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

[clgrissom3]

Block! HolyScott hits one!

[baazju]

I know I should, but I honestly don't pay attention to difficulty anymore.

Holyscott with the Garage block find lol

[VRobb]

Holy Scott, another block. BOOM!

[nhando]

1 more before bed time baby, just 1 more.  Come to Daddy BLOCKY!!!!

[baazju]

While we are asking I'll just say I want 5 more.

[sorry2xs]

Hell why not ten

[nhando]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

[cavaliersrus]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

[jeremyf327]

Why the jump in hash rate for the pool? I see some mentioned because of rentals...Are there better times to rent than others?

[-ck]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.

See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?

[organofcorti]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees.

[nhando]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.

See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?

Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know.  I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn.  We all have to start somewhere.   Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout,  etc is over a week of research alone.  All most people hear is that when a block is found you get 25 blocks.  No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc.  

My partners mine at many pools and I see all kinds of range, hence the question.  Here's an example from Slush.  I never would know a Block value could be almost 26 bitcoins.  I do know that there are transaction fees, just never realized how wide of a range it can be .
 
26044   2016-02-02 18:18   37 minutes   40.44 Ph/s   120033340651   565%   396343   25.98289867 BTC   Confirmed

So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology".  

[nhando]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees.

The variance is much greater as you can see many block rewards are in the 25 and above.  I never even knew it could be almost 26 blocks until I saw the Slush pool confirmation stats today.

[Prelude]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.

See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?

Amen.

[organofcorti]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.

See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?

Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know.  I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn.  We all have to start somewhere.   Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout,  etc is over a week of research alone.  All most people hear is that when a block is found you get 25 blocks.  No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc.  

My partners mine at many pools and I see all kinds of range, hence the question.  Here's an example from Slush.  I never would know a Block value could be almost 26 bitcoins.  I do know that there are transaction fees, just never realized how wide of a range it can be .
 
26044   2016-02-02 18:18   37 minutes   40.44 Ph/s   120033340651   565%   396343   25.98289867 BTC   Confirmed

So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology".  

Tx fees at the moment are about 0.5% to 1.5% of the total block reward. The block reward before fees is 25 BTC and the tx fees are typically 0.1 to 0.4 BTC per block, but can be as little as zero or much larger.

[organofcorti]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees.

The variance is much greater as you can see many block rewards are in the 25 and above.  I never even knew it could be almost 26 blocks until I saw the Slush pool confirmation stats today.

Absolutely. The values you've quoted just weren't very different to each other, that's all.

Also, the you might not realise it but the figure you've quoted from Slush's pool is *pre fee* rather than the *post fee* rewards you've posted.

[aarons6]

Why is it that some blocks we get much smaller rewards?  Some examples below.  Is it the difference in the transmission fees??

Block   Block UTC   Miner Reward
396558   3/Feb 22:51   24.80513300
393929   18/Jan 22:31   24.79041611

ive wondered this also

There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.

See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?

Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know.  I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn.  We all have to start somewhere.   Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout,  etc is over a week of research alone.  All most people hear is that when a block is found you get 25 blocks.  No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc.  

My partners mine at many pools and I see all kinds of range, hence the question.  Here's an example from Slush.  I never would know a Block value could be almost 26 bitcoins.  I do know that there are transaction fees, just never realized how wide of a range it can be .
 
26044   2016-02-02 18:18   37 minutes   40.44 Ph/s   120033340651   565%   396343   25.98289867 BTC   Confirmed

So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology".  

you can check this site out that will tell you how much of the block was fees
https://live.blockcypher.com/btc/

its a great site for guessing how much fee you should add to get fewer block confirmations.

also keep in mind, some pools keep the fee.. like antpool.. so their block rewards will always be split by 25

[organofcorti]

Yeah, I'm just highlighting the lower of the ones from the list.  I'm clear now on the fee part as that's confirmation to my question.  How come Slush is reporting Block values before fee as in the 25 to 25.98 btc value?  I always hear it's 25 bitcoin for the rewards, never heard the rewards value was higher before fees until I saw that stat.  See the last block 26044 at the bottom.

Slush reports block rewards pre pool fee not pre tx fee. Sorry to confuse you there.

[nhando]

It's not helping that each pool is reporting info differently.  So what is the maximimum block reward before all fees?  25 bitcoins?  I'm still trying to understand how it's showing 25.98 btc when all I hear is 25 bitcoins per block is the reward minus pool fees and TX fees.

[aarons6]

It's not helping that each pool is reporting info differently.  So what is the maximimum block reward before all fees?  25 bitcoins?  I'm still trying to understand how it's showing 25.98 btc when all I hear is 25 bitcoins per block is the reward minus pool fees and TX fees.

this block had alot of fees..
https://live.blockcypher.com/btc/block/000000000000000008e57759ebf80d3e2771dd97f9bac3f238897bf865f36e25/

TOTAL TRANSACTED
113,578.0427 BTC

TOTAL FEES
0.9829 BTC