Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 152. (Read 5352229 times)

And for his next act, he'll criticize Tom Selleck's mustache and Chuck Norris' beard...

Damn, that sucks. Well from what I've been seeing (dealing with the island issues) they carry an optimistic outlook on life, and after the last couple months could use some good news.

I started a thread and someone in there brought some Reddit info, as to what the payout scheme may be.

I'm hoping it stays up to date and eventually gets some concrete numbers.


Calling Kano out on math... why not just challenge (insert legend name here) to a ( insert legends profession) ... excludes Michael Jordan in MLB 

I think Elaine (firetreeactual) got hurt pretty bad in the Mt Gox disaster...She's one I can recall that got caught up in that mess.

Don't melt, snowflake.

My math is correct and is also based on the last 5 blocks ... as it says ... and as the web site says.

Also read the parts in bold red.

I don't predict the future.

Off-topic,

Any oldtimers here who lost funds in the MT. Gox debacle?

I just read Japan changed up the proceeding to force settlement payouts to be in the form of BTC, as opposed to the FIAT option the bankruptcy proceedings would have had.
That is all.

Mine on. Oh yeah got  3 more 741's online today, just waiting for my PSU to show up and I can turn on their loud idiot stepbrother, T9+.

stop acting like a bully, if you did not understand the question just ask for details, you will learn something new every day if you want;


actually your math is wrong; having 4 blocks in a row over 150% the probability is very low; not every 20-22 blocks like you want to tell us;

The hash rate on the pool is based on your submitted shares - since submitted shares is what you are rewarded for.
Shares have variance just like blocks do. Just that you find a lot more shares than blocks
Thus your hash rate shows up and down over e.g. even every shift.

As an example, using the CDF table, on average, a miner hashing at 18 SPM (shares per minute) will take 33.333 seconds or longer to find a share about once every 20.4 hrs.
Yet normally it takes 3.3333 seconds to find a share.
This is calculated from:
A 33.333 second share is a 1000% share i.e. 10 times the expected average time, so on average, over a large sample, once every 22026.5 shares you find will take 10 time the expected share time.
i.e. hashing at average 18 SPM that's once every (22026.5/18) minutes or 20.4 hours

The point of that is to show that clearly over an hour of hashing, your share based hash rate does vary due to expected random variance of finding shares. You get long and short shares - and it would take a day or more to get a close estimate of the miner hash rate based on the shares, assuming the miner hash rate was always constant also (which it wont be)

The hash rate on the miner (and anything using the API to read that) is dependent upon a few things:
1) It will have a long term hash rate that of course will not match what it's current hash rate is, since the hash rate even on the miner will go up and down a bit.
2) The miner itself may reports 1 diff shares or pool diff shares, so that will affect how much variance the miner hash rate will show
3) The miner hash rate is an estimate, not an exact calculation.

Can someone tell me why my hasrateunder "workers" is different then the stated hasrate thats displayed in Awesome miner, and the miner itself?
difference goes up to some Th per miner sometimes...?

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Another exchange hacked. You would think that all the money they made last year these companies would hire security experts to constantly try and hack into their system; instead of finding out the hard way by someone else.

Sad Panda

Actually it's fixed per kW of measured power use so it's fixed to me unless they raise or lower the hosting fees and it's only gone down a couple of times in the past 4 years.  Each machine pulls a different amount of power but I just look at the total cost per year and divide by 365 to get my total daily cost.

You are right about switching to buying BTC in general but I always try to buy some on the big dips anyway.  That has worked out well for the most part.

EDIT:  I guess we all will be in that boat where our profits will eventually turn negative and we have to decide how long to operate that way...unless the price of BTC jumps back up

Coupon has been sold to a Kano member who put it to good use

I guess that it is nice to have fixed hosting fees, no matter if you are running a 11.85th or a 14th machine
My somewhat older models got about $30-40 less in btc than electricity cost.
This is, of course, just a beginning and I don't care about a small loss.
At some point, though, it might become easier to just buy btc, which would be detrimental to the network since work will be concentrating even more in lower cost areas like China.

Let me respond slightly differently:

Every "profit switching" pool I know of (and I helped support one for a few years) basically looks at the current exchange rate and coin difficulty to determine which is the most profitable at the time.  What they CAN NOT do is predict what will be the most profitable at the time any found block is matured enough to sell the proceeds.  Using Bitcoin as an example, if you find a block you can not spend that block for an additional 100 confirms.  At 10 minutes each that is about 16.7 hours into the future.  Sites like http://fork.lol will help you visualize this - pick any point on that graph, then look 17 or so hours into the future to see if it was right...

What is worse, especially for alt coins, is that few, if any, profit switching pools look at the order depth for the coin.  Thus a coin may LOOK more profitable, but if you attempted to sell a block rewards worth, you might flood the marketspace.  Hang out on an exchange like Poloniex sometime and see just how shallow most market spaces are.

So to be really accurate, you would need TWO crystal balls that can tell the future...  shy of that, your just guessing.  How does the saying go?  "Past performance is not indicitive of future results".  Required wording on all financial statements in the USA.

I guess it depends on each person's situation...for me my total daily cost for all of my 20 machines is $61.04 (fixed fees) and based on today's spot price I have averaged $72.96 per day so far this month.  So I'm slight ahead for June and I was way ahead in May.

However I don't pay much attention to that...I fortunately hit my lifetime breakeven point in September 2017 (incorrectly referred to as ROI by most miners) and thanks to some timely BTC sells I made in November and December of last year, I am about $32K in the positive lifetime after the $48K I spent earlier this year to upgrade all of my older S7s/A721s and for a years worth of host fees for all of my machines.  It's the long term picture I pay attention to...

so... If i understand correct, there is a sort of system in it, and not just pure luck?

Same here, although only slightly negative. As I mentioned before on here I'm treating this as an investment so I'm not too terribly concerned about it as long as it doesn't go too negative.

However, there is anothing thing with the big network difficulty increase and the dropping BTC price on the exchanges to consider. it is at the point where I would get the same amount of BTC if I shut down my miners and spent the money I would have spent on electricity to just buy BTC on an exchange. My electricity costs are on the high end of what is practical so others probably have more room still. For now, I'm still mining and counting on the BTC price to start rising again soon.

According to my minergain account with a single S9, based on the prices that the block was found, I made $114 which currently is worth $97 since I am HODL.  My power is .124 per kw, so just under $140 to power it for the month.  So yes, a bit of a loss.  The crazy part is that I just bought and installed 2 more S9's for way less then my first S9 since there are so many coupons going around from bm and they delivered it in a little over a week.  I have bought btc straight out and had more of a loss on that so far.  So it really is whether you believe in the long term opportunity of BTC and whether you can pay for your power and HODL.

somewhat lower luck and btc price dynamics this month brought me into the minus territory.
what's the kano miners overall situation, if i may ask?