Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 34. (Read 5352067 times)

Well, first your not ramped up so your not getting your full reward yet.  Your ramp up, full reward and ramp down will equal full reward for the whole time you mine.

Also if your mainly interested in the stats part, we need more stat's focused folks since Organofcorti disappeared, and since your electricity is outrageously high cost, maybe you should look at a lower end miner to collect your stat's with.

The Terminus R606 would fit that bill beautifully.  1Ths for around 100 Watts and quite compared to anything else.  Check out this link.

https://bitcointalksearch.org/topic/m.50578412

For the S9 you have, maybe you can find an economical hosting for it somewhere. 

There's a catch to that though - it's the N in PPLNS.

What it means is that each share you submit will be rewarded for N difficulty of shares submitted to the pool.

As it explains on the Help->Payouts page, the N here is 5Nd, so your shares will continue to be rewarded for 5Nd after you submit them.

The relevant part from Help->Payouts

So e.g. if you stop mining today, you'll keep getting (diminishing) rewards for the next 5Nd

Hello, i just wanted to share some information with you guys.
i've been reading this site for well over a month.  Also I've been trying to find out on Internet searches how much money can i make out of mining bitcoin as an individual.
I've found absolutely nothing.  I'm a database programmer by trade in the UK and crazy about stats!  So, i decided to go out and buy an Antminer and find out for myself.

I got one brand new Antminer V9 including BitMain power supply off ebay for 130 pounds. $158.

Out of the box and up and running and connected to Kano Pool in less than 5 minutes including making a cup of Tea.  Dead easy.

I've had it running for 10 days. 

It's very noisy.  Noise monitor said 83 decibels at 3 foot away.  75 decibels at 10 foot away.   That's ear protection stuff if being by it for long times.

I got it plugged into a power monitor and it's pulling 1100 Watts. 

In the UK, my energy provider charges 16 pence a kilowatt ($0.2).  1100 x 24 Hours = 26.4KW.  That's £4.22p a day.  ($5.15).

So we just mined first block by schmokeandapancake.

I've just gone to my rewards page and after 10 days i've earned 0.00015919BTC.

Bitcoin today has just passed £10,000 a coin.  So i've just earned £1.59p ($1.94).  For £42.20p of electricity ($51.48).  OUCH!!!

Basically, in the UK, you need to get a Wind Turbine installed in your back garden.  I don't think Solar panels will cut it with our poor weather.

I just though somebody might be interested in this sort of info.

Thanks
Andy.

... as I said, still working on it.

Though in that time many other things have been coded/changed and interrupted the accounting system.
It has not been top priority of course - it only makes top priority when there are no other more important things needing to be done.

Though it has nothing to do with S9 miners, since e.g. at the moment less than 350GHs gets a payout every block
- so the "see point 1" wasn't relevant.
The coins for the dust are just sitting there awaiting ...

5. Use the saved coins to payout all dust bunnies asap & in future (see point 1)
Still working on it ...

No offense Kano, but you have been saying that ever since I’ve joined the pool, which was probably more than 2 years ago.  Will you really make it happen?

nice!! congrats glad we got a block - wish i could see my rewards lol

Schweet, schmokeandapancake nails another one!   

Not sure what you mean by 'focus'?
Well there are quite a few explanations, including on the web site.
But the 5Nd is also shown on the graph and the time needed depends on the pool hash rate, which is also stated on the web site, but changes regularly since it depends on the pool hash rate
Changing the 5Nd will affect the long term miners and allow people to take advantage of that change ...
Well, no they don't leave 'after getting the reward'
The majority has gone to large miners who 'did' spend a lot of time on the pool.
Still working on it ...
This wont happen, since it involves doing useless things to the web site and, basically, is a security risk.
I guess you just need to actually mine on the pool, look at the pages available and ask questions about them.
The data available here is actually more detailed and more accurate than I think any other pool.
Well I don't really want to run the pool at a loss ...
You see, one thing you probably don't realise, is that we are the best connected pool of ALL pools.
I've got nodes all over the planet, connected to every Fibre relay and even in China to ensure our blocks get out to the other pools, and to also ensure that when the Fibre relay isn't working (which happens on occasion) we still get our blocks out as fast as possible.
But I have already stated clearly to many that if we do get over 400PH for 5Nd (i.e. for the reward) then I'll drop it to 0.6%

I added some comments in red

I've read through this thread several times now...and I really want to join Kano. Unfortunately, I need to pay bills regularly  

I do have some ideas for the pool's growth though:

1. Focus on the smaller guys! (specifically S9 owners)
2. Explain PPLNS payout & Ramps using 1x S9's hashrate as an example - show graphs/time needed etc.
3. Maybe half the ramp to 2.5Nd? Waiting +-3months for full payout is brutal)
4. Cancel the large miner's BTC reward (not really working + the big fish seem to leave after getting the reward anyway)
5. Use the saved coins to payout all dust bunnies asap & in future (see point 1)
6. Use the saved coins to also hire a website designer (Kano.is seriously needs some love)
7. Lower fees to 0.5% (can be raised again when the pool is larger & regularly finding blocks)...people obviously aren't willing to jump ship for 1.1% saving vs Slush

Kind regards,
Cjs

Thank you Kano but it seems I did not save ALL of them. I had quite a few and if I lose and have to make new only 4, 2 of which I did not really plan to use anyways, then I got lucky. I am for sure making damn sure I have all of them saved this time...

If you saved the 2FA Secret Key then you can manually enter the 2FA into the app with that key,
and the settings as stated "Kano: totp SHA256 30s"


The web page says to save your 2FA Secret Key


When you setup 2FA is says:

and

My phone was smashed beyond belief today - the screen was not operable, I tried to open the app but the screen would not respond to touch and even though I did a full back up to iTunes after it was smashed and restored it to a new phone - the one thing lost is all my 2fa....

I luckily have been logged into several of the sites with an auto refresh set to keep me logged in and while some pools allow me to reset the 2fa with a text verification - others do not. I have pulled my miners off of kano.is for the time being until I get it sorted. My payment address will not change so anything mined, I know I will get but I cannot affect any changes to my kano.is account so I will most likely need to create a new account which sucks as i was about 70% ramped up. All I can hope for is that we find a few blocks before I fully ramp down.

So far my affected accounts which I have no way to disable 2fa are:

1. Kano.is - I am currently logged in but cannot disable the 2fa so if my pc dies or reboots I will be locked out of my account
2. bitmain (which wont matter unless they give me coupons I wont be able to use as I can always create another account for future orders)
3. minergate (used periodically with my gpu rigs but luckily all my balances are zero or very close to zero)
4. slushpool (says I can submit a signed transaction from my wallet - but I have not mined on slush for 7 months so not too worried there)

maybe a few others that I am forgetting off the top of my head. the store used iTunes to erase and reset the phone... if I get the phone back, and have the screen repaired, is it possible to reinstall the app and since it is the same phone my 2fa's would be accessible?

as the hash rate changes so does the expected block count - for July we had 1 block but that payout was worth nearly a month of mining pps on other pools - you should look at the stats page, it shows how many blocks are found each month and shows what the avg pool hash rate was for that month as well.

by checkout, I assume you mean payout - if so, Kano answered that: it is at every block found, provided that the payout is higher than .00010000. There are no payouts until a block is found. the payouts will be low until you fully ramp up but then they average more than any of the other pools simply because Kano  charges a lower fee.

on BTC.com you are getting frequent payouts because it is a large pool - but you get smaller payouts as well and you pay a higher fee.

Rewards are (of course) each block.
Payouts are each block you earn over dust (0.0001 BTC)
The dust (below 0.0001 BTC) gathers until ... some time in the future.

A small PPLNS pool (like we currently are) has high variance.

A PPLNS pool rewards based on ALL the income of the pool.
Here it's 99.1% of the income - i.e. pool fee is 0.9%

A PPS pool rewards based on ... whatever they decide ... but if they aren't charging you 3% or more in fees, then they have a risk of going broke.

Exactly right....come on back over 16V!

No complaints!

In theory the luck should be the same for all over time. The difference comes down to % of the total reward shared - fees. One thing I have noticed if I'm not wrong is that we are on the cusp of becoming a pool that doesn't expect a block every retarget period. I think right now we expect 1 every ~16 days. Given we have some transient hashrate we seem to swing above and below that right now, hopefully we can attract some more permanent hash.

That’s interesting!  When the luck was low even in the big pools it has been around 70% until around the 20th.  Then it has jumped to about 130% and that’s when you hit a block here!  Like the luck is same for all!