Post
Topic
Board Pools
Re: [30+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL
by
citronick
on 16/10/2016, 16:19:46 UTC
I'm on pool many time and at once with low power find block on pplns, but don't know that Kano put a pig to all of us.
Very good, that blocks accepted without comissions by pool.
But how we can spend this bitcoins? I try to move 1btc, but transaction weight about 100kb, because so many inputs. It's the biggest comission.
I think it not more good as SPV mining with empty blocks. Blocks with synthetical rubbish - analog of empty blocks for network.
For miners pool Kano is pool with hide comission about 5-10% for use mining bitcoins by time.
Of course, if you power more big - this comission less, but for big money you need too less inputs.
Therefore people go out from pool, because china frends not so honest, but not do this harm to their miners and network at all.
Pool is vitally important minimal limit settings for output.
I think I understand this. So first of all, the pool does take a comission - 0.9% off the block reward. How can you spend the Bitcoin? High fees because of the Bitcoin network isn't Kano's fault, though it could help if there was an option to set a payout threshold. If your not in a rush to send funds, you can send a small fee transaction (0.002 BTC fees for 100kb maybe) and eventually it will be confirmed, when the network isn't as busy. Kano confirms all non free transactions, so eventually it should be confirmed. SPV mining is worse because it might create a large orphan chain, as they don't verify the transactions and normal mining will confirm mostly legitimite transactions. Combining lots of inputs happens quite a bit, and I wouldn't call it rubbish.

You can try mining to a wallet service that covers transaction fees for you, like coinbase. Just make sure not to keep too much BTC in there at a time.

makes sense....

Amusing that "Kano giving us pigs" comment.