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

[zahzin]

Just my humble opinion, but the 5N payment method is what has interested me to mine on Kanos pool, as no one else offers such a service as far as I know of.

If you want something else for payment scheme, there are many other pools that are maybe more to your taste, but for me with my old Ant S2 miners this has been a valuable service.

And I am in it for the long run, not changing pools anymore, just letting them run here, you get the most benefit when you reach the 5N potential.

I maybe incorrect on these things, if so, Kano will likely let me hear it

But still I think no one else is offering this kind of great payout scheme and pool, and am very glad for the service he provides and with very low fees for the miners..

Edit: and not to mention all the wisdom Kano dispenses concerning the finer points of bitcoin/mining.. Also thanks to CK as well..

-Thankful miner.

[jonnybravo0311]

I would ask you back why my shares are worth less than your shares.  Let's say I rent 1PH/s for a day.  For the sake of argument, let's say I get 1 billion shares.  That's all I can afford for the week.  You, on the other hand rent 200 TH/s a day for 5 days.  You get the same 1 billion shares.  However, because you mined longer to get exactly the same number of shares, you think you should be paid out more than me?

Humm...   Guess I am not understanding your question.   Don't see how one is worth more then the other.    BUT, yes, if your one billion shares never produced anything, you still have a chance to earn 70% average of it if others continue to mine for you, but in actuality, you are no longer mining, so why do you think you are entitled to be paid at possibly 100% plus yet if others got lucky for you?

Why would I not be entitled to earn full value for the shares I submitted?  So what if I'm no longer mining?  I mined for a period of time and contributed to the pool's efforts towards solving a block.  What you're suggesting is that just because my billion shares happen to be older than your billion shares, that mine are somehow worth less.

[jonnybravo0311]

Just my humble opinion, but the 5N payment method is what has interested me to mine on Kanos pool, as no one else offers such a service as far as I know of.

If you want something else for payment scheme, there are many other pools that are maybe more to your taste, but for me with my old Ant S2 miners this has been a valuable service.

And I am in it for the long run, not changing pools anymore, just letting them run here, you get the most benefit when you reach the 5N potential.

I maybe incorrect on these things, if so, Kano will likely let me hear it

But still I think no one else is offering this kind of great payout scheme and pool, and am very glad for the service he provides and with very low fees for the miners..

Edit: and not to mention all the wisdom Kano dispenses concerning the finer points of bitcoin/mining.. Also thanks to CK as well..

-Thankful miner.

You might want to take a look at PPLNS pools in general.  They all offer exactly that service .  Sure, the N value may be different, but the process is the same.

Kano runs a great pool.  He's actively involved here on the forums.  He might know a thing or two about the pool's code (and the mining software most of us use)

[omega015]

Lots of people mine part time due to many things and even Kano mines part time due to his energy costs. It has also been suggested that if the pool doesn't keep up with the difficulty changes then Kano may have to reconsider the 5N, but given the last few blocks the pool found since the dif. increase then I hope there will be no need to reconsider the 5N. I am grateful for the big boys here mining and Kano for his continued work on this pool (and CK). I am very new to all this but I have read enough to see that Kano (and most others) are happy with this pool and how its setup and very few changes will be done. If its not quite what people are wanting they need to find a more suitable pool for them.

[clgrissom3]

I like this pool and and the 5N payout system...it is truly a unique mining experience that maximizes earnings over the long haul.  Think big picture here.  I have been really nervous about putting all of my hash rate here but my small tests have been pretty amazing.

[Nuttycoins]

UGGH...   guess no one is understanding me...   Or do, and don't want anything to change because of taking advantage of the current system.

It would STILL be a 5N system, with just a small adjustment to discourage pool hopping and encourage active participation.

The end result is EXACTLY THE SAME if you are active in either case.  

OK, lets take this to an extremes to try to make a point...    Say the whole pool mined 10P for 1N and didn't hit anything, and then everone left to mine elsewhere but one 10T dedicated miner.        What do you think those 10P shares would be worth now???    Not doing the math, but most likely...  NOTHING.   As the chances of that person finding a block would be highly unlikely before the difficulty becomes unbearable.

I realize this is extreme, but that is what is happening now to a lesser degree.    Going from 3P back down to 2P is sizable...     The only way to find a block is to continue mining unfortunately, no matter how much effort you did before.

I am not disparaging the pool at all....  in fact I too find it the best out there, but am just putting out an idea for Kano to consider to help him stabilize it.    Heck maybe even a 25% 1N - 15% - 5N, but don't know if that would have enough of an effect to be worth the hassle.

[jonnybravo0311]

Take a look at how PPLNS works.  By definition it discourages pool hopping.  That's why pool operators tend to use it over PROP.

What you are suggesting is that part time miners be punished.

[thedreamer]

UGGH...   guess no one is understanding me...   Or do, and don't want anything to change because of taking advantage of the current system.

Exactly.. Why would we want to change a system that works. Sorry but I'm not in it to earn less, so we can give more to others. Earn what you reap the way it is or visit another pool. :shrug:

Sounds like something Obama would want to do. Lolol.

[Nuttycoins]

Sounds like something Obama would want to do. Lolol.

LOL...   actually I think you have it backwards...   wanting someone else to carry you water now, while you are in "retirement".   

[kano]

Hey Kano,

I'm mining at your pool by a wallet address;
Is it possible to migrate my 5N from this 'wallet-user' to a fully auth username? I would like to see all those dashboard that i'm missing out xD

Thanks

It makes no difference to your reward if you just start a full account and use the same address.
You wont see the details of the address mined amounts, but the two totals are combined in the payout if they are the same address.
You can't have 2 accounts with the same address, but you can create an account that uses the same address as the other type.

Aside: yeah, in case anyone was thinking, no you can't take advantage of that and steal an address miner's rewards
It just combines them in the payout if they are the same address.

[jonnybravo0311]

Sounds like something Obama would want to do. Lolol.

LOL...   actually I think you have it backwards...   wanting someone else to carry you water now, while you are in "retirement".   

Let's use your example... I carried 100 gallons of water to the village two days ago.  You carried 100 gallons of water (25 gallons a day for 4 days).  Why is your water worth more than my water?

[PCComf]

@Nuttycoins
Slush's method already does something like this. The cool off period is faster than the warm up period, so, for example, if you have a power outage at an inopportune time you could potentially take a large hit for timing a block wrong when your intention wasn't to pool hop. What you are suggesting would do the same here. I get what you are saying, and understand your point, just disagree.

[Nuttycoins]

What you are suggesting is that part time miners be punished.

Yes, if the pool size was larger then 1N in 24 hours, that is the only rational argument that no one would be effected.

BUT, not sure if punished is the proper word...  Because if they are mining, within 1N they too would benefit from the bonus of active mining.
They could actually benefit greatly if they got lucky and hit the timing right...   Again, most likely would all come out in the wash and be ultimately equal.

[kano]

Yeah the main point of the payout is that statistically each share is expected to get the same result.
If they don't, then you can game it.
That's the problem with the Prop payout method, you mine when the shares are worth the most (the first 43% diff I think I remember it is) and don't mine at other times.

Difficulty changes throw a spanner in the works, but the side effect there could affect short term miners a bit more than long term miners, as I've mentioned a couple of times.

[Nuttycoins]

Sounds like something Obama would want to do. Lolol.

LOL...   actually I think you have it backwards...   wanting someone else to carry your water now, while you are in "retirement".   

Let's use your example... I carried 100 gallons of water to the village two days ago.  You carried 100 gallons of water (25 gallons a day for 4 days).  Why is your water worth more than my water?

BECAUSE:   You may have spilled all 100 gallons on the ground and the village is still thirsty.    If you got it there then everyone is happy including you.   If not who is going to save the village?

Think you are making my point for me.

[jonnybravo0311]

I have no idea how you twisted that into me spilling 100 gallons of water, or proving your point in any way.  I successfully carried 100 gallons of water to the village.  I did it all in one day, and that was 2 days ago.  You also successfully carried 100 gallons of water; however, you carried 25 gallons a day over 4 days.  The village now has 200 gallons of water.

Your suggestion is that because my water arrived 2 days ago, my water is somehow worth less than your water.

[omega015]

 If not who is going to save the village?

....canaan 

[kano]

 If not who is going to save the village?

....canaan 

... and their Avalon 6's

[Nuttycoins]

Yeah the main point of the payout is that statistically each share is expected to get the same result.
If they don't, then you can game it.
That's the problem with the Prop payout method, you mine when the shares are worth the most (the first 43% diff I think I remember it is) and don't mine at other times.

Yes, I understand that with Es type of system, but with something like this modified 5N, please give me an example of how NOT MINING at a particular time could benefit someone.   I see pushing shares from 1N to 2N, but you have that now, even at extreme, but trying to avoid pushing 5N off completely.

[Nuttycoins]

I have no idea how you twisted that into me spilling 100 gallons of water, or proving your point in any way.  I successfully carried 100 gallons of water to the village.  I did it all in one day, and that was 2 days ago.  You also successfully carried 100 gallons of water; however, you carried 25 gallons a day over 4 days.  The village now has 200 gallons of water.

Your suggestion is that because my water arrived 2 days ago, my water is somehow worth less than your water.

We seem to be heading down a rabbit hole...     IF you carried the water there what the H are you worried or complaining about?   You got paid for it, with a small bonus of not having to wait as long to get paid.

Either you got it there, or you spilled it.   

IF you and I BOTH made it there...   We both end up getting paid EXACTLY the same thing.    100% !