...
wow, an employer tried that tactic on me once...
Bitcoin does it to it's employees (miners) every 210,000 blocks (~4years) wow, an employer tried that tactic on me once...
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 2080. (Read 5352067 times)
May 21, 2015, 06:03:41 PM
May 21, 2015, 02:55:35 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
what happens to network diff. when it splits also I hope price of btc to double maybeWhat do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
The network difficulty is driven by the rate at which blocks are found, not how many Bitcoins are "contained" within the block. The only way difficulty falls, is if the hash rate falls. Only if miners disappear from the network will difficulty fall.
Think of the halving has having your wage rate cut in half, not the number hours you work in the week.
May 21, 2015, 01:53:42 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
what happens to network diff. when it splits also I hope price of btc to double maybeWhat do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
The network difficulty is driven by the rate at which blocks are found, not how many Bitcoins are "contained" within the block. The only way difficulty falls, is if the hash rate falls. Only if miners disappear from the network will difficulty fall.
Think of the halving has having your wage rate cut in half, not the number hours you work in the week.
May 21, 2015, 01:11:16 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
what happens to network diff. when it splits also I hope price of btc to double maybeWhat do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
May 21, 2015, 12:59:26 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
what happens to network diff. when it splits also I hope price of btc to double maybeWhat do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
May 21, 2015, 12:50:17 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
what happens to network diff. when it splits also I hope price of btc to double maybe What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
May 21, 2015, 12:22:44 PM
so in the Bitcoin mining industry the hardware miner caries the largest financial burden versus the pool operator,with that said the miner can exist alone while the pool can't exist without the hardware owner.
The hardware miner also reaps the biggest reward, you have to weigh that into account and look at net cost, not gross.
May 21, 2015, 12:05:26 PM
I have a question that really isn't specific to this pool, but I'll ask here anyway:
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
What do pool operators expect to do as the result of a halving next year? While I am not a pool operator, I expect most of the operational costs are largely fixed, and paid for in the appropriate currency for your operation. It would seem like your income will get cut in half (as measured in BTC, not percentage) along with your mining "clients".
Any thoughts on this, or does this need to go to a different thread?
May 21, 2015, 11:07:51 AM
so in the Bitcoin mining industry the hardware miner caries the largest financial burden versus the pool operator,with that said the miner can exist alone while the pool can't exist without the hardware owner.
The hardware miner also reaps the biggest reward, you have to weigh that into account and look at net cost, not gross.
May 21, 2015, 10:16:14 AM
soon network hashrate over 400 PH/s
May 21, 2015, 09:49:51 AM
It is the first cooler day there has been here in a while (The miners are showing 18C coming in instead of 30C). I'm getting tired of waiting for this block so I just tossed an extra 600W at the rig while the temps allow. It certainly isn't at the optimal efficiency so I hope luck will allow this extra hash get rewarded more than 5 times.
Who called off the last block party anyway?
Who called off the last block party anyway?
May 21, 2015, 09:00:01 AM
@kano,
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
I don't pay much attention to 'time' since that is a factor based on pool hash rate.Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
If the pool hash rate is ~half then you'd expect to be rewarded ~twice as much each block if you mine 24/7
Luck is (of course) the factor that determines how much reward you get and luck is of course calculated from the Diff% of each block.
Time isn't directly a factor in that.
The biggest diff block was almost 600%:
Code:
115 340609 25.34386957 2015-01-26 23:39:24+00 Matured 261,188,857,971 593.99% 0.997
114 340240 25.01100043 2015-01-24 02:00:23+00 Matured 10,794,121,301 24.55% 0.218
114 340240 25.01100043 2015-01-24 02:00:23+00 Matured 10,794,121,301 24.55% 0.218
There have only been 3 blocks above 400% so far
Code:
27 332679 25.07887994 2014-12-03 08:42:26+00 Matured 210,195,362,931 525.39% 0.995
26 331660 25.02974871 2014-11-26 06:30:14+00 Matured 21,660,722,086 53.75% 0.416
25 331574 25.08583029 2014-11-25 14:29:15+00 Matured 162,541,112,576 403.33% 0.982
24 330642 25.08259284 2014-11-19 00:16:20+00 Matured 90,569,839,601 224.74% 0.894
26 331660 25.02974871 2014-11-26 06:30:14+00 Matured 21,660,722,086 53.75% 0.416
25 331574 25.08583029 2014-11-25 14:29:15+00 Matured 162,541,112,576 403.33% 0.982
24 330642 25.08259284 2014-11-19 00:16:20+00 Matured 90,569,839,601 224.74% 0.894
Wow.....didn't mean for you to get hightech on me....a simple 6 days or whatever would have worked. 
But your answer is much better. May 21, 2015, 08:54:09 AM
@kano,
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
I don't pay much attention to 'time' since that is a factor based on pool hash rate.Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
If the pool hash rate is ~half then you'd expect to be rewarded ~twice as much each block if you mine 24/7
Luck is (of course) the factor that determines how much reward you get and luck is of course calculated from the Diff% of each block.
Time isn't directly a factor in that.
The biggest diff block was almost 600%:
Code:
115 340609 25.34386957 2015-01-26 23:39:24+00 Matured 261,188,857,971 593.99% 0.997
114 340240 25.01100043 2015-01-24 02:00:23+00 Matured 10,794,121,301 24.55% 0.218
114 340240 25.01100043 2015-01-24 02:00:23+00 Matured 10,794,121,301 24.55% 0.218
There have only been 3 blocks above 400% so far
Code:
27 332679 25.07887994 2014-12-03 08:42:26+00 Matured 210,195,362,931 525.39% 0.995
26 331660 25.02974871 2014-11-26 06:30:14+00 Matured 21,660,722,086 53.75% 0.416
25 331574 25.08583029 2014-11-25 14:29:15+00 Matured 162,541,112,576 403.33% 0.982
24 330642 25.08259284 2014-11-19 00:16:20+00 Matured 90,569,839,601 224.74% 0.894
26 331660 25.02974871 2014-11-26 06:30:14+00 Matured 21,660,722,086 53.75% 0.416
25 331574 25.08583029 2014-11-25 14:29:15+00 Matured 162,541,112,576 403.33% 0.982
24 330642 25.08259284 2014-11-19 00:16:20+00 Matured 90,569,839,601 224.74% 0.894
May 21, 2015, 08:35:01 AM
@kano,
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
i have seen over 100 hours,and i stayedCuriosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
Oh...I'm not going anywhere...just curious.
edit; I'm one of those guys that sit here and watch it work......for flippin' hours
May 21, 2015, 08:19:31 AM
@kano,
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
i have seen over 100 hours,and i stayed Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
May 21, 2015, 08:17:33 AM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.
Obviously higher when the pool harsh rate and worker count is higher.
No, power wise it's just one Pc. Few hundred watts at most if it's high end.
May 21, 2015, 08:15:40 AM
@kano,
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
Curiosity will kill me someday (let's hope it's not today) but I'm just wondering, once the pool grew to above, say 800T, what's the longest time we went without a block?
May 21, 2015, 07:21:44 AM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.
Obviously higher when the pool harsh rate and worker count is higher.
No, power wise it's just one Pc. Few hundred watts at most if it's high end.
May 21, 2015, 07:16:14 AM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.
Obviously higher when the pool harsh rate and worker count is higher.
May 20, 2015, 11:44:46 PM
A 14PH farm will pay nicely; this pool get's 0.5% of the reward per block. The "cost to run" each is not a valid comparison at all.
The biggest cost in running a pool properly is probably your time involvement.
The biggest cost in running a pool properly is probably your time involvement.
Bandwidth and resources to handle the I/o of the miners connecting must be pretty high I'd think.
My forum uses almost 10GB of bandwidth a month and needed a dedicated server, I'm sure kano uses more.
Obviously higher when the pool harsh rate and worker count is higher.
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