NotFuzzyWarm
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Evil beware: We have waffles!
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June 08, 2017, 01:29:16 AM Last edit: June 08, 2017, 12:43:44 PM by NotFuzzyWarm |
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I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance? The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack. Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun' and spent most of the time on EMC until they finally shut down, now currently up to 239THs here....
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philipma1957
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'The right to privacy matters'
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June 08, 2017, 01:40:33 AM |
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I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance? The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack. Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun', now currently up to 239THs here.... no you do about 50 transaction at a time say 11,000 bytes x 50 sats = .00550000 btc then you go to viabtc.com and work it till it takes. I do this 2x a month that is 0.0055 + 0.0055 = 0.0110 or pay 6x which = 0.0660
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chillfactr
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June 08, 2017, 06:40:31 AM |
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I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance? The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack. Feb 2014 started with a couple lil' BFL Jala's running 10GHs each 'just for fun' and spent most of the time on EMC until they finally shut down, now currently up to 239THs here.... CRACK got you too? i cant stop either
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oawan
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June 08, 2017, 07:27:05 AM |
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Perhaps kano can start offering the priority transaction spots on the blocks we find. Would rather send him some the fee vs someone else.
This would actually be bad for the pool... since instead of the typical high-paying transactions the block would include low-paying consolidation transactions. Although, Kano, would it be possible for members to make these consolidation transactions with 0 fee and have them added to the first-work blocks that only have 88kb of transactions in them anyway? That way next time the pool finds a block immediately after another block where we normally only get ~12.7btc anyway we could at least throw in these consolidation transactions? Or perhaps that is not possible for some technical or performance reason.
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oawan
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June 08, 2017, 07:33:50 AM |
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anybody else noticed that a very large chunk of their mining rewards are being eaten up by fees when we try to spend them?
I'm averaging loosing about half my rewards in fees each time I transfer out - at low recommended fees on Mycelium (200-250 sat/B)
Installed Jaxx - same problem
Installed Electrum - yeah I can broadcast with lower fee - but its stuck now for 4 days with no chance (well yeah it was only 30 sat/B)
I've tried larger transactions - and small ones - end result is huge fees because of the large size (B) in each mining transaction. Tried to use ViaBTC transaction accelerator - but its always full and not accepting any more transactions.
Is there any way around this? Its actually not worth mining anymore unless I can get this solved.
Thanks
The reason is because you pay fees based on the size of your transaction (in bits). The more inputs into your transaction, the more bits. Each block found here results in a separate payout. So consolidating for a month in which 80 blocks are found is going to have 80 inputs and one output. It's nice the payments are sent to us without fees, but it will take a huge fee to spend them. Your best option at present time is to use the deposit address for an exchange or other trusted company that charges as low of a withdrawal fee as possible. Then withdraw your funds once a month.
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xxxgeniy
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June 08, 2017, 10:25:59 AM |
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Block! by Blockmines! with 15Ph. 55 to Acclaim Board. First Block Today! Fee 2.44
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St.Lapland Farm
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kano (OP)
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Linux since 1997 RedHat 4
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June 08, 2017, 10:33:25 AM |
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I take it you can't help me solve this issue? Its affecting a lot of miners - whats the solution? Pay up or be damned for all eternity in the mempool - or live with an unspendable balance? The only solution I found that really works is to increase your hash rate so income per-block goes up to stay well ahead of the fees needed to consolidate them. Of course that is like getting hooked on crack. ... I thought everyone who mines, is? Why else would we go through all this drama
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xxxgeniy
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June 08, 2017, 10:54:52 AM |
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Block! by Sjp04001! with 126Th! Second block to Acclaim Board. Second Block Today Fee 4.38
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St.Lapland Farm
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kano (OP)
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Linux since 1997 RedHat 4
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June 08, 2017, 11:48:38 AM |
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Block! by cobramining A7v2
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bit2255
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June 08, 2017, 11:49:01 AM |
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Well, I guess it was just a matter of time.
Looks like I have a dead board on one of my R4s. Been running flawlessly sine I got it just over four (4) months ago.
Had my power trip yesterday due to thunderstorms in the area. The initial restart looked OK, but this morning only one board was working.
I guess its time to go to the hardware forum to research what I need to do as far as repairs/warranties...
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VRobb
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June 08, 2017, 12:29:58 PM |
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Waking up to a Thursday Triple Block Party! Ka-ching!
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I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70 Pushing a whopping 1/5 PH! Oh The SPEED!!!
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clgrissom3
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Carl, aka Sonny :)
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June 08, 2017, 12:35:53 PM |
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Block! by cobramining A7v2 Wohooo! That makes 3 already for BLOCK THURSDAY! I great start to our day!
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ComputerGenie
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June 08, 2017, 02:03:28 PM |
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Fees are getting redicolous. Why the fuck are you not signalling SegWit yet?
Because only a dumbshit would make the argument that fees are a significant "rational" reason to adopt segwit?
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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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NotFuzzyWarm
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Activity: 3780
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Evil beware: We have waffles!
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June 08, 2017, 02:39:10 PM |
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Fees are getting redicolous. Why the fuck are you not signalling SegWit yet?
Because it is so amusing seeing you get tweaked over not doing it Fee's are part-and-parcel of BTC mining. Get over it.
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clgrissom3
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Carl, aka Sonny :)
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June 08, 2017, 03:01:26 PM |
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Good answers Genie and Fuzzy! It's amazing that this little pool has the power to determine the outcome of this
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HannRa
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June 08, 2017, 03:21:27 PM |
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Signal SegWit for trolling purpose for 1 block? Lets see if it makes their panties wet
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philipma1957
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'The right to privacy matters'
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June 08, 2017, 04:13:40 PM Last edit: June 08, 2017, 04:41:59 PM by philipma1957 |
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Fees are getting redicolous. Why the fuck are you not signalling SegWit yet?
Because only a dumbshit would make the argument that fees are a significant "rational" reason to adopt segwit? Because SegWit it the death of BTC and as I type The overall coins are now pushing 99 billion http://coinmarketcap.com/Market Cap: $99,386,794,676 / 24h Vol: $2,976,329,481 / BTC Dominance: 45.1% So why fix what is working great. BTC is acting like the underlying infrastructure carrying all other alt coins along. At this point in time SegWit would be the stupidest possible idea to do. Now if everything crashes come back with SegWit . But to think of disrupting Alt coin growth for the sake of BTC is ridiculous. I live in the state of New Jersey USA. The two biggest money money generators for the state are the Garden State Parkway and the New Jersey State Turnpike. A few years ago a politician wanted to sell them to help with government debt. He failed thank God. So here 9 years later those 2 roads have earned 125% of the sale and the state is still making money on them. SegWit would help short term and after a while be a loser.. Using altcoins as the trucks buses cars and btc as the highway is the solution.
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ComputerGenie
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June 08, 2017, 04:31:24 PM |
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...So why fix what is working great....
Because, to the delusional, 590% value growth in 13 months is "bad".
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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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philipma1957
Legendary
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Activity: 4270
Merit: 8683
'The right to privacy matters'
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June 08, 2017, 04:41:36 PM |
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...So why fix what is working great....
Because, to the delusional, 590% value growth in 13 months is "bad". yep. now like I said if it all crashes and the overall coin cap drops down to 20 billion for all coins then talk SegWit. right now I say lets find out just where the market takes us.
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firetreeactual
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June 08, 2017, 06:06:48 PM |
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Well, I guess it was just a matter of time.
Looks like I have a dead board on one of my R4s. Been running flawlessly sine I got it just over four (4) months ago.
Had my power trip yesterday due to thunderstorms in the area. The initial restart looked OK, but this morning only one board was working.
I guess its time to go to the hardware forum to research what I need to do as far as repairs/warranties...
I use LC1800 line conditioners on EACH of my miners. Cheap insurance for such instances...'cuz spikes are only a part of it.
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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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