MisterWeh
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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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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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usukan
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Activity: 1590
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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
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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
Online
Activity: 4116
Merit: 7872
'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: 1808
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
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t.me/bitcoinasic
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Biodom
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Activity: 3752
Merit: 3869
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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
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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
Newbie
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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: 1808
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
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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...
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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/
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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
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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!
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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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