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

[chingli5]

Thank you, Kano.  You are doing a great job and I look forward to the enhanced site with the new code sometime in 2018. Hopefully this will be a good mining year.  Happy New Year to all

[MattMell]

So does a diff increase hurt any more or less for a low hash rig vs a high hash rig? At first I thought it would hurt less if I had a bunch of machines. But the more I think about it, it would probably hurt the same?

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:

BTC earn = (B*H*N*S) / (D*2^32)
B - Reward per block (say 12.5 BTC) This is where we WIN with kano as we get paid out transaction fees and its getting more important
H - Hashrate per second (1 Th = 1 000 000 000 000)
N - Number of days in month (say 30)
S - Number of seconds in day ( 24*60*60 = 86400)
D - Difficulty

From above you can see, for a 3.11% difficulty increase D will change to (1+3.11%)*D which means on the other side => (BTC earn)/(1+3.11%)
So everyones BTC earn goes down by the same % no matter the hashing power.

Another question was: If the price (USD) rises with the same same % (3.11%) over the difficulty change interval will the payout stay the same.
Yes.
USD earn = (BTC/USD price)*(BTC earn) , now if difficulty go up 3.11% and USD/BTC go up 3.11% :
USD earn = (1.0311)*(BTC/USD price)* (BTC earn)/1.0311 => back to USD earn as 1.0311 cancel.

Just some thoughts -
Even though the general feeling is that we dont want Bitmain to have a monopoly and need more competition this is maybe not always good for us miners. Competition may/should push the cost of equipment down BUT more players will push more Hashing power into the network. One company should have some limit to their production capacity that will limit the flow of hashing power into the network.(i hope, you never know with the chinese)

Also, to raise the Network 13.5 Eh/s (say that is the total BTC network hashing power) by 10% requires 1.35EH/s THAT IS many many S9s (1000 000)

We need to secretly love Bitcoin cash and hope it stays profitable to mine. It pulls alot of the SHA-256 hashing power out of Bitcoin.

Ok, more than I wanted to add.

[mdude77]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

[MattMell]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

Good point.

[kano]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

Well to be exact, blocks from hell are expected the same on every pool - but the larger the pool, the quicker they pass

[Tnaa97]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

We need a recruitment effort. IMHO...

[fjtropepe]

We need a group buy on renting some hashing power. I haven't really sat down and mathematically drawn it up on paper yet by the hypothesis is: Wouldn't it be cheaper if 20-30 miners rented additional hashing power instead of buying new equipment. Obviously, being able to effectively manage something like that would be one thing but the management issue aside, pooled resources always have a cheaper cost to the end user (not necessarily an overall savings).

[Waztim]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

We need a recruitment effort. IMHO...

Agreed, it would be nice to increase Hash at twice the Diff increase. I personally am going to buy the new Canaan A8 miners when they come out this month. All will be pointed at KANO. If each miner in the Pool would add 10% mining capacity..... we are there.

[AerialGopher]

Increase in difficulty hurts everyone on the network and the same % for all hashing power. The mining calculator for monthly(30 day) BTC earn at H hasing power:
[...]

Well said.

The only part that I'd add is the pool has to grow at least as fast as difficulty does, else variance will get worse.  Ideally faster to reduce the likelihood of blocks from hell.

M

We need a recruitment effort. IMHO...

Agreed, it would be nice to increase Hash at twice the Diff increase. I personally am going to buy the new Canaan A8 miners when they come out this month. All will be pointed at KANO. If each miner in the Pool would add 10% mining capacity..... we are there.

I'd be interested if users on this pool had priority on the sales even if the supply is short?  Knudge knudge wink wink....  I'll find a way to power and cool them.  I'll even upgrade to a 200 amp service at my house if I have to. I'll even heat the neighbors houses for free in the winter! If they can stand the noise  haha

[MattMell]

Have anyone seen a block lying around ?

[kano]

Well we seem to be staying close to or even over the 30PHs mark a lot lately so I updated the thread title to match!
Mine on!

[luxMiner]

Hi Kano,

if i understood correctly, payments for blocks 501739 and 501835 are both still pending, right?

I get it that for 501835, we need the next block in order to confirm it ourselves.

It appears, however, that 502739 has been OK'ed for some people, or am I mistaken?

[luxMiner]

finally made it onto the 1st page of the pool stats...
got another +/- 100 THs spread across pools for variance, but i'm gradually moving them over to kano...

let's goooooo!!

[kano]

Hi Kano,

if i understood correctly, payments for blocks 501739 and 501835 are both still pending, right?

I get it that for 501835, we need the next block in order to confirm it ourselves.

It appears, however, that 502739 has been OK'ed for some people, or am I mistaken?

Nope, 501739 was not mature when we found the last block 501835
501835 - 501739 = 96 which is less than 100
Yep we got 501835 too soon

[moharni]

Hi All,

I have mined with KanoPool and my total rewards is 0.00505560 however, I have not received it yet. Dose anyone know why?

I supposed to receive it on this address
https://www.blocktrail.com/BTC/address/3Dir7NDwBcN1izhugeZiHED3cwEVmrkSLa

Thank you

[Waztim]

Hi All,

I have mined with KanoPool and my total rewards is 0.00505560 however, I have not received it yet. Dose anyone know why?

I supposed to receive it on this address
https://www.blocktrail.com/BTC/address/3Dir7NDwBcN1izhugeZiHED3cwEVmrkSLa

Thank you

When the Pool finds the next block, you will have your rewards show up in your wallet. Until then, hold on and MINE ON!!!

[kano]

Hi All,

I have mined with KanoPool and my total rewards is 0.00505560 however, I have not received it yet. Dose anyone know why?

I supposed to receive it on this address
https://www.blocktrail.com/BTC/address/3Dir7NDwBcN1izhugeZiHED3cwEVmrkSLa

Thank you

See these two posts on the previous page:
https://bitcointalk.org/index.php?topic=789369.msg27320657#msg27320657
https://bitcointalk.org/index.php?topic=789369.msg27318543#msg27318543

[mdude77]

Agreed, it would be nice to increase Hash at twice the Diff increase. I personally am going to buy the new Canaan A8 miners when they come out this month. All will be pointed at KANO. If each miner in the Pool would add 10% mining capacity..... we are there.

I'm curious how you're so certain you'll be able to nab a few?  From what I read they are going to be in extremely short supply.

I can probably take two, and then I'm at max power.

M

[kano]

Agreed, it would be nice to increase Hash at twice the Diff increase. I personally am going to buy the new Canaan A8 miners when they come out this month. All will be pointed at KANO. If each miner in the Pool would add 10% mining capacity..... we are there.

I'm curious how you're so certain you'll be able to nab a few?  From what I read they are going to be in extremely short supply.

I can probably take two, and then I'm at max power.

M

Well I vaguely remember seeing discussions about buying, that have mentioned restrictions on the number you could buy.
So, if that happens with the A8s, that will give a chance for a lot of people to get a small number of miners each.
Though, I can't remember where I saw that ... ... ...

[mdude77]

Agreed, it would be nice to increase Hash at twice the Diff increase. I personally am going to buy the new Canaan A8 miners when they come out this month. All will be pointed at KANO. If each miner in the Pool would add 10% mining capacity..... we are there.

I'm curious how you're so certain you'll be able to nab a few?  From what I read they are going to be in extremely short supply.

I can probably take two, and then I'm at max power.

M

Well I vaguely remember seeing discussions about buying, that have mentioned restrictions on the number you could buy.
So, if that happens with the A8s, that will give a chance for a lot of people to get a small number of miners each.
Though, I can't remember where I saw that ... ... ...

I've seen lots of emails from Steve @ Caanan, however they appear to be directed to resellers and large buyers.  Since they don't sell directly to the US anymore, I was figuring I'd have to buy through their reseller here, and I haven't seen anything indicating when the reseller will have them available.

M