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

[AriesIV10]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this?? 

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

[1713539787]

1713539787

[1713539787]

1713539787

[1713539787]

1713539787

[1713539787]

1713539787

[1713539787]

1713539787

[1713539787]

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[MikeWazowski]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this?? 

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

[AriesIV10]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this?? 

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

I have been using this wallet for a few of my accounts of all sizes of constant payments over the years with no problems. 

[MikeWazowski]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this??  

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

I have been using this wallet for a few of my accounts of all sizes of constant payments over the years with no problems.  

For example, if you received 20 $1 deposits into your wallet and then went to spend $15, it would require 15 inputs of $1 each. Each input increases the data requirements of your transaction and therefore the fees required to spend the funds. If you received 2 $10 deposits into your wallet instead, it would only require 2 inputs to spend your funds and would therefore be much cheaper.
Note that due to the rising costs of bitcoin mining fees, it may cost more to include an input than the value of the input itself. For example, if you received a $0.10 deposit into your wallet, but it costs $0.25 to include that deposit in an outgoing spend, then the $0.10 deposit becomes un-spendable since it costs too much to include in an outgoing transaction.
Users experiencing large fees have usually received many small deposits into their wallet of usually less than a few US dollars worth. This is common with some mining pool payouts. We suggesting switching to a service that aggregates transactions into a single large transaction that encompasses a longer period of time.

How does the kano mining pool avoid this? because we get paid in small amounts more frequently? is there a wallet or a way of totalling up my rewards/payments in my kano profile and then just make one payment at the end of the month to my wallet instead of the small $ automatic payments happening? can this be done? what are the rest of you guys doing, as I'm sure you have all experienced this? unless it's just me  

[beltsniffer]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this?? 

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

First rule, if you don't control you private keys then someone else has control of your coins. Online wallets can and have been hacked.
If you can't use bitcoin core, because of the space requirements then try Electrum.

Second, when consolidating many small amounts in 1 larger one then you will pay fees. No way around it. But if you pick a time when the network is slower and the mempool is small, you can get you consolidation through for less. I try to not let my smaller amounts build up to more than 10 or 15 mining rewards before consolidating. You can check the current recommended transactions fee per byte here https://bitcoinfees.21.co/

[MikeWazowski]

Hi guys,

so ive been using exodus as my deposit address. i just logged in and got a pop up saying that i will be paying huge fees if i continue to deposit small amounts.

What wallet can i use to prevent this? or can i change my minimum payout amount in my kano profile?

Anyone else experienced the same situation?

Thanks for the help

Only use Bitcoin Core.

i need 150 gb free space on my harddrive for this?? 

why bitcoin core?
is there no other wallet?

Can someone please help me out here.. Exodus pretty much saying im going to be paying $39 in transaction fees.

what wallet can i use to prevent this?

A very secure wallet with ease of use is Airbitz.  They also have great customer service.

does it solve the problem of no or low deposit transaction fees regarding many small constant payments when we get paid for a block maturing?

First rule, if you don't control you private keys then someone else has control of your coins. Online wallets can and have been hacked.
If you can't use bitcoin core, because of the space requirements then try Electrum.

Second, when consolidating many small amounts in 1 larger one then you will pay fees. No way around it. But if you pick a time when the network is slower and the mempool is small, you can get you consolidation through for less. I try to not let my smaller amounts build up to more than 10 or 15 mining rewards before consolidating. You can check the current recommended transactions fee per byte here https://bitcoinfees.21.co/

ok, so bitcoin core is the way to go because it is the most secure? - does it have lower fees too?
So, how do you go about building your mining rewards up to about 10-15 on your profile before consolidating one larger payment to your wallet address?

[kano]

People ... smaller posts please ... rather than a page full of long posts of the same thing over and over and over and over

[NotFuzzyWarm]

<monster snip>
ok, so bitcoin core is the way to go because it is the most secure? - does it have lower fees too?
So, how do you go about building your mining rewards up to about 10-15 on your profile before consolidating one larger payment to your wallet address?

The amount of the fees needed to ensure a speedy tx does not change.
Not talking about the mining rewards collecting on Kano itself to be paid out later, they are talking about letting many reward payments collect in a wallet before moving them en-mass to be consolidated into another one. eg I sweep my reward payment wallet into a holding wallet once a month.

[beltsniffer]

ok, so bitcoin core is the way to go because it is the most secure? - does it have lower fees too?
So, how do you go about building your mining rewards up to about 10-15 on your profile before consolidating one larger payment to your wallet address?

Electrum is secure. It just is only a wallet.
You cannot, as yet, build up your mining rewards in your Kano.is user account. I send my mining rewards to one btc address, when they get to be 10-15 rewards I send them to a second address. I let those build up to about 1 btc or so, and then I send them to a different address or to coinbase or cex.io to sell.

[MikeWazowski]

ok, so bitcoin core is the way to go because it is the most secure? - does it have lower fees too?
So, how do you go about building your mining rewards up to about 10-15 on your profile before consolidating one larger payment to your wallet address?

Electrum is secure. It just is only a wallet.
You cannot, as yet, build up your mining rewards in your Kano.is user account. I send my mining rewards to one btc address, when they get to be 10-15 rewards I send them to a second address. I let those build up to about 1 btc or so, and then I send them to a different address or to coinbase or cex.io to sell.

oh okay, i see now. this was really informative, thanks to all for the help guys.  
so i should just stick with sending my mining rewards to my exodus wallet then?

p.s. apologies for all the long posts Kano. my bad  still very new to this and to the bitcoin forum. but learning (and enjoying it here)

[beltsniffer]

oh okay, i see now. this was really informative, thanks to all for the help guys.  
so i should just stick with sending my mining rewards to my exodus wallet then?

p.s. apologies for all the long posts Kano. my bad  still very new to this and to the bitcoin forum. but learning (and enjoying it here)

I don't know anything about exodus. But as long as you control your keys, then yes.
The biggest thing to keeping transaction fees low, is the timing of your transaction. Check the site I mentioned previously and gauge when you get can get a smaller transaction fee. Right now you could get one through fairly quickly with 15-25 sats/byte if you had done it yesterday when we were hitting the blocks with lots of mining fees you would have had to put out 200-250 sats/byte to get it through quickly.

[kano]

oh okay, i see now. this was really informative, thanks to all for the help guys.  
so i should just stick with sending my mining rewards to my exodus wallet then?

p.s. apologies for all the long posts Kano. my bad  still very new to this and to the bitcoin forum. but learning (and enjoying it here)

I don't know anything about exodus. But as long as you control your keys, then yes.
The biggest thing to keeping transaction fees low, is the timing of your transaction. Check the site I mentioned previously and gauge when you get can get a smaller transaction fee. Right now you could get one through fairly quickly with 15-25 sats/byte if you had done it yesterday when we were hitting the blocks with lots of mining fees you would have had to put out 200-250 sats/byte to get it through quickly.

Yeah the easiest way to get some idea of it, is to go to any of the block listing sites and see the fees on the last 10-50 blocks.
It it's averaging 13.5+ then yaw up for some higher fees if you need to transact.
If it's averaging anything above 14+ then your out of luck and will need to pay very high fees.

[kano]

Anyone connected to the main stratum.kano.is there was a failover of miners at 07:59 UTC
Since that's 2 servers, it affected about 10% of miners - that's why the hash rate dipped down 10PH for a few minutes.
All OK now, and the 1 minute rate is already back up over 100PH so all ok again.

[kano]

Block! by jimmy
(that was a 17 second network block)
Edit: and a payout

[NomadGroup]

Block! by jimmy
(that was a 17 second network block)

Niceee!  That sweet ding ding sound woke me up from the app . I can go back to sleep now. . Hey Kano we are almost at 100PH!!! Looks like I’m going to be opening a bottle of champagne this weekend instead of Chivas! Hehe

[Sosoft]

S9 on Bitmain went up in price.

[kano]

S9 on Bitmain went up in price.

Well, they're already in the hundreds of millions of $ a year mark - maybe they're now chasing the billion $ mark
P.S. these numbers aren't an exaggeration.

[rwubbels]

Cool!!
https://image.ibb.co/ef2iD6/kon100.jpg

[DarKSm0ke]

That's a lot of money!!  
But yes they made crazy income with miner sales this year, so not a surprise.
And I am pretty sure they have a nice stash of BTC from mining and past sales hidden somewhere. With the BTC price increase this should be worth a fortune now!

[overcon]

SHIT! They are accepting BTC and Litecoin for these. I guess my email chewing them out for the stupid BCC worked.