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

[Mukas]

No offence, but this isn't really the sort of industry to be in if you are a dummy You need to understand the principles and that takes a bit of research and understanding.

Every one of us started out with virtually no knowledge, so I disagree with this statement.  You are asking questions and the Kano pool people are great and mostly patient.  I think with all the latest drop in hash and prices, we are all very "on edge" trying to figure out what to do next.  So the biggest thing right now is that there are very few people making money.  If you can get $36 per month cost per S9, you will be one of the few making money.  I know I am paying about 1/2 more for power than if I bought BTC outright.  I am mining because it helps the keep the future of BTC going (thus protecting all my previous mining and purchases).  I also believe there is a strong future in crypto so I am treating it very much like gambling (with better odds - I hope).  

You really need to figure out your motivations for mining.  If you want a steady income stream, then Kano is probably not the place to be - especially at our current 45Ph.  But if you can cover your power costs without any blocks in a month (which we will probably see several each month but there is a chance for none) , there is a lot of upside potential not available with the big pools.  We have had some pretty crappy luck for the past 2 months and we have some very lucky months.  All pools run into this, however the big guys will pay you TINY amounts per block found very frequently - so it all evens out quicker due to the volume (often termed variance).  We may have no blocks for a week or more but get paid well for each one found.  And since finding a block is totally random, we can find 3 blocks in a day too with the same big payment for each - thus a lot more return for our investment.

I hope this helps a little.  Every one of us are going through the turmoil of decisions like yours.  You need to figure out your risk tolerance and make decisions from there.  Best of luck with those decisions and I know I will Mine On with Kano!

Thank you very much for your help!

[kano]

No offence, but this isn't really the sort of industry to be in if you are a dummy You need to understand the principles and that takes a bit of research and understanding.

Every one of us started out with virtually no knowledge, so I disagree with this statement.  You are asking questions and the Kano pool people are great and mostly patient.  I think with all the latest drop in hash and prices, we are all very "on edge" trying to figure out what to do next.  So the biggest thing right now is that there are very few people making money.  If you can get $36 per month cost per S9, you will be one of the few making money.  I know I am paying about 1/2 more for power than if I bought BTC outright.  I am mining because it helps the keep the future of BTC going (thus protecting all my previous mining and purchases).  I also believe there is a strong future in crypto so I am treating it very much like gambling (with better odds - I hope).  

You really need to figure out your motivations for mining.  If you want a steady income stream, then Kano is probably not the place to be - especially at our current 45Ph.  But if you can cover your power costs without any blocks in a month (which we will probably see several each month but there is a chance for none) , there is a lot of upside potential not available with the big pools.  We have had some pretty crappy luck for the past 2 months and we have some very lucky months.  All pools run into this, however the big guys will pay you TINY amounts per block found very frequently - so it all evens out quicker due to the volume (often termed variance).  We may have no blocks for a week or more but get paid well for each one found.  And since finding a block is totally random, we can find 3 blocks in a day too with the same big payment for each - thus a lot more return for our investment.

I hope this helps a little.  Every one of us are going through the turmoil of decisions like yours.  You need to figure out your risk tolerance and make decisions from there.  Best of luck with those decisions and I know I will Mine On with Kano!

Thank you very much for your help!

Well ... the point of my comment was to read the Help pages first and then ask questions
I don't want to copy paste the web site here

[kano]

Hello! Tell me why since the 25th day it doesn’t close the blocks, they just joined you, it turns out that the workout just works ... (((What happened? There were no such delays before ... What predictions? Leave or wait for a miracle?)

It's just a combination of luck, variance and hash power.

Statistically we are bound to get long dry spells every now and then, 300%+ is 1 in 20 blocks, and that's if luck is static.

The usual post about stats

Code:

 0.39346934028737   50.000%  1 in 1.6
 0.63212055882856  100.000%  1 in 2.7
 0.77686983985157  150.000%  1 in 4.5
 0.86466471676339  200.000%  1 in 7.4
 0.95021293163214  300.000%  1 in 20.1
 0.98168436111127  400.000%  1 in 54.6
 0.99326205300091  500.000%  1 in 148.4
 0.99752124782333  600.000%  1 in 403.4
 0.99872735771441  666.666%  1 in 785.8
 0.99908811803445  700.000%  1 in 1096.6
 0.99966453737210  800.000%  1 in 2981.0
 0.99987659019591  900.000%  1 in 8103.1

honestly all that math got messed with x4 pool hashrate drop after the latest block

Fortunately, hash rate has nothing to do with block CDF statistics
... and that table is on the web site Help->Luck with an explanation.

[NomadGroup]

The BTC price is just WOW!!!! Wtf is going on?.... I think I will have to pull the plug 

[VRobb]

It's a fire sale!  Time to buy back the BTC I used to purchase an S15 last month and make a profit on it!  Damn, already got some ROI before it's ever plugged in!!  
It will, of course, be pointed here as soon as it's alive.  Sending it to the ice mines on Hoth to "avoid any imperial entanglements" (i.e. tariff!)  

[BSGMiner]

It's a fire sale!  Time to buy back the BTC I used to purchase an S15 last month and make a profit on it!  Damn, already got some ROI before it's ever plugged in!!  
It will, of course, be pointed here as soon as it's alive.  Sending it to the ice mines on Hoth to "avoid any imperial entanglements" (i.e. tariff!)  

Ahh, now that's a smart little trick to save some money. Good thinking!

[MKMiners]

So guys, what is the current reward for say 1 S9 - 14 TH per block on average after the last difficulty drop? I may host my 3 S9 miners at some hosting which is asking me to pay around 36$ per machine so far. Is it profitable at that rate or I may have to pay something out of pocket? I know BTC price fluctuation plays a big role, but still nonetheless, even if I can make $100-150 as profit, I would take it rather than keeping machines off and collecting real dust 

I assume that's $36 per month? In which case you should make about 2x that per month for an s9 at current price and difficulty if the pool has 100% luck.

Thanks a lot mate for your helpful reply.

[Mukas]

A ecть тyт ктo тo pyccкoгoвopящий?

[perfectplus174]

I've been away. Never stopped mining, but haven't been in "here".

I'm assuming everyone still here thinks Craig Wright is full of shit? I have some buddies pretty heavily invested buying into the hype and panicking.

So let me ask you guys this......

What has you convinced BTC has nothing to worry about?

(edit) "nothing" regarding Craig's claims.

[os2sam]

I'm assuming everyone still here thinks Craig Wright is full of shit?

Who is Craig Wright?

Edit:  OK, I remember hearing about him a while back.  The guy's an idiot.  Did he ever move one of the Satoshi coins?  If he can't do that then he isn't Satoshi.  And shouldn't be listened to.

So, sorry for being off topic, but what did he say this time?

[BSGMiner]

A ecть тyт ктo тo pyccкoгoвopящий?

Sorry, comrade! :salute:

[BSGMiner]

I've been away. Never stopped mining, but haven't been in "here".

HeY, hEy, HEY! Saw you still on the stats. Figured you must just be busy. Welcome back!

Edit: Join Discord via the invite link on kano.is homepage, too. :thumbsup:

[clgrissom3]

Block by 1H3jwxW! with 316TH/s

This is our 1st of BLOCK FRIDAY!

[MoparMiningLLC]

block located! found by 1H3jwxW34Y9rfeiAtZJ1L7heYX2sUeipZ6 ! now can anyone tell me what my payment might have been with 69-71 TH/s had my electric service not been cut to my miners?

[clgrissom3]

block located! found by 1H3jwxW34Y9rfeiAtZJ1L7heYX2sUeipZ6 ! now can anyone tell me what my payment might have been with 69-71 TH/s had my electric service not been cut to my miners?

To find your BTC per Block, use Kano's calculator http://tradebtc.net/bitcalc.php, put in your TH/s and hit calculate.  Then take (BTC to expect per Day per TH/s) divided by (Pool Average Blocks per Day) times (your TH/s) and it should give you your expected BTC per Block at the current hashrate.

[MoparMiningLLC]

To find your BTC per Block, use Kano's calculator http://tradebtc.net/bitcalc.php, put in your TH/s and hit calculate.  Then take (BTC to expect per Day per TH/s) divided by (Pool Average Blocks per Day) times (your TH/s) and it should give you your expected BTC per Block at the current hashrate.

yea I tried that, it looks like gibberish to me - hence why I asked.

Thanks though.


**edit**

Now, I looked and saw that even though my miners have been offline since Nov26th about 4pm (11 days) I still got a payout of .00221836 so at least something to smile about

[kano]

Well what that all means is that e.g. if the pool expected one block every 6.5 days, then your reward per block is 6.5 times what you expect each day.

However, since it's 5Nd per reward, it depends on the pool average hash rate over 5Nd, not the current hash rate.

[MoparMiningLLC]

Well what that all means is that e.g. if the pool expected one block every 6.5 days, then your reward per block is 6.5 times what you expect each day.

However, since it's 5Nd per reward, it depends on the pool average hash rate over 5Nd, not the current hash rate.

ok but when I follow that link and put in my hash rate, I dont understand the values it gives nor how to take those and calculate what the reward might have been.

thanks though.

[trev59]

Thx a lot, 1H3jwxW34Y9rfeiAtZJ1L7heYX2sUeipZ6

[clgrissom3]

To find your BTC per Block, use Kano's calculator http://tradebtc.net/bitcalc.php, put in your TH/s and hit calculate.  Then take (BTC to expect per Day per TH/s) divided by (Pool Average Blocks per Day) times (your TH/s) and it should give you your expected BTC per Block at the current hashrate.

yea I tried that, it looks like gibberish to me - hence why I asked.

Thanks though.

Mmmm, in 4 seconds with a calculator I got 0.02055831 for 71TH/s at 43PH and since the pool is still ramping down and is at an average of 96PH with this block about half that so you would have gotten about 0.01027915 for this block.