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Poll
Question: What should the minimum payout be?
Leave it alone as it is now (~0.34 BTC / 200 TBC) - 9 (28.1%)
Compromise (~0.67 BTC / 400 TBC) - 9 (28.1%)
The values have been cut to thirds, so triple it (~1 BTC / 600 TBC) - 11 (34.4%)
It's falling fast, prepare by quadrupling! (~1.34 BTC / 800 TBC) - 3 (9.4%)
Total Voters: 32

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Author Topic: Eligius POLL: Raise minimum payout?  (Read 1205 times)
Luke-Jr
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September 08, 2011, 11:30:41 PM
 #1

When the value of Bitcoin shot up to $30/BTC, we dropped the minimum payout from 1 BTC to the current ~0.34 BTC (200 TBC). The marker price has changed quite a bit since then, so should the minimum payout be raised? Keep in mind, the whole purpose of the minimum payout is to made a happy medium size to minimize the miners' transaction sizes (and therefore minimize transaction fees as well), so the minimum payout is ideally the average size of a transfer/purchase.

I expect to leave this poll open only for a day or two, and implement the result as-is.

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iopq
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September 09, 2011, 02:53:56 AM
 #2

I usually keep my payouts at around $1, so they were at 0.1 recently

0.34 is still like $2 and probably will be around $3 when BTC recovers

Carnth
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September 09, 2011, 05:27:57 AM
 #3

I think it should be a matter of how often the majority of the miners get paid. With difficulty ever increasing, it could take weeks for Joe Miner to ever see any coin if the minimum is raised too high.

Luke-Jr
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September 12, 2011, 09:39:57 PM
 #4

Bump! Last chance to vote. Unless poll results change significantly, the new minimum payout will be changed to 400 TBC (~0.67 BTC) sometime tonight.

Luke-Jr
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September 13, 2011, 12:12:32 AM
 #5

Minimum payout is now 400 TBC

c_k
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September 13, 2011, 05:03:09 AM
 #6

Didn't 600 TBC win the poll?  Huh

kwaaak
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September 15, 2011, 06:18:14 AM
 #7

Quote
Compromise
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