KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[Biodom]

I like high fees and all, but kano's payment scheme is currently sub-optimal for people with 100Th or less.
Too many smallish payments and consolidation is darned expensive even when attempting lower sat/byte.

Was anyone able (in the last two-three days) to do a transaction with less than 100sat/byte?
Thanks

[HerbPean]

I like high fees and all, but kano's payment scheme is currently sub-optimal for people with 100Th or less.
Too many smallish payments and consolidation is darned expensive even when attempting lower sat/byte.

Was anyone able (in the last two-three days) to do a transaction with less than 100sat/byte?
Thanks

Yeah indeed, I had to pay massive amount of fees to move my BTC. I used like 121-125 and it's taking forever (more then 24 hours)

Check https://bitcoinfees.21.co/ ...

[clgrissom3]

Block by moecarrimNEW!  This is our 1st of BLOCK FRIDAY!

EDIT:  Haha, I got a little ahead of myself!  This is our 1st of BLOCK THURSDAY! 

[-EOS-]

16.80293040   NICE!

[wmabern]

Block by moecarrimNEW!  This is our 1st of BLOCK FRIDAY!

Block Thursday here. But I guess that depends on where you are.

[firetreeactual]

I like high fees and all, but kano's payment scheme is currently sub-optimal for people with 100Th or less.
Too many smallish payments and consolidation is darned expensive even when attempting lower sat/byte.

Was anyone able (in the last two-three days) to do a transaction with less than 100sat/byte?
Thanks

Yeah indeed, I had to pay massive amount of fees to move my BTC. I used like 121-125 and it's taking forever (more then 24 hours)

Check https://bitcoinfees.21.co/ ...

Mine to your Core, not to an exchange wallet. Then you don't have ANY fees to "consolidate," because you don't need to consolidate...or transfer, unless you're selling BTC or purchasing with it. I run a full node, and use only the "normal" suggested fee that shows in Core when you send...right now, around .00267/kb...and I've not had a tx take more than two hours to confirm in several months. Dunno if that's helpful. We've had EXTENSIVE discussions on that issue.  EDIT: I run ~24TH.

[clgrissom3]

Block by moecarrimNEW!  This is our 1st of BLOCK FRIDAY!

Block Thursday here. But I guess that depends on where you are.

Yep, it's Block Thursday...my bad

[wmabern]

Block by moecarrimNEW!  This is our 1st of BLOCK FRIDAY!

Block Thursday here. But I guess that depends on where you are.

Yep, it's Block Thursday...my bad

No prob. It's Block Friday somewhere! 

[Apprentice]

...Mine are running in a 15-17 deg C room temp...

And you still have a positive ROI?  
We keep our building @ 24-26C.

I do not pay for electricity!

[xuy]

Then get T9, which is more reliable than S9, breaking even takes longer and it won't break down easily.
Just curious, do you have unlimited free electricity

...Mine are running in a 15-17 deg C room temp...

And you still have a positive ROI?  
We keep our building @ 24-26C.

I do not pay for electricity!

[HannRa]

...Mine are running in a 15-17 deg C room temp...

And you still have a positive ROI?  
We keep our building @ 24-26C.

I do not pay for electricity!

Lucker...

In some areas in UAE and Kuwait, permanent residents, born in country are eligible for free electricity for a lifetime.
This is what happens if you have 50 MegaWatt solar farms everywhere, but not enough citizens to put it in use

Import tariffs are an issue though...

[Biodom]

I like high fees and all, but kano's payment scheme is currently sub-optimal for people with 100Th or less.
Too many smallish payments and consolidation is darned expensive even when attempting lower sat/byte.

Was anyone able (in the last two-three days) to do a transaction with less than 100sat/byte?
Thanks

Yeah indeed, I had to pay massive amount of fees to move my BTC. I used like 121-125 and it's taking forever (more then 24 hours)

Check https://bitcoinfees.21.co/ ...

Mine to your Core, not to an exchange wallet. Then you don't have ANY fees to "consolidate," because you don't need to consolidate...or transfer, unless you're selling BTC or purchasing with it. I run a full node, and use only the "normal" suggested fee that shows in Core when you send...right now, around .00267/kb...and I've not had a tx take more than two hours to confirm in several months. Dunno if that's helpful. We've had EXTENSIVE discussions on that issue.  EDIT: I run ~24TH.

I don't see how it can possibly work to your benefit. Wouldn't a large "combined" transaction (from several inputs) have higher byte count anyway?
Besides...if you are sending 0.00267/kb, it IS a a very high fee tx in my book.
24Th will get you only 0.0057-0.0059 btc per payout from kano, but you are paying 0.000496 in fees (per 176 kano's bytes).
Essentially, you are paying 8.4-8.7% of your earnings in fees, unless my math is wrong somehow.

Re that this topis was discussed here. Yes it was, but nothing changed, despite the fact that something was in the works months ago.
Combining at least daily outputs makes sense to me, especially now that we have 3 or even more blocks a day.

[philipma1957]

It is becoming an issue for me as I am running out of coinbase coins.  I sold a lot of them.

Coinbase was charging  0.0004 since the size in bytes was always small.

They moved as high as  0.000875

But my mining wallet right now has  

 0.64905btc

mostly kano tx ids.    for me to move this I would spend more then .01 for a faster move

that is 23 bucks.

that is also off the top of my head.

https://blockchain.info/address/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

this last move I did was on 5/9/2017

so 54 deposits made from 5/9/2017 to  5/25/2017  most are kano  37 of them  and they average about .0044  so of the 0.64905 earned only 0.1628 was kano.is

at 270 sats a byte  it is about 0.0006 x 37 =

0.0226773  to move 0.1628

and to move the other .4862 is say  0.0006 x 15 = 0.00900000  grand total to move it all is 0.03167730

Since I don't move until I get to 1 btc  my fees will be over 0.042 if I pay 270 sats  about 0.028 will be kano's

I know you can say  put more gear here it won't be as bad. 2 blocks a day is 0.0012 in fees at 270 sats.

I try to pay 120 sats and use viabtc.com until it takes. Since it is 1 time per month it is not too bad. 

My 2 cents on the fee issue.

[elduderino]

It is becoming an issue for me as I am running out of coinbase coins.  I sold a lot of them.

[snip]

My 2 cents on the fee issue.

Thanks for this info. I was wondering if anyone else was running into this issue as I'm a pretty small-time miner myself. I'm hoping my recent upgrades will help, but I suspect it will be an ongoing issue...   

[usernamehere]

I see there's a big banner for Kano.is Pool on the forum!

[bronder]

I see there's a big banner for Kano.is Pool on the forum!

https://i.imgur.com/sOxd0l4.png

I actually don't recall how I found out about kano pool. It must have been thru some article about someone running a good pool.

[bronder]

I have some spare servers available on a nice datacenter with replication already set up. I see that some here run full nodes. What are the benefits for the network of me running a full node? what are the benefits for me of running a full node? Where could I learn more about this without clogging this forum?

[usernamehere]

I see there's a big banner for Kano.is Pool on the forum!

I actually don't recall how I found out about kano pool. It must have been thru some article about someone running a good pool.

When searching for the "best pool" I kept coming across bitcointalk posts about how kano.is is the best pool. So I decided to try it out and haven't left!

[vh]

I like high fees and all, but kano's payment scheme is currently sub-optimal for people with 100Th or less.
Too many smallish payments and consolidation is darned expensive even when attempting lower sat/byte.

Was anyone able (in the last two-three days) to do a transaction with less than 100sat/byte?
Thanks

Yeah indeed, I had to pay massive amount of fees to move my BTC. I used like 121-125 and it's taking forever (more then 24 hours)

Check https://bitcoinfees.21.co/ ...

Mine to your Core, not to an exchange wallet. Then you don't have ANY fees to "consolidate," because you don't need to consolidate...or transfer, unless you're selling BTC or purchasing with it. I run a full node, and use only the "normal" suggested fee that shows in Core when you send...right now, around .00267/kb...and I've not had a tx take more than two hours to confirm in several months. Dunno if that's helpful. We've had EXTENSIVE discussions on that issue.  EDIT: I run ~24TH.

I don't see how it can possibly work to your benefit. Wouldn't a large "combined" transaction (from several inputs) have higher byte count anyway?
Besides...if you are sending 0.00267/kb, it IS a a very high fee tx in my book.
24Th will get you only 0.0057-0.0059 btc per payout from kano, but you are paying 0.000496 in fees (per 176 kano's bytes).
Essentially, you are paying 8.4-8.7% of your earnings in fees, unless my math is wrong somehow.

Re that this topis was discussed here. Yes it was, but nothing changed, despite the fact that something was in the works months ago.
Combining at least daily outputs makes sense to me, especially now that we have 3 or even more blocks a day.

I routed my payments over to a MRR address a little earlier this year for some misc experiments.   I haven't audited it because my kano payments are getting close to dust recently so I don't actually know (or stress about) if I've lose some or half of them.   Anyways, I was surprised it's one fee to send to my bitcoind wallet from there, must have been a few hundred tiny ones at least directed that way to form a single logical output.   Much like coinbase?  (I don't have one of those.)

Not officially recommending it but something interesting to look at.   I trust it going directly to my wallet at any time over the risk in that convenience workaround.


(edit)
regarding best fees, use: https://jochen-hoenicke.de/queue/#2w

click on the range [120-140] on the left legend to drop the bottom half of the chart and get a better view.  

[delicin33]

Block… 1st of today