KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[kano]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

[SA Bitcoin Brothers]

Can I connect only one wallet to the Kano pool? Is there a way where I can let some miners mine to one wallet and others to another? Thank you

[kano]

Can I connect only one wallet to the Kano pool? Is there a way where I can let some miners mine to one wallet and others to another? Thank you

Use multiple accounts?

I'm not sure what exactly you mean.

Though splitting 100THs of course means multiple smaller payouts adding up to the single larger payout.

[NomadGroup]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

Oh yeah, this one is nice!

[clgrissom3]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

I really love the big fat ones like this...and a payout as well!

[bitsink]

No penalty.   You get rewarded for your accepted share over the last n shares when the block is found.

Yours shares on the weekend will be counted if a block is found while you are not mining on Monday.
You not mining all daytime Friday will reflect if a block is found on the weekend with its 5n look back (currently ~4days 9hrs.).

It averages itself out to an effective hashrate "Your N Avg" for mining.   

I am not yet entirely convinced that it averages itself out and am working on a calculation. I believe that there is a disadvantage for sporadic miners and newbies, anyone who has not filled the 5Nd window with a flatline hashrate. Once I have my results I will publish here.

[kano]

No penalty.   You get rewarded for your accepted share over the last n shares when the block is found.

Yours shares on the weekend will be counted if a block is found while you are not mining on Monday.
You not mining all daytime Friday will reflect if a block is found on the weekend with its 5n look back (currently ~4days 9hrs.).

It averages itself out to an effective hashrate "Your N Avg" for mining.  

I am not yet entirely convinced that it averages itself out and am working on a calculation. I believe that there is a disadvantage for sporadic miners and newbies, anyone who has not filled the 5Nd window with a flatline hashrate. Once I have my results I will publish here.

There isn't.

The way to see that is by looking at shares, which is how the pool works.
It is basically understanding PPLNS which is fixed on "N" shares.

When you submit a share, it is paid the same way no matter how much hash rate you have and no matter how many other shares you submit.

Again, as it says on the web site:

The 5Nd means the pool rewards 5 times the expected number of shares, each time a block is found.
So each share will be paid approximately 1/5 of it's expected value, in each block it gets a reward,
but each share is also expected, on average, to be rewarded 5 times in blocks found after the share is submitted to the pool.

The last line is the clincher.

Also, the reward is based on the pool finding 5Nd shares.
The higher the total hash rate, the more blocks are expected to be found.
But that 5Nd decides who gets rewarded, not any share to share effect.
If you submitted 1,000,000Diff shares in the 5Nd, you'd get X reward.
If tou submitted 2,000,000Diff shares in the 5Nd, you'd get 2X reward.
The number of times any share is rewarded is dependent upon when that single share was submitted, not based on any other shares.

Lastly, there's the "N side effect" reward result that seems to help people understand the above details.
When you stop mining, you keep getting new (diminishing) rewards for all blocks found in the 5Nd after you stop mining, while each share you already submitted is still inside the 5Nd range of any future blocks found.

The bottom line is, if you look at how a single share is rewarded, it clearly explains that hopping and on/off mining has no expected effect to disadvantage it.

[usernamehere]

By usernamehere! 13TH. Welcome to the acclaim board.

Longtime lurker, first time poster! I logged into my miner today to check on it, and saw that it found my first block! I couldn't believe it since I'm just a small hobby miner, so came here and to kano.is to verify.  

I hope it's not my last.  



FWIW: S9v1

I was curious about what the chances are of getting a block on March 11th with a hashrate of 13TH/s.  So I did the math on this and it looks like with 13TH/s hashing rate, a machine had a probability of 0.00036% of finding a block with the given the network hashrate of 3,550,270 TH/s.
13/3,550,270 = 0.0000036 == .00036% probability of finding a block every second

Does this seem correct?

Source: https://blockchain.info/charts/hash-rate

[VRobb]

Working backwards with 13THs I get over 58 months to hit a block.  Using your figure of 0.0000036 probability per second just take the inverse and get a little over 3 days so I'd check your math and assumptions.  Plus this is OT for kano-san's pool so maybe continue this in the speculation section...

[kano]

By usernamehere! 13TH. Welcome to the acclaim board.

Longtime lurker, first time poster! I logged into my miner today to check on it, and saw that it found my first block! I couldn't believe it since I'm just a small hobby miner, so came here and to kano.is to verify.  

I hope it's not my last.  

https://i.imgur.com/N6qe5i8.png

FWIW: S9v1

I was curious about what the chances are of getting a block on March 11th with a hashrate of 13TH/s.  So I did the math on this and it looks like with 13TH/s hashing rate, a machine had a probability of 0.00036% of finding a block with the given the network hashrate of 3,550,270 TH/s.
13/3,550,270 = 0.0000036 == .00036% probability of finding a block every second
...

Current diff 460,769,358,090.7 (and was when you found the block)
13TH/s is 1 in 1,761.9 of finding a block in a day.
http://tradebtc.net/bitcalc.php

However, the reality is that if you consider someone with 25PH/s would be 3125 x A7 741 miners, and one of those 3125 8TH/s miners finds a block, as is expected to happen at the moment once every ~22hrs, it's no different to one miner on a 25TH/s pool with 8THs finding a block.

Yes it's lucky for that specific 8TH/s to find a block, but one of them is expected to find one on average every ~22Hrs, so it's not unexpected, but rather, it's expected

[Sr.Urbanist]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

I really love the big fat ones like this...and a payout as well!

So what about a switch to BU?  Wouldn't increasing the blocksize allow more transactions and, thus, more fees? 

[d57heinz]

https://imgur.com/a/aXwgH  Thought you all would enjoy this. Reminds me of the many discussions this pool has as well as me🤓

Best Regards
d57heinz

[os2sam]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

I really love the big fat ones like this...and a payout as well!

So what about a switch to BU?  Wouldn't increasing the blocksize allow more transactions and, thus, more fees? 

Yes, more fees but lower fees as well.  The more block space available the more lower fee/no fee transactions get processed as well.

What size blocks would "BU" have?

[kano]

Block! by mediv with 12THs
Probably an A6
2.26BTC txn fees
and a payout

I really love the big fat ones like this...and a payout as well!

So what about a switch to BU?  Wouldn't increasing the blocksize allow more transactions and, thus, more fees?  

Find me a block size option that is just a block size option ...
There isn't one, they all throw in some other agenda that they want and pretend it's just a blocksize solution.

However, my actual requirements are something that isn't "set it to X and then we'll fix it again next time"
i.e. next time should be quite a way away.
BIP100 solved that problem without assuming the internet will be upgraded by warp travelling aliens in the near future (BIP101)

[Sr.Urbanist]

What size blocks would "BU" have?

My understanding is 8MB.

Find me a block size option that is just a block size option ...
There isn't one, they all throw in some other agenda that they want and pretend it's just a blocksize solution.

I can see that.  I guess it seems like something needs to be done about scaling.  Bitcoin is not scale-able with current tx/sec capabilities.  I don't know much, but when I'm getting lunch at a food cart I do not want to wait for confirmation before they start making my veggie burrito sin queso.

My layman mind looks at SegWit as leaving the blockchain, moving away from decentralization, and the status-quo can lead to high fees.  Unconfirmed txns are down now, but were up to 70,000 at one point.

EDIT: I am concerned about the possibility of a fork in BTc.

[kano]

What size blocks would "BU" have?

My understanding is 8MB.

Find me a block size option that is just a block size option ...
There isn't one, they all throw in some other agenda that they want and pretend it's just a blocksize solution.

I can see that.  I guess it seems like something needs to be done about scaling.  Bitcoin is not scale-able with current tx/sec capabilities.  I don't know much, but when I'm getting lunch at a food cart I do not want to wait for confirmation before they start making my veggie burrito sin queso.

My layman mind looks at SegWit as leaving the blockchain, moving away from decentralization, and the status-quo can lead to high fees.  Unconfirmed txns are down now, but were up to 70,000 at one point.

EDIT: I am concerned about the possibility of a fork in BTc.

Well it's a distributed peer2peer transaction system with a specific blockchain and transaction design.
I don't see Bitcoin as ever being a "all transactions ever occurring on the planet" transaction system.

It's simply one of many available transaction systems.

If you want something that handles the whole planet, then you are not talking about Bitcoin, you need to design something else.
The problem I see about, not with, Bitcoin, is too many people saying they want something else, core included, and then trying to change Bitcoin into something else (and that will fail)

Bitcoin works as it is and does what it does.

As soon as someone says "I want it to do more transactions per second", then the obvious retort is "How many?"
No matter what you do, there will always be a trade-off limit of transactions, beyond which a reliable peer2peer system wont be viable.

Yep more transactions/a bigger block size would be ideal at the moment, but suddenly growing too much or trying to reach too high will fail.

[kano]

Block! by Tech-Display
2.1BTC fees
A7v2
and a payout confirmed

[NomadGroup]

Block! by Tech-Display
2.1BTC fees
A7v2
and a payout confirmed

Another Biggie my friends! Awesome! 

[VRobb]

Woo Hoo Block Friday begins! Love all those juicy fees, yummy!!

[clgrissom3]

Block! by Tech-Display
2.1BTC fees
A7v2
and a payout confirmed

Nice job Tech-Display!  Welcome to the Acclaim Board with your 1st Kano block!

Block Fridayyyyy!