Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 69. (Read 5352140 times)

You will definitely have a green streak sooner or later! Because it should even out to 100% in the end, how long will it take for that to happen, no one knows.  If I only had 8 S9’s I would probably too still be in this pool, just paying the electric bill from my pocket for now, knowing that I will get a return later.

How much you pay per kilowatt?  If not a secret?

It seems to me that you haven’t realized that I’m not in this pool and just haven’t read everything that we talked about careful enough.

I wasn’t here in September and was just saying that it would be impossible for me to point all of my miners here now, simply because I don’t have that much money to pay the electric company without getting paid myself.  Because of the ramp up time, even if the pool would be at 100% luck next month.

Thank you the awesome lesson!   I’m packing my bags to Venezuela!  

Ok, its my mistake  Sometimes look at pool interface (example block 0.031% solved) Even if im mining NOT SOLO. I understand, now im not stupid 

I doubled my miners in October and again in November.  Granted I am still tiny compared to most with only 8 S9's now, but I must admit that with the lower blocks and BTC prices since I upgraded, it has been painful to see my electric bill climb without out the return to help cover those increased costs.  That said, I continue to hang here with Kano since the pool is expertly managed by a seasoned pro, everyone shares their knowledge and insights, and I left in the first place because I wanted the opportunity to see the high monthly rewards that often appear with a smaller pool. 

I am confident that we will see several more amazing months arrive soon (and I predict we will see 3 blocks before the end of the year).  Once the luck turns, those who continue to Mine On with Kano will surely be pleased with HUGE payouts per block due to our our lower pool hash rate.  Plus when the pool hoppers come back, we will reap the short term benefits of being fully ramped up (of course the newcomers will get their reward for the effort they put in as well).  Obviously these are tricky times (as they have been in the past as I understand).  So everyone needs to determine their level of risk and do what makes sense.

Merry Christmas, Happy New Year and Mine On with Kano!

You don't get the entire block if you solve one here.   This is not a solo pool.

Well, as I have explained in Discord and briefly mentioned already here also, the top miner (~130PH) left due to luck.

His plans for Bitcoin this year of being 350PH by the end of the year never happened.
We've had a pretty stagnant year with the hash rate, although we've had a few large miners join, they seem to not stay around long term.

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I also mentioned earlier about how I've been in discussion with a few 200PH miners on various occasions this year, but they were, to be blunt, a waste of time and I doubt would ever have come here anyway.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

3700 dollars is big profit/24h 

It seems to me that you are unable to account for variance. So when it was high, you were supposed to save that extra income (above 100%) for the time when its low (below 100%), and because of that you need somebody else to do it for you (the PPS pool). Of course you are losing more in fees to that pool, and enter the risks associated with PPS pools...

Or, you did the mistake of spending the above 100% bonus immediately, a bonus you would have never received on PPS pools...


That said, over a given period of time (the longer the better) two identical asics mining in separate pools, one PPS and one PPLNS, the PPLNS one will earn (a little bit) more, even if you keep "grasshopper hoping" with the PPS asic or try to "game the luck".

If your mining operation is failing because the costs in America are now too high, you have other decisions to make rather than blame the pool or the luck: Either move to another country or shutdown (or buy a town powerplant, like Bitmain did), etc.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

20 PH/s you get good profit. $3,694.61/24h + ASIC blockie on bitcoin pool? If you have free electricity, you get $79/24h savings on budget.

Merry Christmas and Happy New Year!

Take it to the local Antique shop to see how much they will give you for it, for that price you might be able to buy the newest model Insilicon 47Th  

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

Actually the profit in this pool in September wasn’t the question I’ve asked.

  I asked how did you calculate that the profit was double than any other pool?  If for example the luck in September was 100% in another pool and here it was 134% how would it make it more than double of profit?  Is it because of the 0.9% fee compared to let’s say 2%?  

And yes, if I wasn’t making 50% clean profit back then I would probably loose some money after electric bill nowadays, but It would still cover most of my electricity bill by the end of the month, when here if we get only half of the expected blocks by the end of the month, that would leave me with thousands of dollars to pay from my pocket, which I don’t have.  I think I explained MY situation pretty clear and I really don’t care how others pay to run their miners, I’m just sharing my case.

Besides.  I don’t know how long is the ramp up time these days but I definitely wouldn’t have the 10-20k to pay the electric company up front the first month.  

And Kano, I would love to hear your comment on why so many miners have left last month.  You think it was because of the drop of BTC price or did it have something to do with the pools luck?

The mining has become an industrial level business and it is very hard to stay afloat if you don’t have a couple hundred grand stashed away to gamble with.  But I don’t have more money to gamble with other than what I’ve made almost all in the Casino Kano.  

Don’t get me wrong guys, I don’t have nothing against Kano pool, simply because it has made me more than 20 BTC in like a year with just 3 s7’s at the beginning and then I added only like 7-S9’s.  These days of course I have a quite a few more and can only wish I had them all a year ago!  

I miss those days when we were getting like 12 blocks per day with just like 20PH!  


Merry Christmas to all and a Happy New Years.....

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

I have technical problems about AntMiner  Offline since fall.

If you only normally make a 10% profit for 100% luck, then September profit was over 400% of your usual profit.
i.e. if you normally make 10% of 100% then your costs are of course 90%, so Sept was 134% - 90% = 44%
and since you normally make 10% that's 4.4 times your normal profit so 440% of your normal profit in September.
Simple math - though usually it requires a little accounting understanding.
Total/Gross income doesn't mean much, it's Net that matters

Anyway, as rifleman pointed out and can be seen I specifically stated

Anyway, with the price dropping to about half, unless you were doing better than 50% as profit, that would mean you're losing money no matter what - so the pool luck isn't much of an excuse anyway.

No, he most certainly meant "good with the bad".   Read his entire response again.

Yeah, if the miners saved all the profit from September then they might have had a chance to pay some of their electricity for the following 3 months here, but from the looks of the recent hashrate drop, most of them OBVIOUSLY didn’t and spent it all on Fast Women!

And I don’t understand why are you saying that in September every miner here doubled their profit compared to other pools?  . Is it because of the 130% luck or the 0.9% fee?

 I am not talking about September but rather about the current situation in which a 30% Profit is probably possible only in some place in Venezuela or China.

 But here in North America at this moment you’ll be lucky to just pay your electric bill.  If the luck is 60% this month and even if I know that the luck will be 150% the next, that still isn’t going to do any good for me.

If i don’t pay my bill by the end of this month, i won’t have electricity the next, If i don’t have electricity, I won’t have miners powered up to have them running for the next month when the luck “could be excellent”.  

Then all I get are the payments from the blocks on the ramp down with the miners being off until I could get enough money to pay the bill and start the miners again?  Would be same as hopping, the only difference is that I would be hopping in the same pool from days when I could afford to have the miners on to the days when the are off.

I prefer to keep mine on 24/7, at least until things don’t start to look more stable here.  

 Shouldn’t be hard to understand.  

And you probably meant to say “take the bad with the good”. And not the other way around. 

Well if you don't understand variance that may be the case ...

E.g. a miner who makes 30% profit from mining, more than doubled their profit here vs any other pool in Sep.
If they make 20% profit, then Sep was better than a 250% profit month ...
... so I guess they spent all that on drugs, fast women and fast cars

If luck evens out 100%, then you OBVIOUSLY need to take the good with the bad ...
But that requires some intelligence ...

It didn’t really matter before (since it did usually sum up to 100% luck at the end of the month) and it might not even matter now for people that have just a few miners (for taking off the shelf for cleaning  ) and put out a couple TH or even a hundred, since they can probably cover the missing amount for the electricity out of their pocket and wait for the next month or more.  Until the luck evens out to 100%.

  BUT for people that push PH’s and get a 10k electricity bill at the end of the month and realize that they have to pay 5k out of their pocket (which they probably don’t have just laying around) because the luck was 50% this month, it really does matter!   And that will get you HOPPING LIKE A GRASSHOPPER, not knowing what to do!