Title: Tx fees on the rise - make sure you get paid Post by: DrHaribo on September 29, 2016, 04:07:17 PM https://twitter.com/oocBlog/status/781259179470249984
Mining income from transaction fees is becoming important. You think you are mining PPS with a 3% fee? When the pool doesn't pay out transaction fee income, the actual fee is over 6% ! Mining PPLNS with 0% fee but no tx fee payout? You are actually paying a 3.1% fee. A new block now has 12.5 new bitcoins and an average 0.4 BTC from transaction fees. An average mining income of 12.9 BTC per block. The 0.4 BTC is 3.1% of this. Tx fee income will likely be even more than 3.1% in the near future. Check your pool's reward conditions today. P.S. If you mine at a pool that frequently mines empty blocks, then there will of course also be reduced income from transaction fees, even if they are paid out. Title: Re: Tx fees on the rise - make sure you get paid Post by: jonnybravo0311 on September 29, 2016, 06:06:53 PM Preach on, brother!
Think about this folks... why are you giving up so much of your earnings? Look into the details and see the reality. Antpool may look like a good choice... 0% PPLNS and only 1.5% PPS. Sounds pretty good, right? Except if you read the payout details (https://www.antpool.com/support.htm) you'll notice the following: Quote Tx Fee Not paid out to miners for maintaining cost and the bonus for our engineers That means an average of 3.1% of your income is being absorbed by Antpool if you choose PPLNS, and an even worse 4.6% if you choose PPS.Pools mining empty blocks? Less income for you because there are no transactions, and hence no transaction fees included. There are a number of great alternatives out there for you. Maximize your income and help support pools that actually care about the Bitcoin ecosystem. |