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Showing 13 of 13 results by robinsoz
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Re: [~70PH] KanoPool kano.is 0.9% fee 4.3of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
robinsoz
on 02/12/2018, 16:08:16 UTC
Let’s just hope for the best!  That the BTC will go up and the difficulty go down!  Wink

Unfortunately that window only lasts about 2016 Blocks. As soon as the price rises the Diff will follow. If it's slow enough it'll buy us some more time with a lower Diff maybe 2 or 3 retarget periods, but last year is a good example of how fast Diff can rise if the price increases quickly. Only this time there won't be a bottleneck on hardware, there is an ample supply just waiting to be purchased or turned back on.

In the meantime I'll happily sit here partially heating the house with some 741's, collecting some lower Diff coins for a better tomorrow.

Would have been nice to snag one last block before we lost a bunch of Hashpower but I'm looking forward to their 5ND running out.

I think it will take a while for difficulty to rise unless the price rises very dramatically - which I don't expect it to at this point. Large professional miners have been struggling for a while and many have been hanging on hoping for a turnaround because of the already sunk costs - (server space rented, power contracts, etc.). Once someone closes an operation like that because they ran out of money, they do not run out and start it up again immediately because it now would be mildly profitable again.
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Re: [~50PH] KanoPool kano.is 0.9% fee 4.3of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
robinsoz
on 02/12/2018, 15:49:05 UTC

This whole route is good news for those of us who heat our house with obsolete S7s and S5s - recently upgraded one of my machines to a T9+ for about $80. Maybe if this continues I can pick up some s9s. The winter heating season is just starting.....
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Re: [~120PH] KanoPool kano.is 0.9% fee 4.3of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
robinsoz
on 27/11/2018, 14:52:04 UTC
It has a lot to do about luck, especially with these pices, especially when profit is low already.

The 5N ramp really sucks and has no value at all, as the block finds are so long from eachother, the hasrate on the way down is as good as worthless when eventually a block is found...
I switched to another pool to try my luck there, and luckily i did the right thing...

No FUD to Kano or anything, but at the moment it is a Bad luck pool....
When numbers turn green again, i might join, but for now i'm making (way) more profit elsewhere...

Sorry, i'm in it for the results, nut just fun only...

When numbers turn green - the chance of them staying green for the next couple of weeks is exactly the same as it is today. It is a random thing - and the 5ND is sort of nice for people who sometimes mine part of the day and then have their miners turned off or the rest of the day (although, in the grand scheme of things that does not matter either.) I wish Kano would finish the accounting code - but other than that this is the best pool there is. Smiley
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Re: [~220PH] KanoPool kano.is 0.9% fee 4.8of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
robinsoz
on 13/10/2018, 15:04:13 UTC
It is getting colder again - and time to start turning my S7's on around the house for heat. Smiley What is the current hashrate required on the pool to be above the dust level?

it is around 1 th/s if I recall from some of the earlier posts where users are around that point and are stating they are above dust level.

Thanks. Smiley Will start sending a few TH/s again.
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Re: [~220PH] KanoPool kano.is 0.9% fee 4.8of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
robinsoz
on 13/10/2018, 14:44:56 UTC
It is getting colder again - and time to start turning my S7's on around the house for heat. Smiley What is the current hashrate required on the pool to be above the dust level?
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Re: [115+PH] KanoPool kano.is 7 BTC giveaway 🐈
by
robinsoz
on 03/04/2018, 13:12:06 UTC

Holy crap where did my math go wrong on the power, you're 100% correct 800 * 1370 = 1,096,000

Thank you for the info. Once i get passed the business plan ill reach out.

Also chuckled when you said "a warehouse with a roof big enough".   Basic solar math, presuming you want to run on 13.5TH S9, with a real world consumption of around 1450 watts:

* (1) typical panel, lets say a 130W one, will produce about 4 hours of power a day at 80% of its rated rate (since the rated rate is optimal during noon soon in the tropics):  130*0.8*4=416 watts per panel per day
* Each miner therefore requires about 3.5 panels
* 1 megawatts of power = (690) 1450W miners = 2,145 panels at about a square meter each, so call it 21,450 square feet of roof space over a data center that doesn't need to be over 2000 square feet in size, likely larger.

But wait...  Nobody is going it invest that type of money to run miners for 4 hours a day, so lets add batteries and enough panels to run for a full 24 hours:  80% efficient charging batteries = 2145*6/0.8 = 16,100 panels.  So about $2M in panels.  Batteries to carry say, 3 days of clouds, will match that cost.  So now your at $4M.  Oh, but wait again... we only have enough panels to keep ourself running for 24 hours and now, after a cloudy day or three, we need to run AND charge those batteries.  Better double the array size (now $4M and 32,200 panels).  Plus battery chargers, inverters, etc.  Add at least another $2M.  

So, we have $6M in solar infrustructure to run 690 miner at something like $1300 each current pricing (sorry, Bitmain doesn't have 13.5's listed right now, which this math is based on); eg. ~$900K in miners.
At $0.10/kwh, and 1MW of required current, each hour cost $100.  So in about 7 years you will break even.  Except that your batteries will likely have been replaced once in that timeframe and likely be coming due for a second round, at $2M  a pop.  Good news, electronics are likely good for 10-15 years.

Oh, and since we now have 32,200 panels in our little setup, your going to need about 320,000 square feet of south facing roof.  That just a bit over 7 acres ON THE SOUTH SIDE.  So a 640,000 square foot warehouse of which you will be using around 2000 square feet.  Or perhaps you could find a 6000 square foot building and provide about 1% of your power for a mere $60,000 - but why bother.

Granted, you could grid tie, and eliminate the batteries and half the electronics, but then you need to deal with paying retail power rates and likely being credited wholesale power rates.   Not aware of many NEW grid tied solar contracts that allow for reversible meters like they use too.  They electric companies have wised up and paid off the right politicians to protect their turf.

If you mine with solar power on batteries you will almost always come out worse off than if you just bought the power at residential retail rates. You have to factor in wear and tear on the batteries - which by itself can be greater than just buying the electricity. On another note - if mining on solar power skip the inverters and power supplys and use direct current DC converters.
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Re: [75+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
robinsoz
on 19/03/2018, 19:30:27 UTC
Looking for a good deal on Hashing contracts.
I got ripped off by https://www.cryptomining247.com/ last year.
They payed out for a couple months then zip zero zilch!
I like the idea of renting hash power over time and I don't have several thousand dollars to invest in machines right now so...
Anyone know a reputable site?
Thanks in advance!



Most hashing contracts (not all but most) are scams of some sort. If they are legitimate, once you do the math they won't be cheap and there will not be any assurance of return. In this business, like most businesses, you can't get something for nothing. If a hashing contract is legitimate you will have to pay them an amount such that they can bank on a return on their machines - and you take all the uncertainty of bitcoin price falling or difficulty rising.

Nicehash is mostly legitimate (not strictly a hashing contract but a rental of hashpower), and once you run the numbers it works out that you will pay very close to your expected return.
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Re: [55+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
robinsoz
on 13/03/2018, 17:45:57 UTC
At the risk of blowing up the ebay prices,  there is a seller (ecpar411) that has 10 auctions for soon to be delivered S9's
[snip]
from my research this is a hash board swap situation (just a guess) but alot of ebay people by new swap out the hash boards on there old ones then resell the new "shell" with old hash boards. since they dont accept returns ebay is genealy in my opinion a bad place to buy. after all why would someone buy a SKID of s9's jst to turn around and sell them at half price ?
Speaking of eBay, the sold Avalon6 prices are approaching an average of $300 each!

Due to the age of those miners, recent difficulty increases, new miners coming out, and eBay risks, is it worth it to consider these anymore, or should I just wait until I have enough for a 741?

I would say it depends on how much they cost and your cost and availability of electricity. If you are running them 24 hours a day on electricity purchased from the power company - you will be better off with a 741. If you are running 6 hours a day on surplus or free electricity of some sort, they could be a better choice. You have to do the math based on your individual situation - but for most full time miners you will be better off with the 741.
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Re: [55+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
robinsoz
on 10/03/2018, 04:15:13 UTC
It has been fun mining with you guys. I'll unfortunately probably be pointing my few TH back at Slush sometime in the next few days (until next winter or Kano finishes the accounting code).

Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.

Good luck to all. Smiley
Good luck helping them mine empty blocks Cheesy

slush's last empty block was a week ago:
https://btc.com/0000000000000000000d637d922588b7d30c85fd35d87b42ef86a8ce9609764e

Give me a rational reason to stick around once my average hashrate drops below half a Terrahash and I’ll stay - like I said I’ll be back at some point. Wink I prefer to mine on whichever pool I feel contributes the most to the network - but do like to get paid occasionally. Even at my highest hashrate when all my miners were running, I have wondered at times if I was leaching more from this pool than I was contributing - given the transaction fee cost of sending a few dollars worth of bitcoin after every block.

cant say as i understand why u shutting em all down to begin with ? solar power is infinite once u have it installed and as i understand it deterioration of solar panels is a function of time more then use.if they generate to much heat make yer self cooler boxes to muffle sound and do a great job of controlling heat (one of these https://www.youtube.com/watch?v=HhNS2ElN5Mk)

Solar power is being used for other things - like running irrigation pumps. I only mine when there is a surplus...as we are not set up to feed it back into the grid.
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Re: [55+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
robinsoz
on 10/03/2018, 01:47:20 UTC
It has been fun mining with you guys. I'll unfortunately probably be pointing my few TH back at Slush sometime in the next few days (until next winter or Kano finishes the accounting code).

Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.

Good luck to all. Smiley
Good luck helping them mine empty blocks Cheesy

slush's last empty block was a week ago:
https://btc.com/0000000000000000000d637d922588b7d30c85fd35d87b42ef86a8ce9609764e

Give me a rational reason to stick around once my average hashrate drops below half a Terrahash and I’ll stay - like I said I’ll be back at some point. Wink I prefer to mine on whichever pool I feel contributes the most to the network - but do like to get paid occasionally. Even at my highest hashrate when all my miners were running, I have wondered at times if I was leaching more from this pool than I was contributing - given the transaction fee cost of sending a few dollars worth of bitcoin after every block.
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Re: [55+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
robinsoz
on 09/03/2018, 14:59:31 UTC
It has been fun mining with you guys. I'll unfortunately probably be pointing my few TH back at Slush sometime in the next few days (until next winter or Kano finishes the accounting code).

Reason has nothing to do with being unhappy with the pool but is rather because I run obsolete bitcoin miners in the winter for heat and in the summer to soak up excess solar power off a solar array. With the weather warming up I'll soon be below dust level.

Good luck to all. Smiley
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Re: [45+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,JP,NL,NYA 🐈
by
robinsoz
on 03/02/2018, 16:45:27 UTC
When luck is good, then PPLNS system is great to be on.   When luck is bad, then PPS is better.

Luck can change at a moments notice.    

I personally am not worried about luck.  My concern is what if something is broken and we can't find a block?   Computers and systems break all the time.

Another thing always bothered me as well.   Every time someone else finds a block, we have to restart our search.   Perhaps all the restarting is causing an issue?  

Again, forgive my ignorance.  

I am new here - have been mining on Slush mostly before - but the search restart has always happened and has to happen with every pool. Looking at the historical distribution numbers they look about the same as what you see on a larger mining pool - just that the time between blocks has to be multiplied by a large factor (and the rewards when they do show up have to be multiplied by approximately the same factor). I have seen several blocks on Slush that were proportionally as long as this one, but with their higher hashpower you get through them in 7 hours or so.
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Re: [45+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,JP,NL,NYA 🐈
by
robinsoz
on 03/02/2018, 16:38:29 UTC
I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.

I mostly agree.  Right now it is more profitable to buy BTC directly on the market than to try and mine.  I am really torn - I really like mining at home but if it does not recover in the next six months, I'll probably sell all my miners and buy some coin directly.  I think home/small miners are kind of a rare breed anymore - we believe in Bitcoin's future almost no matter what happens to the price now.  
Any small trickle I get from mining is worth it as long I can afford the power.   I firmly believe in five years a bitcoin will be worth $30K or way more.


It seems that every market is in a correction right now. The Dow shaved off 665 points. Worst day in Wall Street in two years. I checked my Apple stock and it is down to 160... lol  Everyone relax. The markets will finish the correction and we will be back on a steady clime once more. It just takes time.

If the price continues to drop I might even buy some S9's - right now I mine with obsolete hardware when I have effectively free electricity - best miner at this time is an S7. Mining pretty continuously right now because it is winter - but that will change as things warm up this summer and then it will be only in the daytime when my brother's solar array has free power.

Edit: Sorry I quoted the wrong post in this posting - was intending to quote the post two posts back.