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

[clgrissom3]

Block! by Canaan!

Thanks Canaan!  This is our 1st of BLOCK FRIDAY!

[1714290658]

1714290658

[1714290658]

1714290658

[1714290658]

1714290658

[BSGMiner]

Block! by Canaan!

Thanks, Canaan, for the block and the miners!

Also it was only 327% which is expected, on average, over a large number of blocks, about 1 in 26.3 blocks (on all pools) to be worse than that.

As for the month so far, we're less than 1 block behind (0.36 to be exact) - so nothing to be concerned about.

Thanks, Kano, for the math(s) and the pool!

[Kenni88]

Block!

[VRobb]

Cheers to 1FX... for block cracking action!  
That's the third one in just over 2 weeks.  Mine ON! 

[BSGMiner]

Cheers to 1FX... for block cracking action!  
That's the third one in just over 2 weeks.  Mine ON!  

Dude's killin' it!

Too bad he probably ramped down out of the BTC giveaway range...

Hoppers gonna hop!

[Steamtyme]

I hadn't paid attention to that. Did 1fx leave?

Was there any stipulation to the giveaway, that you had to stay for a  certain amount of time?

[kano]

I hadn't paid attention to that. Did 1fx leave?

Was there any stipulation to the giveaway, that you had to stay for a  certain amount of time?

Rules are all there in the first post.

... but you can't find a block while ramping down unless you are still mining
However, he has ramped down to below 2PH, so no giveaway for him on that one.
But he's on the way back up again.

[BSGMiner]

I hadn't paid attention to that. Did 1fx leave?

Was there any stipulation to the giveaway, that you had to stay for a  certain amount of time?

Rules are all there in the first post.

... but you can't find a block while ramping down unless you are still mining
However, he has ramped down to below 2PH, so no giveaway for him on that one.
But he's on the way back up again.

Yeah, I thought he fell off for a short time but glad to see him back.

Hope he gets another once he's ramped up enough!

Edit: Dude?! Where'd he go again??? Guy's like a ninja!

[BSGMiner]

Not sure if anybody else caught wind of this old thread out there, but I couldn't leave it without at least trying to set the record straight. Gotta defend the KanoPool honor, of course.

The only way to 'lose' any shares/shifts on Kano's pool is if a block takes over 500% since the PPLNS is set to 5Nd (i.e. 5x the current network difficulty). In that specific case, any shares submitted prior to the current 5Nd will not be considered in the look-back period for anyone's portion of the new block reward. Exponentially more frequent, though, is the case that your shifts are being rewarded over and above 100%--something impossible with PPS pools (barring the interesting claim of Antpoo's 0% fee plus a 16% bonus).

And, just for the record, I started mining at KanoPool in January 2018 with an Avalon 6 (3.6TH/s), and I've been over the 0.00010000 BTC dust threshold since my very first reward. The first one was super close, but it was paid out just the same.

Finally, to answer your--and probably others'--question about ramping up to your miners' advertized hashrate: all hashrate--added all at once or increased over time--must ramp up over a full 5Nd until it 'feels' like you're instantly getting the full reward for your portion of the work. I say 'feels' since--assuming luck stays at 100%--you'll always get paid 5/5ths of your total work, but if you're still ramping up, you'll get 1/5 now and 4/5 later; 2/5 now and 3/5 later; etc.

*** The easiest-to-understand analogy I can give on how PPLNS works is how some employers used to withhold your first paycheck; however, even after you quit, you still get yet another paycheck--except with PPLNS, they would average how much you worked over the past five (5) weeks, for example. This is why the initial ramp-up scares miners into thinking they're not getting/losing part of their payout. It's just because they're probably still in the first 100% of the 500% look-back period and don't understand that even if they were to stop mining right then and there that they will still continue to get that same 1/5 payout for however many more blocks the pool finds over the next 400% (e.g. Four (4) more blocks = the remaining 4/5 of your reward).

Lastly, Kano is expecting to complete the accounting code and pay out dust by the end of this year. I'm sure the BTC is safe and sound until the time comes to pay it out. I wouldn't mine there if I didn't trust Kano.

Sincerely,
A Kano Shill

<Drops mic>

[bronder]

Is it just me or have S9's dropped A LOT in prices since I last checked ebay? I see some going for less than $300 with and without PSU. Those used to be S7 prices not long ago. What is going on? Did I miss something?

[Hannu]

Block! by Canaan!

Thanks, Canaan, for the block and the miners!

Also it was only 327% which is expected, on average, over a large number of blocks, about 1 in 26.3 blocks (on all pools) to be worse than that.

As for the month so far, we're less than 1 block behind (0.36 to be exact) - so nothing to be concerned about.

Thanks, Kano, for the math(s) and the pool!

I need to Avalon 841, 741, 831, 821 and/or blockie.  
I`m from Finland, like Haggs.

[kano]

Cheers to 1FX... for block cracking action!  
That's the third one in just over 2 weeks.  Mine ON! 

... and while processing the payout for that, I only just now noticed that was an asicboost block - our first.
i.e. with a block version != 20000000

[tim-bc]

Is it just me or have S9's dropped A LOT in prices since I last checked ebay? I see some going for less than $300 with and without PSU. Those used to be S7 prices not long ago. What is going on? Did I miss something?

Yes, S9i 14.5th is only $361 new from bitmain. With a $55 coupon this makes the S9 very cheap now.

[BSGMiner]

Cheers to 1FX... for block cracking action!  
That's the third one in just over 2 weeks.  Mine ON! 

... and while processing the payout for that, I only just now noticed that was an asicboost block - our first.
i.e. with a block version != 20000000

Yay! Functional and regression testing wins again!

[BSGMiner]

Is it just me or have S9's dropped A LOT in prices since I last checked ebay? I see some going for less than $300 with and without PSU. Those used to be S7 prices not long ago. What is going on? Did I miss something?

Yes, S9i 14.5th is only $361 new from bitmain. With a $55 coupon this makes the S9 very cheap now.

Aaaaand, they're basically break-even these days.

[Kenni88]

Block by Bluelagoon

[rifleman74]

Is it just me or have S9's dropped A LOT in prices since I last checked ebay? I see some going for less than $300 with and without PSU. Those used to be S7 prices not long ago. What is going on? Did I miss something?

Quite a few people are giving up on mining and just dumping their gear.   If you have the space, makes it much better for those of us who continue!

[BSGMiner]

Block by Bluelagoon

Thank ye!

[kano]

Block! by cryptostarusa

[BSGMiner]

Block! by cryptostarusa

Alright! Widening our margin above expected for the month now.