I was wondering how often most people payout?
I payout when I get above 1.5 BTC. This takes about 3 days for me.
There have been a number of people paying out with small amounts (less than 0.10) and this has recently "clogged up" the transactions. In fact there are so many small payments floating around that it can take
hours to get one confirmed.
To every Bitcoin miner in the world: Please payout once per day or only when you have over 1.0 BTC. Please be patient. Mining is a steady and continuous process. Just sit back and let your miner(s) do its job.
You can take a look at all current transactions (that have not been confirmed into a block) on this web page
http://bitcoincharts.com/bitcoin/. Take a look at the number of "Unconfirmed Transactions."
Now scroll to the bottom (the end of the "low priority" transactions) and see how long (in UTC time) some of those transactions have been hanging around. Transactions should be cleared within 1 to 3 blocks (45 Minuties max). But they are not, because there are so many of them. I cringe every time I see a payment for 0.01 BTC; I think to myself "Really? Oh come on!"
Here's how to make sure your payment is a higher priority, so it gets through faster:
- Get paid a larger amount. If everything else were equal, transactions with a large amount will be given a higher priority.
- Get paid with older bitcoins. Bitcoins that have been sitting around for a while (that have hundreds of confirmations) will get you even higher priority.
This does not always happen with pools because they are in the business of making new coins and paying miners. With so many transactions flying around most are "newer" coins. - Pay a transaction fee. This is the best way to get your transaction marked as the highest priority.
Mining pools do not do this because it cuts into the profits that the miners work for.
So, the only way we can influence the priority of the payment we get from pools is by the number of Bitcoins in the transaction.