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

[Shazam!!!]

I've been updating some of my graphics for promoting today. Oddly enough, I recently received quite a bit of traffic on Instagram.
So we're getting the word out pretty good still. I'll keep at it!!!

Thought I'd share this. Before anyone replies, I add the link to the post, directly to this thread and/or kano.is.

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[1714853857]

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[BSGMiner]

I've been updating some of my graphics for promoting today. Oddly enough, I recently received quite a bit of traffic on Instagram.
So we're getting the word out pretty good still. I'll keep at it!!!

Thought I'd share this. Before anyone replies, I add the link to the post, directly to this thread and/or kano.is...

Love it! Keep up the great work.

176% block on the wall...

[Shazam!!!]

Love it! Keep up the great work.

176% block on the wall...

Thanx!!! Appreciate the support!!!

Take one down....pass it around

179% block on the wall

[userghost]

183% let's hope it's not a 600% buster!

[SmurfBerry]

183% let's hope it's not a 600% buster!

Where can you check this?

Also what does it mean 

[kano]

183% let's hope it's not a 600% buster!

Where can you check this?

Also what does it mean  

Top left of every web page - "Shares:"
Though most people don't understand what the % means and what to expect.
So every so often I post this:

Here's the CDF table showing the expected probabilities of finding blocks for each % or longer:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

The point of these numbers is to show how often, on average, ALL pools expect a block.

So for example above, 1 in 7.4 blocks is expected, on average, over a large sample, to be over  200%
and 1 in 20.1 blocks is expected, on average, over a large sample, to be over 300% ... etc.

This CDF table also applies, of course, to the Bitcoin network itself.
e.g. a 600% network block is a 1 hour network block.
So on average, over a large sample, we expect 1 in 403.4 network blocks to be 1 hour or more.
i.e. so if blocks average 10 minutes, then if you check the history of blocks, you should find, on average, about 1 every 403.4/144 days or about one every 2.8 days, a network block over an hour.

This also shows another interesting thing about mining

If you solo mine, you have a 1 in 2.7 chance of losing money on the first block you find.
If you mine on a medium or large pool, then you'd expect to get around 100% PPS or more.
If you mine solo, then you expect, 1 in 2.7 blocks you find to be over 100%, so you'd get less reward, though solo pools seem to expect fees and tips to make the expected loss higher.
... and of course all positive diff changes between now and when you find that first block will make that worse again.

[BSGMiner]

183% let's hope it's not a 600% buster!

Where can you check this?

Also what does it mean  

Top left of every web page - "Shares:"
Though most people don't understand what the % means and what to expect.
So every so often I post this...

Thanks for talkin' us down off the ledge, Kano!

[ricknamer]

Anyone have any $220 Bitmain coupons they don't plan on using or selling?

[milojkovicmv]

183% let's hope it's not a 600% buster!

Where can you check this?

Also what does it mean 

Yep, that's what I would like to know, too...

[nazzer]

183% let's hope it's not a 600% buster!

Where can you check this?

Also what does it mean 

Yep, that's what I would like to know, too...

Kano explained it literally 4 posts before yours... https://bitcointalk.org/index.php?topic=789369.msg34742704#msg34742704

[Par Avion]

Kano, what is the status on setting a minimum payout threshold?

I want to come back, but paying the fees for all those small transactions add up fast. Having a payout minimum setting would help the miners out a lot

[Shazam!!!]

Anyone have any $220 Bitmain coupons they don't plan on using or selling?

This guy, rdalley(link to profile below), had some last week he was going to send me, but he never did. You could try sending him a pm. I already picked up a couple more miners, as I couldn't wait, so I will not need the coupons now. Goodluck!!!


https://bitcointalk.org/index.php?action=profile;u=2003638


Also, C'mon Block!!!

[clgrissom3]

Kano, what is the status on setting a minimum payout threshold?

I want to come back, but paying the fees for all those small transactions add up fast. Having a payout minimum setting would help the miners out a lot

Consolidating a bunch of small transactions into one large transaction is simple and cheap these days.

[Par Avion]

Kano, what is the status on setting a minimum payout threshold?

I want to come back, but paying the fees for all those small transactions add up fast. Having a payout minimum setting would help the miners out a lot

Consolidating a bunch of small transactions into one large transaction is simple and cheap these days.

Was just going through my trezor wallet mining payments. I had my pool settings for .01 payouts, and have been paying an average of .002-.003 per payout. Multiply this by smaller, more often payouts from kano pool and this will be very significant. These are client side(yes you don't pay for the tx on the mining end but you do on the wallet side, and unavoidable as far as I know of.

[nazzer]

Kano, what is the status on setting a minimum payout threshold?

I want to come back, but paying the fees for all those small transactions add up fast. Having a payout minimum setting would help the miners out a lot

Consolidating a bunch of small transactions into one large transaction is simple and cheap these days.

Was just going through my trezor wallet mining payments. I had my pool settings for .01 payouts, and have been paying an average of .002-.003 per payout. Multiply this by smaller, more often payouts from kano pool and this will be very significant. These are client side(yes you don't pay for the tx on the mining end but you do on the wallet side, and unavoidable as far as I know of.

You only pay to send BTC...and right now, if you're paying more than 1 sat/byte you're doing it wrong.

Where are paying this .002-.003 to? Wallets just store your private key there's no "banking fee" as it were...

[DarkStar_]

Kano, what is the status on setting a minimum payout threshold?

I want to come back, but paying the fees for all those small transactions add up fast. Having a payout minimum setting would help the miners out a lot

Consolidating a bunch of small transactions into one large transaction is simple and cheap these days.

Was just going through my trezor wallet mining payments. I had my pool settings for .01 payouts, and have been paying an average of .002-.003 per payout. Multiply this by smaller, more often payouts from kano pool and this will be very significant. These are client side(yes you don't pay for the tx on the mining end but you do on the wallet side, and unavoidable as far as I know of.

You are significantly overpaying. Assuming you are using nested Segwit, with 1 input and 2 outputs, that's a 180 byte transaction. A 0.002BTC fee is 1111 satoshis/byte, or 1111 times more than you need to pay to get into the next block. As of right now, there's less than half a megabyte worth of transactions sitting in the mempool right now:



I sent this transaction 2 weeks ago from my Trezor with 4 inputs (4 inputs = 4 mining payments) paying 4 sat/byte or 1300 satoshis in fees.

For proper fee calculation, go to this link: https://jochen-hoenicke.de/queue/#1,2h
Scroll down to the Mempool Size in MB graph, and go to the value at the very right. Find the lowest sat/byte with less than 1 MB worth to pretty much get into the next block guaranteed.

[Par Avion]

https://imgur.com/gallery/40124?s=sms


Granted i'm very green still to the mining side. If you're correct, then what exactly is this? Seems a lot like a "banking" style fee. Would appreciate figuring out if i'm just dumb, or something is going on.

[DarkStar_]

https://imgur.com/gallery/40124?s=sms


Granted i'm very green still to the mining side. If you're correct, then what exactly is this? Seems a lot like a "banking" style fee. Would appreciate figuring out if i'm just dumb, or something is going on.

I believe that is the fee paid by Kano to send the payout transaction. He pays a comparably high fee because of the very large number of outputs.
This is paid out of his own fee (99% sure anyway) and does not affect you.

This was the last transaction sent by him, which pays a 0.00042000 fee, which is similar to the fee amounts you have in your screenshot. Mind linking to the specific transactions?

[rifleman74]

https://imgur.com/gallery/40124?s=sms


Granted i'm very green still to the mining side. If you're correct, then what exactly is this? Seems a lot like a "banking" style fee. Would appreciate figuring out if i'm just dumb, or something is going on.

You must be on the wrong wallet or something, transaction fees are next to nothing.  For all of March's payments, I paid a grand total of 35 cents to combine all 20 inputs.   That's nothing.

[rifleman74]

https://imgur.com/gallery/40124?s=sms


Granted i'm very green still to the mining side. If you're correct, then what exactly is this? Seems a lot like a "banking" style fee. Would appreciate figuring out if i'm just dumb, or something is going on.

I believe that is the fee paid by Kano to send the payout transaction. He pays a comparably high fee because of the very large number of outputs.
This is paid out of his own fee (99% sure anyway) and does not affect you.

This was the last transaction sent by him, which pays a 0.00042000 fee, which is similar to the fee amounts you have in your screenshot. Mind linking to the specific transactions?

Kano's fee is tiny, it normally wasn't picked up when block fees were much higher.   But now with blocks accepting 99.99% of fees, Kano's small token fee gets picked up and our blocks fees are sent out and included now, no waiting for out next block anymore.


MINE ON WITH KANO-SAN!