Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 788. (Read 5352322 times)

Block by Flippout with 102TH/s!  Welcome to the Acclaim Board with your 1st Kano block! 

This is our 2nd of BLOCK SUNDAY!

I have used shapeshift a couple of times, though can take a few hours if your unlucky.
The first time I used them the transaction was almost instant, this last time it took
a couple of hours

I wont vouch for them, but they have worked for me

The problem I have is finding hosting, I would love to buy a
few more, but have nowhere economical to run them 

Block by Blockmines!

I use Ledger Wallet and breadwallet. I try to keep my btc off the exchanges as much as possible and follow the mantra "not your private keys, not your bitcoin".

Hey guys, can anyone recommend me a good place to buy a bunch of BCH coins so that I can buy some more miners?  Because bitmain only have been accepting the BCH as the payment method lately! 

OK, it's that time again!

I think your N-Average is still growing as you haven't reached 5N yet.  Eventually your N-Average will reach your mining speed, which I think is around 14TH/s for an S9?  I think it depends on which batch you have.

M

This was so helpful, thanks a lot - really appreciate it!  

Quick question: how is the "5N" calculation worked out? and can you give me an example?

For instance, my N-Avergae is 4.14TH/s -- what does this mean? is this standard for an s9 miner?

Yeah BTC.TOP moved their 1.4EH to BCH for a couple of days.
That's what caused it and also part of what caused the fee increase.
The other cause of the fee increase was the price rise, though one might say the price rise was caused by the hash rate drop

I have a trezor .
I have blockchain.info
I have coinbase
I have three exchanges
Lastly I have a core wallet with multiple cloned  hdds.

More then 65 percent sits in the core wallet,

Same here.
Where do you split your 50/50 of your hashrate ?

Hey guys, little off-topic here but I was wondering what wallets are you guys using? Are you using hardware wallets? A combination of different types?

Would love to hear your input! 

Hello and welcome! 

PPLNS stands for Pay Per Last Number of Shares.  The best way to describe it is your pay per block "ramps up" from the time you start mining, and "ramps down" when you stop (for whatever reason - power outage, moving, leaving, whatever).  It takes about 3 days to fully ramp up when you mine full time.

What that means is we find a block before your 3 days are up (5N as it's termed), you will receive a fraction of what would be your "full payout" if you were fully "ramped up".  It also means if you are offline after you reach your full 5N, and we find a block, you still receive a fraction of that "full payout".

At current difficulty and BTC price, an S9 @ 14TH/s will earn about $566 for 30 days after the 0.9% pool fee.  You have to subtract out your taxes and electricity costs.  Note that difficulty is slated to increase by ~6% in about 12 hours, so that value will go down.  If BTC price increases, then that value will go up.

This pool seems to be one of the only pools, if not the only pool, that shares transaction fees of the block among the miners.  Furthermore, the pool op, Kano, seems to have a pretty good system built where blocks seem to pick up higher than average transaction fees.  The last block found here was worth 15.03BTC.  Since a block is only 12.5 BTC, that means another 2.53 BTC in transaction fees was included, and that's divvied up among the miners proportionately based on their 5N hashrate.

Lastly, this pool is "small", so variance can suck at times.  On average, the pool will get 100% luck on block finding.  Since it's a small pool, that means there will be times when luck really sucks.  Long term, however, you will come out ahead of other pools, because of above point about transaction fees.  Don't be discouraged by dry block spells.  Instead, recruit others to mine here to decrease variance!

Kano has all sorts of graphs and numbers on the pool page.  Check them out.  They will eventually make sense, once you grasp the above mentioned info.

M

I feel your pains. July and August on this pool were well above average, but by mid September things really slowed down. I moved 1/2 of my power back to the pool I came from to keep my profits up. I really think this pool is the way mining should be, but if luck is not on your side it makes you wonder.

Hi there guys, super excited to be here - just joined the pool (got my miner on Thursday)

Just wanted to find out, I know the pool works off a PPLNS Payment system.

Could someone please take the time to break this down and actually explain how it works and what total payments I could expect for a month? (Currently mining with one S9)
Just curious on how it works, what the profitability is like etcetera

Sorry for being a noob.

Thanks

The good news is the difficulty increase coming in ~14 hours keeps decreasing.  Was 8%, now it's closer to 6%.

M

24/7 (unless heavy thunder/rain storms are over my house.) My 5Nd starts becoming sad if I'm off line for many hours. And that shows in the payouts.

COMEONBLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!! 

LET'S DO IT!!! 

Mine run 24/7. It's the only way to go, unless you have differing power rates by time of day.

Does everyone leave their miners on 24/7 or do you turn them off during the evening? I'm running 1 s9 and a L3+,  just curious what others are doing.

Two weeks is not enough. A month, maybe. Even then variance is a factor.

There are a core of us that have been mining quite a long time, on a number of pools as well as solo, and that core is here because we've found by experience and hard data that we make more here on a steady basis than elsewhere...and we can actually see for ourselves what is happening, with an operator who is transparent.

If you can find better than that, go for it.