Bitcoin Forum

Bitcoin => Pools => Topic started by: kiwiasian on June 15, 2011, 03:26:14 AM



Title: Why don't pools pay out the full BTC amount?
Post by: kiwiasian on June 15, 2011, 03:26:14 AM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: ItsASpork on June 15, 2011, 06:01:06 AM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: tiberiandusk on June 15, 2011, 06:02:42 AM
Eligius


Title: Re: Why don't pools pay out the full BTC amount?
Post by: zale on June 15, 2011, 07:12:09 AM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
Wrong. I have something with 6 or seven digits after the .


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Sukrim on June 15, 2011, 07:36:01 AM
Then you have a client after 3.20 (3.21, 3.22 or 3.23) ::)


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Maged on June 15, 2011, 08:45:44 AM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Chucksta on June 15, 2011, 11:46:58 AM
I guess they need some way to cover their costs.

More pools needed on the Namecoin (NMC) side !!!


Title: Re: Why don't pools pay out the full BTC amount?
Post by: PabloW on June 15, 2011, 01:50:36 PM
How can I upgrade my client without having to uninstall the one I have now and restoring the wallet.dat? Im afraid of losing my coins if I do that =/


Title: Re: Why don't pools pay out the full BTC amount?
Post by: slush on June 15, 2011, 03:48:53 PM
For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC.

Possibility to send full amount thru bitcoin network is pretty new, not everyone has newest client, so I simply didn't turn on full payouts yet. But technically there's no reason to cut payouts to two decimal places.

Edit: pool now pays out full BTC amount, so this discussion is slightly outdated now.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: kiwiasian on June 15, 2011, 04:43:18 PM
How can I upgrade my client without having to uninstall the one I have now and restoring the wallet.dat? Im afraid of losing my coins if I do that =/

Just install right over it. Your wallet.dat is not in the program files folder. It's located in a temporary folder in your AppData\Roaming.

You can back it up anyways just to be safe though.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Graet on June 22, 2011, 12:37:10 AM
https://ozco.in a new au tracker servicing au, nz and se asian miners pays out to full 8 decimal paces


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Reikoku on June 22, 2011, 02:41:59 AM
Mineco.in pays out the full amount. ::)


Title: Re: Why don't pools pay out the full BTC amount?
Post by: redditorrex on June 24, 2011, 03:23:00 AM
as does MtRed.com (http://MtRed.com)


Title: Re: Why don't pools pay out the full BTC amount?
Post by: djgtr on June 26, 2011, 12:22:19 AM
I think everyone has had enough time to get the newer versions. Bring on payments to 8 decimal places. I hate switching pools and having to leave some there :(


Title: Re: Why don't pools pay out the full BTC amount?
Post by: relm9 on June 26, 2011, 12:27:12 AM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.

Could be wrong, but I don't think you actually lose the money. The client just can't "see" it. So if you upgraded to the latest you'd be able to see your full balance.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: pennytrader on June 26, 2011, 12:38:22 AM
This is important for CPU miners, since their payout is very small. All major pools (deepbit, btcguid, slush) should switch to pay in full.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: slush on June 26, 2011, 11:40:08 AM
This is important for CPU miners, since their payout is very small. All major pools (deepbit, btcguid, slush) should switch to pay in full.

bitcoind used on my pool has some major custom changes, so it is not just about "download&install". I'm moving my patches to .23 in those days, but I have to be absolutely sure that it doesn't break anything...


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Maged on June 26, 2011, 10:42:55 PM
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.

Could be wrong, but I don't think you actually lose the money. The client just can't "see" it. So if you upgraded to the latest you'd be able to see your full balance.
No, you lose it. The next spend you make would use it as a transaction fee.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: muyoso on June 26, 2011, 10:49:52 PM
They say its because an old wallet would only allow .xx bitcoins, but in reality its because they can basically steal a small portion of a bitcoin from thousands and thousands of accounts.  Doesn't seem like much until you realize that thousands of accounts are in the same position.


Title: Re: Why don't pools pay out the full BTC amount?
Post by: Mousepotato on June 26, 2011, 11:29:51 PM
They say its because an old wallet would only allow .xx bitcoins, but in reality its because they can basically steal a small portion of a bitcoin from thousands and thousands of accounts.  Doesn't seem like much until you realize that thousands of accounts are in the same position.
Like in Superman III...


Title: Re: Why don't pools pay out the full BTC amount?
Post by: muyoso on June 26, 2011, 11:34:19 PM
Like in Superman III...
I genuinely laughed out loud.