Bitcoin.com Pool, PPS

[NotFuzzyWarm]

many people follow my signature  and use alt coins to get around btc being stuck unless you pay a big fee.

I wouldn't quite call it being stuck -- more of a forced learning of BTC's growth pains.

Satoshi stated the whole point of Halvings is to force the use of higher and higher Tx fees with the (hopefully far future) end goal of no block rewards at all meaning all income is only from Tx fees.

[philipma1957]

many people follow my signature  and use alt coins to get around btc being stuck unless you pay a big fee.

I wouldn't quite call it being stuck -- more of a forced learning of BTC's growth pains.

Satoshi stated the whole point of Halvings is to force the use of higher and higher Tx fees with the (hopefully far future) end goal of no block rewards at all meaning all income is only from Tx fees.

I now have an account with them.  I will review them over the next month.


Semantics as to what stuck is.    Paying 5 usd to move 300 usd is not so good.

this type of transaction is what I mean by stuck

https://www.blocktrail.com/BTC/tx/d8d6dc5efeccfa97cb5c8c53d129cbf2b6d4bc44d7bd935ed98f5cb420b8b48f

[NotFuzzyWarm]

$300 and $5 fee is only 1.6% additional cost.

I understand stuck: last week I xfr'd 2.9BTC to Coinbase to cashout a bit at good exchange rate. Even added 0.01BTC  - about $12 - above the suggested fee. Still took nearly 3 days for the block to be confirmed even once and around 1/2 day more for the 3 confs Coinbase requires before releasing the coins to sell. Thankfully BTC price was fairly stable during those 3 days.

Well, the the only thing the BTC Tx fee can be compared to is what credit card companies charge merchants to use their services. As I recall even the likes of Walmart pay around 2-3% of every purchase. Using your $300 even a 2% fee is still $6 Walmart et al have to tack onto our cost for the goods. I can happily also say that several local small stores near me give a 5% discount for cash purchases vs using credit or debit cards so...

I've never had a PayPal account but don't they skim some off the top of each transaction that goes through them as well?

[leowonderful]

Add to that the fact that BTC is pretty damn secure if you use it right (mixers, etc for security if you wish) and it offsets the cost of the transaction fees in my opinion.  You can always choose another cryptocurrency for quicker txs if you like but BTC is the capstone for all of them. Of course people will always complain about tx fees and segwit and lightning network never getting through but it's still cheaper than other methods like credit cards for now.

[Swimmer63]

I've never had a PayPal account but don't they skim some off the top of each transaction that goes through them as well?

Yes - if it's a business transaction they do take 2-3%.  If it's me sending money to you, out of the goodness of my heart, there is no fee.

I recommend the Ledger wallets.  Not sure what voodoo they do, but if you set the fee to "highest" level, which is their default, you will not pay a crazy amount and transaction will go through on the next block.

[NotFuzzyWarm]

More than a bit OT now... but the PayPal no-fee-for person-to-person brings to mind the only other alternative for that eg. Western Union. Again - fee.

No matter what, by design BTC Tx fees MUST go up to finance operations be it Mega Farms, us smaller farms/miners and along with us - Pools.. Bigger problem with that is, the Powers That Be must get off their duffs and soon decide on how to make bigger blocks to handle the increased volume of transactions! Even with folks paying more the chain is still pretty backed up...

I recommend the Ledger wallets.  Not sure what voodoo they do, but if you set the fee to "highest" level, which is their default, you will not pay a crazy amount and transaction will go through on the next block.

I've looked at them in the past. Just am not comfortable with having to rely on a physical device that will (someday) fail.

edit: Oh, re: coin mixers.
Whyy does the Media and so many folks think BTC Tx's are 'secure'? It's an open Public Ledger fer chrissake.

In early 2015 at the end of the AMT/Bitmine.ch A1 miner mess (at least my involvement with it), Opium2 and I brought up the matter of tracking BTC movements to/from AMT/ it's owner Joshua Zipkin, with a Dr. of CompSci friend of ours. Being intrigued with blockchain uses, he bit. I gave him VPN access to my RenderBeast (I dabble in 3D art) - which for then was 2nd from the top 6-core i7 ($1,800 for the CPU!) loaded with 128GB of insanely fast memory and a 1TB SSD array. Damn fine AMD GPU as well which today is  prolly around $100 or less. At the time I got it - ouch...

He set up a local Full Bitcoin Node on it and within 2 weeks had written a tracer that takes any wallet address(s) as inputs, searches the entire chain at a rate of >50k Tx/Sec and reports all instances of and paths the coins took. In the process, since he was using Haskell he found some of their blockchain-specific search functions to be - lacking. Wrote streamlined versions that were Pushed and are now there for all. to use. One interesting find was early on several large BTC transfers from Josh (AMT) to a known KnC wallet later followed a very steady 2x per-week 10BTC income to Josh's wallet from a KnC farm that was probably running A1 rigs that were kept from the screaming Public customers of Bitmine.ch (and AMT). Strangest part about that is that KnC and Bitmine.ch were supposed competitors so wtf? ...

[Rodderman]

This pool uses FPPS mining mode not PPS whats the difference?

do they  keep part of the fees?

[icon73]

So I go to the site and get endless bull shit.
no mining instructions at all.
well just spent 30 more minutes   how the fuck do I mine here?
whomever set this up has me baffled.
I would have mined but come on  no way will I mine here now.
no address to point the miners to.
no pool stats what the f is this site?

On the front page of pool.bitcoin.com there is a box on the right of the screen that says "Start Mining" and it has all of user data, and server data.  I suppose its' easy to miss.  Obviously you need to "sign up" to get to the home screen.

[philipma1957]

So I go to the site and get endless bull shit.
no mining instructions at all.
well just spent 30 more minutes   how the fuck do I mine here?
whomever set this up has me baffled.
I would have mined but come on  no way will I mine here now.
no address to point the miners to.
no pool stats what the f is this site?

On the front page of pool.bitcoin.com there is a box on the right of the screen that says "Start Mining" and it has all of user data, and server data.  I suppose its' easy to miss.  Obviously you need to "sign up" to get to the home screen.

which i mentioned that i did  a few post later.

[icon73]

So I go to the site and get endless bull shit.
no mining instructions at all.
well just spent 30 more minutes   how the fuck do I mine here?
whomever set this up has me baffled.
I would have mined but come on  no way will I mine here now.
no address to point the miners to.
no pool stats what the f is this site?

On the front page of pool.bitcoin.com there is a box on the right of the screen that says "Start Mining" and it has all of user data, and server data.  I suppose its' easy to miss.  Obviously you need to "sign up" to get to the home screen.

which i mentioned that i did  a few post later.

Oh good.  Glad you found it.

[Swimmer63]

I've looked at them in the past. Just am not comfortable with having to rely on a physical device that will (someday) fail.

edit: Oh, re: coin mixers.
Whyy does the Media and so many folks think BTC Tx's are 'secure'? It's an open Public Ledger fer chrissake.

I swear I don't need to have the last word.

Yes - at some point if you use it long enough it will fail.  But of course you do have recovery methods, like any other wallet.  I like the security without having to go through the paper wallet thing.

Mixers - most mixers are easily traceable and not worth the time.  The only ones I have seen that could be legit are ones that give you newly minted coins.  But even then you need to break up transactions, send to multiple addresses, never use the same address twice, etc.  You can do it, but it's involved and costs you 2-3% at a minimum.

And that's all I have to say about that.

[philipma1957]

Moron pool software.

I wanted to mine to this address:

 https://blockchain.info/address/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

I put it in.  this morning the btc address reads phil...  not 16y...

So I put 16y...  I lock it

It auto switches back to philipma1...  and locks the motherfucker

and I now have to wait a day to unlock the address.

see photo

to pool owner   get a good programmer  as the philipma1...  is not a valid btc address and should never be allowed to be entered no less locked

so Far not impressed with the pool.

As there was no reason for my entered address to switch from 16y... to philipma1...

I am about 10 seconds away from just saying %^&$^%#$%%

[icon73]

Moron pool software.

I wanted to mine to this address:

 https://blockchain.info/address/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

I put it in.  this morning the btc address reads phil...  not 16y...

So I put 16y...  I lock it

It auto switches back to philipma1...  and locks the motherfucker

and I now have to wait a day to unlock the address.

The fields in your photo are yellow.  Your safari browser thinks it's a username and password field and it is entering your username and password into the field.  Maybe you should give up on the pool.  So far you have pretty much made yourself look silly with your complaining.  i'm a noob and I can figure the stuff out...  Or if you really need the help, stop adding the four letter words and the derogatory comments about the software engineers.

Under user pages, click account, and see what your current pay out address is.  It may be correct and your browser with it's auto fill are just confusing you.

[philipma1957]

Moron pool software.

I wanted to mine to this address:

 https://blockchain.info/address/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

I put it in.  this morning the btc address reads phil...  not 16y...

So I put 16y...  I lock it

It auto switches back to philipma1...  and locks the motherfucker

and I now have to wait a day to unlock the address.

The fields in your photo are yellow.  Your safari browser thinks it's a username and password field and it is entering your username and password into the field.  Maybe you should give up on the pool.  So far you have pretty much made yourself look silly with your complaining.  i'm a noob and I can figure the stuff out...  Or if you really need the help, stop adding the four letter words and the derogatory comments about the software engineers.

Under user pages, click account, and see what your current pay out address is.  It may be correct and your browser with it's auto fill are just confusing you.

it works better in chrome  thanks for your help

[ivvyme]

No auto withdrawn as setting.

Today I try withdrawn and its bout 23% fees of my withdrawn amount. Feel like being scam.

[icon73]

No auto withdrawn as setting.

Today I try withdrawn and its bout 23% fees of my withdrawn amount. Feel like being scam.

Maybe turn on auto withdraw?  If you go into settings, and you configure an auto withdraw address you will get your btc every night at 10pm PST.  I cannot comment on your fees for an on demand withdrawal.  According to the FAQ it says the pool doesn't charge any fees.  You could check the support thread on bitcoin.com maybe.

[ivvyme]

First reply on why the auto withdrawn is not working
Sorry, autowithdrawals were late today.
We'll make sure that it runs on time in the future.

2nd reply on why there is a hidden fees on withdrawn
Unfortunately the blocks are always full, so the bitcoin network transaction fees are very high. We're getting the fees from the 21 fee API: https://bitcoinfees.21.co/

Hopefully we can hard fork to a larger block size so that your transaction fees will be lower.


Nothing mention on fees during withdrawn and its almost 23%

[icon73]

First reply on why the auto withdrawn is not working
Sorry, autowithdrawals were late today.
We'll make sure that it runs on time in the future.

2nd reply on why there is a hidden fees on withdrawn
Unfortunately the blocks are always full, so the bitcoin network transaction fees are very high. We're getting the fees from the 21 fee API: https://bitcoinfees.21.co/

Hopefully we can hard fork to a larger block size so that your transaction fees will be lower.


Nothing mention on fees during withdrawn and its almost 23%

I just checked, and I got my normal payment.  No idea how to help. Sorry

[Swimmer63]

First reply on why the auto withdrawn is not working
Sorry, autowithdrawals were late today.
We'll make sure that it runs on time in the future.

2nd reply on why there is a hidden fees on withdrawn
Unfortunately the blocks are always full, so the bitcoin network transaction fees are very high. We're getting the fees from the 21 fee API: https://bitcoinfees.21.co/

Hopefully we can hard fork to a larger block size so that your transaction fees will be lower.


Nothing mention on fees during withdrawn and its almost 23%

I just checked, and I got my normal payment.  No idea how to help. Sorry

If you paid a 23% fee you must have had an infinitesimally small reward.  My fee was 0.0662%. Reward 0.07121171 btc, fee 0.00004715.  Or it was about 6 cents on an $89.30 reward.

[philipma1957]

First reply on why the auto withdrawn is not working
Sorry, autowithdrawals were late today.
We'll make sure that it runs on time in the future.

2nd reply on why there is a hidden fees on withdrawn
Unfortunately the blocks are always full, so the bitcoin network transaction fees are very high. We're getting the fees from the 21 fee API: https://bitcoinfees.21.co/

Hopefully we can hard fork to a larger block size so that your transaction fees will be lower.


Nothing mention on fees during withdrawn and its almost 23%

I just checked, and I got my normal payment.  No idea how to help. Sorry

If you paid a 23% fee you must have had an infinitesimally small reward.  My fee was 0.0662%. Reward 0.07121171 btc, fee 0.00004715.  Or it was about 6 cents on an $89.30 reward.

yeah  but if auto withdrawal is every day  to pull  .0712 btc you need to mine at about 120th or 10 s9's


I only put 60th  at pool for now.

so i will bump it to 150th