BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.
We will be moving to a 1% fee on saturday 20th of april.
We are still the most profitable of the big pools, due to low fee, paying out namecoins (6% extra income), paying out income from transaction fees (1% to 2% extra income) and being safe from pool hopping.
What happens on the 20th of april:
- 1% mining fee takes effect (BTC and NMC)
- Prepay perk cost reduced to 1.5% (from 2%)
- Users with prepay on will have their donation reduced by 0.5%. Set it back up afterwards if you like.
- New users will have a 1.5% default donation (rather than 2%)
There will also be more perks coming, but I can't promise any timeframe on that.
Hi DrHaribo.
Could you elaborate a bit more on the last point "New users will have a 1.5% default donation (rather than 2%)". Does this mean that it's cheaper for me to wait until the 20th before joining BitMinter?
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