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Author Topic: Is there a way to keep the transaction fees?  (Read 205 times)
BitcoinIntern
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December 14, 2017, 10:44:17 PM
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Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool? I know that mining with Antpool you don't get the transaction fees. But how is everyones experience mining with pools like Kanopool and BCMonster? Thanks.
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kano
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December 15, 2017, 12:56:27 AM
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Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool? I know that mining with Antpool you don't get the transaction fees. But how is everyones experience mining with pools like Kanopool and BCMonster? Thanks.
This month, so far, the average TxnFees have been around 16% ... not 4%

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December 15, 2017, 01:02:44 AM
 #3

Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool?
<snip...>
Easy, don't mine on antpoo.  And as kano points out, txn fees are quite a bit above 4%, which is all the dwarfers made in "back to reality", but that's a different story.  Wink
I get the txn fees by mining on kanopool, have done since day one.   Cool

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December 15, 2017, 01:46:57 AM
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Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool?
<snip...>
Easy, don't mine on antpoo.  And as kano points out, txn fees are quite a bit above 4%, which is all the dwarfers made in "back to reality", but that's a different story.  Wink
I get the txn fees by mining on kanopool, have done since day one.   Cool
Ditto.
Why is it so many folks try to game the system be it as this case retaining Tx fees or (posted more than a few times) even attempting hacking the blockchain to 'earn' more? Way easier to just understand pro's and con's in mining and in this case -- looking at what other pools offer and picking one more suited to what ya want...

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December 15, 2017, 02:33:29 PM
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Thank you very much for the feedback everyone. Good to learn better things from you guys everyday Smiley

So it's safe to assume the payouts will be materially more with Kano than Antpool? Why are the other big folks just sticking to Antpool then? I am just curious? Thank you...
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December 15, 2017, 04:19:03 PM
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Why are the other big folks just sticking to Antpool then?
Good question and is discussed in other threads here
IMHO they are either idiots or just don't know any better.... and define 'big folks'. Odds are anyone running over 1PH will NOT be mining on Antpool unless they have a special arrangement with Bitmain to get at least *some* of the Tx fees.

Kano is very good IF you are running over a few 10's of TH *and* can handle the often long times - currently averaging 3-days - between blocks with the attendant long times between payouts.

If you want far faster block times/payouts use Slushpool. They also share the Tx fees us their users. Much larger pool so hits several blocks per-day and payout threshold can be set by the user. Of course large pool also means more folks splitting the rewards so payout per-block is far smaller than Kano.

Thing is, mining must be looked at over a long time frame - weeks/months - and when ya do that the rewards per-THs will average out to be the same with only difference being pool fees paid and Tx fees shared/not shared.


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December 15, 2017, 06:50:12 PM
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Thank you my friend Smiley. That is very helpful.

With Slushpool you can do merged mining for Namecoin. What are your thoughts on that? Do you do that yourself or suggest to do it? Thanks.
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December 15, 2017, 09:48:00 PM
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Thank you my friend Smiley. That is very helpful.

With Slushpool you can do merged mining for Namecoin. What are your thoughts on that? Do you do that yourself or suggest to do it? Thanks.
Only coin I mine is Bitcoin. No interest at all in others, that is why my 255+ THs have been pointed exclusively at Kano since around 2015

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December 15, 2017, 10:57:21 PM
 #9

Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool? I know that mining with Antpool you don't get the transaction fees. But how is everyones experience mining with pools like Kanopool and BCMonster? Thanks.

If you really want to keep mining BTC on Antpool, use PPS+.

I recommend mining BCH on there using PPLNS though.  The transaction fees for BCH are next to zero and you still get 0% fees.   I'm actually surprised they run it that way, their making next to nothing.
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December 16, 2017, 10:50:36 PM
 #10

Hi Folks...Has anyone figured out an easy way to keep the transaction fees and not pay 4% to antpool? I know that mining with Antpool you don't get the transaction fees. But how is everyones experience mining with pools like Kanopool and BCMonster? Thanks.

If you really want to keep mining BTC on Antpool, use PPS+.

I recommend mining BCH on there using PPLNS though.  The transaction fees for BCH are next to zero and you still get 0% fees.   I'm actually surprised they run it that way, their making next to nothing.

Thank you Manta...Why do you suggest using PPS+? What is the difference and how do I do that?
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December 18, 2017, 12:59:35 PM
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Use bitcoin forks, man. High profit and low fees. For example, one team plan to relaunch SegWit2x - https://bitcointalk.org/index.php?topic=2595620
They promise a lot of interesting things
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December 18, 2017, 04:32:21 PM
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Use bitcoin forks, man. High profit and low fees. For example, one team plan to relaunch SegWit2x - https://bitcointalk.org/index.php?topic=2595620
They promise a lot of interesting things
So they put new makeup and hairstyle on their pig and are again going to attempt to call it a Supermodel eh?
I hope it fails even bigger than last time.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
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