Post
Topic
Board Mining (Altcoins)
Re: [OS] nvOC easy-to-use Linux Nvidia Mining v0019-1.3
by
CryptAtomeTrader44
on 16/10/2017, 22:49:03 UTC
Slightly off topic but all the same about the mining pools:
could someone tell me a good article or a good explanation on how to handle txfee on all these pools.

How do you choose the right level of automatic payment so that it does not cost too much depending on its mining power?

What is the difference between TxFee in percentages and that in fixed rate? When do I have to transfer to minimize all these fees?

Many pools do a fixed fee if you withdraw below a certain threshold, but no fee if above. For example, right now, ethermine.org lets you set your auto payout threshold:

Quote
Payment threshold in Ether (Min: 0.05 Ether, Max: 10 Ether, if set to less than 1 Ether a fixed tx fee of 0.001 Ether will be deducted from the paid amount).

So, if you set it to pay out every time it reaches 1 Ether, you pay no fee. That's the way to save.

If that is too long for you, and you don't want to hold it as Ether that long, set a lower threshold, like .5 Ether... but you'll pay a .001 Ether fee each time.

You can go as small as you like, down to .05 Ether, but the fee stays .001, so the smaller your withdrawal the bigger the fee, as a percentage.

Withdraw .5 means .001/.5 = 0.2% fee.
Withdraw .1 means .001/.1 = 1% fee.
Withdraw .05 means .001/.05 = 2% fee.

But withdrawing at 1 (or more) means no fee. That's the way to avoid, in a fixed-fee pool. Set your withdrawal as high as you can, or go for the level that is "free."



Just interesting what is an ANN pages?

New coins are Announced on ANN pages:
https://bitcointalk.org/index.php?board=159.0



Thanks for explanations but minning pools hub has fixed rate and with MPH_SWITCH it seems more difficult that you indicate here. MPH has not the sames free fixed rates on all coins !
And someone here says that it's more careful to sell shitcoins what we mines with any switchers IN A DAY ! And I believe that it is better to keep the coins of the top 15 or even the top 10 but sell the others fastly.


I discovered by reading a papami post that bittrex was doing auto-exchange and as I have quite a few of my wallets addresses on this tradding platefrome ...
So I'm trying to avoid pool fees and bittrex fees.