Post
Topic
Board Pools
Re: [25+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA
by
kano
on 23/12/2016, 14:00:35 UTC
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 Smiley ), 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)