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

[-EOS-]

As I said ...
I'll be cautious of assuming everything is ok until we have a good run of about a dozen blocks, and no ridiculously bad blocks in that run.
Of course also, as long as I find no evidence of a problem in any of the checks I'm doing.
We'll see ...

Kano - Appreciate all the work you do, AND most importantly, the transparency!!   That is why I stay here.

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[AriesIV10]

Kano; just a thought, could the problem have been a batch 1 S9?   These were an issue last year.

[kano]

Kano; just a thought, could the problem have been a batch 1 S9?   These were an issue last year.

There are still some S9v1s on the pool but obviously no where near as many as before.
But yes, the S9v1 stats still have a CDF[Erl] over 0.99
In the last 3 months (27-Jul to 26-Oct) they've submitted just over 8 Blocks worth of shares but only found 5 blocks.
Yep they continue to suck, but the luck in general over the last 3 months has been below expected for all miners as you can see in the monthly table.

[luxMiner]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

[kano]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

No.

All it does is increase variance.

[luxMiner]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

No.

All it does is increase variance.

Yes, I figured that the idea must have been explored before. From the perspective of the pool operator, i.e. you, it should make not much of a difference, in terms of earnings.

True, the 'jackpot feature' would attract users on one hand, but also, on the other hand, tons of speculation and hopping in and out... didn't think of that.

[padrinogtr]

and a good morning it is!!
mine on!!!
and a great day !!!!

[kano]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

No.

All it does is increase variance.

Yes, I figured that the idea must have been explored before. From the perspective of the pool operator, i.e. you, it should make not much of a difference, in terms of earnings.

True, the 'jackpot feature' would attract users on one hand, but also, on the other hand, tons of speculation and hopping in and out... didn't think of that.

Well the main problem is that you have no control at all over when you find a block.
Some miners will never find blocks, some less than their expected share of blocks, while others will find more than their expected share.
It's random.

I see no reason why you should reward some miners more than they should get, because their miner randomly found more blocks than they are expected to find.
You can't make a single miner find more blocks. It's completely out of your control.
If someone is deluded and believes they are lucky and will find more blocks, then good on them - see you later, go mine somewhere else

The payout here pays each miner equally fairly based on the work they do.
Seems like a good idea to me, though those with gambling addictions may not agree

Basically a 'block finder reward' is a way to attract gambling addicts, who think they can make more than they are expected to make, than everyone else on the pool, if "their miner is lucky"
The net result is to attract some small miners who hope to take away rewards from larger miners, rather than get rewarded what they should get.
I'm not interested in attracting such people
Last thing I want to do is scare off larger miners.
Long term it simply increases variance, but short term it gives people a possibility or getting lucky then doing a runner
They can go do that on that other pool that uses that ridiculous luck based reward system.

[Bigsky]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

There was a pool exactly like this, called triplemining
It ceased operating 2 or 3 years back

I loved the pool and did well from it, sadly it became
to small and insignificant, but it died brightly, we found
2 blocks in quick succession at the end, a couple of s3's
earnt me nearly 2btc for that last week, those were the
days

[luxMiner]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

No.

All it does is increase variance.

Yes, I figured that the idea must have been explored before. From the perspective of the pool operator, i.e. you, it should make not much of a difference, in terms of earnings.

True, the 'jackpot feature' would attract users on one hand, but also, on the other hand, tons of speculation and hopping in and out... didn't think of that.

Well the main problem is that you have no control at all over when you find a block.
Some miners will never find blocks, some less than their expected share of blocks, while others will find more than their expected share.
It's random.

I see no reason why you should reward some miners more than they should get, because their miner randomly found more blocks than they are expected to find.
You can't make a single miner find more blocks. It's completely out of your control.
If someone is deluded and believes they are lucky and will find more blocks, then good on them - see you later, go mine somewhere else

The payout here pays each miner equally fairly based on the work they do.
Seems like a good idea to me, though those with gambling addictions may not agree

Basically a 'block finder reward' is a way to attract gambling addicts, who think they can make more than they are expected to make, than everyone else on the pool, if "their miner is lucky"
The net result is to attract some small miners who hope to take away rewards from larger miners, rather than get rewarded what they should get.
I'm not interested in attracting such people
Last thing I want to do is scare off larger miners.
Long term it simply increases variance, but short term it gives people a possibility or getting lucky then doing a runner
They can go do that on that other pool that uses that ridiculous luck based reward system.

agreed, as I now see that you are talking from a perspective of integrity.

i was thinking from a purely economical side. adding the gambling aspect (and you named it as it is)  would contradict to what the pool is supposed to stand for. respect for that.

[mousehouse]

time to get the big guys back that left us, hopefully temporarily. we're down to 60PH compared to the 90PH a week ago...

[luxMiner]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

No.

All it does is increase variance.

Yes, I figured that the idea must have been explored before. From the perspective of the pool operator, i.e. you, it should make not much of a difference, in terms of earnings.

True, the 'jackpot feature' would attract users on one hand, but also, on the other hand, tons of speculation and hopping in and out... didn't think of that.

Well the main problem is that you have no control at all over when you find a block.
Some miners will never find blocks, some less than their expected share of blocks, while others will find more than their expected share.
It's random.

I see no reason why you should reward some miners more than they should get, because their miner randomly found more blocks than they are expected to find.
You can't make a single miner find more blocks. It's completely out of your control.
If someone is deluded and believes they are lucky and will find more blocks, then good on them - see you later, go mine somewhere else

The payout here pays each miner equally fairly based on the work they do.
Seems like a good idea to me, though those with gambling addictions may not agree

Basically a 'block finder reward' is a way to attract gambling addicts, who think they can make more than they are expected to make, than everyone else on the pool, if "their miner is lucky"
The net result is to attract some small miners who hope to take away rewards from larger miners, rather than get rewarded what they should get.
I'm not interested in attracting such people
Last thing I want to do is scare off larger miners.
Long term it simply increases variance, but short term it gives people a possibility or getting lucky then doing a runner
They can go do that on that other pool that uses that ridiculous luck based reward system.

Also... agreed 100% that Tom didn't do any more work than Jack, if his machine happened to solve a certain block and it is correct that Tom and Jack deserve the same payout.

However:
I do understand that you show who solves what block for the sake of total transparency. But wouldn't this, as well as a 'Block Acclaim' table, precisely bring about a sense, albeit a false sense, of entitlement?

I see that I am discussing something to no end or purpose, as I do agree with your point...

[minergain.com]

time to get the big guys back that left us, hopefully temporarily. we're down to 60PH compared to the 90PH a week ago...

Personally, I came to Kano because it was smaller...  The 200TH was getting me scared..  I'm ok with whatever happens though.  This is a great pool and Kano works hard to keep it running smoothly.

[smutboy420]

Would it make sense to have a payment system in which the user who solves a block for the pool, gets an additional reward, i.e. 0.5 BTC or even 1 BTC?

This way there would be extra incentive to join, being given a shot at hitting a small jackpot without having to to mine solo against astronomical odds, while not taking away too much from the pool in relative terms?

I don't know if this has been discussed or done before, or even is being done... I think it could do well for the dynamic of a pool.

it would also take everyone else block reward share down a lot esp if the finder reward was that huge and big.  



Tho if you do find a block on kano you get on the acclaim list. and get hi-fives from everyone when you find a block.  

[padrinogtr]

i really love the community aspect of this pool

[mousehouse]

time to get the big guys back that left us, hopefully temporarily. we're down to 60PH compared to the 90PH a week ago...

Personally, I came to Kano because it was smaller...  The 200TH was getting me scared..  I'm ok with whatever happens though.  This is a great pool and Kano works hard to keep it running smoothly.

Agree, but the global hash-rate has increased a lot. If we match the growth then at least we'll keep finding the same amount of blocks at similar variance.

[clgrissom3]

Kano, thanks for your transparency during the bad and good times.

With the last 3 blocks, we are at a 1.31 blocks/day average for the month.  That is not too far off of where we should be

[abdul.h]

Excuse me for such question but I'm new to the pool
How many blocks do we get usually /day?
Is it possible to get one more today?

[clgrissom3]

Excuse me for such question but I'm new to the pool
How many blocks do we get usually /day?
Is it possible to get one more today?

Our pool average for the month is 99.95 PHs and that hash rate is expected to earn 1.68 blocks/day at the current diff.  There are lots of calculators out there you can use to do this math.

EDIT: Yes, it is mathematically possible to get several more blocks to today!

[padrinogtr]

Excuse me for such question but I'm new to the pool
How many blocks do we get usually /day?
Is it possible to get one more today?

with the latest luck
i doubt it