rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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April 14, 2018, 04:35:02 PM |
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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! Pretty sure the difficulty has already adjusted, notice the short shift: a3mwx yuno Apr‑14 02:10:18 12m 25s 14.192M 10.935k 81.87THs 1.030k 13,779.09 0 0 0.00% |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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lok8nusa
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Activity: 254
Merit: 11
Call 811 before you dig
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April 14, 2018, 04:42:06 PM |
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Has the network hashrate ever contracted? Seems it expands and expands regardless of any other factors.
snip snip Pretty sure the difficulty has already adjusted, notice the short shift: a3mwx yuno Apr‑14 02:10:18 12m 25s 14.192M 10.935k 81.87THs 1.030k 13,779.09 0 0 0.00% Also, Kano-san told us when it happened. https://bitcointalk.org/index.php?topic=789369.msg34652346#msg34652346  Mine on!!! |
Coining bits since 2017 Kano Pool is the BEST BTC mining pool. |
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os2sam
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Activity: 3578
Merit: 1090
Think for yourself
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April 14, 2018, 04:43:44 PM |
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Has the network hashrate ever contracted? Seems it expands and expands regardless of any other factors.
Difficulty adjusts every 2016 blocks to attempt to keep the block find rate at one every 10 minutes. So, hashrate has contracted several times, just never as much as it has increased. The continual hashrate increase is an indicator of confidence in Bitcoin. So it's a good thing. |
A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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BSGMiner
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Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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April 14, 2018, 05:12:17 PM |
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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?
What I'm wondering is how much you can even profit from renting... I just don't see it making sense by the numbers. |
The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance*** |
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tarby32
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April 14, 2018, 05:14:13 PM |
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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. Ok i phrased the question badly, in the settings are we able to increase the payout threshold. less but larger payouts ? |
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lok8nusa
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Activity: 254
Merit: 11
Call 811 before you dig
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April 14, 2018, 05:16:33 PM |
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~
Ok i phrased the question badly, in the settings are we able to increase the payout threshold. less but larger payouts ?
Tl;dr version - nope. We find a block, we get our payout. Nice and simple.  Mine on!!! |
Coining bits since 2017 Kano Pool is the BEST BTC mining pool. |
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noquedaeltiempo
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Activity: 35
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April 14, 2018, 07:30:37 PM |
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I have 88 x 100$ coupons if anyone needs to increase thei Kano Hash (Bitmain coupons). PM me with the donation email Hey Gusti! Interested in the coupons. Could you please activate the receive PM from newbies option in your profile? |
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rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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April 14, 2018, 07:50:10 PM |
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AerialGopher
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April 14, 2018, 08:14:56 PM |
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I am, i am sanding the ceiling in my living room with a electric sander, while the music is cranked, dancing on a 2 foot high platform. I thought i was doing my part.... What about the rest of you?!?!?!!? |
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darthprofanous
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April 14, 2018, 08:22:40 PM |
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Hello to all..
Right now im newbie here but not in kano pool.
Now adding more power to here
Greetings to all and get a new block its time.
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maddadata
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April 14, 2018, 09:05:35 PM |
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Has the network hashrate ever contracted? Seems it expands and expands regardless of any other factors.
Difficulty adjusts every 2016 blocks to attempt to keep the block find rate at one every 10 minutes. So, hashrate has contracted several times, just never as much as it has increased. The continual hashrate increase is an indicator of confidence in Bitcoin. So it's a good thing. Well put...confidence, that's what drives it. New tech will always come about over time. Volatility we know all about, but confidence doesn't collapse with a few red candles on a chart! MINE ON AND LET'S BUST THIS LONG BLOCK! |
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rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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April 14, 2018, 09:30:30 PM |
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Hello to all..
Right now im newbie here but not in kano pool.
Now adding more power to here
Greetings to all and get a new block its time.
welcome! |
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Shazam!!!
Full Member
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Activity: 350
Merit: 158
#takeminingback
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April 14, 2018, 09:43:25 PM |
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159% of Blocks on the wall..................
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Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!! Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay |
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rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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April 14, 2018, 09:48:35 PM |
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159% of Blocks on the wall..................
Take one down, pass it around... |
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lok8nusa
Member
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Activity: 254
Merit: 11
Call 811 before you dig
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April 14, 2018, 10:02:06 PM |
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Take one down, pass it around...
Interesting turn of phrase. Mr. rifleman74 took one down a couple of weeks or so ago (an S7). He passed it around (to me) for what I believe was a pretty fair deal. There were a couple of issues that were really out of our control, but rifleman74 seems to be a person of character; he helped me out with those issues. So, said S7 (my last Bit.... device, ever) is now plugging away @~4.7 TH/s on Kano Pool.  I really appreciate it rifleman74! Mine on!!! |
Coining bits since 2017 Kano Pool is the BEST BTC mining pool. |
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BSGMiner
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Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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April 14, 2018, 10:14:17 PM |
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So, said S7 (my last Bit.... device, ever) is now plugging away @~4.7 TH/s on Kano Pool...
Way to go. Happy hashing, Kano Islanders!  I'm still reaping the rewards of a 1THs boost from our local native madman K.P.! Now, we just need some more blocks--160% block on the wall... |
The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance*** |
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swanny88
Newbie
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April 14, 2018, 10:42:31 PM |
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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 ??
Which online Wallet is this? Just move to a different Wallet. |
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BSGMiner
Member
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Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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April 14, 2018, 11:16:08 PM |
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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 ??
Which online Wallet is this? Just move to a different Wallet. Install Botcoin Core on Linux, they say. It'll be fun, they say--actually nobody said it'd be fun per se, but I am learning a lot! Stay tuned... Looks like I'll be using Lubuntu on an old machine. More updates to come in the future. P.S. - 163% block on the wall... |
The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance*** |
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nazzer
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Activity: 238
Merit: 11
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April 15, 2018, 12:21:21 AM |
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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 ??
Which online Wallet is this? Just move to a different Wallet. Install Botcoin Core on Linux, they say. It'll be fun, they say--actually nobody said it'd be fun per se, but I am learning a lot! Stay tuned... Looks like I'll be using Lubuntu on an old machine. More updates to come in the future. P.S. - 163% block on the wall... I'll have me some Botcoin ... work up to 166.66% ... C'mon you dwarves! |
Vega 56 | Vega 64 | RX580 | GTX1070 | 1050Ti | S9 | L3+
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rifleman74
Member
Offline
Activity: 658
Merit: 21
4 s9's 2 821's
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April 15, 2018, 01:02:56 AM |
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Take one down, pass it around...
Interesting turn of phrase. Mr. rifleman74 took one down a couple of weeks or so ago (an S7). He passed it around (to me) for what I believe was a pretty fair deal. There were a couple of issues that were really out of our control, but rifleman74 seems to be a person of character; he helped me out with those issues. So, said S7 (my last Bit.... device, ever) is now plugging away @~4.7 TH/s on Kano Pool. I really appreciate it rifleman74! Mine on!!!Nice to see it working, we had the technology, we could rebuild her! MINE ON WITH KANO-SAN! |
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