MisterWeh
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Activity: 6
Merit: 0
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December 23, 2016, 09:15:56 AM |
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Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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usukan
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Activity: 1590
Merit: 1002
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December 23, 2016, 09:54:07 AM |
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Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
I know your problem exactly - and no way to escape but pay min fee to consolidate payments to another address and wait at least a day sometimes for trans to clear - from new address you can get fast confs with a low but competitive fee |
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MisterWeh
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Activity: 6
Merit: 0
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December 23, 2016, 10:20:33 AM |
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Hi usukan, thanks for confirming. I thought I missed a part, but that's exactly how I did, at least the second time I transferred something...  Merry Christmas guys and lots of Blocks as nice presents! |
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philipma1957
Legendary
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Activity: 4116
Merit: 7850
'The right to privacy matters'
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December 23, 2016, 12:12:18 PM |
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S9v1 is very roughly 1/4 of the pool over the last 2 3 weeks.
P.S. no more comments about who owns F2Pool unless they are fact based.
Thanks for info. |
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kano (OP)
Legendary
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Activity: 4494
Merit: 1805
Linux since 1997 RedHat 4
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December 23, 2016, 02:00:35 PM |
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Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
If you run your own wallet (as you should  ), you'd have to consolidate your payouts every so often. This can be done with a very low fee since it's not urgent. The pool will also confirm it if it's in the mempool when we find a block and there's enough space. I guess you just have to plan ahead. But I guess the other point about it is, that you pay no txn fees to receive the payouts. Your mining reward is what you get (and the reward itself only has a 0.9% pool fee) |
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elokk
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December 23, 2016, 03:55:49 PM |
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Emin Gün Sirer , enough said |
t.me/bitcoinasic
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Biodom
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Activity: 3752
Merit: 3864
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December 23, 2016, 04:30:33 PM |
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Thanks for the reply, UG. Well, the PPLNS payout method is one thing I read a lot about and understood (at least I guess I understood). But what I meant, sorry if I didn't described precisely, are the fees when you transfer a certain amount of bitcoins from your wallet to a friend or shop or whatever. Due to the small payouts from Kano I see a lot of small payments received in my wallet that cause a high fee when being transferred. Sure, because the payment size being transferred is huge and the fee (satoshis per kB) is quite high. Small rewards for example = 0.00015 BTC per Block. And to transfer let's say 0.05 BTC will eat up a large amount of the hardly mined coins because of the fees. Did I explain it better as before? Anything I can do to lower the fees?
some specifics to what @kano said... accumulate btc for 50-100 tx (from the pool) to wallet#1, then transfer all in one go to wallet#2. you can use just 20 satoshis/byte, so 0.005 btc in fees for 100 tx consolidation or 0.0025 for 50tx You will have to wait several hours (or until kano gets a block) for confirmation, typically. |
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clgrissom3
Legendary
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Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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December 23, 2016, 05:49:56 PM |
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Block by amir with 68TH/s! Welcome to the Acclaim Board with your 1st Kano block! This is our 1st of the day  |
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badger88
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Activity: 83
Merit: 0
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December 23, 2016, 07:15:22 PM |
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a block with 68TH/s, I started mining w/ 8TH/s.. its not futile, right  |
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kano (OP)
Legendary
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Activity: 4494
Merit: 1805
Linux since 1997 RedHat 4
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December 23, 2016, 09:35:16 PM |
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The best thing about bitcoin is that it is p2p and does not require trust. |
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btcash
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December 23, 2016, 11:41:30 PM |
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Why doesn't ckpool support segwit? You already use 0.13.1.
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Dak1
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Activity: 28
Merit: 0
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December 23, 2016, 11:46:47 PM |
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Is there anyone here going to The North American Bitcoin Conference in Miami in January?
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ComputerGenie
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December 23, 2016, 11:52:48 PM |
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Why doesn't ckpool support segwit? You already use 0.13.1.
Scroll back a few pages... |
If you have to ask "why?", you wouldn`t understand my answer.
Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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ZACHM
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December 24, 2016, 12:00:46 AM |
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Why doesn't ckpool support segwit? You already use 0.13.1.
Because Kano does not approve of it. |
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firetreeactual
Legendary
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Activity: 952
Merit: 1003
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December 24, 2016, 12:07:58 AM |
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Ditto.
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To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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citronick
Legendary
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Activity: 1834
Merit: 1080
---- winter*juvia -----
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December 24, 2016, 12:25:52 AM |
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Why doesn't ckpool support segwit? You already use 0.13.1.
Because Kano does not approve of it. did some reading on this awhile back. good chart on adoption status here -> https://bitcoincore.org/en/segwit_adoption/ |
If I provided you good and useful info or just a smile to your day, consider sending me merit points to further validate this Bitcointalk account ~ useful for future account recovery...
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elokk
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December 24, 2016, 01:22:12 AM |
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Is there anyone here going to The North American Bitcoin Conference in Miami in January?
I might be, a lot of cool bitcoiners in that area too |
t.me/bitcoinasic
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ComputerGenie
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December 24, 2016, 01:47:43 AM |
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Only 70% short.  I'm so upset, honestly... NOT!  |
If you have to ask "why?", you wouldn`t understand my answer.
Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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IconFirm
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December 24, 2016, 01:51:18 AM |
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Bit pointless looking at any list on bitcoincore.org because it obviously wont include those who say no...... |
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