* Payouts are still nicely rounded amounts. Any amount left on your account balance will be part of a future payment.
I can describe the pool gain (from the miner) for this and the miner loss for this.
Are there any advantages for miners with this at all?
Neither the pool, nor the miners gain of loose anything using this approach.
We pay out in rounded figures, and the unrounded part remains as balance on your account. That way we keep your wallet a bit cleaner. By paying out using these rounded numbers it is easier to gauge your earnings from your transaction overview in the bitcoin client. If you want to withdraw your full balance you may initiate a manual cash out at any time. Manual cashouts are always for the full remaining balance.
Is being misleading the way of ABCPool?
The note beside the autopayout checkbox and the explanation in the manual cash-out section explain the process fully and tersely. If you have any concrete suggestions for how we can better communicate the way autopay works at ABCPool, we'd be happy to consider them.
[...] any manual payout of the remaining outstanding, if it is less then 0.2 (which it is after a "nicely rounded" payout) gives 0.01 BTC to the pool - i.e. a minimum 5% of the remaining amount (usually more than 5%)
Thus a miner with auto payouts cannot keep their balance at 0 (zero) without initiating a manual payout paying the pool 0.01 BTC every time the pool pays the "nicely rounded" payout but leaves the remainder in the pool wallet.
It's up to you whether to withdraw the remainder, or to wait until it is included in the next round of payouts. Additional manual payouts will of course cause additional fees, as is clearly indicated on the site.
To have your balance touch zero regularly, disable autopay and start doing manual cash-outs.
If it is important for you to keep
your balance at zero, turning off your miners is quite effective.
Anyone with auto payouts who stops mining will ALWAYS have a small balance that they cannot withdraw without also paying a pool fee - again at least 5% of the remaining amount.
Your blanket statement is false. It is also unnecessarily alarming: Keep in mind we're talking about a potential
, one time
fee of BTC 0.01 here.
true, is that if you're considering to stop mining at ABCPool, switching off auto-payout may avoid a final manual withdrawal of < BTC 0.2 and the associated BTC 0.01 fee. I invite everyone to take advantage of that.
Does disabling auto-payout and only ever manually paying out above 0.2BTC always avoid these fees?
The 0.01 BTC fee only applies to balances below BTC 0.2.
If it does, then why are you penalising people with auto-payout who want to keep their balance at 0 BTC?
Our autopay approach may not be a perfect fit for everyone. Our autopay approach is also an integral part of our security measures, so it is not likely to change in a major way soon.
I'm sorry to see it causes frustration for you.