Send threshold?

[thetnee]

Hi guys. What should i normally set my Send threshhold to? Can i set it to 0.1 and have it send over BCs whenever it hits 0.1? Does it incur charges everytime it sends over coins?

[1714136016]

1714136016

[1714136016]

1714136016

[DannyHamilton]

Hi guys. What should i normally set my Send threshhold to? Can i set it to 0.1 and have it send over BCs whenever it hits 0.1? Does it incur charges everytime it sends over coins?

I assume you are asking about some sort of mining pool?  Which pool?

[The Extreme]

The pool you are a part of will probably tell you what the limits are (both min and max). 
You don't want it set it too low... I'm guessing there is a transaction fee every time you withdraw coins. 
When you know what that fee is, it will help you get a better idea of what to set that withdraw to. 
If the fee is, say, 0.05 BTC, setting as threshold of 0.1 BTC would be silly... you'd be giving up half of your BTC in simple withdrawl fees!  I'd aim to keep a minimum least 90-95% of what you earn.  If you want to keep 95%, you need to withdraw once you hit 1 BTC. 

[thetnee]

Hi guys. What should i normally set my Send threshhold to? Can i set it to 0.1 and have it send over BCs whenever it hits 0.1? Does it incur charges everytime it sends over coins?

I assume you are asking about some sort of mining pool?  Which pool?

thanks for the tips guys! i'm asking about slush's pool. does anyone know the minimum for that?

[Kruncha]

Hi guys. What should i normally set my Send threshhold to? Can i set it to 0.1 and have it send over BCs whenever it hits 0.1? Does it incur charges everytime it sends over coins?

I assume you are asking about some sort of mining pool?  Which pool?

thanks for the tips guys! i'm asking about slush's pool. does anyone know the minimum for that?

In effect from 01.11.2012, pool increases the lower limit for payouts ("send threshold") to 0.05 BTC (around $0.6) as a protection against high transaction fees for tiny payouts.

K.

[thetnee]

thanks for that! anyway to find out the transaction fees for slush's pool?

[Kruncha]

thanks for that! anyway to find out the transaction fees for slush's pool?

I don't believe there are any for sending your reward (that's why there's a minimum). The transaction fees on the block are shared between miners along with the 25 block reward.

K.

[jamesgarfield]

thanks for that! anyway to find out the transaction fees for slush's pool?

I don't believe there are any for sending your reward (that's why there's a minimum). The transaction fees on the block are shared between miners along with the 25 block reward.

K.

This is what I was thinking.

[acne]

Hi guys. What should i normally set my Send threshhold to? Can i set it to 0.1 and have it send over BCs whenever it hits 0.1? Does it incur charges everytime it sends over coins?

I dont get the question.

[thetnee]

thanks for that! anyway to find out the transaction fees for slush's pool?

I don't believe there are any for sending your reward (that's why there's a minimum). The transaction fees on the block are shared between miners along with the 25 block reward.

K.

This is what I was thinking.

so i could theoratically set my send threshold to 0.1 as well yea, and it would send every 0.1 bitcoins without any extra penalty?

how about selling bitcoins, can you sell less than 1 bitcoin on mtgox? like 0.5?

[scab]

thanks for that! anyway to find out the transaction fees for slush's pool?

I don't believe there are any for sending your reward (that's why there's a minimum). The transaction fees on the block are shared between miners along with the 25 block reward.

K.

This is what I was thinking.

so i could theoratically set my send threshold to 0.1 as well yea, and it would send every 0.1 bitcoins without any extra penalty?

how about selling bitcoins, can you sell less than 1 bitcoin on mtgox? like 0.5?

. I dont think theres any extra penaltied

[Kruncha]

thanks for that! anyway to find out the transaction fees for slush's pool?

I don't believe there are any for sending your reward (that's why there's a minimum). The transaction fees on the block are shared between miners along with the 25 block reward.

K.

This is what I was thinking.

so i could theoratically set my send threshold to 0.1 as well yea, and it would send every 0.1 bitcoins without any extra penalty?

how about selling bitcoins, can you sell less than 1 bitcoin on mtgox? like 0.5?

Yes and yes

K.

[scab]

TBH idk what a threshold even is :0

[Kruncha]

TBH idk what a threshold even is :0

When mining, your earnings are sent to your wallet when they reach the 'threshold/limit' that you have chosen (normally you would base this on your earning speed).

Hope you've learned something

K.