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

[thedreamer]

The above Idea gave me an idea. Kano just picks a Future block number and the miner that hits that block or the first one after it wins the miner. Boom.

Mai Dee.

Sorry if I sound harsh, but can we let Kano keep HIS giveaway the way he has decided to run it? And can the newbs stop trying to change things here?

Thank You 

[thedreamer]

I'm really happy to support the Kano pool because Kano and CK are so conscientious about doing everything they can to avoid empty blocks and fighting SPV mining but I'm starting to think bitcoin is heading towards disaster.  You can't even do a simple bitcoin transaction without having to wait hours for the first confirmation to take place.  It's getting to the point where it's painful to use bitcoin for anything other than just collecting it and wait for prices to go up to cash out.

How can you pay for a cup of coffee at Starbucks with BTC and wait for 2 hours for a confirmation before they can give you the coffee?  Something has to give here before bitcoin can be used as a mainstream currency but it's heading in the wrong direction.  You can't even exchange bitcoin between two bitcoin entities anymore without waiting for hours.  

If you don't send it with ZERO fees, you won't have to wait...

I have not had a confirmation take more than a few minutes in MONTHS.

[clgrissom3]

I'm really happy to support the Kano pool because Kano and CK are so conscientious about doing everything they can to avoid empty blocks and fighting SPV mining but I'm starting to think bitcoin is heading towards disaster.  You can't even do a simple bitcoin transaction without having to wait hours for the first confirmation to take place.  It's getting to the point where it's painful to use bitcoin for anything other than just collecting it and wait for prices to go up to cash out.

How can you pay for a cup of coffee at Starbucks with BTC and wait for 2 hours for a confirmation before they can give you the coffee?  Something has to give here before bitcoin can be used as a mainstream currency but it's heading in the wrong direction.  You can't even exchange bitcoin between two bitcoin entities anymore without waiting for hours.  

If you don't send it with ZERO fees, you won't have to wait...

I have not had a confirmation take more than a few minutes in MONTHS.

I sent a 0.5000 BTC transaction this morning with a 0.0002 fee and it still took hours.  That's what it's coming to, to use the best currency system since sliced bread you have to slip in more and more bribes to grease the skids or it gets pushed to the bottom of the pile.  It is getting worse and worse with all of the zero transaction blocks being pumped into the system.

[ATCkit]

I'm really happy to support the Kano pool because Kano and CK are so conscientious about doing everything they can to avoid empty blocks and fighting SPV mining but I'm starting to think bitcoin is heading towards disaster.  You can't even do a simple bitcoin transaction without having to wait hours for the first confirmation to take place.  It's getting to the point where it's painful to use bitcoin for anything other than just collecting it and wait for prices to go up to cash out.

How can you pay for a cup of coffee at Starbucks with BTC and wait for 2 hours for a confirmation before they can give you the coffee?  Something has to give here before bitcoin can be used as a mainstream currency but it's heading in the wrong direction.  You can't even exchange bitcoin between two bitcoin entities anymore without waiting for hours.  

If you don't send it with ZERO fees, you won't have to wait...

I have not had a confirmation take more than a few minutes in MONTHS.

The Lightning Network, and similar side chains being developed, will likely enable Bitcoin to have  instant, high-volume micropayments.

EDIT: Some articles:

http://cointelegraph.com/tags/lightning-network

https://www.coingecko.com/buzz/erik-voorhees-3-bitcoin-trends-2016?locale=en&ref=highlight

[hawkfish007]

I'm really happy to support the Kano pool because Kano and CK are so conscientious about doing everything they can to avoid empty blocks and fighting SPV mining but I'm starting to think bitcoin is heading towards disaster.  You can't even do a simple bitcoin transaction without having to wait hours for the first confirmation to take place.  It's getting to the point where it's painful to use bitcoin for anything other than just collecting it and wait for prices to go up to cash out.

How can you pay for a cup of coffee at Starbucks with BTC and wait for 2 hours for a confirmation before they can give you the coffee?  Something has to give here before bitcoin can be used as a mainstream currency but it's heading in the wrong direction.  You can't even exchange bitcoin between two bitcoin entities anymore without waiting for hours.  

If you don't send it with ZERO fees, you won't have to wait...

I have not had a confirmation take more than a few minutes in MONTHS.

I sent a 0.5000 BTC transaction this morning with a 0.0002 fee and it still took hours.  That's what it's coming to, to use the best currency system since sliced bread you have to slip in more and more bribes to grease the skids or it gets pushed to the bottom of the pile.  It is getting worse and worse with all of the zero transaction blocks being pumped into the system.

Imagine holding the line at a busy Starbucks for 10 mins to get first confirmation   As of this posting, over 15 mins w/o any block.

[cryptotore]

Gotta love this contest, makes it all more fun!
If you're going to change the rules, you should look at the average hashrate numbers.
As it is now, you're better of pointing your miners elsewhere before the contest (to lower your average), and then rent a couple of PH/s at the start of the contest.
You would still be below 250TH/s on average.

Looking at the total hashrate average AND a max 250TH/s per shift, would probably do the trick.

For the record, I did not do this, I rented about 200TH/s from the start of the contest, just saying its possible with current rules.

[thedreamer]

Dunno then. I sent about 5-10 transactions every day on average and have not had anything hang up in many months.
I send using 5block confirmation as extra. It's so little, who cares..

[sorry2xs]

I pay for confirmation after one block if i am in a hurry or slide it far left and for a twenty five block wait in the end i am glad bitcoin core gives me that option, PS: I am glad the contest rules were set ahead time, and very glad with pay scheme of this pool,

[philipma1957]

But I rather contest last longer then 1 or 2 days.  the way it is now it is a short time and will almost never go as long as 1 week.

Ah, that makes sense.  I don't really care either way or even how long it lasts. 

I am more concerned about encouraging lots of rented hash due to the withholding potential (seller of hash has no stake in the pool success and can withold blocks while collecting a PPS rate).  So far I see no evidence this has been done in the wild, but it certainly is possible.  Those of us who don't rent for the contest would pay the price as our % goes down.

yeah that has always been a problem as any rental can be rigged to toss away a share above  current 120 diff.

[PassThePopcorn]

Dunno then. I sent about 5-10 transactions every day on average and have not had anything hang up in many months.
I send using 5block confirmation as extra. It's so little, who cares..

Same here, I've sent $5-$20 transactions plenty of times and they have always been included in the next block. The important part is to make sure you include a proper fee if you want to be in the next block, not just the minimum the client thinks is required.

@Kano would you be able to add the feature to allow us or others to pay a fee to the pool to include a transaction into the next block?

[kano]

Dunno then. I sent about 5-10 transactions every day on average and have not had anything hang up in many months.
I send using 5block confirmation as extra. It's so little, who cares..

Same here, I've sent $5-$20 transactions plenty of times and they have always been included in the next block. The important part is to make sure you include a proper fee if you want to be in the next block, not just the minimum the client thinks is required.

@Kano would you be able to add the feature to allow us or others to pay a fee to the pool to include a transaction into the next block?

Well, no fee, but maybe based on how much time you've been hashing and how much hashing you are doing
Maybe one a day if you mine enough ... but the 'enough' is the trick to decide.
I guess people with tiny amounts of BTC tend to not do that many transactions, and if they do have a lot of mining, then point it here to get a free txn each day ... or something like that ...
The main problem of course is that until we get to 10% of the network, paying for the pool to include a txn may not get you confirmed any faster, but if it's free as long as you mine enough, it's could be worthwhile I imagine.

[pikachuy]

So, has kilowatt been able to confirm and supply an address yet? Or how long does a person get before the award goes to the next person? lol

[sorry2xs]

He awaits patiently the opportunity to provide info.
is that a second person answer 

[PassThePopcorn]

Dunno then. I sent about 5-10 transactions every day on average and have not had anything hang up in many months.
I send using 5block confirmation as extra. It's so little, who cares..

Same here, I've sent $5-$20 transactions plenty of times and they have always been included in the next block. The important part is to make sure you include a proper fee if you want to be in the next block, not just the minimum the client thinks is required.

@Kano would you be able to add the feature to allow us or others to pay a fee to the pool to include a transaction into the next block?

Well, no fee, but maybe based on how much time you've been hashing and how much hashing you are doing
Maybe one a day if you mine enough ... but the 'enough' is the trick to decide.
I guess people with tiny amounts of BTC tend to not do that many transactions, and if they do have a lot of mining, then point it here to get a free txn each day ... or something like that ...
The main problem of course is that until we get to 10% of the network, paying for the pool to include a txn may not get you confirmed any faster, but if it's free as long as you mine enough, it's could be worthwhile I imagine.

Yeah that would be interesting, you create an account and there would be a new tab on the menu to include a transaction, or attempt to include a transaction in the next block. As long as you are pointing a few TH towards the pool, the pool will attempt to place it in the next block. How about, if you are active for the week you get 1 transaction included for free otherwise a donation equal to the fee you should have paid, possibly make it refundable if the pool didn't include it and another pool successfully placed it in a block or keep it as a donation as the pool was required to do the work to try.

I have noticed other pools doing this at one point, but they all seem to have stopped maybe they had a reason too and people should just include the proper fees in their transactions.

[kano]

He awaits patiently the opportunity to provide info.
is that a second person answer 

Yep Avalon have your email, they prolly contact you today.

[sorry2xs]

Many Thanks

[mavericklm]

Shares:     251,292,096,509 (209.35%)
Last    Block 17h 2m (396089)

expected i guess, more or less

[aarons6]

Dunno then. I sent about 5-10 transactions every day on average and have not had anything hang up in many months.
I send using 5block confirmation as extra. It's so little, who cares..

Same here, I've sent $5-$20 transactions plenty of times and they have always been included in the next block. The important part is to make sure you include a proper fee if you want to be in the next block, not just the minimum the client thinks is required.

@Kano would you be able to add the feature to allow us or others to pay a fee to the pool to include a transaction into the next block?

Well, no fee, but maybe based on how much time you've been hashing and how much hashing you are doing
Maybe one a day if you mine enough ... but the 'enough' is the trick to decide.
I guess people with tiny amounts of BTC tend to not do that many transactions, and if they do have a lot of mining, then point it here to get a free txn each day ... or something like that ...
The main problem of course is that until we get to 10% of the network, paying for the pool to include a txn may not get you confirmed any faster, but if it's free as long as you mine enough, it's could be worthwhile I imagine.

i had a .5 btc with a .0001 fee stuck until it failed and i had to resend it.. many blocks went by here so it would have been beneficial to add it..
the problem was, since it was my mining wallet from here, i had like 70 or 80 inputs.. :/
i should have added more fee, but the android wallet doesnt let you do that when you scan a qr code, it just auto sends it with whatever fee it suggests..

[E]

Haven't completely decided yet, but next time it will probably be the best (lowest) CDF for the whole month

Or maybe the highest CDF for the month? That way if we are getting up over 200% people who are inclined to rent for the contest will show up then, boosting the hashrate during the dryspell and lowering the expected wait to end the unlucky block?


edit: I see highest CDF was already discussed a few pages back. Leaving this to document my having skipped ahead to reply

[nhando]

WE Need a BLOCK PARTY!!!! LET's GO!!!!!!!!!!!!!!!!!!!!!!!