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

[kano]

* kano jumps in optimistically and says ok where's the next one

[RealMalatesta]

I cheer the block (and wipe away my tears when seeing the reward for all these hours of electricity...)

[ZACHM]

I cheer the block (and wipe away my tears when seeing the reward for all these hours of electricity...)

Your not done being rewarded for them yet! The advantage of 500N!  

That is our first block since I plugged in my S7's.

[gecox22]

* kano jumps in optimistically and says ok where's the next one

Yea I know we need some short ones to make up for that long one for sure

I cheer the block (and wipe away my tears when seeing the reward for all these hours of electricity...)

Lets just hope they keep coming. Hopefully no more reds for the rest of the month. Green only please blocks gods and some one eat more chicken:)

[RealMalatesta]

Lets just hope they keep coming. Hopefully no more reds for the rest of the month. Green only please blocks gods and some one eat more chicken:)

Okay if I call chocolate, sausages, cheese and other goodies "chicken"?

[elduderino]

Maybe we just needed a wall of text to read while eating our chicken? 

Finally Block!

Yes, that was the ultimate TL;DR (except for Kano, I guess!) had to skim it, even then, took a while - I guess he had a lot to get out!
A new block-buster besides chicken and the reboots?

[gupik65]

Most recalls chicken it brings good luck!

[o_solo_miner]

Lets just hope they keep coming. Hopefully no more reds for the rest of the month. Green only please blocks gods and some one eat more chicken:)

Okay if I call chocolate, sausages, cheese and other goodies "chicken"?

Well, you should go with something else, but with chicken....



buon appetito

[sorry2xs]

Here is an example of real bad luck;4h 47m 50s 
16.03%
94.46 PH/s
379,823,763,936

[bitwitt]

Here is an example of real bad luck;4h 47m 50s 
16.03%
94.46 PH/s
379,823,763,936

I agree. By being loyal to Kano pool has cost me over 300.00 USD in the last month.  I don't know how much longer I can last.

I would have had made more BTC by just buying BTC with what my electric cost.

Really would like to see more miners here, but with a 500 n range of payout  no one will risk the hash at current difficulty. 
 
This pool has been my choice since Kano began and I will remain here till the end, but some changes should be made in code or
payout N range so we can compete with the Chinese pools and the broken code that they use.

Sorry if this affends anyone.  I'm just frustrated.       

[aarons6]

Here is an example of real bad luck;4h 47m 50s 
16.03%
94.46 PH/s
379,823,763,936

I agree. By being loyal to Kano pool has cost me over 300.00 USD in the last month.  I don't know how much longer I can last.

I would have had made more BTC by just buying BTC with what my electric cost.

Really would like to see more miners here, but with a 500 n range of payout  no one will risk the hash at current difficulty. 
 
This pool has been my choice since Kano began and I will remain here till the end, but some changes should be made in code or
payout N range so we can compete with the Chinese pools and the broken code that they use.

Sorry if this affends anyone.  I'm just frustrated.       

Everyone thinks the 500n hurts you but it really helps. A block like the one we just had on another pool thst has a shorter range some of your past shares would have dropped off and you wouldn't have been paid for them

[bitwitt]

Here is an example of real bad luck;4h 47m 50s 
16.03%
94.46 PH/s
379,823,763,936

I agree. By being loyal to Kano pool has cost me over 300.00 USD in the last month.  I don't know how much longer I can last.

I would have had made more BTC by just buying BTC with what my electric cost.

Really would like to see more miners here, but with a 500 n range of payout  no one will risk the hash at current difficulty. 
 
This pool has been my choice since Kano began and I will remain here till the end, but some changes should be made in code or
payout N range so we can compete with the Chinese pools and the broken code that they use.

Sorry if this affends anyone.  I'm just frustrated.       

Everyone thinks the 500n hurts you but it really helps. A block like the one we just had on another pool thst has a shorter range some of your past shares would have dropped off and you wouldn't have been paid for them

I would rather have a higher pool hash rate than the risk of not having shares paid with a 200 N rate.

You are almost better solo mining than wait for 500 N to get fully paid. The risk reward for a new miner sucks at 500 N.
 

[aarons6]

Here is an example of real bad luck;4h 47m 50s 
16.03%
94.46 PH/s
379,823,763,936

I agree. By being loyal to Kano pool has cost me over 300.00 USD in the last month.  I don't know how much longer I can last.

I would have had made more BTC by just buying BTC with what my electric cost.

Really would like to see more miners here, but with a 500 n range of payout  no one will risk the hash at current difficulty. 
 
This pool has been my choice since Kano began and I will remain here till the end, but some changes should be made in code or
payout N range so we can compete with the Chinese pools and the broken code that they use.

Sorry if this affends anyone.  I'm just frustrated.       

Everyone thinks the 500n hurts you but it really helps. A block like the one we just had on another pool thst has a shorter range some of your past shares would have dropped off and you wouldn't have been paid for them

I would rather have a higher pool hash rate than the risk of not having shares paid with a 200 N rate.

You are almost better solo mining than wait for 500 N to get fully paid. The risk reward for a new miner sucks at 500 N.
 

This is very inaccurate. But yeah..

Lol nobody complains when the pool is making 200% above pps for a whole week.

[bitwitt]

Here is an example of real bad luck;4h 47m 50s  
16.03%
94.46 PH/s
379,823,763,936

I agree. By being loyal to Kano pool has cost me over 300.00 USD in the last month.  I don't know how much longer I can last.

I would have had made more BTC by just buying BTC with what my electric cost.

Really would like to see more miners here, but with a 500 n range of payout  no one will risk the hash at current difficulty.  
 
This pool has been my choice since Kano began and I will remain here till the end, but some changes should be made in code or
payout N range so we can compete with the Chinese pools and the broken code that they use.

Sorry if this affends anyone.  I'm just frustrated.      

Everyone thinks the 500n hurts you but it really helps. A block like the one we just had on another pool thst has a shorter range some of your past shares would have dropped off and you wouldn't have been paid for them

I would rather have a higher pool hash rate than the risk of not having shares paid with a 200 N rate.

You are almost better solo mining than wait for 500 N to get fully paid. The risk reward for a new miner sucks at 500 N.
 

This is very inaccurate. But yeah..

Lol nobody complains when the pool is making 200% above pps for a whole week.

I think it's very accurate.  When Kano started the pool I think it was 100 N ?? . Then when we hit 4000 ths it was adjusted to
500 N.  

BTW I don't see you as a miner here in the beginning.  Maybe you where mining under a different user name.


AKA   Pingster   

[sorry2xs]

IMO, nothing needs to be changed

[bitwitt]

IMO, nothing needs to be changed

Going to vote with my feet.  Keep drinking the Kool aid.

[kano]

Well, yes, of course I can't effect 'actual luck' - I can only reduce the other variables that all pools include in luck - re: lost blocks.
Those variables are definitely better here than other small/medium sized pools.

But with block difficulty, even that last block was under 400% diff.

400% diff or higher is expected to happen:
0.98168436111127  400.000%  1 in 54.6
i.e. every 54.6 or so blocks we'd expect to average a block worse than 400%
and that is true of every single pool out there - though certain other pools seem to be good at getting much worse % numbers

Looking at Oct, yep indeed we've had a lot of blocks over 100% and yes our smaller pool means that those blocks take longer.
Our CDF[Erl] for the last 10 blocks, 24.1 days:
Last 10 Blocks 24.1days 100.7% 158.40% 158.40% 0.9532 63.13%
Which means you'd only expect it to be worse 1 in ~21.4 times (~4.7% of the time)

So, if mining at a smaller pool is a problem due to higher variance, then yes your only solution is to mine with the big pools like F2Pool and Antpool and support their choice of SPV mining and centralising the mining power in single places (FYI Antpool is also BW.Pool) ...
... which obviously enough is a catch-22: people mine there and make them bigger because ... they are bigger

That little block Difficulty, CDF table for those who might need to look at it again

Code:

 0.63212055882856  100.000%  1 in 2.7
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

[RealMalatesta]

So, if mining at a smaller pool is a problem due to higher variance, then yes your only solution is to mine with the big pools like F2Pool and Antpool and support their choice of SPV mining and centralising the mining power in single places (FYI Antpool is also BW.Pool) ...
... which obviously enough is a catch-22: people mine there and make them bigger because ... they are bigger

I don't think that "mining in a smaller pool" is the problem. When is a pool a "smaller" pool? And why isn't it getting bigger?

If we look at some of those smaller pools, we see that "luck" has ran away lately. You, kano, have your issues with Luke-jr, nevertheless, I'd like to look at Eligius for a second: 12%, 14% luck with a hashrate of 14 PH seems odd.

Cex with 48-hour blocks, too, seems to be beaten by bad luck,... kano.is too.

The problem is that "luck" also seems to being centralized at the moment. I do not know if this has to do with SPV mining of the bigger pools. And yes, I d know that variance and luck are factors which play a role. But I do know, too, that even a small miner like me has to pay the electricity bill. And I do know that I don't want to mine with the Chinese pools. Or with KnC.

So what I would like to see is that smaller pools start discussing possibilities how to survive. Because it is as easy as this: IF small time miners will not be able to pay their bills, they have three choices:
- quit mining
- pay mining with their own money
- switch to bigger pools

So let me look at these possibilities:
- Quit mining basically means that the big pools will get the bigger percentage. So basically no option.
- Pay mining with my own money: That's fine, if someone has only one or two miners. With 60 Th/s, this hurts. I can tell you. And my wife starts beating me....
- Switching to bigger pools - i.e. Chinese pools - is no option. We all have seen again and again in ecomonies what centralization means.

So all these options lead basically to the same conclusion: Mine with the bigger pools, or die.

That's not what I like to see. So despite all feuds, all miners and all small pools should start to discuss what they could do for avoiding this.

[kano]

Payout 380508 sent
3479ca91279082fc158507736d291ce0c21975f4de4ff3ad506749f97cf9a602
and confirmed

[sorry2xs]

 IMO décentralisation died when Asic manufacturers went looking for capital from investors for their R&D and that is due to folks with money set the rules for the money and become involved in the day to day operations of the borrower they also place conditions, market driven will eventually bring centralization, I have to pay for my power bill for just 20 ths so i can't afford luck which has become a luxury in this business now