Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 731. (Read 5352367 times)
November 09, 2017, 10:45:04 AM
S9's are once again available.
November 09, 2017, 09:52:06 AM
Yes, and a payout! Lol thanks Kano!
November 09, 2017, 09:16:36 AM
Even with not many fees, I'll take it!
Thanks Kano!
Thanks Kano!
November 09, 2017, 07:48:46 AM
Block by Cobramining with 13.34 BTC! 
Yeah it was only a 20 second network block so not a lot of transaction fees. 
November 09, 2017, 07:24:19 AM
And good cheer!
November 09, 2017, 07:10:43 AM
November 09, 2017, 07:09:52 AM
Block by Cobramining with 13.34 BTC!
November 09, 2017, 03:13:04 AM
For any one who noticed, the NL node network dropped out and back again at 08:03 UTC
Miners on the NL node will have failed over and back again pretty much straight away.
However the network issues seem to be on going ...
Edit: OK back to normal again.
Miners on the NL node will have failed over and back again pretty much straight away.
However the network issues seem to be on going ...
Edit: OK back to normal again.
November 08, 2017, 10:37:44 PM
Quote
B2X isn't guaranteed to not exist.
You might be right on that.....
i just seen this tidbit that
Mike Belshe CEO, BitGo, Inc is claiming they are going to go ahead and try to do it themselves and even sounds like they are even saying right in the first line that they are intending to do it to cause the btc diff level to drop. Which sounds like they would only do it long enough to drop difficulty leval then slam back in to btc to mine it. Seems sort of shady and dirty if there plan is to jump in and out with tons of hashrate.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
November 08, 2017, 09:54:18 PM
Quote
B2X isn't guaranteed to not exist.
You might be right on that.....
i just seen this tidbit that
Mike Belshe CEO, BitGo, Inc is claiming they are going to go ahead and try to do it themselves and even sounds like they are even saying right in the first line that they are intending to do it to cause the btc diff level to drop. Which sounds like they would only do it long enough to drop difficulty leval then slam back in to btc to mine it. Seems sort of shady and dirty if there plan is to jump in and out with tons of hashrate.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
Makes perfect sense
November 08, 2017, 09:14:29 PM
Quote
B2X isn't guaranteed to not exist.
You might be right on that.....
i just seen this tidbit that
Mike Belshe CEO, BitGo, Inc is claiming they are going to go ahead and try to do it themselves and even sounds like they are even saying right in the first line that they are intending to do it to cause the btc diff level to drop. Which sounds like they would only do it long enough to drop difficulty leval then slam back in to btc to mine it. Seems sort of shady and dirty if there plan is to jump in and out with tons of hashrate.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
November 08, 2017, 09:08:07 PM
Quote
I just went to spend my first bit coins and I was hit with a $40+ miner fee on a $50 purchase!
Forgive me if I sound dumb, BUT what the heck is a minor fee?
Whatever it is I would of hit the cancel button and just gone without what ever it was I was going to buy if there was an 80% fee tacked on to $50. Unless it was something my life depended on and lol even then im not so sure I could go threw with it. lol tho then again, i'm such a tightwad I'd rather walk over a mile to my bank to take money out of the atm with no fee rather than get ripped off paying $4 to get it from the atm across the street from my house. Unless there happened to be 2 feet of snow or something making it not worth the extra effort to save $4 A "miner fee" is a transaction fee.
The vision of Bitcoin, long term, is that miners mine blocks because of the transaction fees. At some point there won't be any more "coins" in a block ... just transaction fees. It's a long way out, but it's out there. Without fees, at that point miners won't have an incentive to mine. No mining, no blocks, no transactions, *poof*, bitcoin is dead.
Initially there were 50 coins in a block. Then it halved to 25. We're in the second halving now at 12.5. Some day it'll be 6.25, and so on.
M
Quote
A "miner fee" is a transaction fee.
ohhhhh ok just a brain fart.. For some reason, I was thinking it was some big high fee some place was chargeing to be able to spend mined btc. Instead of the standard tx fees that make for them nice juicy blocks that make mineing worth it. 
November 08, 2017, 05:20:45 PM
Quote
I just went to spend my first bit coins and I was hit with a $40+ miner fee on a $50 purchase!
Forgive me if I sound dumb, BUT what the heck is a minor fee? Whatever it is I would of hit the cancel button and just gone without what ever it was I was going to buy if there was an 80% fee tacked on to $50. Unless it was something my life depended on and lol even then im not so sure I could go threw with it. lol tho then again, i'm such a tightwad I'd rather walk over a mile to my bank to take money out of the atm with no fee rather than get ripped off paying $4 to get it from the atm across the street from my house. Unless there happened to be 2 feet of snow or something making it not worth the extra effort to save $4 A "miner fee" is a transaction fee.
The vision of Bitcoin, long term, is that miners mine blocks because of the transaction fees. At some point there won't be any more "coins" in a block ... just transaction fees. It's a long way out, but it's out there. Without fees, at that point miners won't have an incentive to mine. No mining, no blocks, no transactions, *poof*, bitcoin is dead.
Initially there were 50 coins in a block. Then it halved to 25. We're in the second halving now at 12.5. Some day it'll be 6.25, and so on.
M
November 08, 2017, 05:15:10 PM
Quote
I just went to spend my first bit coins and I was hit with a $40+ miner fee on a $50 purchase!
Forgive me if I sound dumb, BUT what the heck is a minor fee?
Whatever it is I would of hit the cancel button and just gone without what ever it was I was going to buy if there was an 80% fee tacked on to $50. Unless it was something my life depended on and lol even then im not so sure I could go threw with it. lol tho then again, i'm such a tightwad I'd rather walk over a mile to my bank to take money out of the atm with no fee rather than get ripped off paying $4 to get it from the atm across the street from my house. Unless there happened to be 2 feet of snow or something making it not worth the extra effort to save $4 November 08, 2017, 05:14:05 PM
Well since no b2x to worry about anymore, I pointed my hashing power to Kano's pool. Should have a total of 4 S9s running before end of the year, it's not much in the grand scheme, but hopefully every little bit helps!
Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.
Firstly Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.
B2X isn't guaranteed to not exist.
Just like BCH no longer had a reason to exist once the BIP91 scam was accepted by all the pools, alas, BCH does exist today anyway
However, I was gonna spend today setting up 2 more servers, one for each of BCH and B2X, for 2 new pools, but fortunately the timing occurred for that 'random' post about B2X, so that I'll not bother doing that today
Again, as I've said, we'll see what (else) happens as we close in on the expected fork block.
This is also why I wait as long as possible to make such decisions, since who knows what (else) is gonna happen as we approach the fork
However, I'm not "expecting" to need to setup a B2X fork option, due to that 'random' post about B2X, so it will "probably" just be mining as usual after the fork block comes and goes.
We'll see what happens ...
November 08, 2017, 04:50:46 PM
Well since no b2x to worry about anymore, I pointed my hashing power to Kano's pool. Should have a total of 4 S9s running before end of the year, it's not much in the grand scheme, but hopefully every little bit helps!
Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.
Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.
November 08, 2017, 04:32:34 PM
I never knew about people having problems with fees due to small pay outs. I mine to an address on my phone and every so often I move my coins to my savings wallet or the exchange to cash it out. I'm never in a hurry so I always set the transaction fee to .75USD no matter what the amount is. It has never taken more than two days to complete for me. Right now if I were to send one I would make the fee 0.0001023 for example with BTC 7.3k USD
I'm rather with you, actually. I've had a Core-to-Core tx take four days, even with a less-than-minimal fee, but that's the exception usually. I mine to my Core, and only transfer when I want to put it in my "cold storage" non-networked cold storage wallet (actually kept in my safe). Once in a while I may transfer to someone else's Core (or other wallet...whatever they use) to basically sell some of my BTC for USD quickly and locally, but that's pretty rare. Of course, I buy online pretty regularly and use BTC to pay when I can.Yeah, it can add up...but there are legit ways to keep it to a minimum safely.
November 08, 2017, 04:26:23 PM
I never knew about people having problems with fees due to small pay outs. I mine to an address on my phone and every so often I move my coins to my savings wallet or the exchange to cash it out. I'm never in a hurry so I always set the transaction fee to .75USD no matter what the amount is. It has never taken more than two days to complete for me. Right now if I were to send one I would make the fee 0.0001023 for example with BTC 7.3k USD
November 08, 2017, 03:38:00 PM
What I was asking is with current hash rate and diff, the expected blocks should be less than 1 block per day.
But the stat shows almost one block per day.
Luck, over time, is always 100%, assuming everything else is working properly.
That means some times luck will be good, and sometimes it will be bad.
Right now, so far this month, it's been good. Better than average.
The last few months have been bad. Below average.
M
Expected is the number of blocks that 100% luck would find, given the amount of hashes sent to the pool.But the stat shows almost one block per day.
Can someone explain to me why the number of expected blocks does not match the hash rate? Currently with 45PHs, we expect less than one block a day but Kano's stat shows almost one block per day in November.
So with diff 100%, the luck is also 100%? If the diff is 200%, the luck then is 50%? Is it right?
So with diff 100%, the luck is also 100%? If the diff is 200%, the luck then is 50%? Is it right?
Luck, over time, is always 100%, assuming everything else is working properly.
That means some times luck will be good, and sometimes it will be bad.
Right now, so far this month, it's been good. Better than average.
The last few months have been bad. Below average.
M
Hash rate changes.
Luck changes.
Diff changes.
November 08, 2017, 03:31:31 PM
You got it right, Diesel. More inputs=more fee.
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