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[EncoreMining]

So I have forgot my sign in info and have tried too many times. How long till it resets?

[rifleman74]

I fear in the future bitcoin will become less and less.  As pools that keep transaction fees for themselves will keep getting more and more each time bitcoin is moved.  Eventually only a few will have any bitcoin.  IS it worth as much if only a few have it?  I know this is FAR FAR away, but something to think about.

Wait until the next halving in 2020...you'll see a big difference.   Increase the block size and keep the fees low...everyone wins (especially if BTC price is 1.5-2X current value).

It is all going to be relative. There will be many more miners and the computational power of the miners will increase tremendously as well.

Actually, if you think about it, the rewards are halved so the rewards will decrease and not be worth the mining.  I saw a documentary on this.  I cant recall all the details, and my head hurts from my cold..  but basically the amount of power required now to do this is worth mining it, eventually the rewards get halved and then the cost put into mining outweighs the gain.  This isn't any time soon.  It was very far away.  If I can find the video on you tube, i'll post it.

If the rewards are halved but the value doubles it is a wash (this is spec based on rifleman's theory on the price increase).

Correctamundo.  We'll just have newer/more powerful gear but the end result will be the same.  You'll see the transactions actually being higher than the actual block reward, if they get the block size correct.  More transactions, low fees, win/win for all.  

[firetreeactual]

I fear in the future bitcoin will become less and less.  As pools that keep transaction fees for themselves will keep getting more and more each time bitcoin is moved.  Eventually only a few will have any bitcoin.  IS it worth as much if only a few have it?  I know this is FAR FAR away, but something to think about.

Wait until the next halving in 2020...you'll see a big difference.   Increase the block size and keep the fees low...everyone wins (especially if BTC price is 1.5-2X current value).

It is all going to be relative. There will be many more miners and the computational power of the miners will increase tremendously as well.

Actually, if you think about it, the rewards are halved so the rewards will decrease and not be worth the mining.  I saw a documentary on this.  I cant recall all the details, and my head hurts from my cold..  but basically the amount of power required now to do this is worth mining it, eventually the rewards get halved and then the cost put into mining outweighs the gain.  This isn't any time soon.  It was very far away.  If I can find the video on you tube, i'll post it.

Lots of folks were saying the same thing about the last halving...and lots of folks were depressed about bitcoin going away then!

Don't pay attention to the "EXPERTS"

Just logged on and saw this exchange, and my first thought was the same, Sonny. This is the same brouhaha that went down at the last two halvings. BTC...and we...aren't going anywhere. My own biz plan includes projecting what I'll be doing when it's tx fees only. IMHO, there is a high likelihood that the net returns may not be that much less than today's, for various reasons.
 

[rifleman74]

I fear in the future bitcoin will become less and less.  As pools that keep transaction fees for themselves will keep getting more and more each time bitcoin is moved.  Eventually only a few will have any bitcoin.  IS it worth as much if only a few have it?  I know this is FAR FAR away, but something to think about.

Wait until the next halving in 2020...you'll see a big difference.   Increase the block size and keep the fees low...everyone wins (especially if BTC price is 1.5-2X current value).

It is all going to be relative. There will be many more miners and the computational power of the miners will increase tremendously as well.

Actually, if you think about it, the rewards are halved so the rewards will decrease and not be worth the mining.  I saw a documentary on this.  I cant recall all the details, and my head hurts from my cold..  but basically the amount of power required now to do this is worth mining it, eventually the rewards get halved and then the cost put into mining outweighs the gain.  This isn't any time soon.  It was very far away.  If I can find the video on you tube, i'll post it.

Lots of folks were saying the same thing about the last halving...and lots of folks were depressed about bitcoin going away then!

Don't pay attention to the "EXPERTS"

Just logged on and saw this exchange, and my first thought was the same, Sonny. This is the same brouhaha that went down at the last two halvings. BTC...and we...aren't going anywhere. My own biz plan includes projecting what I'll be doing when it's tx fees only. IMHO, there is a high likelihood that the net returns may not be that much less than today's, for various reasons.
 

Not too sure we'll be around when it's basically transaction fees.   

[kano]

So I have forgot my sign in info and have tried too many times. How long till it resets?

A while
Or PM me your IP and username

[bitmine0]

Hey fellow KanoMiners -

Question about my S7 not running like it used to. One of the boards keeps dying. When it does, and the hashrate drops by 1/3, I usually take it apart and give it a good blow and clean it. I restart it and the third board comes back. It usually isn't actually very dirty at all (this is running in a pretty clean, dry space.)

Any thoughts about what I can do here so the board doesn't continually die? I believe it is board number 2?

Thanks!

[HawkmasterUK]

NEWBIE QUESTION ALERT

Is there any benefit to filling in the Management Page details?
https://kano.is/index.php?k=workmgt

Thank you

[AerialGopher]

Hey fellow KanoMiners -

Question about my S7 not running like it used to. One of the boards keeps dying. When it does, and the hashrate drops by 1/3, I usually take it apart and give it a good blow and clean it. I restart it and the third board comes back. It usually isn't actually very dirty at all (this is running in a pretty clean, dry space.)

Any thoughts about what I can do here so the board doesn't continually die? I believe it is board number 2?

Thanks!

I had a funny issue with this on a brand new S9.  I upgraded the firmware and that fixed the problem.  Mine however was when the S9 started up, only 2 of the three red led's were on, on the hash boards.

Maybe just try re-write the firmware even if its the same version.

[Serenity01]

Hello Kano folks! New user here with questions:

So I've tried to read up and understand the 5nd payout system here, but I'm still confused by what I'm seeing in the Rewards chart:

Block   Block UTC   Miner Reward   N Diff   N Range   Pool N Avg   Your %   Your N Diff   Your N Avg   Your BTC
503342   9/Jan 13:06   17.49562099   9.672T   400hr 1m 5s   28.85PHs   0.05%   5.148G   15.35THs   0.00931291
503173   8/Jan 13:07   16.80480059   9.672T   402hr 52m 5s   28.64PHs   0.04%   4.330G   12.82THs   0.00752370
501835   31/Dec 04:29   13.87323470   9.375T   403hr 51m 34s   27.69PHs   0.00%   2.691M   7.95GHs   0.00000398
501739   30/Dec 15:02   18.89891105   9.369T   405hr 26m 11s   27.57PHs   0.00%   2.691M   7.92GHs   0.00000542
500907   25/Dec 00:25   16.01272351   9.379T   408hr 46m 16s   27.37PHs   0.00%   2.691M   7.85GHs   0.00000459
500622   23/Dec 01:54   22.67465393   9.370T   409hr 52m 47s   27.27PHs   0.00%   2.691M   7.83GHs   0.00000651
500096   19/Dec 08:02   16.86483522   9.379T   431hr 40m 3s   25.92PHs   0.00%   2.691M   7.44GHs   0.00000483
Total:      0.01686194


(the reward from Dec 19 is from when I first started setting up the miner to test on Kano before I promptly started on Slush, so I guess 5nd dust payments in Dec. Won't these dust rewards get lumped together with the next payments?)

I started to fully mine on Kano, pointing 40TH around ~70/190 hrs (Jan 3) into finding block 503173.

1) Why is my Avg at 12-15 TH/s? I thought it would be around 40 TH/s for the last block since I was mining for its entire duration?

2) Since I was fully involved from beginning to end for block 503342, why does it look like I only contributed/got rewarded a small part? Somehow I thought by the 2nd block the reward would be (the 2N reward from block #1) plus (the next full 1N reward included in the 2nd block), or roughly double of the reward of the first block? like, if 1st block reward is {1nA}, 2nd block is {2nA + 1nB}, then on 3rd block it would be {3nA + 2nB + 1nC}, etc. where the blocks are A, B, and C?

Not sure if I'm making much sense, but in other words:
I guess I was assuming since my 1st block reward was ~0.007, that if i didn't mine any of the 2nd block, I would still get ~0.007 in the next 4 blocks.
Since I contributed to the full 2nd block, I thought the next reward would be around ~0.007 for the 2nd block by itself, plus the remaining ~0.007 reward from the first block.


It will probably be more clear once I reach 5n, but I would really like to understand the exact math of it, as poor as my comprehension is on the subject. Can someone give some simple examples of the {Hash Rate avg} vs {Reward} vs {Block#}, given a constant user hashrate of say 40TH/s?

Thanks much for any insight!

[kano]

NEWBIE QUESTION ALERT

Is there any benefit to filling in the Management Page details?
https://kano.is/index.php?k=workmgt

Thank you

Mostly no.
The Diff you mine at is not expected to affect your rewards unless you set it WAY too high.

If you do set it WAY too high, then you are still expected to get the same reward but with higher variance.

The logic of how Diff works is like this:
Say I am mining at Diff 1,000 and I find 200 shares >= 1,000 thus reward is based on 200,000 Diff
If instead I was mining at Diff 10,000 you would expect there to be 20 shares (on average) in that 200 shares, that are >= 10,000 thus you'd expect your reward to be based on, again, 200,000 Diff

It's all 'expected' statistics and you absolutely cannot game it

So there's usually no point changing it unless you have an old miner that wont display diff properly - but even in that case it doesn't affect your expected reward - just the display on some of the old bitmain miners wasn't correct if you had an exact power of 2 for the mining diff - in that case you could set it in the Management Page to be a little higher.

[os2sam]

So I've tried to read up and understand the 5nd payout system here

It's a PPLNS payout system.  It just happens to use 5nd worth of shifts.

[kano]

Hello Kano folks! New user here with questions:
...
Block   Block UTC   Miner Reward   N Diff   N Range   Pool N Avg   Your %   Your N Diff   Your N Avg   Your BTC
503342   9/Jan 13:06   17.49562099   9.672T   400hr 1m 5s   28.85PHs   0.05%   5.148G   15.35THs   0.00931291
...
1) Why is my Avg at 12-15 TH/s? I thought it would be around 40 TH/s for the last block since I was mining for its entire duration?
...

Answering this should answer the whole message

The payout was for the last "N Diff" 9.672T Diff shares, around "N Range" 400hrs or about 16.6 days
It's 5Nd = 5 times the average expected time to find a block, not just the last block.
As it says on the Help->Payouts page, 5Nd is currently 9,655,682,272,438.5 = 9.656T Diff plus + a bit for the last shift included.

As your shift graph shows 3-Jan as you said, that's about 6 days of those 16.6 days of reward range for 503342 or about 40TH * 6 / 16 = 15 TH

Edit: and just in case you didn't spot the point why that works out OK, those 6 days of mining will probably be included in the next 10 days of blocks we find (if the pool hash rate doesn't change) so they get more of their expected reward in any blocks we find while they are still part of the 5Nd

[nazzer]

Not refreshing kano.is every hour seems to have paid off.

Also, in the past 2 blocks, it seems that Kano (not even fully ramped up) has paid more than the "other pool"

I've 3 new S9's sitting boxed, waiting to go to hosting ...

[Serenity01]

Hello Kano folks! New user here with questions:
...
Block   Block UTC   Miner Reward   N Diff   N Range   Pool N Avg   Your %   Your N Diff   Your N Avg   Your BTC
503342   9/Jan 13:06   17.49562099   9.672T   400hr 1m 5s   28.85PHs   0.05%   5.148G   15.35THs   0.00931291
...
1) Why is my Avg at 12-15 TH/s? I thought it would be around 40 TH/s for the last block since I was mining for its entire duration?
...

Answering this should answer the whole message

The payout was for the last "N Diff" 9.672T Diff shares, around "N Range" 400hrs or about 16.6 days
It's 5Nd = 5 times the average expected time to find a block, not just the last block.
As it says on the Help->Payouts page, 5Nd is currently 9,655,682,272,438.5 = 9.656T Diff plus + a bit for the last shift included.

As your shift graph shows 3-Jan as you said, that's about 6 days of those 16.6 days of reward range for 503342 or about 40TH * 6 / 16 = 15 TH

Edit: and just in case you didn't spot the point why that works out OK, those 6 days of mining will probably be included in the next 10 days of blocks we find (if the pool hash rate doesn't change) so they get more of their expected reward in any blocks we find while they are still part of the 5Nd

Thanks much for the explanation!

Somehow I read the Payout help page multiple times and other people's post on the topic but it never clicked before.

Sorry if I'm repeating what must've been asked before but it's hard to find the answers sometimes on the same long thread.

Theory-crafting-wise in knowledge beyond me, I was wondering to what extent it is a good or a bad or an irrelevant thing that network difficulty change time (~12-14 days) is less than the 5ND (15+ days)?

[kano]

...
Theory-crafting-wise in knowledge beyond me, I was wondering to what extent it is a good or a bad or an irrelevant thing that network difficulty change time (~12-14 days) is less than the 5ND (15+ days)?

It counts against the pool even at 30PH - anime God forbid we get much smaller than that - though we have been growing again since the Oct crash and burn ...
Though, it's not the 5ND that really matters, it's the size of the pool itself vs the network.
While we still get multiple blocks per diff change, it's not too much of an effect.

[brad2388]

Does it still hit enough blocks to stay here?
I know the pay is higher per block but if we dont hit but 10 a month is that better?

[Megaquake]

Does it still hit enough blocks to stay here?
I know the pay is higher per block but if we dont hit but 10 a month is that better?

Yes the pay still better than most, definitely better than the large pools.

[AerialGopher]

Does it still hit enough blocks to stay here?
I know the pay is higher per block but if we dont hit but 10 a month is that better?

Yes the pay still better than most, definitely better than the large pools.

Have you worked out what you are making per day for an S9 when it is fully ramped up and over several time periods?  I cannot do this because I am still in the ramp up process. I have worked out the payment and divided it by my N Average and figured out that number, but its not entirely accurate because there is a ramp down period that cant be equated.

[tmfnj]

Payment was sent, but hasn't been confirmed yet so it's in limbo at the moment.  Soon enough it'll get confirmed and you'll be able to use it.
Cheers, and Mine On!  

(and only kanosan is here, not the other guy....!)

Thanks for the quick response!  (And the heads up on only master Kano being here.) I’ll give it a few more days and see if it clears itself up.
I noticed that some other pools (like Slush) show a transaction history report for all past payouts.  I don’t see that level of detail on kanopool.  Am I just missing it?

Quick follow up on this... The payment was in limbo as you suggested.   It took a few tries but the transfer got to my account.
Every transfer since that first one has happened immediately without issue.
Thanks!

[Megaquake]

Does it still hit enough blocks to stay here?
I know the pay is higher per block but if we dont hit but 10 a month is that better?

Yes the pay still better than most, definitely better than the large pools.

Have you worked out what you are making per day for an S9 when it is fully ramped up and over several time periods?  I cannot do this because I am still in the ramp up process. I have worked out the payment and divided it by my N Average and figured out that number, but its not entirely accurate because there is a ramp down period that cant be equated.

I am still ramping up also with one s5 and one s9, the s5 has not bee mining long the s9 I started ~30 minutes after the block 456999 was found and my reward total is 0.00882909, my average 5nd rate between the last two blocks is ~7ths if I was ramped up fully my pay would have been pretty much double what I did earn.