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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1475. (Read 5352420 times)

legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
http://www.newmusicbox.org/articles/From-Computer-Models-of-Musical-Creativity/

for those of you in doubt.. please inform yourselves!

Best Regards
d57heinz

Please read the WHole article..

edit and please understand this..  https://en.wikipedia.org/wiki/Cognitive_dissonance

little excerpt from it.

"Programming languages provide so-called random processes that produce unpredictable results. However, computer randomness (often called pseudo randomness) is actually deterministic. The reason for this is that deterministic algorithms—the basis for all computation—produce deterministic outcomes. Whenever a programmer calls upon a computer language’s random function, that programmer is depending on the irrelevance of the data chosen to provide the sense of randomness. Given enough time and provided with the generating algorithm, programmers could accurately predict each new datum produced by computer pseudo randomness"
hero member
Activity: 723
Merit: 519
Good bye AntPoo, hello kano  Smiley

Welcome back. As others have previously stated, you are better off staying put on Kano CKPool rather than pool hopping.

@ dilmurod
What type of gear are you running? I was thinking about shutting down some old s3's for the summer months (higher electric rate)but after seeing you hit a block I am encouraged to reconsider that thought.
legendary
Activity: 1834
Merit: 1080
---- winter*juvia -----
...
Just curious....how much do you actually mine yourself?
Well for quite a while now I mine 18hrs a day, since in the middle of the day it costs me around 40c/kWhr so that'd never happen Tongue
Currently it's only one Avalon6 (I can only really run 2 due to power limitations) so around 3.6THs 3/4 of the day.
It was 2 of them since December but recently I fried half of one due to weird circumstances and it's now upstairs and too loud to run so it's off until I either swap in a quieter fan from something else or just leave it off. It's not very loud, but loud enough to not want it on during the night.
You can of course see my hash rate on the list with everyone else Smiley

Edit: as clgrissom3 said

and I thought me paying 14c/kwhr is high..... 40c/kwh is just crazy down under, aud and sgd is around the same ROE.

someone should take a list on power rates across all countries... will not be surprise if we have a kano miner in Iceland with 3c/kwhr !
newbie
Activity: 33
Merit: 0
Good bye AntPoo, hello kano  Smiley
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
This is not good...I know there were some Kano miners hoping to add to their hash by using the $100 coupons that expire on the 11th...maybe they will have a new batch before the coupons expire!

Quote
AntMiner S7 BATCH 16(S7-F1) with 4.73th/s is SOLD OUT. Please wait for updates and new Batch soon. All PAID orders will be shipped out soon.

I'm glad I ordered mine on saturday...

I was going to make another purchase today.

Potential Options:

1.  New Batch Release - Used Models (old batches from Bitmain Farm)
2.  New Model - Maybe Modified S7(going back to 2 fan) or New S8 (double or triple S7) or New S9
zOU
hero member
Activity: 728
Merit: 500
★ these are stars ★
This is not good...I know there were some Kano miners hoping to add to their hash by using the $100 coupons that expire on the 11th...maybe they will have a new batch before the coupons expire!

Quote
AntMiner S7 BATCH 16(S7-F1) with 4.73th/s is SOLD OUT. Please wait for updates and new Batch soon. All PAID orders will be shipped out soon.

I'm glad I ordered mine on saturday...
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
...
Just curious....how much do you actually mine yourself?
Well for quite a while now I mine 18hrs a day, since in the middle of the day it costs me around 40c/kWhr so that'd never happen Tongue
Currently it's only one Avalon6 (I can only really run 2 due to power limitations) so around 3.6THs 3/4 of the day.
It was 2 of them since December but recently I fried half of one due to weird circumstances and it's now upstairs and too loud to run so it's off until I either swap in a quieter fan from something else or just leave it off. It's not very loud, but loud enough to not want it on during the night.
You can of course see my hash rate on the list with everyone else Smiley

Edit: as clgrissom3 said
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
This is not good...I know there were some Kano miners hoping to add to their hash by using the $100 coupons that expire on the 11th...maybe they will have a new batch before the coupons expire!

Quote
AntMiner S7 BATCH 16(S7-F1) with 4.73th/s is SOLD OUT. Please wait for updates and new Batch soon. All PAID orders will be shipped out soon.
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Well there's some minor confusion in that, that I don't quite follow his wording Smiley
So I'll repeat stuff I've said before and explain it in more detail.

I the past, I paid all the transaction fees from my mining.
No one else had to pay for any txn fees.
Firstly, I used to put 0.002 fee on each transaction - about $140 a month - no big deal.
It seems that bitcoin wants about 0.02 fee or there abouts.
That would be about $1400 a month ... so yeah too much in my opinion.
Our job as a pool is to confirm transactions.
Really it's now pointless using a 0.002 fee since it often doesn't get confirmed by any other pools for hours.

Recently I had my miner off by mistake and when I got to doing the payout my miner total was less than 0.002
So I changed the payout processing to allow me to set a zero fee - i.e. don't take anything from my mining.
I also sorted it out to guarantee that I could ensure the zero fee pool payout transaction would be in our block work.

I've now set the payouts to always be zero fee.
Side effect of it all is the payout will (almost always) only be confirmed by the next block we find after I send the payout.
Current hash rate (30PH) expects on average 3.3 blocks a day, so payouts should be rare to take more than a day.

Zero Fee!  Congrats on the move.....and thank you very much.  .....especially on the payout schedule too. 

Just curious....how much do you actually mine yourself?

Kano is on the Pool Stats page with 3.62THs at the moment...  Grin
sr. member
Activity: 316
Merit: 250
Well there's some minor confusion in that, that I don't quite follow his wording Smiley
So I'll repeat stuff I've said before and explain it in more detail.

I the past, I paid all the transaction fees from my mining.
No one else had to pay for any txn fees.
Firstly, I used to put 0.002 fee on each transaction - about $140 a month - no big deal.
It seems that bitcoin wants about 0.02 fee or there abouts.
That would be about $1400 a month ... so yeah too much in my opinion.
Our job as a pool is to confirm transactions.
Really it's now pointless using a 0.002 fee since it often doesn't get confirmed by any other pools for hours.

Recently I had my miner off by mistake and when I got to doing the payout my miner total was less than 0.002
So I changed the payout processing to allow me to set a zero fee - i.e. don't take anything from my mining.
I also sorted it out to guarantee that I could ensure the zero fee pool payout transaction would be in our block work.

I've now set the payouts to always be zero fee.
Side effect of it all is the payout will (almost always) only be confirmed by the next block we find after I send the payout.
Current hash rate (30PH) expects on average 3.3 blocks a day, so payouts should be rare to take more than a day.

Zero Fee!  Congrats on the move.....and thank you very much.  .....especially on the payout schedule too. 

Just curious....how much do you actually mine yourself?
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
... and while I was typing the above ...

There was a short network drop out to the pool.
It lasted less than 30 seconds so it seemed that few if anyone was actually disconnected.
The hash rate showed 20PH as soon as the network fixed itself (probably due to not seeing any shares for a few seconds) and then shot straight back up to 30PH - meaning that the delayed shares suddenly arrived.

Thus it would appear few if any miners were disconnected by it or lost any shares.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Well there's some minor confusion in that, that I don't quite follow his wording Smiley
So I'll repeat stuff I've said before and explain it in more detail.

I the past, I paid all the transaction fees from my mining.
No one else had to pay for any txn fees.
Firstly, I used to put 0.002 fee on each transaction - about $140 a month - no big deal.
It seems that bitcoin wants about 0.02 fee or there abouts.
That would be about $1400 a month ... so yeah too much in my opinion.
Our job as a pool is to confirm transactions.
Really it's now pointless using a 0.002 fee since it often doesn't get confirmed by any other pools for hours.

Recently I had my miner off by mistake and when I got to doing the payout my miner total was less than 0.002
So I changed the payout processing to allow me to set a zero fee - i.e. don't take anything from my mining.
I also sorted it out to guarantee that I could ensure the zero fee pool payout transaction would be in our block work.

I've now set the payouts to always be zero fee.
Side effect of it all is the payout will (almost always) only be confirmed by the next block we find after I send the payout.
Current hash rate (30PH) expects on average 3.3 blocks a day, so payouts should be rare to take more than a day.
legendary
Activity: 1302
Merit: 1001
To clarify why Kano makes us wait to hit a block for payments to clear.  We had more then 250 miners so a payment has more then 250 entires and takes about 45,000 bytes.

Kano pays a .002 fee to send the block payment. If you want real fast confirm on a 45,000 byte transaction you need .01 not .002.

So we save at least .008 in fees on every payment made.

To top it off almost every fee he pays .002 x 850 = 1.7 coins ends up in the fees  of the blocks we hit.

So we saved at least 6.8 coins. And we added about 1.7 back to our blocks. That is the up side. A gain of 8.5 btc for the pool.  The down side is payments slow up just a bit.

I did a few estimates the one of 6.8 btc in fees not spent and 1.7 btc in fees added back is the conservative estimate.



And we just hit a block so payments will confirm now.

thanks phil for explaining it. (i was not worried but did wonder how that worked also)
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Someone was trying to do a DNS UDP attack on the pool over some of the last half hour and continuing in very small amounts ...
Fortunately that doesn't work Smiley
It seems to come and go, but so far all low enough to cause zero problems.

Just thought I'd mention it in case something does happen in the near future and people can't get at the pool.
newbie
Activity: 22
Merit: 0
Now that we are back at 30PH, could there be a relation between end of rentals and blocks coming through again? Like there is between the disappearance of the pirates and the global warming...
legendary
Activity: 1834
Merit: 1080
---- winter*juvia -----
Finally got my rigs moved over to new man-cave, after being "evicted" from home.

Business as usual now at kano.is and started main gear and rental cycles.

I was caught halfway during my man-cave move, in our "red period", good and bad I guess .... fact of life in mining.

Have faith in the pool - it will have ups and downs, but longterm overall we are 106% - which is still fantastic.

I believe, we will be in the greens in no time.... there is always sunshine after rain.

Even a small 900GHs miner got a block today and it came in right after the pool's top miner 12MTh... that's the kano pool that we know!

Orphans and close calls will always be there - sometime we win those and sometimes not - that's normal lifecycle in mining.

Meanwhile, my new man-cave is slowly coming back to life and my wifey is happy with the new found extra space at home.... in the end, my wife won this "orphan" race on the eviction notice  Huh
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Anyone wondering about the bitcoind state on the pool.
I've completed switching them all over to standard 0.12.1 now.

Edit: oh that comment doesn't read right ... I mean standard in terms of core code, but with -ck's performance enhancements of course Smiley
legendary
Activity: 924
Merit: 1000
Dark Passenger Bitcoin miner 2013,Bitcoin node
hero member
Activity: 770
Merit: 523
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
We shall pull out of the red soon two days of whaling away and back to the green
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