Can someone please explain to me how a withdrawal fee that costs 29 cents, the cost of a cigarette that some of you smoke 10-20 of a day, a 20th of a Starbucks drink, and a 12th of a gallon of gas has caused so many headaches?

Guys - seriously - first of all - the blockchain charges fees. While some of you may like to believe it's a flat .0001 - its not. Its based on the transaction size. Our withdrawal fees are calculated DYNAMICALLY. Every 15 minutes the system averages out the last few days of withdrawal fees for a coin, adds a small percentage to cover losses (when we're charging .0003 and we have to pay .0005) and, yes, I know it's shocking, a fraction of a penny in profit. I know nowadays profit is a horrible evil word. Sorrynotsorry. Every single one of you whos waiting for JPC to rise is value isnt rooting for that for the 'sake of crypto' - it's so your JPC is worth more. I'm digressing.

We also add a .00015 miner fee to each transaction. Why? It prioritizes our withdrawals. It helps ensure that your withdraw, which, often, you want NOW and not in 40 minutes (sidelong glance at cryptsy), actually gets there, and gets there as fast as possible.

Yes, we charge 18 pennies more than Bittrex and Mintpal to withdraw your Bitcoin, so that we can get your coins to you faster.

Oh, right... and we don't charge you over FIVE THOUSAND DOLLARS to list your coin! You're bitching about 18 cents when people have paid FIVE. THOUSAND. DOLLARS. to have JPC listed on Mintpal and... wait for it... it's still not there!

My god... epiphany... *I* am the asshole.

On an unrelated note, I will not be available for the next 3 weeks as I vacation on a tropical island with a drink in my hand. This month we processed over 60,000* BTC withdrawals and I'm personally using that 18 cents we made on those 60,000 withdrawals to live it up in paradise. Cya suckers!

Oh, wait. Nope, not reality. Didn't actually get rich on that.

Ed
AllCrypt.com Developer
Customer Relations Prodigy

(* Full transparency: We actually processed 1408 BTC withdrawals in the last 30 days. We paid a total of .21345 BTC in transaction fees, plus the added miners fee of .2112 for a total of .42465 BTC paid to miners in transaction fees. Assuming a high of .00051 BTC per withdrawal over the period, we took in .718 BTC in withdrawal fees. Thats a net 'profit' of .29343 BTC in withdrawal fees - ripping you suckers off for .000209 BTC each. We swindled $169, which we'll use to pay a small fraction of the electric bill this month. Maybe one day we'll make it to the cayman islands)