KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 922.

oawan

member

Activity: 67

Merit: 10

Quote from: Minor Miner on June 15, 2017, 11:01:51 AM

Quote from: kano on June 15, 2017, 03:20:40 AM

Quote from: rwubbels on June 15, 2017, 02:58:57 AM

...
I got into Bitcoin from an ideological point of view, get rid of the banks... but now we miners like the high TX fee's.
But the TX fee's can't stay this high, otherwise BTC is not usable for making payments anymore.

I wonder about that.
When I stayed in LA last week it cost me $703.00 on MC - then tx fees were another $21.09 on top ... ... ... ...

Are the TX fees high in reality or just "more than free"? If you look at all the coin transferred on a block and then take the 2BTC of TX fees for the block, what is the average percentage?

This was probably a foreign transaction fee charged by Kano's bank. Keep in mind MC also charged the hotel ~$15-20 in fees.

But me personally, I love credit cards. It's negative fees (I earn miles/points) with every purchase and the merchant pays the fees.

The way I see it there is a niche market for bitcoin payment processing, and the current fees are not excessive for this market. They can be excessive for people consolidating small balances or sending small payments, but realistically bitcoin is not ever going to catch on as something people use to buy lunch. Credit/debit cards will always be faster/easier for that purpose.

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

And another block by jimmy. On fire!! Shocked

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Well, we could dump BTC/USD back to under $360, and then a tx would be under 5¢ again. Roll Eyes

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: kano on June 15, 2017, 03:20:40 AM

Quote from: rwubbels on June 15, 2017, 02:58:57 AM

...
I got into Bitcoin from an ideological point of view, get rid of the banks... but now we miners like the high TX fee's.
But the TX fee's can't stay this high, otherwise BTC is not usable for making payments anymore.

I wonder about that.
When I stayed in LA last week it cost me $703.00 on MC - then tx fees were another $21.09 on top ... ... ... ...

Are the TX fees high in reality or just "more than free"? If you look at all the coin transferred on a block and then take the 2BTC of TX fees for the block, what is the average percentage?

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: philipma1957 on June 15, 2017, 08:37:59 AM

...they make a fortune with the s-7 on hashnest...

Hashnest, and cloud-mining in general, now there's an idea to take advantage of the FOMO crowd if I've ever seen one. Angry

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

Quote from: bit2255 on June 15, 2017, 06:44:07 AM

Block!!!!

With 2 payouts

Wow, first block of Block Thursday^tm and there's no Carl jumping on it?? Cheesy

Cheers to jimmy for cracking that 200%+ diff block! June's stats still jamming!! Cool

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: Apprentice on June 15, 2017, 04:20:32 AM

Out of curiosity.

The S9 has been on the market for sometime now. I am wondering it is the limitation of hashing hardware/power or it is possible to got higher than 13.5TH but not releasing it for some reasons...

yes the limit is imposed for psu size.

no more complex then that.

and since it is far more efficient then any other miner they are going with it.

Finally they make a fortune with the s-7 on hashnest so they will do status quo until someone else brings out a 20th 1200 watt unit.

their s-7 division is a solid money maker for them

bit2255

member

Activity: 125

Merit: 10

Block!!!!

With 2 payouts

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: Biffa on June 15, 2017, 04:44:32 AM

...I would think if they wanted to make a 20TH version they could just make a bigger chassis with more boards in it.

And quintuple the amount of people complaining that they can't keep it quiet in their 105°F garage. Roll Eyes

Biffa

legendary

Activity: 3234

Merit: 1221

Quote from: Apprentice on June 15, 2017, 04:20:32 AM

Out of curiosity.

The S9 has been on the market for sometime now. I am wondering it is the limitation of hashing hardware/power or it is possible to got higher than 13.5TH but not releasing it for some reasons...

There is a thread for that

But there was a 14TH version, so it just comes down to binned chips that can run at the speed and power required.

I would think if they wanted to make a 20TH version they could just make a bigger chassis with more boards in it.

Apprentice

full member

Activity: 500

Merit: 105

Out of curiosity.

The S9 has been on the market for sometime now. I am wondering it is the limitation of hashing hardware/power or it is possible to got higher than 13.5TH but not releasing it for some reasons...

Apprentice

full member

Activity: 500

Merit: 105

Well the point is, i see these miners go on ebay.de around 550 to 650 euro's. Lets say i would get 1100 euro's, at the current rate (sigh) that's is 0,5 BTC.
With the exponentially growing Diff I've seen my profits go from 0,28 to 0,12 BTC/month in the last half year. So, what i'm wondering is that if I mine for half a year,
what would those miners still be worth? I'm guessing that in another 6 months I might scrape 0,5BTC with 2 S7's but by then the diff will have risen so much that monthly it's 0,05BTC for 9TH..
I can only use about 3000watt so more miners is not an option.
Furthermore, the whole BitMain HardFork, scaling debate and all is not healty for Bitcoin.
I got into Bitcoin from an ideological point of view, get rid of the banks... but now we miners like the high TX fee's.
But the TX fee's can't stay this high, otherwise BTC is not usable for making payments anymore.
[/quote]

I agree that the pools are somehow like banks now.

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: rwubbels on June 15, 2017, 02:58:57 AM

...
I got into Bitcoin from an ideological point of view, get rid of the banks... but now we miners like the high TX fee's.
But the TX fee's can't stay this high, otherwise BTC is not usable for making payments anymore.

I wonder about that.
When I stayed in LA last week it cost me $703.00 on MC - then tx fees were another $21.09 on top ... ... ... ...

rwubbels

newbie

Activity: 29

Merit: 0

Quote from: firetreeactual on June 14, 2017, 12:55:44 PM

Quote from: bronder on June 14, 2017, 12:42:57 PM

If your electricity is free, why stop mining? you already paid for the S7's. I have S5,S4 and S7 mining and still get some btc, not a lot but with "almost free electricity" it's hard to find a reason not to power them up.
Besides there are other ways to make money with your S7s. Selling them is but one option. msg me privately if you want more ideas.

I'm not quite understanding, either...I've got three S7s in Labrador that are profitable, and I'm paying hosting. I've got another two machines at home, Avalons, where the juice is free.

Quote from: NomadGroup on June 14, 2017, 03:16:06 PM

If your electricity is almost free I would recommend you getting a credit from a bank ( if you don't have the funds) and bumping it up to at least 100th and start making some money here at Kano!!! Grin

Quote from: bronder on June 14, 2017, 12:42:57 PM

If your electricity is free, why stop mining? you already paid for the S7's. I have S5,S4 and S7 mining and still get some btc, not a lot but with "almost free electricity" it's hard to find a reason not to power them up.
Besides there are other ways to make money with your S7s. Selling them is but one option. msg me privately if you want more ideas.

Well the point is, i see these miners go on ebay.de around 550 to 650 euro's. Lets say i would get 1100 euro's, at the current rate (sigh) that's is 0,5 BTC.
With the exponentially growing Diff I've seen my profits go from 0,28 to 0,12 BTC/month in the last half year. So, what i'm wondering is that if I mine for half a year,
what would those miners still be worth? I'm guessing that in another 6 months I might scrape 0,5BTC with 2 S7's but by then the diff will have risen so much that monthly it's 0,05BTC for 9TH..
I can only use about 3000watt so more miners is not an option.
Furthermore, the whole BitMain HardFork, scaling debate and all is not healty for Bitcoin.
I got into Bitcoin from an ideological point of view, get rid of the banks... but now we miners like the high TX fee's.
But the TX fee's can't stay this high, otherwise BTC is not usable for making payments anymore.

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: overcon on June 14, 2017, 09:50:00 PM

Why so many orphaned blocks all of a sudden?

Read the previous 2 pages ...
'2' is so many?
The previous was last December.

PPOC

hero member

Activity: 575

Merit: 500

Quote from: DarkStar_ on June 14, 2017, 08:21:15 PM

Quote from: PPOC on June 14, 2017, 08:14:54 PM

Related kinda to this pool, I sent a mining reward consolidation transaction manually to a different wallet and obviously calculated the fee to low. Its been unconfirmed for about 5 days now. When will it drop from the men pool and get returned or any other way to get it confirmed?

PS. Paid 0.00010039 per/kb

ID: e9b0fbc32d32f160fc7b746d929c8519d14ab9393aed3dd03ec422d15d59e408

Thanks,

I've pushed the transaction to another pool's transaction "accelerator", you should see a confirmation within the next few hours.

If that doesn't work, your transaction is Opt In RBF, so you can replace the fee with a greater fee if needed and try to get a confirmation that way.

Done, that worked! Confirmed! Thanks. Be nice if Kano had an accelerator for all the loyal miners where .0001/kb could still be feasible.

Thanks again

overcon

sr. member

Activity: 393

Merit: 250

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

Why so many orphaned blocks all of a sudden?

PPOC

hero member

Activity: 575

Merit: 500

Quote from: DarkStar_ on June 14, 2017, 08:21:15 PM

Quote from: PPOC on June 14, 2017, 08:14:54 PM

Related kinda to this pool, I sent a mining reward consolidation transaction manually to a different wallet and obviously calculated the fee to low. Its been unconfirmed for about 5 days now. When will it drop from the men pool and get returned or any other way to get it confirmed?

PS. Paid 0.00010039 per/kb

ID: e9b0fbc32d32f160fc7b746d929c8519d14ab9393aed3dd03ec422d15d59e408

Thanks,

I've pushed the transaction to another pool's transaction accelerator, you should see a confirmation within the next few hours.

If that doesn't work, your transaction is Opt In RBF, so you can replace the fee with a greater fee if needed and try to get a confirmation that way.

Excellent, thank you. I actually tried to replace using electrum wallet increase fee option but failed the few times with "Cannot bump fee: cound not find suitable outputs"

DarkStar_

legendary

Activity: 2772

Merit: 3284

Quote from: PPOC on June 14, 2017, 08:14:54 PM

Related kinda to this pool, I sent a mining reward consolidation transaction manually to a different wallet and obviously calculated the fee to low. Its been unconfirmed for about 5 days now. When will it drop from the men pool and get returned or any other way to get it confirmed?

PS. Paid 0.00010039 per/kb

ID: e9b0fbc32d32f160fc7b746d929c8519d14ab9393aed3dd03ec422d15d59e408

Thanks,

I've pushed the transaction to another pool's transaction "accelerator", you should see a confirmation within the next few hours.

If that doesn't work, your transaction is Opt In RBF, so you can replace the fee with a greater fee if needed and try to get a confirmation that way.

PPOC

hero member

Activity: 575

Merit: 500

Related kinda to this pool, I sent a mining reward consolidation transaction manually to a different wallet and obviously calculated the fee to low. Its been unconfirmed for about 5 days now. When will it drop from the men pool and get returned or any other way to get it confirmed?

PS. Paid 0.00010039 per/kb

ID: e9b0fbc32d32f160fc7b746d929c8519d14ab9393aed3dd03ec422d15d59e408

Thanks,

Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 922. (Read 5352420 times)