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

[rifleman74]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Yeah you can move them over now, the rest will be totally confirmed within 16 hours or so...meanwhile you can start your 5nd here at kano!

[EncoreMining]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Actually you can move them before that and it should not cause any issues. The confirmations are by the network and once the BTC is shown as rewarded you should get that amount even if you move the miners.

I need it to get to .1 bitcoins so it will pay out.

[luxMiner]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Actually you can move them before that and it should not cause any issues. The confirmations are by the network and once the BTC is shown as rewarded you should get that amount even if you move the miners.

I need it to get to .1 bitcoins so it will pay out.

just make sure that your 'Confirmed Reward' and 'Unconfirmed Reward' on the Dashboard add up to 0.1 and you're good to go. otherwise, you can also lower your payout threshold by clicking on the little blue wheel next to 'Payout Threshold'.

[rifleman74]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Actually you can move them before that and it should not cause any issues. The confirmations are by the network and once the BTC is shown as rewarded you should get that amount even if you move the miners.

I need it to get to .1 bitcoins so it will pay out.

You can get paid at .01 BTC on slush.   FWIW

[EncoreMining]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Actually you can move them before that and it should not cause any issues. The confirmations are by the network and once the BTC is shown as rewarded you should get that amount even if you move the miners.

I need it to get to .1 bitcoins so it will pay out.

You can get paid at .01 BTC on slush.   FWIW

Well Dam, I did not know that, ok. 37th more coming to Kano!!!

[MattMell]

Curious question. If my Slushpool says 100% confirmed is it safe to take the miners off and bring them over here?

Actually you can move them before that and it should not cause any issues. The confirmations are by the network and once the BTC is shown as rewarded you should get that amount even if you move the miners.

I need it to get to .1 bitcoins so it will pay out.

You can get paid at .01 BTC on slush.   FWIW

Well Dam, I did not know that, ok. 37th more coming to Kano!!!

every Hash much welcome! Mine on!

[dinotom]

For the current difficulty period the network is through ~82% of blocks in ~73% target period  

At current rate next difficulty estimate :     2 160 024 151 004    11.85%    18/01/13 12:06      

For the current difficulty period the network is through ~91% of blocks in ~79% target period  

At current rate next difficulty estimate :     2 184 039 845 865    13.10%    18/01/13 07:56

Difficulty change in ~24hours   

Given the average rate over the past month or so, we are going to be approaching a difficulty number with a 5 handle, from its current 2 handle.

This will absolutely crush even the Antminer S9 profitability unless bitcoin doubles or more from here.
This is the single biggest issue I see in mining now.

When I first decided to buy the Antminer S9 in late November, I noted that slushpool had about 48,000 workers (Early Dec.), I will be getting my miners shortly, but now slushpool has almost 74,000 workers and in the next two months that's probably going much higher. And I'm sure its the same at every pool, including Kano which I'm likely to be joining. But I can't see how these miners stay profitable past July-Aug at current rate of increase of mining machines and difficulty.

What are you long term miner's thoughts on this subject?

[Thrash]

Given the average rate over the past month or so, we are going to be approaching a difficulty number with a 5 handle, from its current 2 handle.

This will absolutely crush even the Antminer S9 profitability unless bitcoin doubles or more from here.
This is the single biggest issue I see in mining now.

When I first decided to buy the Antminer S9 in late November, I noted that slushpool had about 48,000 workers (Early Dec.), I will be getting my miners shortly, but now slushpool has almost 74,000 workers and in the next two months that's probably going much higher. And I'm sure its the same at every pool, including Kano which I'm likely to be joining. But I can't see how these miners stay profitable past July-Aug at current rate of increase of mining machines and difficulty.

What are you long term miner's thoughts on this subject?

Well I have not been mining consistently all these years but I started in 2013. I think it depends on if you are mining for cash flow or mining to accumulate some BTC. If you think BTC has a bright future and hodl, mining is not a bad way to go. Although with the prices miners are bringing on Ebay you might be smarter to sell the miners and buy BTC with the proceeds. If you are mining for extra cash I think that the stream is goinng  to run dry much quicker than most people getting in today expect.

One S9 figuring a 28% monthly increase in difficulty and a 0% increase in BTC price starts loosing money about 9 months out looks like. If you figure a 1% monthly increase in BTC it remains profitable for about a year.

EDIT: The above is calculated using a reward of 15BTC per block, so if your not mining where they pay the transaction fees it would not apply. Also the 16BTC could go up or down, who knows.

For me, I mine because I like to and feel crypto in general has a future. For some reason I feel it is more satisfying to mine coins than to buy them. Probably not the best finanacial decision but it is a personal choice.

Mine on!

[rifleman74]

For the current difficulty period the network is through ~82% of blocks in ~73% target period  

At current rate next difficulty estimate :     2 160 024 151 004    11.85%    18/01/13 12:06      

For the current difficulty period the network is through ~91% of blocks in ~79% target period  

At current rate next difficulty estimate :     2 184 039 845 865    13.10%    18/01/13 07:56

Difficulty change in ~24hours   

Given the average rate over the past month or so, we are going to be approaching a difficulty number with a 5 handle, from its current 2 handle.

This will absolutely crush even the Antminer S9 profitability unless bitcoin doubles or more from here.
This is the single biggest issue I see in mining now.

When I first decided to buy the Antminer S9 in late November, I noted that slushpool had about 48,000 workers (Early Dec.), I will be getting my miners shortly, but now slushpool has almost 74,000 workers and in the next two months that's probably going much higher. And I'm sure its the same at every pool, including Kano which I'm likely to be joining. But I can't see how these miners stay profitable past July-Aug at current rate of increase of mining machines and difficulty.

What are you long term miner's thoughts on this subject?

And therein lies the rub...a better miner needs to come out, and soon...otherwise short-term profitability drops for everyone (unless $BTC rises). 

[fjtropepe]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

[EncoreMining]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

[rifleman74]

Time to crack this block, we're over 100% now.   Time to start dancing.   


DANCE DANCE DANCE AND MINE ON WITH KANO-SAN!

[fjtropepe]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

I have 16 RX580s inbound. 

[Thrash]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

I have 16 RX580s inbound. 

How much hash power do you expect from those 16 cards?

[dinotom]

What can you mine with those now that etherium mining is going away?

[EncoreMining]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

I have 16 RX580s inbound. 

How much hash power do you expect from those 16 cards?

I’m looking to mine Crypto night currencies.

[MEARK]

Time to crack this block, we're over 100% now.   Time to start dancing.   


DANCE DANCE DANCE AND MINE ON WITH KANO-SAN!

I think we found our new block goddesses!

https://www.theverge.com/2018/1/12/16882378/japan-jpop-band-virtual-currency-girls-kasotsuka-shojo-cryptocurrency 

[fjtropepe]

Bitcoin increases or you add more hash power. It takes money to make money (or in this case coin). I have seriously been thinking about seller my mini farm and starting to GPU mine. Prices on these units are stupid. $6500??? WHAT???

I have been thinking about the same thing, problem is GPUs are super hard to find right now. If you find some let me know. (-;

I have 16 RX580s inbound. 

How much hash power do you expect from those 16 cards?

I am going to build two 8 card rigs. 225 Mh per rig.

[fjtropepe]

What can you mine with those now that etherium mining is going away?

Who said ether was going away. POS is unannounced. Do you know the date?

[dinotom]

I’ve read it could be Q1 2018, but this article seems to be the most up to speed.
It indicates sometime this year.

https://coincentral.com/when-will-ethereum-mining-end/