Post
Topic
Board Pools (Altcoins)
Re: █▓▒░-< [ZPOOL.CA][FlexFee™][SegWit] The miners multipool >-░▒▓█
by
guytechie
on 30/01/2018, 14:23:53 UTC
Well i finally figured out how what others were saying about payout worked.

Then i thought about how Zpool was out of coins and then the payout scheme didnt make sense until i actually calculated a buy sell on Bittrexx and noticed the amounts to be the same.

So here is What Zpool is PROBABLY doing.

You mine 1 coin of A and get paid in .8 coin of B,
the coins are similar but with fees and all that you get less. The fees seem to not add up though.

So what i did was actually sold coin A and bought coin B with btc....
And guess what??? the coin bought was practically the same amount.

So Zpool has both coins and when you get paid in a coin they hold. They are CHARGING you the fees for if they sold what you mined and bought the coin you want payment in..

Which they are not doing as is clear by them being out of coins. So basically they are keeping the buy sell fees for themselves on top of the 2% they clear. Oh and i guess on top of the Dev Fee they now put in their
miner.

LOL

Greed is what gets you caught.

When getting paid in an alt coin, whatever you mine gets converted to BTC, then it gets converted from BTC to whatever you want to get paid out to.

I thought everyone already knew that if you get paid in any other coin than BTC, you're taking a loss because it's being double-exchanged.  That's why it's best to get paid out in BTC.  You only go through one exchange, so one less fee to pay.

If you want to mine a particular coin and hodl that coin, Yiimp-based pools such as zpool, ahashpool, zergpool, and hashrefinery are not for you.