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Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 599. (Read 5352322 times)

newbie
Activity: 12
Merit: 0
DUMB QUESTION: If you order something online and pay with Btc (actually send it), and what you ordered never shows up, you've just been scammed, right?  How do you deal with this Btc flaw?  (in this way Btc is pretty much like cash - at least with a credit card you're sorta protected from scams - am I seeing this correctly?)

The moment you send a transaction and it is confirmed by the network, you only get your BTC back if the person who receives it decides to send it back to you.

Look at the Nicehash hack, for example: Everyone knows which address held the stolen BTC, but they sure as hell aren't getting it back.
legendary
Activity: 3990
Merit: 4597
No need to go into ANY power calculations in the already voluminous pool thread... Roll Eyes

https://bitcointalksearch.org/topic/do-not-post-off-topic-replies-548999

much better than stupid dance comments.
is this some kind of voodoo convention?
if yes, then maybe calls to "deities" piss them off and give you bad luck
as good an explanation as any that I have seen here :/
sr. member
Activity: 509
Merit: 250
worse luck i got, received only $13 after waiting over 52 hours
legendary
Activity: 3990
Merit: 4597
DUMB QUESTION: If you order something online and pay with Btc (actually send it), and what you ordered never shows up, you've just been scammed, right?  How do you deal with this Btc flaw?  (in this way Btc is pretty much like cash - at least with a credit card you're sorta protected from scams - am I seeing this correctly?)

DUMB answer: if your government decided to eliminate two most popular cash denominations overnight and you were preparing that cash to pay for your daughter wedding, what you are going to do? stay in 1000 people line? Cry? whatever.

If you want serious answer-market will evolve just like it always does , probably mostly on feedback, but it IS YOUR money vs NOT REALLY your money. Get it?
hero member
Activity: 1610
Merit: 538
I'm in BTC XTC
No need to go into ANY power calculations in the already voluminous pool thread... Roll Eyes

https://bitcointalksearch.org/topic/do-not-post-off-topic-replies-548999
legendary
Activity: 3990
Merit: 4597

The first couple of times I did this I was WAY off because I sort of ignored that stuff...  
I guess it should be checked by rolling everything back to the fundamental units - all the way back to Joules (Watt = J/sec.) and carefully carry the time through the calculation...


well, i got ~0.1% and this source agrees:
https://www.washingtonpost.com/news/energy-environment/wp/2017/12/19/why-the-bitcoin-craze-is-using-up-so-much-energy
referenced also here:
https://www.washingtonpost.com/news/wonk/wp/2018/01/08/bitcoin-is-the-new-middle-ages

besides, it looks like you got some wrong idea about kwh.
here is a good explanation:
http://www.energylens.com/articles/kw-and-kwh

in other words when you compare energy use between two entities (miners and whole earth) all that matters is a proportion as long as you use exactly the same units (and timeframe). Wikipedia page (just look at it carefully) says that:
Quote
In 2008, the world total of electricity production was 20.279 petawatt-hours (PWh). This number corresponds to an average power of 2.31 TW continuously during the year. The

No need to do any hours per year calculation.
1.4 GW continuous energy use for miners (your number)
2.31 TW continuous energy use for earth (from wiki)

1.4/2310=0.06% (adjusted to 0.075 by me to compensate for older miners; others think that you need to compensate more to 0.1%)
newbie
Activity: 30
Merit: 0
You can't say 1.4GWh (energy) for a miner - miners are rated in power (kW) - the "h" part depends on how long you run it.  
 
Energy (TWh) for all humans is computed annually so ~20,000 TWh (first table on that wiki page) - which is Watts of power generated times the length of time over which it was generated - so total Watts (in a year) * total hours (in a year) = Watt-hr   (I think it would be OK to call this Watt-hr/annum)

The first couple of times I did this I was WAY off because I sort of ignored that stuff...  
I guess it should be checked by rolling everything back to the fundamental units - all the way back to Joules (Watt = J/sec.) and carefully carry the time through the calculation...


DUMB QUESTION: If you order something online and pay with Btc (actually send it), and what you ordered never shows up, you've just been scammed, right?  How do you deal with this Btc flaw?  (in this way Btc is pretty much like cash - at least with a credit card you're sorta protected from scams - am I seeing this correctly?)



So a million S9's use 1,400 million Watts of power, or 1.4 GigaWatts of power.  


The total annual electric energy generated by humanity is about 24,000 TeraWatt-hours.  (wikipedia)


Final improved calc (I also made a mistake in original calc)

1.4 Gwh for miners
2.31 TWh (2310 Gwh) continuous average for Earth
see https://en.wikipedia.org/wiki/Electric_energy_consumption
1.4/2310=0.0006 or 0.06%
maybe if you count less efficient miners, the real number is 50% higher (although I doubt it because old miners like S7produce 3-4 times less than S9) to 0.1%

0.1% is max, with 0.07-0.075% being more realistic.

However, banks consume at least five times more energy:
https://www.bitsonline.com/bitcoin-vs-banks-uses-energy/

full member
Activity: 658
Merit: 118
Thanks Dance!

Happy to see the New Year's payouts confirm in my wallet.
member
Activity: 658
Merit: 21
4 s9's 2 821's
Dont let your miner/s celebrate too long.... crack the whip and let them mine on!

Let them confirm this block first and then hit the next block.  JMO.  Smiley
sr. member
Activity: 519
Merit: 253
I'm gonna take a break.  I have sat at this desk for nearly 200 hours, watching the counter since the last block.  I need to go get some sleep, take a shower, throw out the pizza boxes, recycle the 57 coke cans, and change my socks.  Not necessarily in that order.....   Roll Eyes

Thanks for taking a break. It got us a block.  Wink

As the old saying goes, "A watched pot never boils."
member
Activity: 210
Merit: 15
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
That approached me about testing it on the pool.
I said, send me one, and if it's real I'd put it on the pool to prove it to anyone else, and then I'd buy a bunch from them Smiley
I've not heard back yet Tongue
Thanks... waiting to pull the trigger on the new Canaan 8 series. Mining On with Kano-San. BTC
member
Activity: 126
Merit: 10
And they also refuse us longtime forum members to help them by doing a honest, thorough review here at the forum after buying a demo unit.

And why would a legit business brining a new product to the market want honest feedback from long-time members in the product's community? Are you crazy or something?  Roll Eyes
legendary
Activity: 2506
Merit: 1714
Electrical engineer. Mining since 2014.
And they also refuse us longtime forum members to help them by doing a honest, thorough review here at the forum after buying a demo unit.
member
Activity: 126
Merit: 10
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
That approached me about testing it on the pool.
I said, send me one, and if it's real I'd put it on the pool to prove it to anyone else, and then I'd buy a bunch from them Smiley
I've not heard back yet Tongue

Any idea how legit they (Halong Mining) are?

It seems that they went with Slush Pool with the testing process.

I was wondering about them also. I saw another thread talking about them. Anytime there is very low circulating information and the buy-in price is large there is room to be cautious. 10k in bitcoin and delivery months away from a company that has little to no history of transactions with members on the forum? What could go wrong?
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
That approached me about testing it on the pool.
I said, send me one, and if it's real I'd put it on the pool to prove it to anyone else, and then I'd buy a bunch from them Smiley
I've not heard back yet Tongue

Any idea how legit they (Halong Mining) are?

It seems that they went with Slush Pool with the testing process.
No idea, that was the point of asking them to send me one.
I wouldn't trust anything slush said Tongue
legendary
Activity: 2506
Merit: 1714
Electrical engineer. Mining since 2014.
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
That approached me about testing it on the pool.
I said, send me one, and if it's real I'd put it on the pool to prove it to anyone else, and then I'd buy a bunch from them Smiley
I've not heard back yet Tongue

Any idea how legit they (Halong Mining) are?

It seems that they went with Slush Pool with the testing process.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
That approached me about testing it on the pool.
I said, send me one, and if it's real I'd put it on the pool to prove it to anyone else, and then I'd buy a bunch from them Smiley
I've not heard back yet Tongue
newbie
Activity: 8
Merit: 1
Thank You!!!

Two payments and a big reward! Lovin' it! Mine on!
member
Activity: 210
Merit: 15
https://halongmining.com/shop/dragonmint-16t-miner/

Opinions?? They are available.

Kano, do you know anything about these?
sr. member
Activity: 276
Merit: 250
Block! by Dance!

Ahhhh! It's great to wake up to a 2018 Block! Cheesy

Indeed, Sonny, indeed. Woo hoo!
And if anyone shot themselves in the head just before the phone rang, well...thanks to our 5ND method, you're still alive, so you're still gonna get a piece of the big sale! No better place to mine than here. Mine on!  Grin
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