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

[MEARK]

Okay great thanks guys for the responses. So would you say kano pays better than pools like antpool, slushpool, and f2pool on average with just one S9?

Yes, two reasons.
Kano shares the transaction fees received when a block is mined as well as the 12.5 bitcoins . This results in blocks with values between 12.5 to 16.5 bitcoins.
Secondly Kano charges a smaller fee, .9%, on the miners earnings.
All of the large pools keep the transaction fees. Slush and Kano, both medium sized pools, share the transaction fees with their miners. Some smaller pools share transaction fees, some don't.

The only pseudo drawback to Kano is that it sometimes goes a day or almost two without hitting a block. That can be discouraging if you are a newbie. Kano also splits the payouts so they are about 20% of value earned divvied up over 5 payments. This is done to smooth out payments even if the input of blocks is very irregular. It means you will receive smaller more numerous payouts untill you have been mining for about 4 or 5 days. After that ramp up time you will receive numerous full payouts. My current payout with two S9s is a bit over .005 per payout. What varies is the number of these payouts I see per day. If averages hold that would mean I will receive .013 bitcoin or better per day for 2 S9s.
I added the second S9 less than a month ago so I can not give you hard figures yet.

Kano pool requires a bit more patience due to the 20% payout system and its some what irregular block find timing. I would strongly recommend committing to Kano pool for no less than 2 weeks and then you will see for yourself how much more you are receiving compared to other pools.

edited to correct error in transaction fee value. dzimmerm

I did a lot of research before buying a used S7 and getting into mining... Kano seemed to be the best pool for fees, I liked the "medium size" vs. joining a mega pool like Antpool... and quite frankly, this discussion board has been really helpful and interesting as I get further into the business.  Seems like a nice community that celebrates blocks, congratulates new block finders (no such luck for me yet!) and respectfully answers rookie questions (thanks Overcon, for the explanation last week)

Now I need to figure out where/how to do remote hosting and how to expand my mining fleet without paying a zillion dollars for equipment on Ebay. 

mine on!

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[dzimmerm56]

I did a lot of research before buying a used S7 and getting into mining... Kano seemed to be the best pool for fees, I liked the "medium size" vs. joining a mega pool like Antpool... and quite frankly, this discussion board has been really helpful and interesting as I get further into the business.  Seems like a nice community that celebrates blocks, congratulates new block finders (no such luck for me yet!) and respectfully answers rookie questions (thanks Overcon, for the explanation last week)

Now I need to figure out where/how to do remote hosting and how to expand my mining fleet without paying a zillion dollars for equipment on Ebay. 

mine on!

Meark,

I started mining with a little dinky antminer U3  that cost about $25. Bitcoin was valued at $237 at that time. I ran the antminer off my main computer and I think I used bgminer software. I seem to recall using Elgius pool and several others to try out the concept. 

After I confirmed you really could get bitcoin dust out of such things I looked around and settled on bitmain's S7. The S7 and associated bitmain power supply cost me 2.133 bitcoin. The cost in dollars was $720 (1.649BTC) for the S7 , $140 (0.321 BTC) for the APW3 power supply, and .163 bitcoin for fedex. Bitmain only accepted bitcoin for purchases of antminers.  After that I used the bitcoin produced by the S7 to purchase a S7LN, then used the bitcoin produced by those to purchase a second then a third S7LN. The S9 was purchased by bitcoin produced by the 4 miners plus the rapid rise in bitcoin value. I then purchased 2 power supplies and waited until I had enough bitcoin to purchase a second S9. I do not run the S7s at this time due to it being summer and I am already paying heavily for keeping the house air conditioned. I may use them when it gets cold in the fall, but mainly to purchase more S9s. The goal is to supplement my retirement income so I can retire at 62 in 2018.  10 S9s would make a healthy income for a frugal family. Planning will need to be done if "Mr Fusion" is not available in the next year or two. 10 S9s would use 15000 watts of power, which at 220 volts is about 68.2 amps. That is doable with house wiring capable of 200 amp, which most are.

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm

[MEARK]

[/quote]

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm
[/quote]

Thanks, that is basically my strategy as well.  I live in Maine so the electricity is actually cheap (compared to other parts of the country, not as cheap as WA though) and eventually we will get into cold weather which should help keep the miners happy.  I hope to expand the number of machines with proceeds from the S7, and the only reasonable S9 prices seem to be direct from Bitmain but then you're waiting 10-12 weeks for the next batch to come out.  I refuse to spend a $1000 premium just to order from someone on Ebay that is waiting themselves for a pre-ordered machine they don't even have in their hands yet!

We have a hosting company in ME that quoted me almost $450/mo for 2 miners.  I laughed.  I can continue to foot the home electric bill but the noise is more than I expected... the wife keeps asking me who left the vacuum running all day when we get home from work at night!

This is how I picture my "miner" at home working all day and night while I am at the office.  I too am trying to pad the nest for retirement!

https://vignette2.wikia.nocookie.net/muppet/images/3/33/Doozers-observed.jpg/revision/latest?cb=20090606212323

[firetreeactual]

In case you have noticed my initial investment was under $1000. Investment after that was me paying for electricity out of my day job so the more rare bitcoin could be kept to purchase more miners. Bitmain also is a bit slow on production, doubtless because they are using most of their product for themselves on their farm. You have to check Bitmain's website often to get a chance to purchase a S9.

Hope this info was helpful in some way.

dzimmerm
[/quote]

Thanks, that is basically my strategy as well.  I live in Maine so the electricity is actually cheap (compared to other parts of the country, not as cheap as WA though) and eventually we will get into cold weather which should help keep the miners happy.  I hope to expand the number of machines with proceeds from the S7, and the only reasonable S9 prices seem to be direct from Bitmain but then you're waiting 10-12 weeks for the next batch to come out.  I refuse to spend a $1000 premium just to order from someone on Ebay that is waiting themselves for a pre-ordered machine they don't even have in their hands yet!

We have a hosting company in ME that quoted me almost $450/mo for 2 miners.  I laughed.  I can continue to foot the home electric bill but the noise is more than I expected... the wife keeps asking me who left the vacuum running all day when we get home from work at night!

This is how I picture my "miner" at home working all day and night while I am at the office.  I too am trying to pad the nest for retirement!




[/quote]
I've been mining since "the beginning," when you could mine easily with a laptop...and a bunch of BTC would get you a beer at the local pub. All my machines have been paid for by previous earnings, plus I've been able to draw when needed in USD (truck repairs, etc.). My end game is the same as yours, however...long term security...except I'm already retired.

My own view, however, is that I'm staying with Avalon from now on. I've run S2, S3, S5, and S7 machines. They're OK. I never ordered an S9, but instead began using A6's...then moved to 721s and 741s. They seem to run cooler, a bit quieter (not a lot, though), and are less electron-hungry. I also like the separate controller aspect, which gives me a lot more flexibility and reliability (ie., if an RPi fails, you're looking at maybe $50 USD...rather than the BM route if a controller fries). The other aspect is my preference for Canaan's way of doing business, but that's another discussion, I guess.

FWIW...I run two 741s at home (that's all the amps I've got)...but I have a large bath, and put the rack in there next to the window, where the miners get a 20in box fan blowing on them (and the PSUs and line conditioners), and exhausting out the window. I close the pocket door to the bath almost all the way, and the noise is then tolerable through the flat...unless you're in the bathroom, of course... 

Mine on...

[clgrissom3]

Block by cobramining!

This is our 2nd of BLOCK MONDAY!

[firetreeactual]

This just showed up on my Core...can anyone shed a light on just what it means? I've never seen it before.



EDIT: Didn't take long to find it's probably encountering a Segwit block? Consensus says no worries? Tru dat? It's a full node, BTW.

[matscol]

Would it be super quick and easy to add pool N hashrate and user N hashrate to the api in addition to the 5m and 1h that are already there?

ETA: even if it's just a snapshot as of the time of the last pool block, doesn't need to be real-time during shifts

[philipma1957]

This just showed up on my Core...can anyone shed a light on just what it means? I've never seen it before.



EDIT: Didn't take long to find it's probably encountering a Segwit block? Consensus says no worries? Tru dat? It's a full node, BTW.

I have it on my mac 0.14.2  core

are you running linux, mac or windows version of 0.14.2 core

[firetreeactual]

This just showed up on my Core...can anyone shed a light on just what it means? I've never seen it before.



EDIT: Didn't take long to find it's probably encountering a Segwit block? Consensus says no worries? Tru dat? It's a full node, BTW.

I have it on my mac 0.14.2  core

are you running linux, mac or windows version of 0.14.2 core

0.14.2 on Ubuntu 16.04LTS. I guess it's a "normal" msg...but sure could be worded better.

[kano]

Block! by mikese

[clgrissom3]

Block! by mikese

This just barely missed being our 3rd of Monday and is our 1st of BLOCK TUESDAY!

[philipma1957]

Block! by mikese

This just barely missed being our 3rd of Monday and is our 1st of BLOCK TUESDAY!

I like to see your name pools/kano when I open the  website up to mining  It means a block  3 out of 5 or mabe 4 out of 5 times when I see it

[kano]

This just showed up on my Core...can anyone shed a light on just what it means? I've never seen it before.

https://i.imgur.com/T7WsLE2.jpg

EDIT: Didn't take long to find it's probably encountering a Segwit block? Consensus says no worries? Tru dat? It's a full node, BTW.

I have it on my mac 0.14.2  core

are you running linux, mac or windows version of 0.14.2 core

0.14.2 on Ubuntu 16.04LTS. I guess it's a "normal" msg...but sure could be worded better.

It'll probably be the 0x20000010 block version
That message is actually not new, it's in the debug.log file all the time, but it would seem they have added it recently to the GUI?

0.13.1 debug.log says - on the NYA node (not to be confused with /NYA/ ) - for our block:
2017-07-18 00:01:08.009736 UpdateTip: new best=000000000000000000713bff454f5314a55096c00660081a68ed845c9dc8c450 height=476291 version=0x20000000 log2_work=86.77675 tx=239973053 date='2017-07-18 00:01:03' progress=1.000000 cache=88.9MiB(35345tx) warning='66 of last 100 blocks have unexpected version'

[kano]

Block! by mikese

This just barely missed being our 3rd of Monday and is our 1st of BLOCK TUESDAY!

I like to see your name pools/kano when I open the  website up to mining  It means a block  3 out of 5 or mabe 4 out of 5 times when I see it

[firetreeactual]

Thanks for the illumination on the Core msg, Kano. Appreciated. 

[kano]

Would it be super quick and easy to add pool N hashrate and user N hashrate to the api in addition to the 5m and 1h that are already there?

ETA: even if it's just a snapshot as of the time of the last pool block, doesn't need to be real-time during shifts

It would have to be a snapshot as at the last block since calculating that at any time is slow.
I'll add it to the TODO list - since yeah I'm rather busy at the moment

--

FYI (for anyone) I am actually still running in parallel the backup server, switched to the old code, while running the new code on the live server.
This way each time I process payouts I can compare the payout data and make sure it is EXACTLY the same on both.
If the payouts are the same, then all the share, shift and reward processing required to generate the payouts must also be the same, or good enough to produce exactly the same payouts, which is all that matters
This has been the case will all the new blocks since my DB code update.

[matscol]

Would it be super quick and easy to add pool N hashrate and user N hashrate to the api in addition to the 5m and 1h that are already there?

ETA: even if it's just a snapshot as of the time of the last pool block, doesn't need to be real-time during shifts

It would have to be a snapshot as at the last block since calculating that at any time is slow.
I'll add it to the TODO list - since yeah I'm rather busy at the moment

--

FYI (for anyone) I am actually still running in parallel the backup server, switched to the old code, while running the new code on the live server.
This way each time I process payouts I can compare the payout data and make sure it is EXACTLY the same on both.
If the payouts are the same, then all the share, shift and reward processing required to generate the payouts must also be the same, or good enough to produce exactly the same payouts, which is all that matters
This has been the case will all the new blocks since my DB code update.

great, thanks

[clgrissom3]

Block by cobramining!

This is our 2nd of BLOCK TUESDAY!

[kano]

Block by cobramining!

This is our 2nd of BLOCK TUESDAY!

... and a payout

[wmabern]

Block by cobramining!

This is our 2nd of BLOCK TUESDAY!

I'm liking the most recent block frequency / luck! Let's get ahead of that damn "Expected!  

COMEONBLOCKSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  

Roll 'em up, Roll 'em out!