Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 15. (Read 5352067 times)

Well I designed and wrote the API so I guess that should be OK

While it is feasible, it would be somewhat pointless due to the high power it would use for the very tiny hash rate, as implied by the above post about how old they are.

To compare: e.g. a NewPac USB runs about that hash rate using only a few watts - and NewPacs use old S9 chips.

2014 called, they want that old miner back

Thank you for the quick response!
I logged in and checked the section. If I got it right the rewards are not exactly 1/3 within the first 3 days but get closer to 1/3 the longer the miner continues to run (given the miner runs 8hours/day). I'll try to get the script running and see how it works over time. Am I allowed to post questions regarding the CGminer API on your Discord-channel?

Hi Mr Kano, it is feasible to use your pool, with an Antminer U3 and 2 USB ASIC from Bitfury, they give about 65Gh/s approx.

Best regards and thanks

Well, when we find a block, your reward is based on all the work you have done in the previous 3 days.
So e.g. if you were mining 8 hours a day, you'd expect 1/3 the reward of someone mining 24 hours a day with the same hash rate.

However, it wont be exactly 1/3, it could be higher or lower.

Firstly, read Help->Rewards when you are logged in.
But the point is that the 'tank' maximum and minimum will vary due to the 8 hours on and 16 hours off.
So if we found the next block right at the end of your 8 hours on, your 'tank' would be at the maximum point, but it we found the next block right at the end of your 16 hours off, your 'tank' would be at the minimum point.
i.e. much higher variance due to the on/off mining.

Hello I'm new here and I'm interested to know if it does make sense to run my miner just for a few hours a day. I have written a small script that allows me to use excess energy form my pv-system as soon as the battery is charged. This means the miner would run occasionally and irregularly. Is this a problem for the pool? Cheers!

I was close-ish...lol.  I was figuring it correctly, that was just a rough off the cuff number I came up with, based on comparison time frames and hash rates.

At least you showed me my method was sound as long as a person understands the sliding scales involved. Like you implied, it's more of a range that one can predict with any degree of confidence.

Thank you Kano, I'm honored you answered personally!

As a network engineer I salute you for your SLA numbers, especially uptime, and performance.

I hope we hit one before it gets too warm in Western New York.

I usually have to quit mining around end of May or risk frying some boards.

Best, Mark

If you mined to an address and an account with the same address - they were sent the total dust balance of the two.
If you mined to an address on it's own that wasn't also on an account, and the balance was above dust, it was sent also.

OK

thank you!

Another question: I'm not always mined to the account directly. I used instead BTC Adresses to mine (don't know with one anymore)....   Are there any other dust payments in plan for the next time?

Greetings


Fingolfin

P.S.

Thanks that you are the meaning that no additional donations required. But the duty is written to philipma using and escrwow adress for ...   so, in my world / word i still have an 0.01 BTC Duty to a adress manageg by philipma

Thanks at all

S1, S2 & S3 firmware still here:
https://bitbucket.org/TheKano/cgminer-binaries/src/master/

No new donations required.
There's no S5.

Dust was sent to that account in Feb/March

Thanks for the dust Kano. Now I'll have some mining income for my "Bitcoin Mining and Trading" business in 2021 instead of just capital gains. Maybe the IRS will send me fewer love letters.

Must be your connection to discord?
It's up and running with plenty of people connected as usual.
I did see your name appear, but left again shortly after that.

I can't seem to get into the discord.

It always shows your Discord server as down to a temporary outage... any idea?

Quote from discord

Of course if the pool hash rate is lower than 10PH/s when we find a block, then a lower miner hash rate would earn above dust.
And of course if it's higher, then a higher miner hash rate would earn above dust.

The new payout code, that I used to pay the old dust, handles this for block payouts also.
It adds up your owed dust and adds that to the new block reward - if that total is more than dust then it will be sent.

Edit: and of course you can set a higher payout limit.

Its around 500Ghs to be eligible for payout.

Can someone tell a beginner what the minimum hash rate to receive a reward is on KanoPool?

TNX

Easiest way to check this at any time, is the web link - I wrote MANY years ago and update on occasion:
http://tradebtc.net/bitcalc.php
... and just press enter.

It fills in the pool hash rate with the current KanoPool hash rate when you first visit.

The lines of interest (at the moment) are:

So 1/0.0077 = 129.87 means: we have a 1 in 129.87 chance of finding a block each day at the current Bitcoin network difficulty.

Now the mistake that most people fall into is that you can't actually say that we'd expect one block every 129.87 days
Since difficulty changes every 2 weeks, it's not linear at all.

If you extend that "1 in 129.87 chance" to say "oh that's 2.81 blocks a year", it's not actually correct.
Though it may give you some idea about how often we might find a block, it's definitely not an accurate representation of the expected number of blocks.

A simple example to explain this:
Say you want to roll a 6 on a dice.
You're allowed to roll it 2 times today, then once every day after today.
What is the expected number of days to roll a 6?
The correct answer is 5 days 2+1+1+1+1 = 6
But if you take today's value of '2' rolls a day and use that to calculate it - you get, incorrectly, 3 days (since 2x3 = 6)

This dice example is exactly the same as incorrectly saying "today's difficulty for the next 365 days means 2.81 blocks a year."
The problem of course is that we don't know what the difficultly will be in 2 weeks.
However, we do know that for the next 5-6 months it will most likely go up since most miner pre-orders are around 5-6 months.

Thus if the pool stayed at 8.866 PH/s for the next year, then we expect less than 2.81 blocks.

Lastly, and of most importance, is the word 'expect'
As explained on the Help->Luck page on the web site, it's not what we will get, it's what we 'mathematically' would expect to get.
We may get 0, 1, 5, or even 10.
But we expect, on average, to get 1 block for each 100% of difficulty hashes the pool does.
(and also all the other small pools incorrectly show the % a lot lower than it really is)

Hi, Please help me with the math here...

so as of today 4/11/2021 assuming avg 100% difficulty, and assuming today's total bitcoin hashrate, and assume our pool is running at 8PHs/sec... how many blocks should we find over a year? ( and yes i realize it's all a sliding math thing so it technically changes every day).

But based on rough math what does that number look like currently?

2 ?  maybe 3 ?

Curious to see if I'm even close.

Also welcome to all new miners or congrats to whoever added to their farm!

Nope. It's just a minor annoyance thass easily fixed.