Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 729. (Read 5352367 times)

I'm going to ask a noob question here as I can't really find a solid answer. I've referenced the site whattomine to check profitability of mining different algo's/equipment/etc, but I am questioning the accuracy of it's estimations. For example, if you were to put in the specs of an S9 and check current profitability at the current difficulty it has BTC as the 6th most profitable SHA256 algo. Obviously these results fluctuate constantly due to many factors and the filters you select, but it just doesn't feel like an accurate estimation is being portrayed.

Over the past month or so that I've been mining and looking at the site its show than mining via NiceHash was almost always more profitable than mining BTC. I mined on NiceHash for about a week and if I compare my BTC per TH/day to what the forum members reported as their average at Kano pool over the last 3 months (when luck was pretty bad for the pool) mining with at Kano was much more profitable, by something like 30% even with the run of bad luck/difficult blocks.

I guess my question is how much trust should one put into a site like whattomine and how do you truly calculate what the most profitable use of your mining power is? Currently the site is showing BCH as being $0.45 per TH/day more profitable to mine than BTC, but it also says NiceHash is $0.25 per TH/day more profitable than BTC which I know is a fallacy.

If someone can chime in with some more information or point me towards some resources that can provide me better/more accurate info/estimations it would be greatly appreciated and likely useful to more people than just myself.

what fork?

Ya its easy to convert btc to BCH other then then the fact that to do so would be to support and help prop up BCH and make it seem as if its a legitment coin that would be able to live on its own without life support Or helping propping it up as if its a weekend at Bernies.

Tho no matter what form of payment someone sends to bitmain is also propping up bitmain and still putting money in jihad wu's hands either way. 

 

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

If you watch BTC price regularly you'll see it goes up and down all the time.  Right now it's on the down swing.

I think people buy when low and sell when high.  Lots of volatility means lots of room for profit.  Or loss, if you play it wrong...

M

Nice to see the Diff drop from 1.45T to 1.36T!

 [2017-11-10 09:19:47] Pool 0 message: Authorised, welcome to ckpool clg3!
 [2017-11-10 09:19:47] Network diff set to 1.45T
 [2017-11-10 09:24:54] Stratum from pool 0 detected new block
 [2017-11-10 09:25:14] Stratum from pool 0 detected new block
 [2017-11-10 09:27:05] Stratum from pool 0 detected new block
 [2017-11-10 09:39:51] Network diff set to 1.36T

Bah, BTC still at $6800 is a total win!  And indeed smegwit2x has been stopped for now, hopefully forever.

Hey guys, I see that BTC price is going down.  Looks like that the people that bought a bunch of coins to make some money on the split have started selling them.  Anyone know if the split is still in effect? 

Prior results have no impact on current or future results!  The human mind likes to think otherwise, however it's a complete fallacy.

In other news, difficulty is slated to decrease by 6% in 12 blocks.  About 2 hours from now..

M

Correct, but many of the blocks we've hit recently haven't been much over 100%...so if we get one of those, it'll be at least a week to crack it with our current hash rate.  And that is what I was getting back with the one block every 36 hours comment.

No problem here kano-san!

the 13x is the 5 minute average, which moves around a lot.
the 9x is the 1 hour average which takes a while to reach it's expected value ... since it's the average over the past hour or 3

CDF says to expect an average, over a large sample, of one in 20.1 blocks to be over 300% ... just like every other pool.

Roger that. Thanks, Phil.

current/ average.

give it time it will be about 14th say 10 hours from now.

Ahh! Nope. One worker is fine. Just worried it was a setting I messed up.

Why is it saying 13xxx/9xxx for total hash rate?

No 300%+ blocks lately for one.

It's called luck

With current hash rate, is it expected to find a block every 36 hours? It seems that less hash rate has better return rate for the past few months. I don't understand how it could be.

Once it was dust, now it's not. In future, hope it could be fortune

That's totally schweet, kano-san.  We all have accumulated some, usually small, amount of dust over the time we've been here.  You said you'd get around to the code changes needed to handle the dust and 'phantom' accounts accrued, and you are a man of your word. Huzzah! 
Mine on, LAMF!!