KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 469.

akadamson

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Activity: 140

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Quote from: krisgt30 on February 13, 2018, 11:37:02 AM

Quote from: rifleman74 on February 13, 2018, 11:18:21 AM

Quote from: krisgt30 on February 13, 2018, 11:10:27 AM

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is. Pretty obvious what the scenario for you is here.

And the hash rate hasn’t gone up. So no benefit.

That completely depends on when you started watching.

I joined on the 18th of Jan. The Pool was 32Ph... Today its over 52Ph. by my fuzzy math that's a pretty significant size increase in a month

akadamson

member

Activity: 140

Merit: 18

Quote from: krisgt30 on February 13, 2018, 11:10:27 AM

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

But it's not lost btc (unless we have more 500+% difficulty blocks anyway), that long ramp up, pays as a long ramp down when/if you leave. Exactly the same way.

so again all the ramp does is reduce the variance, it has little *overall* effect from start to end (with the one exception that because it's a 5Nd PPLNS, when shares exceed 500% for a given block, you won't be paid for shares at the beginning (5Nd is a sliding window from the block find back in history))

Its mostly just an emotional/mental block because while you are *ramping*, you see smaller payouts, and depending on when you get in, it may be a little more painful, because enduring a 600% block like we just did can cause you to wonder... but I suspect over a *duration* of time even that *variance* will smooth

krisgt30

sr. member

Activity: 461

Merit: 306

Quote from: rifleman74 on February 13, 2018, 11:18:21 AM

Quote from: krisgt30 on February 13, 2018, 11:10:27 AM

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is. Pretty obvious what the scenario for you is here.

And the hash rate hasn’t gone up. So no benefit.

rifleman74

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Activity: 658

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4 s9's 2 821's

Quote from: robroyman on February 13, 2018, 11:14:24 AM

Sure, but it may make more sense to just buy the Bitcoin at this point. An S9 miner costs $3,000, 12 months of electric costs around $2000 at $0.15/kWh. So for a year's worth of mining you can buy around 0.6BTC, which would take 16 months to mine. (actually probably much longer, as difficulty is skyrocketing)

That is also true. But for people who already have the miners, that cost is already "sunk". You're talking about brand new people (who should be finding better electricity than .15/kWh...that's close to double most prices and at least 50% more than basic electricity costs for many).

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: krisgt30 on February 13, 2018, 11:10:27 AM

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is. Pretty obvious what the scenario for you is here.

robroyman

newbie

Activity: 57

Merit: 0

Sure, but it may make more sense to just buy the Bitcoin at this point. An S9 miner costs $3,000, 12 months of electric costs around $2000 at $0.15/kWh. So for a year's worth of mining you can buy around 0.6BTC, which would take 16 months to mine. (actually probably much longer, as difficulty is skyrocketing)

Quote from: rifleman74 on February 13, 2018, 10:55:28 AM

Quote from: robroyman on February 13, 2018, 10:53:49 AM

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

Quote from: krisgt30 on February 13, 2018, 10:30:06 AM

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

If you believe BTC keeps rising over time, you'll more than make your hardware costs back. Again, this isn't a make everything in one month game anymore. Time, patience, and understanding are key in mining right now. Some people have it, others don't.

krisgt30

sr. member

Activity: 461

Merit: 306

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: robroyman on February 13, 2018, 10:53:49 AM

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

Quote from: krisgt30 on February 13, 2018, 10:30:06 AM

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

If you believe BTC keeps rising over time, you'll more than make your hardware costs back. Again, this isn't a make everything in one month game anymore. Time, patience, and understanding are key in mining right now. Some people have it, others don't.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: krisgt30 on February 13, 2018, 10:30:06 AM

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

Actually it does benefit, you just fail to see it.

robroyman

newbie

Activity: 57

Merit: 0

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

Quote from: krisgt30 on February 13, 2018, 10:30:06 AM

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

krisgt30

sr. member

Activity: 461

Merit: 306

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: Maus44 on February 13, 2018, 10:19:55 AM

Quote from: krisgt30 on February 13, 2018, 09:39:03 AM

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.

Nope. In life there is always a trade off, that is , what we must do to mine at the greatest / lowest fee pool out there. Wink

Exactly, apparently the OP wants his cake AND eat it too.

rifleman74

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Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: krisgt30 on February 13, 2018, 10:21:51 AM

You guys disagreeing do realize that this is why there isn’t more hash at this pool right? With the big pools, the only options are one extreme or the other as far as ramp up/down. No middle ground.

Thinking you may be at the wrong pool here then if you want/need that instant gratification.

krisgt30

sr. member

Activity: 461

Merit: 306

You guys disagreeing do realize that this is why there isn’t more hash at this pool right? With the big pools, the only options are one extreme or the other as far as ramp up/down. No middle ground.

Maus44

newbie

Activity: 53

Merit: 0

Quote from: krisgt30 on February 13, 2018, 09:39:03 AM

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.

Nope. In life there is always a trade off, that is , what we must do to mine at the greatest / lowest fee pool out there. Wink

krisgt30

sr. member

Activity: 461

Merit: 306

Thanks for the elaborate response.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: krisgt30 on February 13, 2018, 09:39:03 AM

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.

Nope.

fjtropepe

member

Activity: 126

Merit: 10

Quote from: Sphere360 on February 13, 2018, 10:08:00 AM

Positive news!

https://www.coindesk.com/arizona-senators-pass-bitcoin-tax-payments-bill/

Arizona is smart. The state can profit off taxes with the flood of new investors that will poor into the "crypto state" if this goes through.

Sphere360

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Activity: 40

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Positive news!

https://www.coindesk.com/arizona-senators-pass-bitcoin-tax-payments-bill/

krisgt30

sr. member

Activity: 461

Merit: 306

With the shrinking of blocks per month at the pool, ramp up and ramp down time should certainly be shorter than 21 days. In my specific case I have now pointed over 50 terahashes here and will be pointing an additional 300 here in the next month once I move into my new location. When you are pushing big or small hash, 14 days is a very very long time to get your full hash rates payout. I understand the elimination of variance...but when the pools blocks per month is steadily decreasing, things like this should certainly change.

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