I just saw the letter fee went above 5%. Is there any maximum of the fee and how can I avoid it? Need an instruction on the pool page.
Non-Participating Letter Fees:
6%
My (Personal) Letter Fees:
6%
Edit: Also, since the pool is open source, someone could remove this fee? BTW, the fee is paid to the pool or orphan foundation?
This is just to coax you to write one letter. If you write a letter it goes to zero. If the community writes 105 letters, it goes to zero until the 60 day period starts to be exceeded, then it appears again (in order to maintain 105 outbound letters per 60 days).
Regarding other pools, they do not have expenses, fundraisers, orphan lists, outbound letters, inbound letters, or letter fees.
Technically once they crop up, I will either have to lower the fee to keep miners, or just lose miners to other pools.
I want the feature because I know how important it is. The only other alternative is to allow us to launch proposals to fund letter writing and slowly decommission the feature.