Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 784. (Read 5352322 times)

Electrum is secure. It just is only a wallet.
You cannot, as yet, build up your mining rewards in your Kano.is user account. I send my mining rewards to one btc address, when they get to be 10-15 rewards I send them to a second address. I let those build up to about 1 btc or so, and then I send them to a different address or to coinbase or cex.io to sell.

The amount of the fees needed to ensure a speedy tx does not change.
Not talking about the mining rewards collecting on Kano itself to be paid out later, they are talking about letting many reward payments collect in a wallet before moving them en-mass to be consolidated into another one. eg I sweep my reward payment wallet into a holding wallet once a month.

People ... smaller posts please ... rather than a page full of long posts of the same thing over and over and over and over

ok, so bitcoin core is the way to go because it is the most secure? - does it have lower fees too?
So, how do you go about building your mining rewards up to about 10-15 on your profile before consolidating one larger payment to your wallet address?

First rule, if you don't control you private keys then someone else has control of your coins. Online wallets can and have been hacked.
If you can't use bitcoin core, because of the space requirements then try Electrum.

Second, when consolidating many small amounts in 1 larger one then you will pay fees. No way around it. But if you pick a time when the network is slower and the mempool is small, you can get you consolidation through for less. I try to not let my smaller amounts build up to more than 10 or 15 mining rewards before consolidating. You can check the current recommended transactions fee per byte here https://bitcoinfees.21.co/

For example, if you received 20 $1 deposits into your wallet and then went to spend $15, it would require 15 inputs of $1 each. Each input increases the data requirements of your transaction and therefore the fees required to spend the funds. If you received 2 $10 deposits into your wallet instead, it would only require 2 inputs to spend your funds and would therefore be much cheaper.
Note that due to the rising costs of bitcoin mining fees, it may cost more to include an input than the value of the input itself. For example, if you received a $0.10 deposit into your wallet, but it costs $0.25 to include that deposit in an outgoing spend, then the $0.10 deposit becomes un-spendable since it costs too much to include in an outgoing transaction.
Users experiencing large fees have usually received many small deposits into their wallet of usually less than a few US dollars worth. This is common with some mining pool payouts. We suggesting switching to a service that aggregates transactions into a single large transaction that encompasses a longer period of time.

How does the kano mining pool avoid this? because we get paid in small amounts more frequently? is there a wallet or a way of totalling up my rewards/payments in my kano profile and then just make one payment at the end of the month to my wallet instead of the small $ automatic payments happening? can this be done? what are the rest of you guys doing, as I'm sure you have all experienced this? unless it's just me  

I have been using this wallet for a few of my accounts of all sizes of constant payments over the years with no problems. 

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

Well ... it shouldn't hurt them that much.
It's 4 hours of no shares sent to the pool - that will be spread out over (reduced from) your rewards for the next 3 and a bit days, roughly equivalent to ... 4 hours of (no) mining.

OK - posts all deleted - in case anyone was wondering why.
Since this thread has the most posts and one of the top views on the forum, I prefer that link to not be in it anywhere.

Crap!  The stupid internet technicians were fixing my neighbors phone line and broke my fiber optic cable and just left!!!  I was off line for like 4 hours until they came back and fixed it.  That’s going to hurt my statistics! 

Only use Bitcoin Core.

SILLY??? It's tradition on the pool to celebrate any and all blocks!   Maybe that's why the Block Gods and Goddesses usually smile on us Kanoians!  (NO Offense intended, of course!  

MINE ON!!  

COMEONBLOCKSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!! (GREEN ONES!!!!)  

Edit: This great cool weather in the North Carolina mountains have allowed me to bump up my MHz on most of my miners. Running Cool!! Cant wait until the cold temps arrive in earnest!  

Reply just above yours ...
https://bitcointalksearch.org/topic/m.23074074

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

There is a thread in the hardware section that covers everything. My personal preference has been to order units from Amitylabs out of the US through there ebay store.

WOW!!!    It's nice to see these blocks rolling in lately 

Block by moecarrim with a big fat one at 14.5+!

This is our 3rd of BLOCK MONDAY!