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

[kano]

Having network problems yet again with the SG node.
Miners on the SG node will have failed over to their backup node a couple of times by now ... still not resolved.

Seems to be OK again now (hasn't dropped anything for about 20 minutes)
Not sure what's up with Singapore ... has been quite unreliable over the past 30 hours.

[Vertflyer]

How amazing would his be? Is there a downside I haven’t considered?

https://www.chinamoneynetwork.com/2018/01/05/beijing-considers-policies-potentially-ban-bitcoin-mining-china

[rifleman74]

Turn'em up to 11 folks.

BLOCK BLOCK BLOCK BLOCK !

Why not make 10 the highest?

These go to 11

Someone got it...haha

[rifleman74]

How amazing would his be? Is there a downside I haven’t considered?

https://www.chinamoneynetwork.com/2018/01/05/beijing-considers-policies-potentially-ban-bitcoin-mining-china

Miners will just move outside China...not sure if they'd fine as cheap of electricity so the possibility of pools shrinking would be nice to see.

[overcon]

It's time for another block!

[MEARK]

It's time for another block!

https://profit-life.net/wp-content/uploads/2017/09/bitcoin.png

It must be the dreaded "Y2K18 curse"... still looking for our first block of the new year!!

[wavelengthsf]

Being on the wrong side of variance sucks - in poker tournaments and especially in Bitcoin mining!

Let's go block!

[Waztim]

Lets do this, Come On Block, two orders of Chicken Wings were sacrificed to the cause!! Mine On!!

[rifleman74]

a couple of racks of ribs will be sacrificed in the name of this upcoming block.  CRACK IT AND MINE IT!

[pattim]

Hi All - has anyone else noticed that the last couple of payouts for kano PPLNS do not seem to be confirming in Bitcoin Core v0.14.0 (64-bit)?  
This seems a little odd.

This is what I'm seeing for the last 2 payouts, in BC Core:
Status: 0/unconfirmed, in memory pool...  
Date: 12/31/17 18:34
From: unknown
...


Normally I would see something like this (from three payouts ago...):
Status: 1166 confirmations
Date: 12/30/17 08:02
From: unknown
...


EDIT:  This was answered on IRC.

[cryptotore]

How amazing would his be? Is there a downside I haven’t considered?

https://www.chinamoneynetwork.com/2018/01/05/beijing-considers-policies-potentially-ban-bitcoin-mining-china

I wonder if that wouldn't make coins value drop. If it does, it is bad for everyone.

Sure their electrical grid would sure appreciate it.

Meanwhile we got these Norwegian dudes claiming to be hosting 50% of Chinas hashrate sometime in 2018.
https://www.kryptovault.no/
http://www.cryptotech.no/

[kano]

Anyone?  

(The status on the pool itself for these two is "Matured.")

Hi All - has anyone else noticed that the last couple of payouts for kano PPLNS do not seem to be confirming in Bitcoin Core v0.14.0 (64-bit)?  
This seems a little odd.

This is what I'm seeing for the last 2 payouts, in BC Core:
Status: 0/unconfirmed, in memory pool...  
Date: 12/31/17 18:34
From: unknown
...


Normally I would see something like this (from three payouts ago...):
Status: 1166 confirmations
Date: 12/30/17 08:02
From: unknown
...

Yep they're unconfirmed.

That how bitcoin works.
You send out a transaction, then some time after that, they get confirmed.

Since our payout transaction pays over 1000 people, it's a pretty big transaction.
As it says on the Help->Payouts page, they will be confirmed in the next block we find.
or
https://bitcointalk.org/index.php?topic=789369.msg27320657#msg27320657

[pattim]

I just calculated, based on the global hashrate, that bitcoin mining uses between 0.1% (if all miners are S9's) and 1% (if a mix of newer and older hashers are in use) of all the electric energy generated by mankind.  That much energy would run some respectably-sized factories (or cities).  Maybe China wants to keep power directed toward industry?

Also, Jørgen Randers mentioned in 2014 that Norway owns something like 10% of all the stocks in the world (he says, "filthy-rich Norwegians").  That's what they did with their share of the North Sea Oil earnings.  It sort of makes sense that a couple of Norwegians would acquire so much mining hardware...

How amazing would his be? Is there a downside I haven’t considered?

https://www.chinamoneynetwork.com/2018/01/05/beijing-considers-policies-potentially-ban-bitcoin-mining-china

I wonder if that wouldn't make coins value drop. If it does, it is bad for everyone.

Sure their electrical grid would sure appreciate it.

Meanwhile we got these Norwegian dudes claiming to be hosting 50% of Chinas hashrate sometime in 2018.
https://www.kryptovault.no/
http://www.cryptotech.no/

[NotFuzzyWarm]

How amazing would his be? Is there a downside I haven’t considered?

https://www.chinamoneynetwork.com/2018/01/05/beijing-considers-policies-potentially-ban-bitcoin-mining-china

And to hopefully squash further speculation on this, reality check:
https://www.coindesk.com/report-pboc-quashes-rumor-it-would-shutter-chinas-bitcoin-mines/

Just as with the 'China bans exchanges' rumor last year some fool got hold of a piece of information, extrapolated its meaning to fit their biases or agenda, and then posted their speculation to that bane of civilized discussion and reason - Social Media. From there what started as a mild cough exploded into plague...

[Biodom]

I just calculated, based on the global hashrate, that bitcoin mining uses between 0.1% (if all miners are S9's) and 1% (if a mix of newer and older hashers are in use) of all the electric energy generated by mankind.  

maybe recheck your math?

I get the number for all electricity of 20.9 PWh (20.9X10^15)
hash rate is 16000000 Th/s, which is the equivalent of 1.185 mil S9 (boy, it's a lot).
That many S9 consume about 1.54Gwh (1.54X10^9)
1.54/20900000 [PW converted to Gw]=0.73X10^10-7

so, mining currently consumes less than 1/10000000 of all earth electricity or 0.00001%.
If being generous and assume that 50% comes from less productive macines, then 0.00002%

[pattim]

Well, I've been checking it - it's only an order-of-magnitude estimate - but I think this is right - can you spot me?

(in round numbers) The hash rate of the bitcoin network is around 14,000,000 terahashes per second.  

An S9 does about 14 terahashes per second and uses about 1,400 Watts of power.  (ignoring less efficient miners)

So that means the bitcoin network is using the hashing equivalent of about 1,000,000 of the S9 antminers. (assumes most-efficient case?)

So a million S9's use 1,400 million Watts of power, or 1.4 GigaWatts of power.  

The annual energy use for bitcoin is therefore (1.4 GigaWatts) * (8760 hours in a year) = 12,264 GigaWatt-hours or ~12 TeraWatt-hr of energy.

The total annual electric energy generated by humanity is about 24,000 TeraWatt-hours.  (wikipedia)

Thus bitcoin uses 0.05% of all electrical energy generated if only the most efficient miners are used.  
Allowing for inefficient miners, we'll say 0.1% - 1% of all electricity generated.  (to nearest order of magnitude)

I just calculated, based on the global hashrate, that bitcoin mining uses between 0.1% (if all miners are S9's) and 1% (if a mix of newer and older hashers are in use) of all the electric energy generated by mankind.  

maybe recheck your math?

I get the number for all electricity of 20.9 PWh (20.9X10^15)
hash rate is 16000000 Th/s, which is the equivalent of 1.185 mil S9 (boy, it's a lot).
That many S9 consume about 1.54Gwh (1.54X10^9)
1.54/20900000 [PW converted to Gw]=0.73X10^10-7

so, mining currently consumes less than 1/10000000 of all earth electricity or 0.00001%.
If being generous and assume that 50% comes from less productive macines, then 0.00002%

[Vertflyer]

Does ckpoolmonitor or any of the monitors email you when a block is found? I really want to stop polling the Kano site every 20 minutes to an hour. Is there any mechanism to push notify when blocks are found?

[kano]

Does ckpoolmonitor or any of the monitors email you when a block is found? I really want to stop polling the Kano site every 20 minutes to an hour. Is there any mechanism to push notify when blocks are found?

Well sending an email isn't much use for a phone app They alert you about blocks.
But the web one that Zach runs I think does.

[Rapidgator]

In your experience, does the reward make up for the long wait before a block is found? I currently average 0.002918071 per day with Slushpool with only one S9.

Yes, absolutely. I switched from Slush to Kano and I definitely see the difference. Slush is a fine pool, nothing wrong with it, but the fee is higher than Kano (2% vs .9% when he has it). The pool is much smaller, so the variance is higher, but the payouts are great when they come.

Thanks a bunch wavelengthsf. I'll give it a try for about a week or two and see how it goes. Hopefully great!!

same here !
i will update and pls do the same as soon as you get rewarded

[Biodom]

So a million S9's use 1,400 million Watts of power, or 1.4 GigaWatts of power.  


The total annual electric energy generated by humanity is about 24,000 TeraWatt-hours.  (wikipedia)

Final improved calc (I also made a mistake in original calc)

1.4 Gwh for miners
2.31 TWh (2310 Gwh) continuous average for Earth
see https://en.wikipedia.org/wiki/Electric_energy_consumption
1.4/2310=0.0006 or 0.06%
maybe if you count less efficient miners, the real number is 50% higher (although I doubt it because old miners like S7produce 3-4 times less than S9) to 0.1%

0.1% is max, with 0.07-0.075% being more realistic.

However, banks consume at least five times more energy:
https://www.bitsonline.com/bitcoin-vs-banks-uses-energy/