Bitcoin Forum

Hello everyone, I am mining Eth since late 2017 and after EIP 1559 I have a question I can't find an answer (even with google help :)).

For a long time I thought that I was paying my transaction fee when I was getting a payout from my pool but with the last change from EIP 1559 I know now that it was not the case and that until EIP the pool were paying it.

Until EIP 1559 Pool minimum payout was pretty high (0.05 for nanopool, 0.1 for HiveOn etc...) and many miners made the choice of a pool depending of the minimum payout settings.

Now things have changed and many pool have lowered their minimum payout (but make miners pay their transactions fees).

If I understand correctly how Gwei and GAS works, even if I pay up to 500 Gwei its like 0.15 $ so it is very cheap.

If it is the case my question is, why do not pool Don't have even lower payout settings and why did they previously set their minimum payout so high ?

For example my RIGS make like 70 $ a day, I Don't care to pay 0.15$ a day to cash my Eth, its like 0.2% of the total amount.

For little miners reaching the minimal payout could take weeks or even months, so if you know the Reason why or if I am missing a point please tell me ;)

I heard ethermine is so cruel with fees right now but I don't use ethermine and the pool I'm using is 100% free withdrawal through coinEX, that's the work of ViaBTC pool, another good one is hiveon pool which stays almost zero I guess ( from what others are saying ), I'm on crazy pool today due to high reward but I don't still know how their fee is been handled.

I dont know how did you calculated 500gwei to 0.15$.
What i see on etherscan 50gweis is around 2$ when eth price at 3k

https://etherscan.io/gastracker

I mine at https://ethermine.org/
On this pool, you can set the maximum gas price.
For example 30 Gwei. When the gas price drops, the pool will send you your payout.
I heard that there are no commissions on the binance pool, but your reward goes to your account on the exchange, where you can immediately sell it with a minimum commission.

I also mine at Ethermine but the problem with them is that is true that lately they are using high fees,I have set it to a minimum acceptable by them but is still more than 2 dollars per transaction.Yesterday I received my payout which I have set a minimum of 0.015 Ethereum and I received 0.0141 and the fee was 0.0009 Ethereum which at the actual price of Ethereum is more than 2 dollars,almost 3 dollars fee which is not that low anymore.

It seems like binance pool and ViaBTC are the best in terms of withdrawal fee, the charge is none to zero but the pool performance is why people don't like using them but honestly I just prefer them over others