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

[kano]

Block! by moecarrim
1.15BTC txn fees
S9v2

[moe7865]

Block! by moecarrim

It's a T9.only brought it online around 3 days ago. Glad it's finding blocks

[kano]

Block! by moecarrim

It's a T9.only brought it online around 3 days ago. Glad it's finding blocks

Excellent!
I updated my post as you replied

Edit: so that means S9v2 means any of S9, R4 or T9 with the latest firmware

[kano]

So if I am solo mining and I have 2 machines then they are fighting against each other really. They are both doing their own thing completely ignorant of each other.

I guess I am not understanding how a pool actually works then.  Is this where the 'shares' come into play?  Are all of our individual machines sending our best shares to some overlord node server or is something using all of our hash power combined?  Ie some communication is there to use all the hash power for the combined good of the pool?  

Heh I missed seeing you post

No, it's PoW that matters (Proof of Work)
A valid share is Proof of Work.

A miner of X THs has 1/1000 of the chance of a miner of X PHs of finding a block.
So the X THs miner will expect to be rewarded 1/1000th of the X PHs miner.
The reward expectation is linear, with random variance, vs hashing power.

Everyone is simply trying to find a block.
The pool checks each share you submit to make sure it's a valid PoW and then the share is worth whatever the difficulty the work sent was assigned.

If your hash rate is expected to find 1 block a week, then you'd expect (on average) to be rewarded (here) a little more than the equivalent of one block a week.
You'd also expect to average finding 1 block a week while you mine here ... if the difficulty never changed

When you solo mine you are going to hit massive variance if your hash rate isn't in the 1PHs or greater range.
In the 10PH to 50PH range the variance is noticeable, like the pool here being ~22PHs but not unbearable for most.

Pooled mining has 3 main reasons:
1) Reduce variance by being part of a large pool of miners sharing the blocks found based on PoW
2) Reduce your risk of losing blocks if the pool has good block distribution, we do of course have awesome block distribution
3) Reduce mining cost (for a fee) by not having to setup and maintain servers to do that block distribution ... I do all that
Fees here are lower than all the larger pools and even lower than solo ... and I don't expect a tip either

[philipma1957]

So far 2017 is a good year for us.

[clgrissom3]

Block! by moecarrim
1.15BTC txn fees
S9v2

Man is it good to wake up and see 2 blocks for the day!

We have a nice little string of blocks going over the past couple of days!

[miner0007]

What I want to know is why our THs is going down?  Currently at 19286 THs. Do people not want the good luck we are having, so they leaving to other pools

[Sr.Urbanist]

What I want to know is why our THs is going down?  Currently at 19286 THs. Do people not want the good luck we are having, so they leaving to other pools

Canaan left.  I think they may be a Chinese firm who are starting their own pool.

[clgrissom3]

What I want to know is why our THs is going down?  Currently at 19286 THs. Do people not want the good luck we are having, so they leaving to other pools

Canaan left.  I think they may be a Chinese firm who are starting their own pool.

Canaan didn't leave, they just cut their hash back to 230TH/s.  They probably finished burning in their latest batch of A741s and pulled them off of the shelf.  There has been some talk that they are taking over an existing data center somewhere so it's probably time to start moving in.

[firetreeactual]

It's in Sweden. 10MW. Wowzers.

https://coins.newbium.com/post/6796-canaan-mining-company-to-open-data-center-in-swede

EDIT: Kano posted another, better link earlier. Ya might wanna backtrack that one.

[The Yorkshire Pudd]

So if I am solo mining and I have 2 machines then they are fighting against each other really. They are both doing their own thing completely ignorant of each other.

I guess I am not understanding how a pool actually works then.  Is this where the 'shares' come into play?  Are all of our individual machines sending our best shares to some overlord node server or is something using all of our hash power combined?  Ie some communication is there to use all the hash power for the combined good of the pool?  

Heh I missed seeing you post

No, it's PoW that matters (Proof of Work)
A valid share is Proof of Work.

A miner of X THs has 1/1000 of the chance of a miner of X PHs of finding a block.
So the X THs miner will expect to be rewarded 1/1000th of the X PHs miner.
The reward expectation is linear, with random variance, vs hashing power.

Everyone is simply trying to find a block.
The pool checks each share you submit to make sure it's a valid PoW and then the share is worth whatever the difficulty the work sent was assigned.

If your hash rate is expected to find 1 block a week, then you'd expect (on average) to be rewarded (here) a little more than the equivalent of one block a week.
You'd also expect to average finding 1 block a week while you mine here ... if the difficulty never changed

When you solo mine you are going to hit massive variance if your hash rate isn't in the 1PHs or greater range.
In the 10PH to 50PH range the variance is noticeable, like the pool here being ~22PHs but not unbearable for most.

Pooled mining has 3 main reasons:
1) Reduce variance by being part of a large pool of miners sharing the blocks found based on PoW
2) Reduce your risk of losing blocks if the pool has good block distribution, we do of course have awesome block distribution
3) Reduce mining cost (for a fee) by not having to setup and maintain servers to do that block distribution ... I do all that
Fees here are lower than all the larger pools and even lower than solo ... and I don't expect a tip either

Ahh that's starting to make more sense now.  So the power of the pool is that we are all sharing the proof of works also with the combined hash power.  I thought there was more to it then just the hash power.

Wow the luck of the last 5 blocks is over 300%!  Great to see.  I would love to get my hash rate over 100 T/H.
Gotta make those hard decisions on how much mined btc to re-invest and how much to hold for long term gains.

Fingers crossed for continued good luckBTC 

[clgrissom3]

Block by cobramining!  This is your 16th Kano block and our first of the day! 

[beltsniffer]

Block by cobramining!  This is your 16th Kano block and our first of the day! 

And another good size block with lots of fees! 
Go Kano!

[kano]

Block by cobramining!  This is your 16th Kano block and our first of the day! 

An A7v1

[-EOS-]

Love this Pool!   Doing great lately!!

[huynhdat1989]

Kano.is do great in advertising, most of youtube how to mine, how to setup miners...all of them show kano.is pool. 
But you do a good job too.

[kano]

Another one of those few and far between network dropouts by ckpool to the passthough 10ms away from it
At 08:14 UTC a lot of miners will have disconnected and reconnected immediately, though some failed over due to it.
All was OK again immediately after it.

There actually 2 passthus, kano.is and kano.space (both on the same server) but only the connection with kano.is dopped.
All the nodes also connect directly to the back-end server and none of them disconnected - so no node miners were affected.

[pondule]

Kano supporting segwit?

You'd best correct them unless you have changedd your mind in the last few days.
https://themerkle.com/top-6-bitcoin-mining-pools-signalling-segwit/

[firetreeactual]

Looks like the writer made some assumptions... 

[clgrissom3]

Block by cobramining!  This is your 17th Kano block (2nd in a row) and our 1st of the day! 

Good block size...13.84373797!