Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1875. (Read 5352367 times)

play around with setting like doubling and halving bitcoin value.

i weakly justify my S5 with solar, fun and bitcoin support.   
 
mainly solar to bitcoin  , when dealing with WAF.

It was good !

Almost all miners in list cost more electricity to run than what they produce in worth of BTC.
Even my own S7 takes about 50% of the profit in electricity cost.

I like it 

i scrambled together my own for learning purposes.   non verified, but another reference:
http://23.108.83.12/miner.html

I used my Rewards thing on http://ckpoolmonitor.zachmonroe.com to get:

2015-12-08  to  2016-01-07
Average Hashrate = 16.243 TH/s
Total BTC = 3.04847623

I used https://bitcoinwisdom.com/bitcoin/calculator

I put in :
Difficulty Increment = 20%
Electricity Cost = 0
Pool Fee = 0.9%
Hashrate = 16.243 TH/s
Hardware Cost = 0
Power = 0
Start Date = -30

Total BTC as of Today = 2.973
Tomorrow = 3.051


So I would say that is pretty close.

http://tradebtc.net/bitcalc.php

Reasonably simple, but also allows you to take guesses at how diff may change and get a reasonable, longer than 1 week, estimate.
At the bottom it allows you to estimate you electricity cost also and show the overall result.

It also puts the current kano.is pool hash rate in there when you first view the page

Kano gives you about 100% , that is good and it is honest.

The calculators are mostly wrong, and the longer prediction the more wrong.

We bought 6 copys of S7 1 month ago just for fun, i had not done it today. We got free electricity, i don´t even want to know what that cost.

The problem for us was that the calculators had done to happy calculations, and it´s a big deal when a calculated 9% is 11% in reality. Yes, we where stupid - but we have done some mining before some years ago and we did not care so much either.


But, we bought them from Europe, price was quite high. Can you buy them cheaper like directly from Bitmaintech now the Batch8 or Batch9 then i think you will have the money back in 6 month or a little more.

That will be great.

How do you guys fare on the Kano pool vs mining calculators?

kano actually has a calculator published but I can't find the link it's buried in cgminer thread and this one too. Maybe kano could add a link to it in post 1 of this thread.

https://bitcoinwisdom.com/bitcoin/calculator i always use this one!

Something fun to look at:

http://ckpoolmonitor.zachmonroe.com/index2.php

This is my 4th Day at 5Nd = 7 blocks found so far...

Hey team,

Can you recommend good bitcoin mining calculator which can be used with Kano's pool. I am toying with an idea of buying few Antminers S7's, but it looks like that I will never get my money back.

What are your thoughts on crazy rising difficulty and halving mid year? How it will affect us?
Basically, question is how do you guys fare against the earnings calculators.

I could:

- Invest in rigs
- Deal with the power bill and the noise
- Hope for the best

Or, try something like NiceHash and pull if it get too crazy.

Should I wait and see for halving or.... I tried Tradeblock calculator.

Thanks

This would be an excellent start.  Combined per day is good.  Hoping we hit 10 blocks a day soon.

I look forward to this "sometime" in the future, I hope it's way way way out when btc is worth a ton of fiat and then we all get these paydays of like 0.1btc, but it's actually worth several thousand dollars or something.

That's exactly why, the coinbase transaction that generates the 25btc into the wallet is not valid until 100 confirmations, you cannot move or spend the coins before 100 confirmations.

Newbie question so be gentle.

Why we wait for 101 confirmations before the payout? Is it because it takes that much for you to receive BTC reward?
Thanks

The pool currently pays every blocks found unless you are under 10,000 satoshi, then that ends up in your 'dust' fund to be paid 'some' time in the future once I add code to total that 'dust' correctly.

The total pool 'dust' since kano.is started is under 2.3BTC
Once people start putting numbers like 1BTC in their limits, I start having a pool wallet with a LOT of BTC in it, which is something I don't want.
It's a pool, not a bank

Some time in the future I'll probably allow a minimum payout of maybe 0.01 or 0.001 (somewhere in that range) once I have ckdb accounting payouts.
But certainly not much higher.

Before that happens, and assuming the pool continues to grow, I will have moved to doing 1 payout a day so that will also reduce the amount of 'dust' and reduce the fragmentation of each miner's payout most days.

Their "recent blocks" page is terrible IMO.
It hides all the information about stale/orphan/rejected blocks that are very important to know about with any pool.
It has no useful statistical analysis of the pool's performance.
If you look on there you'll see only luck%, no diff% ... and in the past week there's 35.9%, 32.4%, 23.4%, 34.3% luck%
Do those numbers matter? No idea, you'd have to convert them to useful data and then maybe do something useful like a CDF[Erl] on them.

Firstly, looking at those numbers you should actually wonder is everything ok there? ...
what they mean in Diff% is: 278%, 308%, 427%, 291% ...
Their CDF[Erl] for the last 25 blocks is 0.878721941 ... pretty high ...
I wonder what that is for larger block counts ... they don't want you know ...

--

Anyway, back to the kano.is page

The time length of a single block is not really relevant since it is directly dependent upon the pool's hash rate.
Go way down the bottom to the first blocks and that will show a good example.
Block #2 took over 12 days, but everyone who mined that full block and got paid by that block got a bit over 12 days worth of pay, it's easy to see that coz the Diff% is less than 100% i.e. it took less shares than expected.
Block #3 took 1 day 17hrs, but that one was even better since the number that matters, Diff%, was only 42% and that means that eveyone mining for that 1 day 17hrs got paid more than double since less than half the work needed was sent.

The Diff% is actually the number that is used in all valid statistical calculations for blocks for all pools.
The CDF[Erl] is actually the most relevant number there on the page.

So, since the blocks page is short on space, there's really not a lot of space to throw in yet another field.
I'll add it onto my "galaxy far far away" todo list

Bring it on!!  Block Party!

bitminerpro keeping us going again! Thank you!