Bitcoin Forum
June 07, 2024, 02:20:23 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 »
21  Bitcoin / Pools / Re: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈 on: December 23, 2017, 04:05:32 AM
Great job on the block Overcon !!!   Grin

On a completely unrelated note:

I have a mildly interesting data point for the other newbies out there.   When I set up my miner in October, I just blindly pointed it to Stratum.kano.is because, well, that what the examples in the instructions said (-:  After reading and watching and doing some ping tests I realized - being on the east coast of the US and all -  I should switch it to nya.kano.is   Ping response of nya was half of stratum.  So I switched.  I did a quick hash rate average and in the 33 shifts since the switch I averaged 7.20 with my Avalon 741.  The 33 shifts before the switch averaged 7.17.

Now we know - The response time matters very little but hey - its a few pennies that will add up to a lunch at MacDonalds.   Who said there's no such thing as a free lunch?

Or maybe to purchase a chicken for the next difficult block??

Mine on

22  Bitcoin / Pools / Re: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 21, 2017, 06:59:49 PM
On the shift page there is a metric called "PPS%"   What does that stand for?   I know there is a payment scheme with the same name but since we use PPLNS I figure it must mean something else in this particular context.

Also, on the blocks page there is a percentage called PAPPS.   What does that stand for?   Google is surprisingly silent on this acronym.

Thanks!

He shows you the PPS, Pay Per Share, rate for comparison so you can see how much your being paid vs. PPS.

There is a question mark next to PAPPS so click on that for an explanation.

Thanks - missed the question mark on the "last N" blocks table.  I guess I look at the monthly block table more closely.

23  Bitcoin / Pools / Re: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 20, 2017, 09:37:28 PM
On the shift page there is a metric called "PPS%"   What does that stand for?   I know there is a payment scheme with the same name but since we use PPLNS I figure it must mean something else in this particular context.

Also, on the blocks page there is a percentage called PAPPS.   What does that stand for?   Google is surprisingly silent on this acronym.

Thanks!
24  Bitcoin / Pools / Re: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 17, 2017, 05:58:52 PM
Quote
Gonna do another KanoDB restart in 10 minutes.
NO miners will be affected.

This tiny update adds the code to allow me to adjust the fee on a range of payouts.
It's set it to no fee from the next block after I restart ... so the sooner I restart the better for everyone Smiley
It's set it to end at 2018-01-01 00:00 - so for the rest of the year.

... and if anyone notices it gets it wrong let me know Smiley
The Miner Reward shown on the Rewards page should equal the Block Reward on the Blocks page from now til the end of the year.

Go find all your buddies with 10-50PHs and get them to come mine here Cheesy

Thanks!!!

PS:   This may be a newbie question but:   Are there large "hired gun" mining farms that can help small pools struggling with a big bad block?    Just was wondering.  Seems like a nice niche for a big farm.  You know - some pre-agreed arrangement for share calculation and/or a premium?   If you had a couple dozen peta-hashes and some good management software to make the redirects easy then you could be a white knight and make a few dollars more than you would ordinarily and minimize the effect of bad luck for resident miners:  Seems like a win-win for everyone.  But then again this may just be my newbie-ness talking.

Me and my single 741 are for hire  (-:
25  Bitcoin / Pools / Re: [45+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 14, 2017, 02:57:28 AM
You're showing your age with a Hee Haw reference there Diesel...!  And so am I calling you out on it!!!  Cheesy

"Hey sis.  Just hold those bunny ears right there...  na wait. I got some tin foil...".

 Smiley
26  Bitcoin / Pools / Re: [45+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 14, 2017, 01:57:44 AM
4.5 days?

https://youtu.be/ZAAKPJEq1Ew

 Grin
27  Bitcoin / Hardware / Power Supply and efficiency on: November 10, 2017, 03:55:51 PM
In various posts, articles, etc I am led to believe(but can't find anything definitive)  that plugging your power supplies into 208/240 circuit results in a more efficient power supply and better hash rate(albeit marginal as best I can infer).   The efficiency I can believe, but I am not sold on better hash rate.

Is this true?   Should I invest in the 240V surge protector and cable(s)?  Just curious...

Setup:  I have two EVGA Super Nova G2 gold PSUs running an Avalon miner - both support 240 - and I have a 240 outlet right beside it. 
28  Bitcoin / Pools / Re: [50+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 09, 2017, 04:09:04 PM


Quote
I just went to spend my first bit coins and I was hit with a $40+ miner fee on a $50 purchase!

Forgive me if I sound dumb, BUT what the heck is a minor fee?Huh  Whatever it is I would of hit the cancel button and just gone without what ever it was I was going to buy if there was an 80% fee tacked on to $50.  Unless it was something my life depended on and lol even then im not so sure I could go threw with it.  lol tho then again, i'm such a tightwad I'd rather walk over a mile to my bank to take money out of the atm with no fee rather than get ripped off paying $4 to get it from the atm across the street from my house. Unless there happened to be 2 feet of snow or something making it not worth the extra effort to save $4
 

The problem is I scanned a QR code and assumed I would get a choice as to miner fee level after confirming but I didn't unless I missed it (I am a neophyte, but I am experienced enough to look for it).

29  Bitcoin / Pools / Re: [50+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈 on: November 08, 2017, 08:23:20 PM
I started mining 3 weeks ago as a hands-on experiment to better understand crypto-currency.  I use Kano as my pool and have been having fun and it has been going well.

But.....

I just went to spend my first bit coins and I was hit with a $40+ miner fee on a $50 purchase!

After research and reading I learned that is because of the nature of the inputs to my wallets.   Lots of little bitty mining rewards were used to create my one large $50 transaction.

So - is there any way to set how often you get paid by the pool?   I'd rather let Kano hold the coins for two weeks at a time because right now my miner fees FAR exceeds the capital gains I've experienced in the last two weeks by bitcoin rise in value.  Receiving the coins every two weeks would half the number of inputs to my wallet and half my fees.

Also - I need advice.   I'm stuck   I can't spend my coins without SERIOUS miner fees.   What should I do?

You can send them with a virtually zero transaction fee to another address you own.  However it could take a very very long time for the transaction to be confirmed.  Or it could be confirmed right away.  (More than likely the former.)

You may also be able to find an online wallet that can receive the transactions that won't charge you huge network fees when you withdraw.  I did that accidentally with a NiceHash wallet, and they didn't complain about it.  

Of course you then have the online wallet withdrawal fee, and your coins aren't in your control.

Maybe now that the fork is nixed, Kano can work on the "only send payments when accumulated over X amount" code? Smiley  

M

Thanks - I'll try the wallet to wallet thing.   Thats actually a cool idea.

By the way - in response to the "accumulate more coin" post above:  I thought of that, but I think in this particular case that won't help.   The fee is based on the size of the inputs, which is basically constant as I mine(everyone of my payments is roughly the same).  So in my circumstance a $500USD transaction will require 10 times the input as a $50USD transaction, and therefore have the same relative fee (ie $400USD) fee.

Or am I wrong about this?   Like I said, i am doing this to learn and I am a newbie so maybe I'm wrong???

Thanks again!

30  Economy / Exchanges / Re: $40 miner fee? Bitpay marking up miner fees? on: November 08, 2017, 07:27:04 PM
Just as a sanity check - does anyone think I just screwed up  and should have known $40 is a reasonable miner fee right now?

it could happen unfortunately specially if the mempool is overcrowded and some miners are picking those with higher fee tx to include in their block. According to bitcoinfees.21.co, to get your transaction confirmed within the next block, you'd need to pay 261-270 satoshis/Byte, and if your translate that with a transaction that has, say 1000 bytes, you'd pay for $19 in fees at the time of this writing.

I also just now finally found some documentation that said basically that a small miner like me that gets lots of little transasctions are in for a real shock when you go to spend.   You don't get charged on the bytes of output - you get charged on the bytes of inputs used to make up that transaction.   This little mining experiment of mine(Avalon 741)  was being done to learn all about cryptocurrency - and boy I just learned the hard way  Smiley

                            Proper fees for bitcoin transactions is based on a bitcoin per bytes rate.

0.00000001 bitcoin is called 1 satoshi.

https://bitcoinfees.21.co/ This site says the current cheapest fee for next block is 80 satoshis per byte... however, super economy would probably be around 20 satoshis per byte.

Now to figure out the size of your transaction in bytes.

If I receive 1 BTC once, and try to send any amount of money. my transaction will be around 259 bytes.

If I receive 0.5 BTC twice (1 BTC total) and try to send anything over 0.5 BTC, I will need to "use" both 0.5 bitcoin pieces I have received, so my transaction will be a little over 400 bytes. If I send less than 0.5 then I only need to use one, so I still am around 259 bytes.

If I receive 0.1 BTC ten times (1 BTC total) and try to send anything over 0.9 BTC, I will need to use all 10 pieces, so my transaction will be over 1500 bytes.

So if we take 0.0005, which is 50000 satoshis, and divide by 20 satoshis/byte, we get 2500 bytes (ish) which is probably around 18-20 bitcoin "pieces" being used.

When you receive a small amount of bitcoin, you will eventually have to pay for that transaction through byte size later on, so "faucet" websites say they are sending you $0.05 at a time, but in actuality, those tiny payments also add on to your future fees... so it is not economically viable to use unless you have them sent to you in larger batches.
31  Economy / Exchanges / Re: $40 miner fee? Bitpay marking up miner fees? on: November 08, 2017, 07:06:02 PM
I would suggest trying to open a ticket.  I haven't ever purchased something from there and not sure if they could help you or not.  If it doesn't say it anywhere where you buy it I imagine that you have a shot at getting your money back if you don't want the item anymore.  At the very least, its worth a shot.  Good luck

and

I use bitpay daily and have not had this problem, normally there conversion rates are 1$-2$ over coinbase when you go to deposit. So if you deposit $50BTC you normally get $48-49.

Thanks

Just as a sanity check - does anyone think I just screwed up  and should have known $40 is a reasonable miner fee right now?

32  Economy / Exchanges / $40 miner fee? Bitpay marking up miner fees? on: November 08, 2017, 06:46:22 PM
Last night I transacted business with a merchant that uses BitPay.   I was charged roughly $3.08USD and $40.18USD in processing/miner fees respectively.  Considering the item I purchased was $50USD, I was livid.  Should have been about $60USD total.  The QR code and subsequent dialog did not give me a choice as to miner fee level nor did it inform me of the exact amount.

I have never spent my coins before, but the historical average for fee is around $6 and a few friends that use bitcoins more regularly says I got screwed big time.  But I realize that amount is not set in stone and I guess could spike and move around???

Am I out of luck?    I filed a ticket with bitpay and got an email that said that have a several day backlog and to basically go take a long nap.

Thanks ahead of time for any guidance ,
33  Bitcoin / Hardware / Automatically rebooting an Avalon 741 on: November 01, 2017, 11:11:53 PM
I love my Avalon 741 so far, with one minor exception.   About every 10 days everything locks up.   A power reset fixes it.   Is there a way to automatically reboot the miner?   I imagine I could craft a shell script on my linux server to reach out reboot the controller, but that would not reboot the miner.   I don't see anything in the controller web interface to reboot the miner.  Is that possible?   Has anyone done it?

Thanks!

So far I haven't lost much mining time because I have been around but the time will come when I lose days of mining because I am traveling.  I would love to just reboot everything once a week.

Thanks in advance!!

PS:  Setup is a surge protector powering one controller and one Avalon Miner (and associated AUC3) on a hard wire ethernet connection.
PSS:  I have only had the unit 3 weeks so I am not very experienced with the interface and may have missed something in the controller interface that can do this.
34  Bitcoin / Mining support / Re: Avalon 741 needed rebooted on: November 01, 2017, 04:33:41 PM
OK - it happened again.   To recap:   The symptoms are: No work being sent to the pool, the controller unresponsive, no fans, but all lights are fine.

Miners:   Lights were perfect.  All green on all power supply inputs and green on main light
AUC3:  Lights perfect.   A green and a blue like normal.
Controller:  The controller has no loghts at all so nothing to see here but web interface was not responding.  Lan port flashed with activity like normal so not a power issue.

Rebooted the controller only, and system came back.   Ran fine for 40-ish minutes.   Left for work.  Then did the same thing.    Unfortunately this time I was not there and I just had my wife hit the power reset button on the power strip.  That was 3.5 hours ago and all is still well.


So my thought is there is something - something odd that only occurs with lots of work and uptime - that the controller is seeing from the miner or AUC3 that sends the controller into oblivion.


But how to check?  Logs are gone when the controller is non-responsive and you have power reset.    Any idea???

35  Bitcoin / Mining support / Re: Avalon 741 needed rebooted on: October 29, 2017, 09:58:31 PM
If it happens again, I'm pretty sure your lights will stay on for the Auc converter and the controller if it has lights.

The only lights that would go off due to a Power supply issue are on the Miners themselves. When I was first setting up my new Avalons I had to change around how I was directing air as my Power supply shut off after a few days due to a high Temp switch on the PSU itself. After that adjustment I had no further issues.

I am wondering when you said you have no response from the controller. Do you have your Miner and controller running of a Surge protector strip? If so you may want to check that it is rated to handle the amps for your miner? Good luck.

Thanks.  I did have to buy a new surge protector since none of my spares would handle it.   So I bought one specifically for this outfit.  Don't remember the joules rating but I had plenty of headroom.   The air is deflected away from the power supplies, so I have that covered.  The power strip's lights were normal - I did notice that.   The controller definitely did not respond.   It is almost like it locked up, and the miner shut itself down based on the lack of communication.  I am supposing that because it was a software issue;  the lights on the miner (the two I could see casually without climbing) that indicate PSU power would remain on.

36  Bitcoin / Mining support / Re: Took the plunge on: October 29, 2017, 09:50:35 PM
Good luck, I'm interested in getting started like yourself. Can you guys let me know what kind of returns you are seeing with this device in your various pools?

6 days after I start mining difficulty is increased 21%  My timing always stinks   Grin

This recent increase in difficulty will affect my payments over time because of my pool's payout method (PPLNS) so I haven't seen it yet but will clearly hurt.   Without the difficulty increase my calculations were 10-12 month ROI.  But I have solar adjunct to my power and basically pay right at .05799KWH for electricity.  Most folks need to use 5000-1000KWH and be on a general or industrial rate card before they get that kind of rate.  So factor that in. 

One thing I have noticed watching my energy meter.   At 7.1THS reward average for the last 9 days the Avalon 741 has only been using 1000 watts(ie average 24KWH per day).  So power consumption is about 13% less than advertised; which is a nice surprise.

37  Bitcoin / Mining support / Re: Avalon 741 needed rebooted on: October 25, 2017, 01:38:38 AM
If you the avalon lost power and had no lights or fan that is 100% a power supply issue.

<head-slap>  I should have checked the lights closer.  I did have lights on the miner and did not notice anything unusual - just went straight for the power reset button on the power strip.  Did not check the AUC/controller.  It's all on a high shelf and while I can see the lights on the miner I can't on anything else without climbing and I just did not bother.
38  Bitcoin / Mining / Re: Resources to point interested friends and spouses on: October 24, 2017, 03:17:00 PM
NP NC!  Frankly we appreciate more intelligent questions instead of the usual, broken record (that dates me!) of "is it profitable", or "is it profitable now", or "help me mine bitcoinz for free!!!111", or the real kicker of "free energy" or any of the other useless, repetitive threads that make most of roll our eyes and sigh!  Roll Eyes
Thanks for the breath of fresh air.  Cool

Thanks for the kind words!   Had a bonfire/chicken stew at the farm over the weekend and links came in handy after my wife brought up mining and a field trip to the shop (where the equipment is) ensued.

39  Bitcoin / Mining support / Re: Took the plunge on: October 24, 2017, 03:12:53 PM
Thanks for everyone replies.   The unit came in today and set-up was simple.   I had a question on power supply connectors but got that straightened up.   So I am mining!   


Thanks again,


Glad to hear it, they are nice units. I have 2 set up that have been consistently hitting 16 TH/S combined. Did you ever settle on a pool? have you thought about what exchange you are going to use?

Went with Kano pool - haven't decided on an exchange.   With such small dollars I think we are just going to buy Christmas present gift cards at egifter.com with half the coins and not bother with an exchange.   Will hang on to the other half and see where the ride takes us  Grin
40  Bitcoin / Hardware / Re: Avalon 741 came in! What PSU connectors???? on: October 24, 2017, 04:21:15 AM
 I do mean the paperclip trick, but the EGVA power supplies come with a connector, that basically does the same thing so you can test the power supplies to ensure they will power up. You can simply leave it in place and use the power supply.

Glad to hear you are up and running. In the future or when you upgrade you might want to look into getting a single Psu  to run 1 or 2 machines. Depending in if you have 110 or 220 volt service.

Phil had some good advice on Psu's from parallel miner, and myself I like Amitylabs  through their ebay store. They are a bettet quality Psu's  meant for full service 24/7.

Do you mean the paperclip trick to tell the Psu to stay on, I remember stumbling upon it while googling information when I was looking at getting started.
Pages: « 1 [2] 3 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!