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Author Topic: Why don't pools pay out the full BTC amount?  (Read 3415 times)
kiwiasian
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June 15, 2011, 03:26:14 AM
#1

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.

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ItsASpork
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June 15, 2011, 06:01:06 AM
#2

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.

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June 15, 2011, 06:02:42 AM
#3

Eligius

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zale
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June 15, 2011, 07:12:09 AM
#4

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 .
Sukrim
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June 15, 2011, 07:36:01 AM
#5

Then you have a client after 3.20 (3.21, 3.22 or 3.23) Roll Eyes

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June 15, 2011, 08:45:44 AM
#6

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.

Chucksta
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June 15, 2011, 11:46:58 AM
#7

I guess they need some way to cover their costs.

More pools needed on the Namecoin (NMC) side !!!
PabloW
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June 15, 2011, 01:50:36 PM
#8

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 =/
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June 15, 2011, 03:48:53 PM
#9

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.

kiwiasian
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June 15, 2011, 04:43:18 PM
#10

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.

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Graet
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June 22, 2011, 12:37:10 AM
#11

https://ozco.in a new au tracker servicing au, nz and se asian miners pays out to full 8 decimal paces

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Reikoku
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June 22, 2011, 02:41:59 AM
#12

Mineco.in pays out the full amount. Roll Eyes

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June 24, 2011, 03:23:00 AM
#13

as does MtRed.com

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djgtr
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June 26, 2011, 12:22:19 AM
#14

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 Sad

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relm9
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June 26, 2011, 12:27:12 AM
#15

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.
pennytrader
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June 26, 2011, 12:38:22 AM
#16

This is important for CPU miners, since their payout is very small. All major pools (deepbit, btcguid, slush) should switch to pay in full.

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June 26, 2011, 11:40:08 AM
#17

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...

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June 26, 2011, 10:42:55 PM
#18

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.

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June 26, 2011, 10:49:52 PM
#19

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.

I drink it up!
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June 26, 2011, 11:29:51 PM
#20

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...

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