[Question] What does shared fees means ?

Bitcoin Forum

November 09, 2024, 04:01:18 AM

Welcome, Guest. Please login or register.

News: Latest Bitcoin Core release: 28.0 [Torrent]

Home

Help

Bitcoin Forum > Bitcoin > Mining > Pools > [Question] What does shared fees means ?

Pages: [1]

« previous topic next topic »

Author

Topic: [Question] What does shared fees means ? (Read 1209 times)

Jiuks (OP)

Newbie

Offline

Activity: 22
Merit: 0

[Question] What does shared fees means ?

September 15, 2016, 01:23:16 AM

What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?

wmabern

Hero Member

Offline

Activity: 658
Merit: 500

Visualize whirledps

Re: [Question] What does shared fees means ?

September 15, 2016, 01:28:11 AM

Quote from: Jiuks on September 15, 2016, 01:23:16 AM

Probably means the transaction fees on each block are shared amongst the miners.

BITMIXER.IO Gone Baby, Gone.. ;-)
Not any good sig campaigns out there that I want!

kano

Legendary

Offline

Activity: 4620
Merit: 1851

Linux since 1997 RedHat 4

⇾ Re: [Question] What does shared fees means ?

September 15, 2016, 03:29:18 AM

Quote from: wmabern on September 15, 2016, 01:28:11 AM

Quote from: Jiuks on September 15, 2016, 01:23:16 AM

Probably means the transaction fees on each block are shared amongst the miners.

And currently they average over 2% - so any pool paying PPS or not sharing the fees on PPLNS is charging it's miners a big pool fee.

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee Bitcointalk thread: Forum
Discord support invite at https://kano.is/ Majority developer of the ckpool code - k for kano
The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer

philipma1957

Legendary

Online

Activity: 4298
Merit: 8823

'The right to privacy matters'

Re: [Question] What does shared fees means ?

September 15, 2016, 03:54:46 AM

Quote from: Jiuks on September 15, 2016, 01:23:16 AM

A block is 12.5 coins plus the fees for the coins sent inside that block.

Those fees are transaction fees.

The typical block is now 12.75 in size. .25 which are the transaction fees.

So if a 12.75 block is found a no fee pool such as antpool pays out 12.5 and keeps the .25 in transaction fees.

Which is really a fee of 2 % or so.

A pool that charges 1 % but shares the transaction fees would keep .1275 of a 12.75 block and pay out

12.625 of that block.

So be careful when you read what is really paid out.