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

[kano]

Avalon 821s are available at cryptouniverse for preorders, late jan early feb delivery. Get one! Mine on!

4000+ dollars.  

I refuse to pay that much for a miner. I'll stick with trying to get Antminers for 1450 or whatever they were last round.

I think the S9s were about twice that price last round ...

No, they were back down to normal at least when I checked yesterday. Well, they were 1450 I think not 1240 like they used to be. I had only seen them once really high. But lord knows I don't always see them for sale

Really? I hope you are not correct.

A person at BitmainWarranty, less than 2 weeks ago, offered to sell me 29, a few month old, S9 miners - I offered him a price over twice what you are saying Bitmain sells them for ...
He accepted the price, then reneged on it the next day saying he wanted more ...

If you are correct, then I would not suggest anyone ever go near BitmainWarranty ever again ...

[overcon]

Really? I hope you are not correct.

A person at BitmainWarranty, less than 2 weeks ago, offered to sell me 29, a few month old, S9 miners - I offered him a price over twice what you are saying Bitmain sells them for ...
He accepted the price, then reneged on it the next day saying he wanted more ...

If you are correct, then I would not suggest anyone ever go near BitmainWarranty ever again ...

They are insanely high on Ebay, maybe they thought they could get more? I dunno. I might have been looking at the wrong item. I just checked the site and it says:


Antminer S9-13.5TH/s
Shipping: March 1-10,2018
2320 USD    ( 0.16888080 BTC; 0.94561364 BCH; 9.88517011 LTC; )

So yeah, $1000 over old prices. But still, it's half what they want for the Avalon on that site. Crypto is always higher than Minerwarez, so I will wait and see what they offer them for. I might just stay at my hash rate if they are (in my mind) too costly and 4000 is too costly for my tastes.

[fjtropepe]

Really? I hope you are not correct.

A person at BitmainWarranty, less than 2 weeks ago, offered to sell me 29, a few month old, S9 miners - I offered him a price over twice what you are saying Bitmain sells them for ...
He accepted the price, then reneged on it the next day saying he wanted more ...

If you are correct, then I would not suggest anyone ever go near BitmainWarranty ever again ...

They are insanely high on Ebay, maybe they thought they could get more? I dunno. I might have been looking at the wrong item. I just checked the site and it says:


Antminer S9-13.5TH/s
Shipping: March 1-10,2018
2320 USD    ( 0.16888080 BTC; 0.94561364 BCH; 9.88517011 LTC; )

So yeah, $1000 over old prices. But still, it's half what they want for the Avalon on that site. Crypto is always higher than Minerwarez, so I will wait and see what they offer them for. I might just stay at my hash rate if they are (in my mind) too costly and 4000 is too costly for my tastes.

I am all about supporting Canaan but these prices have to come down some. 4k for a miner? Wonder what they are for the pallet purchase direct and how much of this is a markup by cryptouniverse.

[fjtropepe]

Avalon 821s are available at cryptouniverse for preorders, late jan early feb delivery. Get one! Mine on!

4000+ dollars.  

I refuse to pay that much for a miner. I'll stick with trying to get Antminers for 1450 or whatever they were last round.

I think the S9s were about twice that price last round ...

No, they were back down to normal at least when I checked yesterday. Well, they were 1450 I think not 1240 like they used to be. I had only seen them once really high. But lord knows I don't always see them for sale

Really? I hope you are not correct.

A person at BitmainWarranty, less than 2 weeks ago, offered to sell me 29, a few month old, S9 miners - I offered him a price over twice what you are saying Bitmain sells them for ...
He accepted the price, then reneged on it the next day saying he wanted more ...

If you are correct, then I would not suggest anyone ever go near BitmainWarranty ever again ...

Would have been better off throwing them on ebay. They are fetching a nice premium. I looked through the sold listings a few days ago. I couldn't believe my eyes.

[Sphere360]

I left for a few weeks, but I a here to stay! I added some more hashing power and should be all ramped up! Hopefully, the next block will give me a true idea of what to expect. Sorry for jumping ship too soon last month! I am going to do what Kano said and watch it over a few months!

[fjtropepe]

I left for a few weeks, but I a here to stay! I added some more hashing power and should be all ramped up! Hopefully, the next block will give me a true idea of what to expect. Sorry for jumping ship too soon last month! I am going to do what Kano said and watch it over a few months!

Welcome back.

[cucumi]

I have read in some posts that there is quite a bit of time wasted between when you point your miners to the Kano pool and when they actually begin mining. Is this true? If so why is that?

Nope - consider them false statements by whoever is making them, or someone with tiny miners complaining about pointing them at a normal pool.
You see your shares arriving on the workers page immediately - there's no delay showing shares arriving at the pool.

Of course if you point a tiny 2GHs miner at the pool it will take it, on average, 2hrs 16minutes to find it's first share ...

An S3 which is about 440GHs, would of course take, on average, about 37 seconds to find it's first share.
An S5 which is about 1100GHs, would take, on average, about 15 seconds to find it's first share.
An S7 which  is about 4800GHs, would take, on average, about 3.4 seconds to find it's first share.

The point of these numbers is that the starting diff is (currently) set at 4098.
It's set at that for a reason - it's easy to disrupt (or even effectively shut down) a pool that has a low starting diff or even allows a low diff when mining ... if you understand how that works - yes even antpool
I wont explain how to do it, but it is simple enough on any pool.

The settings I use here work fine with current hardware and previous generation hardware.
If you use older hardware it's a bit longer to find your first share, or if you use tiny USBs then you'll find they take a long while to find shares.

However, it's not wasted time, it's simply that shares are worth more at 4098 diff, than at 1 diff, of course, so you'll get them at a rate that is appropriate for your hardware.
Oddly enough, we don't reward a 2GHs miner the same as a 14THs miner

How about for s7?

[stickpony]

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

Kano, I am STILL waiting for my payments for blocks 501739 and 501835( both matured according to your stats ).... blocks 503173 have since matured, and 503342 has matured too.. i havent had any payouts yet. Ive double checked my wallet address, it is correct.

when are you paying out bro...

[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

Kano, I am STILL waiting for my payments for blocks 501739 and 501835( both matured according to your stats ).... blocks 503173 have since matured, and 503342 has matured too.. i havent had any payouts yet. Ive double checked my wallet address, it is correct.

when are you paying out bro...

All but 503342 have confirmed.
503342 txn is sent but not yet confirmed.

[kano]

I have read in some posts that there is quite a bit of time wasted between when you point your miners to the Kano pool and when they actually begin mining. Is this true? If so why is that?

Nope - consider them false statements by whoever is making them, or someone with tiny miners complaining about pointing them at a normal pool.
You see your shares arriving on the workers page immediately - there's no delay showing shares arriving at the pool.

Of course if you point a tiny 2GHs miner at the pool it will take it, on average, 2hrs 16minutes to find it's first share ...

An S3 which is about 440GHs, would of course take, on average, about 37 seconds to find it's first share.
An S5 which is about 1100GHs, would take, on average, about 15 seconds to find it's first share.
An S7 which  is about 4800GHs, would take, on average, about 3.4 seconds to find it's first share.

The point of these numbers is that the starting diff is (currently) set at 4098.
It's set at that for a reason - it's easy to disrupt (or even effectively shut down) a pool that has a low starting diff or even allows a low diff when mining ... if you understand how that works - yes even antpool
I wont explain how to do it, but it is simple enough on any pool.

The settings I use here work fine with current hardware and previous generation hardware.
If you use older hardware it's a bit longer to find your first share, or if you use tiny USBs then you'll find they take a long while to find shares.

However, it's not wasted time, it's simply that shares are worth more at 4098 diff, than at 1 diff, of course, so you'll get them at a rate that is appropriate for your hardware.
Oddly enough, we don't reward a 2GHs miner the same as a 14THs miner

How about for s7?

[firetreeactual]

I've been running three S7s at Labrador for months, at 4.5TH each, and they are doing just fine and definitely profitable.

[Sphere360]

I guess it depends where you live, but my 3 S7s and even my S7-LN are turning a nice profit. My electricity costs are .08/kw and then it goes down to .03/kw after the first 1000 kw are consumed. Looking forward to the next block to see what my total of 15 TH is going to bring. I know that's small time compared to some people, but we have to start somewhere!

[chuckyphresh]

Thank you Kano for everything you do! Got great payouts the past two months even though they were slow months. I'm adding more s9s this weekend and hopefully will crack the top 15 list. Can't wait to find a block of my own and make the acclaim list! MINE ON!

[MattMell]

They are insanely high on Ebay, maybe they thought they could get more? I dunno. I might have been looking at the wrong item. I just checked the site and it says:


Antminer S9-13.5TH/s
Shipping: March 1-10,2018
2320 USD    ( 0.16888080 BTC; 0.94561364 BCH; 9.88517011 LTC; )

So yeah, $1000 over old prices. But still, it's half what they want for the Avalon on that site. Crypto is always higher than Minerwarez, so I will wait and see what they offer them for. I might just stay at my hash rate if they are (in my mind) too costly and 4000 is too costly for my tastes.

Yes, miners are becoming quite expensive. If one mine with the intention to convert BTC to FIAT as the reward comes in then one may need to rethink the strategy.

We have to use some calculations to justify buying miners I suppose (or take a leap of faith). On my calcs and some scenario (which will be wrong):
With an average network diff increase of 5%-12% per 2016 blocks over the next year the cumulative BTC return after 12 months will be 0.01452 to 0.0251 BTC/1Th. (Excluding tx fee and pool cost)

A scenario: Say for 12 month period accumulate BTC reward :
12% diff increase avg. => total BTC=0.01452/Th ; BTC/$ 'double' to $29000 => Return $421/Th
Avalon821 at 11Th/s       => Return $4633 after 12 months.
Antminer S9 at 13.5Th/s => Return $5686 after 12 months.

A lot of ifs and maybes but not sure I will buy an Avalon821 at $4000 (excl. tax, shipping, running cost) if want to convert to FIAT within 12months.

[firetreeactual]

I guess it depends where you live, but my 3 S7s and even my S7-LN are turning a nice profit. My electricity costs are .08/kw and then it goes down to .03/kw after the first 1000 kw are consumed. Looking forward to the next block to see what my total of 15 TH is going to bring. I know that's small time compared to some people, but we have to start somewhere!

Indeed. It wasn't all that long ago (last Spring, I think) that 15TH was a goal. It's unfortunate that hardware prices are going through the roof along with spot. I'll be staying at my 43TH for a while, it seems.

[Waztim]

I was waiting for the Canaan A8's but at 4K a pop? Wow, that is hard to justify. Currently at 56TH/s with 4 S9's at 14TH/s each. I paid ~7.5K +/- for the miners (bought when they were $1,320 ea), power supplies and PDU's. To get the comparable hash with Canaan is ~23K +/- for the miners, power supplies and PDU's. I love the fact that Canaan is a competitor but WOW, paying 3 times the cost is very hard to justify for less hash rate. Did these miners use gold hashing boards?

Others thoughts?

[MattMell]

I was waiting for the Canaan A8's but at 4K a pop? Wow, that is hard to justify. Currently at 56TH/s with 4 S9's at 14TH/s each. I paid ~7.5K +/- for the miners (bought when they were $1,320 ea), power supplies and PDU's. To get the comparable hash with Canaan is ~23K +/- for the miners, power supplies and PDU's. I love the fact that Canaan is a competitor but WOW, paying 3 times the cost is very hard to justify for less hash rate. Did these miners use gold hashing boards?

Others thoughts?

Yes, Canaan cost is high. We will see how the demand is at that supply cost. I would buy the miner that has the best Hash/(equipment cost + running cost) AND best delivery time. Im only concerned with how much Hash power is added the network - who supplies it is irrelevant(though I like to hate Bitmain - I make friends that way ). Unfortunately more suppliers mean more capacity to create hash power :/

As a miner one only has to increase your mining hashrate at the same % as the network difficulty increase to hold current BTC reward. Not too difficult for most.

[rifleman74]

Yep, gotta keep up with the network increase if you want to stay in the game.  Most people exchanging for FIAT aren't doing that for the majority of their earnings.  HODL HODL HODL

[NCDiesel]

I was waiting for the Canaan A8's but at 4K a pop? Wow, that is hard to justify. Currently at 56TH/s with 4 S9's at 14TH/s each. I paid ~7.5K +/- for the miners (bought when they were $1,320 ea), power supplies and PDU's. To get the comparable hash with Canaan is ~23K +/- for the miners, power supplies and PDU's. I love the fact that Canaan is a competitor but WOW, paying 3 times the cost is very hard to justify for less hash rate. Did these miners use gold hashing boards?

Others thoughts?

I also have a small farm, and belong to two co-ops.   I love co-ops for their support, collective wisdom and - of special application to mining gear - 9 times out of 10 it really brings the prices down significantly.   I doubt co-ops would ever work in crypto mining; but one can dream so here goes.....

Are there 10-20 of us in the USA that can buy a "full solution" pallet???  I'm in for 4 of them....   would keep the price right at $3KUSD I figure, even if we let the organizer charge an extra $100 per unit for the hassle and figuring lawyer fees to escrow and handle the money for transparency and safety.   

Cons:  Not sure Canaan's agreement with their resellers would allow this, and who has time to be the organizer??   Dang I just hate the rocks of reality (-:

[2tights]

Next block, right this way