Bitcoin Forum

Hey guys,

I'm part of a mining pool - and I've set my threshold at 0.01 for my transfers - is there any benefit from keeping it lower or making it higher?

is there a higher transaction fee for lots of small payments rather than a large one or whats the deal with all of this?

Cheers

0.01 is good. 0.05 even better.

how come?

Higher input amounts are always better. Cheaper to spend it.

Well, there is a transaction fee, on most pools.
Which pool are you using?  It wouldn't matter that much, unless your pool is crazy xD
Also, it depends on your mining gear.  If it takes you weeks or months to get to 0.01 BTC, I suggest you put it there.  If you mine 0.05 easily in a week or two, put it higher.

Im with Slush pool

I get around 0.05 each day if not a bit more than that

On (most?) pools you don't pay transfer fees when auto-payout is used. The pool absorves those fees because they pay out to multiple outputs on a single transfer.

Correct me if I'm wrong, though...

Many pools may cover fees from their operation profits but multiple outputs doesn't have that much of an effect on fees.  Fees are per kb and more outputs = larger tx = larger fee.

Still getting paid in larger increments is better (even w/ no withdrawal fee) because everything else being the same having 1x 0.1 BTC ouptut to spend is better than having 100x 0.001 BTC outputs to spend.