KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2436 blocks

[tarby32]

So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??

Step 1: Stop using an online wallet

Step 2: Get electrum and generate a new address - optional: get a hardware encryption key (Ledger or Trezor)

Step 3: Profit

Sorry edit on my first post, my wallet isn't an online its a desktop but it appears that the fees are spectacularly high. Is this the same will all wallets that collect mining gains ?

Thanks Nazzer, Whats the difference in regard to fees then with electrum ?

No. You can now send a transaction with a tiny fee coz blocks are rarely full.
See here for an idea of the fees: https://btc.com/

Kano,

my wallet ( exodus)

says that because of the volume of small mining receipts the transfer fee for btc out of the wallet is nearly a third of its total.... that cant be right surely ? if thats the case what do you recommend ?

[1715432271]

1715432271

[1715432271]

1715432271

[1715432271]

1715432271

[ChristianUA]

So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??

Step 1: Stop using an online wallet

Step 2: Get electrum and generate a new address - optional: get a hardware encryption key (Ledger or Trezor)

Step 3: Profit

Sorry edit on my first post, my wallet isn't an online its a desktop but it appears that the fees are spectacularly high. Is this the same will all wallets that collect mining gains ?

Thanks Nazzer, Whats the difference in regard to fees then with electrum ?

No. You can now send a transaction with a tiny fee coz blocks are rarely full.
See here for an idea of the fees: https://btc.com/

Kano,

my wallet ( exodus)

says that because of the volume of small mining receipts the transfer fee for btc out of the wallet is nearly a third of its total.... that cant be right surely ? if thats the case what do you recommend ?

Got the same problem

[kano]

As I said, look here: https://btc.com/
That shows the current expected fees for transactions.

... also of course there is a reason why I don't send out amounts below dust

[nazzer]

I prefer using Electrum client as it lets me set the fees very low and mark transactions as replaceable (in case I accidentally set a fee too low). Currently that's not an issue of course

With Electrum I use preview and see the sat/byte fees after it generates the transaction (before signing and broadcasting)

Amazingly, there are still people sending with high fees: https://bitcoinfees.earn.com/

I also use https://blockchair.com/ that tells me if my transaction is likely to get into the next block or so

[Shazam!!!]

Tip of the day: Never use a Wallet, thats named after an 80's Metal band. Ha!!!

[gusti_]

I have 88 x 100$ coupons if anyone needs to increase thei Kano Hash (Bitmain coupons). PM me with the donation email

[nazzer]

Tip of the day: Never use a Wallet, thats named after an 80's Metal band. Ha!!!

Please tell us your invalids are going down ... need a block soon ...

[Shazam!!!]

Tip of the day: Never use a Wallet, thats named after an 80's Metal band. Ha!!!

Please tell us your invalids are going down ... need a block soon ...

Ha! Honestly, I didn't check them yesterday.  They're at .234% right now. I'll keep an eye on them. 

[maddadata]

Diff change ... ouch

Code:

[2018-04-14 02:22:42.845+00] workinfo_add(): DIFF CHANGE: hi=518112 delta=9.35% new=3839316899029.7 prev=3511060552899.7

by the way, does that mean it's 9.35% less value for anyone cause we need 9.35% longer to find a block?

Well it means that the average expected amount of work to find a block has increase by 9.35% yes.

Has the network hashrate ever contracted?  Seems it expands and expands regardless of any other factors.

[tarby32]

As I said, look here: https://btc.com/
That shows the current expected fees for transactions.

... also of course there is a reason why I don't send out amounts below dust

So can we alter the payout on kano ?

[kano]

As I said, look here: https://btc.com/
That shows the current expected fees for transactions.

... also of course there is a reason why I don't send out amounts below dust

So can we alter the payout on kano ?

Eh?
The payout is (still) what you earn per block.

Dust gathers under the bed until I have the new payout system complete.

[kano]

Diff change ... ouch

Code:

[2018-04-14 02:22:42.845+00] workinfo_add(): DIFF CHANGE: hi=518112 delta=9.35% new=3839316899029.7 prev=3511060552899.7

by the way, does that mean it's 9.35% less value for anyone cause we need 9.35% longer to find a block?

Well it means that the average expected amount of work to find a block has increase by 9.35% yes.

Has the network hashrate ever contracted?  Seems it expands and expands regardless of any other factors.

There's a few sites that list the diff changes on a graph.
It does go down on rare occasions.

[Nick_01]

As I said, look here: https://btc.com/
That shows the current expected fees for transactions.

... also of course there is a reason why I don't send out amounts below dust

So can we alter the payout on kano ?

Eh?
The payout is (still) what you earn per block.

Dust gathers under the bed until I have the new payout system complete.

maybe I do not understand something, but why does not like the payment that exists at the moment?

[rifleman74]

So today i had a warning from my online wallet saying that because i recieve payments from mining little and often the charges for moving my btc will be much higher... Is there any way around this extra fee ??

Consolidate your inputs into one right now, it's cheap!

[Shazam!!!]

Has the network hashrate ever contracted?  Seems it expands and expands regardless of any other factors.

I believe, when bitcoin was created, difficulty rising was written into it by Satoshi. At that time though, in 2009, asic technology was yet to be invented. The huge difficulty we see today, reflects the use of that technology. Every time someone adds a brand new miner to the network, the difficulty will rise. Our only hope of contraction, is if the new form factors of asic technology, make the older ones obsolete.

It is the catch 22 of being in the world of BTC mining.

[Vlada69]

Has the network hashrate ever contracted?  Seems it expands and expands regardless of any other factors.

I believe, when bitcoin was created, difficulty rising was written into it by Satoshi. At that time though, in 2009, asic technology was yet to be invented. The huge difficulty we see today, reflects the use of that technology. Every time someone adds a brand new miner to the network, the difficulty will rise. Our only hope of contraction, is if the new form factors of asic technology, make the older ones obsolete.

It is the catch 22 of being in the world of BTC mining.

And we have two more days before the new two week algorithm difficulty rise. What I also noticed from kano's graph, mining was more successful while we had big drop in price of the BTC. Ether way mine on!

[maddadata]

Has the network hashrate ever contracted?  Seems it expands and expands regardless of any other factors.

I believe, when bitcoin was created, difficulty rising was written into it by Satoshi. At that time though, in 2009, asic technology was yet to be invented. The huge difficulty we see today, reflects the use of that technology. Every time someone adds a brand new miner to the network, the difficulty will rise. Our only hope of contraction, is if the new form factors of asic technology, make the older ones obsolete.

It is the catch 22 of being in the world of BTC mining.

I asked about the hashrate specifically not difficulty.  I do understand the relationship between the two.  I know everyone blames asics and wishes we could go back to desktop mining, but that's like blaming Henry Ford for the fact that you don't own a horse.  I don't think Satoshi was so naive that he couldn't forsee progress in this area.  I don't think newer gear will ever cause hashrate to drop, it would only happen because lots of miners pull the plug.  That's what I think I was trying to figure out.

[chucklaw]

i want to rent some hashrate from nicehash, but it fails to connect, so which port can i use for connecting kanopool by using nicehash?

[maddadata]

i want to rent some hashrate from nicehash, but it fails to connect, so which port can i use for connecting kanopool by using nicehash?

Kano has banned nicehash

[lok8nusa]

i want to rent some hashrate from nicehash, but it fails to connect, so which port can i use for connecting kanopool by using nicehash?

Kano Pool does NOT allow rental hash. Whether it is or not, it is considered malicious and banned as soon as Kano discovers it.
See this thread for why: https://bitcointalk.org/index.php?topic=1002086.msg10878618#msg10878618