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Author Topic: [~200PH] KanoPool kano.is 0.9% fee 6.3 BTC giveaway 🐈 US,UK,JP,NYA,DE,SG  (Read 5169064 times)
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padrinogtr
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April 12, 2018, 04:22:30 PM
 #39361

Block 517766 matured at 10:31 EST and popped up in my wallet at 10:32 EST...pretty quick. Grin

No confirmations yet but it shouldn't take long Cheesy

I consolidated yesterday some inputs from March from kano's pool, it cost me a grand total of 35 cents.   LOL




someone explain this consolidation business to me

230TH Mining For Kano!!!
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April 12, 2018, 04:50:42 PM
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someone explain this consolidation business to me

The fee you pay for a transaction is based on the number of inputs you spend. For example, let's say you're sending .1 BTC. That .1 BTC, however, is really the sum of a bunch of mining outputs. If you get .01 per block, that .1 BTC is 10 transactions of .01.

So your send of .1 is really spending those 10 unspent transactions. This can increase the transaction fee, because the weight of the transaction is bigger.

Consolidating means you spend all your multiple outputs by sending them to a single input when fees are low. That way instead of 10 inputs to your transaction, you just have 1.

Imagine you're at the store and want to pay for your groceries. The total is $20. You have a jar of quarters, or you have a $20 bill. Which is easier to use? Consolidation is taking your quarters (the rewards from all your mining) and merging them into a $20 bill.
padrinogtr
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April 12, 2018, 04:58:41 PM
 #39363



someone explain this consolidation business to me

The fee you pay for a transaction is based on the number of inputs you spend. For example, let's say you're sending .1 BTC. That .1 BTC, however, is really the sum of a bunch of mining outputs. If you get .01 per block, that .1 BTC is 10 transactions of .01.

So your send of .1 is really spending those 10 unspent transactions. This can increase the transaction fee, because the weight of the transaction is bigger.

Consolidating means you spend all your multiple outputs by sending them to a single input when fees are low. That way instead of 10 inputs to your transaction, you just have 1.

Imagine you're at the store and want to pay for your groceries. The total is $20. You have a jar of quarters, or you have a $20 bill. Which is easier to use? Consolidation is taking your quarters (the rewards from all your mining) and merging them into a $20 bill.

i think i get it
thanks

230TH Mining For Kano!!!
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April 12, 2018, 05:33:59 PM
 #39364



someone explain this consolidation business to me

The fee you pay for a transaction is based on the number of inputs you spend. For example, let's say you're sending .1 BTC. That .1 BTC, however, is really the sum of a bunch of mining outputs. If you get .01 per block, that .1 BTC is 10 transactions of .01.

So your send of .1 is really spending those 10 unspent transactions. This can increase the transaction fee, because the weight of the transaction is bigger.

Consolidating means you spend all your multiple outputs by sending them to a single input when fees are low. That way instead of 10 inputs to your transaction, you just have 1.

Imagine you're at the store and want to pay for your groceries. The total is $20. You have a jar of quarters, or you have a $20 bill. Which is easier to use? Consolidation is taking your quarters (the rewards from all your mining) and merging them into a $20 bill.

i think i get it
thanks


If you have a bunch of inputs from pool mining (doesn't have to be here), might as well merge them all together into one larger input with these fee rates, which are practically 0.   
rifleman74
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April 12, 2018, 05:42:41 PM
 #39365

Back on track, we have a high number of invalids for this block here at .90%    People trying the AsicBoost miners and getting rejected? 


MINE ON WITH KANO-SAN! 
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April 12, 2018, 06:01:58 PM
 #39366

Invalids can be caused by the incomming summer heat.
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April 12, 2018, 06:14:42 PM
 #39367

Back on track, we have a high number of invalids for this block here at .90%    People trying the AsicBoost miners and getting rejected?  

MINE ON WITH KANO-SAN!  
No. Said many times here and in the Halong thread stated by he-who-is-not-to-be-named here who is one of the code devs -- the T1 will not even connect to a non-AB pool.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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April 12, 2018, 06:24:28 PM
 #39368

Why Kano pool has no minimum payout treshold setting?
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April 12, 2018, 06:26:43 PM
 #39369

Why Kano pool has no minimum payout treshold setting?
Skim through the last several pages. Very common query and for those who take the time to look always the same answers

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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Carl, aka Sonny :)


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April 12, 2018, 07:18:26 PM
 #39370

Block by MicroBalrog!  Welcome to the Acclaim Board with your 1st Kano block! Cheesy

This is our 2nd of BLOCK THURSDAY! Cheesy Cheesy

Nice fat block at 12.87074350!  That's a little higher than recent blocks! Cheesy

I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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April 12, 2018, 07:19:30 PM
 #39371

100TH Farm solving a Block!!!

Thanks Microbalrog!
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April 12, 2018, 07:20:02 PM
 #39372

KanoPool Block 517900 Found at 04/12/2018 07:17:46pm UTC 12.754863 value after 0.11583700 fee ($99,252 USD), 0.00009124 BTC/Th est payout, which took 16h:25m:28s to find with 54.81% diff with 1.92T Shares and pool hash 139.79PH/s

www.minergain.com - Free miner equipment tracking and reporting
Mike is a tiny miner: 3 S9, 1 D3, 6 RX470
I mine at Kano Pool, for better BTC Profits!
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April 12, 2018, 07:22:58 PM
 #39373

You can't get 3 blocks in a day without getting the first 2, so we're good for the 3rd now.
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April 12, 2018, 07:23:58 PM
 #39374

Yay block
rifleman74
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April 12, 2018, 07:33:52 PM
 #39375

KA-POW!


MINE ON WITH KANO-SAN!
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April 12, 2018, 07:34:32 PM
 #39376

Congratz to MicroBalrog!!!
less than 100THash and found a block!
Welcome to the aclaim board.

1 S9, 2  A741s, 1 A821, 3 A841s, and full bitcoin node
About 80THash/sec
Shazam!!!
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April 12, 2018, 07:35:10 PM
 #39377

BTCamm!!!

Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
I mine BTCitcoin at a non-Corporate pool with no hidden fees, no empty BTClocks: Kano Pool   ■ get Kano Pool signature banners here ■
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April 12, 2018, 07:51:06 PM
 #39378

BTCBTCBTCLLL000CCCKKK!!!

Thanks, MicroBalrog!  Grin

The best ~200PH BTC mining pool (<1% fee): KanoPool (https://kano.is)
***No lost work during the 5Nd PPLNS payout ramp-up***
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April 12, 2018, 08:01:38 PM
 #39379

BTCBTCBTCLLL000CCCKKK!!!

Thanks, MicroBalrog!  Grin
Ditto...I can get used to this...


To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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April 12, 2018, 08:09:01 PM
 #39380

If you have a bunch of inputs from pool mining (doesn't have to be here), might as well merge them all together into one larger input with these fee rates, which are practically 0.   
To give you an idea, a couple months ago when activity was high, $100 for a dozen transactions sent within a few hours was commonplace.  If you had a single transaction, it would be 1/12th of that.  Right now you can send a dozen transactions for under a dollar most of the time.

www.minergain.com - Free miner equipment tracking and reporting
Mike is a tiny miner: 3 S9, 1 D3, 6 RX470
I mine at Kano Pool, for better BTC Profits!
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