Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 901. (Read 5352420 times)

0.14.2 on Ubuntu 16.04LTS. I guess it's a "normal" msg...but sure could be worded better.

I have it on my mac 0.14.2  core

are you running linux, mac or windows version of 0.14.2 core

Would it be super quick and easy to add pool N hashrate and user N hashrate to the api in addition to the 5m and 1h that are already there?

ETA: even if it's just a snapshot as of the time of the last pool block, doesn't need to be real-time during shifts

This just showed up on my Core...can anyone shed a light on just what it means? I've never seen it before.



EDIT: Didn't take long to find it's probably encountering a Segwit block? Consensus says no worries? Tru dat? It's a full node, BTW.

Block by cobramining!

This is our 2nd of BLOCK MONDAY!

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm
[/quote]

Thanks, that is basically my strategy as well.  I live in Maine so the electricity is actually cheap (compared to other parts of the country, not as cheap as WA though) and eventually we will get into cold weather which should help keep the miners happy.  I hope to expand the number of machines with proceeds from the S7, and the only reasonable S9 prices seem to be direct from Bitmain but then you're waiting 10-12 weeks for the next batch to come out.  I refuse to spend a $1000 premium just to order from someone on Ebay that is waiting themselves for a pre-ordered machine they don't even have in their hands yet!

We have a hosting company in ME that quoted me almost $450/mo for 2 miners.  I laughed.  I can continue to foot the home electric bill but the noise is more than I expected... the wife keeps asking me who left the vacuum running all day when we get home from work at night!

This is how I picture my "miner" at home working all day and night while I am at the office.  I too am trying to pad the nest for retirement!




[/quote]
I've been mining since "the beginning," when you could mine easily with a laptop...and a bunch of BTC would get you a beer at the local pub. All my machines have been paid for by previous earnings, plus I've been able to draw when needed in USD (truck repairs, etc.). My end game is the same as yours, however...long term security...except I'm already retired.

My own view, however, is that I'm staying with Avalon from now on. I've run S2, S3, S5, and S7 machines. They're OK. I never ordered an S9, but instead began using A6's...then moved to 721s and 741s. They seem to run cooler, a bit quieter (not a lot, though), and are less electron-hungry. I also like the separate controller aspect, which gives me a lot more flexibility and reliability (ie., if an RPi fails, you're looking at maybe $50 USD...rather than the BM route if a controller fries). The other aspect is my preference for Canaan's way of doing business, but that's another discussion, I guess.

FWIW...I run two 741s at home (that's all the amps I've got)...but I have a large bath, and put the rack in there next to the window, where the miners get a 20in box fan blowing on them (and the PSUs and line conditioners), and exhausting out the window. I close the pocket door to the bath almost all the way, and the noise is then tolerable through the flat...unless you're in the bathroom, of course... 

Mine on...

[/quote]

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm
[/quote]

Thanks, that is basically my strategy as well.  I live in Maine so the electricity is actually cheap (compared to other parts of the country, not as cheap as WA though) and eventually we will get into cold weather which should help keep the miners happy.  I hope to expand the number of machines with proceeds from the S7, and the only reasonable S9 prices seem to be direct from Bitmain but then you're waiting 10-12 weeks for the next batch to come out.  I refuse to spend a $1000 premium just to order from someone on Ebay that is waiting themselves for a pre-ordered machine they don't even have in their hands yet!

We have a hosting company in ME that quoted me almost $450/mo for 2 miners.  I laughed.  I can continue to foot the home electric bill but the noise is more than I expected... the wife keeps asking me who left the vacuum running all day when we get home from work at night!

This is how I picture my "miner" at home working all day and night while I am at the office.  I too am trying to pad the nest for retirement!

https://vignette2.wikia.nocookie.net/muppet/images/3/33/Doozers-observed.jpg/revision/latest?cb=20090606212323

Meark,

I started mining with a little dinky antminer U3  that cost about $25. Bitcoin was valued at $237 at that time. I ran the antminer off my main computer and I think I used bgminer software. I seem to recall using Elgius pool and several others to try out the concept. 

After I confirmed you really could get bitcoin dust out of such things I looked around and settled on bitmain's S7. The S7 and associated bitmain power supply cost me 2.133 bitcoin. The cost in dollars was $720 (1.649BTC) for the S7 , $140 (0.321 BTC) for the APW3 power supply, and .163 bitcoin for fedex. Bitmain only accepted bitcoin for purchases of antminers.  After that I used the bitcoin produced by the S7 to purchase a S7LN, then used the bitcoin produced by those to purchase a second then a third S7LN. The S9 was purchased by bitcoin produced by the 4 miners plus the rapid rise in bitcoin value. I then purchased 2 power supplies and waited until I had enough bitcoin to purchase a second S9. I do not run the S7s at this time due to it being summer and I am already paying heavily for keeping the house air conditioned. I may use them when it gets cold in the fall, but mainly to purchase more S9s. The goal is to supplement my retirement income so I can retire at 62 in 2018.  10 S9s would make a healthy income for a frugal family. Planning will need to be done if "Mr Fusion" is not available in the next year or two. 10 S9s would use 15000 watts of power, which at 220 volts is about 68.2 amps. That is doable with house wiring capable of 200 amp, which most are.

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm

I did a lot of research before buying a used S7 and getting into mining... Kano seemed to be the best pool for fees, I liked the "medium size" vs. joining a mega pool like Antpool... and quite frankly, this discussion board has been really helpful and interesting as I get further into the business.  Seems like a nice community that celebrates blocks, congratulates new block finders (no such luck for me yet!) and respectfully answers rookie questions (thanks Overcon, for the explanation last week)

Now I need to figure out where/how to do remote hosting and how to expand my mining fleet without paying a zillion dollars for equipment on Ebay. 

mine on!

Just a minor adjustment
The fee here is 0.9% and always has been and always will be.
It's not a low short term fee that will go up some time soon, it's 0.9%
... and I don't expect tips or donations either.

Yes, two reasons.
Kano shares the transaction fees received when a block is mined as well as the 12.5 bitcoins . This results in blocks with values between 12.5 to 16.5 bitcoins.
Secondly Kano charges a smaller fee, .9%, on the miners earnings.
All of the large pools keep the transaction fees. Slush and Kano, both medium sized pools, share the transaction fees with their miners. Some smaller pools share transaction fees, some don't.

The only pseudo drawback to Kano is that it sometimes goes a day or almost two without hitting a block. That can be discouraging if you are a newbie. Kano also splits the payouts so they are about 20% of value earned divvied up over 5 payments. This is done to smooth out payments even if the input of blocks is very irregular. It means you will receive smaller more numerous payouts untill you have been mining for about 4 or 5 days. After that ramp up time you will receive numerous full payouts. My current payout with two S9s is a bit over .005 per payout. What varies is the number of these payouts I see per day. If averages hold that would mean I will receive .013 bitcoin or better per day for 2 S9s.
I added the second S9 less than a month ago so I can not give you hard figures yet.

Kano pool requires a bit more patience due to the 20% payout system and its some what irregular block find timing. I would strongly recommend committing to Kano pool for no less than 2 weeks and then you will see for yourself how much more you are receiving compared to other pools.

edited to correct error in transaction fee value. dzimmerm

Block! by jimmy
14.4 BTC
and a payout

... and just a comment from me also

Here the pool is 'expected' to pay better than EVERY other pool.
Here it's: lower fees than any pool that doesn't have the 'too small' size issue of losing share value, and no PPS fees needed to reduce the risk of the pool going broke.

The only thing that affects that is the pool luck ... i.e. the word 'expected' above.

If luck is the 'expected' value (100%) then the pool reward is 'expected' to be above every other pool.
If luck it higher than 'expected' then you'll do even better.
If luck is lower then 'expected' then you'll do worse than the 'expected' ... which is usually still above the PPS pools (e.g. Antpool and F2Pool)

What you probably don't realise is that PPS pools e.g. Antpool and F2Pool, charge their miners ridiculous high fees.
F2Pool is currently between 9 times and 12 times our fee (PPS -3% or PPS 0%)
Antpool is currently 6 times our fee (PPS 106.04%)

Edit: and slush is more than twice our fee

Okay great thanks guys for the responses. So would you say kano pays better than pools like antpool, slushpool, and f2pool on average with just one S9?

Probably not in the near future.

The main reason would be that the roadmap seems to hit regular bumps and I end up changing when things happen.
I do have a (very) large TODO list that I'd hate to actually post anywhere online since I'd probably find people clamouring for some of the changes, when I really do almost randomly decide when to do things

Since I run everything and do everything for the pool, things get randomly prioritised.

The high priority things 'usually' don't change order, but as an example, this week working on /NYA/ was never in the TODO list until after the NYA meeting occurred.
Though, it was in the TODO list under a different name, due now, ... dealing with 'segshit'

... and just a reminder for anyone who's not sure about PPS vs the PPLNS we run
It's not what you will get every day - some days more, some days less, few days a lot more, and a few days none.
It's an average - as dzimmerm56 said - since luck is a factor in all PPLNS payouts, that causes variance.

But comparing PPS to PPLNS, you will always 'expect' to 'average' more with PPLNS, since PPS must include a higher fee to reduce the risk of the pool going broke due to bad luck.
Here, no such luck risk exists, since each payout is covered by the blocks found.

The best of both worlds, higher 'expected' rewards, and lower risk
The pool size here also guarantees that the vast majority of your shares are not rewarded late, weeks down the track, when difficulty has risen and the share value has dropped significantly.

I did a months check when I was running one S9 and the daily payout averaged to about .0065 bitcoin a day.
This will vary depending on luck, but probably not by much.
Whether it is worth it or not depends on your electricity costs and the value of bitcoin at the time.
For me it is a positive amount unless the value of bitcoin drops very very low.

dzimmerm

I just started running a S9 13.5THs on this pool. I'm getting around 0.00234418 BTC/block.

In June there were 72 blocks found so 72 * 0.00234418 = 0.16878096 BTC/month

Obviously mileage will vary, and I'm too new to give any smart insight - but hopefully this helps.

Cheers,

Ben

Is it worth running a S9 on this pool? What's the average daily payout?

Whohoo!  This is our 3rd of BLOCK SUNDAY!