Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1118. (Read 5352229 times)
December 23, 2016, 12:49:56 PM
Block by amir with 68TH/s! Welcome to the Acclaim Board with your 1st Kano block! This is our 1st of the day
December 23, 2016, 11:30:33 AM
Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
some specifics to what @kano said...
accumulate btc for 50-100 tx (from the pool) to wallet#1, then transfer all in one go to wallet#2.
you can use just 20 satoshis/byte, so 0.005 btc in fees for 100 tx consolidation or 0.0025 for 50tx
You will have to wait several hours (or until kano gets a block) for confirmation, typically.
December 23, 2016, 10:55:49 AM
Hey kano whats your opinion on Scaling Bitcoin with Secure Hardware... as mentioned here: http://hackingdistributed.com/2016/12/22/scaling-bitcoin-with-secure-hardware/ ?
Emin Gün Sirer , enough said
December 23, 2016, 10:41:17 AM
Hey kano whats your opinion on Scaling Bitcoin with Secure Hardware... as mentioned here: http://hackingdistributed.com/2016/12/22/scaling-bitcoin-with-secure-hardware/ ?
December 23, 2016, 09:00:35 AM
Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
If you run your own wallet (as you should 
), you'd have to consolidate your payouts every so often.This can be done with a very low fee since it's not urgent.
The pool will also confirm it if it's in the mempool when we find a block and there's enough space.
I guess you just have to plan ahead.
But I guess the other point about it is, that you pay no txn fees to receive the payouts.
Your mining reward is what you get (and the reward itself only has a 0.9% pool fee)
December 23, 2016, 07:12:18 AM
S9v1 is very roughly 1/4 of the pool over the last 2 3 weeks.
P.S. no more comments about who owns F2Pool unless they are fact based.
P.S. no more comments about who owns F2Pool unless they are fact based.
Thanks for info.
December 23, 2016, 05:20:33 AM
Hi usukan, thanks for confirming. I thought I missed a part, but that's exactly how I did, at least the second time I transferred something... 
Merry Christmas guys and lots of Blocks as nice presents!
Merry Christmas guys and lots of Blocks as nice presents! 
December 23, 2016, 04:54:07 AM
Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
I know your problem exactly - and no way to escape but pay min fee to consolidate payments to another address and wait at least a day sometimes for trans to clear - from new address you can get fast confs with a low but competitive fee
December 23, 2016, 04:15:56 AM
Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
December 23, 2016, 04:00:34 AM
Hi guys, hope you're doing well... I started (yip, late, I know...) with Mining at Kano about one month ago. I was happy as Blocks were found and reward being transferred to my wallet. What I didn't think of was the transaction fees and the quite huge transaction size due to the small payouts (S7 miner). Did I miss a way to avoid this or lower these?
Best regards
Daniel
Best regards
Daniel
Daniel, actually Kano pool charges one of the lowest fee. o.9% if I'am correct. Some pool charges as much as 2.4%. I think what you are experiencing is the use PPLNS (Pay Per Last N Shares). You need to do some reading on this and understand how it work. Noting lost nothing gain it is just a payment method which control miner that try to ride luck.
We need BLOCK. Friday here already
December 23, 2016, 03:40:37 AM
Hi guys, hope you're doing well... I started (yip, late, I know...) with Mining at Kano about one month ago. I was happy as Blocks were found and reward being transferred to my wallet. What I didn't think of was the transaction fees and the quite huge transaction size due to the small payouts (S7 miner). Did I miss a way to avoid this or lower these?
Best regards
Daniel
Best regards
Daniel
December 23, 2016, 02:47:17 AM
Yesterday and perhaps today also was a record in BTC trading level. I'm reading that 98.8% of all trading "Buying/Selling" was done inside China! AND that's scare the sh&( out of me
Then maybe you should be trading more.You bet I'am ... I'm selling them all. Might just buy Ether with them!
December 23, 2016, 02:33:58 AM
Yesterday and perhaps today also was a record in BTC trading level. I'm reading that 98.8% of all trading "Buying/Selling" was done inside China! AND that's scare the sh&( out of me
Then maybe you should be trading more. December 23, 2016, 02:29:56 AM
Yeah, no, it's not. 
Yeah and unicorns are real.
No they don't .
But f2pool was spun off from ant pool a few years back.
So,if you choose to,believe they are fully independent pool with no affiliations with ant pool then you probably believe Unicorns are real bro
As for me I would like to believe you are an older member that has changed your logo and come back to,troll the forum.
Back to,Kano pool luck still sucks I have a question how much is s9 of our 30 ph?
Yesterday and perhaps today also was a record in BTC trading level. I'm reading that 98.8% of all trading "Buying/Selling" was done inside China! AND that's scare the sh&( out of me
December 23, 2016, 01:33:56 AM
S9v1 is very roughly 1/4 of the pool over the last 2 3 weeks.
P.S. no more comments about who owns F2Pool unless they are fact based.
P.S. no more comments about who owns F2Pool unless they are fact based.
December 23, 2016, 01:20:31 AM
No they don't .
But f2pool was spun off from ant pool a few years back.
So,if you choose to,believe they are fully independent pool with no affiliations with ant pool then you probably believe Unicorns are real bro
...
Again, no. Antpool came a year and a half after F2Pool ("Discus Fish"). But I can see how easily one like yourself could confuse Wang Chun and Wu Jihan (the do sound the same if you have a mouth full of marbles). But f2pool was spun off from ant pool a few years back.
So,if you choose to,believe they are fully independent pool with no affiliations with ant pool then you probably believe Unicorns are real bro
...
December 23, 2016, 12:39:41 AM
Yeah, no, it's not.
Yeah and unicorns are real.No they don't .
But f2pool was spun off from ant pool a few years back.
So,if you choose to,believe they are fully independent pool with no affiliations with ant pool then you probably believe Unicorns are real bro
As for me I would like to believe you are an older member that has changed your logo and come back to,troll the forum.
Back to,Kano pool luck still sucks I have a question how much is s9 of our 30 ph?
December 23, 2016, 12:17:16 AM
Yeah, no, it's not.
Yeah and unicorns are real. December 23, 2016, 12:09:57 AM
... and since f2pool is run by bitmaintech....
Yeah, no, it's not. Yeah and unicorns are real.
December 23, 2016, 12:03:46 AM
... and since f2pool is run by bitmaintech....
Yeah, no, it's not. Jump to: