KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2440 blocks

[clgrissom3]

There were a few folks over the years that forgot to put in a wallet address when they started their new KanoPool account.  This was in spite of the big red letter warning on the top of each page they saw each time they logged into their account.  All of the payouts they got while having no payout address went into their dust account no matter how large it was if I remember correctly.

[MoparMiningLLC]

There were a few folks over the years that forgot to put in a wallet address when they started their new KanoPool account.  This was in spite of the big red letter warning on the top of each page they saw each time they logged into their account.  All of the payouts they got while having no payout address went into their dust account no matter how large it was if I remember correctly.

ahh that could explain why some would have larger amounts than others.

[kano]

I've done an update to KDB and put it live (already)

With this update, I've changed the pool's N in PPLNS to 3 Days rather than 5Nd as it was before.

So, the next block we find, it will ONLY reward all shares in the 3 Days prior to the block.

For new miners or miners considering joining, this means that it will take 3 days for your shares to 'ramp up' to full reward
as opposed to the 5Nd value that was around 148 days on the last block we found.

This also means that if you leave the pool i.e. no longer mining, after 3 days your shares will have 'ramped down'.

Applying the two above if you have an outage, after 3 days you will have 'ramped down' but also you can then 'ramp back up' within 3 days after you reconnect your miners.

The 'expected' result is still the same as before, however, since the pool is currently small, and the average block time is quite a bit more than 3 days, the variance, due to this change, of your rewards while 'ramping up' or 'ramping down' is much higher.
What this basically means is: that during that 'ramp' (up or down) the expected chance of a reward is 1 in X/3 where X is the average expected days per block based on the current pool hash rate - which is currently about 5 weeks.

Hopefully this will attact more miners, and help us get that average block time much more regular!

Come visit Discord with the link on the Home Page if you have any questions.

[VRobb]

So all us long term miners just lost MONTHS of shares?? I recall you said you'd never do this. 

[clgrissom3]

Thanks Kano!  The long 'ramp up' time seems to have been a big hang up for miners that were considering joining the KanoPool.  The 3 day N should make it much easier to get to full TH.

[kano]

So all us long term miners just lost MONTHS of shares?? I recall you said you'd never do this.  

If you are still mining, you haven't lost anything.
Most long term miners will find that the reward on the next block will be higher than the last one
assuming the pool hash rate is the same.

[dede021385]

Hello,
if with the new ramp I just lost months of gains.
I disconnected my miners (profitability) with the old calculation my ramp should have gone down slowly to 0 for several weeks) or it just went to 0.
it's not cool

[clgrissom3]

Hello,
if with the new ramp I just lost months of gains.
I disconnected my miners (profitability) with the old calculation my ramp should have gone down slowly to 0 for several weeks) or it just went to 0.
it's not cool

And if you had stayed your next payout could have been higher than you expected.  It's all about choices.

[wndsnb]

Thanks for the non-"evil empire" option Kano. I couldn't move before with the long ramp-up and halving coming up, but now that that's not an issue, I'm in.

[VRobb]

I've got about 260th/s pointed here and I've been mining here for 2 years. When I joined the 5nd was like 36 hours and made way more sense than it does now. I would agree that 5nd could be shortened to 3nd or even a 1nd with our current hashrate. I think it would attract lot more new miners. Every time I have brought this up in the past it was shot down. Kano was against changing because it increases the variance and would be to the detriment of those who already reached the 5nd.

[rifleman74]

So all us long term miners just lost MONTHS of shares?? I recall you said you'd never do this. 

You may want to re-read what kano did again. 

[Steamtyme]

It really only affects users who left with all or part of their hashrate in the last few months. If you weren't paying attention that this was coming and were so inclined to move all or some of your hashrate back before the switch you lost shares, if a block is found in the timeframe that you would have still received a payout
Moving forward you can re-evaluate and decide if you want to come back - 3 days and you are fully ramped up. This is beneficial to any small miner who couldn't fathom waiting 60 days or whatever it was for the full 5ND ramp up.
It does suck for people who ramped up fully under the steady reminder that you would receive a 5ND rampdown period. Like any service though it's at the discretion of the service provider.

[rifleman74]

It really only affects users who left with all or part of their hashrate in the last few months. If you weren't paying attention that this was coming and were so inclined to move all or some of your hashrate back before the switch you lost shares, if a block is found in the timeframe that you would have still received a payout
Moving forward you can re-evaluate and decide if you want to come back - 3 days and you are fully ramped up. This is beneficial to any small miner who couldn't fathom waiting 60 days or whatever it was for the full 5ND ramp up.
It does suck for people who ramped up fully under the steady reminder that you would receive a 5ND rampdown period. Like any service though it's at the discretion of the service provider.

Exactly.  3 day ramp is so much better for everyone all the way around. 

[clgrissom3]

The real benefit is it could help the pool get back to a size that is relevant to today's mining environment.  There have been several larger miners that wanted to mine here but could not wait for the long ramp-up period.  The fixed time, 3-day ramp would make it easier for those miners to justify taking advantage of the low pool fees (plus txns) here on KanoPool.  Getting the pool size back up is a benefit to all of us.

[kano]

I've got about 260th/s pointed here and I've been mining here for 2 years. When I joined the 5nd was like 36 hours and made way more sense than it does now. I would agree that 5nd could be shortened to 3nd or even a 1nd with our current hashrate. I think it would attract lot more new miners. Every time I have brought this up in the past it was shot down. Kano was against changing because it increases the variance and would be to the detriment of those who already reached the 5nd.

... and what was the "ramp" then?

If you check history on your "Rewards", you can see what it was.
"N Range"

However, in 2017 April to October the ramp was mostly ... around 3 days or less.

The problem with us getting so small in the past year, is the "ramp" has gotten out of control - almost 200 days.
It seems often I hear the obvious that people don't want to join a pool where their reward will be paid out slowly over the next 100-200 days.

Setting it to 3 Days solves that problem permanently.

--

Anyway, for anyone else who's unhappy about it ... ... ... coz they left the pool ... ... ... point your miners here and in 3 days you'll be back where you were before.

--

Edit: I told everyone in Discord about it on 1-Jan-2020 ... and a lively discussion ensued
There has been a lot of discourse on it since then.

And ... REMINDER that everyone who finds a block (for the next 18 before the halving) gets a bonus 0.1 BTC

[clgrissom3]

And ... REMINDER that everyone who finds a block (for the next 18 before the halving) gets a bonus 0.1 BTC

That reminds me...I need to beat my miners to spur them on.  I need to get me a piece of that bonus pie!

[MoparMiningLLC]

And ... REMINDER that everyone who finds a block (for the next 18 before the halving) gets a bonus 0.1 BTC

That reminds me...I need to beat my miners to spur them on.  I need to get me a piece of that bonus pie!

right? would be awesome if i found my first one while the bonus is in play.

[Biodom]

The pool did not score since Dec 16, I get that, but now it's all cancelled.
Good lesson not to believe in ramp down promises.

[kano]

The pool did not score since Dec 16, I get that, but now it is all cancelled.
Good lesson not to believe in ramp down promises.

Well rather than watch the pool die while people keep leaving ... months ago ... I've done something about it.

So can you, and get back to 100% in 3 days by pointing your miners back here.

Good lesson to NOT do nothing when the pool requires a change ...

[Biodom]

The pool did not score since Dec 16, I get that, but now it is all cancelled.
Good lesson not to believe in ramp down promises.

Well rather than watch the pool die while people keep leaving ... months ago ... I've done something about it.

So can you, and get back to 100% in 3 days by pointing your miners back here.

Good lesson to NOT do nothing when the pool requires a change ...

I understand why you did it; not very amused, but, whatever.
Having said that, I hope that you will be able to attract more miners.
I like the pool and it would have been sad to see it go. Maybe this would help.