KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2435 blocks

[perfectplus174]

I am positively surprised that people keep adding miners since at these btc prices doing so is highly optimistic if not unrealistic.
I am all for canaan, but they need to have a more up to date price for their product, however, I am not buying bitmain either.
I would buy something if I had 4-5c/kwh. At around 9-10c, it is a losing proposition (for now).

I'm thinking I can still sell off a couple of S9's at profit and replace 'em with the 841

At profit eh? What are you thinking $ wise?

[rifleman74]

been dealing with slushpool connection drop outs this past week and pretty chronically last 24 hours.

Kano, here me & my 10 miners come!!!

Welcome good sir, enjoy the ramp up (which is getting smaller and smaller) and crack some blocks!  



The pool hash rate for the last day is roughly 68.94PHs which means the 5Nd 'ramp' is roughly 11days 21hrs.

We're above that level,  but nice to see it under 12 days...

[ultimul]

This block is a bitch 

[clgrissom3]

Blokforge have the 821's and 841's on sale for under 2k now!

Maybe I should order a couple of 841's...not sure if they take bank transfers though

Pretty good price at $1,999 and free shipping within US.  They take this:

Bitcoin/Litecoin/Dash/Bcash Bitcoin/Litecoin/Dash/Bcash   
Direct bank transfer
Credit Card (additional fee) Orders under $4000.00 USD only mastercard/visa/discover/amex

Avalon 841 (Shipping April 15th-April 30th) $1,999.00

The Canaan Avalon 841 miner is currently the most efficient Bitcoin miner Canaan has released to date. Powered by 104 A3210HP 16nm ASICs, the Canaan Avalon 841 delivers a minimum hashrate of 13+ Terahash at a nominal 1290Watts.

**Free shipping within the United States, included in price**
***Purchase 10 Avalon 841 – Receive 1 821 Free***

[rifleman74]

This block is a bitch 

Still below 85%, not even close to a bitch yet.  

[Pecker]

been dealing with slushpool connection drop outs this past week and pretty chronically last 24 hours.

Kano, here me & my 10 miners come!!!

Glad to Have you join us and KANO!!  Best place to mine without a doubt !!

NOW LET'S CRACK SOME BLOCKS!

[clgrissom3]

been dealing with slushpool connection drop outs this past week and pretty chronically last 24 hours.

Kano, here me & my 10 miners come!!!

Not sure if you've been here before but most new arrivals want to know how the payout method and the 5Nd 'ramp' works.  You'll get a payout every time we hit a block.  The timing is after the block gets 101 confirms, a low or zero fee transaction is created by Kano and once that is confirmed it hits your wallet.  If no one on the blockchain confirms this transaction, it will be confirmed by our next block hit.

For an explanation of how 5Nd works, read this post and see if it helps:

https://bitcointalk.org/index.php?topic=789369.msg31961789#msg31961789

[kano]

... and anyone who noticed their miners beeping at 21:58 UTC ...

There's was a brief failover/fail back on one of 2 main stratum nodes (the one in LA) and the private node in LA also.

Everyone who failed over/back would have done so immediately, but of course bmminer/cgminer takes 5 minutes to switch back to pool1
As long as pool2 is some other kano.is node you should see almost no down time on the pool at all whenever this happens.

Mine on!

[Experimenter]

If no one on the blockchain confirms this transaction, it will be confirmed by our next block hit.

Can someone please explain how this works?
I thought I understand it, but the more I think of it, the more I'm getting confused.

There are ~1300 users on this pool. It means there will be ~1300 transactions pending after we find some block. Are all of these transactions going to be confirmed in the same block? How does a pool (any pool, not necessarily Kano) decide which transactions to include into a specific block?

If some of our pending transactions will be confirmed (by another pool) in one of the future blocks, let's say 513850, and we'll be lucky to crack the next one - 513851 - will we have enough time to filter and include only those of our pending transactions that are not yet confirmed? How will that work?

I apologize if I'm asking an obvious thing... To me it's like the 5Nd story (which I had a guess of, but I do understand much better now, thanks to all people in this thread!).

[kano]

If no one on the blockchain confirms this transaction, it will be confirmed by our next block hit.

Can someone please explain how this works?
I thought I understand it, but the more I think of it, the more I'm getting confused.

There are ~1300 users on this pool. It means there will be ~1300 transactions pending after we find some block. Are all of these transactions going to be confirmed in the same block? How does a pool (any pool, not necessarily Kano) decide which transactions to include into a specific block?

If some of our pending transactions will be confirmed (by another pool) in one of the future blocks, let's say 513850, and we'll be lucky to crack the next one - 513851 - will we have enough time to filter and include only those of our pending transactions that are not yet confirmed? How will that work?

I apologize if I'm asking an obvious thing... To me it's like the 5Nd story (which I had a guess of, but I do understand much better now, thanks to all people in this thread!).

The payout is a single transaction about 30-50K bytes - and usually with a low 42k sat fee.
I put it in our work so that our next block after it's sent out will confirm it.
However, it can be confirmed before that - like of late since blocks are not very full all the time and thus fees are low.
Edit: Of course, all our work is with unconfirmed transactions - you can't include a transaction that's already confirmed in another block

[BSGMiner]

If no one on the blockchain confirms this transaction, it will be confirmed by our next block hit.

Can someone please explain how this works?
I thought I understand it, but the more I think of it, the more I'm getting confused.

There are ~1300 users on this pool. It means there will be ~1300 transactions pending after we find some block. Are all of these transactions going to be confirmed in the same block? How does a pool (any pool, not necessarily Kano) decide which transactions to include into a specific block?

If some of our pending transactions will be confirmed (by another pool) in one of the future blocks, let's say 513850, and we'll be lucky to crack the next one - 513851 - will we have enough time to filter and include only those of our pending transactions that are not yet confirmed? How will that work?

I apologize if I'm asking an obvious thing... To me it's like the 5Nd story (which I had a guess of, but I do understand much better now, thanks to all people in this thread!).

The payout is a single transaction about 30-50K bytes - and usually with a low 42k sat fee.
I put it in our work so that our next block after it's sent out will confirm it.
However, it can be confirmed before that - like of late since blocks are not very full all the time and thus fees are low.

Hmm... This conversation makes me wonder what percentage of new block transactions are nothing more than just confirming all the other pool's new block payouts... Interesting.

[Biodom]

I am positively surprised that people keep adding miners since at these btc prices doing so is highly optimistic if not unrealistic.
I am all for canaan, but they need to have a more up to date price for their product, however, I am not buying bitmain either.
I would buy something if I had 4-5c/kwh. At around 9-10c, it is a losing proposition (for now).

Aren't we all optimistic here on BTC, otherwise what the heck are we doing here to begin with?

Yeah, eventually, plus using already bought miners is fine.
I would not buy new myself since, as I pointed out, i have too high of an electricity cost.

[BSGMiner]

I am positively surprised that people keep adding miners since at these btc prices doing so is highly optimistic if not unrealistic.
I am all for canaan, but they need to have a more up to date price for their product, however, I am not buying bitmain either.
I would buy something if I had 4-5c/kwh. At around 9-10c, it is a losing proposition (for now).

Aren't we all optimistic here on BTC, otherwise what the heck are we doing here to begin with?

Yeah, eventually, plus using already bought miners is fine.
I would not buy new myself since, as I pointed out, i have too high of an electricity cost.

Yeah, like the guy on eBay who just sold five (5) Avalon6 miners for less than $400--probably because it was adding $300 to his electric bill.

If I was him, I would apply the proceeds toward a few 741s and save $180 per month in electric.

[kano]

I am positively surprised that people keep adding miners since at these btc prices doing so is highly optimistic if not unrealistic.
I am all for canaan, but they need to have a more up to date price for their product, however, I am not buying bitmain either.
I would buy something if I had 4-5c/kwh. At around 9-10c, it is a losing proposition (for now).

Aren't we all optimistic here on BTC, otherwise what the heck are we doing here to begin with?

Yeah, eventually, plus using already bought miners is fine.
I would not buy new myself since, as I pointed out, i have too high of an electricity cost.

Yeah, like the guy on eBay who just sold five (5) Avalon6 miners for less than $400--probably because it was adding $300 to his electric bill.

If I was him, I would apply the proceeds toward a few 741s and save $180 per month in electric.

Well - although it's not best for the pool ... and a mod deleted my post stating this recently ... and I have been pointing out this fact for many years ...

What you'd be best to do with your $ would be to buy BTC
If you wanted to sell your miners, then decided to buy BTC, you know you'll get back the BTC you spent ... coz you don't lose any of it mining or paying for electricity
Then when the BTC price is a lot higher, you make that full profit on all the BTC, not a % of it

If the BTC price drops, well you did no worse than if you had bought a miner that mined less BTC than it cost.

If however, you have some profitable accounting deductions that is better than the amount of BTC lost from buying a miner, then you can of course do better out of buying miners.

Of course we do all assume that the BTC price will rise ... and well it's certainly expected to as long as you don't look at it as a day-trader, but instead look at it long term ... then either way you should make a $ profit as long as you don't sell the BTC on the way down or at the bottom of every price drop it has, but wait for the rises.

[BSGMiner]

Well - although it's not best for the pool ... and a mod deleted my post stating this recently ... and I have been pointing out this fact for many years ...

What you'd be best to do with your $ would be to buy BTC
If you wanted to sell your miners, then decided to buy BTC, you know you'll get back the BTC you spent ... coz you don't lose any of it mining or paying for electricity
Then when the BTC price is a lot higher, you make that full profit on all the BTC, not a % of it

If the BTC price drops, well you did no worse than if you had bought a miner that mined less BTC than it cost.

If however, you have some profitable accounting deductions that is better than the amount of BTC lost from buying a miner, then you can of course do better out of buying miners.

Of course we do all assume that the BTC price will rise ... and well it's certainly expected to as long as you don't look at it as a day-trader, but instead look at it long term ... then either way you should make a $ profit as long as you don't sell the BTC on the way down or at the bottom of every price drop it has, but wait for the rises.

[ultimul]

This block is a bitch 

Still below 85%, not even close to a bitch yet.  

just a joke; we are due for  200% one so it will take a while

[kano]

This block is a bitch  

Still below 85%, not even close to a bitch yet.  

just a joke; we are due for  200% one so it will take a while

Fortunately - we are never due anything but the expected
However, at any particular time, the next expected block is 100% PLUS whatever it currently is

[Shazam!!!]

As of late, we've had quite the knack of getting a block on Friday or Saturday. I'm hoping for both!!!

[nazzer]

I am positively surprised that people keep adding miners since at these btc prices doing so is highly optimistic if not unrealistic.
I am all for canaan, but they need to have a more up to date price for their product, however, I am not buying bitmain either.
I would buy something if I had 4-5c/kwh. At around 9-10c, it is a losing proposition (for now).

I'm thinking I can still sell off a couple of S9's at profit and replace 'em with the 841

At profit eh? What are you thinking $ wise?

Locally I could get around $2000-2500 each - not a huge profit mind you.

[Waztim]

I mine at a profit, I will mine at a loss.  I mine period. Why do I mine Bitcoin? Why would I mine Bitcoin even at a loss? The Fundamentals, Fundamentals, Fundamentals. Unless those change, I MINE ON WITH KANO-SAN!!! If you are watching each price drop or price increase, if you are calculating Profit and Loss for each block, you are looking at the trees and not the FOREST!! Critically thinking about Bitcoin is required to understand a few things but the primary thing to understand is? Bitcoin is THE Crypto Currency that all others are compared to, has a very small total amount to ever exist AND all other Cryto's pale in comparison to the $$$ invested in it. Don't be a fool, always, always, always, FOLLOW THE MONEY!!! Mine On With KANO-SAN!! The Best Bitcoin Mining Pool on Earth!! BTCBTC Come on Luck!!