KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[MattMell]

First block of 2017 was 446033 with diff 317688400354.03
Now the diff is 1931136454487.7 so ... over the past year it's increased by a bit over 500%
(or it's now a bit over 600% of what it was a year ago)

...and with Canaan and Bitmain pushing out SHA hashing power in the PH/s EH/s per month :/

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[enter`name`here]

I just got a S9 delivery form BitMain last week. Just got it set up today though. Pointed at Kano and hashing away

[fjtropepe]

I just got a S9 delivery form BitMain last week. Just got it set up today though. Pointed at Kano and hashing away

Get your tap dancing shoes on.

[Vertflyer]

So does a diff increase hurt any more or less for a low hash rig vs a high hash rig? At first I thought it would hurt less if I had a bunch of machines. But the more I think about it, it would probably hurt the same?

[androdeida]

Dance time 

[wavelengthsf]

So does a diff increase hurt any more or less for a low hash rig vs a high hash rig? At first I thought it would hurt less if I had a bunch of machines. But the more I think about it, it would probably hurt the same?

Yes, it impacts all miners equally. Unless you can add more hash power to balance the difficulty, your costs (power) stay the same, but the rewards you get go down (due to the same hashrate producing fewer coins.)

[rifleman74]

Which is why until some "better" machines come out (Avalon 8 is still below the s9 in terms of hash rate)...the only thing you can do is buy more machines.   That's it.

Until a better machine comes out, we're stuck here.  I'm all for replacing my s9's with Avalon's though, and pocketing the difference. 

[firetreeactual]

Which is why until some "better" machines come out (Avalon 8 is still below the s9 in terms of hash rate)...the only thing you can do is buy more machines.   That's it.

Until a better machine comes out, we're stuck here.  I'm all for replacing my s9's with Avalon's though, and pocketing the difference. 

IMHO...smart decision. 

[stickpony]

so i just started mining on Kano pool a few days ago, and there are two payouts already listed, i am mining with an antminer S9. for whatever reason, i havent gotten paid out yet, even though the payout according to the FAQ is immediately after the block gets listed as 'matured' ( 101 confirmations ).

 I double checked my payment address, and it is correct...

 can anyone offer advice on how i handle this?

[powrslave]

so i just started mining on Kano pool a few days ago, and there are two payouts already listed, i am mining with an antminer S9. for whatever reason, i havent gotten paid out yet, even though the payout according to the FAQ is immediately after the block gets listed as 'matured' ( 101 confirmations ).

 I double checked my payment address, and it is correct...

 can anyone offer advice on how i handle this?

Block 501835 has matured but will not pay out until the next block is found.

Block 501739 was the last payout block.
https://www.blocktrail.com/BTC/tx/2005503c1365521c933e596b05ddc72cc805525f121a80a3a71c42d9ba87d67b

[Vertflyer]

so i just started mining on Kano pool a few days ago, and there are two payouts already listed, i am mining with an antminer S9. for whatever reason, i havent gotten paid out yet, even though the payout according to the FAQ is immediately after the block gets listed as 'matured' ( 101 confirmations ).

 I double checked my payment address, and it is correct...

 can anyone offer advice on how i handle this?

Payouts are sent out with a very low fee, so they are unlikely to get confirmed. They do however get confirmed when our pool finds its next block. You should see your first payout over .0001 btc when we find the next block. Anything below .0001 won't get sent out until Kano adds dust payment functionality, expected to happen sometime in 2018. Until then dust payments are held, but it will get to you eventually.

[kano]

so i just started mining on Kano pool a few days ago, and there are two payouts already listed, i am mining with an antminer S9. for whatever reason, i havent gotten paid out yet, even though the payout according to the FAQ is immediately after the block gets listed as 'matured' ( 101 confirmations ).

 I double checked my payment address, and it is correct...

 can anyone offer advice on how i handle this?

Bitcoin transactions have 2 distinct states:
1) The transaction is sent out on the network
2) The transaction is confirmed in a block

The last 2 payouts are still in state 1)

They'll get to state 2) either when another pool confirms them (unlikely coz of the high transaction fees) or we find our next block

[fjtropepe]

I'm just sitting here like:

[rifleman74]

Time for another under 100% block.   And pay it out!

[Waztim]

I get by with a little luck with my friends, do you neeeeed any luck now, I just want some luck for the New Year, do you neeeeeeed any luck now, I just want some luck for the New Year...... ooooooh, I get by with a little luck with my friends............. Big Fat Blocks with a little luck with my friends..... Mine On With Kano-San and Kano Pool, the Best Bitcoin Mining Pool on Earth. 

[nwoolls]

Bitcoin transactions have 2 distinct states:
1) The transaction is sent out on the network
2) The transaction is confirmed in a block

The last 2 payouts are still in state 1)

They'll get to state 2) either when another pool confirms them (unlikely coz of the high transaction fees) or we find our next block

Can you talk a little bit about why this may be different from block-to-block? I totally get (or at least I think I do) that payouts for previous blocks may wait until a new block is mined by kano.is. What I am not clear on is why I would not get a payout (yet) when a block is mined by kano.is, when I did get a payout when previous blocks were mined (either for that block or for shares of previous ones).

IOW, I got a payout very soon after blocks 500622, 500907, and 501739. My understanding is that those payouts may have been for previously mined blocks. However, if that is the case, why would I not get a payout when 501835 was mined, for the previous shares or current?

I could jump to my own conclusions but would love to have some light shed by those who know more. Is it that the payouts for the previously mined block were confirmed by another pool, but those for 501835 are not (yet)? If so, why were the previous payouts so (relatively) quick after the block was mined, compared to 501835?

I'm much more curious than I am doubtful or suspicious - I'm sure the payout(s) will come I'd just love to know more about the tempo.

[mdude77]

Can you talk a little bit about why this may be different from block-to-block? I totally get (or at least I think I do) that payouts for previous blocks may wait until a new block is mined by kano.is. What I am not clear on is why I would not get a payout (yet) when a block is mined by kano.is, when I did get a payout when previous blocks were mined (either for that block or for shares of previous ones).

IOW, I got a payout very soon after blocks 500622, 500907, and 501739. My understanding is that those payouts may have been for previously mined blocks. However, if that is the case, why would I not get a payout when 501835 was mined, for the previous shares or current?

I could jump to my own conclusions but would love to have some light shed by those who know more. Is it that the payouts for the previously mined block were confirmed by another pool, but those for 501835 are not (yet)? If so, why were the previous payouts so (relatively) quick after the block was mined, compared to 501835?

I'm much more curious than I am doubtful or suspicious - I'm sure the payout(s) will come I'd just love to know more about the tempo.

There are 2 ways that a payout will occur. 

1) The prior block(s) have confirmed, and the pool finds a block.
2) The prior block(s) have confirmed, and another pool confirms the payout.

The pool is configured to use #1, however sometimes #2 happens.

The last block the pool found (#2195) was before the prior block had confirmed.  Hence it couldn't include the payout from the prior block.

So where we are now, is payouts from the prior two blocks are sitting out there.  Either #1 or #2 will happen, eventually.

M

[kano]

Payouts can't be sent before the block matures - that's the rules of bitcoin.
So after 101 blocks after we find the block, I send out the payout.

It wont be confirmed quickly coz I don't want to spend $2000 out of my pocket on every block adding fees.
I'm not gonna try running the pool at a big loss and use up my BTC
(that's about how much is necessary at the moment to match the expected Satoshi per Kb)
So what I (usually) do is put 42,000 sat fee on every block - only about $5 dollars.

If fees are low and blocks aren't full, then some pool will possibly pick it up and confirm it.
If fees are not low, then it's unlikely to get picked up.

I also put the payout into our work, thus if any payouts already sent out are not confirmed when we find a block, the block will confirm them.

Thus the explanation as it says on the Help->Payouts page:

When are payments sent out?

The block 'Status' must first reach '+101 Confirms' on the Blocks page, and then is flagged as 'Matured', before the reward is distributed.
The block reward transaction is created manually some time before the block matures, and sent out automatically a minute after the block matures.

The payout may use a zero fee transaction, so we will confirm it with the next block we find after the transaction is sent out.
You may not see the transaction in your wallet before the first confirm.

... with an extra bit that it might be confirmed earlier (but unlikely) if fees are very low, and as I do most of the time, if I added a 42,000 sat fee.

[chingli5]

Hello and I just joined this pool a few days ago. Without a really complicated answer, can someone tell me if GENERALLY this idea is on target with regards to the 5Nd system?  Assume I joined on Day 1 and stopped miniging the pool on Day 15 (not planning to, but for the sake of argument):

Day #   Earned BTC  Paid BTC
1          .0035           .00025
5          .0035           .00075
8          .0035           .00125
12        .0035           .00150
15        .0035           .00480
20                           .00500
25                           .00395
            -------        ----------
Total      .0175         .0175


So it would "ramp up" and get to the point where payments would eventually equate to the earned BTC over a 15 day period?

[kano]

Hello and I just joined this pool a few days ago. Without a really complicated answer, can someone tell me if GENERALLY this idea is on target with regards to the 5Nd system?  Assume I joined on Day 1 and stopped miniging the pool on Day 15 (not planning to, but for the sake of argument):

Day #   Earned BTC  Paid BTC
1          .0035           .00025
5          .0035           .00075
8          .0035           .00125
12        .0035           .00150
15        .0035           .00480
20                           .00500
25                           .00395
            -------        ----------
Total      .0175         .0175


So it would "ramp up" and get to the point where payments would eventually equate to the earned BTC over a 15 day period?

Well if you stop then it ramps down.

The total after ramping down is expected to be what you'd expect to get over the 15 days - yes.

How much you actually get will depend on the pool luck and the transactions fees during the ramp up, the time after the ramp up before you stop, and the ramp down after you stop.