KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2436 blocks

[thedreamer]

I sleep 5-6 hours a day

Payout 376320 sent
ab0127dc349c993d128a8da3bcc954955ad2c86d19f6e7b13c47650818b6759d
awaiting confirm

Edit: and while doing that payout I found an anomaly
A high hash rate that suddenly got no payout.
So I went and checked the address on their shift page ...

Heh nice - someone put around 460THs on the pool, for almost 8 hours only, (11 shifts) about 9 days ago.
So their payout spiked up and then in the end spiked back down again due to the very short time frame of their shares.
That made it easy to see, on the shift page, their total payout ...

They averaged ~460THs for 11 shifts with a total payout greater than 130% PPS

You know I don't complain about payments, no worries there, but usually after you post a payment being sent it's in my wallet soon after.
I am missing 376244 and now also 376320. RutRoh..

-tD

[kano]

Payout 376320 just confirmed now.

[thedreamer]

Payout 376244 sent
c19c66c25e5d8adb25bed806b1195a70aa892f0f8f9b103858a5b49b25cb83f2
and confirmed just now

https://www.blocktrail.com/BTC/tx/c19c66c25e5d8adb25bed806b1195a70aa892f0f8f9b103858a5b49b25cb83f2
You'll see your address there also.

Yeah I see it there, but no payment for 376244 still.

However I received 376320 already. What the heck..

 

[kano]

Payout 376244 sent
c19c66c25e5d8adb25bed806b1195a70aa892f0f8f9b103858a5b49b25cb83f2
and confirmed just now

https://www.blocktrail.com/BTC/tx/c19c66c25e5d8adb25bed806b1195a70aa892f0f8f9b103858a5b49b25cb83f2
You'll see your address there also.

Yeah I see it there, but no payment for 376244 still.

However I received 376320 already. What the heck..

 

I guess you'll need to check with whoever provides your wallet.
As per the link I PMd you with your address, the transactions for both are confirmed and should be visible in your wallet.

[thedreamer]

I guess you'll need to check with whoever provides your wallet.
As per the link I PMd you with your address, the transactions for both are confirmed and should be visible in your wallet.

Yeah I checked my account it's all fine. The last payment I got already. That's why weird I'm missing the previous one.

I'm using Bitcoin Core. Is there someone to ask about this?
Meanwhile I'll try re-installing and downloading the blockchain again. (LOL that'll take days).

OTOH, I love the streak the Pool's on again. :-)

[kano]

I guess you'll need to check with whoever provides your wallet.
As per the link I PMd you with your address, the transactions for both are confirmed and should be visible in your wallet.

Yeah I checked my account it's all fine. The last payment I got already. That's why weird I'm missing the previous one.

I'm using Bitcoin Core. Is there someone to ask about this?
Meanwhile I'll try re-installing and downloading the blockchain again. (LOL that'll take days).

OTOH, I love the streak the Pool's on again. :-)

No idea why it doesn't show up for a core bitcoind.
There's nothing special about the transaction - and it's about the same size as all the others.
Shows up OK in my home wallet.
I guess you need to get it to recalculate the balances.

On startup you use:
-rescan                Rescan the block chain for missing wallet transactions on startup

[thedreamer]

I guess you'll need to check with whoever provides your wallet.
As per the link I PMd you with your address, the transactions for both are confirmed and should be visible in your wallet.

Yeah I checked my account it's all fine. The last payment I got already. That's why weird I'm missing the previous one.

I'm using Bitcoin Core. Is there someone to ask about this?
Meanwhile I'll try re-installing and downloading the blockchain again. (LOL that'll take days).

OTOH, I love the streak the Pool's on again. :-)

No idea why it doesn't show up for a core bitcoind.
There's nothing special about the transaction - and it's about the same size as all the others.
Shows up OK in my home wallet.
I guess you need to get it to recalculate the balances.

On startup you use:
-rescan                Rescan the block chain for missing wallet transactions on startup

I'm downloading the blockchain now so we'll see. Hopefully it'll be done tomorrow.

[gecox22]

So nice hitting two blocks today!

[kano]

The latest pool performance is completely dope, i joined at the 666.666% block and since then overall we've had sick luck. Who made a pact with the Devil? *Eye people around suspiciously*;



I mean you got to notice the irony. We get a 666.666% block and then we get the devil's luck. Oh well, well done pool.

Well that 666.666% block is still part of the last 100 block stats (it's outside the last 50 blocks now)

Well - I'll break my rule about other pools

Clearly our pool has been sacrificing whatever is needed to the appropriate block Gods.

Meanwhile over at eligius where wizkid lies about the expected pool payouts, they had a >400% block followed by currently a >300% >350% block (and still not found) so for their 15PHs they have only one block in the last 34 hours - gotta see the irony of that - well they deserve what they get coz the people mining there are expected to be paid less than here due to their payout system and their terrible orphan rate (caused by their pool and it's terribly slow block change handling) - but I'd guess most miners there don't even understand that wizkid is lying about it.

Then on top of that our luck ... well ... over there they lose and lose again.

[VirosaGITS]

The latest pool performance is completely dope, i joined at the 666.666% block and since then overall we've had sick luck. Who made a pact with the Devil? *Eye people around suspiciously*;



I mean you got to notice the irony. We get a 666.666% block and then we get the devil's luck. Oh well, well done pool.

Well that 666.666% block is still part of the last 100 block stats (it's outside the last 50 blocks now)

Well - I'll break my rule about other pools

Clearly our pool has been sacrificing whatever is needed to the appropriate block Gods.

Meanwhile over at eligius where wizkid lies about the expected pool payouts, they had a >400% block followed by currently a >300% >350% block (and still not found) so for their 15PHs they have only one block in the last 34 hours - gotta see the irony of that - well they deserve what they get coz the people mining there are expected to be paid less than here due to their payout system and their terrible orphan rate (caused by their pool and it's terribly slow block change handling) - but I'd guess most miners there don't even understand that wizkid is lying about it.

Then on top of that our luck ... well ... over there they lose and lose again.

Haha. Hopefully being snarky on top of our laurels wont Jinx our luck from now on... Laws of average state we're due for a drought.
Let's see how we actually ride it out. We just have better overall odds because of that super automagically efficient block change code that keep the orphan count down, but still.

Well either we're being super lucky or you're padding out payouts out of your pockets! Joke

[kano]

Nah, the expected payout is better here, when ignoring luck.
I'm not including luck in my comment.
As I pointed out before:
https://bitcointalk.org/index.php?topic=789369.msg12409461#msg12409461

The orphan rate is way high at Eligius, and even when there's good luck there, they have a ceiling of 100% PPS.

Click on their web site and click on the addresses of the block finders (i.e. most are not short term miners there) ... see their payout % ...

[VirosaGITS]

Nah, the expected payout is better here, when ignoring luck.
I'm not including luck in my comment.
As I pointed out before:
https://bitcointalk.org/index.php?topic=789369.msg12409461#msg12409461

The orphan rate is way high at Eligius, and even when there's good luck there, they have a ceiling of 100% PPS.

Click on their web site and click on the addresses of the block finders (i.e. most are not short term miners there) ... see their payout % ...

And i was just jesting.

And yes with current stats, they have 220 Orphan for 9945 Blocks which equate to ~2.2% orphan rate. I'm not sure about their fee and payouts but even with 0% on Fee and TX Fee, they would still be behind vs Kano's!

[kano]

Payout 376409 sent
1723098bdf6e61e5ce64b86686fad84d5c62f7f4784c3453065a87a7bc921e2d
and confirmed

[Jake36]

Nah, the expected payout is better here, when ignoring luck.
I'm not including luck in my comment.
As I pointed out before:
https://bitcointalk.org/index.php?topic=789369.msg12409461#msg12409461

The orphan rate is way high at Eligius, and even when there's good luck there, they have a ceiling of 100% PPS.

Click on their web site and click on the addresses of the block finders (i.e. most are not short term miners there) ... see their payout % ...

Not planning on mining there, but did look at the first 1 at the top of their top hasher list (who has 66+BTC unpaid, so over $15,000 at just $230. per coin).

And looking at the payout queue, some people have to wait for 13 more found blocks to be paid for a block found a few hours ago?

Then there is this, the top of the payout queue list is an 8 almost 9 weeks waiting payout of ~.04BTC), but in that time BTC went down ~$40, so not only have they waited almost 9 weeks, but they also lost ~$1.60 in that wait before even being paid!

Why would/does anyone mine there, when you lost before even being paid?

[elokk]

Noob here....I have been watching this thread/pool and seems like the logical place to point my small hashing power (12+/- Ths). Now I need to look into the S3 updates. Thanks for providing a great alternative to all the other crap pools out there.

[innerchaos]

well I don't know the particulars of one pool over another... but I think that any PPLNS pool is thought to pay better due to no promise by the pool operator on when or if you will get paid... (Dont freak out now, let me explain...)
 With PPLNS the operator pays when the pool discovers a block, and subtracts a small fee for their trouble and to recoup expenses... usually these types of pools are in it for the love of the game. and the risk factor is pretty small for the operator but convincing people to hash generally takes some time and trust

In general a PPS type  pool pays you (theoretically) based on the hash rate you donate/send to the pool. the problem with these pools as I see it is.. the pool operator makes a commitment to pay the miner whether a block is found or not.
You can easily see that, on an Unholy block such as our 666 block awhile back.. this could cause the pool operator to owe more BTC than the pool has discovered.  So generally they pay less and charge more Fee's for their prospective risk.

as long as any pool stays in the 100% or less discovery threshold all is well.. but a PPS type pool can be upside down rather quickly if bad luck sets in and they go to >100%

No matter what pool you choose.. consider yourself a pussy Wussy because you are not going at it SOLO and trying to discover the blocks for yourselves. ( and yes I am including myself in this category )

[kano]

Yeah BAN was the classic case of PPS failure.
PPS requires a very large BTC backing to be sure to pay the miners when luck is bad.
He simply ignored the statistics provided (by Meni) of what is required to run a PPS pool.

Bad luck is expected and happens ... even here
Early in the year we had pretty bad luck, twice, for an extended period of time.
Fortunately we have evened out that bad luck with better luck

PPS also has a flaw that can hurt the pool badly, but is also, IMO, against the point of bitcoin.
PPS is paid independent of block finding.
The PPS flaw, of course, is that someone can withhold blocks (or produce no blocks) at a PPS pool and still be paid for all their work.
i.e. there is no requirement on the pool for a block to be found, to provide miners with payouts.

Yes that's already been said, but I see it from the bitcoin side: once we've done some work for bitcoin, we indeed deserve to be paid.
We are a mining pool, so we are pooling our luck and variance so that we get paid collectively, WHEN anyone finds a block, and of course that does include me also, I do mine (small), but I also get no pool fees if we don't find blocks.

Note that eligius isn't PPS.
Like here, the miners at eligius take the risk of not finding blocks.
... the risk at eligius just happens to be higher ...

[sloopy]

Out of curiosity, do you have any theories or wild guesses as to why Elgius is run the way it is? Do wizkid or Lucy Luke Joonyor have some way of sliding the money around you think? Maybe they just keep the coin which isn't paid out from the people who get frustrated and leave somehow?
I've previously wondered how much coin is left in accounts where you mine to an account and then setup a min withdrawal, but although I've never mined at Elgius I think you mine to an address don't you?

I'm not seriously saying unLuscious Lucy Luke and wiz are stealing because I have no proof and am purely speculating based off why anyone would operate a pool with those stats? If I consider other pools which I have seen run with poor stats in the end they were indeed stealing to make their hash go round. Like BAM, basic ponzis. Not even elaborate. When I consider any payment method other than paying me for the blocks we discovered after 101 confirmations.

Sersly, does one need trust for a trustless currency? Me thinks not. Besides, aren't the ones you trust and respect the ones who don't require trust to do business?

[PCComf]

What I don't get about CPPSRB payment system is that there are so many people willing to take an absolutely guaranteed <100% of PPS when they can mine on almost any other pool and have some chance of >100% PPS if luck is good over a given range. It's impossible to make more than PPS at CPPSRB, but as we all know mining here, we're way above PPS. Not that it is likely to continue forever, but I prefer to take my chances at hitting 100% rather than a guaranteed fail.

What I don't like about the slush payment system is that a sudden drop off in hash, such as during a power outage, can significantly reduce or even eliminate a payment for a subsequent block find. Arguably you weren't doing work when the block was found, so tough for you, but the payment method doesn't reward long-term loyalty like PPLNS, N=5 does.

The cool thing about eligius is the generated payments, but as has been mentioned here recently, it comes at a price to the pool's performance. Plus it means the pool holds funds longer than it really ought to for anyone who hits the 0.04 threshold before they are in the payout window, usually somewhere more than 4 days although at times it has been much longer. There's also always a pretty sizable cache of coins owed to miners should they decide to take their pool down and go home. Well, wizkid is a pretty solid guy so no one should expect it, but it does require more trust to those people who are owed coins. I do have a concern with people who do expensive things (run a large mining pool) for supposed altruistic reasons (no fee) yet are entrusted with hundreds or even thousands of coins.

I'm happy with the pool size here and the regular improvements that shows the interest Kano has in the success of the pool. Although finding more frequent blocks would be a wash for miners, it would certainly be good for Kano, and I want it to be profitable to him so he continues to run and improve the pool. Thanks for the great pool!

[PCComf]

Out of curiosity, do you have any theories or wild guesses as to why Elgius is run the way it is? Do wizkid or Lucy Luke Joonyor have some way of sliding the money around you think? Maybe they just keep the coin which isn't paid out from the people who get frustrated and leave somehow?
I've previously wondered how much coin is left in accounts where you mine to an account and then setup a min withdrawal, but although I've never mined at Elgius I think you mine to an address don't you?
[snip]

I know you didn't ask me the question, but my guess is that it is run for the primary purpose of having influence in the Bitcoin community. Secondarily, they can push or test things like transaction spam filtering using other people's hash. Not saying those reasons are good or bad, just saying it is my theory.

Your only account there is the address that you mine with (username). Stats are completely open. They don't pay out accounts with what they consider to have dust in them and no shares for 4 weeks. Dust meaning less than 0.01 (TBC - don't ask, just pretend I said BTC). Also keep in mind that CPPSRB shares that pay out days or weeks later will reset the clock on that 4 week window. They probably make something from the dust, but nothing hugely significant I would guess. They also probably make a very small amount from Namecoin that isn't claimed and any CPPSRB shares that pay out dust to abandoned addresses - probably doesn't happen too frequently, but over thousands of addresses, it's probably measurable.

There's no way they could break even on expenses unless they simply stopped the pool. If Kano suddenly stopped the pool and disappeared, no one would lose more than their portion of outstanding block finds that hadn't finished 100 confirmations to be eligible for the manual payout. If eligius suddenly stopped and disappeared, some people would lose a lot more than 25 BTC - meaning that eligius would have walked away with it. Hence the trust the miners have in the operators. Like him or not, given Luke's ethical background and Wizkid's reliability and dependability in conistently fixing pool problems, I would not expect the pool to disappear without compensating those owed. But it could happen and the take would be significant.