Quote from: eleuthria on June 26, 2014, 03:20:38 AM

Quote from: Niggle on June 26, 2014, 02:22:13 AM

Quote from: danleuthner on June 25, 2014, 02:54:42 PM

Quote from: Benjy_Bronk on June 25, 2014, 02:36:58 PM

Quote from: mstrongbow on June 25, 2014, 10:09:27 AM

Quote from: Niggle on June 25, 2014, 09:57:38 AM

Is there any reason to not set the payout threshold to the minimum amount?

Pay less transaction fees

I'm confused. Isn't it a 2% fee?

If you're charged 2% on a $100 it's $2.00

If you have two transactions of $ 50 each each charge is $1.00 thus the same amount.

Not having read the entire conversation, I think they are talking about bitcoin network transaction fees, not pool fees. So two tranaction would each cost (hence 2X transaction fees).

Aren't transaction fees charged to the sender anyway? These would be operational costs for slush coming out of his income (2% fees) wouldn't they?

Yes, slush will have to pay transaction fees for your payouts. However, when you try to spend your minimum payout coins, you too will be paying fees.

Bitcoin network fees are based on coin age and the size of your transaction. Having lots of small inputs will end up costing you more in fees than a few larger inputs. As a matter of fact, sufficiently large inputs are typically spendable with no fee while still having very fast confirmation times because the transaction will be less than 1 KB and have a high priority due to the number of confirmations on a single large input (meaning it will have very high "age" as part of the calculation for whether a transaction is spam).

this is why I get larger payouts. I spend most of my BTC and have never paid fees.