KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2437 blocks

[thedreamer]

As a colonel used to tell me, 'It's way above my pay grade'.  

I'm lucky I grasp the concept of hashes, still learning about all of this.

All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.

Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.

[sorry2xs]

As a colonel used to tell me, 'It's way above my pay grade'. 

I'm lucky I grasp the concept of hashes, still learning about all of this.

All I know is, with Eligius, I had to wait 8 days to get paid 0.11BTC which was about 4-5% or so above normal earnings so I stopped sending hashes there for now at least.
No ill feelings, just don't like waiting for earned income.

Don't mind giving up some to the pool owner, since I know how much servers and running sites costs and time it takes.

just how much power and bandwidth can the pool servers consume verses a 14 PH farm

[thedreamer]

just how much power and bandwidth can the pool servers consume verses a 14 PH farm
[/quote]

I don't get the question, sorry.

[sorry2xs]

just how much power and bandwidth can the pool servers consume verses a 14 PH farm

I don't get the question, sorry.
[/quote]

just how much power and bandwidth can the pool servers consume verses a 14 PH farm

I don't get the question, sorry.
[/quote]well what are the costs derrived form in running a pool,  i've been reading about pool costs, IMO since i'm a miner my self, power cost of running pool servers can"t  equal or supass that of a lets say 1 PH farm, just looking for knowledge

[Mikestang]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

[thedreamer]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.

[kano]

There are currently 2 purposes for Bitcoin to mining.
1) increase the number of blocks in the blockchain to increase the security of previous blocks
2) confirm transactions

If no one confirmed transactions there would be no use for bitcoin.
You cannot ignore 2) in any argument unless you are trying to step around it.

Saying that the block reward of 25BTC outweighs the importance of confirming transactions is simply bad for bitcoin.



Should people who solo mine always mine empty blocks?
The % of blocks found by small solo miners is small compared to the total number of blocks found - so should that matter?

I say it does in all cases, both 1) and 2) have equal priority since they are both critically important to bitcoin.

Now there's yet another point about this "argument" that some may not realise.
That other pool that sends out empty blocks to their miners, had a period of time where they got lots of orphans and had trouble with the pool.
Their solution, as they posted in their pool thread, was to limit transactions to a maximum of 32 transactions per block for 5 months.
Clearly their actions speak loudly.


Also note they are simply trying to confuse the issue by saying that they must send an empty block instead of a block  with transactions.
This is rubbish. When the block changes, we send a block with whatever transactions are in the template provided by bitcoind
Their argument seems to be that they find out about the block change but their code is WAY too slow to get new work, so instead they send out an empty block while they wait for their slow pool code to get the data with transactions in it and then finally send it out ...

[kano]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.

Main server is currently about 1.5TB a month (for everything)
Obviously higher when the pool harsh rate and worker count is higher.

[sorry2xs]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.

Main server is currently about 1.5TB a month (for everything)
Obviously higher when the pool harsh rate and worker count is higher.

that is a lot of bandwidth and i thought 500GB a month for the Bitcoin Node is nothing in comparison, but I'm not sure if power wise it consumes the same as a lets say 10 PH farm.

[thedreamer]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.

Main server is currently about 1.5TB a month (for everything)
Obviously higher when the pool harsh rate and worker count is higher.

that is a lot of bandwidth and i thought 500GB a month for the Bitcoin Node is nothing in comparison, but I'm not sure if power wise it consumes the same as a lets say 10 PH farm.

No, power wise it's just one Pc. Few hundred watts at most if it's high end.

[CapnBDL]

@kano,

Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?   

[sorry2xs]

A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block.  The "cost to run" each is not a valid comparison at all.

The biggest cost in running a pool properly is probably your time involvement.

Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.

Main server is currently about 1.5TB a month (for everything)
Obviously higher when the pool harsh rate and worker count is higher.

that is a lot of bandwidth and i thought 500GB a month for the Bitcoin Node is nothing in comparison, but I'm not sure if power wise it consumes the same as a lets say 10 PH farm.

No, power wise it's just one Pc. Few hundred watts at most if it's high end.

so in the Bitcoin mining industry the hardware miner caries the largest financial burden versus the pool operator,with that said the miner can exist alone while the pool can't exist without the hardware owner.

[sorry2xs]

@kano,

Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?   

i have seen over 100 hours,and i stayed

[CapnBDL]

@kano,

Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?    

i have seen over 100 hours,and i stayed

Oh...I'm not going anywhere...just curious.

edit; I'm one of those guys that sit here and watch it work......for flippin' hours   

[kano]

@kano,

Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?    

I don't pay much attention to 'time' since that is a factor based on pool hash rate.
If the pool hash rate is ~half then you'd expect to be rewarded ~twice as much each block if you mine 24/7

Luck is (of course) the factor that determines how much reward you get and luck is of course calculated from the Diff% of each block.
Time isn't directly a factor in that.

The biggest diff block was almost 600%:

Code:

115	340609	25.34386957	2015-01-26 23:39:24+00	Matured	261,188,857,971	593.99%	0.997
114	340240	25.01100043	2015-01-24 02:00:23+00	Matured	 10,794,121,301	 24.55%	0.218

There have only been 3 blocks above 400% so far

Code:

27	332679	25.07887994	2014-12-03 08:42:26+00	Matured	210,195,362,931	525.39%	0.995
26	331660	25.02974871	2014-11-26 06:30:14+00	Matured	 21,660,722,086	 53.75%	0.416
25	331574	25.08583029	2014-11-25 14:29:15+00	Matured	162,541,112,576	403.33%	0.982
24	330642	25.08259284	2014-11-19 00:16:20+00	Matured	 90,569,839,601	224.74%	0.894

[CapnBDL]

@kano,

Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?   

I don't pay much attention to 'time' since that is a factor based on pool hash rate.
If the pool hash rate is ~half then you'd expect to be rewarded ~twice as much each block if you mine 24/7

Luck is (of course) the factor that determines how much reward you get and luck is of course calculated from the Diff% of each block.
Time isn't directly a factor in that.

The biggest diff block was almost 600%:

Code:

115	340609	25.34386957	2015-01-26 23:39:24+00	Matured	261,188,857,971	593.99%	0.997
114	340240	25.01100043	2015-01-24 02:00:23+00	Matured	 10,794,121,301	 24.55%	0.218

There have only been 3 blocks above 400% so far

Code:

27	332679	25.07887994	2014-12-03 08:42:26+00	Matured	210,195,362,931	525.39%	0.995
26	331660	25.02974871	2014-11-26 06:30:14+00	Matured	 21,660,722,086	 53.75%	0.416
25	331574	25.08583029	2014-11-25 14:29:15+00	Matured	162,541,112,576	403.33%	0.982
24	330642	25.08259284	2014-11-19 00:16:20+00	Matured	 90,569,839,601	224.74%	0.894

    Wow.....didn't mean for you to get hightech on me....a simple 6 days or whatever would have worked.       But your answer is much better.

[tlhIlwI]

It is the first cooler day there has been here in a while (The miners are showing 18C coming in instead of 30C).  I'm getting tired of waiting for this block so I just tossed an extra 600W at the rig while the temps allow.  It certainly isn't at the optimal efficiency so I hope luck will allow this extra hash get rewarded more than 5 times. 

Who called off the last block party anyway?

[sorry2xs]

soon network hashrate over 400 PH/s

[Mikestang]

so in the Bitcoin mining industry the hardware miner caries the largest financial burden versus the pool operator,with that said the miner can exist alone while the pool can't exist without the hardware owner.

The hardware miner also reaps the biggest reward, you have to weigh that into account and look at net cost, not gross.

[alh]

I have a question that really isn't specific to this pool, but I'll ask here anyway:

What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".

Any thoughts on this, or does this need to go to a different thread?