KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2437 blocks

[Free_Money]

Try:

stratum+tcp://stratum.kano.is:3333

M

It Doesn't work yet.

You need the stratum+tcp:// part if you don't have it.

Yes of course but it doesn't work, at the moment i'm linked and working with slushpool

Sorry if this is a dumb question but do you have your worker field and password field filled out correctly?

[mdude77]

Can someone explain to me why the number of expected blocks does not match the hash rate? Currently with 45PHs, we expect less than one block a day but Kano's stat shows almost one block per day in November.
So with diff 100%, the luck is also 100%? If the diff is 200%, the luck then is 50%? Is it right?

Luck, over time, is always 100%, assuming everything else is working properly.

That means some times luck will be good, and sometimes it will be bad.

Right now, so far this month, it's been good.  Better than average.

The last few months have been bad.  Below average.

M

[xuy]

What I was asking is with current hash rate and diff, the expected blocks should be less than 1 block per day.
But the stat shows almost one block per day.

Can someone explain to me why the number of expected blocks does not match the hash rate? Currently with 45PHs, we expect less than one block a day but Kano's stat shows almost one block per day in November.
So with diff 100%, the luck is also 100%? If the diff is 200%, the luck then is 50%? Is it right?

Luck, over time, is always 100%, assuming everything else is working properly.

That means some times luck will be good, and sometimes it will be bad.

Right now, so far this month, it's been good.  Better than average.

The last few months have been bad.  Below average.

M

[mdude77]

What I was asking is with current hash rate and diff, the expected blocks should be less than 1 block per day.
But the stat shows almost one block per day.

Expected == what you get on average
Actual == will vary.  over a long enough period of time, it will become "expected"

Right now the pool is doing better than average.

M

[beltsniffer]

What I was asking is with current hash rate and diff, the expected blocks should be less than 1 block per day.
But the stat shows almost one block per day.

Most likely it is that the first block found to start this month block originally started being worked on 10/28. So you would need to add those days in as well.

[rifleman74]

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?

Hold onto your bitcoins until you have more of them.

[beltsniffer]

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 need to consolidate your transactions. This is best done during a time when the network is not busy. Right now the network is clogged with transactions, so fees to transfer are very high. You can send them with a lower satoshi/byte ratio, but you will wait  for while to have your transaction confirmed. You can use a transaction accelerator like this one https://pool.viabtc.com/tools/txaccelerator/ and they would include it in the next block they mine.

[mdude77]

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?  

M

[NCDiesel]

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?  

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!

[VRobb]

You got it right, Diesel.  More inputs=more fee.

[kano]

What I was asking is with current hash rate and diff, the expected blocks should be less than 1 block per day.
But the stat shows almost one block per day.

Can someone explain to me why the number of expected blocks does not match the hash rate? Currently with 45PHs, we expect less than one block a day but Kano's stat shows almost one block per day in November.
So with diff 100%, the luck is also 100%? If the diff is 200%, the luck then is 50%? Is it right?

Luck, over time, is always 100%, assuming everything else is working properly.

That means some times luck will be good, and sometimes it will be bad.

Right now, so far this month, it's been good.  Better than average.

The last few months have been bad.  Below average.

M

Expected is the number of blocks that 100% luck would find, given the amount of hashes sent to the pool.

Hash rate changes.
Luck changes.
Diff changes.

[Sosoft]

I never knew about people having problems with fees due to small pay outs. I mine to an address on my phone and every so often I move my coins to my savings wallet or the exchange to cash it out. I'm never in a hurry so I always set the transaction fee to .75USD no matter what the amount is. It has never taken more than two days to complete for me. Right now if I were to send one I would make the fee 0.0001023 for example with BTC 7.3k USD

[firetreeactual]

I never knew about people having problems with fees due to small pay outs. I mine to an address on my phone and every so often I move my coins to my savings wallet or the exchange to cash it out. I'm never in a hurry so I always set the transaction fee to .75USD no matter what the amount is. It has never taken more than two days to complete for me. Right now if I were to send one I would make the fee 0.0001023 for example with BTC 7.3k USD

I'm rather with you, actually. I've had a Core-to-Core tx take four days, even with a less-than-minimal fee, but that's the exception usually. I mine to my Core, and only transfer when I want to put it in my "cold storage" non-networked cold storage wallet (actually kept in my safe). Once in a while I may transfer to someone else's Core (or other wallet...whatever they use) to basically sell some of my BTC for USD quickly and locally, but that's pretty rare. Of course, I buy online pretty regularly and use BTC to pay when I can.

Yeah, it can add up...but there are legit ways to keep it to a minimum safely.

[Dr0n3]

Well since no b2x to worry about anymore, I pointed my hashing power to Kano's pool. Should have a total of 4 S9s running before end of the year, it's not much in the grand scheme, but hopefully every little bit helps!

Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.

[kano]

Well since no b2x to worry about anymore, I pointed my hashing power to Kano's pool. Should have a total of 4 S9s running before end of the year, it's not much in the grand scheme, but hopefully every little bit helps!

Question, what will this pool do if BCH becomes much more profitable to mine than BTC? Is merged mining or auto-switching between the most profitable an option or is this is a BTC only pool? Curious to know Kano's opinion and stance on this matter.

Firstly
B2X isn't guaranteed to not exist.
Just like BCH no longer had a reason to exist once the BIP91 scam was accepted by all the pools, alas, BCH does exist today anyway

However, I was gonna spend today setting up 2 more servers, one for each of BCH and B2X, for 2 new pools, but fortunately the timing occurred for that 'random' post about B2X, so that I'll not bother doing that today

Again, as I've said, we'll see what (else) happens as we close in on the expected fork block.
This is also why I wait as long as possible to make such decisions, since who knows what (else) is gonna happen as we approach the fork

However, I'm not "expecting" to need to setup a B2X fork option, due to that 'random' post about B2X, so it will "probably" just be mining as usual after the fork block comes and goes.

We'll see what happens ...

[smutboy420]

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?  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



    

  



 

[mdude77]

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?  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 

A "miner fee" is a transaction fee.

The vision of Bitcoin, long term, is that miners mine blocks because of the transaction fees.  At some point there won't be any more "coins" in a block ... just transaction fees.  It's a long way out, but it's out there.  Without fees, at that point miners won't have an incentive to mine.  No mining, no blocks, no transactions, *poof*, bitcoin is dead.

Initially there were 50 coins in a block.  Then it halved to 25.  We're in the second halving now at 12.5.  Some day it'll be 6.25, and so on.

M

[smutboy420]

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?  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 

A "miner fee" is a transaction fee.

The vision of Bitcoin, long term, is that miners mine blocks because of the transaction fees.  At some point there won't be any more "coins" in a block ... just transaction fees.  It's a long way out, but it's out there.  Without fees, at that point miners won't have an incentive to mine.  No mining, no blocks, no transactions, *poof*, bitcoin is dead.

Initially there were 50 coins in a block.  Then it halved to 25.  We're in the second halving now at 12.5.  Some day it'll be 6.25, and so on.

M

A "miner fee" is a transaction fee.

   ohhhhh ok just a brain fart.. For some reason, I was thinking it was some big high fee some place was chargeing to be able to spend mined btc.  Instead of the standard tx fees that make for them nice juicy blocks that make mineing worth it.

[smutboy420]

B2X isn't guaranteed to not exist.

You might be right on that..... 

 i just seen this tidbit that
 Mike Belshe CEO, BitGo, Inc is claiming they are going to go ahead and try to do it themselves and even sounds like they are even saying right in the first line that they are intending to do it to cause the btc diff level to drop.    Which sounds like they would only do it long enough to drop difficulty leval then slam back in to btc to mine it.  Seems sort of shady and dirty if there plan is to jump in and out with tons of hashrate. 


https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html 

[padrinogtr]

B2X isn't guaranteed to not exist.

You might be right on that..... 

 i just seen this tidbit that
 Mike Belshe CEO, BitGo, Inc is claiming they are going to go ahead and try to do it themselves and even sounds like they are even saying right in the first line that they are intending to do it to cause the btc diff level to drop.    Which sounds like they would only do it long enough to drop difficulty leval then slam back in to btc to mine it.  Seems sort of shady and dirty if there plan is to jump in and out with tons of hashrate. 


https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html 

Makes perfect sense