Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 585. (Read 5352322 times)

Block! by Tommy
2nd time on the Acclaim board - well done!

17.6BTC ... and a Payout

Well ... the pool wallet is rather important

And if Kano is doing all that for one bitcoin......  :-)  hahaah    I wish I had one...  it would pay for my hardware.
so posting my 12 secret words on my website's home page for me to easily find them probably isn't a good idea?  I thought in plain sight was the best!  hmmmm...

Well I guess the problem is keeping the offline wallet up-to-date.
My solution is that I have one bitcoin at home that talks to the internet and of course has no wallet, then 4 others that only talk to that one - 2 being wallets also - the other 2 as backups to the main one if it dies and needs rebuilding ... which it has more than once ... rebuild by copy is so much faster
So while they are never offline except when I shut them down for some reason, I have the network such that the wallets can't talk to to the internet at all except when I temporarily open port 80 outgoing, for them to do linux updates.
Of course it requires more computers, but I guess it just depends on how much BTC you're trying to secure.
There's of course more to it than that, but that's the basic idea.

From what you have described, you will use an online computer(watch only wallet) to start a blank transaction which is then saved to a usb drive. You will then fill out and sign the transaction on your offline computer and save it to the usb drive. Then load it into the online computer again (watch only wallet) and upload the transaction. Fellow noob here as well.

Can I ask a generic btc question here? I trust people here more than other places.

Mainly, I used a dedicated offline computer to generate my wallet and key. So basically paper wallet. I know when I want to spend or cash some, the safest method is to send some to the exchange or wherever and send the balance to a new paper address.

Is there any alternative to this where I can keep my paper wallet send some btc and not be open to my key being exposed to the internet? Is there a safe method?

So I am out in the country in Wisconsin with 140 acres of land, 12 pairs of fiber coming to my house (I currently have dedicated 50/50mb business service through ATT at a grand per month for my home business), a single phase 320kva transformer (in-ground wiring) with a 200A panel in my house and another mostly empty 200A panel in an "outhouse" that just protects the panel.  I was going to build a barn and needed to revise the budget when we built years ago. I have a small (20x40ft?) non insulated metal shed with concrete floor about 50 feet beyond that with a 60Amp panel that is mostly unused.  Super easy to get the full 200 Amps into that building.  My son grabbed about 10 full size server racks that he cannot give away (7.5 foot tall).  I had the thought of building a small building around my outhouse that was specifically designed for miners, but by the time I am done it probably would be 30k+.  So another option is to figure out how to retrofit the shed.  Obviously 200 amps will not do a ton of S9's, so no matter what, it is a small scale operation.  I also had the thought of putting up solar panels and we even have hills to put up a wind turbine - although we are only a couple miles from the interstate where planes follow, so probably some issues getting permits for a full size one.  Again, a big investment when mining may disappear in a couple years?  Anyway, if interested in discussing, feel free to PM me and I'll get you my contact info.  Or you email me through the minergain site links.

I suppose we all have our spreadsheets to look at the profitability of mining. Unfortunately there is a lot of guess work of BTC price, miners cost, difficulty/network hash rate.  My spreadsheet show that one should be careful when buying more miners -

If I start mining tomorrow I should have paid max. $200/Th (all in) else loose money and is better off buying BTC with the money(including power cost) . This is based on-
 - Bitcoin price double in the next 12 months from $14600 => average 2.5% growth per 2016 blocks (anyones guess)
 - Network difficulty increase 11% per 2016 blocks (possibly low)
      Historic compound growth over periods(2016 blocks) back from 13 Jan 2018   
      5.1156%   Growth over 52 periods
      6.6199%   Growth over 25 periods
      7.4302%   Growth over 20 periods
      7.8076%   Growth over 15 periods
      9.0211%   Growth over 10 periods
      9.9122%   Growth over 5 periods
- Block reward per block 15 BTC (after pool fees)
- Electrical cost $0.14/kWh (no growth)

Buying a S9 miner at $4000 => ~$295/Th is out of the question for me. Even at electrical cost $0.07/kWh; $265/Th is break-even. I can afford $200/Th => S9 landing cost of $2700 mining from tomorrow.

Things to consider
- Im not sure if the manufacturers can keep pushing out hashing power at 11% every fortnight. If we sit at BTC say ~16Eh/s then to increase at 11% every 14 days => S9s per period (~130 000 ; ~145 000;  ~161 000.... ). BCH also need miners. Maybe someone has better insights here.
- Seeing for public we pay in BCH at Bitmain, mining(when more profitable than BTC) or buying BCH when price is low drive down $/Th

No use keeping eyes closed and just buying miners when its cheaper to buy BTC.

When all is said and done - Mine on!

Ok, GPU and shitcoin discussions do not belong here, way OT... 

I’ve read it could be Q1 2018, but this article seems to be the most up to speed.
It indicates sometime this year.

https://coincentral.com/when-will-ethereum-mining-end/

Who said ether was going away. POS is unannounced. Do you know the date?

I am going to build two 8 card rigs. 225 Mh per rig.

I think we found our new block goddesses!

https://www.theverge.com/2018/1/12/16882378/japan-jpop-band-virtual-currency-girls-kasotsuka-shojo-cryptocurrency 

I’m looking to mine Crypto night currencies.

What can you mine with those now that etherium mining is going away?

How much hash power do you expect from those 16 cards?

I have 16 RX580s inbound. 

Time to crack this block, we're over 100% now.   Time to start dancing.   


DANCE DANCE DANCE AND MINE ON WITH KANO-SAN!

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???