KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[BSGMiner]

I hate to say it, but: you just get a bigger piece of the pie in smaller pools with 'slower' blocks, and you'd get a proportionally smaller piece of the pie in bigger pools with 'faster' blocks... 10 x 1000 = 100 x 100... :shrug:

[BSGMiner]

The best thing that could happen right now is a whale joining/failing over here--gotta live up to that 400PH thread title--and blast us through a few blocks. We'll all get YYYUUUGGGEEE rewards and forget all about mid-April!

MINE ON WITH WHALES AND KANO!

[MoparMiningLLC]

I hate to say it, but: you just get a bigger piece of the pie in smaller pools with 'slower' blocks, and you'd get a proportionally smaller piece of the pie in bigger pools with 'faster' blocks... 10 x 1000 = 100 x 100... :shrug:

we all know this but still we like to see blocks - dont you?

[BSGMiner]

we all know this but still we like to see blocks - dont you?

I 'expect' to see blocks every 100%! This one's taking 2x as long, so I wouldn't be surprised to have a few quickies in the near future; I'm not 'expecting' it, though.

[MoparMiningLLC]

we all know this but still we like to see blocks - dont you?

I 'expect' to see blocks every 100%! This one's taking 2x as long, so I wouldn't be surprised to have a few quickies in the near future; I'm not 'expecting' it, though.

the increased hash rate the pool currently has had since last night might help as well.

[BSGMiner]

the increased hash rate the pool currently has had since last night might help as well.

@16vV8, thanks for droppin' by! Why don't ya swim in our pool for a while and grab some of Kano's BTC giveaway???

[Artemis3]

I wonder what is behind this peculiar pattern in pool usage:

[rifleman74]

I wonder what is behind this peculiar pattern in pool usage:

Canaan's burn-in.

[MoparMiningLLC]

I wonder what is behind this peculiar pattern in pool usage:

is that your shift graph?

[rifleman74]

I wonder what is behind this peculiar pattern in pool usage:

is that your shift graph?

That's the pool's shift graph.

[MoparMiningLLC]

I wonder what is behind this peculiar pattern in pool usage:

is that your shift graph?

That's the pool's shift graph.

how do you see that? NVM I found it lol never clicked that before.

[Artemis3]

I wonder what is behind this peculiar pattern in pool usage:

is that your shift graph?

That's the pool's shift graph.

how do you see that? NVM I found it lol never clicked that before.

Well you have to be logged in and go Pool -> Graph.

Its currently showing this:

[BSGMiner]

PUBLIC SERVICE ANNOUNCEMENT: Anybody not currently mining here is missing a great opportunity for an 8 day ramp up to full rewards thanks to the recent boost to ~200PH

[MoparMiningLLC]

and it appears that the whale is gone after a little over 2 days. pool is back down to 30 ph --- but alas, we got no blocks during the whales time here

[Artemis3]

and it appears that the whale is gone after a little over 2 days. pool is back down to 30 ph --- but alas, we got no blocks during the whales time here

It doesn't matter, every little push gets us closer. At 30PH a block should be found every 10 days on average. Even if we take a month or two without blocks, then another month or two will get us twice the usual number of blocks. It always averages in the long run.

Those who can't manage themselves will go to PPS pools while losing more in fees and get less reliability (orphans) and less security (pool owned wallets).

[MoparMiningLLC]

and it appears that the whale is gone after a little over 2 days. pool is back down to 30 ph --- but alas, we got no blocks during the whales time here

It doesn't matter, every little push gets us closer. At 30PH a block should be found every 10 days on average. Even if we take a month or two without blocks, then another month or two will get us twice the usual number of blocks. It always averages in the long run.

Those who can't manage themselves will go to PPS pools while losing more in fees and get less reliability (orphans) and less security (pool owned wallets).

it is not necessarily about management - some have budgets and will need to have steady income - if the time between blocks is too long, they may not have enough in reserves to carry themselves. It also depends on when they got into it mining as well - as to how much they have built up reserves.

I have my miners in 4 pools - 5 in each pool. I see where some months a PPS makes more, other months where it makes less. It all varies and in the longer I look at it, it all draws closer to the same amount, more or less. But I also need to pay the huge electric bill every month and that is where the PPS comes in handy - its more of a guaranteed income.

I got back into mining when BTC was over 15k so that profitable time has helped me carry thru this extremely low profit time period. I have put zero cash into mining out of my pocket except for my initial investment of 13k USD - this bought a building, had it wired, had vents/ac/de-humidification system, etc etc and bought the first 3 miners.  Since then, I have added 17 additional miners and I put in 36 solar panels (adding 3 more soon) as well. I am still holding some BTC.  My goal is to let the mining increase the mining and to not put any $ in out of my pocket. So far, so good.

In the end, we are all just wanting to turn a profit and make some $ right? The greatest thing about mining is the versatility and availability of many pools. If one was truly greater than all the others, there would be only one pool and everyone would be in it.

that being said, I wish I had put 5 miners on kano.is a lot sooner than I had - the pool had some really good months that I missed out on.

 

[clgrissom3]

...
that being said, I wish I had put 5 miners on kano.is a lot sooner than I had - the pool had some really good months that I missed out on.

There will be more...there always has been really good stretches here between the slow months. You can tell that by lifetime luck always being over 100%.

[Artemis3]

and it appears that the whale is gone after a little over 2 days. pool is back down to 30 ph --- but alas, we got no blocks during the whales time here

It doesn't matter, every little push gets us closer. At 30PH a block should be found every 10 days on average. Even if we take a month or two without blocks, then another month or two will get us twice the usual number of blocks. It always averages in the long run.

Those who can't manage themselves will go to PPS pools while losing more in fees and get less reliability (orphans) and less security (pool owned wallets).

that being said, I wish I had put 5 miners on kano.is a lot sooner than I had - the pool had some really good months that I missed out on.

See? What would you do with the money if you had those "good months"? Absolutely nothing, all the extra should have been kept to pay the bills in the bad months.

Of course building a buffer takes time, and its harder for larger operations, but its not impossible. Also you should start investing in renewable energy.

Take into account that if you don't make this buffer yourself, you are trusting the pool operator to do it for you, in addition for taking higher fees (ie 4% vs 0.9%). AND, hopefully no one will ever "hack" those wallets the pool operator is keeping with everybody else's money. Of course i know most PPS users are willing to forfeit their earnings if such "rare" event occurs (that would probably close the pool), but then you are also risking to close your operation by depending on the external party.

You "could" slowly move from PPS to PPLNS, a few miner units at a time...

[MoparMiningLLC]

See? What would you do with the money if you had those "good months"? Absolutely nothing, all the extra should have been kept to pay the bills in the bad months.

Of course building a buffer takes time, and its harder for larger operations, but its not impossible. Also you should start investing in renewable energy.

Take into account that if you don't make this buffer yourself, you are trusting the pool operator to do it for you, in addition for taking higher fees (ie 4% vs 0.9%). AND, hopefully no one will ever "hack" those wallets the pool operator is keeping with everybody else's money. Of course i know most PPS users are willing to forfeit their earnings if such "rare" event occurs (that would probably close the pool), but then you are also risking to close your operation by depending on the external party.

You "could" slowly move from PPS to PPLNS, a few miner units at a time...

my miners on PPS payout every other day almost consistently - and the fee is 2% so double the fee of Kano but no where near 4% but I do know what you mean about wallets being hacked... over a year ago I lost half a bitcoin when NiceHash was hacked... sure they paid it back, eventually.... but by then BTC had lost quite a bit of value so I still lost out. I no longer use nicehash lol

I will need to stay on PPS until reserves are built up enough to handle long spells of no payments - maybe if i stop buying equipment lol

[PassThePopcorn]

my miners on PPS payout every other day almost consistently - and the fee is 2% so double the fee of Kano but no where near 4% but I do know what you mean about wallets being hacked... over a year ago I lost half a bitcoin when NiceHash was hacked... sure they paid it 3/4 of it back, eventually.... but by then BTC had lost quite a bit of value so I still lost out. I no longer use nicehash lol

I will need to stay on PPS until reserves are built up enough to handle long spells of no payments - maybe if i stop buying equipment lol

Fixed a little mistake there.

I would like to use a PPLNS but with our need sometimes to take hashrate down for periods of time the 5nd would hurt, PPS just pays when they are up. It depends on your business model of what pool you go with, I'm sure as expansion happens it would be possible to move some of the more stable miners to a PPLNS.