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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 285. (Read 5352633 times)

newbie
Activity: 67
Merit: 0
So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??


Step 1: Stop using an online wallet

Step 2: Get electrum and generate a new address - optional: get a hardware encryption key (Ledger or Trezor)

Step 3: Profit

Sorry edit on my first post, my wallet isn't an online its a desktop but it appears that the fees are spectacularly high. Is this the same will all wallets that collect mining gains ?

Thanks Nazzer, Whats the difference in regard to fees then with electrum ?
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Diff change ... ouch
Code:
[2018-04-14 02:22:42.845+00] workinfo_add(): DIFF CHANGE: hi=518112 delta=9.35% new=3839316899029.7 prev=3511060552899.7

by the way, does that mean it's 9.35% less value for anyone cause we need 9.35% longer to find a block?
Well it means that the average expected amount of work to find a block has increase by 9.35% yes.
member
Activity: 238
Merit: 11
So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??


Step 1: Stop using an online wallet

Step 2: Get electrum and generate a new address - optional: get a hardware encryption key (Ledger or Trezor)

Step 3: Profit
newbie
Activity: 67
Merit: 0
So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??
copper member
Activity: 232
Merit: 2
Diff change ... ouch
Code:
[2018-04-14 02:22:42.845+00] workinfo_add(): DIFF CHANGE: hi=518112 delta=9.35% new=3839316899029.7 prev=3511060552899.7

by the way, does that mean it's 9.35% less value for anyone cause we need 9.35% longer to find a block?
newbie
Activity: 21
Merit: 0
Dance dance dance....! Grin

cmon big block weekend!
member
Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
Thought I was going crazy there for a second with the Share % going the wrong way... Stupid difficulty increases.
member
Activity: 238
Merit: 11
BTCig BTClock Weekend is here!!! Bust out your dancing shoes!!! Goodluck EVERYONE!!!

3 blocks today would be great  Grin
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Diff change ... ouch
Code:
[2018-04-14 02:22:42.845+00] workinfo_add(): DIFF CHANGE: hi=518112 delta=9.35% new=3839316899029.7 prev=3511060552899.7
newbie
Activity: 2
Merit: 0
What's the lowest hash rate someone has recently found a block with? Just wondering  Smiley
Well every block is found by a single piece of mining hardware Smiley

Sometimes that is the only miner someone has mining.

Thanks for the info  Smiley
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
What's the lowest hash rate someone has recently found a block with? Just wondering  Smiley
Well every block is found by a single piece of mining hardware Smiley

Sometimes that is the only miner someone has mining.
newbie
Activity: 2
Merit: 0
What's the lowest hash rate someone has recently found a block with? Just wondering  Smiley
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
Forgive my ignorance but can someone please explain why the reward appears to be slowly shrinking?  I understood that the reward would reduce slightly as more hashing power came to the pool (more users creating more hashing power relative to me)  But the reward is stilll slowly shrinking while the pool's overall hash rate also appears to be shrinking slightly?  Last week it was something like 168K TH/S now its around 150K TH/S but the reward given yesterday (for my unchained hash rate is still slightly smaller).

Thanks in advance.  
Look at the Pool->Graph to see what the pool hash rate is doing.
No need to guess or remember a sample Smiley
Yes the hash rate has decreased a bit, but the average over 5Nd has still gone up.

If the average hash rate increases, the reward per TH per block will decrease.
But the expected number of blocks per 'day' increases.

However, you can see on the rewards page itself, exactly what happens with each block we find:
The pool average hash rate over the 5Nd is "Pool N Avg"
the reward for that block is "Miner Reward"
and your average hash rate over the 5Nd is "Your N Avg"

However, 2 of those are calculations, so you are actually better to look at the numbers used:
The pool diff over the 5Nd is "N Diff"
the reward for that block is "Miner Reward"
and your diff over the 5Nd is "Your N Diff"

Your fraction of the "Miner Reward" is "Your N Diff"/"N Diff"

Thus your reward is affected by those 2.
So if "Your N Diff"/"N Diff" goes up, you expect to get more per block.
If "Miner Reward" goes up, you expect to get more per block.

but since it depends on all 3 numbers, then the overall result can be up or down depending on which changes the most.

"N Diff" doesn't change much per diff change (random based on where 5Nd hits the starting shift)
It 'usually' goes up each diff change - each 2016 blocks - approx every 2 weeks.

"Your N Diff" will go down if the pool average hash rate over 5Nd goes up - since that means it took less time to get to 5Nd so you had less time to submit shares, so you will have submitted less Diff over the 5Nd.

Edit: I forgot to mention Smiley
"N Range" is the time used in the calculations.
e.g. "Pool N Avg" = "N Diff" / "N Range"
"Your N Avg" = "Your N Diff" / "N Range"
member
Activity: 658
Merit: 21
4 s9's 2 821's
BTCig BTClock Weekend is here!!! Bust out your dancing shoes!!! Goodluck EVERYONE!!!

I AM DANCING IN MY CHAIR!   Let's crackalack!


MINE ON KANO-SAN!
legendary
Activity: 952
Merit: 1003
Well I'll be damned! Rather like Coke admitting they screwed up when they changed their formula, Bitmain blinked!
After trying push BitCH down our throats by dropping acceptance of BTC for so long have they perhaps seen the error of their ways?

Probably not. And also still will not sway me to again use Bitmain Ants.

Does Canaan take BTC? I see their site says "We will give you wiring instructions and a final invoice."

I think they are expecting a wire transfer if it says that
There was (at least a week or two ago) further verbage that defined wire transfers only for larger orders. BTC taken otherwise. Since you're going to have to buy from Blokforge or someone else anyway, that shouldn't be a consideration unless you want to be a distributor...and then you're not going to be doing "small" orders.
jr. member
Activity: 238
Merit: 5
BTCig BTClock Weekend is here!!! Bust out your dancing shoes!!! Goodluck EVERYONE!!!

Same to you Shazam.
full member
Activity: 350
Merit: 158
#takeminingback
BTCig BTClock Weekend is here!!! Bust out your dancing shoes!!! Goodluck EVERYONE!!!
member
Activity: 285
Merit: 10
Free mining equipment tracking and reporting
I calculated my 7 day CDT from block 516833 to block 517900 (6.7 days) to be 0.00008112 as opposed to 0.00006588 calculated at Minergain - maybe the numbers at Minergain are slightly off?
Remember that the CDT values are based on this exact minute, so if you check it right when a block is last found (give it a minute to get everything recalced), it should be much closer.  The more  minutes you get away from that, the more the value can change.  I also do have some caching going on which can cause minor differences (6 to 7 decimal places of resolution if I were to guess).

Maybe could change this to 0000 UTC (or daily) rather than have it calculate up to the minute?

I could - but to do that accurately, wouldn't I have to exclude today's blocks to actually have 7 days (and 30, etc)?  As it stands, for the 7 day one, I grab all blocks that have been found in the last 10,080 minutes (if my quick math is right).
member
Activity: 658
Merit: 21
4 s9's 2 821's
Sssssh, be vewy vewy quet.  We're hunting wabbits.








MINE ON WITH KANO-SAN!
newbie
Activity: 5
Merit: 0
ZoInKs!!! Scoobs and I were asleep again. We woke up to some jingling of twinkelbels and dropped some of Scooby's hash snacks. Like, we're still a little groggy so we'll pick them back up later. Enjoy your snacks in the meantime!!
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