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Author Topic: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈  (Read 4952893 times)
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Dr0n3
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November 10, 2017, 05:39:33 PM
 #30521

I'm going to ask a noob question here as I can't really find a solid answer. I've referenced the site whattomine to check profitability of mining different algo's/equipment/etc, but I am questioning the accuracy of it's estimations. For example, if you were to put in the specs of an S9 and check current profitability at the current difficulty it has BTC as the 6th most profitable SHA256 algo. Obviously these results fluctuate constantly due to many factors and the filters you select, but it just doesn't feel like an accurate estimation is being portrayed.

Over the past month or so that I've been mining and looking at the site its show than mining via NiceHash was almost always more profitable than mining BTC. I mined on NiceHash for about a week and if I compare my BTC per TH/day to what the forum members reported as their average at Kano pool over the last 3 months (when luck was pretty bad for the pool) mining with at Kano was much more profitable, by something like 30% even with the run of bad luck/difficult blocks.

I guess my question is how much trust should one put into a site like whattomine and how do you truly calculate what the most profitable use of your mining power is? Currently the site is showing BCH as being $0.45 per TH/day more profitable to mine than BTC, but it also says NiceHash is $0.25 per TH/day more profitable than BTC which I know is a fallacy.

If someone can chime in with some more information or point me towards some resources that can provide me better/more accurate info/estimations it would be greatly appreciated and likely useful to more people than just myself.
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November 10, 2017, 05:40:41 PM
 #30522

Is there any chance of adding merged-mining to this?
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November 10, 2017, 05:48:43 PM
 #30523

I'm going to ask a noob question here as I can't really find a solid answer. I've referenced the site whattomine to check profitability of mining different algo's/equipment/etc, but I am questioning the accuracy of it's estimations. For example, if you were to put in the specs of an S9 and check current profitability at the current difficulty it has BTC as the 6th most profitable SHA256 algo. Obviously these results fluctuate constantly due to many factors and the filters you select, but it just doesn't feel like an accurate estimation is being portrayed.

Over the past month or so that I've been mining and looking at the site its show than mining via NiceHash was almost always more profitable than mining BTC. I mined on NiceHash for about a week and if I compare my BTC per TH/day to what the forum members reported as their average at Kano pool over the last 3 months (when luck was pretty bad for the pool) mining with at Kano was much more profitable, by something like 30% even with the run of bad luck/difficult blocks.

I guess my question is how much trust should one put into a site like whattomine and how do you truly calculate what the most profitable use of your mining power is? Currently the site is showing BCH as being $0.45 per TH/day more profitable to mine than BTC, but it also says NiceHash is $0.25 per TH/day more profitable than BTC which I know is a fallacy.

If someone can chime in with some more information or point me towards some resources that can provide me better/more accurate info/estimations it would be greatly appreciated and likely useful to more people than just myself.

All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site. 

M

I'm X-Fueled.  Are you? 
Tip for NiceHash: use their wallet to decrease fees!  Check out Helium!  Referral for Cryptopia.
VRobb
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November 10, 2017, 06:17:38 PM
 #30524

Is there any chance of adding merged-mining to this?

Never

I don't believe in superstition because it's bad luck
In Hotels, I prefer the 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), & S9-13.5
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November 10, 2017, 06:25:13 PM
 #30525

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.
what fork?
The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

-Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats http://bit.ly/1Qjt6lj
-For bitcoin to succeed the community must police itself.
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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November 10, 2017, 06:41:08 PM
 #30526

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.
what fork?
The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

Ok, didn't know if there was some new fork besides the cancelled NYA fork.
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November 10, 2017, 06:49:40 PM
 #30527


All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site.  

M

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

I guess my other question is when do we know when BCH is more profitable to mine than BTC, I know we can use calculators, but a calculator is not the same thing as real world results. I know some pools have setup to auto-switch between the most profitable, I like this idea if executed properly. Anyone have any input on this or mind sharing their game plan as BCH is climbing in value VERY quickly...


Ok, didn't know if there was some new fork besides the cancelled NYA fork.

You're talking about the same fork, NYA fork is/was referred to as B2X
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November 10, 2017, 09:10:16 PM
 #30528

Even if I wanted to get another miner right now Imma wait till the fork, that way I get more of the new alt currency, then convert it to BCH (which I despise) and purchase. Sell the alt to recover some of the lost BTC for purchasing the new miner.
what fork?
The BX2 hard fork due on the 23rd which those behind it have now said is canceled. Seems to be score 1 for the Good Guys but only after the 23rd will it be fact.

Ah OK even better! I didn't realize it was canceled.

Donate BTC to: 1PXBBTLqXQnT9qAyWsc51XGj2GUt4WW57x
beltsniffer
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November 10, 2017, 09:40:09 PM
 #30529

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

I guess my other question is when do we know when BCH is more profitable to mine than BTC, I know we can use calculators, but a calculator is not the same thing as real world results. I know some pools have setup to auto-switch between the most profitable, I like this idea if executed properly. Anyone have any input on this or mind sharing their game plan as BCH is climbing in value VERY quickly...
You have decide for yourself which is the most profitable to mine. As with a lot of alts, it is not that hard to game the system to manipulate price. So you need to decide what coin value will be when you go to dispose of it. Not just what the value of it is at the moment.

I think most of the people in this pool would be of the opinion that the other sha256 coins are scams that aren't worth bothering with. BCH, beyond being able to buy another miner with it from bitemain, has no proven long term value.
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November 10, 2017, 09:58:39 PM
 #30530


I think most of the people in this pool would be of the opinion that the other sha256 coins are scams that aren't worth bothering with. BCH, beyond being able to buy another miner with it from bitemain, has no proven long term value.


Its a funny desperate attempt by Bitmain to give BCH the appearance of having value. If it works it will truly count as a great scam we are all watching unfold in front of our eyes.
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November 10, 2017, 11:36:34 PM
 #30531

Quite a bit of profit taking going on this Friday. Traditionally Friday is the day the bitcoin price swoops low. Usually it is back up to a high value come Wednesday or Thursday, but there is really no hard and fast rule, just more of a trend that I keep seeing.

As to altcoins and their profitability.
If an altcoin has very low volume of trade or production then its difficulty will tend to drop. As its difficulty drops the ability to mine a whole lot of them starts to rise. The high profitability seen on a lot of altcoins is a bit of a phantom effect. If you start to mine the coin, then you will affect its difficulty if its volume is low to non existent. 

There is a similar issue when you go to sell the 10k or so of altcoins you were able to mine over the weekend. Once you start selling them you notice the price offered starts to drop. You are in effect flooding the market. Your 10K of altcoin formerly valued at $30.00 is now only worth about $10.00. 

So the thing to look for is the volume of transactions on the altcoin that shows up as having a high profitability.
Low or nonexistent volume means you are unlikely to get the value advertised. High volume coins are much more likely to maintain whatever profitability they are showing.

All in all, it is usually more profitable to mine bitcoin and to mine it on kano's pool.
You might get lucky, but more likely you will end up with a bunch of altcoins that aren't worth the electricity you paid to create them.

1&2/3s S9s,1  A741,1 S7LN, full bitcoin node
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November 11, 2017, 12:15:52 AM
 #30532


All I can suggest is run a comparison yourself.  If you have an even # of miners, point half here and half there, and after a month, compare the results.  The important thing is to test for at least a month, otherwise variance will skew the numbers.  Even then, it may still skew it.

I would not go by what's stated here in the pool by members.  Who knows if their calculations are accurate?  Furthermore, I wouldn't go by any 3rd party site.  

M

FWIW I ran on NiceHash for the first week of November and they were paying in the range of .00018 - .000185 per TH/day throughout that time.

...
Nicehash lies on their web site.

As I've mentioned before, during October, myself and another person (to our, and everyone elses misfortune) used nicehash to push the hash rate up, to get past those 2 long blocks.
During that time I never paid more than 101% PPS on the market, so the miners were getting 98% PPS - of course I had to pay nicehash 104% PPS ... yeah people don't see those obscured extra costs/losses ...
During that time, mining anywhere with 100% luck, would get you over 107% PPS before fees.

As for what the pool gets, well it doesn't matter what anyone states, just look at the web site - it will tell you block ranges and months.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
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November 11, 2017, 03:25:07 AM
 #30533

I’m ready for another block!  Anyone else?  Grin

And Kano, thanks for the early payout!  Wink
dzimmerm56
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November 11, 2017, 08:49:54 AM
 #30534

I’m ready for another block!  Anyone else?  Grin

And Kano, thanks for the early payout!  Wink

Indeed yes!

Just remember with our lower hash rate variance is going to be higher.
The rewards when they happen, are very nice though.

1&2/3s S9s,1  A741,1 S7LN, full bitcoin node
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November 11, 2017, 04:59:36 PM
 #30535

I’m ready for another block!  Anyone else?  Grin

And Kano, thanks for the early payout!  Wink

Indeed yes!

Just remember with our lower hash rate variance is going to be higher.
The rewards when they happen, are very nice though.


It’s all good partner! 

With the payouts as fat as the last 9 we can handle a wait time of a 100 hours once in a while!  Grin
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November 11, 2017, 07:00:42 PM
 #30536

Wowzers...my Core full node is running 124 connections...highest I've noticed.

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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November 11, 2017, 07:19:29 PM
 #30537

What the hell is going on with bitcoin cash? A lot of smoke and mirrors to pull that off. Just a mirage though.

For those about to block we salute you! AC->BTC
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November 11, 2017, 07:38:06 PM
 #30538

What the hell is going on with bitcoin cash? A lot of smoke and mirrors to pull that off. Just a mirage though.

Agreed.  Roger V & others are promoting their a$$ off and Bitmain is laughing their recent BCH-only sales right to the bank.

It's been very funny seeing the articles written in the mainstream media about "BTC slump & BCH rally" with almost no real WHYS being answered besides 2x being called off = there are none!

Also, very interesting to see the BCH trade volume is ~37% coming from Korea.  Pump n dump coming sooooon

Block #456099 @ Slush.  Now mining @ Kano
5 - S9     8 - D3     2 - L3+
9 - 8x 1070     6 - 8x 1060     7 - 8x RX580     1 - 7x RX480     1 - 6x RX470
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November 11, 2017, 08:01:12 PM
 #30539

Hopefully we end up cracking a block soon even with jihad trying to force the flippering and almost 50% hash rate taken off btc. 

and with the high tx fees to even try and get a transaction to confirm in any reasonable amount of time seems to be makeing some huge juicy size block pay outs.   

Just seen a block slush got that was freaking 21.67950116 BTC block reward and lots of other 16+ btc blocks getting hit today.    

We could use a few big fat giant payouts.
rifleman74
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November 11, 2017, 08:29:44 PM
 #30540

Hopefully we end up cracking a block soon even with jihad trying to force the flippering and almost 50% hash rate taken off btc. 

and with the high tx fees to even try and get a transaction to confirm in any reasonable amount of time seems to be makeing some huge juicy size block pay outs.   

Just seen a block slush got that was freaking 21.67950116 BTC block reward and lots of other 16+ btc blocks getting hit today.    

We could use a few big fat giant payouts.


Yep, that 21 block is still processing almost an hour later.  Have a few machines on slush right now and am enjoying what I'm seeing.   Kano's blocks haven't been over 16 yet.
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