Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 819. (Read 5352367 times)

Maybe some CK solos will get impatient waiting for a block now and jump in the pool with us?   

Looks like luckyant is failing over again and our hashrate is climbing. Hope he finds a block while he is here!

That's funny.

What's not funny is the domestic reseller just raised the price on the 741s by $100.  Despite still being out of stock.

M

When I got my A741 it took about a month. They were very slow in getting back to me about providing a bitcoin payment address.
I even used google translate to send them a message in simplified Chinese to get their attention.
I think it amused them. I got more messages from them after trying that stunt.

ViaBTC reverse their half hashrate to BCC instead BTC.

So difficulity will be changed soon right ?

I like BIG Blocks!

We need more blocks and I can not lie
You other brothers can't deny
Those other pools they will lie
That when a block comes in, you all jump right in
'Cause you notice that block was stuffed
With all those extra fees

Ah well, MORE BLOCKS! :p

Nice!  This is our 2nd of BLOCK TUESDAY!

Yes.  The reseller is constantly sold out too.

20 days later I still haven't been able to pay for my orders at Canaan.

Quite the deal they have going on here. 

M

Block finding is purely random - you don't build up to finding a block.

It's random in exactly the same way as rolling an un-weighted dice is random
(though the block hash is pseudo-random coz it's a mathematical calculation with enough complexity to consider it random)

You double sha256-hash an 80 bytes value, check it's pseudo-random result and see if it's less than a value calculation of the network difficulty.
If it is, then it's a block.
So yep there is absolutely no history effect on finding blocks, and you can NEVER say when the next block will be found by any pool or even the whole network.

The block length distribution is a poisson distribution.
https://en.wikipedia.org/wiki/Poisson_distribution
Meaning you expect them to average at 100% difficulty, but the length between blocks can be 1 hash or infinite hashes (never)

The CDF table also explains that - it's not just for the pool, it's for all of Bitcoin.
So using that table also for all Bitcoin network blocks, and assuming blocks are expected to average 10 minutes in length,
you can see that since 10 minutes would mean 144 blocks a day, then it would average, over time, a 50 minute block about every day -
this comes from "500.000% 1 in 148.4" i.e. "500%" of 10 minutes = 50 minutes, and "1 in 148.4" is a little over a day's expected number of blocks: 144.
(144 = 6 per hour times 24)

The most important part to understand is that it's an expected average, nothing more.
So when we say the network blocks should average once every 10 minutes, it doesn't mean they will be every 10 minutes.
Some will be a few seconds, some 50 minutes, some half an hour, some 1 minute etc etc etc
But the long term average of all those is expected to be 10 minutes.

Lastly, most if not all Difficulty graphs are interpreted incorrectly by most people who view them.
You cannot give an accurate estimate of the network hash rate from the graph.
Yep, you can't.
Why? Coz the time used to estimate/update the network difficulty is 2016 blocks, and even that is not very accurate.
The network hash rate changes every minute, every hour, every day, but a day's worth of block data is far from accurate enough to estimate the network hash rate.
As I implied, even ~14 days worth of data (2016 blocks) isn't very accurate, but it's necessary to be used to reduce the effect of a large hash rate drop.

Block! by moecarrimNEW
(13.9BTC)

I was watching the block get put together I guess on https://tradeblock.com/bitcoin/ the lat one was like 56 minutes and then it released it or whatever it does and then you see each mining pool start to get the blocks average 5-6 blocks found for that hour of collecting transactions.

Is that how it always worked or was it one block every 10 minutes? I guess either way it works out to a block every 10 minutes if they collect data for an hour and release 6 blocks huh.

If that's how it works collecting and the releasing a group of blocks you could just shut everything off on the pool and then 10 minutes before the blocks come out open them up again and shut down after the blocks have been found?

Kano just needs to make a script that can interface with the miners to remotely shut them off and start them  

I'm just talking like a man with a paper ass, I know think you can find a block in between that time but it looks like the majority of blocks lately have come in groups.

Just sayin

I see canaan is getting organized with an authorized reseller. I am guessing they are buying the pallets and then selling singles.
Go to canaan's home page for the straight news and links.
Not going to put links in here as too many folks put up links that are scams, better you go to canaan's website your self and follow the info there.

Looks like someone overdid it on the difficulty increase. I see a 35 minute and counting block time.
I am guessing automatic calculators are picking what coin to mine based on difficulty and bitcoin just set itself to lose a bit of hash rate.
This could cause a sea saw effect when the diff drops , then rises, and drops and rises ......
Hang onto your seats for the roller coaster ride!

Right on! Mine on!.

The flip side are things you should watch or do daily.
1) Your miners health, keep a miner stats page up and refresh it to confirm you are maintaining health of all miners.
2) The availability of miners and power supplies to buy.
3) Backup your bitcoin Core wallet daily.

And  our diff is dropping  as I type.

the gray line  is way down.  due to pressure from  BCC/BCH

Get used to big swings until BCC/BCH  fades away.

Block by cobramining!

This is our 1st of BLOCK TUESDAY!

A nice 14+ block and a payout!

our 1,103 diff is a 7,898 ph  hash rate

we would drop  to   about 1000 diff if we stay at 7000ph. hash rate




All of this is due to the BTC   vs BCC/BCH   issue  and of course the Chinese Gov flexing their muscle.

wow 7000 ph is a big drop lets hope for it to stay at 7ph

I guess I  don't see the problem besides the pools are dead on 2 and 3 which you should add another of one of kano's nodes.

As for the Proxy just uses the imagine link instead of the image like the URL we will have to click on the image but at least we can see it. And yea you can buy a board and replace it your self. It is really easy. If that is the issue.