Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 591. (Read 5352322 times)

I just turn in into blockerplorer.com and got this message:
'
In August 2017, Bitcoin forked into two variants. These have taken radically different paths.
Looking at the situation one quarter later, it is clear to us that the Blockstream fork of bitcoin diverges so radically from the ideas presented in the Bitcoin white paper, that it is an evolutionary dead end. While it may still have high trading value, as a mere collectible of curiosity, the Blockstream fork of bitcoin is not part of building any future financial infrastructure, which is what Block Explorer is about.
A currency of the future has subcent optional usage fees and instant transactions. The Blockstream fork of Bitcoin ("Bitcoin Legacy") is at $20 usage fees and rising, with no end in sight, and can take days to confirm, despite unfulfilled promises to the contrary on both points when Segwit activated in what can only be described as a community fistfight. We are therefore making the decision to consider the Blockstream fork deprecated, and support it as legacy technology only.
Rather, we have made the decision to support the only bitcoin fork with a postive utility momentum, which is Bitcoin Cash. We took an early decision to deploy a Bitcoin Cash block explorer and will continue to roll out related services. We are also deploying tools for other cryptocurrencies we find on a positive momentum path, such as ZCash, which have increased privacy value.
We will not add future support for the Blockstream fork of bitcoin ("Bitcoin Legacy"), and will be deprecating it entirely at some future point in time to be determined. Developments have revealed it to be a dead end. At such a time, we will refer to Bitcoin Cash as Bitcoin only, but will make some effort to not break API calls by changing URLs of legacy automated systems.
'
So my question: Is it right, that Bitmain overtake this Domain?
If taht is correct, then i think that we, as miners for BTC must have a correct answer!

It comes down to giving up present pleasure for future gain. Once you are ramped up it is a different story. Most people that complain would rather give up a decent chunk of coin in order to see the payments daily. What does it matter? I tend to think these are the same people that spent 6k on ebay for n S9 with two bad hashboards.

Yep

Let's do this...TIME TO DANCE WITH KANO-SAN

What do you mean ? The block dances are the only reason most of us mine here. Thats a condition of mining here

I only started in Dec, and I am like you exploring the other pools and doing research before committing to this one.

I think a huge part of why the hashrate distribution % in the pools are the way they are:
1) large company mining farms (Bitmain-Antpool, Bitfury, etc.)
2) Cloud mining... ugh... for example, Hashflare only gives you the top pools as options. At least Slush is an option on Hashflare... except Hashflare gives you NONE of the Tx fees from Slush anyway... There's massive hashrate coming from Hashflare I believe, and I think you can see it on the Slush pool stats (EU lines)
3) newbs
4) instant gratification


I first dedicated to Slush, then tried BTC.com for BCH on bad-luck days from Slush. BTC.com was shady af though. Their explanation of fees:
"When users mine on BTC pool, they should pay mining fee to BTC pool. When users send a transaction to others via bitcoin, they should pay transaction fee to workers."

They don't actually describe the actual % amount of reward you get because they change it/it fluctuates behind the scenes, and they don't seem to include Tx fees fully in block rewards; either way they seem to reward always lower than Slush, except on really bad-luck Slush days.

I don't see it anymore, but I mined a couple days on BTC.com during the holidays, and they hosted a holiday daily rewards/contest; you click on a "lootbox" basically. One of the rules of the contest was something like, "BTC.com reserves the right to affect the selection of winners"... GG lol

OTOH, they did pay regularly daily, so you don't necessarily feel the urge to have to do a "block dance". I guess that's a plus lol.

You should mine here at least a month to get a true experience. The pool uses PPLNS to prevent pool hopping, so that miners aren't jumping in and out all the time.

Yep, it's hammer time.  CAN'T TOUCH THIS!

I've been reading up and once I get to the next pay amount in btc.com I'm gonna point my hash at your pool (day or two). Only have a couple old s5's at the moment, but even more reason to avoid giving away btc.

I don't get at all why the biggest pools, are the biggest pools.. I'm guessing they grow because they are big, and they got big by being affiliated with bitmain?

Btc.com says they are giving you fees with their pps+ system or whatever it is, but I have my doubts as to how much of the fee they give out. (shared by many I know)

Next block, right this way

I also have a small farm, and belong to two co-ops.   I love co-ops for their support, collective wisdom and - of special application to mining gear - 9 times out of 10 it really brings the prices down significantly.   I doubt co-ops would ever work in crypto mining; but one can dream so here goes.....

Are there 10-20 of us in the USA that can buy a "full solution" pallet???  I'm in for 4 of them....   would keep the price right at $3KUSD I figure, even if we let the organizer charge an extra $100 per unit for the hassle and figuring lawyer fees to escrow and handle the money for transparency and safety.   

Cons:  Not sure Canaan's agreement with their resellers would allow this, and who has time to be the organizer??   Dang I just hate the rocks of reality (-:

Yep, gotta keep up with the network increase if you want to stay in the game.  Most people exchanging for FIAT aren't doing that for the majority of their earnings.  HODL HODL HODL

Yes, Canaan cost is high. We will see how the demand is at that supply cost. I would buy the miner that has the best Hash/(equipment cost + running cost) AND best delivery time. Im only concerned with how much Hash power is added the network - who supplies it is irrelevant(though I like to hate Bitmain - I make friends that way ). Unfortunately more suppliers mean more capacity to create hash power :/

As a miner one only has to increase your mining hashrate at the same % as the network difficulty increase to hold current BTC reward. Not too difficult for most.

I was waiting for the Canaan A8's but at 4K a pop? Wow, that is hard to justify. Currently at 56TH/s with 4 S9's at 14TH/s each. I paid ~7.5K +/- for the miners (bought when they were $1,320 ea), power supplies and PDU's. To get the comparable hash with Canaan is ~23K +/- for the miners, power supplies and PDU's. I love the fact that Canaan is a competitor but WOW, paying 3 times the cost is very hard to justify for less hash rate. Did these miners use gold hashing boards?

Others thoughts?

Indeed. It wasn't all that long ago (last Spring, I think) that 15TH was a goal. It's unfortunate that hardware prices are going through the roof along with spot. I'll be staying at my 43TH for a while, it seems.

Yes, miners are becoming quite expensive. If one mine with the intention to convert BTC to FIAT as the reward comes in then one may need to rethink the strategy.

We have to use some calculations to justify buying miners I suppose (or take a leap of faith). On my calcs and some scenario (which will be wrong):
With an average network diff increase of 5%-12% per 2016 blocks over the next year the cumulative BTC return after 12 months will be 0.01452 to 0.0251 BTC/1Th. (Excluding tx fee and pool cost)

A scenario: Say for 12 month period accumulate BTC reward :
12% diff increase avg. => total BTC=0.01452/Th ; BTC/$ 'double' to $29000 => Return $421/Th
Avalon821 at 11Th/s       => Return $4633 after 12 months.
Antminer S9 at 13.5Th/s => Return $5686 after 12 months.

A lot of ifs and maybes but not sure I will buy an Avalon821 at $4000 (excl. tax, shipping, running cost) if want to convert to FIAT within 12months.

Thank you Kano for everything you do! Got great payouts the past two months even though they were slow months. I'm adding more s9s this weekend and hopefully will crack the top 15 list. Can't wait to find a block of my own and make the acclaim list! MINE ON!

I guess it depends where you live, but my 3 S7s and even my S7-LN are turning a nice profit. My electricity costs are .08/kw and then it goes down to .03/kw after the first 1000 kw are consumed. Looking forward to the next block to see what my total of 15 TH is going to bring. I know that's small time compared to some people, but we have to start somewhere!

I've been running three S7s at Labrador for months, at 4.5TH each, and they are doing just fine and definitely profitable.