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

[HagssFIN]

That's the PPLNS advantage, slow to ramp up, slow to ramp down...

yep! I am getting at least something! I think I have been offline for a month now

I have technical problems about AntMiner   Offline since fall.

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

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[Artemis3]

If i don’t pay my bill by the end of this month, i won’t have electricity the next, If i don’t have electricity, I won’t have miners powered up to have them running for the next month when the luck “could be excellent”.

It seems to me that you are unable to account for variance. So when it was high, you were supposed to save that extra income (above 100%) for the time when its low (below 100%), and because of that you need somebody else to do it for you (the PPS pool). Of course you are losing more in fees to that pool, and enter the risks associated with PPS pools...

Or, you did the mistake of spending the above 100% bonus immediately, a bonus you would have never received on PPS pools...


That said, over a given period of time (the longer the better) two identical asics mining in separate pools, one PPS and one PPLNS, the PPLNS one will earn (a little bit) more, even if you keep "grasshopper hoping" with the PPS asic or try to "game the luck".

If your mining operation is failing because the costs in America are now too high, you have other decisions to make rather than blame the pool or the luck: Either move to another country or shutdown (or buy a town powerplant, like Bitmain did), etc.

[Hannu]

That's the PPLNS advantage, slow to ramp up, slow to ramp down...

yep! I am getting at least something! I think I have been offline for a month now

I have technical problems about AntMiner   Offline since fall.

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

3700 dollars is big profit/24h 

[kano]

...
And Kano, I would love to hear your comment on why so many miners have left last month.  You think it was because of the drop of BTC price or did it have something to do with the pools luck?
...

Well, as I have explained in Discord and briefly mentioned already here also, the top miner (~130PH) left due to luck.

His plans for Bitcoin this year of being 350PH by the end of the year never happened.
We've had a pretty stagnant year with the hash rate, although we've had a few large miners join, they seem to not stay around long term.

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I also mentioned earlier about how I've been in discussion with a few 200PH miners on various occasions this year, but they were, to be blunt, a waste of time and I doubt would ever have come here anyway.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

[rifleman74]

That's the PPLNS advantage, slow to ramp up, slow to ramp down...

yep! I am getting at least something! I think I have been offline for a month now

I have technical problems about AntMiner   Offline since fall.

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

3700 dollars is big profit/24h 

You don't get the entire block if you solve one here.   This is not a solo pool.

[minergain.com]

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

I doubled my miners in October and again in November.  Granted I am still tiny compared to most with only 8 S9's now, but I must admit that with the lower blocks and BTC prices since I upgraded, it has been painful to see my electric bill climb without out the return to help cover those increased costs.  That said, I continue to hang here with Kano since the pool is expertly managed by a seasoned pro, everyone shares their knowledge and insights, and I left in the first place because I wanted the opportunity to see the high monthly rewards that often appear with a smaller pool. 

I am confident that we will see several more amazing months arrive soon (and I predict we will see 3 blocks before the end of the year).  Once the luck turns, those who continue to Mine On with Kano will surely be pleased with HUGE payouts per block due to our our lower pool hash rate.  Plus when the pool hoppers come back, we will reap the short term benefits of being fully ramped up (of course the newcomers will get their reward for the effort they put in as well).  Obviously these are tricky times (as they have been in the past as I understand).  So everyone needs to determine their level of risk and do what makes sense.

Merry Christmas, Happy New Year and Mine On with Kano!

[Hannu]

That's the PPLNS advantage, slow to ramp up, slow to ramp down...

yep! I am getting at least something! I think I have been offline for a month now

I have technical problems about AntMiner   Offline since fall.

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

3700 dollars is big profit/24h 

You don't get the entire block if you solve one here.   This is not a solo pool.

Ok, its my mistake  Sometimes look at pool interface (example block 0.031% solved) Even if im mining NOT SOLO. I understand, now im not stupid 

[NomadGroup]

If i don’t pay my bill by the end of this month, i won’t have electricity the next, If i don’t have electricity, I won’t have miners powered up to have them running for the next month when the luck “could be excellent”.

It seems to me that you are unable to account for variance. So when it was high, you were supposed to save that extra income (above 100%) for the time when its low (below 100%), and because of that you need somebody else to do it for you (the PPS pool). Of course you are losing more in fees to that pool, and enter the risks associated with PPS pools...

Or, you did the mistake of spending the above 100% bonus immediately, a bonus you would have never received on PPS pools...


That said, over a given period of time (the longer the better) two identical asics mining in separate pools, one PPS and one PPLNS, the PPLNS one will earn (a little bit) more, even if you keep "grasshopper hoping" with the PPS asic or try to "game the luck".

If your mining operation is failing because the costs in America are now too high, you have other decisions to make rather than blame the pool or the luck: Either move to another country or shutdown (or buy a town powerplant, like Bitmain did), etc.

It seems to me that you haven’t realized that I’m not in this pool and just haven’t read everything that we talked about careful enough.

I wasn’t here in September and was just saying that it would be impossible for me to point all of my miners here now, simply because I don’t have that much money to pay the electric company without getting paid myself.  Because of the ramp up time, even if the pool would be at 100% luck next month.

Thank you the awesome lesson!   I’m packing my bags to Venezuela!  

[NomadGroup]

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

I doubled my miners in October and again in November.  Granted I am still tiny compared to most with only 8 S9's now, but I must admit that with the lower blocks and BTC prices since I upgraded, it has been painful to see my electric bill climb without out the return to help cover those increased costs.  That said, I continue to hang here with Kano since the pool is expertly managed by a seasoned pro, everyone shares their knowledge and insights, and I left in the first place because I wanted the opportunity to see the high monthly rewards that often appear with a smaller pool. 

I am confident that we will see several more amazing months arrive soon (and I predict we will see 3 blocks before the end of the year).  Once the luck turns, those who continue to Mine On with Kano will surely be pleased with HUGE payouts per block due to our our lower pool hash rate.  Plus when the pool hoppers come back, we will reap the short term benefits of being fully ramped up (of course the newcomers will get their reward for the effort they put in as well).  Obviously these are tricky times (as they have been in the past as I understand).  So everyone needs to determine their level of risk and do what makes sense.

Merry Christmas, Happy New Year and Mine On with Kano!

You will definitely have a green streak sooner or later! Because it should even out to 100% in the end, how long will it take for that to happen, no one knows.  If I only had 8 S9’s I would probably too still be in this pool, just paying the electric bill from my pocket for now, knowing that I will get a return later.

How much you pay per kilowatt?  If not a secret?

[HagssFIN]

That's the PPLNS advantage, slow to ramp up, slow to ramp down...

yep! I am getting at least something! I think I have been offline for a month now

I have technical problems about AntMiner   Offline since fall.

The S5 you have is outdated already, just give it a rest. There is no point to use your time fixing it.

Yea i know, but bitcoin pool ASIC reward? 12.5 BTC... BTC hashing have been big digital industry. Biggest pools is on ASIA.

I've said this to you like hundred times. You don't have a chance to get 12.5btc unless you are solo mining.

Do you understand the concept of solo mining ?

3700 dollars is big profit/24h 

You don't get the entire block if you solve one here.   This is not a solo pool.

Ok, its my mistake  Sometimes look at pool interface (example block 0.031% solved) Even if im mining NOT SOLO. I understand, now im not stupid 

Well it took you a pretty long time to figure it out.

[minergain.com]

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

I doubled my miners in October and again in November.  Granted I am still tiny compared to most with only 8 S9's now, but I must admit that with the lower blocks and BTC prices since I upgraded, it has been painful to see my electric bill climb without out the return to help cover those increased costs.  That said, I continue to hang here with Kano since the pool is expertly managed by a seasoned pro, everyone shares their knowledge and insights, and I left in the first place because I wanted the opportunity to see the high monthly rewards that often appear with a smaller pool. 

I am confident that we will see several more amazing months arrive soon (and I predict we will see 3 blocks before the end of the year).  Once the luck turns, those who continue to Mine On with Kano will surely be pleased with HUGE payouts per block due to our our lower pool hash rate.  Plus when the pool hoppers come back, we will reap the short term benefits of being fully ramped up (of course the newcomers will get their reward for the effort they put in as well).  Obviously these are tricky times (as they have been in the past as I understand).  So everyone needs to determine their level of risk and do what makes sense.

Merry Christmas, Happy New Year and Mine On with Kano!

You will definitely have a green streak sooner or later! Because it should even out to 100% in the end, how long will it take for that to happen, no one knows.  If I only had 8 S9’s I would probably too still be in this pool, just paying the electric bill from my pocket for now, knowing that I will get a return later.

How much you pay per kilowatt?  If not a secret?

Normally it is .1204 in the summer in .1054 in the winter.  I just finished working with power company and they agreed to "control" my miners and cut the price to .0936 in summer and .0696 in winter.  My geothermal has been on that program for years, and I expect that they will probably cut my miner's power for about 8 hours or less each month of Dec / Jan / Feb and similar in July / August / Sept.

[MoparMiningLLC]

I think, for some, they simply look at what each pool can offer them for the month - not always looking at long term. I will use this snapshot as an example - wish that minergain went a full year back though to show a more thorough comparison, but for this example the past 2 months should work.




so in the example I will use 71 th/s (about average for 5 S9's) for the past 2 months, even with the increased payout due to smaller pool - I do realize that due to the ramping down of those that left that the payout would have been higher had they been fully ramped down - but for this example, this still works - with Kano finding 13 blocks, the reward would be $380 with Kano while it would have been $681 with slush and $755 with BTC

for some - that is all that matters - the monthly pay. My guess is because they often reinvest the profits to get more miners.

for the 3 months I mined with Kano, I used 5 S9's - I also had placed 5 S9's on 3 other larger pools. The net variance between the 4 different pools was very very minimal. So, yes the luck usually eventually even it all out. You may just need deep pockets to hold you over till it does, if you were not here when it was really good.

[minergain.com]

I think, for some, they simply look at what each pool can offer them for the month - not always looking at long term. I will use this snapshot as an example - wish that minergain went a full year back though to show a more thorough comparison, but for this example the past 2 months should work.




so in the example I will use 71 th/s (about average for 5 S9's) for the past 2 months, even with the increased payout due to smaller pool - I do realize that due to the ramping down of those that left that the payout would have been higher had they been fully ramped down - but for this example, this still works - with Kano finding 13 blocks, the reward would be $380 with Kano while it would have been $681 with slush and $755 with BTC

for some - that is all that matters - the monthly pay. My guess is because they often reinvest the profits to get more miners.

for the 3 months I mined with Kano, I used 5 S9's - I also had placed 5 S9's on 3 other larger pools. The net variance between the 4 different pools was very very minimal. So, yes the luck usually eventually even it all out. You may just need deep pockets to hold you over till it does, if you were not here when it was really good.

I updated this so you can input your months now (be aware a max of 100 records are displayed so many months will not work well on daily report).  Unfortunately I do not have viabtc stats older than a few months yet.  I do have slush since they began and several years of Kano.

Yes, it is important to look at everything long term.  The amazing thing to me is that since we are just "rolling dice", it is possible that even with this lower hash rate (which is climbing thankfully) we could get 3 blocks in the next hour - or even 15.  Granted it is not likely but possible.  If that were to happen, the numbers would instantly change to a very different story.

[MoparMiningLLC]

I updated this so you can input your months now (be aware a max of 100 records are displayed so many months will not work well on daily report).  Unfortunately I do not have viabtc stats older than a few months yet.  I do have slush since they began and several years of Kano.

Yes, it is important to look at everything long term.  The amazing thing to me is that since we are just "rolling dice", it is possible that even with this lower hash rate (which is climbing thankfully) we could get 3 blocks in the next hour - or even 15.  Granted it is not likely but possible.  If that were to happen, the numbers would instantly change to a very different story.

nice! thanks for the addition! Even with viabtc not going back as many months - the comparison for Slush vs Kano shows that even with past 12 months that the variance is only in the $300 range.



I ran it back for 24 months and the variance was only about $1200. I was surprised to see that no matter the time range I use that kano was actually a lower net payout, but not by a huge variance.

[minergain.com]

I ran it back for 24 months and the variance was only about $1200. I was surprised to see that no matter the time range I use that kano was actually a lower net payout, but not by a huge variance.

I was surprised since the Kano YTD on the home page was always higher than slush.  But I see that right now it is lower.  With the two soft months in a row on Kano, that drops the values down.  When we find a block, the Week, Month, quarter and YTD will probably be over slush again since we get paid hundreds (or thousands) of times more per miner Th. 

[MoparMiningLLC]

I was surprised since the Kano YTD on the home page was always higher than slush.  But I see that right now it is lower.  With the two soft months in a row on Kano, that drops the values down.  When we find a block, the Week, Month, quarter and YTD will probably be over slush again since we get paid hundreds (or thousands) of times more per miner Th. 

agreed.

[NomadGroup]

I guess since the hash rate drop from the large guy leaving, and others who want less variance, some others have left also.

I guess people prefer higher fees, fake information, and less reliable service.
None of which I've done here

The "100 Luck%" shows luck drifting around, between 93% and 107%, (on 100 blocks) so that's actually all quite as expected.
Alas, pool size decides how long the good and bad luck lasts, and even at 200PH, some miners still don't get it

I doubled my miners in October and again in November.  Granted I am still tiny compared to most with only 8 S9's now, but I must admit that with the lower blocks and BTC prices since I upgraded, it has been painful to see my electric bill climb without out the return to help cover those increased costs.  That said, I continue to hang here with Kano since the pool is expertly managed by a seasoned pro, everyone shares their knowledge and insights, and I left in the first place because I wanted the opportunity to see the high monthly rewards that often appear with a smaller pool. 

I am confident that we will see several more amazing months arrive soon (and I predict we will see 3 blocks before the end of the year).  Once the luck turns, those who continue to Mine On with Kano will surely be pleased with HUGE payouts per block due to our our lower pool hash rate.  Plus when the pool hoppers come back, we will reap the short term benefits of being fully ramped up (of course the newcomers will get their reward for the effort they put in as well).  Obviously these are tricky times (as they have been in the past as I understand).  So everyone needs to determine their level of risk and do what makes sense.

Merry Christmas, Happy New Year and Mine On with Kano!

You will definitely have a green streak sooner or later! Because it should even out to 100% in the end, how long will it take for that to happen, no one knows.  If I only had 8 S9’s I would probably too still be in this pool, just paying the electric bill from my pocket for now, knowing that I will get a return later.

How much you pay per kilowatt?  If not a secret?

Normally it is .1204 in the summer in .1054 in the winter.  I just finished working with power company and they agreed to "control" my miners and cut the price to .0936 in summer and .0696 in winter.  My geothermal has been on that program for years, and I expect that they will probably cut my miner's power for about 8 hours or less each month of Dec / Jan / Feb and similar in July / August / Sept.

Yeah, 10-12 cents sounds about right for the U.S and of course isn’t acceptable to mine with at the moment.  The 7 cents that they offered you for the winter isn’t bad at all!  Although even at that price you will probably have to struggle with your bill. 

I was thinking of buying some of the insilicone 47th/2100w miners, which seem to be about the only ones that can still make a profit but I’ve never purchased from them before and not sure that they even have them in stock. 

  Have you or anyone in this pool ever bought anything from these guys?

[minergain.com]

I was surprised since the Kano YTD on the home page was always higher than slush.  But I see that right now it is lower.  With the two soft months in a row on Kano, that drops the values down.  When we find a block, the Week, Month, quarter and YTD will probably be over slush again since we get paid hundreds (or thousands) of times more per miner Th. 

agreed.

I just checked how I calculate the adjusted numbers since know I had a bug where the slush blocks were being stored without the 2% fees.  This also impacts the home page CDT values a little bit...  I just made a change to force the pool fee every few minutes if any are not set - and I discovered that this function was not including the pool fees at all..  I also was doing the dollar value based on full price before the fees. 

After the adjustments, it makes them even closer.  Sorry for the undocumented features...

[minergain.com]

Yeah, 10-12 cents sounds about right for the U.S and of course isn’t acceptable to mine with at the moment.  The 7 cents that they offered you for the winter isn’t bad at all!  Although even at that price you will probably have to struggle with your bill. 

I was thinking of buying some of the insilicone 47th/2100w miners, which seem to be about the only ones that can still make a profit but I’ve never purchased from them before and not sure that they even have them in stock. 

  Have you or anyone in this pool ever bought anything from these guys?

Yes, even at 7 cents, I am losing money - but I am using it for heat so that helps offset it in my mind a little.  I have not bought from insillicon but it appears that this is pre-order.  It also seems that they are from China, so if you are in the US, be prepared to pay 27% above the $2,279 price.  By the time March arrives, the BTC price may continue to decline or difficulty may go crazy again, so it may take years to get your purchase price covered beyond the power.  Also, there is a slim chance that they may never deliver a quality product (or any), so be prepared to throw your BTC away.

Most of the people on this forum usually wait until someone has actually received a unit and tested it out.  Of course someone needs to be that person, so if it is you, please share your findings!

[Steamtyme]

As far as Inno is concerned they've missed the last 2 product launches if I'm not mistaken. This is going back to October when the t2t+ should have been shipped.

I'll dig a little more in my emails but I did have a back and forth going for a bit until they stopped responding, about the same time they sent a mass email that showed all recipients and the price drop.