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Author Topic: Quick question about the fees included in found blocks, do pools pay us these?  (Read 1231 times)
mc_lovin
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July 26, 2012, 12:12:37 AM
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Hey, after I was thinking about SatoshiDice and the amount of fees that it is paying into the network, I was wondering if pools pay out those fees to users in found blocks, or do you have to solo mine to take advantage of that?

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July 26, 2012, 12:13:46 AM
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Depends on the pool.  Some do.  Some don't.

From personal experience IIRC Bitminter and p2pool both payout 100% of fees.


No idea if this is accurate but if it is it looks like only a small % of pools payout fees:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools


Hmm: Bitminter is the largest no fee, hop proof pool which also pays out transaction fees.  I knew I liked them for some reason. Smiley
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July 26, 2012, 12:34:41 AM
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Depends on the pool.  Some do.  Some don't.

From personal experience IIRC Bitminter and p2pool both payout 100% of fees.


No idea if this is accurate but if it is it looks like only a small % of pools payout fees:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools


Hmm: Bitminter is the largest no fee, hop proof pool which also pays out transaction fees.  I knew I liked them for some reason. Smiley
Excellent!  I might move to Bitminter now...  I wish they were a little bigger, but at least they would get blocks with some decent frequency. 

p2pool also looks very tempting.  I would rather see p2pool become more powerful than any of them. 

After a google, I found this link that shows average fees per block..  Pretty out of date though, what do fees look like nowadays?

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July 26, 2012, 01:53:09 AM
 #4

http://blockchain.info/charts/transaction-fees

Still pretty low.  ~20 to 30 BTC per day.  144 blocks per day.  So that works out to 0.25% to 0.50% extra.  Not much but one way to look at it is a pool which doesn't pay it has a "real" pool fee of up to 0.5% higher than reported.  If tx volume keeps growing after the subsidy cut I think it will be more important.  Fees could be 1% to 2% of total reward by December.
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July 26, 2012, 04:08:03 AM
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So that works out to 0.25% to 0.50% extra. 

Keep in mind that the miners that are not including the SatoshiDICE transactions are not receiving those fees.  Thus there's a little higher percentage from fees for Slush and others that don't reject the SatoshiDICE transactions.  It still represents a pretty small amount, but might be another factor that weighs when choosing a pool.

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