Bitcoin Forum
November 19, 2024, 02:12:50 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Why don't pools pay out the full BTC amount?  (Read 3600 times)
kiwiasian (OP)
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
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.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
ItsASpork
Member
**
Offline Offline

Activity: 82
Merit: 10


View Profile
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.

Feeling Generous? 16Zo6werKP4akoTfHc9P5XXBGS2jFqeuSt
Support the Bitcoin Faucet
tiberiandusk
Hero Member
*****
Offline Offline

Activity: 575
Merit: 500


The North Remembers


View Profile WWW
June 15, 2011, 06:02:42 AM
 #3

Eligius

Bitcoin Auction House http://www.BitBid.net BTC - 1EwfBVC6BwA6YeqcYZmm3htwykK3MStW6N | LTC - LdBpJJHj4WSAsUqaTbwyJQFiG1tVjo4Uys Don't get Goxed.
zale
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile
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
Legendary
*
Offline Offline

Activity: 2618
Merit: 1007


View Profile
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

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
Maged
Legendary
*
Offline Offline

Activity: 1204
Merit: 1015


View Profile
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
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
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
Full Member
***
Offline Offline

Activity: 228
Merit: 106


View Profile
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 =/
slush
Legendary
*
Offline Offline

Activity: 1386
Merit: 1097



View Profile WWW
June 15, 2011, 03:48:53 PM
Last edit: September 14, 2011, 05:09:26 PM by slush
 #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 (OP)
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
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.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
Graet
VIP
Legendary
*
Offline Offline

Activity: 980
Merit: 1001



View Profile WWW
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

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
Reikoku
Full Member
***
Offline Offline

Activity: 140
Merit: 100


firstbits: 1kwc1p


View Profile
June 22, 2011, 02:41:59 AM
 #12

Mineco.in pays out the full amount. Roll Eyes

Rei | 1Kwc1pqv54jCg8jvnm3Gu1dqFQYhS34Bow
Trades So Far: 7
redditorrex
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


Nom Nom Nom


View Profile WWW
June 24, 2011, 03:23:00 AM
 #13

as does MtRed.com

Reddit Mining Team - MtRed.com = Pure PPS + #00GH/s + LP(+) + AutoPay&InstaPay + Audio Notifications
Find us in #mtred @ irc.freenode.net
djgtr
Sr. Member
****
Offline Offline

Activity: 951
Merit: 250


View Profile
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
relm9
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000



View Profile
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
Sr. Member
****
Offline Offline

Activity: 254
Merit: 250


View Profile
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.

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
slush
Legendary
*
Offline Offline

Activity: 1386
Merit: 1097



View Profile WWW
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...

Maged
Legendary
*
Offline Offline

Activity: 1204
Merit: 1015


View Profile
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.

muyoso
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
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!
Mousepotato
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


Seal Cub Clubbing Club


View Profile
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...

Mousepotato
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!