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Author Topic: [30-400PH] KanoPool kano.is 0.9%fee 3.9of10BTC giveaway 🐈 US,NL,JP,NYA,OR,DE,SG  (Read 5211982 times)
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Pyrojason
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February 14, 2019, 04:52:11 AM
 #43981

Looks like I missed out on some firey math talks with angry questions and lack of reason on one side and logical answers on the better side.  Tongue

Look here for that... Cheesy

https://bitcointalk.org/index.php?topic=5108666.0
Ug! Bleh what a link.  Grin
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BSGMiner
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February 14, 2019, 02:17:34 PM
 #43982

Looks like I missed out on some firey math talks with angry questions and lack of reason on one side and logical answers on the better side.  Tongue
Look here for that... Cheesy

https://bitcointalk.org/index.php?topic=5108666.0
Ug! Bleh what a link.  Grin
I read it and lived to tell the tale! (Much popcorn required) Wink

The BTCest mining pool (<1% fee): KanoPool
***PPLNS payouts averaged over the 5Nd to reduce variance***
Stryfe
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February 14, 2019, 05:43:41 PM
 #43983

where are the blocks? Bring on the blocks! Smiley

Happily mining at https://www.kano.is
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jabchest
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February 16, 2019, 06:57:41 PM
 #43984

yaaaaaah
Where are the blooocks, wth. Sorry Kano but this is painful.
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February 16, 2019, 08:41:09 PM
 #43985

yaaaaaah
Where are the blooocks, wth. Sorry Kano but this is painful.

What are you talking about? Blocks are discovered by pure luck, if you want a higher frequency, bring more hashrate to the pool.

Bring an Exahash and everyone would earn more than on any PPS pool right now. So why are some fools still mining on PPS pools? Because they can't manage themselves. The largest miners are the ones who benefit more from PPLNS.

Frequency of block discovery will not increase or decrease your profits, but will reduce the variance in a given period, to the point it will almost look like PPS but better paid (and risk free).

So bring those whale miners here if you want higher block frequency. Whining at Kano is like yelling at the dice for not getting a double 6...

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February 16, 2019, 09:07:06 PM
 #43986

Whining at Kano is like yelling at the dice for not getting a double 6...

Which gamblers often do.

Mine at pools that pay transaction fees & don't mine empty blocks :: kanopool :: ckpool ::
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Stryfe
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February 18, 2019, 08:39:37 PM
 #43987


What are you talking about? Blocks are discovered by pure luck, if you want a higher frequency, bring more hashrate to the pool.

Bring an Exahash and everyone would earn more than on any PPS pool right now. So why are some fools still mining on PPS pools? Because they can't manage themselves. The largest miners are the ones who benefit more from PPLNS.

Frequency of block discovery will not increase or decrease your profits, but will reduce the variance in a given period, to the point it will almost look like PPS but better paid (and risk free).

So bring those whale miners here if you want higher block frequency. Whining at Kano is like yelling at the dice for not getting a double 6...

totally agree but for some that have to pay the electric and without a decent reserve, several weeks with no payouts can wreck them. Some of them need the steady payouts to just stay afloat - for them, large pps pools might be a better idea but I do agree that pplns is way better and if we could quadruple the pool hash rate, we would be killing any/all pps pools in payouts.

but long run, like you said, the luck will work out and their net payments should be pretty much equal either way they go. It is all about that luck Smiley

Happily mining at https://www.kano.is
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February 19, 2019, 02:31:16 PM
 #43988


What are you talking about? Blocks are discovered by pure luck, if you want a higher frequency, bring more hashrate to the pool.

Bring an Exahash and everyone would earn more than on any PPS pool right now. So why are some fools still mining on PPS pools? Because they can't manage themselves. The largest miners are the ones who benefit more from PPLNS.

Frequency of block discovery will not increase or decrease your profits, but will reduce the variance in a given period, to the point it will almost look like PPS but better paid (and risk free).

So bring those whale miners here if you want higher block frequency. Whining at Kano is like yelling at the dice for not getting a double 6...

totally agree but for some that have to pay the electric and without a decent reserve, several weeks with no payouts can wreck them. Some of them need the steady payouts to just stay afloat - for them, large pps pools might be a better idea but I do agree that pplns is way better and if we could quadruple the pool hash rate, we would be killing any/all pps pools in payouts.

but long run, like you said, the luck will work out and their net payments should be pretty much equal either way they go. It is all about that luck Smiley

The PPS pools act as a "reserve" for them, but that comes at a price of higher pool fees and the possible loss of the money "in transit", in case they get "hacked" or the pool it does not (really) have the proper reserve to withstand an extended bad luck period (or a combination of).

I guess a day/week loss of payment for a single asic miner isn't much to worry, but the whale miner would lose a fortune. Ironic they rather take the risk than learn to manage themselves. If the PPS pool fails a payment, then they would fail with it. Essentially you are trusting the pool like you would trust a bank, hope they can keep that "reserve" safe... And how can you audit if your PPS pool has the appropriate reserve levels?

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February 19, 2019, 05:23:40 PM
 #43989


The PPS pools act as a "reserve" for them, but that comes at a price of higher pool fees and the possible loss of the money "in transit", in case they get "hacked" or the pool it does not (really) have the proper reserve to withstand an extended bad luck period (or a combination of).

I guess a day/week loss of payment for a single asic miner isn't much to worry, but the whale miner would lose a fortune. Ironic they rather take the risk than learn to manage themselves. If the PPS pool fails a payment, then they would fail with it. Essentially you are trusting the pool like you would trust a bank, hope they can keep that "reserve" safe... And how can you audit if your PPS pool has the appropriate reserve levels?

agreed. for me it makes no sense why miners with huge hash rates would do a pps vs pplns -- i do understand why small miners do though.

Happily mining at https://www.kano.is
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Herv12
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February 20, 2019, 06:41:32 PM
 #43990

Hello,
PPS pools have higher official fees, but that's not all.
If you try to work for them, you will notice that they tax you in a hidden way too: Your mean hashrate displayed by the pool will be lower than on a non pps pool.
They rarely pay the benefits of the transations.
You usually have 5% of Fee on PPS versus 1%  to 2.5% for non-PPS pools.

On the other hand, you are paid, whether the pool is lucky or not.

This large fee permits to pps pool to have reserves.

The risk for them is a block retention attack by an important thief miner. In addition to the cost of a failure fully supported by the pool, a PPS pool is particularly exposed to this risk
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February 20, 2019, 11:27:45 PM
Merited by NotFuzzyWarm (2)
 #43991

2 minutes of nothing but invalid shares and you'll get disconnected. That's not the same as stale shares. No proper cgminer would ignore the difficulty sent to it and continue sending fucked up 10 diff shares, unless you're using some broken shit arse fork, of which there are lots of I guess.
Thanks! I disabled stale share submission and everything seems to be normal now, continue mining as usual, but less dramatic now, with no disconnects. Yeah I agree I must have some shitty fork. But it at least works for now Smiley
I've quoted a post from another pool thread, coz I'm sure, like me, many of you will read the various pool threads to keep up to date on the status of the various pools and also read the software and hardware Bitcoin threads to know what's going on.
(Though be careful, the paedophile who runs that thread, called me a stalker for doing that, so you too may be called a stalker by a forum mod for reading multiple threads ...)

Anyway, the important point to note about the post I've quoted above, is that the answer is completely wrong.

Never disable stale share submission in a miner ... ever.

This can lose blocks.

This is one of the very brain dead things that Bitmain did in their clones of cgminer before the S9 - that I fixed in the S1/S2/S3 versions I created.
They throw away stale shares to make the stale share counts look better.
But this also throws away stale blocks, which can become valid blocks if the pool handles them using the change I requested in Bitcoin that core implemented a couple of years ago.
Now I will also say, that I didn't request the change from core for that reason, but it was discussed in the issue on the Bitcoin github when I brought it up.
We do also attempt to convert stale blocks to a valid block.

... and another forum mod has merited that post.
Why on earth would someone do that ... ... ... Huh

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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February 22, 2019, 06:20:36 AM
 #43992

A small joke, don't get mad...

Knock-knock
Who is there?
A block
Block who?
...
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February 22, 2019, 08:31:44 PM
 #43993

Block by Rabinovitch with 140TH...nice! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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February 22, 2019, 08:32:44 PM
 #43994

woohoo! a block! let's keep this rolling!

Happily mining at https://www.kano.is
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February 22, 2019, 09:45:51 PM
 #43995

Block by Rabinovitch with 140TH...nice! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

Great news, let them keep coming!


This has been a bad luck month eh? But not for long Cheesy

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February 22, 2019, 10:15:07 PM
 #43996

A small joke, don't get mad...

Knock-knock
Who is there?
A block
Block who?
...

Your Joke worked! Lol Cheesy. Keep them coming!  Cheesy
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February 22, 2019, 10:20:08 PM
 #43997

Block by Rabinovitch with 140TH...nice! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

Great news, let them keep coming!


This has been a bad luck month eh? But not for long Cheesy

In the big pools the luck has been just as shitty lately. Just a bad luck season or something.
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February 22, 2019, 10:32:44 PM
 #43998

Block by Rabinovitch with 140TH...nice! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

Great news, let them keep coming!


This has been a bad luck month eh? But not for long Cheesy

Actually, 4 blocks out of 5.4 expected so far is not that bad or unlucky.  We have to remember that a 100% block for our pool size is a little over 6 days.  Since we had 3 rather quick blocks right at the start of February this 339% block was not out of the realm of normal and we have a real shot of a good February. Smiley

I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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February 23, 2019, 04:40:31 AM
 #43999


Actually, 4 blocks out of 5.4 expected so far is not that bad or unlucky.  We have to remember that a 100% block for our pool size is a little over 6 days.  Since we had 3 rather quick blocks right at the start of February this 339% block was not out of the realm of normal and we have a real shot of a good February. Smiley

no it is not - one more and we will be right where it is estimated to be - but if you go back as far as the table shows, I think we are about 8 blocks or so below expected.

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February 23, 2019, 08:53:23 AM
 #44000

Block! by glasshopper Cheesy
Welcome to the acclaim board!

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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