KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2436 blocks

[mdude77]

thanks M, but just to clarify - is that 2.5 days to drop to 0, or 2.5days to get it back up to your maximum threshold?

Both ways

That's right.  Ramp speed is the same both ways.

M

[1715228894]

1715228894

[beltsniffer]

Quick question:

When you leave kano pool, for instance, your miner goes down for let's say 24 hours.

How long does it take for your 5n to drop? and also how long does it take to re-ramp up to your maximum 5n payout threshold?

Thanks in advance

It is on the https://kano.is/index.php?k=payout
Currently 1day 21hours. It will go up or down with pools hashrate and diff.

[bronder]

Given the rise in bitcoin/USD rate a couple of questions pop in my mind:

1) Should we expect to see faster miners than S9 and other similar? they've been pumping those out from the factory for quite a while now.

2) Would miners put old miners back online at these prices?

Thanks!

[ConnerM]

And the pool is still at 187PH!  That's great.  Should help decrease the odds of blocks from hell.

I'm thinking that at 190ish PH the pool should 'average', currently, about 3 blocks and change per day.

I don't understand why difficulty would increase so much this next go round, isn't half the world breaking down the bulkheads to move their hash over to BTG on the 25th... 

(For those of you who don't know me, sarcasm is my speciality...  )

[ConnerM]

1) Should we expect to see faster miners than S9 and other similar? they've been pumping those out from the factory for quite a while now.

2) Would miners put old miners back online at these prices?

1) I think, and correct me if I'm wrong, that the high end of the efficiency curve of the current 16nm form factor is pretty well represented in the current generation of gear. There might be a small incremental upgrade in gear coming in the next few months, but I don't think there will be any exponential increases in efficiency until a new generation of gear is released based on the next form factor, 10nm perhaps. But who knows. 10nm gear suitable for mining is still a long way off, and I mean a long way. At least a year or more. Personally I think we're looking at well into 2019 for anything in that form factor. So what miners have to do to keep up with difficulty right now is continuously add more hash at about the same efficiency. So mining is becoming more and more of a volume endeavour, and this gets a little tricky when you are adding gear that is mature in the current efficiency cycle. Obsolescence in this biz is a hard thing to predict, and yet you still need to try to make reasonable assumptions as to the best way new capital should be deployed in your mining operation.

It's interesting to me that the current situation is forcing miners to add capacity rather than efficiency for such a long time, so when the next generation of gear is released there will be a gigantic amount of worldwide capacity ready and hungry for the upgrade. This means the economics of the next upgrade cycle will be very 'different' from the previous ones, and the experienced miners know exactly what I'm talking about.

For near term incremental upgrades, I'm hoping to see someone break BitMain's monopoly on efficiency. The 741, for example, is a better design, they are really excellent machines (we're adding 12 more next month), but lack the efficiency to compete at the top end with the S9. Especially if you are trying to pack on as much hash as you can with a limit to space and electric capacity, or you are mining with marginally expensive electric rates. I'm hoping Canaan will release a new series of miners in the near future that are of equal quality to the 741 (you know, they don't break) but match or even slightly beat the efficiency of the S9 at a similar cost per TH (the old cost last summer, not the new BCC one please). That would be a short term game changer.

2) When the price of BTC rises faster than difficulty increases can keep up, older units may be put back into production for awhile. Also, if a miner thinks BTC is going to say, 10K near term, he won't care if the older gear mines at a small loss 'right now'. If I had the capacity at the moment I'd throw the 20 or so recently retired S7's I have laying around here back up on the rack and run them. I ended up running those machine a LOT longer than I ever thought I would due to the steady rise in BTC price, and we still throw one in an S9 slot from time to time when one comes down for maint. Notice I didn't say 741 slot, because those never seem to need to come down for maint. 

[padrinogtr]

1) Should we expect to see faster miners than S9 and other similar? they've been pumping those out from the factory for quite a while now.

2) Would miners put old miners back online at these prices?

1) I think, and correct me if I'm wrong, that the high end of the efficiency curve of the current 16nm form factor is pretty well represented in the current generation of gear. There might be a small incremental upgrade in gear coming in the next few months, but I don't think there will be any exponential increases in efficiency until a new generation of gear is released based on the next form factor, 10nm perhaps. But who knows. 10nm gear suitable for mining is still a long way off, and I mean a long way. At least a year or more. Personally I think we're looking at well into 2019 for anything in that form factor. So what miners have to do to keep up with difficulty right now is continuously add more hash at about the same efficiency. So mining is becoming more and more of a volume endeavour, and this gets a little tricky when you are adding gear that is mature in the current efficiency cycle. Obsolescence in this biz is a hard thing to predict, and yet you still need to try to make reasonable assumptions as to the best way new capital should be deployed in your mining operation.

It's interesting to me that the current situation is forcing miners to add capacity rather than efficiency for such a long time, so when the next generation of gear is released there will be a gigantic amount of worldwide capacity ready and hungry for the upgrade. This means the economics of the next upgrade cycle will be very 'different' from the previous ones, and the experienced miners know exactly what I'm talking about.

For near term incremental upgrades, I'm hoping to see someone break BitMain's monopoly on efficiency. The 741, for example, is a better design, they are really excellent machines (we're adding 12 more next month), but lack the efficiency to compete at the top end with the S9. Especially if you are trying to pack on as much hash as you can with a limit to space and electric capacity, or you are mining with marginally expensive electric rates. I'm hoping Canaan will release a new series of miners in the near future that are of equal quality to the 741 (you know, they don't break) but match or even slightly beat the efficiency of the S9 at a similar cost per TH (the old cost last summer, not the new BCC one please). That would be a short term game changer.

2) When the price of BTC rises faster than difficulty increases can keep up, older units may be put back into production for awhile. Also, if a miner thinks BTC is going to say, 10K near term, he won't care if the older gear mines at a small loss 'right now'. If I had the capacity at the moment I'd throw the 20 or so recently retired S7's I have laying around here back up on the rack and run them. I ended up running those machine a LOT longer than I ever thought I would due to the steady rise in BTC price, and we still throw one in an S9 slot from time to time when one comes down for maint. Notice I didn't say 741 slot, because those never seem to need to come down for maint. 

sell me a couple of S7 will you?

[Philopolymath]

So a 20 BILLION share is not good enough for a block?
Hmm

20402019060

Hmm

[Zmkarakas]

So a 20 BILLION share is not good enough for a block?
Hmm

20402019060

Hmm

needs to be 1 trillion and 196 billion something something

[padrinogtr]

One thing I don’t like about this thread is that comments keep disappearing for some reasons. 

[kano]

One thing I don’t like about this thread is that comments keep disappearing for some reasons. 

When I do delete posts I usually post about it.
But if it's a post about another pool then it will be gone as soon as I see it

Mods can delete posts and most mods dislike me

[AriesIV10]

One thing I don’t like about this thread is that comments keep disappearing for some reasons. 

When I do delete posts I usually post about it.
But if it's a post about another pool then it will be gone as soon as I see it

Mods can delete posts and most mods dislike me

We Like you Kano!

[AriesIV10]

How long will this 180+PH hold out?  Some of it is Rented.

[mdude77]

So a 20 BILLION share is not good enough for a block?
Hmm

20,402,019,060

Hmm

Current difficulty is:

1,196,792,694,098

Unfortunately you are still over a trillion short.

M

[joel coin]

Anyone know of an existing alert service or web site/app that I could somehow set up to notify me of when Kano pool hits a block?  Like an email would be cool but a text service would be best
Seeing as how we may be here for a bit longer, I just wanted to see if anyone reading this thread/mining in this pool knows of a service to alert me each time Kano pool relays a block...

If nothing like that exists I suppose I could investigate a way to do this thru IFTTT or something similar. 

you can install the CKPool app on your phone. it send an instant notification every time a block is solved by the Kano pool.

Thanks for this @luxMiner and thanks @beltsniffer too for your reply.  I did read the first post but somehow I missed the part about iOS Apps until your replies.  I got the app setup and am happy with the push notifications and the health monitors for my worker on Kano pool.

Anyway, I am glad I stuck with Kano pool during this long ass block.  This pool will end up paying much better than Slushpool...  It seemed odd to me that 2 blocks came in quick succession after the pool server was restarted?  Probably just a coincidence lol or just Lady Luck masquerading as something related to play tricks on the mind... :-/

[VRobb]

That would be just co-inky-dink, though we do like to try and goad kanosan into doing a restart when we run into a killer block sometimes just for sh!ts and giggles...

[firetreeactual]

Indeed...it seems to have worked so far...ah, correlation without confirmation...I still love it. 

[mdude77]

That would be just co-inky-dink, though we do like to try and goad kanosan into doing a restart when we run into a killer block sometimes just for sh!ts and giggles...

Does that dump the block and pick up a new one?  Seems like it'd be a good strategy if it goes over like 150% haha.

It doesn't quite work that way. 

There isn't a "block" that is pending.  The pool is feeding the miners work to build a block based on the current transactions in the network, the last network block, and some random data.

Everyone talks like we're going to "crack a block", but it's not like that.

That said, I'm all for a pool restart to see what happens.

M

[Suzobo]

Nice choice  Wink highly appreciated Cool  

[Sosoft]

Last night I went to bed hoping for morning blocks and got them. Let's do that again please.

[aessedai]

I have a question, since the last three blocks haven't been paid out yet and span close to 5 hours between the 1st and 3rd block.  Blocks 491085, 491091, and 491121.  The Blockchain says, "Unable to decode Blockchain address."  What does that mean?
https://blockchain.info/block/00000000000000000061eb3acf78861b327621bc15fe5f39dfbbae7d36fc7b77

Does it just mean, wait?    I am not trying to be impatient, I just wonder how things work.  Does the payout have to be manually sent, so it's just a matter of waiting for a human to split up and send out the payouts, or is it just that the blockchain gets clogged up with transactions and can take a while? 

Thanks!