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Question: What type of pool payouts do you prefer?
Bitcoins - 3209 (80.4%)
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Gold/silver coins and bars - 371 (9.3%)
Total Voters: 3987

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Author Topic: [150+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 4321920 times)
Mudbankkeith
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June 24, 2014, 05:37:51 PM
 #17061


got it,   thanks

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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mstrongbow
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June 24, 2014, 05:38:35 PM
 #17062


You bet!

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thchillah
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June 24, 2014, 06:49:29 PM
 #17063

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers Sad
damn electricity prices.
kkurtmann
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June 24, 2014, 11:59:07 PM
 #17064

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

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Niggle
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June 25, 2014, 09:57:38 AM
 #17065

Is there any reason to not set the payout threshold to the minimum amount?
mstrongbow
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June 25, 2014, 10:09:27 AM
 #17066

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

Pay less transaction fees

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Skydaddy
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June 25, 2014, 12:03:41 PM
 #17067

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! Roll Eyes
kkurtmann
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June 25, 2014, 02:00:29 PM
 #17068

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.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Skydaddy
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June 25, 2014, 02:18:09 PM
 #17069

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
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June 25, 2014, 02:36:58 PM
 #17070

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.


A moose once bit my sister.
danleuthner
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June 25, 2014, 02:54:42 PM
 #17071

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
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June 25, 2014, 03:09:05 PM
 #17072

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.

A moose once bit my sister.
thchillah
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June 25, 2014, 04:12:59 PM
 #17073

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers Sad
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
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June 25, 2014, 06:41:23 PM
 #17074

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.

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spazzdla
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June 25, 2014, 06:57:40 PM
 #17075

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
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June 26, 2014, 02:22:13 AM
 #17076

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
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June 26, 2014, 03:20:38 AM
 #17077

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).

RIP BTC Guild, April 2011 - June 2015
kkurtmann
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June 26, 2014, 06:35:12 AM
 #17078

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.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
psahx
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June 26, 2014, 07:05:39 AM
 #17079

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
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June 26, 2014, 12:09:15 PM
 #17080

WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers Sad
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?
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