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Topic: [CLOSED] MtRed (PPS, LP+, API, 0 FEE) STRATUM on mine.mtred.com:3333 - page 33. (Read 176233 times)

sr. member
Activity: 280
Merit: 250
Nom Nom Nom
what i've wondered for a bit - causally, not concerned about it - is that after the mined coins are confirmed and exceed my set payout limit, it can be a few hours or even a day before the auto payment goes out. what's the deal?


The server keep only a portion of the funds in a `Hot Wallet.`  Sometimes if the auto-payout cant pay everyone in 1 transaction, It will wait for the funds from the `Cold Wallet` which I have to manually send.

This is what you are seeing.
legendary
Activity: 1778
Merit: 1008
what i've wondered for a bit - causally, not concerned about it - is that after the mined coins are confirmed and exceed my set payout limit, it can be a few hours or even a day before the auto payment goes out. what's the deal?
420
hero member
Activity: 756
Merit: 500
Because the fee can be as low as ZERO

Okay that's because if they send before confirmed there is the BTC transaction fee?
The pool only has the money to spend once the confirmations occur. Otherwise they have nothing to send you.

Yeah simple, i should have thought about it...guess i didn't  understand the 50BTC reward works the same as every other transaction
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
Because the fee can be as low as ZERO

Okay that's because if they send before confirmed there is the BTC transaction fee?
The pool only has the money to spend once the confirmations occur. Otherwise they have nothing to send you.
420
hero member
Activity: 756
Merit: 500
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.

blocks have been solved and nothing moved to my balance actually. doing BTC not LTC, how long for 120 confirmations?
on average 6 blocks per hour so 20ish hours
https://en.bitcoin.it/wiki/Confirmation
Because the fee can be as low as ZERO
Why does this site require these confirmations when the other sites do not?

Okay that's because if they send before confirmed there is the BTC transaction fee?
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.

blocks have been solved and nothing moved to my balance actually. doing BTC not LTC, how long for 120 confirmations?
on average 6 blocks per hour so 20ish hours
https://en.bitcoin.it/wiki/Confirmation
Because the fee can be as low as ZERO
Why does this site require these confirmations when the other sites do not?
420
hero member
Activity: 756
Merit: 500
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.

blocks have been solved and nothing moved to my balance actually. doing BTC not LTC, how long for 120 confirmations?
on average 6 blocks per hour so 20ish hours
https://en.bitcoin.it/wiki/Confirmation

Why does this site require these confirmations when the other sites do not?
vip
Activity: 980
Merit: 1001
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.

blocks have been solved and nothing moved to my balance actually. doing BTC not LTC, how long for 120 confirmations?
on average 6 blocks per hour so 20ish hours
https://en.bitcoin.it/wiki/Confirmation
420
hero member
Activity: 756
Merit: 500
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.

blocks have been solved and nothing moved to my balance actually. doing BTC not LTC, how long for 120 confirmations?
hero member
Activity: 686
Merit: 500
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?

Estimation: What you will get at the end of the current round.

Processing: What you will get when the LTC reaches 120 confirmations.

This pool pays out after every block, but it is still PPS don't worry.
420
hero member
Activity: 756
Merit: 500
How long does it take for the BTC to reach my balance?

There's some in Processing and Estimation what is the difference?
vip
Activity: 980
Merit: 1001
transaction fees are given to the pool/solominer that mines the block, that is the extra you are seeing

can you explain more in depth
https://en.bitcoin.it/wiki/Transaction_fees

nowhere in that page does it say 50BTC
no but it explains why blocks go over 50btc , I saw a question about the "change", nothing asking about the 50btc
here is blocks for you
https://en.bitcoin.it/wiki/Blocks

the wiki has a wealth of info Smiley
420
hero member
Activity: 756
Merit: 500
transaction fees are given to the pool/solominer that mines the block, that is the extra you are seeing

can you explain more in depth
https://en.bitcoin.it/wiki/Transaction_fees

nowhere in that page does it say 50BTC
vip
Activity: 980
Merit: 1001
transaction fees are given to the pool/solominer that mines the block, that is the extra you are seeing

can you explain more in depth
https://en.bitcoin.it/wiki/Transaction_fees
420
hero member
Activity: 756
Merit: 500
transaction fees are given to the pool/solominer that mines the block, that is the extra you are seeing

can you explain more in depth
newbie
Activity: 59
Merit: 0
transaction fees are given to the pool/solominer that mines the block, that is the extra you are seeing
420
hero member
Activity: 756
Merit: 500
Need to update the title it says 208Gh the site says 600Gh/s

And what's up with the page https://mtred.com/blocks.html

I thought BTC rewards were alwasy 50BTC but this shows 50 + change, why is that?
sr. member
Activity: 280
Merit: 250
Nom Nom Nom
Hey guys, Sorry I've been MIA the last couple of days.  I don't want to go into much detail (family stuff) but my internet access is limited for the time being. I have been able to manage the server from my phone when signal permits, but won't bee to active in IRC or responding to emails for the time being. Again I apologize for my sudden absence, I noticed a few people were worried, but all is well.
Thanks,
RR
legendary
Activity: 1778
Merit: 1008
i came over from p2pool for similar reasons... mtred's been good to my meager 350 mhash though. Cheesy
legendary
Activity: 1344
Merit: 1004
Hi. 5.3 ghash switching from eligius to here Smiley

I've been mining at eligius for something like 8 months now, but the recent bad luck and rather large chunk of "extra credit" that I'm "owed" (technically I'm not owed anything, but if I were paid straight PPS, I'd be about 25 BTC richer. Thats how bad the luck has been) leads me to here, a true PPS pool with 0% fee. Almost seems too good to be true.
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