What happens to the 1.23xxxxxx smaller amounts when transferred?

[PandaMiner]

I have tried the search and the wiki to no avail.  Maybe I'm blind or something.

Can someone point me in the right direction, or answer my question? Thanks.

The reason I'm asking, is because I withdrew from a pool an amount of 0.11925348 and all I got in my client wallet is 0.11 BTC.  I then transferred to myself from another pool an amount of 0.011xxxxx thinking that when you add the two, I would see 0.13 in my wallet, but I only see 0.12. 

What is going on?  Did I lose out on that collective 0.01?   

[Chick]

I have tried the search and the wiki to no avail.  Maybe I'm blind or something.

Can someone point me in the right direction, or answer my question? Thanks.

The reason I'm asking, is because I withdrew from a pool an amount of 0.11925348 and all I got in my client wallet is 0.11 BTC.  I then transferred to myself from another pool an amount of 0.011xxxxx thinking that when you add the two, I would see 0.13 in my wallet, but I only see 0.12. 

What is going on?  Did I lose out on that collective 0.01?   

Go download the latest Bitcoin client, derp.

[PandaMiner]

What is going on?  Did I lose out on that collective 0.01?   

Go download the latest Bitcoin client, derp.

I did.  Nothing.  Besides, even in block explorer, it only shows two decimal places.

derp?

[kjj]

btcguild?

[DamienBlack]

Your pool might be rounding to two decimals. I know deepbit does this.

[PandaMiner]

Damien, if they were rounding, my .119x would have been .12 don't ya think? I believe they are truncating at two decimal places, even though I select to remove all decimals.

I'll have to pay attention next time, to see if my balance beyond the dy-bit remains in the pool account.  It is a learning experience, though.


kjj, deepbit, twice actually.  I think I see your point.

[kjj]

Damien, if they were rounding, my .119x would have been .12 don't ya think? I believe they are truncating at two decimal places, even though I select to remove all decimals.

I'll have to pay attention next time, to see if my balance beyond the dy-bit remains in the pool account.  It is a learning experience, though.


kjj, deepbit, twice actually.  I think I see your point.

Ahh, deepbit works the same as btcguild.  Makes sense, as deepbit is even older.  There is a historical/technical reason for it, but I don't recall what it is exactly.

They aren't rounding, they are just truncating.  The remainder after truncation remains in your account with the pool.

[PandaMiner]

Good to know. That's what I figured.  Thank God those bits are still with me.

[kjj]

Ahh, found it in the btcguild thread.

Does your node (the client software on your computer) have the entire block chain downloaded and processed?  It won't show your balance correctly if it isn't done.

You can also go to bitcoin block explorer (google it) and search for your payment address.

And yeah, the payments are only down to the hundredth of a bitcoin, which is a bit silly.  I don't know why he hasn't changed that yet.

Because older bitcoin clients don't support it and I believe behave badly if such a transaction were to come in.   So, they pay to the bit cent.  It is not as if you have lost the remainder, it just is not accessible without additional mining or waiting for the day when it is decided that everybody should have upgraded to a client that supports this and all pools use a daemon that is capable of the same.  If you note, the bitcoin client is BETA, although a working beta and it is version 0.3.23.  If the version were 1.0.0; then I expect all features expected to be "common" will have been out for long enough and enough notice given that such a switch over can be made.  Until then, wait it out.  Consider how much that "change" is worth at the moment and it probably wasn't worth the time to post.  In any event, it is still your bitcoin fractions [unless the pool closes .. not sure what happens in that case, but that is not an imminent possibility even in the slightest] and you will either eventually get them or it is a little support for your next mining venture with the pool.  Find a pool that sends out beyond the bit cent and use it if you can find one.

[elggawf]

There's so much PITA rounding going on in the Bitcoin ecosystem, it's fucked.

On Deepbit (and I'm sure other pools), it seems like it's basically impossible to zero your account - there will always be some fraction of a hundredth of a BTC in there unless you get stupid lucky.

TradeHill, MtGox, etc all round the numbers off in a fucktarded fashion. Got 0.007 BTC on MtGox? Good luck doing anything with it.

TradeHill is not so bad, in that you can place orders down to the 8th decimal place, but they don't fucking display them. In the graphs, fine, whatever, round that shit off - but in your dashboard you should see that you have 1.23456789 BTC rather than that you have 1.2346 BTC... and then when you try to place an order for that amount it goes "derp, you tried to place an order for 1.2346 BTC but you only have 1.2346 BTC".

[Tasty Champa]

I agree.

[Maged]

What is going on?  Did I lose out on that collective 0.01?   

Yes. Because you were using an old client, it was used as a transaction fee.

[PandaMiner]

It's not my client. It's the pool's daemon.

[dodgrr]

Good to know. That's what I figured.  Thank God those bits are still with me.

 "may the bits be with you"