Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 76. (Read 5352140 times)

Some of us still here, most banter is on the discord channel now rather than in here

A certain mining source didn't like the variance

Why, exactly, did we lose 80% of the hashing rate here all of a sudden?
Anything of notice apart from luck?
Are the old-timers still here or mostly left already?

Ok I’ll check it out, thanks! 

Sounds great. you should join the discord group.
https://discordapp.com/invite/yMnjF35

I think it will take a while for difficulty to rise unless the price rises very dramatically - which I don't expect it to at this point. Large professional miners have been struggling for a while and many have been hanging on hoping for a turnaround because of the already sunk costs - (server space rented, power contracts, etc.). Once someone closes an operation like that because they ran out of money, they do not run out and start it up again immediately because it now would be mildly profitable again.

This whole route is good news for those of us who heat our house with obsolete S7s and S5s - recently upgraded one of my machines to a T9+ for about $80. Maybe if this continues I can pick up some s9s. The winter heating season is just starting.....

Well let’s hope that the diff will drop by a lot soon and the price will go up slowly but surely then!   . Any positive movement in the BTC industry that would help to pay my electric bill works for me!   

I just finished building a new little farm my friend, which should put out around 1PH-1.2PH.  I’ve installed a 167kva transformer and had to do a bunch of work to get everything ready to start.  And just as I was done this happened to BTC!  .  So I got like 30 miners currently running just to see how much they make and how much will they charge me for the electricity, I should get at around 6 cents per kilowatt.  I’m just afraid to hook it all up and then have to pay a bunch of money out of my pocket for the electricity! Lol  . So I have to do a test run first!

If I the miners will be able to pay the electric bill then I might be back here soon.

@NomadGroup when are you coming back? Now would be a good time.

Unfortunately that window only lasts about 2016 Blocks. As soon as the price rises the Diff will follow. If it's slow enough it'll buy us some more time with a lower Diff maybe 2 or 3 retarget periods, but last year is a good example of how fast Diff can rise if the price increases quickly. Only this time there won't be a bottleneck on hardware, there is an ample supply just waiting to be purchased or turned back on.

In the meantime I'll happily sit here partially heating the house with some 741's, collecting some lower Diff coins for a better tomorrow.

Would have been nice to snag one last block before we lost a bunch of Hashpower but I'm looking forward to their 5ND running out.

Let’s just hope for the best!  That the BTC will go up and the difficulty go down! 

That seems to be a pretty fair assessment. I can only speak for myself, which puts me in the mine-at-less-than-break-even-and-wish-upon-a-star category.

For this pool, I would say that anyone that has more than  around 500TH can be considered a big miner at this moment, so if you go to stats page that’s around top 15 miners.  If they quit, that is where the pool will be at is approximately 20 something PH. 

But the miners that pay more than 5-6 cents per kilowatt can start quitting (although I’m not even sure that if you pay 6 cents at this moment, the hardware can pay off what it uses), having even smaller amount of TH, let’s say starting 50TH.  Just because probably most people simply can’t pay to get BTC and have to pay for getting it on top of that, it would be easier and cheaper to just buy the BTC, without the worries about the luck.

Miners are used to mine BTC and get a profit on top of that minus out the electricity bill.

So if things don’t change soon, the only ones that will be mining are guys that have lots of money to just throw away for electricity (and hope that BTC will cost a million dollars in the future) or the guys that simply don’t pay their electric bill and know a way to steal the electricity.  Or the Chinese that produce the hardware and pay little to power up their machines, may also be able to stay afloat.

Hopefully the difficulty will drop by a lot soon!  If I remember correctly it should go down about 10% in a few days or so.  And I’m not even sure if that will help to stay afloat, for the most.

Sorry, we're currently at "7days 2hr 40min 9sec" (46.51PH/s).

Not sure what your definition of "big miners" is, but for us to only get a couple a month, we'd have to be at 22PH/s to get a block every "15days 0hr 48min 36sec" according to the http://tradebtc.net/bitcalc.php BTC calculator.

Preferably we get more than one per diff change, but as they say, "whatayagonnado?"

No, thanks! I'm liking the prospect of big weekly rewards. Saves transaction fees when consolidating payouts and keeps me from refreshing the webpage all day to see if we got another.

Weekly with bursts of triplets is just fine with me!

MINE ON!!!
[/quote]

Weekly?  Lol    you’ll be lucky to get couple a month if all big miners leave, if that.

No, thanks! I'm liking the prospect of big weekly rewards. Saves transaction fees when consolidating payouts and keeps me from refreshing the webpage all day to see if we got another.

Weekly with bursts of triplets is just fine with me!

MINE ON!!!

The difficulty soon will drop to what it was in like June and hopefully the big miners will be able to come back into the business. 

Guys i have like 75 $50 coupons if anyone is interested pm me, just got an email from Bitmain I think they expire tonight.

Last chance on the bitmain coupons.

Oh, man, I'm gonna revel in the next nice, long, lime green streak!!!
[/quote]
And as the 5nd drops day by day, our reward per block just keeps going up.  we are going to be rolling in the rewards when our luck turns green!  I too will be here to collect like the other die hard Kano fans!
[/quote]

COUNT ME IN ON THAT AS WELL!

MINE ON KANO!

PS>> I don't even check my earnings that much anymore...I am in long term and as long as my miners are running and mining on Kano I know I am good.  HODL !!