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Author Topic: [145+PH] KanoPool kano.is 7 BTC giveaway 🐈 US,NL,JP,NYA,DE,SG  (Read 5132019 times)
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krisgt30
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February 13, 2018, 02:58:57 PM
 #35741

With the shrinking of blocks per month at the pool, ramp up and ramp down time should certainly be shorter than 21 days. In my specific case I have now pointed over 50 terahashes here and will be pointing an additional 300 here in the next month once I move into my new location. When you are pushing big or small hash, 14 days is a very very long time to get your full hash rates payout. I understand the elimination of variance...but when the pools blocks per month is steadily decreasing, things like this should certainly change.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
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February 13, 2018, 03:08:00 PM
 #35742

Positive news!

https://www.coindesk.com/arizona-senators-pass-bitcoin-tax-payments-bill/
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February 13, 2018, 03:10:19 PM
 #35743

Arizona is smart. The state can profit off taxes with the flood of new investors that will poor into the "crypto state" if this goes through.
rifleman74
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February 13, 2018, 03:13:28 PM
 #35744

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.

Nope.
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February 13, 2018, 03:17:47 PM
 #35745

Thanks for the elaborate response.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
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February 13, 2018, 03:19:55 PM
 #35746

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.
Nope. In life there is always a trade off, that is , what we must do to mine at the greatest / lowest fee pool out there.  Wink

give a nocoiner a coin, he will eat for a day. Teach him to crypto, he will eat for life
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February 13, 2018, 03:21:51 PM
 #35747

You guys disagreeing do realize that this is why there isn’t more hash at this pool right? With the big pools, the only options are one extreme or the other as far as ramp up/down. No middle ground.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
rifleman74
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February 13, 2018, 03:24:14 PM
 #35748

You guys disagreeing do realize that this is why there isn’t more hash at this pool right? With the big pools, the only options are one extreme or the other as far as ramp up/down. No middle ground.

Thinking you may be at the wrong pool here then if you want/need that instant gratification.   
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February 13, 2018, 03:24:36 PM
 #35749

Anyone else feel this ramp up time is a little excessive now? I mean, 7 straight days mining here I feel you should be fully ramped up, not 12.5TH out of 42TH.
Nope. In life there is always a trade off, that is , what we must do to mine at the greatest / lowest fee pool out there.  Wink

Exactly, apparently the OP wants his cake AND eat it too.
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February 13, 2018, 03:30:06 PM
 #35750

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
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February 13, 2018, 03:53:49 PM
 #35751

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.
rifleman74
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February 13, 2018, 03:54:03 PM
 #35752

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.

Actually it does benefit, you just fail to see it.
rifleman74
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February 13, 2018, 03:55:28 PM
 #35753

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.


If you believe BTC keeps rising over time, you'll more than make your hardware costs back.  Again, this isn't a make everything in one month game anymore.   Time, patience, and understanding are key in mining right now.  Some people have it, others don't. 
krisgt30
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February 13, 2018, 04:10:27 PM
 #35754

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
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February 13, 2018, 04:14:24 PM
 #35755

Sure, but it may make more sense to just buy the Bitcoin at this point. An S9 miner costs $3,000, 12 months of electric costs around $2000 at $0.15/kWh. So for a year's worth of mining you can buy around 0.6BTC, which would take 16 months to mine. (actually probably much longer, as difficulty is skyrocketing)

Indeed. It's easy for these "old timers" on Kano to scoff at us who are joining the party late. Some of us have not paid back our hardware costs yet and with current difficulty ramping, this may never be the case. So every day is crucial to us, we can't afford runs of bad luck and 600% blocks. It all evens out doesn't mean much when you get paid $30 after mining for two weeks. Many here who are jeering at us were in the lucky runs of the past so they have more than made their gains and can afford to preach from their lofty piles of coins.

If you read my last post I am not asking for instant gratification nor instant payouts. I CLEARLY stated that there currently isn’t a middle ground for ramp up/down time anywhere. I am just as concerned as anyone else with the distribution of hash across the network. Hence why I helped startup another pool in 2015. What I am concerned with is spinning up 50k in hardware and not being paid for full hashrate until 2 weeks later....this current ramp up period doesn’t benefit those who plan on mining for the long haul as ramp down is irrelevant.


If you believe BTC keeps rising over time, you'll more than make your hardware costs back.  Again, this isn't a make everything in one month game anymore.   Time, patience, and understanding are key in mining right now.  Some people have it, others don't.  
rifleman74
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February 13, 2018, 04:18:21 PM
 #35756

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is.  Pretty obvious what the scenario for you is here.
rifleman74
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February 13, 2018, 04:19:52 PM
 #35757

Sure, but it may make more sense to just buy the Bitcoin at this point. An S9 miner costs $3,000, 12 months of electric costs around $2000 at $0.15/kWh. So for a year's worth of mining you can buy around 0.6BTC, which would take 16 months to mine. (actually probably much longer, as difficulty is skyrocketing)

That is also true.  But for people who already have the miners, that cost is already "sunk".  You're talking about brand new people (who should be finding better electricity than .15/kWh...that's close to double most prices and at least 50% more than basic electricity costs for many).

krisgt30
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February 13, 2018, 04:37:02 PM
 #35758

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is.  Pretty obvious what the scenario for you is here.

And the hash rate hasn’t gone up. So no benefit.

www.bcmonster.com Bitcoin Mining pool, offering pools for Komodo, Bitcoin Atom, and Bitcoin Gold as well -Donate:1QGZQBhXMo2jVc45wLEsp2bn5agF8SZSuY
akadamson
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February 13, 2018, 04:38:56 PM
 #35759

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

But it's not lost btc (unless we have more 500+% difficulty blocks anyway), that long ramp up, pays as a long ramp down when/if you leave.  Exactly the same way.

so again all the ramp does is reduce the variance, it has little *overall* effect from start to end (with the one exception that because it's a 5Nd PPLNS, when shares exceed 500% for a given block, you won't be paid for shares at the beginning (5Nd is a sliding window from the block find back in history))

Its mostly just an emotional/mental block because while you are *ramping*, you see smaller payouts, and depending on when you get in, it may be a little more painful, because enduring a 600% block like we just did can cause you to wonder... but I suspect over a *duration* of time even that *variance* will smooth Smiley
akadamson
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February 13, 2018, 04:40:10 PM
 #35760

You guys are acting like I am trying to steer people away from this pool when I am doing the opposite. I am merely making suggestions. The same people that complain that this pool may become too small to maintain relevance don’t want to hear varying opinions from their own. I don’t fail to see anything, long term miners, that don’t intend to ramp down ever, don’t have any benefit to this long ramp up time as it is 25% of your btc earned in the first month lost. If you want to gain new miners you have to try new things to maintain relevance. Speaking from experience.

The more hash that joins, the less the ramp up time is.  Pretty obvious what the scenario for you is here.

And the hash rate hasn’t gone up. So no benefit.

That completely depends on when you started watching.

I joined on the 18th of Jan.  The Pool was 32Ph... Today its over 52Ph.  by my fuzzy math that's a pretty significant size increase in a month
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