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

[kano]

So at least for me a light bulb just went off..

I always thought about a block as a progress to completion, as such I always wondered what happened when a pool found a block, and what happened to all of the work that other pools/miners had done, were about to do.

Then I found this...
"Contrary to popular belief, mining is not something where there is progress. Each hash has the same probability of being a valid block hash. You could get lucky and find a valid hash with your next hash, or you could not. There is no progress that is made. When you mine on a lower difficulty, the target that your hash must be under is much higher than that of the networks. With enough hashes, someone will eventually find a hash that is lower than the network target, and that hash would also be lower than their pool target. The higher target (thus lower difficulty) is only for tracking who is actually doing work and how much work they are doing so that they can be paid appropriately."

from here - https://captainaltcoin.com/what-is-pool-mining/

So this then solves my problem with what happens when a block is found by another pool.  It just an event, and we continue on trying to find another hash that meets the requirements of a *block*

Yeah there's a few things that happen.
Generating work for building a block involves adding a bunch of transactions into it also.
All the transactions used up by the block someone else found, are 'thrown out' and we are left with all the other transactions we already know about, to build our current work.
So we have to change 3 things every time someone finds a block:
1) Remove all the transactions used up
2) replace the 'previous hash' with the hash of the last block found
3) replace the block height number in the coinbase transaction with the new block height
Then just continue on as before looking for a block.

As you said, each hash you try is independent of every other hash you try.
It's like rolling a dice, try again, try again, try again - ok found the number we want
The previous tries don't get you closer to getting your result you want.

[1713421544]

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[1713421544]

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[1713421544]

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[Coltcaine]

how much hashrate do i need for kano pool since you get paid every block to be beneficial to moving to this pool? I may be completely wrong but i read it somewhere if you have low hashrate u may not get pay outs on kano.

[lok8nusa]

So at least for me a light bulb just went off..

I always thought about a block as a progress to completion, as such I always wondered what happened when a pool found a block, and what happened to all of the work that other pools/miners had done, were about to do.

Then I found this...
"Contrary to popular belief, mining is not something where there is progress. Each hash has the same probability of being a valid block hash. You could get lucky and find a valid hash with your next hash, or you could not. There is no progress that is made. When you mine on a lower difficulty, the target that your hash must be under is much higher than that of the networks. With enough hashes, someone will eventually find a hash that is lower than the network target, and that hash would also be lower than their pool target. The higher target (thus lower difficulty) is only for tracking who is actually doing work and how much work they are doing so that they can be paid appropriately."

from here - https://captainaltcoin.com/what-is-pool-mining/

So this then solves my problem with what happens when a block is found by another pool.  It just an event, and we continue on trying to find another hash that meets the requirements of a *block*

My over-simple version: when anyone on the network solves ("finds") the current block, everyone on the network starts on the next one. We haven't been working on the same block for the last 170 hours; it's been 170 hours since we submitted the block-solving hash.

[Shazam!!!]

how much hashrate do i need for kano pool since you get paid every block to be beneficial to moving to this pool? I may be completely wrong but i read it somewhere if you have low hashrate u may not get pay outs on kano.

This is a good question. I've wondered about it as well. I can tell you, there seems to be are alot of smaller miners here. So, something
is working in favor for them.


Edited upon checking pool stats.

[shadowelite]

So at least for me a light bulb just went off..

I always thought about a block as a progress to completion, as such I always wondered what happened when a pool found a block, and what happened to all of the work that other pools/miners had done, were about to do.

Then I found this...
"Contrary to popular belief, mining is not something where there is progress. Each hash has the same probability of being a valid block hash. You could get lucky and find a valid hash with your next hash, or you could not. There is no progress that is made. When you mine on a lower difficulty, the target that your hash must be under is much higher than that of the networks. With enough hashes, someone will eventually find a hash that is lower than the network target, and that hash would also be lower than their pool target. The higher target (thus lower difficulty) is only for tracking who is actually doing work and how much work they are doing so that they can be paid appropriately."

from here - https://captainaltcoin.com/what-is-pool-mining/

So this then solves my problem with what happens when a block is found by another pool.  It just an event, and we continue on trying to find another hash that meets the requirements of a *block*

My over-simple version: when anyone on the network solves ("finds") the current block, everyone on the network starts on the next one. We haven't been working on the same block for the last 170 hours; it's been 170 hours since we submitted the block-solving hash.

good question
i have 2-2.2th from 3 miners but i can only run the miners for 10h a day at work so was wondering if its even worth my while mining here

[VRobb]

how much hashrate do i need for kano pool since you get paid every block to be beneficial to moving to this pool? I may be completely wrong but i read it somewhere if you have low hashrate u may not get pay outs on kano.

To be above dust level I calculated around 500GHs based on previous Block Reward and Total Pool Hashrate if txn's are low as is the case recently...
Mine On!  

[lok8nusa]

good question
i have 2-2.2th from 3 miners but i can only run the miners for 10h a day at work so was wondering if its even worth my while mining here

Off the cuff math =~.8TH averaged over a day. If you get 10 hours every day, that's about where they will ramp to.

Edit: Found my oops.

[Par Avion]

Antpool may be having stratum issues. Jump on it.

[sruyle]

I think your proposal for attracting big miners is great. I have only one question and it is only because such large miners are so rare.
Have you considered a proportional reward for miners that are above say 2PH, but less than 10. maybe 0.2 btc for a 2PH rate, or 0.5 btc for a 5PH rate.  it is your pool and your reward after all, But I think it might lead to the same endgoal of lots of big miners in the pool, and be easier to find.

[rifleman74]

I think your proposal for attracting big miners is great. I have only one question and it is only because such large miners are so rare.
Have you considered a proportional reward for miners that are above say 2PH, but less than 10. maybe 0.2 btc for a 2PH rate, or 0.5 btc for a 5PH rate.  it is your pool and your reward after all, But I think it might lead to the same endgoal of lots of big miners in the pool, and be easier to find.

Not a bad idea, although I think he'd want to have bigger guys than just 2PH (any hash rate does help in the end).   


MINE THE F ON WITH KANO-SAN!

[jeecom]

10 BTC giveaway to LARGE miners
Original competition details: https://bitcointalk.org/index.php?topic=789369.msg10121938#msg10121938

Wow! That is over $100k of BTC at today's prices

[Shazam!!!]

Wow! That is over $100k of BTC at today's prices

Just think about this....That is just a small fraction of what Antpool takes from their members. Kano gives
back to the community, and supports the members of this pool. 24/7/365

[AerialGopher]

I was watching BTC.com last block time posted, and then kano.is timer at the top of web page is about 18 seconds behind..  Just wondering what is up with the time difference?  Or any other way to check that is not so crude like my method?


Just checked last block  509209 and its time stamp on kano server is 2018‑02‑14 19:53:00
Time stamp of the same block on BTC.com                                      2018-02-14 12:52:44

Kano is 16 seconds later than the BTC, ( disregard time zone differences for the hour)

Blockchain.ifo has the same  2018-02-14 19:52:44 for block 509209

Funny, I picked blocks at random that kano found, and they are all on average 15 - 20 dseconds behind on time stamp from blockchain info.
Wierd..

[sruyle]

I was watching BTC.com last block time posted, and then kano.is timer at the top of web page is about 18 seconds behind..  Just wondering what is up with the time difference?  Or any other way to check that is not so crude like my method?


Just checked last block  509209 and its time stamp on kano server is 2018‑02‑14 19:53:00
Time stamp of the same block on BTC.com                                      2018-02-14 12:52:44

Kano is 16 seconds later than the BTC, ( disregard time zone differences for the hour)

Blockchain.ifo has the same  2018-02-14 19:52:44 for block 509209

Funny, I picked blocks at random that kano found, and they are all on average 15 - 20 dseconds behind on time stamp from blockchain info.
Wierd..

Probably just means his servers are not getting time from a time server.

[Biodom]

I was watching BTC.com last block time posted, and then kano.is timer at the top of web page is about 18 seconds behind..  Just wondering what is up with the time difference?  Or any other way to check that is not so crude like my method?


Just checked last block  509209 and its time stamp on kano server is 2018‑02‑14 19:53:00
Time stamp of the same block on BTC.com                                      2018-02-14 12:52:44

Kano is 16 seconds later than the BTC, ( disregard time zone differences for the hour)

Blockchain.ifo has the same  2018-02-14 19:52:44 for block 509209

Funny, I picked blocks at random that kano found, and they are all on average 15 - 20 dseconds behind on time stamp from blockchain info.
Wierd..

Probably just means his servers are not getting time from a time server.

Weird
I hope that this is not something affecting our "luck".....
In any case, why exactly he is not getting time from a time server?

[kano]

I was watching BTC.com last block time posted, and then kano.is timer at the top of web page is about 18 seconds behind..  Just wondering what is up with the time difference?  Or any other way to check that is not so crude like my method?


Just checked last block  509209 and its time stamp on kano server is 2018‑02‑14 19:53:00
Time stamp of the same block on BTC.com                                      2018-02-14 12:52:44

Kano is 16 seconds later than the BTC, ( disregard time zone differences for the hour)

Blockchain.ifo has the same  2018-02-14 19:52:44 for block 509209

Funny, I picked blocks at random that kano found, and they are all on average 15 - 20 dseconds behind on time stamp from blockchain info.
Wierd..

509209 was a week ago.
Please try to at least look at current blocks so I can more easily show what's wrong

My guess is that you are looking at the block header time shown on blockchain.info
That is NOT the time the block was found.
It should be BEFORE it was found.

A pool creates work with a timestamp in it then sends it to the miners.
The miner can then find a block some time in the 30 seconds (in our case) or worse with some pools 60 or even 90 seconds, after that time.
The pool doesn't know in advance when you will find a block - fortunately.
So the block header time stamp will usually show the time the work was sent to the miner which is pretty much unrelated to when the miner finds a block.

There is no data in a block that says exactly when it was found.

Edit: also note that the timestamp is allowed to be wrong by about 1.5 hrs

Edit2: heh I thought you were talking about our block change time vs other pools.
I just realised you were talking about our last block 509209.
Yes the timestamp in the block was the time the work was sent to the miner who found it.
Obviously there is no way for anyone else to see our blocks before we do ... since we need to actually send the block out before anyone else will see it.

[Prowler310]

I gotta say I started mining here at the beginning of the 600 block and I'm questioning my sanity. I want to contribute to decentralization and all but .......3 S9's isn't much but sheesh I'd like to make a buck.

Oh yea Mine On LOL

[noquedaeltiempo]

I gotta say I started mining here at the beginning of the 600 block and I'm questioning my sanity. I want to contribute to decentralization and all but .......3 S9's isn't much but sheesh I'd like to make a buck.

Oh yea Mine On LOL

I was mining at Kano since Sep 2017, a couple hours ago took my 85THs to another pool. This month has been brutal.

[perfectplus174]

I gotta say I started mining here at the beginning of the 600 block and I'm questioning my sanity. I want to contribute to decentralization and all but .......3 S9's isn't much but sheesh I'd like to make a buck.

Oh yea Mine On LOL

I was mining at Kano since Sep 2017, a couple hours ago took my 85THs to another pool. This month has been brutal.

"Good Luck"

[noquedaeltiempo]

"Good Luck"

Man I don't get why some people in this community is so sensitive, things like leaving the pool or criticism always get responses like this one. Is like this pool have his own internet defense force 24/7.

Whats with the "good luck" comment buddy? Are you mad or something? Jesus, mining here for almost 6 months straight and I can't comment I'm leaving?