Bitcoin Forum

Alternate cryptocurrencies => Pools (Altcoins) => Topic started by: Qbol on June 20, 2017, 09:40:26 PM



Title: Where to mine with quick pay out?
Post by: Qbol on June 20, 2017, 09:40:26 PM
I've just set my first rig and I wanted to start mining on the pool which have low bar of payouts. Just need to try whether I've set correctly my weallet etc. For now I'm using ethpool.org along with windows client of Ethereum Wallet (think it's called Mint). Not sure how both works... on the pool website there is info that they are paying after 10 confirms, I have over 30 now and still no coins in my wallet. But here second question appears: Will I get transfers in the Ethereum Wallet under the Account level? There is option to create something like contracts or so called wallets, but you have to have some coins in your balance already to create wallet. Question is whether I'll get any payments from ethpool.org to this ,,Account'' lvl and when?


Title: Re: Where to mine with quick pay out?
Post by: virasog on June 25, 2017, 07:50:50 PM
Not really enough information there to answer your question fully, but here are some important facts.  First, limit your payouts.  I know that you want to get your hands on your coins, but each payout comes with a fee and that will eat up your money.  Imagine that the transfers are all ATM withdrawals and they all have that $4 ATM fee, although the network fees on alt coins vary, the concept is the same.
Now, this is a hard one to fully understand, but can be very important.


Title: Re: Where to mine with quick pay out?
Post by: posternat on June 25, 2017, 08:07:19 PM
You are paid on your contribution to the pool as shares, but they are a couple different ways it can be done.  Proportional pay should put a payment amount into your mining pool account each time a block is found or solved.  That is usually around 15-20 minutes, but they have been very long in the past and there are always quick blocks too.


Title: Re: Where to mine with quick pay out?
Post by: taxmanmt5 on June 26, 2017, 04:32:51 PM
PPLNS is the same concept, but it does not care about what point in the block chain it is, just what your share percentage is at that moment.  PPLNSG is the same as PPLNS, but the pay is handed out in shifts, usually 20 minutes long.


Title: Re: Where to mine with quick pay out?
Post by: Qunenin on June 26, 2017, 04:34:07 PM
PPLNS is the same concept, but it does not care about what point in the block chain it is, just what your share percentage is at that moment.  PPLNSG is the same as PPLNS, but the pay is handed out in shifts, usually 20 minutes long.

Where this all comes to bear is how you mine.  If you are going to be constantly stopping, for whatever reason, then PPLNS is not the way to go.  As soon as you start mining, your share percentage goes up quickly and stays there, it then drops nearly as quickly once you stop mining. If the pool pays once per day and you stop mining two hours before that, then you will likely get paid nothing for that day, even if you steadily mined the other 22 hours. 


Title: Re: Where to mine with quick pay out?
Post by: jennywhzz on June 30, 2017, 06:54:58 PM
PPLNS is the same concept, but it does not care about what point in the block chain it is, just what your share percentage is at that moment.  PPLNSG is the same as PPLNS, but the pay is handed out in shifts, usually 20 minutes long.

PPLNSG would have dropped payouts on a regular basis to you during the 22 hours you mined and those are yours whether you stop mining or not.  Proportional would have paid some out to you also, but it would have depended on how many blocks were found during the 22 hours that you mined.


Title: Re: Where to mine with quick pay out?
Post by: mrayazgul on June 30, 2017, 06:57:05 PM
Lastly, there are pools that do not require a fee, and there are those with higher fees.  Take a look at this chart to help you understand and choose. 
Code:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools