A7v2
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 930. (Read 5352429 times)
June 08, 2017, 06:48:38 AM
Block! by cobramining
A7v2
A7v2
June 08, 2017, 05:54:52 AM
Block! by Sjp04001! with 126Th! Second block to Acclaim Board. Second Block Today 
Fee 4.38
Fee 4.38
June 08, 2017, 05:33:25 AM
Quote
I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance?
The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack....
Why else would we go through all this drama
June 08, 2017, 05:25:59 AM
Block! by Blockmines! with 15Ph. 55 to Acclaim Board. First Block Today!
Fee 2.44
Fee 2.44
June 08, 2017, 02:33:50 AM
anybody else noticed that a very large chunk of their mining rewards are being eaten up by fees when we try to spend them?
I'm averaging loosing about half my rewards in fees each time I transfer out - at low recommended fees on Mycelium (200-250 sat/B)
Installed Jaxx - same problem
Installed Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
I've tried larger transactions - and small ones - end result is huge fees because of the large size (B) in each mining transaction.
Tried to use ViaBTC transaction accelerator - but its always full and not accepting any more transactions.
Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
I'm averaging loosing about half my rewards in fees each time I transfer out - at low recommended fees on Mycelium (200-250 sat/B)
Installed Jaxx - same problem
Installed Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
I've tried larger transactions - and small ones - end result is huge fees because of the large size (B) in each mining transaction.
Tried to use ViaBTC transaction accelerator - but its always full and not accepting any more transactions.
Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
The reason is because you pay fees based on the size of your transaction (in bits). The more inputs into your transaction, the more bits. Each block found here results in a separate payout. So consolidating for a month in which 80 blocks are found is going to have 80 inputs and one output. It's nice the payments are sent to us without fees, but it will take a huge fee to spend them.
Your best option at present time is to use the deposit address for an exchange or other trusted company that charges as low of a withdrawal fee as possible. Then withdraw your funds once a month.
June 08, 2017, 02:27:05 AM
Perhaps kano can start offering the priority transaction spots on the blocks we find. Would rather send him some the fee vs someone else.
This would actually be bad for the pool... since instead of the typical high-paying transactions the block would include low-paying consolidation transactions.
Although, Kano, would it be possible for members to make these consolidation transactions with 0 fee and have them added to the first-work blocks that only have 88kb of transactions in them anyway?
That way next time the pool finds a block immediately after another block where we normally only get ~12.7btc anyway we could at least throw in these consolidation transactions? Or perhaps that is not possible for some technical or performance reason.
June 08, 2017, 01:40:31 AM
Quote
I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance?
The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack.Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun'
and spent most of the time on EMC until they finally shut down, now currently up to 239THs here....
CRACK got you too?
i cant stop either
June 07, 2017, 08:40:33 PM
Quote
I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance?
The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack. Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun', now currently up to 239THs here....no you do about 50 transaction at a time say 11,000 bytes x 50 sats = .00550000 btc
then you go to viabtc.com and work it till it takes.
I do this 2x a month that is 0.0055 + 0.0055 = 0.0110 or pay 6x which = 0.0660
June 07, 2017, 08:29:16 PM
Quote
I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance?
The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack.Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun'
and spent most of the time on EMC until they finally shut down, now currently up to 239THs here.... June 07, 2017, 07:56:41 PM
You can use the transaction accelerators offered by other pools (won't name them here, feel free to PM me if you want the links) which will cause them to prioritize your transaction. They only require a fee of 10 Satoshis per byte, so if you don't need funds urgently, you can consolidate with a low fee every so often,"accelerate" your TX and keep most of your rewards.
Thanks DarkStar - I have PM'd you
Cheers - usukan
I need to get on doing this as well. I have 15 btc worth of small mining rewards sitting in a wallet I haven't consolidated ever.
Perhaps kano can start offering the priority transaction spots on the blocks we find. Would rather send him some the fee vs someone else.
June 07, 2017, 07:44:28 PM
You can use the transaction accelerators offered by other pools (won't name them here, feel free to PM me if you want the links) which will cause them to prioritize your transaction. They only require a fee of 10 Satoshis per byte, so if you don't need funds urgently, you can consolidate with a low fee every so often,"accelerate" your TX and keep most of your rewards.
Thanks DarkStar - I have PM'd you
Cheers - usukan
June 07, 2017, 07:38:10 PM
You can use the transaction accelerators offered by other pools (won't name them here, feel free to PM me if you want the links) which will cause them to prioritize your transaction. They only require a fee of 10 Satoshis per byte, so if you don't need funds urgently, you can consolidate with a low fee every so often,"accelerate" your TX and keep most of your rewards.
June 07, 2017, 07:33:41 PM
anybody else noticed that a very large chunk of their mining rewards are being eaten up by fees when we try to spend them...at low recommended fees on Mycelium (200-250 sat/B)...Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
...Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
At the current averages, 201-240 sat/B is getting picked up in 1-16 blocks (we're getting to the point where it takes 400+ for "fast" transactions). Higher fees is the reason we're getting higher rewards. It's just all part and parcel of the whole mining gig. If fees go back down, so do our rewards....Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
The point is that mining rewards are very heavy (B) and draw proportionally very high fees. No problems sending normal transcations for 200-400 sat/B because its still a reasonable fee.
My main point is that loosing 50% of my rewards on fees is not acceptable. I'm certainly not getting double "rewards" as you tend to suggest.
I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance?
What do you do? - what fee target do you spend your mining rewards with (200-250-300 etc sat/B)? What % do you "lose" to fees? Are you OK with that or would you like to improve it?
June 07, 2017, 07:18:00 PM
anybody else noticed that a very large chunk of their mining rewards are being eaten up by fees when we try to spend them...at low recommended fees on Mycelium (200-250 sat/B)...Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
...Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
At the current averages, 201-240 sat/B is getting picked up in 1-16 blocks (we're getting to the point where it takes 400+ for "fast" transactions). Higher fees is the reason we're getting higher rewards. It's just all part and parcel of the whole mining gig. If fees go back down, so do our rewards. ...Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
June 07, 2017, 06:46:12 PM
anybody else noticed that a very large chunk of their mining rewards are being eaten up by fees when we try to spend them?
I'm averaging loosing about half my rewards in fees each time I transfer out - at low recommended fees on Mycelium (200-250 sat/B)
Installed Jaxx - same problem
Installed Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
I've tried larger transactions - and small ones - end result is huge fees because of the large size (B) in each mining transaction.
Tried to use ViaBTC transaction accelerator - but its always full and not accepting any more transactions.
Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
I'm averaging loosing about half my rewards in fees each time I transfer out - at low recommended fees on Mycelium (200-250 sat/B)
Installed Jaxx - same problem
Installed Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
I've tried larger transactions - and small ones - end result is huge fees because of the large size (B) in each mining transaction.
Tried to use ViaBTC transaction accelerator - but its always full and not accepting any more transactions.
Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
June 07, 2017, 01:11:54 PM
Block by mits9 with 114TH/s! Welcome to the Acclaim Board with your 1st Kano block!
S9v2On the new node in Silicon Valley
Nice timing, the server's been mining for less than an hour
new pivot in "Silicon Valley":
Gilfoyle decides to mine bitcoin in the "server" room.
Dinesh finds out, rats Gilfoyle to Jared, who reports to Richard, of course, but Richard is unconcerned, apart from Core dev using spaces vs tabs (or vice versa)
In the end, Richard finds out that he could connect his mesh to btc mining machines instead of cellphones, but Big Head accidentally sits on a cup of coffee, spilling it over Richard's laptop with the the new code (unsaved).
EDIT: to those who did not see "Silicon Valley", all above would sound as gibberish.
Silicon Valley fan fiction, I'm down with that!
finally, a SV fan! i thought i would never find one here
June 07, 2017, 01:07:05 PM
Hi Kano, too lazy to look thru 1300+ pages, but does the blockfinder get a bonus?
No.All it does is increase variance.
Thanks!!
June 07, 2017, 12:57:11 PM
Hi Kano, too lazy to look thru 1300+ pages, but does the blockfinder get a bonus?
No.All it does is increase variance.
June 07, 2017, 12:42:31 PM
Hi Kano, too lazy to look thru 1300+ pages, but does the blockfinder get a bonus?
June 07, 2017, 12:24:59 PM
I'm looking to buy bitcoin (sold an old miner) thru something easy to use in my country like localbitcoin. However the rates there for buying are not good using paypal, they are better with other methods but it's hard to get my USD to those other methods.
Any advice? where to post this? or what exchange to use? send me direct messages if you with so we don't mess up this forum with non kanopool stuff.
Sent you a PM. Any advice? where to post this? or what exchange to use? send me direct messages if you with so we don't mess up this forum with non kanopool stuff.
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