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

[rifleman74]

Question... How big is too big? In other words, if this pool was as big as antpoo wouldn't that defeat the purpose of a "small mining pool"? Obviously, this is a hypothetical without regard to pool fees. I don't want to pay transactions fees for multiple small payments. I could be wrong but I do not believe that slush or antpoo have threshold limits that one can set.

Would be nice to have double or triple the hash rate....we were there once until those two blocks from hell.

[fjtropepe]

Question... How big is too big? In other words, if this pool was as big as antpoo wouldn't that defeat the purpose of a "small mining pool"? Obviously, this is a hypothetical without regard to pool fees. I don't want to pay transactions fees for multiple small payments. I could be wrong but I do not believe that slush or antpoo have threshold limits that one can set.

Generally any pool, or conglomeration of pools (say all pools in China), that approaches 50% of the hash rate is too big.

I would hope that Kano would have ample monetary incentive to get a payout threshold built if the pool is finding multiple blocks a day, on average.

M

Right I understand the 50% concept. I was more referring to how big would we want this pool to become? I guess the real question is as the pool grows the only difference then would be the pool fees?

[mdude77]

Right I understand the 50% concept. I was more referring to how big would we want this pool to become? I guess the real question is as the pool grows the only difference then would be the pool fees?

I say cross that bridge when we get to it.

M

[mdude77]

I believe the tx fees being referred to by the op are from us miners.  If you receive 10 small payments a day, when you go to use them, your tx fees are going to be ridiculous.

It  is best to consolidate your blocks by sending your full btc wallet amount to yourself once a month or quarter and put a small fee on it (I usually do 0.00005 BTC per kB).  It may never go through and usually takes weeks, but if it does, then you have only spent a few bucks to bring it down to a single block.  You must review how your wallet works though to make sure that you have the option of setting your own transaction fees.  If you go through an exchange, then you do not have much (if any) control of it.  If you have no control, then you have to watch for when the mempool is getting emptier (under 50meg) and then send it then.  You can use minergain to monitor this and get an optional alert.

I understand there are ways around it.  None are convenient, and all take time to do. 

M

[mtaboneweb]

First... Much respect to the kano pool. I'm still new-ish to mining and learning more each day so I'm looking for some feedback. I'm not going to mention names but just looking for the differences here and absolutely none of this is meant in a bad way...

Two pools to compare. One has a lot of hashing power and the other does not. One gets a lot of block and the other does not or at least lately.

If I mine on the one that has a lot of miners and we're finding lots of blocks I get a steady payout but my shares are smaller. Lately it has increased and although we're getting lots of blocks and processing them faster in some cases my share has shrunk a bit.

So the real questions are...

If I mine on a smaller pool that may not find as many blocks are the rewards really large enough to make up for the times when the pool is not finding the blocks? I'm just a little guy right now with 1 Antminer S9 and 3 more on the way. I'm learning a lot from everyone and think the kano pool and miners are dedicated, loyal and they stay for a reason so is this the case?

An example for my current pool...

We get a block that's 19.35259244 BTC. Took 00:34:59 to process it and my take was 0.00016099 BTC.

Does it take much longer to process a block with less hashing power? Would my share be much larger due to less miners to share with? I know some of this is based on how many transactions are in the block and other factors.

Apologies for my lack of knowledge but I am learning and I appreciate any feedback.

[mdude77]

First... Much respect to the kano pool. I'm still new-ish to mining and learning more each day so I'm looking for some feedback. I'm not going to mention names but just looking for the differences here and absolutely none of this is meant in a bad way...

Two pools to compare. One has a lot of hashing power and the other does not. One gets a lot of block and the other does not or at least lately.

If I mine on the one that has a lot of miners and we're finding lots of blocks I get a steady payout but my shares are smaller. Lately it has increased and although we're getting lots of blocks and processing them faster in some cases my share has shrunk a bit.

So the real questions are...

If I mine on a smaller pool that may not find as many blocks are the rewards really large enough to make up for the times when the pool is not finding the blocks? I'm just a little guy right now with 1 Antminer S9 and 3 more on the way. I'm learning a lot from everyone and think the kano pool and miners are dedicated, loyal and they stay for a reason so is this the case?

An example for my current pool...

We get a block that's 19.35259244 BTC. Took 00:34:59 to process it and my take was 0.00016099 BTC.

Does it take much longer to process a block with less hashing power? Would my share be much larger due to less miners to share with? I know some of this is based on how many transactions are in the block and other factors.

Apologies for my lack of knowledge but I am learning and I appreciate any feedback.

Hello and welcome!

There are a few big differentiators between this pool and the larger pool.

1 - This pool has smaller fees.  In the long run, you will come out ahead.
2 - The pool operator here is active and transparent.  He tells you everything, and then some, about what is going on.  The other pool op presumably still exists, but I don't see him posting much.
3 - I believe the blocks found here will be larger than the blocks found there. 

Also, to answer your other question, the payouts here, while fewer and "farrer" between, will equal or more to that of the other pool.

Lastly, by mining here, you help a tiny pool.  Too much power at a pool causes them to be tempted to do things they shouldn't do.  (Like disappear from the community.)

M

[minergain.com]

If I mine on a smaller pool that may not find as many blocks are the rewards really large enough to make up for the times when the pool is not finding the blocks? I'm just a little guy right now with 1 Antminer S9 and 3 more on the way. I'm learning a lot from everyone and think the kano pool and miners are dedicated, loyal and they stay for a reason so is this the case?

An example for my current pool...

We get a block that's 19.35259244 BTC. Took 00:34:59 to process it and my take was 0.00016099 BTC.

I am in the same position as you with 1 S9.  I was with another pool and if you are discussing block 500861, then it is the one you are at.  I have details of every block that one has found since it began. 

So for block 500861 - there have been 4 more since this one so far.  Someday soon I hope to get real time BTC per Day Per Th/s over the past 30 days.  Dont have that coded up yet.  Obviously with the smaller pool, luck can get unlucky and you'll  see a bigger hit on your monthly proceeds.  But it also can go the other way and you'll get one or two extra blocks in a month.  In any case, in our pool, the 19.35 BTC block would have been somewhere near .01 BTC payout.  We just hit one that was 22.67465393 BTC and my take was .01128094.  So as you can tell, it is almost 100 times the payout so that does help for the slow times.

[kano]

Question... How big is too big? In other words, if this pool was as big as antpoo wouldn't that defeat the purpose of a "small mining pool"? Obviously, this is a hypothetical without regard to pool fees. I don't want to pay transactions fees for multiple small payments. I could be wrong but I do not believe that slush or antpoo have threshold limits that one can set.

Actually ... I have stated on a number of occasions in the ... distant ... past that there is a limit that I'd put on the size of the pool
10% of the network.

An aside comment about that: 5% seems to be a pretty good size for any pool since it would mean 5% of 144 blocks a day = 7.2 blocks a day
7.2 blocks a day would mean it would take a 720% block to take a day of mining between 2 blocks.
720% blocks average around 1 in 1339.4 blocks, so on average it would be about only once every 6 months that there'd be no blocks in a day
(though I guess that might also mean about once every 6 months lots of people would leave the pool? )

As for the transaction issue about payouts per block ... again that is what I'm working on.

[fjtropepe]

Question... How big is too big? In other words, if this pool was as big as antpoo wouldn't that defeat the purpose of a "small mining pool"? Obviously, this is a hypothetical without regard to pool fees. I don't want to pay transactions fees for multiple small payments. I could be wrong but I do not believe that slush or antpoo have threshold limits that one can set.

Actually ... I have stated on a number of occasions in the ... distant ... past that there is a limit that I'd put on the size of the pool
10% of the network.

An aside comment about that: 5% seems to be a pretty good size for any pool since it would mean 5% of 144 blocks a day = 7.2 blocks a day
7.2 blocks a day would mean it would take a 720% block to take a day of mining between 2 blocks.
720% blocks average around 1 in 1339.4 blocks, so on average it would be about only once every 6 months that there'd be no blocks in a day
(though I guess that might also mean about once every 6 months lots of people would leave the pool? )

As for the transaction issue about payouts per block ... again that is what I'm working on.

Outstanding. This is the information that I was looking for. 10% makes perfect sense. Thank you for the explanation and reasoning.

[kano]

Block! by schmokeandapancake
16BTC
Also 4th network block for Xmas

[mdude77]

Block!

And payout.  woot!!

M

[HSchmirPo]

Wonderful - Block!!!!

[brad2388]

Merry Christmas Eve! Lets get another one

[powrslave]

[fjtropepe]

Heck ya....  

[AerialGopher]

Well, SANTA came by.  Got a lump of BLOCK in my big giant red sock!

[nazzer]

It's Christmas!

 

[2tights]

Yay!!!! Christmas Eve block! Now lets find another couple on Christmas!

[brad2388]

I want to beat a dead horse again.

About the 5nd and how close i am to passing 5nd.

Using one s9 under the last reward for block 500622 it has your n avg is 12.96.

Under workers/shiftgraph my red line is at 10.90.

I think im close. But not sure im there yet to get full payout.

Was wondering ifanyone seen this can help me?

[MattMell]

HoHoHo! Its a block for all.