KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 822.

Hannu

hero member

Activity: 1063

Merit: 502

RIP: S5, A faithful device long time

Quote from: citronick on September 16, 2017, 02:43:59 PM

Quote from: HagssFIN on September 16, 2017, 02:28:46 PM

Quote from: citronick on September 16, 2017, 10:55:02 AM

KANO - If CHINA bans mining (in China) - what is the immediate short term impact on transactions and reduced hash? Thanks

If this rumour for a real?

Is this the reason Bitmain is going to expand to the United States?

~~Its not a rumor.~~

All Bitcoin exchanges in China have been given the stop trading order as of yesterday, and ICO ban was also issued before that.

During this roller coaster ride BTC did test the $2900 support briefly but made a great rebound to current $3700.

I am just wondering if China authorities goes for the final blow ban mining in China too ... what will happen to current hash and overall state of blockchain processing if more than a third of mining goes offline.

Since Kano mentioned he will be in Bitkan event in HKG -- I think he will have first hand information on whats going on in China....

Oh no, is that really true. What happens chinese multipool(s)?! My littlebit of extra income Angry

ztianf

member

Activity: 62

Merit: 10

Quote from: clgrissom3 on September 17, 2017, 10:45:08 AM

A little CDF table of block expectation:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4 OR WHENEVER I ADD NEW GEAR
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

Felt a need to edit this table out of my own experience

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Quote from: wmabern on September 17, 2017, 10:56:04 AM

Quote from: clgrissom3 on September 17, 2017, 10:45:08 AM

A little CDF table of block expectation:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

Now why do you want to go and throw that damn mathematical logic out here? It only gives people an excuse for not complaining! Shocked

overcon

sr. member

Activity: 393

Merit: 250

911 IT Admin. I keep 911 up so you get help ASAP!

Common guys and gals, let's blow this block out of the water and pick up all the followup blocks! I despise these long blocks. Sigh.

CryptoAtticus

newbie

Activity: 8

Merit: 0

Quote from: clgrissom3 on September 17, 2017, 10:45:08 AM

A little CDF table of block expectation:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

Thank you for the information. Fortunately for us irrational humans, math doesn't lie.

wmabern

hero member

Activity: 658

Merit: 500

Visualize whirledps

Quote from: clgrissom3 on September 17, 2017, 10:45:08 AM

A little CDF table of block expectation:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

Now why do you want to go and throw that damn mathematical logic out here? It only gives people an excuse for not complaining! Shocked

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

A little CDF table of block expectation:

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

wmabern

hero member

Activity: 658

Merit: 500

Visualize whirledps

Quote from: CryptoAtticus on September 17, 2017, 10:34:10 AM

I'm guessing when we solve the next block, it will be considered unlucky Tongue

It will only be unlucky until the next block is found. Wink

wmabern

hero member

Activity: 658

Merit: 500

Visualize whirledps

This block we are working on is starting to get on my nerves. CRACK, damn YOU! Roll Eyes

CryptoAtticus

newbie

Activity: 8

Merit: 0

I'm guessing when we solve the next block, it will be considered unlucky Tongue

mdude77

legendary

Activity: 1540

Merit: 1001

Quote from: philipma1957 on September 17, 2017, 06:44:02 AM

My statement was crafted very carefully.
It is not rude at all if you read the full statement. Your statement does show the problem on internet blogs which is not enough people read the posts fully.
So if the person did not read the full statement that I took time to write very carefully they lose out on life. If they read it all they would see I tried to be helpful I took the time to helpful and used a tried and true technique of shock value to get their attention so they would learn something.

If I failed so be it at least I tried to help. Plus I did not use a dummy account to hide behind like you did.

Part of the problem is today's school system is intentionally designed to create non thinking individuals who experience challenges comprehending anything more than "show up at 8:30, and do what you're told".

It's not their fault.

M

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Quote from: os2sam on September 17, 2017, 08:16:15 AM

Quote from: kano on September 16, 2017, 06:25:04 PM

The Chinese Govt shut down ICOs and the morons at BitKan/Bitmain decided that affected Bitcoin also ... but ICOs have nothing to do with Bitcoin at all

I guess I'm out of the loop. What's and "ICO".

DEFINITION of 'Initial Coin Offering (ICO)' [EDIT: as defined by Investopedia]

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: os2sam on September 17, 2017, 08:16:15 AM

Quote from: kano on September 16, 2017, 06:25:04 PM

The Chinese Govt shut down ICOs and the morons at BitKan/Bitmain decided that affected Bitcoin also ... but ICOs have nothing to do with Bitcoin at all

I guess I'm out of the loop. What's and "ICO".

an ICO is :

Initial Coin Offering

BTC can no longer be an ICO

here is a list of current coins

https://coinmarketcap.com/

the list has 1111 coins on it.

most are total and complete ripoffs

some have virus designed to steal BTC from a BTC core wallet and tons of other BS.

it is why kano says they are all a scam

my position is most are a scam
and China has banned new ones opening in China

os2sam

legendary

Activity: 3586

Merit: 1099

Think for yourself

Quote from: kano on September 16, 2017, 06:25:04 PM

The Chinese Govt shut down ICOs and the morons at BitKan/Bitmain decided that affected Bitcoin also ... but ICOs have nothing to do with Bitcoin at all

I guess I'm out of the loop. What's and "ICO".

Apprentice

full member

Activity: 500

Merit: 105

....about that block!!!! COME ONE, YOU BETTER BE at least 16BTC

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: jseph1234 on September 17, 2017, 02:18:40 AM

Quote from: philipma1957 on September 16, 2017, 02:26:53 PM

please do not be insulted
I will explain to you real nasty you ... don't understand the correct explanation that was given to you.

WTF dude, that was a rude-ass statement! Do you REALLY think he listened to anything after you spoke to him like that?? Sheez! I know you don't talk to anyone that way in real life because you would get face _______

My statement was crafted very carefully.
It is not rude at all if you read the full statement. Your statement does show the problem on internet blogs which is not enough people read the posts fully.
So if the person did not read the full statement that I took time to write very carefully they lose out on life. If they read it all they would see I tried to be helpful I took the time to helpful and used a tried and true technique of shock value to get their attention so they would learn something.

If I failed so be it at least I tried to help. Plus I did not use a dummy account to hide behind like you did.

jseph1234

newbie

Activity: 5

Merit: 2

Quote from: philipma1957 on September 16, 2017, 02:26:53 PM

please do not be insulted
I will explain to you real nasty you are a moron and don't understand the correct explanation that was given to you.

WTF dude, that was a rude-ass statement! Do you REALLY think he listened to anything after you spoke to him like that?? Sheez! I know you don't talk to anyone that way in real life because you would get face _______

ConnerM

member

Activity: 61

Merit: 23

Quote from: kano on September 16, 2017, 01:50:22 AM

Yeah we seem to be getting more miners coming online now thanks to deliveries from Canaan; but also long awaited deliveries from Bitmain finally starting to show up after s number of months of delays there ... We've gone over 90PHs today, I wonder if we'll get to 100 soon

We just finished an electrical upgrade and we're bringing another 400THs online at the farm in Virginia in two or three weeks, so I'm hoping we can contribute right in around 1PHs to the pool by mid-October. I've been mining PPS+ for awhile in a couple of the big Chinese pools, and sometimes putting some capacity into Slush, but fees there are a little too high considering the luck. Phil is why I've finally come over here. The experiences he describes running his small farm are very similar to mine. And that the Chinese farms are just getting way too big anyway.

It's a long way from the (6) S5's I was running in my basement a couple of years ago.

DarKSm0ke

full member

Activity: 204

Merit: 101

Come on Guys! Let's crack this block and let the Green color shine again!

ConnerM

member

Activity: 61

Merit: 23

Quote from: citronick on September 16, 2017, 03:31:09 PM

That means if China bans mining - Bitmain will be likely affected.
That will be a huge hash reduction and blockchain should auto adjust difficulty levels down to maintain the 10 minute block intervals.

I think even if mining becomes a real legal or political problem in China, that gear would quickly be packed up and sold off or relocated outside the country. Any impact to difficulty would likely only last a matter of weeks if that.

Not that I would complain.

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