Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 647. (Read 5352367 times)

I have never received a quote for renting mining power. I have wondered though if that is something that would be lucrative if we, as a pool, came together and invested in. In other words, if the cost was shared the members wouldn't it be worth the investment? Obviously, a short-term investment would be a gamble. I am talking over a few months.

It will not get anywhere? Sorry for my english.
497605   1Gic6xCu8vTMwHYWhFowaztXAfR9fR7ra       0.00009081   *
497299   1Gic6xCu8vTMwHYWhFowaztXAfR9fR7ra       0.00001986   *
little thing, but....

Ok, get your feet wet and see how it goes. Come back, you could end up being a whale one day, but right now, me included, we are just minnows in a big pond full of predators.

Thank you verry much, it sound pretty good. Actually the most problem about cryptocurrencies is a lot of people making money with misunderstanding and unknowledge of newbies. It's very hard to avoid bad plans. It seem here there are trusted involved members.

Next step: find great device to mine, then ...  I WILL BACK ... 

"Part of SegWit increased the cost of transactions with addresses that start with a '1'
Now one of the reason why transactions are still slow under segwit is that you have to transfer ALL your bitcoin to P2SH addresses ('3' addresses) to get the pre-segwit cost of transactions.
All addresses that start with '1' now cost 4 times as much to process with corecoin bitcoind."

Kano - So maybe Roger Ver was right when he said that BCash was the only way to fix the problem. But that was predominantly driven by the Antpoo BiteMe group. Hmmm.

Will Lightning Network solve the high transaction fee problems. Once the Block gets confirmed and in the chain, couldn't you use Lightning to send out the rewards and avoid the high fees? It would require "trust" but is that the future for Pool Operators who are conscious of costs?

Anyway... Interesting and good perspective. Thanks for the ground truth, lots of crap out there, that was the best explanation I have heard yet.

MINE ON WITH KANO-SAN, oh thats you. So MINE ON!! Thanks for a great pool and unquestionable SME knowledge.  

Well renting anywhere is not a solution
When we were 200PHs at the end of October, the largest miner (and I) rented a total of approx 100PHs from Nice hash.
I lost 50% (1.5 BTC) he lost a very large amount more.

Why? Coz the blocks found during that rental period (last 2 weeks of October) were the worst luck of all time on the pool (probably worse than any other pool in recorded history - but only for that short period of time)
Why? Well either it was just bad luck, or there was a problem with the rental (nicehash) they were more than 50% of the pool.
The statistics available are not large enough to determine which is the case, but they were very close to being unlikely to be just bad luck.

I recently checked the prices on MRR and they were WAY above the best expected mining return you could ever consider.

Renting here would be rough.  It'll take ~15 days to reach full payout for any block that is found.

M

Honestly, renting Hash rate is not a solution, especially on this pool, since $30 times 30 days is 900 dollars. Approximately 17 days to get full share for shares provided to the pool at 7.8TH. It truly is a gamble since we may hit 20 blocks or 5 in those 30 days and subsequent Ramp Down within the Payout period for the Shares you provided. You would be much better off just buying a Used miner like a S7 or Avalon 741 if you can get one and mine consistently over time. That way, while there is variance in when the pool hits a block, once you have your 5 times difficulty into the pool at your Hash Rate, you are going to get the maximum possible payout per block. That is all I got for you. Good Luck. If you want to compute possible Return on Investment, go here. http://tradebtc.net/bitcalc.php  I can tell you already that it doesn't look good for 7.8 TH/s. You would need a lot of luck.

The whole network has enabled SegWit.

SegWit is a lie.
It's not a block size solution - core knew that - but they lied about it to get their agenda.
SegWit is, as it's name specifically states - a bug fix for their fuck up of P2SH - segregating the witness data from the transaction hash data to avoid a malleability issue that in truth is not really a big deal at all, only a problem for sites that can't code their transaction processing in a safe manner.
That's the reason it exists.
There are other side effects, but that's the name of the change and the reason it exists.

Why do you think 2x never happened? Coz core decided that their central control shouldn't allow it.
2x is a block size solution - double the block size.
Not the BEST block size solution, but better than the SegWit scam.
The current problems WOULD NOT EXIST if the network was using twice the block size.

IMO the best block size solution was BIP100 - but that was never going to be implemented because the size was controlled by voting with mining power - not controlled by core - so they would never accept that option - they want to keep their central control of bitcoin.

Part of SegWit increased the cost of transactions with addresses that start with a '1'
Now one of the reason why transactions are still slow under segwit is that you have to transfer ALL your bitcoin to P2SH addresses ('3' addresses) to get the pre-segwit cost of transactions.
All addresses that start with '1' now cost 4 times as much to process with corecoin bitcoind.

jiizzz ! They don't give me enough infos before renting, damn !

OK, would you give me a good strategy about mining duration? How much time have I to mine for interesting payout?

Last renting 24h solution burn me 30$US for 7.8TH/s, the goal may be to test wich device is most efficient before to buy it.

Any opinion, please?

It's because there has been no consensus on how to address it.

Apparently "just upgrading the block size" isn't as easy as it sounds.

So we continue to live with high transaction fees and slow confirmations.

M

The free tx accelerator is here.

Per Kano, the tx id is:

9cfe4008a309f34a02729e90d3d2bd8e297cd64311602fd2ba705959db496ff6

I'd like to get the payout earlier too.  If enough of us try, we can probably get the tx in the accelerator.  Eventually.  Just post here if you do, so that the rest of us can stop.

M

Why is the Mem Pool slammed. Is it because only 5% of the BTC Network is signaling for SEGWIT?

Last 24 hrs?
No blocks = no rewards.

Last payout:
https://bitcointalksearch.org/topic/m.26690636

Hello Kano, Newbie from Belgium there.
Since yesterday 16:00 (GMT +1 ) I have rented Ant miner with 7.8 TH/s during 24h. Now I would like to calculate my ROI to decide if this solution is interesting or not. Then, could you let me know how much rewards I have mined during 24h.

By the way, please, let me know about payout date, I have no idea how to check it in blockchain explorer.

I apologize about my poor mining knowledge actually. For sure i grow up to expert stage as soon as possible.

Thank's a lot

Have a nice mining job

 

It's 42000 out of my pocket

P.S. there's another small web DDoS going on ... if you find you can't login to the web site.

No effect on mining at all.

It was a big day for Bitcoin Cash, as it got listed on several exchanges. Consequently, it was up over 75% at some point. A lot of the $ going into BCH comes out of Bitcoin, hence the sudden drop in price in BTC while BCH goes on a heater. Now as the dust settles, BCH has already given back some of its immediate gains, while BTC is regaining some of the day's decline.

Nevertheless, the day to day price of BTC is just a distraction, especially for a miner. As Kano said earlier, if you are overly concerned about the current BTC price, day-trading may be a better calling...

Ok thanks for the clarification. Is that 45000 Satoshis per wallet payout, or for all of the payouts combined?

The fee can be assigned per transaction.  Those fees are included in the block that pools find, that's anything ever the 12.5 Bitcoin.  Pools/Miners choose the transactions that have the highest transaction fee payout to maximize the gains.

If someone else includes our transaction in their block, they get the 45000 Satoshis that was sent as the transaction fee with that transaction.  If no one does and we find the next block, that transaction is included if it is still unconfirmed, thus, we get our own 45000 satoshis in our next block, which ends up going back to our pockets.

Can someone clarify the fees? If someone confirms the payment before the next block, will it still be 0 fee? And if it does go through with our next block, is that truly 0 fee? I am new to all this and didn't know there are tricks to getting payments confirmed with 0 fees.