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

[PsyDafKe]

yeah, weird... same here

Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)

All miners down for now (as I'm looking for a new location, or quit entirely)

Heh one of the four pending payments has been confirmed.  Here's to hoping we break our little logjam and the other three will be confirmed immediately!

So, indeed patience solves everything, as usual

[bctmke]

yeah, weird... same here

Last block reward I've got was for 399390.
Then I have a gap for 399427, 399428 and 399442, and then unconfirmed incoming 399473 ... and still nothing for 399501.
Suppose I need to be more patient, and the gap will also get solved... or so. (so far BTC0.14529812 missing, not counting 399501)

All miners down for now (as I'm looking for a new location, or quit entirely)

Heh one of the four pending payments has been confirmed.  Here's to hoping we break our little logjam and the other three will be confirmed immediately!

So, indeed patience solves everything, as usual

Absolutely!  Mining isn't about a race.  It's about the long game!

[bctmke]

And there's our block!

[sorry2xs]

finally block
and all pending transaction confirmed

[VRobb]

All right, let's hear it for Arxangel hitting the block, and confirming all our waiting transactions!  Double goodness! 

[kano]

All right, let's hear it for Arxangel hitting the block, and confirming all our waiting transactions!  Double goodness! 

... and 2.17% txn fees and he's 1.7THs - awesome

[Crispyato]

You guys are funny man. Chatty as hell.  Kano pool gets the trophy for user participation. Pool owner also, which is awesome.  I think your all forgetting on these block payouts today/yesterday that there are other things going on with the network.  Price drop will slow things down.  I had 5 transactions outside of kano pool take forever to reach 1st confirmation.  The issue was not just in our pool.  Ranging from 3-12 hours for confirmation 1.  Its frustrating, but it is what it is.  If your impatient, don't shut down your miners.  Turn your old ones on.  The network is slow and the network is you.  If bunching payouts saves money, cool.  Forget that, it increases the luckilyhood of blocks.  I've seen plenty off pools use this tactic successfully.  Many pools only do one a day.  Crank this pool back up, it was hot at 27PH.

[PPOC]

They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.

I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...

Since we pretty much confirm our own transactions with our blocks, then can you do the payments as zero fee? Assuming we get at least 1 block every day, many more usually but worst case. I don't mind waiting if it saves you money. If the pool hash rates drops for some reason and it would take more then 24 hours (expected) then pay a fee to send those payments.

Guess question is since we pick the transactions to include in a block, can you make payment zero fee and have them be first in the list to confirm ourselves?

[cavaliersrus]

that was what a 22 hour wait for us to hit the block

common lets get a monday funday going

[kano]

They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.

I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...

Since we pretty much confirm our own transactions with our blocks, then can you do the payments as zero fee? Assuming we get at least 1 block every day, many more usually but worst case. I don't mind waiting if it saves you money. If the pool hash rates drops for some reason and it would take more then 24 hours (expected) then pay a fee to send those payments.

Guess question is since we pick the transactions to include in a block, can you make payment zero fee and have them be first in the list to confirm ourselves?

Yep I already do this with our payouts (but with a fee every time)
As I say here in the thread, if no one confirms any payouts before we find a block, our block should confirm it.

I simply prioritise the transaction as +1000BTC fee

The "should", is simply that it's possible for it the be skipped sometimes (rarely) in the work, or thrown out of the mempool, especially when it's a zero fee transaction, and I have to put it back in.
But that should be quite rare.

[HerbPean]

All right, let's hear it for Arxangel hitting the block, and confirming all our waiting transactions!  Double goodness! 

... and 2.17% txn fees and he's 1.7THs - awesome

1.7TH ! Awesome !

congrats !

Never cracked one yet ... I got 30TH at the moment. 36 TH tonight

[PPOC]

They'll be confirmed when we find a block.
At least one was before I added the last one
Back to 4 awaiting confirm.

I spend ~$1 per payout ... comes from my mining, currently avg about 1/3 of my mining reward.
Yeah me spending ~$110 in the last month to send out the txns adds up ...

Since we pretty much confirm our own transactions with our blocks, then can you do the payments as zero fee? Assuming we get at least 1 block every day, many more usually but worst case. I don't mind waiting if it saves you money. If the pool hash rates drops for some reason and it would take more then 24 hours (expected) then pay a fee to send those payments.

Guess question is since we pick the transactions to include in a block, can you make payment zero fee and have them be first in the list to confirm ourselves?

Yep I already do this with our payouts (but with a fee every time)
As I say here in the thread, if no one confirms any payouts before we find a block, our block should confirm it.

I simply prioritise the transaction as +1000BTC fee

The "should", is simply that it's possible for it the be skipped sometimes (rarely) in the work, or thrown out of the mempool, especially when it's a zero fee transaction, and I have to put it back in.
But that should be quite rare.

Well, if it saves you money and doing a zero fee transaction and just having it sitting in our server waiting for next kano block to confirm. I think most people here would be ok with it. Only it it sits longer then 24 hours, then pay a fee to get it confirmed.

Just a suggestion......

[wolfen]

You guys are funny man. Chatty as hell.  Kano pool gets the trophy for user participation. Pool owner also, which is awesome.  I think your all forgetting on these block payouts today/yesterday that there are other things going on with the network.  Price drop will slow things down.  I had 5 transactions outside of kano pool take forever to reach 1st confirmation.  The issue was not just in our pool.  Ranging from 3-12 hours for confirmation 1.  Its frustrating, but it is what it is.  If your impatient, don't shut down your miners.  Turn your old ones on.  The network is slow and the network is you.  If bunching payouts saves money, cool.  Forget that, it increases the luckilyhood of blocks.  I've seen plenty off pools use this tactic successfully.  Many pools only do one a day.  Crank this pool back up, it was hot at 27PH.

Someone has nicehash rental price locked above  .0038 and westhash locked above .0035.    No fair!
Payout for 100% luck is less than .0031
Boooo!

[philipma1957]

You guys are funny man. Chatty as hell.  Kano pool gets the trophy for user participation. Pool owner also, which is awesome.  I think your all forgetting on these block payouts today/yesterday that there are other things going on with the network.  Price drop will slow things down.  I had 5 transactions outside of kano pool take forever to reach 1st confirmation.  The issue was not just in our pool.  Ranging from 3-12 hours for confirmation 1.  Its frustrating, but it is what it is.  If your impatient, don't shut down your miners.  Turn your old ones on.  The network is slow and the network is you.  If bunching payouts saves money, cool.  Forget that, it increases the luckilyhood of blocks.  I've seen plenty off pools use this tactic successfully.  Many pools only do one a day.  Crank this pool back up, it was hot at 27PH.

Someone has nicehash rental price locked above  .0038 and westhash locked above .0035.    No fair!
Payout for 100% luck is less than .0031
Boooo!

payout for 107% luck is  .0032

[wolfen]

You guys are funny man. Chatty as hell.  Kano pool gets the trophy for user participation. Pool owner also, which is awesome.  I think your all forgetting on these block payouts today/yesterday that there are other things going on with the network.  Price drop will slow things down.  I had 5 transactions outside of kano pool take forever to reach 1st confirmation.  The issue was not just in our pool.  Ranging from 3-12 hours for confirmation 1.  Its frustrating, but it is what it is.  If your impatient, don't shut down your miners.  Turn your old ones on.  The network is slow and the network is you.  If bunching payouts saves money, cool.  Forget that, it increases the luckilyhood of blocks.  I've seen plenty off pools use this tactic successfully.  Many pools only do one a day.  Crank this pool back up, it was hot at 27PH.

Someone has nicehash rental price locked above  .0038 and westhash locked above .0035.    No fair!
Payout for 100% luck is less than .0031
Boooo!

payout for 107% luck is  .0032

Good point.

[firetreeactual]

Nice to see some of us "little folk" solving blocks... 

[aarons6]

There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...

There's nothing "fundamentally wrong" here, in fact just the opposite.  This is fundamentally how bitcoin works.  You're not paying anyone under the table, you're paying right up front in you tx fee, says so right there when you put a transaction together.  Bitcoin has been designed since the beginning to confirm transactions with higher fees faster because it is in the miners' best interest to confirm high fee tx first and capture those fees.

When Kano switches to one payout per day that should help him save some tx fees only having to send out one a day instead of multiple.  Will also make payouts easier to track, I look forward to the change soon!

A way to understand this is kano pays 1 dollar to send 1 block worth of coins all over the world in a safe manner.

I think his payout is divided to over 200 addresses in payments.  Try sending 200 checks all over the world for 1 usd.

The problem is there is no consistency...that dollar kano paid last week worked but not yesterday.  It probably will work tomorrow.  How do you know how much to send?  The oldest of his 4 payments from yesterday has been at 0 confirmations for 14 hours.  What if I paid for my cup of coffee at Starbucks with BTC and I had to wait several hours for the confirmations to come through...not very useful or convenient as a currency.  If it can't be used as a digital currency then there is a fundamental problem with BTC that everyone seems to just accept or ignore.

i agree with this.. ive had 2 transactions fail because of fee, i sent with the standard .0001 fee.. thankfully i was able to resend them but one of the guys had a fit when he found out the transaction failed.. thought i scammed him.

this is not going to go well for bitcoin as money if you cant trust who sends to you to add a proper fee.

i do understand how bitcoin works, and how the fee is supposed to fuel the miners.. but the largest pools dont even give the fee to the miners.. and there is no way to add anything to the fee AFTER its send when you realize its not going to go through..

[xgeniy]

Block ) ~62,868,238,838 nice

[thedreamer]

No issues if things are send with some extra $$ behind it. I always use 8 confirmations at the slowest 10 and haven't had a 'lost' transaction yet.

For testing I sent one with 20 confirmations and it took about 14 hours to finally confirm.

[philipma1957]

There is something fundamentally wrong with BTC if you have keep slipping more and more under the table to get confirmations...

There's nothing "fundamentally wrong" here, in fact just the opposite.  This is fundamentally how bitcoin works.  You're not paying anyone under the table, you're paying right up front in you tx fee, says so right there when you put a transaction together.  Bitcoin has been designed since the beginning to confirm transactions with higher fees faster because it is in the miners' best interest to confirm high fee tx first and capture those fees.

When Kano switches to one payout per day that should help him save some tx fees only having to send out one a day instead of multiple.  Will also make payouts easier to track, I look forward to the change soon!

A way to understand this is kano pays 1 dollar to send 1 block worth of coins all over the world in a safe manner.

I think his payout is divided to over 200 addresses in payments.  Try sending 200 checks all over the world for 1 usd.

The problem is there is no consistency...that dollar kano paid last week worked but not yesterday.  It probably will work tomorrow.  How do you know how much to send?  The oldest of his 4 payments from yesterday has been at 0 confirmations for 14 hours.  What if I paid for my cup of coffee at Starbucks with BTC and I had to wait several hours for the confirmations to come through...not very useful or convenient as a currency.  If it can't be used as a digital currency then there is a fundamental problem with BTC that everyone seems to just accept or ignore.

i agree with this.. ive had 2 transactions fail because of fee, i sent with the standard .0001 fee.. thankfully i was able to resend them but one of the guys had a fit when he found out the transaction failed.. thought i scammed him.

this is not going to go well for bitcoin as money if you cant trust who sends to you to add a proper fee.

i do understand how bitcoin works, and how the fee is supposed to fuel the miners.. but the largest pools dont even give the fee to the miners.. and there is no way to add anything to the fee AFTER its send when you realize its not going to go through..

  i have transactions  jam up at 0.0002 and 0.0003  so it is a problem.