Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 501. (Read 5352367 times)
February 03, 2018, 02:33:59 PM
how long to wait for action we need to solve this block
February 03, 2018, 02:21:44 PM
Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.
What country would this be in? If it were US, I'd be interested.
Sunshine state
Another Sunshine state miner here also - PM me if this gets serious
Mine On!!
February 03, 2018, 01:58:33 PM
Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.
What country would this be in? If it were US, I'd be interested.
Sunshine state
February 03, 2018, 01:50:35 PM
You sound like those guys walking around the Atlantic City boardwalk
Ouch - that hurts! I don't gamble and if I did AC would be the last place I'd want to go!
- the problem is that at least the casino odds & payouts stay the same.. but with mining, luck doesn't even out from one diff change to the next. It only evens out correctly within that diff change and with this pool you only have a few rolls of the dice between diffs to even it out..
that is what kills small pools.. the need to get more spins on the wheel before a bad 'day' at the track puts you on the street.
a bad day at a big pool is like two bad months here. You can recover if it really is one day during a diff cycle... but here that same amount of hashing would span 2-4 diff cycles
that is what kills small pools.. the need to get more spins on the wheel before a bad 'day' at the track puts you on the street.
a bad day at a big pool is like two bad months here. You can recover if it really is one day during a diff cycle... but here that same amount of hashing would span 2-4 diff cycles
You make a good point - with the difficulty changing a bad run may never really even out. Nevertheless, I'll stick with Kano since his pool is fair and transparent.
Bitcoin will go back up eventually and make it all worthwhile and if it doesn't then life goes on - its not like my life savings is tied up in this.
February 03, 2018, 12:41:46 PM
Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.
What country would this be in? If it were US, I'd be interested.
February 03, 2018, 12:21:15 PM
Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.
Hop in line big dog!
See my post at 10:09 AM CST
Literally only 9 posts before.
February 03, 2018, 12:16:15 PM
Just to add fuel to the fire - luck is not something you can control - for every really bad unlucky 500% streak there is eventually a good under 100% streak.
It is just as likely you will have bad luck at another pool as here - in the end Kano does pay more per block.
Finally, there should be more miners coming on soon from those who buying 821s. Personally, I will be adding about 40TH more soon!
You sound like those guys walking around the Atlantic City boardwalk - the problem is that at least the casino odds & payouts stay the same.. but with mining, luck doesn't even out from one diff change to the next. It only evens out correctly within that diff change and with this pool you only have a few rolls of the dice between diffs to even it out..
that is what kills small pools.. the need to get more spins on the wheel before a bad 'day' at the track puts you on the street.
a bad day at a big pool is like two bad months here. You can recover if it really is one day during a diff cycle... but here that same amount of hashing would span 2-4 diff cycles
Said differently, flipping a coin 1000 times corrects luck a lot more consistently than flipping it 10 times. Flipping heads instead of tails ten times in a row isn't much of a deal with 1000 flips but is all or nothing with 10 flips.
February 03, 2018, 12:13:26 PM
Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.
February 03, 2018, 11:55:51 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
I have been thinking about this same thing for the last couple of months as well. I'm in an even worse place that you with my 27TH hashpower and really not able to add more without a decent investment. With the difficulty increasing as fast as it is and the BTC value leveling off a bit I'll be done mining in the next few months. The question I'm wrestling with now is whether to stop now and sell my miners at a good price on eBay or wait until later this spring to do it and take a chance that I can't get as much for the miners. Either way, I'm a bit sad about it since I've only been mining for about a year and have enjoyed it a lot. I just don't see this being profitable for a small time miner for much longer. I'm wonder what others in our situation are thinking.
Look at the ebay prices. Brand new ones are now selling under 3k. If you have been mining for a year with yours I am not sure how much you think you will make but I doubt it will be a "good price" as you say. Prices are dropping fast from the 6k price point.
well, since I paid <$1500 each for them a good price in my eyes would simply at least recoup that cost. For the time being the 3 of them are netting me >$1,000 per month, so I'm just keeping a close eye on things. I'm not looking for a $3k price point. I was merely responding to the original poster and agreeing that the days of the home miner are numbered and probably coming to an end in 2018.
February 03, 2018, 11:50:15 AM
Wow, one of my Avalons hit a 120 billion share. Highest for them after running for the last year, but still not a block - I think the random number generator is heating up!
February 03, 2018, 11:45:42 AM
i figured it's time for a considerable change of qi so i needed to do something somewhat drastic. so i shaved my head, to my wife and daughter's dismay...
block coming up!
you're welcome!
block coming up!
you're welcome!
February 03, 2018, 11:45:27 AM
When luck is good, then PPLNS system is great to be on. When luck is bad, then PPS is better.
Luck can change at a moments notice.
I personally am not worried about luck. My concern is what if something is broken and we can't find a block? Computers and systems break all the time.
Another thing always bothered me as well. Every time someone else finds a block, we have to restart our search. Perhaps all the restarting is causing an issue?
Again, forgive my ignorance.
Luck can change at a moments notice.
I personally am not worried about luck. My concern is what if something is broken and we can't find a block? Computers and systems break all the time.
Another thing always bothered me as well. Every time someone else finds a block, we have to restart our search. Perhaps all the restarting is causing an issue?
Again, forgive my ignorance.
I am new here - have been mining on Slush mostly before - but the search restart has always happened and has to happen with every pool. Looking at the historical distribution numbers they look about the same as what you see on a larger mining pool - just that the time between blocks has to be multiplied by a large factor (and the rewards when they do show up have to be multiplied by approximately the same factor). I have seen several blocks on Slush that were proportionally as long as this one, but with their higher hashpower you get through them in 7 hours or so.
February 03, 2018, 11:41:28 AM
When luck is good, then PPLNS system is great to be on. When luck is bad, then PPS is better.
Luck can change at a moments notice.
I personally am not worried about luck. My concern is what if something is broken and we can't find a block? Computers and systems break all the time.
Another thing always bothered me as well. Every time someone else finds a block, we have to restart our search. Perhaps all the restarting is causing an issue?
Again, forgive my ignorance.
Luck can change at a moments notice.
I personally am not worried about luck. My concern is what if something is broken and we can't find a block? Computers and systems break all the time.
Another thing always bothered me as well. Every time someone else finds a block, we have to restart our search. Perhaps all the restarting is causing an issue?
Again, forgive my ignorance.
February 03, 2018, 11:38:29 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
I mostly agree. Right now it is more profitable to buy BTC directly on the market than to try and mine. I am really torn - I really like mining at home but if it does not recover in the next six months, I'll probably sell all my miners and buy some coin directly. I think home/small miners are kind of a rare breed anymore - we believe in Bitcoin's future almost no matter what happens to the price now.
Any small trickle I get from mining is worth it as long I can afford the power. I firmly believe in five years a bitcoin will be worth $30K or way more.
It seems that every market is in a correction right now. The Dow shaved off 665 points. Worst day in Wall Street in two years. I checked my Apple stock and it is down to 160... lol Everyone relax. The markets will finish the correction and we will be back on a steady clime once more. It just takes time.
If the price continues to drop I might even buy some S9's - right now I mine with obsolete hardware when I have effectively free electricity - best miner at this time is an S7. Mining pretty continuously right now because it is winter - but that will change as things warm up this summer and then it will be only in the daytime when my brother's solar array has free power.
Edit: Sorry I quoted the wrong post in this posting - was intending to quote the post two posts back.
February 03, 2018, 11:27:31 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
I mostly agree. Right now it is more profitable to buy BTC directly on the market than to try and mine. I am really torn - I really like mining at home but if it does not recover in the next six months, I'll probably sell all my miners and buy some coin directly. I think home/small miners are kind of a rare breed anymore - we believe in Bitcoin's future almost no matter what happens to the price now.
Any small trickle I get from mining is worth it as long I can afford the power. I firmly believe in five years a bitcoin will be worth $30K or way more.
It seems that every market is in a correction right now. The Dow shaved off 665 points. Worst day in Wall Street in two years. I checked my Apple stock and it is down to 160... lol Everyone relax. The markets will finish the correction and we will be back on a steady clime once more. It just takes time.
February 03, 2018, 11:24:18 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
I mostly agree. Right now it is more profitable to buy BTC directly on the market than to try and mine. I am really torn - I really like mining at home but if it does not recover in the next six months, I'll probably sell all my miners and buy some coin directly. I think home/small miners are kind of a rare breed anymore - we believe in Bitcoin's future almost no matter what happens to the price now.
Any small trickle I get from mining is worth it as long I can afford the power. I firmly believe in five years a bitcoin will be worth $30K or way more.
February 03, 2018, 11:09:31 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
I have been thinking about this same thing for the last couple of months as well. I'm in an even worse place that you with my 27TH hashpower and really not able to add more without a decent investment. With the difficulty increasing as fast as it is and the BTC value leveling off a bit I'll be done mining in the next few months. The question I'm wrestling with now is whether to stop now and sell my miners at a good price on eBay or wait until later this spring to do it and take a chance that I can't get as much for the miners. Either way, I'm a bit sad about it since I've only been mining for about a year and have enjoyed it a lot. I just don't see this being profitable for a small time miner for much longer. I'm wonder what others in our situation are thinking.
I'm thinking hit me up when you want to dump those miners
February 03, 2018, 11:08:38 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
I have been thinking about this same thing for the last couple of months as well. I'm in an even worse place that you with my 27TH hashpower and really not able to add more without a decent investment. With the difficulty increasing as fast as it is and the BTC value leveling off a bit I'll be done mining in the next few months. The question I'm wrestling with now is whether to stop now and sell my miners at a good price on eBay or wait until later this spring to do it and take a chance that I can't get as much for the miners. Either way, I'm a bit sad about it since I've only been mining for about a year and have enjoyed it a lot. I just don't see this being profitable for a small time miner for much longer. I'm wonder what others in our situation are thinking.
Look at the ebay prices. Brand new ones are now selling under 3k. If you have been mining for a year with yours I am not sure how much you think you will make but I doubt it will be a "good price" as you say. Prices are dropping fast from the 6k price point.
February 03, 2018, 11:05:20 AM
It is getting crazy around here guys. Reminds me of being in the desert. Watching people lose their minds because of the heat. Next thing you know someone is going to say Kano is stealing the blocks... 
Let's all take a minute to chill and mine on.
Let's all take a minute to chill and mine on.
February 03, 2018, 11:04:57 AM
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
Everyone with free electricity mine on! I am searching for answers if anyone has a plan.
I have been thinking about this same thing for the last couple of months as well. I'm in an even worse place that you with my 27TH hashpower and really not able to add more without a decent investment. With the difficulty increasing as fast as it is and the BTC value leveling off a bit I'll be done mining in the next few months. The question I'm wrestling with now is whether to stop now and sell my miners at a good price on eBay or wait until later this spring to do it and take a chance that I can't get as much for the miners. Either way, I'm a bit sad about it since I've only been mining for about a year and have enjoyed it a lot. I just don't see this being profitable for a small time miner for much longer. I'm wonder what others in our situation are thinking.
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