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). 
Topic: KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 947. (Read 5352429 times)
May 28, 2017, 10:46:31 AM
May 28, 2017, 10:18:27 AM
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
So that is the issue
Someone correct me if I'm wrong, but there are two types of mining rewards. The first type is like if you are solo mining, where the rewards are generated directly at your address. This is the type of rewards that cannot be directly sent to an exchange.
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).
So with TX fees being what they are, it would make sense now to have your rewards sent directly to a reputable exchange and then withdrawing them in one large batch.
May 28, 2017, 09:36:23 AM
...everything I have read said not to have rewards sent to exchanges but to a wallet first, then to an exchange...
Imo, that comes down to 2 things:1) Exchanges don't want you to do it because they don't want to field a bajilion support tickets about "Why can't I use my BTC" when it hasn't hit 100 confirms yet, so it's easier for them to just say, "don't do it".
2) It's bad practice, because when you mine direct to an exchange, unless they give you access to the private keys for your accounts, you're giving them what should be your bitcoin.
May 28, 2017, 09:17:02 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
May 28, 2017, 08:50:59 AM
Hey all
Can some one explain the shift and what they mean
I am confused with the reward and rewarded
...
Sorry if this is redundant fairly new to Kano pool . just trying to understand the system .
As the payouts page explains, each share you send to the pool is expected, on average, to be rewarded 5 times, each of those 5 times, approx 1/5 of it's expected value.Can some one explain the shift and what they mean
I am confused with the reward and rewarded
...
Sorry if this is redundant fairly new to Kano pool . just trying to understand the system .
"Rewards" is how many times, each share you submitted in that shift, actually has been rewarded.
Shares above the red line may be rewarded again.
"Rewarded" is, as the red * says at the bottom
the actual amount each 1000Diff share has been rewarded in satoshis.So if you submitted 10,000,000 Diff of shares during "8esb2 kosaki" those shares will have been rewarded, in total so far, "Rewarded" times 10,000 satoshis.
That page is actually how you are rewarded, all other explanations are derived from that.
May 28, 2017, 08:13:25 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
Few reasons:
1. I like to keep track of all my BTC and Ether on my Ipad and I hate having to use laptop when using Ledger. 2. I like to get notified every time I get a reward so that I know when and for what Block I got payed.
3. I don't make nearly enough BTC to make me use the Ledger and when I get my rewards I sell them on Volabit and Coinbase at the end of the month to be able pay for some bills like electricity and CC debt that I'm sure most of us have.
4. The Ledger support told me not to send mining rewards directly to the hardware wallet.
But If I was a partner of BlockMines, I'm sure I would be using a hard wallet and not one! Lol
May 28, 2017, 07:56:53 AM
Great Miners! Go Go Kano!
Yesterday VS Today
8 Blocks/24H by Blocktrail
Yesterday
VS Today8 Blocks/24H by Blocktrail
This is a great way to close out the month of May!
May 28, 2017, 07:23:28 AM
Great Miners! Go Go Kano!
Yesterday VS Today
8 Blocks/24H by Blocktrail
Yesterday
VS Today8 Blocks/24H by Blocktrail
May 28, 2017, 07:22:06 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
May 28, 2017, 07:15:38 AM
Block! by blockmines 
S9v2
14.94 BTC
and a payout
S9v2
14.94 BTC
and a payout
May 28, 2017, 05:22:09 AM
Just curious why no T9s finding blocks, it is almost always S9s.
Well they could be T9s coz they provide the same information.However the pool has a truck load of S9s (and A7s) pointing at it so they also would be the 'most likely' to find blocks.
May 28, 2017, 05:17:09 AM
Just curious why no T9s finding blocks, it is almost always S9s.
May 28, 2017, 02:27:29 AM
Can anyone answer a couple of questions for me? I have my payments from here sent to my Ledger Nano S and then I send those funds to the exchange I use. The transaction fee continues to grow every time I send funds from my nano to the exchange. For a 60 dollar transaction it is up to almost 15 bucks to send to the exchange. Why is that transaction fee continuing to grow every time I send funds to the exchange?
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
It's because the transaction fee is denominated in btc/kb and btc price has been going up. The reason is your $60 is made up of many small transactions which take up more byes.
I would just have the funds sent directly from Kano to the exchange, that way the TX fees are the exchange's problem - and most charge only one small fee to send.
I.E. btc-e charges 0.001 (~$2) for withdrawals. So anyone earning small payouts could just direct all the payouts to their btc-e account and then withdraw in one lump payment from btc-e for $2.
Or alternatively if you don't need the coins just let them keep building up until either there are very few transactions in the pool (and you can send them with a very low transaction fee) or until something is decided about increasing block size / segwit at which time transaction fees will probably go down.
I thought about having them sent to the Exchange, but everything I have read and people I have talked to have said not to do that so I haven't done that.
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!
May 28, 2017, 02:17:29 AM
Can anyone answer a couple of questions for me? I have my payments from here sent to my Ledger Nano S and then I send those funds to the exchange I use. The transaction fee continues to grow every time I send funds from my nano to the exchange. For a 60 dollar transaction it is up to almost 15 bucks to send to the exchange. Why is that transaction fee continuing to grow every time I send funds to the exchange?
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
I have a ledger nano S wallet but they told me not to send mined BTC directly to the wallet and they suggested to me that I have the rewards sent somewhere else first and then transfer them to the hard wallet.
I have never had a stuck transaction from the ledger wallet because I always used the max amount of payment for the transaction (although it took more than 24 hours to receive one time). But I did have a stuck transaction using CoinSpace wallet before and I used this https://www.viabtc.com/tools/txaccelerator/. To accelerate it because I wasn't even getting any confirmation, not one! And it worked for me! My transaction was finally picked up and I started to get confirmation! I hope that helps....
That worked! I got it in right at the hour change and within 20 minutes it went through!
What the accelerator? Glad it helped!
May 28, 2017, 12:49:54 AM
Can anyone answer a couple of questions for me? I have my payments from here sent to my Ledger Nano S and then I send those funds to the exchange I use. The transaction fee continues to grow every time I send funds from my nano to the exchange. For a 60 dollar transaction it is up to almost 15 bucks to send to the exchange. Why is that transaction fee continuing to grow every time I send funds to the exchange?
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
It's because the transaction fee is denominated in btc/kb and btc price has been going up. The reason is your $60 is made up of many small transactions which take up more byes.
I would just have the funds sent directly from Kano to the exchange, that way the TX fees are the exchange's problem - and most charge only one small fee to send.
I.E. btc-e charges 0.001 (~$2) for withdrawals. So anyone earning small payouts could just direct all the payouts to their btc-e account and then withdraw in one lump payment from btc-e for $2.
Or alternatively if you don't need the coins just let them keep building up until either there are very few transactions in the pool (and you can send them with a very low transaction fee) or until something is decided about increasing block size / segwit at which time transaction fees will probably go down.
I thought about having them sent to the Exchange, but everything I have read and people I have talked to have said not to do that so I haven't done that.
May 28, 2017, 12:26:53 AM
Can anyone answer a couple of questions for me? I have my payments from here sent to my Ledger Nano S and then I send those funds to the exchange I use. The transaction fee continues to grow every time I send funds from my nano to the exchange. For a 60 dollar transaction it is up to almost 15 bucks to send to the exchange. Why is that transaction fee continuing to grow every time I send funds to the exchange?
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
It's because the transaction fee is denominated in btc/kb and btc price has been going up. The reason is your $60 is made up of many small transactions which take up more byes.
I would just have the funds sent directly from Kano to the exchange, that way the TX fees are the exchange's problem - and most charge only one small fee to send.
I.E. btc-e charges 0.001 (~$2) for withdrawals. So anyone earning small payouts could just direct all the payouts to their btc-e account and then withdraw in one lump payment from btc-e for $2.
Or alternatively if you don't need the coins just let them keep building up until either there are very few transactions in the pool (and you can send them with a very low transaction fee) or until something is decided about increasing block size / segwit at which time transaction fees will probably go down.
May 27, 2017, 11:24:59 PM
Can anyone answer a couple of questions for me? I have my payments from here sent to my Ledger Nano S and then I send those funds to the exchange I use. The transaction fee continues to grow every time I send funds from my nano to the exchange. For a 60 dollar transaction it is up to almost 15 bucks to send to the exchange. Why is that transaction fee continuing to grow every time I send funds to the exchange?
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
The other question is, what happens if I select a custom transaction fee and I send it with the minimum satochies (however you spell them)? I tried it and set it at the minimum, which was 100. What happens if I get no confirmations on that transaction? Does it eventually come back to my Nano S?
Thanks!
And grats on all the blocks!
I have a ledger nano S wallet but they told me not to send mined BTC directly to the wallet and they suggested to me that I have the rewards sent somewhere else first and then transfer them to the hard wallet.
I have never had a stuck transaction from the ledger wallet because I always used the max amount of payment for the transaction (although it took more than 24 hours to receive one time). But I did have a stuck transaction using CoinSpace wallet before and I used this https://www.viabtc.com/tools/txaccelerator/. To accelerate it because I wasn't even getting any confirmation, not one! And it worked for me! My transaction was finally picked up and I started to get confirmation! I hope that helps....
That worked! I got it in right at the hour change and within 20 minutes it went through!
May 27, 2017, 10:56:37 PM
Sigh - passthru at stratum.kano.is just dropped off the network yet again (03:00 UTC) for about 1 minute this time so everyone on there almost certainly failed over (and back)
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
Don't worry just means another block real soon.
Hahaha seems like it don't it?
May 27, 2017, 10:36:07 PM
Sigh - passthru at stratum.kano.is just dropped off the network yet again (03:00 UTC) for about 1 minute this time so everyone on there almost certainly failed over (and back)
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
Don't worry just means another block real soon.
May 27, 2017, 10:10:00 PM
Sigh - passthru at stratum.kano.is just dropped off the network yet again (03:00 UTC) for about 1 minute this time so everyone on there almost certainly failed over (and back)
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
No nodes affected.
Still trying to find a cause of it, but it's looking the same: something in LA causing random very short network dropouts
(since it also affects the whitelisted LA node)
Hash rate is heading back up again.
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