Post
Topic
Board Bitcoin Discussion
Re: MyCryptcoin Second 1000th Request Winner
by
MaddestScientist
on 18/05/2012, 02:27:36 UTC
Another concern is TX fee for users. If one get 100 payouts (0.0001BTC * 100 =  0.01BTC) from the site, then try to spend it, how much will the TX fee be?!

A couple of months ago, I got quite a lot of small payouts (101 micro-payments, from 0.001 to 0.1x) from ads, faucet, surveys, games .... etc, when I send the coins to another address, the TX fee was 0.009BTC (size ~= 17KiB). For my case, it's not too bad as the total amount is about 2BTC, so TX fee is below 1%.

But in case of mycryptcoin, total amount of 100 payouts is just 0.01BTC, 0.009BTC TX fee means 90% goes to fee.

I know the fee will be lower if I send the coins later. Does anyone know, for this case (100 * 0.0001BTC), how long does it takes to reduce the TX fee to below 10% (0.001BTC)?!

I discovered your site yesterday.  I did use it and then when I saw that he pay out was 0.0001 BTC, I realized that this was about 0.05 cents...  If I set an alarm and used the site each hour all day then I'd make just over a penny!

I appreciate that this is free -- but boy...  A penny for 24 log ons?