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Author Topic: Pools which share transaction fees  (Read 2452 times)
Nemo1024
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July 07, 2013, 07:27:20 PM
 #1

With Bitcoin mining difficulty climbing and mining profits on the decline, it is time to think of the second component of a miner's reward: transaction fees.
Currently pool operators take accumulated transaction fees of discovered blocks as 100% profit for the pool.
Wouldn't it be more fair if transaction fees were added to the 25BTC reward and distributed among the miners with the pool taking their operational costs percentage? That way transaction fees would start working the way there were intended to: rewarding miners, who in reality are the backbone of the network, when the discovered block reward alone is not enough to retain the miners.

Are there any Bitcoin pools that already share transaction fees? If yes, please, list them here.

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os2sam
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July 07, 2013, 07:49:21 PM
 #2

Maybe you should have looked at the Mining Pool List, URL below, and the top post in this forum sub group, before blathering on about something you really don't know what your talking about, not completely anyway.

I don't mean to be a jerk here, well a little maybe, but you are painting the pool ops with a really broad  brush unfairly and uninformed.
Sam

https://bitcointalk.org/index.php?topic=104664.msg1146108#msg1146108

A: Because it messes up the order in which people normally read text.
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July 07, 2013, 08:11:46 PM
 #3

Maybe you should have looked at the Mining Pool List, URL below, and the top post in this forum sub group, before blathering on about something you really don't know what your talking about, not completely anyway.

I don't mean to be a jerk here, well a little maybe, but you are painting the pool ops with a really broad  brush unfairly and uninformed.
Sam

https://bitcointalk.org/index.php?topic=104664.msg1146108#msg1146108

Thank you for the link and for the considerate kind words.

I ask questions to get informed (and to be uplifted by human beings' kindness to each other when they answer questions). Also, I have not painted anybody with any brush, but simply asked a question about how transaction fees are hadled by pools.

The list the you linked to is comprehensive. Do you mean the answer lies in the "Pay TX Reward?" column. If yes, then it seems that the majority of the pools (and p2pool does not count as there is no operator) still keep transaction fees to themselves, so my encouragement for the pool operators to share those accumulated transaction fees still stands.


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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
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“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
os2sam
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July 07, 2013, 09:19:20 PM
 #4

Thank you for the link and for the considerate kind words.

Your quite welcome.

I ask questions to get informed (and to be uplifted by human beings' kindness to each other when they answer questions).

Hmm, Your "question" seems much more of an accusation than an actual question.

Also, I have not painted anybody with any brush, but simply asked a question about how transaction fees are hadled by pools.

You only asked how they were handled after you assumed that all pool ops kept them.

The list the you linked to is comprehensive. Do you mean the answer lies in the "Pay TX Reward?" column.

Yes

If yes, then it seems that the majority of the pools (and p2pool does not count as there is no operator) still keep transaction fees to themselves, so my encouragement for the pool operators to share those accumulated transaction fees still stands.

That's correct.

Your "encouragement" sounds fair and reasonable to me.

Also read the end of the Mining Pools List where a pool shares the transactions with the block finder.  That sounds like a cool idea to me as well.

Keep in mind that not all pools keep the information in that list up to date either so there may be more pools who share transaction fees too.  And I'm sure as the fees become a higher percentage of income more will follow suit or go by the wayside.

Keep up the kinder/gentler encouragement. Smiley
Sam

Edit: And I do apologize for my initial reply being more sarcastic than it needed to be.

A: Because it messes up the order in which people normally read text.
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eleuthria
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July 07, 2013, 09:34:13 PM
 #5

The majority of larger pools pay transaction fees to miners.  The ones that don't are generally smaller pools, PPS only, or run a no-fee payment system where blocks are assumed 25 BTC and the pool fee = transaction fees.

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bitparking is working on transaction fees being included, and temporarily removed their fee until they get it working to make up for the lack of transaction fees.

RIP BTC Guild, April 2011 - June 2015
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July 07, 2013, 10:17:33 PM
 #6

I tried to remember where my preconception that the majority of pools kept the TX fees was stemming from and recalled that it was something I read on bitcoin.it wikipages more than half a year ago. These pages might have been updated since then, but there is still a lot of red:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

That preconception was reflected in the first half of my initial post (a hypothesis formulated as a statement), while the second half was a question seeking to confirm or refute it.

#101Life
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
STT
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July 07, 2013, 11:56:07 PM
 #7

I think it was Slush that found a block with fees of like 12 BTC, maybe someone bought a Ferrari with BTC.    Nice if that happened more often in these austere times of late :p



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