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

[bronder]

What is the advantage of a larger pool? If payout is distributed among pool members it seems to me that the individual payout would roughly stay the same. Then again I'm not a pool or payout expert.

[clgrissom3]

What is the advantage of a larger pool? If payout is distributed among pool members it seems to me that the individual payout would roughly stay the same. Then again I'm not a pool or payout expert.

Yes, your expected payout should always be the same based on your hash rate but the pool variance should be lower with larger pools.

[blockchainmines]

What is the advantage of a larger pool? If payout is distributed among pool members it seems to me that the individual payout would roughly stay the same. Then again I'm not a pool or payout expert.

This becomes a game of statistics.  You want a larger pool as it would decrease our variance or  inconsistency of blocks.  I believe when I was talking to Kano, he said our pool size needs to be 5% of the total bitcoin hash rate to bring it statistically within the parameters that would eliminate the long periods of time that we go without finding a block.  Another way of looking at it, is right now if you plotted our blocks on a chart you would have huge spikes and then nothing (for the hours we wait in between) for a time another spike and so on.  At 5% we would have a more consistent smooth line.  Yes we would all sacrifice rewards per block, but make up for it in multiple blocks per day.  In the end of the day, you would make as much or more with a larger pool.  Right now to hit 5% I believe we need to be around 220 PH and that is a moving target as the network grows. 

[firetreeactual]

This becomes a game of statistics.  You want a larger pool as it would decrease our variance or  inconsistency of blocks.  I believe when I was talking to Kano, he said our pool size needs to be 5% of the total bitcoin hash rate to bring it statistically within the parameters that would eliminate the long periods of time that we go without finding a block.  Another way of looking at it, is right now if you plotted our blocks on a chart you would have huge spikes and then nothing (for the hours we wait in between) for a time another spike and so on.  At 5% we would have a more consistent smooth line.  Yes we would all sacrifice rewards per block, but make up for it in multiple blocks per day.  In the end of the day, you would make as much or more with a larger pool.  Right now to hit 5% I believe we need to be around 220 PH and that is a moving target as the network grows. 

I wish there was a "like" button or similar...I've not heard this said more clearly. Perhaps we'll see more well-resourced miners finding the advantage of how this pool operates. We "little(r) fish" will continue to pump our 25 Satoshis' worth to help... 

[clgrissom3]

Block by mhumaidan with 32TH/s!  This is your 2nd Kano block and our 1st of BLOCK THURSDAY!  

There are also 2 payouts hitting our wallets! 

[wmabern]

Block by mhumaidan with 32TH/s!  This is your 2nd Kano block and our 1st of BLOCK THURSDAY!  

There are also 2 payouts hitting our wallets! 

Damn, only 15.2 block reward. WTH? 



 

[hhumaidan]

Damn my 3rd block in the pool one with ahumaidan and 2 with mhumaidan

[wmabern]

Damn my 3rd block in the pool one with ahumaidan and 2 with mhumaidan

Split personality? 

Congrats!!!   

[hhumaidan]

Damn my 3rd block in the pool one with ahumaidan and 2 with mhumaidan

Split personality? 

Congrats!!!   

🤣🤣 Nah. I manage the miners, buy miners and theirs PSUs, wiring, replacements and monitoring for my family as well as maintenance. Finally, I get a % of the funds of each.

Thanks!

[wmabern]

Damn my 3rd block in the pool one with ahumaidan and 2 with mhumaidan

Split personality? 

Congrats!!!   

🤣🤣 Nah. I manage the miners, buy miners and theirs PSUs, wiring, replacements and monitoring for my family as well as maintenance. Finally, I get a % of the funds of each.

Thanks!

Good deal! I see a post from @clgrissom3 that you are running 32TH. Is that under the single usernames? How many miners are you managing total? And what is the make-up, S9's, Avalons?
Again, congratulations! And.....

MINE ON!!!   

[CrazyRussianHackerBoom]

This becomes a game of statistics.  You want a larger pool as it would decrease our variance or  inconsistency of blocks.  I believe when I was talking to Kano, he said our pool size needs to be 5% of the total bitcoin hash rate to bring it statistically within the parameters that would eliminate the long periods of time that we go without finding a block.  Another way of looking at it, is right now if you plotted our blocks on a chart you would have huge spikes and then nothing (for the hours we wait in between) for a time another spike and so on.  At 5% we would have a more consistent smooth line.  Yes we would all sacrifice rewards per block, but make up for it in multiple blocks per day.  In the end of the day, you would make as much or more with a larger pool.  Right now to hit 5% I believe we need to be around 220 PH and that is a moving target as the network grows. 

I wish there was a "like" button or similar...I've not heard this said more clearly. Perhaps we'll see more well-resourced miners finding the advantage of how this pool operates. We "little(r) fish" will continue to pump our 25 Satoshis' worth to help... 

This exactly what I was what saying 2 days beforrre 

"This pool is amazing!

The morrre minerrrs we have, the morrre blocks we will find and Booyakasha!!!

How to we atrrract morrre minerrrs to this pool???

This is very serrrious question "

[xuy]

I moved to Kanopool at the end of April. When I saw 2 blocks daily and 0.0007 BTC per THs per day. Since then the number is reducing steadily, In April, there were 2 blocks daily on average. Now the pool size is increased by 50%+ (from 40-60PH) but the number of blocks is not increased by proportion. Actually BTC per THs per day is 0.0005 now. I know some is due to difficulty. But the difficulty does not increase that much. Maybe Kanopool was very lucky in April.

[VRobb]

Indeed April was a ripper, but May is kicking it good too... https://kano.is/index.php?k=pblocks

[Apprentice]

Is the network still going down? my miners are going crazy.

[beltsniffer]

Kano, have you ever considered putting your own Bitcoin proposal together for a future plan that we can all live with? I like the 2 minute block idea you had, combine that with a 2mb blocksize and I think that would sustain bitcoin into the foreseeable future. I know it's a lot of work, but I think it's something that would be a far better alternative to the proposals out there and one that a lot of people would get behind.

[kano]

Is the network still going down? my miners are going crazy.

No problems ... since the major one 9 hours ago.

[kano]

Kano, have you ever considered putting your own Bitcoin proposal together for a future plan that we can all live with? I like the 2 minute block idea you had, combine that with a 2mb blocksize and I think that would sustain bitcoin into the foreseeable future. I know it's a lot of work, but I think it's something that would be a far better alternative to the proposals out there and one that a lot of people would get behind.

I very much doubt any of the core devs would take any interest in that idea I had years ago - it's a hard fork ... ...
... though a hard fork is pretty much necessary for any change that's gonna deal with block size properly.

... but unfortunately I've been overwhelmingly suckered in to the basic idea of BIP100
It's not a "random shot as a side effect" solution like segwit is, it's a direct block size solution, and it's very clear how it works, keeps control with blocks, and wont cause the network confusion that I expect BU will cause with their 'unusual' size voting system.

I'm also not one for politics (which is what bitcoin core is) so I steer clear of them as much as possible.

[tbonetony]

kano, what is your thought on developing a tx accelerator feature on your pool? I see a lot of positive needs on this feature nowadays while this could bring a bit more revenue on miners here. I understand this pool is still small but there are tons of people out there getting stuck for 24 hours+ easily these days.

EDIT:
Also, would you consider adding paid service to allow user leaving custom message onto the block? yes I understand with current BTC/byte this is not much practical but one never knows. Maybe there are some special events or meanings for someone like today?

[kano]

Block! by mikese
A7v2

[beltsniffer]

Block! by mikese
A7v2

Another FAT one with 3.73 in fees!