Topic: Newbie mining question -- Fees? (Read 1053 times)
Use bitparking
When the block is found everyone that contributed gets a share of the mined coin. That's the whole point of pool mining. And yes the pool fees only come out of mining profit, you don't need to be getting your credit card out to start pool mining 
Sorry for noob question. Can anyone explain me what happend with founded block in pool mining? Who gets reward for that? All who participate with hash for that block or just the finder? Does reward depends on pool or coin policy...
THX
THX
Everyone shares, it's the whole point
Sorry for noob question. Can anyone explain me what happend with founded block in pool mining? Who gets reward for that? All who participate with hash for that block or just the finder? Does reward depends on pool or coin policy...
THX
THX
Hi all,
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
The pool take fees directly from the block solved. So it can't take your bitcoins confirmed!
Ah, okay, perfect, that's just what I wanted to know. Thank you!
And thank you to everyone else who answered as well
No best pool is bitparking
I use Eligius. It is the most popular one because it has zero fees. It has 1900 TH/s.
UI is the worst, but for the price, I am happy with it.
UI is the worst, but for the price, I am happy with it.
Hi all,
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
The pool take fees directly from the block solved. So it can't take your bitcoins confirmed!
Hi all,
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
Well, it charge 1% immediately when the pool found a block. The pool don't take into consideration your electricity bills and so on
Use bitparking
Hi all,
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
Pool-fees always come out of the mining-income. So a 25 BTC block mined by a pool with a 1% fee will yield 24.75 BTC distributed among the miners.
There are no up-front costs.
Hi all,
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
So, I was reading about how different mining pools charge different fees. Would I be right to assume that a fee will only come out of the profit I make mining, or might I be required to cover some of the fees out-of-pocket so to speak? Or rather, is there a potential to lose existing bitcoins while mining, I mean?
Thanks!
Celroc
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