S9v2
16BTC
7 payouts
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 946. (Read 5352429 times)
May 29, 2017, 06:42:47 AM
Block! by recline
S9v2
16BTC
7 payouts
S9v2
16BTC
7 payouts
May 28, 2017, 11:07:05 PM
Today was a relatively good day to consolidate payments.
I did around 100 sat/byte and it confirmed in 4-6 hours (blockchain dot info was furiously protesting my low fee, threatening to NEVER confirm, LOL. You can even risk 60-90 sat/byte right now, apparently, but I am content with 100.
I did around 100 sat/byte and it confirmed in 4-6 hours (blockchain dot info was furiously protesting my low fee, threatening to NEVER confirm, LOL. You can even risk 60-90 sat/byte right now, apparently, but I am content with 100.
I've found they lag fees bigtime. I.E. when fees were going up they were suggesting way too low of fees and people were getting pissed. Now the reverse is happening. Good for miners though.
May 28, 2017, 10:36:57 PM
...So 13TH, what would you recommend on a metered 4G connection?
A real ISP. 
And a fiber optic one
Cheap electric and space, but, nothing is available.
4G is as good as it gets, and happy to at least have it as an option compared to dual dial up I was using...
And 13TH is just for example, is there a way to transmit less packets and thus save bandwidth by forcing a very high difficulty?
If so, what is good for 13TH?
May 28, 2017, 08:33:47 PM
Today was a relatively good day to consolidate payments.
I did around 100 sat/byte and it confirmed in 4-6 hours (blockchain dot info was furiously protesting my low fee, threatening to NEVER confirm, LOL. You can even risk 60-90 sat/byte right now, apparently, but I am content with 100.
I did around 100 sat/byte and it confirmed in 4-6 hours (blockchain dot info was furiously protesting my low fee, threatening to NEVER confirm, LOL. You can even risk 60-90 sat/byte right now, apparently, but I am content with 100.
May 28, 2017, 06:27:33 PM
And a fiber optic one
Well, we can't all have fiber, but if your internet connection has more issues and limitations than the guy who's ISP is "Hillbilly Wireless", then you have real issues. 
May 28, 2017, 05:52:45 PM
...So 13TH, what would you recommend on a metered 4G connection?
A real ISP. And a fiber optic one
May 28, 2017, 05:45:07 PM
...So 13TH, what would you recommend on a metered 4G connection?
A real ISP. May 28, 2017, 05:38:48 PM
On setting the worker difficulty manually, isn't it idea to have around 1 share every 3-5 seconds?
I am using a 4G Mobile Hotspot, and some how using a ton of bandwidth from mining, over 5GB in under a month.
Surely they aren't doing that much bandwidth usage?
I removed the manual super high difficulty setting I had, in hopes of only sending large shares, and did notice an increase in traffic.
So 13TH, what would you recommend on a metered 4G connection?
I am using a 4G Mobile Hotspot, and some how using a ton of bandwidth from mining, over 5GB in under a month.
Surely they aren't doing that much bandwidth usage?
I removed the manual super high difficulty setting I had, in hopes of only sending large shares, and did notice an increase in traffic.
So 13TH, what would you recommend on a metered 4G connection?
May 28, 2017, 05:36:18 PM
To my public bitcoin address. 
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
What hardware or software do you use to house your wallet? I'm guess you don't use an exchange public bitcoin address. I understand your distrust on Exchanges, Coinbase has been offline several times in the last few days particularly when the price was climbing.
If you have enough space on your PC - or preferably an extra PC you don't regularly use - I would install Core and use that wallet. That way your BTC are under your control and YOU are responsible for the keys and their safe-keeping.
That is what I do. I run a full BTC node and also use the wallet. One good thing about using the Core wallet is that you can get away with using smaller fees (at least in my experience). From what I understand when you send BTC using the Core wallet it will broadcast it to multiple other nodes and will keep broadcasting the transaction until it is picked up. I have never had a low-free transaction not picked within 12 hours.
Of course you can adjust the fee slider to get faster transactions.
But the point is you are not relying on an exchange to hold your coins.
But BEWARE! YOU are responsible for the safe-keeping of your wallet. You must back it up to multiple secure locations so that with the private keys, you can recover your wallet in case of your PC burning up, crashing, natural disaster. My point is that you need to keep your wallet backup in a multiple secure locations. That way you can recreate your wallet.
There are pro's and cons of using Core. But you can pick your poison.
Yup...and (a la Dune)..."My poison is your poison"...or something like that.
You and I are rolling alike. When I send out rewards to my partner, I use really minimal tx fees...but, at least it seems, because I run the full node and Core, I've never had one not confirm in 12 hrs. It's usually only a couple of hours. Maybe just lucky... May 28, 2017, 04:28:42 PM
See Even here I get different opinions! I also talked to the Ledger support and they told me it works just like any other wallet, that was why I had the funds sent there, but it sounds like they might not. Coinbase say's specifically to not have mining rewards sent to their address, at least somewhere it says it (I found where, it is the ETHEREUM Wallet Address that say's "Warning: Do not send ETH mining rewards or ETC directly to this address") because when I first started I was going to use them and that is what prompted me to get the Ledger. So it looks like I could use Coinbase as the destination for the mining rewards from here.
But for now I think for now I am going to use JAXX and see how that works as they support pretty much every currency and I have the keys to it and passphrase et cetera.
I love hearing all the information on the subject guys, even if it confuses me more, still good stuff to know!
To Exchange or not to Exchange, THAT is the question!
Even here I get different opinions! I also talked to the Ledger support and they told me it works just like any other wallet, that was why I had the funds sent there, but it sounds like they might not. Coinbase say's specifically to not have mining rewards sent to their address, at least somewhere it says it (I found where, it is the ETHEREUM Wallet Address that say's "Warning: Do not send ETH mining rewards or ETC directly to this address") because when I first started I was going to use them and that is what prompted me to get the Ledger. So it looks like I could use Coinbase as the destination for the mining rewards from here.But for now I think for now I am going to use JAXX and see how that works as they support pretty much every currency and I have the keys to it and passphrase et cetera.
I love hearing all the information on the subject guys, even if it confuses me more, still good stuff to know!
To Exchange or not to Exchange, THAT is the question!
Yes you are right about the warning sign sayning not to send Ethereum mining rewards to Coinbase wallet! I've seen it too but at the same time I've seen many people do it and gave it a shot. I set payout to 1 ether and since the beginning I've mined about 100 Coins and sold them right there to Coinbase without any problems.... It usually says that I'll receive the bank transfer in 5 days but I've noticed that I received them much earlier, in about 2 days I believe.
May 28, 2017, 04:17:01 PM
To my public bitcoin address.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
What hardware or software do you use to house your wallet? I'm guess you don't use an exchange public bitcoin address. I understand your distrust on Exchanges, Coinbase has been offline several times in the last few days particularly when the price was climbing.
If you have enough space on your PC - or preferably an extra PC you don't regularly use - I would install Core and use that wallet. That way your BTC are under your control and YOU are responsible for the keys and their safe-keeping.
That is what I do. I run a full BTC node and also use the wallet. One good thing about using the Core wallet is that you can get away with using smaller fees (at least in my experience). From what I understand when you send BTC using the Core wallet it will broadcast it to multiple other nodes and will keep broadcasting the transaction until it is picked up. I have never had a low-free transaction not picked within 12 hours.
Of course you can adjust the fee slider to get faster transactions.
But the point is you are not relying on an exchange to hold your coins.
But BEWARE! YOU are responsible for the safe-keeping of your wallet. You must back it up to multiple secure locations so that with the private keys, you can recover your wallet in case of your PC burning up, crashing, natural disaster. My point is that you need to keep your wallet backup in a multiple secure locations. That way you can recreate your wallet.
There are pro's and cons of using Core. But you can pick your poison.
Agree, mostly for the important coins. I am trying other wallets for altcoins and recently using Exodux, it is a good walltet but missing Zcash.
May 28, 2017, 03:50:36 PM
To my public bitcoin address.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
What hardware or software do you use to house your wallet? I'm guess you don't use an exchange public bitcoin address. I understand your distrust on Exchanges, Coinbase has been offline several times in the last few days particularly when the price was climbing.
If you have enough space on your PC - or preferably an extra PC you don't regularly use - I would install Core and use that wallet. That way your BTC are under your control and YOU are responsible for the keys and their safe-keeping.
That is what I do. I run a full BTC node and also use the wallet. One good thing about using the Core wallet is that you can get away with using smaller fees (at least in my experience). From what I understand when you send BTC using the Core wallet it will broadcast it to multiple other nodes and will keep broadcasting the transaction until it is picked up. I have never had a low-free transaction not picked within 12 hours.
Of course you can adjust the fee slider to get faster transactions.
But the point is you are not relying on an exchange to hold your coins.
But BEWARE! YOU are responsible for the safe-keeping of your wallet. You must back it up to multiple secure locations so that with the private keys, you can recover your wallet in case of your PC burning up, crashing, natural disaster. My point is that you need to keep your wallet backup in a multiple secure locations. That way you can recreate your wallet.
There are pro's and cons of using Core. But you can pick your poison.
May 28, 2017, 03:30:14 PM
To my public bitcoin address.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
What hardware or software do you use to house your wallet? I'm guess you don't use an exchange public bitcoin address. I understand your distrust on Exchanges, Coinbase has been offline several times in the last few days particularly when the price was climbing. While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
May 28, 2017, 03:20:30 PM
To my public bitcoin address.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
What hardware or software do you use to house your wallet? I'm guess you don't use an exchange public bitcoin address. I understand your distrust on Exchanges, Coinbase has been offline several times in the last few days particularly when the price was climbing.
May 28, 2017, 03:12:38 PM
To my public bitcoin address.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
While I admit that current conditions are pushing fees upwards on "consolidated" transfers, I'd rather loose some bitcoin in the future than give all of it to someone else in the present.
May 28, 2017, 03:05:22 PM
] The "reputation" of an exchange wasn't what I meant. When you send coin to an exchange, if you don't have access to the private keys, then you are giving them the coin. The now own and control it. While a reputable exchange, will give you use of that amount of coin, you're still not actually in control of that coin (just like a traditional bank, they set the terms of when/how much you can transfer, if/when you can even access that amount, etc.). Even "innocent" things can have an impact (i.e., more than 1 exchange has had repeated sign-in issues lately - If you can't sign-in to that exchange and you don't have the private keys, then you still can't control what used to be your bitcoin).
Where do you send your mining rewards?
May 28, 2017, 02:58:41 PM
See Even here I get different opinions! I also talked to the Ledger support and they told me it works just like any other wallet, that was why I had the funds sent there, but it sounds like they might not. Coinbase say's specifically to not have mining rewards sent to their address, at least somewhere it says it (I found where, it is the ETHEREUM Wallet Address that say's "Warning: Do not send ETH mining rewards or ETC directly to this address") because when I first started I was going to use them and that is what prompted me to get the Ledger. So it looks like I could use Coinbase as the destination for the mining rewards from here.
But for now I think for now I am going to use JAXX and see how that works as they support pretty much every currency and I have the keys to it and passphrase et cetera.
I love hearing all the information on the subject guys, even if it confuses me more, still good stuff to know!
To Exchange or not to Exchange, THAT is the question!
Even here I get different opinions! I also talked to the Ledger support and they told me it works just like any other wallet, that was why I had the funds sent there, but it sounds like they might not. Coinbase say's specifically to not have mining rewards sent to their address, at least somewhere it says it (I found where, it is the ETHEREUM Wallet Address that say's "Warning: Do not send ETH mining rewards or ETC directly to this address") because when I first started I was going to use them and that is what prompted me to get the Ledger. So it looks like I could use Coinbase as the destination for the mining rewards from here.But for now I think for now I am going to use JAXX and see how that works as they support pretty much every currency and I have the keys to it and passphrase et cetera.
I love hearing all the information on the subject guys, even if it confuses me more, still good stuff to know!
To Exchange or not to Exchange, THAT is the question!
May 28, 2017, 12:27:01 PM
The way Kano does it, the rewards are generated to an address he owns then sent as a regular transaction (with zero fees) in the first block after 100 confirms. So these rewards are fine to send directly to an exchange (and I have done it as well)...
Correct, as long as you're willing to accept that you've given away your bitcoin without ever having owned it (he who controls the keys owns the coin). May 28, 2017, 11:55:59 AM
The way Kano does it, the rewards are generated to an address he owns then sent as a regular transaction (with zero fees) in the first block after 100 confirms. So these rewards are fine to send directly to an exchange (and I have done it as well)...
Correct, as long as you're willing to accept that you've given away your bitcoin without ever having owned it (he who controls the keys owns the coin).I mean, as long as you use a reputable exchange and consolidate every 20-50 blocks or whatever so they amount doesn't grow too large it shouldn't be an issue. Then from there you can send it to an address you control directly.
May 28, 2017, 11:22:10 AM
It's ok to send it to an Exchange, well I'm my case it is Volabit ( not sure if it's considered an exchange). I just let the BTC accumulate there until I get like a 0.5 or 1 BTC and then I transfer them to the hardware wallet (if I don't sell them right there and then). I think it is completely fine just don't keep too much BTC there, I personally don't let it go over 1 BTC. For me Volabit works the best, I like the page layout, notifications and they charge me barely anything for pulling my BTC out. I've never had a problem with any of the transfers from them, and it Has been always very quick for me!
I'm a little confused, why don't you just have the mining rewards go straight to your hardware wallet?
-Tamerz
That is what we were talking about. I have, had, all my winnings for BTC going to my Ledger Nano S. After that I usually sent the BTC to the exchange, but my transaction fee kept going up. The last time I got $60 or so bucks in coins (4-5 payouts worth for me) I went to send it to the exchange and the Nano wanted over $15 to send $60 bucks worth of bitcoin! (And that was on the cheapest Low Priority one) So I did a custom one and selected 100 Satashoi's but that ended up beeing too low and no miner picked it up to confirm it so it was stuck. So I used a transaction accelerator and it worked.
But ultimately the issue is, where to send mined rewards from here to that is the safest & cheapest to either keep or use on an exchange. He was asking why I don't have my rewards sent to my exchange and I was saying that everything I have read said not to have rewards sent to exchanges but to a wallet first, then to an exchange. Even the moderators at the exchange I use said to do it that way.
So that is the issue
Actually I've contacted the Ledger support after I wasn't receiving the withdrawal I did in over 24 hours and that's when they asked me if I had miner rewards sent to my address and I said yes so he explained to me that this was the reason for the amount of time it is taking and told me to have the miner rewards sent somewhere else before storing them in a hard wallet. I suggest you change your payout address as soon as possible because all of the 7 payouts that we are supposed to receive will still be sent to the old address you've had on Kano, even if you change it now the first reward that you will receive at your newly added address will be starting the next Block found. If you're in the U.S the Coinbase could work very well for you so open a wallet there and change your payout address to it and then you will have all the time you need to look for another wallet if you don't like Coinbase.
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