Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1055. (Read 5352445 times)

Yep, your hash rate is what decides, not the pool's average time to find a block.

Every 2016 blocks, it (usually) gets harder to find a block.

To find a block, you must find a hash value that is lower than the bitcoin difficulty (on all pools and all miners)
That difficulty is currently 440,779,902,286.5892
So you must find a share with it's "difficulty value" above that number, to find a block.

That number represents a difficulty that means: the average expected time for the power of all miners on the planet, to find a block, is 10 minutes.

Every 2016 blocks (about 2 weeks) bitcoin readjusts the difficulty, based on 2015 of those 2016 past blocks, so that the 10 minute average is expected.

If more miners are added over those 2 weeks then the difficulty gets harder.
If people turn off more miners than are added, then the difficulty may get easier.
Of course, it almost always gets harder.

Just joined the pool hope all is up and hashing for the pool.... Worker name is LVMining....... Ordered 2 s9's only 1 received so far 13.8 TH/s...so will be doubling in a couple weeks....Thanks for the help earlier....

yup, I failed to mention that the reason for this is calculating to study if investing in more equipment is actually a good thing or I would be better off by just buying bitcoins and letting my money grow with the exchange rate.
That's why in my first post I made reference to hitting the 1 EUR/day*THs of equipment I have.
So that vble. matters to me to make the decission to increase my hash rate as in the big numbers i will hardly be affecting the time but my reward would growing proportionally to the increase i make to my own "production" of hashes.

That's actually I do not quite grasp. What is a "diff"? I failed to find info about it.
Thanks for your answers btw.

You missed my first point.
The time the pool takes to find a block is dependent upon the hash rate.

It doesn't matter if the average time doubles when the hash rate halves.
Time isn't the number used anywhere in the calculation of rewards or luck.
The total diff of the total shares is what matters.

If tomorrow the pool hash rate doubled then we'd expect to find twice as many blocks.
But your reward would not increase.
Each block you'd be paid half what you would be getting, vs if the pool hash rate didn't double.

Your hash rate determines your expected reward, not the pool hash rate and not the average time finding blocks.

You can see the pool hash rate history for when you were mining - it shows the hash rate for the 5Nd for each block you get a reward.

... after all that, you then apply diff changes ...

Thanks kano, and phillip. You are right that the given information is not complete. It was quite late yesterday as I wrote that.
I do understand the energy cost is the main factor here together with the infra cost to hit ROI asap so that's why these 2 variables are important in my opinion.
1/ The first column is average number of hours to find a block by the pool (and get paid). Energy price is a given data. it's a constant practically. there is not much i can do about it at this point so the variable that makes me make profit or not is actually the number of hours that the equipment takes to make coins. (the point of ignorance on my side is if the number of hours you are mining affects the amount of money you make. My understanding is that only the relative hash power to the pool (column2) and the speed in which blocks are found are the 2 main variables that determine how much I make per day in average.
Why am I considering mining not a long run thing with this data? because the curve shows increasing times in the pool. (I know luck is a variable but as you cannot affect it it's wise not to think much of it)

2/ The second column is average number of hashes to find a block, as I know how many hashes/s I have this tries to measure how un/important is my share of work and how it's evolving given the difficulty. That is, how many calculations are actually made for one reason or another in every block as average. This column is not nice in my opinion and affects you infra investment as in a very short period it's in its way to double the numbers from the summer and, as mentioned in my previous post, there are quite a few more s9 comming in shortly.
Why am I considering mining not a long run thing with this data? because you want to keep up with lineal slope of this trend to make the money you were making yesterday.

seeing this in the table is quite arid, I know, unfortunately I cannot upload a pic of the graph to illustrate the points at this moment.

So that's my thinking. I understand they are not the traditional mining ratios but I dont think that it means necessarily that they are not representing a reality. But again, i might be wrong.

Cool.  Gotcha. Thanks. SG. Who can forget them?  It's like the Netherlands, but with fewer bikes (?) ...

sg is singapore, and main server is in Las Vegas, I believe.

I wish there was an emoji for something flying over my head.  I guess this will do:  
I'm glad you know, monitor and share this stuff.  Gracias.

Any idea where geographically?

Put my four S9's back on the pool for the foreseeable future. 
I know it's nothing massive, but every little 50TH helps! Wish I had double that hash.

(I was only running the three S7's on the pool, partly as space heaters for the far-reaches of the house and to help out a little bit with hash for the pool. However it's gotten too warm around here to run them. The heat in the house even with the windows open is unbearable! )

So, I've put the four S9's from the "coin room" back on Kano. They have good air flow in and out, so the temps are all good. I love the pool luck for the month so far. It's a far cry from December! 

Spot coin price made me take a double take when I looked at it today at work. I hope it hold these gains (or increase!) at least till the end of the month. 

Let's get down to some block-cracking!! 
BLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!

CHEERS ALL!! 

A couple of mistakes in there

Time isn't (usually) a factor in rewards.
If the pool hash rate halves, then the pool will find half as many blocks, but your reward per block will double.

The factor that is relevant is difficulty.
As difficulty increases, your expected reward decreases in proportion with the difficulty increase.

Also as Phil has said, electricity cost is one of the main big factors in determining your return.
The other main ones are cost of hardware and reliability of hardware.

Aside: Time becomes a factor if we don't find enough blocks per difficulty change, since then more of your rewards are affected by later difficulty changes.

can not help you since  information needed is not given by you.

Your information  needs to show us what you pay for power.

Here is a clue if you are at 10 USA cents a kwatt  it will be hard for you to make money.

So plain and simple  what does your power cost

12 USA cents?
11 USA cents?
10 USA cents?
 9 USA cents?
 8 USA cents?
 7 USA cents?

higher then 12 cents  you will almost certainly lose
lower then 7 usa cent you should make some money



IF YOUR POWER IS FREE:

The difficulty of finding coin means nothing.
The price of btc means nothing.

BUT if your power costs a lot you are pretty much dead.

To simplify I used to earn 1-1.5 btc per day back in 2012   but coins were 6 dollars and the diff was low .    i had a free power deal and  split the coins with the guy giving me the free power.  we earned around 100 coins each  worth about  800 usd for all 100.

But if the power was full price we would have spent 2000 usd on power.

Hi all,
I have been calculating how good is all this mining sorcery. I calculated these tables that actually do not help to trust tht mining is a medium/long term profitable activity. I am loosing faith.
Average hours invested to find a block
Total PetaHashes invested in finding a block (based on pool's average of hashing power)
UTC Month   Hours2Block   TotPH2Block
2017 Feb…   20.44   1511008
2017 Jan   18.6   1516644
2016 Dec   18.15   1870307.12
2016 Nov   10.29   1242308.57
2016 Oct   9.07   1059274.54
2016 Sep   6.55   995328
2016 Aug   5.9   964861.71
2016 Jul   5.9   923622.86


In my world of wonderful any net profit below 1€/day/THs is financial madness. I have barely been making this sort of income but I thought that I just had to be patient in order to see some improvement. This ratios (on the table above) however show a dark future especially with the expectected increase of Total hashing power after March and subsequent increase of difficulty.

Please comment any concerns about the point or my thinking with the numbers, but let me highlight that this is NOT a post against how the pool works or if that other pool is better or anything of the sort. be nice.

On the SG node, there was one of those node glitches at 10:07 UTC
Everyone (of the 9 users on the SG node) reconnected immediately, but it was a failover and fail back which takes 5 minutes in cgminer.

It's good to see our block streak continues! 

look at these last blocks  30 big 2 small very nice

14.46186043
15.05670849
13.70210197
13.80081063
13.39548158
13.84373797
13.30015151
13.65330505
13.08789120
13.58443476
13.67401040
13.30664582
14.42762603
13.26807996
13.12714989

12.51019309
   
13.08113903
13.26423833   
13.60508726   
14.21129383   
13.68247398   
13.82604787   
13.22905084   
13.12236646   
13.92007548   
13.50644192   
13.59217273   
13.78185934   
13.35504256   
13.38025844      
13.18544123      

12.68295826


been 19 minutes since last block  could we do back to back?


also price is pushing  1150  with diff only at .5%

A nice morning today.

Another juicy block..yippee! Grin

nice very nice indeed!

14.46186043
15.05670849
13.70210197
13.80081063
13.39548158
13.84373797
13.30015151
13.65330505
13.08789120
13.58443476
13.67401040
13.30664582
14.42762603
13.26807996
13.12714989

Block! by blockmines
Almost 2BTC in txn fees
S9v2

Passthru (both) restarted without a hitch.
User and worker counts are back to what they were, so seemed to have most if not all reconnect without failover.
Hash rate is back up to where it was just before I restarted the passthru.

Mine on

Welcome! Just some unsolicited suggestions on the dryer ducting... I'm currently testing a setup in that way with (3) Avalon 741 miners, each with a 3d-printed 120mm fan to 4" dryer duct adapter and semi-rigid ducting. After lots of reconfiguration, I have them at stable temps in a 4" => 6" (6x8 wye) => 8" (8x10 wye) => 10" (trunk) running directly to a 10" wall cap to send the hot air right outside. Also helps to reduce some of the fan noise in my "semi-commercial" datacenter room. The most critical tips I can give are (1) put the miners as close to your exit wall as possible to reduce/eliminate any angles, especially 90deg ones, in the ducts. If at all possible, just give them their own exit vent. (2) it's critical (for the Avalon or the S9's) to keep room/inlet temps below about 28-30C and make sure you have fresh air coming in somehow (inlet vent/AC/etc.) because of the negative air pressure (3) give these things plenty of airflow. 10" duct is already pushing the limits of my three miners in terms of restricting airflow.... my HVAC guy was blown away (pun intended) when I told him these "computer fans" can move 250CFM per fan at top speed. A better solution if you have the space would be a hot/cold channel... you could host a lot more miners in that configuration and just have a big fan at the end of the hot channel sending it outside or feeding back into an AC unit. Good luck! Curious to hear what you come up with in the Vegas summer as I'm in the midwest.