Post
Topic
Board Pools
Re: [25+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈
by
Biffa
on 13/03/2017, 18:06:48 UTC
I really don't get the need for lots of daily payouts.  A payout ever day, even every few days or so is fine.  Do people really need 10 small payouts a day?  I would rather get 1 large payout a day than 10 small ones.  If nothing else, it makes less work for the accounting.  
Agreed. I do not see any point for it, other than extreme insecurity perhaps. If one does not trust the pool operator to reasonably protect/hold the rewards until adequately verified, one should probably mine elsewhere...methinks. Additionally, it puts the miners' accounting load on Kano, where it doesn't belong...again, methinks.

But then, I've been occasionally told I think too much...methinks.  Kiss

Sorry, but do you have multiple personality disorder today? Cheesy That first paragraph first agrees with larger payments, then the second part disagrees with larger payments, because larger consolidated payments mean the pool operator running a wallet that holds those payments until they are ready to payout.

So do you agree with one large consolidated payment a day or not? Smiley I think for this pool it works fine without, all you need to do is have a mining wallet and a cold, or spending wallet, the mining income goes into the mining wallet, and every week or so you send the coins from your mining wallet into your cold wallet, which consolidates the dust for you. Then when you want to trade or buy something with your coin you do so from the cold/spending wallet and, if you use a reasonable sized transaction fee, that spend will go through alot faster than if you sent it from your mining wallet.