[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[Mudbankkeith]

Time to pencil mod and UC my S1's! 

Where is the link to under clocking an S1?

Here ya go
https://bitcointalk.org/index.php?topic=526060.0;all

got it,   thanks

[mstrongbow]

Time to pencil mod and UC my S1's! 

Where is the link to under clocking an S1?

Here ya go
https://bitcointalk.org/index.php?topic=526060.0;all

got it,   thanks

You bet!

[thchillah]

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.

[kkurtmann]

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.

dude! haven't you seen what is still to be delivered? network hash rate will probably double by the end of summer.

[Niggle]

Is there any reason to not set the payout threshold to the minimum amount?

[mstrongbow]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

[Skydaddy]

Is there any reason to not set the payout threshold to the minimum amount?

Other than it would be approx $6 or less, and that there are no exchanges that will convert it to cash unless you had 10X of them, No, I couldn't think of any.................... OH yeah, maybe patience!

[kkurtmann]

yes, these reasons. and... if you really need your 6 bux a day, maybe try and get a job.
I try to set payout to once a week or once per month.

[Skydaddy]

yes, these reasons. and... if you really need your 6 bux a day, maybe try and get a job.
I try to set payout to once a week or once per month.

1+

[Benjy_Bronk]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

[danleuthner]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

[Benjy_Bronk]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

Ahhh, gotcha. Thank you.

[thchillah]

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.

dude! haven't you seen what is still to be delivered? network hash rate will probably double by the end of summer.

What do you mean with "what is still to be delivered"?
i knew the high electricity prices in my country are going to kill me (0.24 €/kWh)...  but i didn't expect that fast growing of the network. damn..

[mstrongbow]

yes, these reasons. and... if you really need your 6 bux a day, maybe try and get a job.
I try to set payout to once a week or once per month.

I personally have mine set to payout everyday, sometimes more than once in a day, depending the pool luck.
I don't mind paying a few cents in transaction fees to get my BTC sooner as I would rather sit on it in MY wallet than leave it on the pools wallet and something happen to the pool wallet or whatever. Better safe than sorry.

[spazzdla]

yes, these reasons. and... if you really need your 6 bux a day, maybe try and get a job.
I try to set payout to once a week or once per month.

I personally have mine set to payout everyday, sometimes more than once in a day, depending the pool luck.
I don't mind paying a few cents in transaction fees to get my BTC sooner as I would rather sit on it in MY wallet than leave it on the pools wallet and something happen to the pool wallet or whatever. Better safe than sorry.

This... if I had 90 milibtc on slushis and it went down permanetly I wouldn't be happy.

[Niggle]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

Aren't transaction fees charged to the sender anyway? These would be operational costs for slush coming out of his income (2% fees) wouldn't they?

[eleuthria]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

Aren't transaction fees charged to the sender anyway? These would be operational costs for slush coming out of his income (2% fees) wouldn't they?

Yes, slush will have to pay transaction fees for your payouts.  However, when you try to spend your minimum payout coins, you too will be paying fees.

Bitcoin network fees are based on coin age and the size of your transaction.  Having lots of small inputs will end up costing you more in fees than a few larger inputs.  As a matter of fact, sufficiently large inputs are typically spendable with no fee while still having very fast confirmation times because the transaction will be less than 1 KB and have a high priority due to the number of confirmations on a single large input (meaning it will have very high "age" as part of the calculation for whether a transaction is spam).

[kkurtmann]

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

Aren't transaction fees charged to the sender anyway? These would be operational costs for slush coming out of his income (2% fees) wouldn't they?

Yes, slush will have to pay transaction fees for your payouts.  However, when you try to spend your minimum payout coins, you too will be paying fees.

Bitcoin network fees are based on coin age and the size of your transaction.  Having lots of small inputs will end up costing you more in fees than a few larger inputs.  As a matter of fact, sufficiently large inputs are typically spendable with no fee while still having very fast confirmation times because the transaction will be less than 1 KB and have a high priority due to the number of confirmations on a single large input (meaning it will have very high "age" as part of the calculation for whether a transaction is spam).

this is why I get larger payouts. I spend most of my BTC and have never paid fees.

[psahx]

this is why I get larger payouts. I spend most of my BTC and have never paid fees.

Can you please explain on an example, how exactly you do that?

[Mentalfloss]

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.

dude! haven't you seen what is still to be delivered? network hash rate will probably double by the end of summer.

I retired 18 Erupter Blades a few weeks ago and my S1's will no longer be profitable soon as well. The blades were running since September of last year and did well, the S1's covered their cost and just a little over. It makes me wonder how the guys who spent >$2,000 on terrahash units will be doing in a couple of months, do you think they'll manage to recover 50% of cost before they are fully depreciated?