Post
Topic
Board Pools
Re: [Pool] SIMPLECOIN.US (0% fee, Cheat-proof, Inst/Auto Pay, LP, JSON, Opensource)
by
Keenan79
on 09/06/2011, 09:57:10 UTC
So is the 0.001% Fee as well as the 0.01 BTC we have to pay to cashout?

My thought as well.
I don't get the fees and where and when its paid right.

AFAIK does the current client have a minimum fee of 0.01 btc for every transaction below 0.01 btc transaction value. And above its 0.01 per KB per transaction (well with this system it will be complicated in future to persuade non-Nerd human beeings to use bitcoin)

The transaction fee is afaik paid by the sender and distributed to the nodes that solved the block, used for the transaction.
http://en.wikipedia.org/wiki/Bitcoin#Transaction_fees
Since this is a pool: i am not sure what that means and how this is handled.

IMO All clients that helped to solve a block should receive a share form that fee...

Well im a little confused. Maybe someone could explain how that is handled?