KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[mdude77]

Correct, but many of the blocks we've hit recently haven't been much over 100%...so if we get one of those, it'll be at least a week to crack it with our current hash rate.  And that is what I was getting back with the one block every 36 hours comment.

Prior results have no impact on current or future results!  The human mind likes to think otherwise, however it's a complete fallacy.

In other news, difficulty is slated to decrease by 6% in 12 blocks.  About 2 hours from now..

M

[1714065542]

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[1714065542]

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[1714065542]

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[NomadGroup]

Hey guys, I see that BTC price is going down.  Looks like that the people that bought a bunch of coins to make some money on the split have started selling them.  Anyone know if the split is still in effect? 

[VRobb]

Bah, BTC still at $6800 is a total win!  And indeed smegwit2x has been stopped for now, hopefully forever.

[clgrissom3]

Nice to see the Diff drop from 1.45T to 1.36T!

 [2017-11-10 09:19:47] Pool 0 message: Authorised, welcome to ckpool clg3!
 [2017-11-10 09:19:47] Network diff set to 1.45T
 [2017-11-10 09:24:54] Stratum from pool 0 detected new block
 [2017-11-10 09:25:14] Stratum from pool 0 detected new block
 [2017-11-10 09:27:05] Stratum from pool 0 detected new block
 [2017-11-10 09:39:51] Network diff set to 1.36T

[mdude77]

Hey guys, I see that BTC price is going down.  Looks like that the people that bought a bunch of coins to make some money on the split have started selling them.  Anyone know if the split is still in effect? 

If you watch BTC price regularly you'll see it goes up and down all the time.  Right now it's on the down swing.

I think people buy when low and sell when high.  Lots of volatility means lots of room for profit.  Or loss, if you play it wrong...

M

[overcon]

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

[smutboy420]

Don't think so. S9 will be best buy for another year. And it isn't so difficult to transfer to the BCH currency they want..

It is better you have a S9 instead of another chinese farm. Decentralize it again by buying S9. And mine with it on Kano (or slush) or another non-chinese monopoly.

Ya its easy to convert btc to BCH other then then the fact that to do so would be to support and help prop up BCH and make it seem as if its a legitment coin that would be able to live on its own without life support Or helping propping it up as if its a weekend at Bernies.

Tho no matter what form of payment someone sends to bitmain is also propping up bitmain and still putting money in jihad wu's hands either way. 

 

[rifleman74]

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

what fork?

[Dr0n3]

I'm going to ask a noob question here as I can't really find a solid answer. I've referenced the site whattomine to check profitability of mining different algo's/equipment/etc, but I am questioning the accuracy of it's estimations. For example, if you were to put in the specs of an S9 and check current profitability at the current difficulty it has BTC as the 6th most profitable SHA256 algo. Obviously these results fluctuate constantly due to many factors and the filters you select, but it just doesn't feel like an accurate estimation is being portrayed.

Over the past month or so that I've been mining and looking at the site its show than mining via NiceHash was almost always more profitable than mining BTC. I mined on NiceHash for about a week and if I compare my BTC per TH/day to what the forum members reported as their average at Kano pool over the last 3 months (when luck was pretty bad for the pool) mining with at Kano was much more profitable, by something like 30% even with the run of bad luck/difficult blocks.

I guess my question is how much trust should one put into a site like whattomine and how do you truly calculate what the most profitable use of your mining power is? Currently the site is showing BCH as being $0.45 per TH/day more profitable to mine than BTC, but it also says NiceHash is $0.25 per TH/day more profitable than BTC which I know is a fallacy.

If someone can chime in with some more information or point me towards some resources that can provide me better/more accurate info/estimations it would be greatly appreciated and likely useful to more people than just myself.

[Anabetsi]

Is there any chance of adding merged-mining to this?

[mdude77]

I'm going to ask a noob question here as I can't really find a solid answer. I've referenced the site whattomine to check profitability of mining different algo's/equipment/etc, but I am questioning the accuracy of it's estimations. For example, if you were to put in the specs of an S9 and check current profitability at the current difficulty it has BTC as the 6th most profitable SHA256 algo. Obviously these results fluctuate constantly due to many factors and the filters you select, but it just doesn't feel like an accurate estimation is being portrayed.

Over the past month or so that I've been mining and looking at the site its show than mining via NiceHash was almost always more profitable than mining BTC. I mined on NiceHash for about a week and if I compare my BTC per TH/day to what the forum members reported as their average at Kano pool over the last 3 months (when luck was pretty bad for the pool) mining with at Kano was much more profitable, by something like 30% even with the run of bad luck/difficult blocks.

I guess my question is how much trust should one put into a site like whattomine and how do you truly calculate what the most profitable use of your mining power is? Currently the site is showing BCH as being $0.45 per TH/day more profitable to mine than BTC, but it also says NiceHash is $0.25 per TH/day more profitable than BTC which I know is a fallacy.

If someone can chime in with some more information or point me towards some resources that can provide me better/more accurate info/estimations it would be greatly appreciated and likely useful to more people than just myself.

All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site. 

M

[VRobb]

Is there any chance of adding merged-mining to this?

Never

[NotFuzzyWarm]

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

what fork?

The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

[rifleman74]

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

what fork?

The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

Ok, didn't know if there was some new fork besides the cancelled NYA fork.

[Dr0n3]

All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site.  

M

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

I guess my other question is when do we know when BCH is more profitable to mine than BTC, I know we can use calculators, but a calculator is not the same thing as real world results. I know some pools have setup to auto-switch between the most profitable, I like this idea if executed properly. Anyone have any input on this or mind sharing their game plan as BCH is climbing in value VERY quickly...

Ok, didn't know if there was some new fork besides the cancelled NYA fork.

You're talking about the same fork, NYA fork is/was referred to as B2X

[overcon]

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.

what fork?

The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

Ah OK even better! I didn't realize it was canceled.

[beltsniffer]

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

I guess my other question is when do we know when BCH is more profitable to mine than BTC, I know we can use calculators, but a calculator is not the same thing as real world results. I know some pools have setup to auto-switch between the most profitable, I like this idea if executed properly. Anyone have any input on this or mind sharing their game plan as BCH is climbing in value VERY quickly...

You have decide for yourself which is the most profitable to mine. As with a lot of alts, it is not that hard to game the system to manipulate price. So you need to decide what coin value will be when you go to dispose of it. Not just what the value of it is at the moment.

I think most of the people in this pool would be of the opinion that the other sha256 coins are scams that aren't worth bothering with. BCH, beyond being able to buy another miner with it from bitemain, has no proven long term value.

[Sosoft]

I think most of the people in this pool would be of the opinion that the other sha256 coins are scams that aren't worth bothering with. BCH, beyond being able to buy another miner with it from bitemain, has no proven long term value.


Its a funny desperate attempt by Bitmain to give BCH the appearance of having value. If it works it will truly count as a great scam we are all watching unfold in front of our eyes.

[dzimmerm56]

Quite a bit of profit taking going on this Friday. Traditionally Friday is the day the bitcoin price swoops low. Usually it is back up to a high value come Wednesday or Thursday, but there is really no hard and fast rule, just more of a trend that I keep seeing.

As to altcoins and their profitability.
If an altcoin has very low volume of trade or production then its difficulty will tend to drop. As its difficulty drops the ability to mine a whole lot of them starts to rise. The high profitability seen on a lot of altcoins is a bit of a phantom effect. If you start to mine the coin, then you will affect its difficulty if its volume is low to non existent. 

There is a similar issue when you go to sell the 10k or so of altcoins you were able to mine over the weekend. Once you start selling them you notice the price offered starts to drop. You are in effect flooding the market. Your 10K of altcoin formerly valued at $30.00 is now only worth about $10.00. 

So the thing to look for is the volume of transactions on the altcoin that shows up as having a high profitability.
Low or nonexistent volume means you are unlikely to get the value advertised. High volume coins are much more likely to maintain whatever profitability they are showing.

All in all, it is usually more profitable to mine bitcoin and to mine it on kano's pool.
You might get lucky, but more likely you will end up with a bunch of altcoins that aren't worth the electricity you paid to create them.

[kano]

All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site.  

M

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

...

Nicehash lies on their web site.

As I've mentioned before, during October, myself and another person (to our, and everyone elses misfortune) used nicehash to push the hash rate up, to get past those 2 long blocks.
During that time I never paid more than 101% PPS on the market, so the miners were getting 98% PPS - of course I had to pay nicehash 104% PPS ... yeah people don't see those obscured extra costs/losses ...
During that time, mining anywhere with 100% luck, would get you over 107% PPS before fees.

As for what the pool gets, well it doesn't matter what anyone states, just look at the web site - it will tell you block ranges and months.