Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 594. (Read 5352322 times)

Hello Kano folks! New user here with questions:

So I've tried to read up and understand the 5nd payout system here, but I'm still confused by what I'm seeing in the Rewards chart:

Block   Block UTC   Miner Reward   N Diff   N Range   Pool N Avg   Your %   Your N Diff   Your N Avg   Your BTC
503342   9/Jan 13:06   17.49562099   9.672T   400hr 1m 5s   28.85PHs   0.05%   5.148G   15.35THs   0.00931291
503173   8/Jan 13:07   16.80480059   9.672T   402hr 52m 5s   28.64PHs   0.04%   4.330G   12.82THs   0.00752370
501835   31/Dec 04:29   13.87323470   9.375T   403hr 51m 34s   27.69PHs   0.00%   2.691M   7.95GHs   0.00000398
501739   30/Dec 15:02   18.89891105   9.369T   405hr 26m 11s   27.57PHs   0.00%   2.691M   7.92GHs   0.00000542
500907   25/Dec 00:25   16.01272351   9.379T   408hr 46m 16s   27.37PHs   0.00%   2.691M   7.85GHs   0.00000459
500622   23/Dec 01:54   22.67465393   9.370T   409hr 52m 47s   27.27PHs   0.00%   2.691M   7.83GHs   0.00000651
500096   19/Dec 08:02   16.86483522   9.379T   431hr 40m 3s   25.92PHs   0.00%   2.691M   7.44GHs   0.00000483
Total:      0.01686194


(the reward from Dec 19 is from when I first started setting up the miner to test on Kano before I promptly started on Slush, so I guess 5nd dust payments in Dec. Won't these dust rewards get lumped together with the next payments?)

I started to fully mine on Kano, pointing 40TH around ~70/190 hrs (Jan 3) into finding block 503173.

1) Why is my Avg at 12-15 TH/s? I thought it would be around 40 TH/s for the last block since I was mining for its entire duration?

2) Since I was fully involved from beginning to end for block 503342, why does it look like I only contributed/got rewarded a small part? Somehow I thought by the 2nd block the reward would be (the 2N reward from block #1) plus (the next full 1N reward included in the 2nd block), or roughly double of the reward of the first block? like, if 1st block reward is {1nA}, 2nd block is {2nA + 1nB}, then on 3rd block it would be {3nA + 2nB + 1nC}, etc. where the blocks are A, B, and C?

Not sure if I'm making much sense, but in other words:
I guess I was assuming since my 1st block reward was ~0.007, that if i didn't mine any of the 2nd block, I would still get ~0.007 in the next 4 blocks.
Since I contributed to the full 2nd block, I thought the next reward would be around ~0.007 for the 2nd block by itself, plus the remaining ~0.007 reward from the first block.


It will probably be more clear once I reach 5n, but I would really like to understand the exact math of it, as poor as my comprehension is on the subject. Can someone give some simple examples of the {Hash Rate avg} vs {Reward} vs {Block#}, given a constant user hashrate of say 40TH/s?

Thanks much for any insight!

I had a funny issue with this on a brand new S9.  I upgraded the firmware and that fixed the problem.  Mine however was when the S9 started up, only 2 of the three red led's were on, on the hash boards.

Maybe just try re-write the firmware even if its the same version.

NEWBIE QUESTION ALERT

Is there any benefit to filling in the Management Page details?
https://kano.is/index.php?k=workmgt

Thank you

Hey fellow KanoMiners -

Question about my S7 not running like it used to. One of the boards keeps dying. When it does, and the hashrate drops by 1/3, I usually take it apart and give it a good blow and clean it. I restart it and the third board comes back. It usually isn't actually very dirty at all (this is running in a pretty clean, dry space.)

Any thoughts about what I can do here so the board doesn't continually die? I believe it is board number 2?

Thanks!

A while
Or PM me your IP and username

Not too sure we'll be around when it's basically transaction fees.   

Just logged on and saw this exchange, and my first thought was the same, Sonny. This is the same brouhaha that went down at the last two halvings. BTC...and we...aren't going anywhere. My own biz plan includes projecting what I'll be doing when it's tx fees only. IMHO, there is a high likelihood that the net returns may not be that much less than today's, for various reasons.
 

Correctamundo.  We'll just have newer/more powerful gear but the end result will be the same.  You'll see the transactions actually being higher than the actual block reward, if they get the block size correct.  More transactions, low fees, win/win for all.  

So I have forgot my sign in info and have tried too many times. How long till it resets?

Lots of folks were saying the same thing about the last halving...and lots of folks were depressed about bitcoin going away then!

Don't pay attention to the "EXPERTS"

If the rewards are halved but the value doubles it is a wash (this is spec based on rifleman's theory on the price increase).

Actually, if you think about it, the rewards are halved so the rewards will decrease and not be worth the mining.  I saw a documentary on this.  I cant recall all the details, and my head hurts from my cold..  but basically the amount of power required now to do this is worth mining it, eventually the rewards get halved and then the cost put into mining outweighs the gain.  This isn't any time soon.  It was very far away.  If I can find the video on you tube, i'll post it.

It is all going to be relative. There will be many more miners and the computational power of the miners will increase tremendously as well.

Wait until the next halving in 2020...you'll see a big difference.   Increase the block size and keep the fees low...everyone wins (especially if BTC price is 1.5-2X current value).

Here here!  You are in the top ~1/6th on this pool in terms of your hash rate so that is pretty significant!

Valid point.  About 16.8mil of the 21mil has been mined... I suppose one can look at the BTC distribution in wallets to get an idea of the circulation.

Altcoins are also valued relative to Bitcoin so coins that survive should have value relative to Bitcoin - for that matter other asset classes too.

I fear in the future bitcoin will become less and less.  As pools that keep transaction fees for themselves will keep getting more and more each time bitcoin is moved.  Eventually only a few will have any bitcoin.  IS it worth as much if only a few have it?  I know this is FAR FAR away, but something to think about.

I just made my first quarter hosting fees (due in March), and it's only the 9th of Jan. My 20-yr old 4x4's mandatory running gear overhaul (I lost a front knuckle/axle on the road last month...that was fun) can be paid for without liquidating everything else I own, and renting out Sky Pilot (grrrr in the background).

At 43TH, I'm not getting rich...but I have a security for my personal situation that was lacking prior to my experience with this pool...and I've been mining since the "white paper." More importantly, I feel that I'm contributing to a system that is likely to change the way the world does business, for the better.

That's why I'm here.

It's so quick, will make your head spin.   We're due for an under 50% block here....using my coconut shells and the magic 8 ball.

Ditto (for the A8) - and thanks again to Canaan!!

Mine On!!