1/5 Payout:
Block: 505456
Block UTC: 22/Jan 03:00
Miner Reward: 15.06656796
N Diff: 11.159T * 1,000,000,000,000 = 11,159,000,000,000
N Range: 407hr 24m 33s
Pool N Avg: 32.68PHs
Your %: 0.00%
Your N Diff: 94.257M * 1,000,000 = 94,257,000
Your N Avg: 276.02GHs
Your BTC: 0.00012725

Equation:
Your N Diff / N Diff = Your % * Miner Reward = Your BTC
94,257,000 / 11,159,000,000,000 = 0.0000084467246169011560175642978761538 * 15.06656796 = 0.00012726315047994623174119544752804

5/5 Payout:
Block: 508425
Block UTC: 9/Feb 20:11
Miner Reward: 12.44363511
N Diff: 14.378T * 1,000,000,000,000 = 14,378,000,000,000
N Range: 366hr 33m 46s
Pool N Avg: 46.80PHs
Your %: 0.01%
Your N Diff: 1.120G * 1,000,000,000 = 1,120,000,000
Your N Avg: 3.64THs
Your BTC: 0.00096921

Equation:
Your N Diff / N Diff = Your % * Miner Reward = Your BTC
1,120,000,000 / 14,378,000,000,000 = 0.00007789678675754625121713729308666 * 12.44363511= 0.00096931919065238558909444985394352

Very well done BSGMiner! 

[BSGMiner]

Very well done BSGMiner! 

Thanks! It took until the wee hours of the night/morning to get that one right.

[AerialGopher]

If anyone wants S9's  They have dropped the price on bitmain.  $1915 USD and $2000 USD  SHipping both March 21.

Now, why would they list the same item for the same shipping date with two prices?

Now when they were 1450 in December, I still have not made enough to break even...  so.... 2000 hmmm...  with .0012 per day average returns?

I should buy a bunch for the next craze that drives them up to 8000 USD

[BSGMiner]

the new 7nm chip is comming hard to know what machines but the effincy is gona double

...and hopefully they'll make the price of existing miners half! I'll take two of those, please & thank you very much! BTC

[gaud]

If anyone wants S9's  They have dropped the price on bitmain.  $1915 USD and $2000 USD  SHipping both March 21.

Now, why would they list the same item for the same shipping date with two prices?

Now when they were 1450 in December, I still have not made enough to break even...  so.... 2000 hmmm...  with .0012 per day average returns?

I should buy a bunch for the next craze that drives them up to 8000 USD

one comes with power supply the other dose not.

[AerialGopher]

If anyone wants S9's  They have dropped the price on bitmain.  $1915 USD and $2000 USD  SHipping both March 21.

Now, why would they list the same item for the same shipping date with two prices?

Now when they were 1450 in December, I still have not made enough to break even...  so.... 2000 hmmm...  with .0012 per day average returns?

I should buy a bunch for the next craze that drives them up to 8000 USD

one comes with power supply the other dose not.

HAHA  I guess I should read... :-)

I bet you they still put them on two different waybills and you end up paying multiple brokerage fees.  Instead of listing multiple items on the same waybill.

I re read it, those are only 13 TH as well.

[BSGMiner]

If anyone wants S9's  They have dropped the price on bitmain.  $1915 USD and $2000 USD  SHipping both March 21.

Now, why would they list the same item for the same shipping date with two prices?

Now when they were 1450 in December, I still have not made enough to break even...  so.... 2000 hmmm...  with .0012 per day average returns?

I should buy a bunch for the next craze that drives them up to 8000 USD

It's a tough position to be in. I'm right there with ya--not even close to break even for me, though. I bought my entire setup when BTC was about $13k. Now the Avalon6 is selling for half what I paid on eBay--not sure if it's even recommended to buy them on eBay, though.

Anyway, the temptation is to buy another one at half what I paid to "feel" like I'm averaging out what I paid over both miners... Sounds like a stretch, huh?

[kano]

...
the new 7nm chip is comming hard to know what machines but the effincy is gona double

7nm is marketing, not reality.

As I've said before, I bought a new server at home recently, for pool development and testing, latest Xeon chips - 14nm.
Current mining hardware from Bitmain and Canaan is all 16nm.
Latest GPUs are 16nm also with expectation to go to 14nm next.

7nm mining hardware is a long way away.

I'd expect the next mining hardware to be 14nm since there are issues going below that, that I'd expect any company to be foolish to risk doing mining chips below 14nm yet.

Edit: and just for fun: wikipedia says atoms are 0.1nm to 0.5nm

[BSGMiner]

Ya know, I'm actually rooting for Sidewinder. I hope he gets his 3 full BTC giveaway over the next handful of blocks and spreads the word about the opportunity to be had here.

Three cheers for Sidewinder!

[heartlandmining]

I bet you they still put them on two different waybills and you end up paying multiple brokerage fees.  Instead of listing multiple items on the same waybill.

I re read it, those are only 13 TH as well.

Their sales fine print states that they ship together - bullet 4 in the notes.

[BSGMiner]

Back to 60PH! Let's hope it sticks this time.

EDIT: ...Aaaaannndd, it's gone.

[gaud]

...
the new 7nm chip is comming hard to know what machines but the effincy is gona double

7nm is marketing, not reality.

As I've said before, I bought a new server at home recently, for pool development and testing, latest Xeon chips - 14nm.
Current mining hardware from Bitmain and Canaan is all 16nm.
Latest GPUs are 16nm also with expectation to go to 14nm next.

7nm mining hardware is a long way away.

I'd expect the next mining hardware to be 14nm since there are issues going below that, that I'd expect any company to be foolish to risk doing mining chips below 14nm yet.

Edit: and just for fun: wikipedia says atoms are 0.1nm to 0.5nm

https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/
article on 7nm boards for btc mining ready mid year public end of 2018