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Kano / CKPool Bitcoin Mining Pool Review

May 2018 update – Kano/CKPool continues to stay alive, although in the two years since this article has invested nothing in it’s UI. Due to the rising difficulty rate, and the way that this pool treats small balances (ie it doesn’t pay out), it is not recommended in any way if you are mining on older ASIC hardware (less than several terrahash), GPU’s or CPU’s as your mining earnings will not be credited! A look at Kano.is / CKPool Mining Pool (originally published February 2016) Please  note: This review is based on a relatively small amount of hashing, a few hundred

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May 2018 update – Kano/CKPool continues to stay alive, although in the two years since this article has invested nothing in it’s UI. Due to the rising difficulty rate, and the way that this pool treats small balances (ie it doesn’t pay out), it is not recommended in any way if you are mining on older ASIC hardware (less than several terrahash), GPU’s or CPU’s as your mining earnings will not be credited!

kano-logo

A look at Kano.is / CKPool Mining Pool (originally published February 2016)

Please  note: This review is based on a relatively small amount of hashing, a few hundred ghs. The stats outlined in this review may not apply to larger miners. We hacked our antminer S1’s to mine nine pools concurrently, letting us run proportional power across a wide variety of mining pools. This review is part of our series of bitcoin mining pool reviews.

CK Pool, also known as Kano.is pool is a bitcoin mining pool co-created by the developer of CGMiner, the software behind many bitcoin mining softwares, and hardware. Our own review rig uses it to connect to the pools we test with here. At time of publication, it has a small percentage of the overall network, mining a couple of blocks a day.

The mining pool has a rather poor interface, but nonetheless has been able to capture a varying amount of mining power (fluctuating between 9 and 20 petahashes over a few weeks prior to this review).

Kano offers two types of ways to connect. Firstly, they operate a solo pool, where you can point your miner to it, and if you are lucky to find a block, get all of the block reward, less a 0.5% fee. However, for our review, we will be looking at the pool which operates a Pay Per Last N Share (PPLNS) model. They only mine bitcoin, with no merged mining.

What is starkly obvious about the pool is it’s poor user interface. The pool functions, but the UI leaves a huge amount to be desired, to the point of frustrating. Your account will time out after a few minutes, meaning that I had to regularly re-log in. The screens are simple to the point of ridiculous in 2016, with really basic graphics. Everything is static, so there is no updates in the screen in any of the interfaces. Also, it is very difficult to use the earning screens, given that most of them just point you to a wallet address, and tell you to find the transaction you got paid in by manually searching for your bitcoin wallet address. Compared to other (older) pools, this is rather disappointing to see.

That being said, the pool itself operates using a PPLNS system and a 0.9% fee, and at time of writing uses a multiple of five times bitcoin difficulty when calculating it’s rounds. It will pay a rate each time a block is found of 1/5 the value, and these are spread across shifts that last ~45-50 minutes, or when a block is found. The pool also shows an effective PPS rate, with 5 blocks found in a reward period being 100%, and this will fluctuate depending on how many blocks are found in the time. Once blocks mature after 120 confirmations, the reward is sent to your wallet.

On this, finding out the rewards is pretty annoying when compared to other pools. Rewards aren’t distributed from the coinbase like with the likes of Eligius, and there is no payout threshold, meaning lots of small payments, and no option to let it build up. Also, if your hashing power is too low, and your rewards per block are less than 0.0001 bitcoin, you will not get paid. I read that only once have they paid out this, so it’s a real disincentive if you are running minor amounts of bitcoin hashing power. Given what I said before about you being unable to set a payout threshold, this means you’ll just be wasting your hashing power. But even with 500ghs running there, we were getting well over that, so it’s only a case for really old or low hashing hardware.

Aside from poor statistics and interface, the pool does have 2FA for securing your account, but really other than that there isn’t much to this pool than that. No bells and whistles, just set up your account, and start mining with your worker, or point your bitcoin address to their mining address with a bitcoin address to mine anonymously. Given that the pool is developed by one of the people who has allowed bitcoin mining to flourish, you’d think the mining pool would have a more user friendly UI, but nonetheless the pool is solidly ticking away with a loyal group of miners, and getting a couple of blocks a day on average.

So in conclusion, CK Pool / Kano functions perfectly from the back end, but the front end leaves a lot to be desired. However, what they lack in looks, they more than make up with regular uninterrupted payouts. If you’re a very small scale miner, steer clear, but otherwise they’re there for people to try out who want to work using their PPLNS model, which is competitive against PPS mining pools, with a lower fee.

The CGMiner dev’s pool
  • Ease of Use
  • Payout threshold
  • Look and feel
  • Earning potential
  • Regularity of earnings
  • Security options

Summary

While created by one of the most respected developers in bitcoin, the pool has a poor interface for one made in 2015, and not being able to see basic things gives a disappointing user experience

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User Review

3.33 (9 votes)

Source: https://bitcoinsinireland.com/kano-ckpool-bitcoin-mining-pool-review/

Blockchain

Axie Infinity Records Holders ATH: 420% Year to Date Growth

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Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses.

Axie Sees Surge in Address Holders

According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This figure represents a new all-time high (ATH) and a 420% increase year-to-date (YTD). Meanwhile, this growth is indicative of the rising popularity of Axie Infinity and play-to-earn non-fungible token (NFT) gaming.

Back in July, CryptoPotato reported that the value of the AXS token skyrocketed nearly 400% within one month, leading to a market capitalization of over the $1 billion mark. Later in August, AXS was among the assets listed on the major cryptocurrency exchange Coinbase Pro, which also gave it an immediate boost.

Axis Infinity, developed by Sky Mavis and released in 2018, arguably popularised the play-to-earn trend and has recorded a number of impressive milestones in recent times. Data from DappRadar revealed that the project recorded over $2 billion in NFT sales volume, solidifying Axie’s place as the most valuable NFT collection, thereby surpassing major names such as CryptoPunks, Art Blocks, and NBA Top Shot.

The data also showed that more than 600,000 users traded Axis Infinity NFTs, resulting in 4,887,645 transactions. The project currently boasts over 1.5 million daily active users.


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According to Jeff Zirlin, co-founder of Axie Infinity, half of the platform’s users got to interact with cryptocurrency and blockchain for the first time through Axie, while 25% of them did not own a bank account.

The Growth of NFT Gaming

The NFT industry is becoming popular with celebrities, major sports leagues, and companies buying digital art in whatever form, or selling them. However, blockchain-based games are seeing a special kind of attention.

A report by DeFiPrime stated that the NFT Gaming market has a total market valuation of nearly $180 billion as of August 2021, with the value estimated to rise to $196 billion. An excerpt from the report reads:

“NFT games may have the potential to become the standard for the gaming market if it sees enough attention and popularity. Already they have made major changes to games and made it much more fun for players. From there, it could be a very major change to the way people play games and could be as major as Doom was to the market or 3D was for environments.”

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Source: https://cryptopotato.com/axie-infinity-records-holders-ath-420-year-to-date-growth/

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Blockchain

Bitcoin, Ethereum will draw their market strength from this key aspect

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Bitcoin and Ethereum are currently surviving a bearish scare, with both assets just about holding a position above their immediate supports. For Bitcoin, the $41,000-level is establishing a strong bounceback range while Ethereum has managed to remain above $3000.

On the contrary, some altcoins have recorded strong recoveries, with Solana, Bitcoin Cash, and Uniswap hiking by more than 10% in one 24-hour window.

Now, these altcoins seemed to have the relative edge at press time. However, there are a couple of key metrics which may allow us to evaluate the actual strength of Bitcoin, Ethereum as the market goes forward.

How much importance should be given to utility?

Source: Sanbase

Over the past few years, market stability has been dependent on different aspects. During the bullish rally of 2017, investor sentiment was key and when major traders started to become bearish, the digital assets collapsed.

Then, it was constructive institutional inflows at the beginning of 2019. At the time, it was suggested that institutions can allow tokens such as BTC, ETH to hold higher price positions. The price fell in 2020, irrespective of rising interest.

However, one key idea missed by most speculators might be the utility side of things, which is presently one of the most important functionality. Gone are the days when astute marketing allowed assets such as TRON to climb into the top-10.

Now, according to Santiment, Bitcoin has hit a two-month high in terms of circulation. What’s more, if the chart is closely observed, the average BTC transferred has risen consistently over the month of September.

Source: Sanbase

Similarly, Ethereum hit a similar feat but its 1-day circulation index was at a 3-month high, indicative of high token utility and movement.

Ethereum’s price has dropped sharply over the course of the past few weeks, but circulation has remained high.

Bitcoin, Ethereum spaces have evolved

Now, to be fair, it is important to account for volatility and the fact the circulation isn’t as high as it was during May 2021. However, maintaining a development and transaction-intensive ecosystem, one which allows the price to be built on strong foundations, is eventually advantageous.

Now, with respect to the assets that have grown over the past few days, besides BCH, both Solana and Uniswap are extremely utilized tokens. While one is the native token of a major DEX, another asset is currently responsible for bringing better L2 solutions.

Likewise, for Bitcoin and Ethereum, higher utility and circulation should keep the asset relevant, and progressively exhibit significant recoveries over Q4 of 2021.

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Source: https://ambcrypto.com/bitcoin-ethereum-will-draw-their-market-strength-from-this-key-aspect

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Swaps.app Offering Seamless Crypto Swaps With No KYC Process

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Swaps.app Offering Seamless Crypto Swaps With No KYC Process

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Swaps.app is simplifying how users are converting Bitcoin and other cryptocurrencies by eliminating the current barriers available in the market.

The EU-regulated company is changing how people swap cryptocurrencies for money with its “swap’n’Go” approach. The platform is a user-friendly space that allows anyone around the globe to effort conduct various trading activities.  

Swaps.app has various unique features. The platform notably offers low commissions and a faster transaction experience to its users compared to many other venues in the market.

Swaps.app offers the lowest fees in the industry while at the same time offering the best buying rates. Transactions performed on the Swaps.app employ price execution from top liquidity providers. In turn, this assures that Swaps.app customers get the best price possible for their purchase.

In addition, transactions on the platform take about 3 minutes. This is because there is no Know-Your-Customer (KYC) process and allows transactions to take three minutes to complete. This is a breath of fresh hair since the registration process associated with cryptocurrency exchanges is usually lengthy and cumbersome compared to most. The process has notably caused many people not to engage in cryptocurrency trade. 

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Another notable feature is that coins get to users’ digital wallets within 15 minutes of payment approval. Swaps.app has two currencies available for purchase, including Tether (USDT) and Bitcoin (BTC). Currently, the platform is accepting two payment methods, Visa and MasterCard debit and credit cards. Users can purchase varying amounts of cryptocurrencies up to €1,000 per month.

To merchants and developers, Swaps.app provides a convenient order widget that can be integrated into any webpage with just a few clicks.

In addition to being regulated by the authorities, Swaps.app integrates a full 3-DS V2 for safe and secure transactions. Reportedly, card purchases that use PCI DSS Level 1 certification will be authorized by code and verified by Visa or Mastercard ID Check.

Swaps.app is now available to over 160 plus countries and is available 24/7 throughout the year. The platform is owned and operated by Octo Liquidity, based in Tallinn, Estonia.

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Source: https://zycrypto.com/swaps-app-offering-seamless-crypto-swaps-with-no-kyc-process/

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