Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1600. (Read 5352367 times)

Why should the price increase and not decrease?

thats a bad prediction. you are looking at from very narrow perspective.

if the reward splits for miners there could also be a 100% increase in price. meaning that nothing has changed.

And you are right...it is what I do with my aquariums...in winter they cost me less than in summer where the windows are widely open.
of course it will not be the end of mining...onmy the end of some miners who are not is your situation.

I use them to heat my house. It works out to be cheaper to heat my house with my miners then with them turned off and heating by my baseboard heaters. I will only mine in cold weather now. It has made me like winter more than I used to. 

If we consider that Bitcoin has a chance of being much more valuable in the future (or also worthless if things go poorly) then depending on where you think the value will go you can offset present losses against future gains. Of course we'll always want to strive for the best short term profit as well to increase our chances at future gains, but it's not the only factor.

Halving will be the "end" for many minermen...
The strongest ones will overlive.
Who will spend cash for losing cash?
After the halving ...people will keep up...and the "give-uper" will then give oxygen to the survivors...
Mining hardware will be traded for low prices...

That's about as clear an explanation as I've heard. My own take is I'm not worrying about it. That's the way Satoshi designed it, and there are good reasons, and I think that's why the system is going to persevere. It's all interactive...reward rate, spot price...and the considerations re mining and power costs figure into that. I'm very fortunate that I have free power where I live, and the landlord is not complaining (they are on massive PV anyway). Mining, however, is only a precursor to the future of Bitcoin. I feel that anyone mining Bitcoin to pay the rent or mortgage should probably learn to play Texas Hold'em and find a good card room. You'll do better, probably. My own objectives are some sort of retirement security that is not dependent on the fiat system (sort of like a 401K) and independent of the stock market, and...seriously...to support the Bitcoin concept and keep it healthy, because I believe it will be critical in our global future. I don't put a lot of mental effort into diff %'s and the other math involved (although I know how to do it...it's just not my favorite thing). I get up in the morning, get a cup of coffee, sit down at the console in my living room that now looks, sounds, and feels like a data center, check kano.is and my wallet, and at least read this forum. That's why I'm here (at kano.is). No BS (well, maybe a little from time to time, but in good humor), no smoke and mirrors, just business and reasonable interaction with intelligent folks. Sorry for the long ramble. Thanks, Kano. You've "done good."

I switched my miners to have two on kano and 2 on ant mine. i'll leave them go for 30 days and see what the results are. I can see the payout here getting better as I stay on, but the found blocks aren't steady. So we'll see what happens. it's looking to me right now that my 4 machines are maching about 0.05btc per day and on antmine I was getting 0.1 per day.

I'm using pplns payout on antmine as well.

whats 12 times the diff amongst friends

Whow, that's over 12 times the difficulty...we all appreciate it here at the kano pool!

block?

never mind late email on the one that came 15 minutes ago

Every 210,000 the coinbase block reward halves.

It was originally 50BTC, then halved at block 210,000 to 25BTC, next will halve again at block 420,000 to 12.5BTC ... etc

Another Block!  This time it's agentcash with 182THs!  This is his 2nd kano block!

Hey guys and girls, I keep seeing about how bitcoin will split in half and I am assuming that means instead of 25 bitcoins per block it will be 12.5 bc per block and at that rate ...ouch..
My question is why will it do that and if anyone knows of more efficient machines or ways of mining because that is going to hurt and I want to grow not shrink.
I read somewhere on forum but can't find it about new chips coming out but can not find any info on it.

Block by fabrizziop with 6.4THs!  He makes it on the Acclaim Board with his first kano block!

Good deal, I see that KNC is also mining empty blocks.

Well, after someone (else) having discussions with Gavin regarding pushing SPV mining in Classic and him saying he will continue to do that ... I guess at least where I stand on that issue is clear.

I certainly have no interest in pushing SPV mining thus none in pushing Classic.
If it happens to unexpectedly get concensus, then we'll obviously switch.
Until then, no block flagging for Classic.

Block by steve1!  That's his 2nd block on kano!

Considering that on some of the other pools a block solve that fast would have likely indicated an empty block, I would say 0.02 in fees is not too shabby.

Our rewards are back to where they were before the kerfuffle. Nice. I can get used to this. Thanks for the work on the share checking, Kano. It really does seem to have been significant. The S7 has shipped. It's a good day.