KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[CapnBDL]

is the pool down?

Seems to have done a restart...back up now.

[kano]

is the pool down?

Seems to have done a restart...back up now.

Yes, an unexpected restart.
Would have been some failover caused by it - but everyone is back now.

[os2sam]

So your saying that since the network as a whole had a period of bad luck, people shut down 70ph of hash during that time? Hash is Hash in the network, good luck or bad luck does not change how many miners are connected.

Nobody has any clue as to what the actual network hash rate is.  It can only be estimated based on the rate blocks are solved.

[kano]

Payout 368163 sent
69fc5f73298a5f03d54c693abd95c7f6c30877cea1beff9fad32cb052780fd94
and confirmed

[PPOC]

So your saying that since the network as a whole had a period of bad luck, people shut down 70ph of hash during that time? Hash is Hash in the network, good luck or bad luck does not change how many miners are connected.

Nobody has any clue as to what the actual network hash rate is.  It can only be estimated based on the rate blocks are solved.

I see, did not know that. I figured there was a way to measure network hash rate by all the nodes that are connected. Did not know that network hash rate is only estimated based on block solve rate. Makes sense, thank you!

[kano]

I cant for the life of me understand why anybody would use F2pool they currently pay .0092 and then they hit you with a 4% fee... leaving you with about .0088 per TH/s per day, then you have to wait 24 hours after that for a payout...  

I must be missing something.. because that many users cant be that stupid sorry, I probably should not call them names


oh and BLOCK YAY

We pay 0.0092, not 0.0088. We also pay 0.0739 NMC per TH/s. So the real fee is much like 2.2% instead of 4%.

Right and the fee here is 0.9% but the average block has been 25.116 BTC since the pool started
(well the last 50 average has been a lot higher at 25.20 BTC ... but anyway)
... and so far orphans have been 2 in 296 blocks.

So what's our expected payout when luck is 100%?

(25.116 / 25) * ( 1 - (2 / 296) ) * 0.991 =

1.00464 * 0.99324 * 0.991 = 0.98887 i.e. kano.is 98.89% PPS more than 1% more than f2pool's 97.8%

Also ....... long term pool luck (since the start) is ... kano.is 102.72% not 100% ... so we've averaged quite a bit higher than 98.9% ... ... ...

Also ....... the last 50 block luck is currently ... kano.is 110.17% even well above 102.72% ... ...

Yeah I have no idea why people mine at your pool

... and I'll add that: I have also no idea why anyone would consider NMC worth anything when F2Pool mines 75% of them, thus the coin security is effectively zero.

F2Pool risks SPV mining purely for profit and mines empty blocks, and does not care what effect that has on BTC, and has absolute control over an alt-coin ... wow gotta love the scams in the alt-coin world ... which is why this pool will not merge mine alt-coins.

Hopefully the value of NMC vs BTC will fall to zero once the fools who consider it has value, open their eyes and realise it has none ... and the coin will die.

[pekatete]

F2Pool risks SPV mining purely for profit and mines empty blocks, and does not care what effect that has on BTC, and has absolute control over an alt-coin ... wow gotta love the scams in the alt-coin world ... which is why this pool will not merge mine alt-coins.

Hopefully the value of NMC vs BTC will fall to zero once the fools who consider it has value, open their eyes and realise it has none ... and the coin will die.

It may indeed be that F2Pool risks SPV mining purely for their selfish short term profitability aim, but calling the people who consider NMC valuable fools, is ill advised, as they are the very same kind of people that will mine at your pool, for the universally simple aim of making a profit on their mining "operation". If, as we stand, NMC tops up that profitability then why not? If it ever looses value, then that bridge will be crossed then, but that little profit earned now will be banked (akin to the proverbial make hay while the sun shines!).

And last I checked, there were a lot more people (both in individual numbers and hash-speed) choosing to mine BTC with alt-coin at other pools (even slush offers NMC now!) than kano.is, so that's telling ......

[kano]

F2Pool risks SPV mining purely for profit and mines empty blocks, and does not care what effect that has on BTC, and has absolute control over an alt-coin ... wow gotta love the scams in the alt-coin world ... which is why this pool will not merge mine alt-coins.

Hopefully the value of NMC vs BTC will fall to zero once the fools who consider it has value, open their eyes and realise it has none ... and the coin will die.

It may indeed be that F2Pool risks SPV mining purely for their selfish short term profitability aim, but calling the people who consider NMC valuable fools, is ill advised, as they are the very same kind of people that will mine at your pool, for the universally simple aim of making a profit on their mining "operation". If, as we stand, NMC tops up that profitability then why not? If it ever looses value, then that bridge will be crossed then, but that little profit earned now will be banked (akin to the proverbial make hay while the sun shines!).

And last I checked, there were a lot more people (both in individual numbers and hash-speed) choosing to mine BTC with alt-coin at other pools (even slush offers NMC now!) than kano.is, so that's telling ......

Then don't mine here. I have no issue with that at all.
I still do call those who think NMC valuable, fools.

Almost none of them are mining NMC.
They get NMC because they are under the delusion that it is free to mine since you get free NMC merge mining on BTC.
I've posted about that in detail before.

I've yet to see anywhere else in the world where people value what is given to them for free, even if they don't want it.
Alt-coins are simply the ignorance of most people to see that they are scams.
Personally I've no interest at all in supporting scams even if I make a profit doing it.
True a lot of people care not how they get their money, and who loses out because of it, but I don't fall in that category and neither does my pool.

If you don't like that, then don't mine here where you are expected to get paid more than mining at F2Pool that does merged mining of NMC and currenlty is a 75% (i.e. 51% + 24% more) attack on NMC

I also don't care to support merge mining since it clearly shows that the merged coins have no value at all.
Yes they may have exchange value due to people's pushing that they have value and those wanting them, clearly interested in getting them to sell them immediately ... to avoid the day when they have no value ... but where does that value come from? Nowhere but leverage off merged mining BTC.

[pekatete]

I've actually never mined at F2Pool, but certainly have mined here, slush and GHash (however, there are choices galore!).
BTC is not a religion for you to froth at the mouth while denigrating what the majority of people mining BTC consider good value, but I'll leave you to your own devices.

[os2sam]

denigrating what the majority of people mining BTC consider good value, but I'll leave you to your own devices.

I mined NMC with the "majority" because I had no choice, NOT because I thought it was a good value.  It's good to finally have a choice to not mine worthless alts.

Thanks for that Kano!

[pekatete]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken coin-scape). Still, no skin off the majority's nostrils.

[kano]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken landscape). Still, no skin off the majority's nostrils.

... well you missed one rather important point in my post:

F2Pool is 75% of the NMC mining and those mining there are averaging less payout than the expected average here.

... still sounds like a majority of fools to me.

[pekatete]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken landscape). Still, no skin off the majority's nostrils.

... well you missed one rather important point in my post:

F2Pool is 75% of the NMC mining and those mining there are averaging less payout than the expected average here.

... still sounds like a majority of fools to me.

You did miss that detail that I have NEVER mined at F2Pool then ... (as in no skin off my nose). Lets just say the "actual" average payout at slush is more than the "expected" average here. Now there.

[thedreamer]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken landscape). Still, no skin off the majority's nostrils.

... well you missed one rather important point in my post:

F2Pool is 75% of the NMC mining and those mining there are averaging less payout than the expected average here.

... still sounds like a majority of fools to me.

You did miss that detail that I have NEVER mined at F2Pool then ... (as in no skin off my nose). Lets just say the "actual" average payout at slush is more than the "expected" average here. Now there.

No it aint. Slush is pretty much always below averages even.

[kano]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken landscape). Still, no skin off the majority's nostrils.

... well you missed one rather important point in my post:

F2Pool is 75% of the NMC mining and those mining there are averaging less payout than the expected average here.

... still sounds like a majority of fools to me.

You did miss that detail that I have NEVER mined at F2Pool then ... (as in no skin off my nose). Lets just say the "actual" average payout at slush is more than the "expected" average here. Now there.

No it isn't.
His fee is higher and his long term luck is lower ...........

[kano]

For anyone mining as a username on the pool:
I've modified the Register and Settings pages to disallow hotmail

About 36 hours ago, email from my mail server got a "Service Unavailable" message when trying to send a message to someone with a hotmail account.
There's no information in the response as to why.
All messages to hotmail addresses since then have the same "Service Unavailable"
All previous messages went through OK
No other email adressess are having trouble

Once in the past (about 5 or 6 months ago) a person who uses my email server got a virus on their computer that sent out spam.
Once we'd sorted out the computer I then went and cleared all the spam blacklists (as is normal for how you deal with this)
hotmail had no option to clear such a block and was the only one that did not have a way to clear it.
The mail server log message back then actually implied that the block would not ever be cleared, but it did clear a day or 2 later.

I can only guess that something unexpected has triggered a block again and at this point I've decided to simply disallow hotmail
Use one of the good free email services instead

[philipma1957]

31 minutes since the network has solved a block... is that a long time or is it just me

Meh... they are all slow today

2 days ago I saw 57 minutes since the network solved a block, it was a period where about 70Ph fell off for a while, since the diff is based on network hash, then saw a large pool has issues and network looses 70ph, blocks can get quite long. I see that as an issue if say China lost all internet in a massive attack or natural disaster. Since more then 60% of all the hash is in China, we would be in deep dodo with blocks going days!

Maybe China should lose internet more often. 

They already have too much hash and could do with less. A big portion of the hash is there and it kinda feel like centralization to me.

I agree, less hash from China. But with the diff at 52+ it would take months if not years for the network diff if reduce enough to get 10 min block if 60-70 percent of the hash went away. The remaining miners would have to fork the chain to get back to 10m blocks in a reasonable time frame. My 2 cents

No, it would take to the next 2016 block re-adjustment to go down appropriately, at most two.  If we lost 60% of the hash rate today, next week the diff would adjust downward significantly and the following 2016 block adjustment would finish it off.

you are correct if 1/2 the network crashed today the time needed would double. We are 4.5 days out so that would mean 9 days. Then the next one would be about 21 days

[PPOC]

I mined NMC with the "majority" because I had no choice....

Which places you firmly in the minority (akin to extremists in this forsaken landscape). Still, no skin off the majority's nostrils.

... well you missed one rather important point in my post:

F2Pool is 75% of the NMC mining and those mining there are averaging less payout than the expected average here.

... still sounds like a majority of fools to me.

You did miss that detail that I have NEVER mined at F2Pool then ... (as in no skin off my nose). Lets just say the "actual" average payout at slush is more than the "expected" average here. Now there.

No it isn't.
His fee is higher and his long term luck is lower ...........

First off I don't use Slush anymore, I did several months back till I pointed my hash to Kano, but I did see that they dropped their 2% effective 8/1 and also started alt coin mining at the same time. But instead of giving you the alt coin, they instantly sell the alt coin and convert to BTC and add to miner rewards. Have no idea if that really makes a difference, but figured I'd chime in and make everyone aware.

Thanks,

[kano]

...
First off I don't use Slush anymore, I did several months back till I pointed my hash to Kano, but I did see that they dropped their 2% effective 8/1 and also started alt coin mining at the same time. But instead of giving you the alt coin, they instantly sell the alt coin and convert to BTC and add to miner rewards. Have no idea if that really makes a difference, but figured I'd chime in and make everyone aware.

Thanks,

https://mining.bitcoin.cz/terms-of-service
Still says 2%
(as does the wiki and the pools list here)

[kano]

Our first 'almost' block - but it wasn't good enough.

ckpool submits the share as a block if it is within a small amount of being a block just to be sure.
So it shows up on the web site, but alas not good enough.

share block was: 52123573961.901596
but current diff is: 52278304845.59168243

It will show up as an orphan, but I guess I need to label it as something else later since it's not an orphan.