Do you really spend that much less than 0.16 BTC per purchase?
I agree Luke,
But when the diff starts hitting 150m+ people are going to want to pay payout 0.00001
That's going to make for stupidly high transaction fees when they go to spend them.
but what if my choice is to have my funds in my wallet even if it is 0.01 , and what if I decide to quit mining on this pool for any reason ? do I have to give up a week of mining rewards ? this will be so high after a couple of retargets ! automatic payment amount should be a choice not an obligation, if you want to keep it this way than activate free manually payments each 24 hours.
Except the pool pays out the balance if you stop mining.
So you take this personally ? your argument is totally invalid this is not enough, we still need to adjust the minimum automatic payments our selves, and a free manual payment each 24 hour wouldn't heart, it is about what I would like to do with my funds not what works only for you !!! and yes 0.01 is important for me it is a Principe it doesn't matter how much it is 1000 or 0.1 BTC...... I did notice in most your post that you are anti-change or anti-improvements that doesn't come from your side !!!! you have to cut that ego a bit, it is gonna heart you at some point.....
Um, what? I'm not anti-improvements at all, no idea how you could possibly get that idea when I'm directly responsible for some of the biggest improvements...
wizkid057 is making minimum payout configurable, but it takes time; my point was just that your desire for 0.01 BTC payouts is silly.
Manual payouts on demand are pretty much out of the question though. That would mean the server needs a wallet, which creates significant unnecessary security risks.
Not really a direct response to this, but should be noted: I think a lot of people fail to realize that nearly everything regarding Eligius is volunteer work or otherwise donated. Eligius takes no % of the mined subsidy, and I think every other public pool does take at least some cut at the moment. There are tons of improvements in the pipelines. The problem is the lack of time to volunteer, as everyone has other obligations. Personally, I must first dedicate my time to my full-time employment and my bit of paid contract work (nothing bitcoin related). I also have a fiance, a very mild social life, and a slew of other real world obligations to attend to, similar to everyone else involved in the pool. But, I'm always around working on one thing or another,
procrastinating helping on IRC, answering the occasional support phone call (when I'm available), and more.
I have been trying to get the user control panel up and running for months now. I did hunker down and get the panel itself up so that people could get their options saved and get NMC merged mining back in action, even if backend support is incomplete for most of them (as of this writing, only the NMC address for payments and the Nickname fields have any effect). I'm sorry that its taking longer than anticipated to complete the backend code for these things, but, free time has been pretty scarce lately. Even my recent vacation from my full-time job ended up being mostly filled with other work.
In any case, I just want to make it clear that Eligius isn't a huge for-profit pool with staff working on it full time. We do our best to keep everything together and running smoothly and continue to improve at a steady pace, even without cutting into your (the miner's) earnings. To me, this is one of the main things that makes Eligius the best possible pool to use. I'm even working on code to fairly distribute transaction fees mined by the pool to miners also, since our original hosting agreement no longer applies, which will ensure that Eligius keeps a competitive edge. (more on this soon).
Thank you to everyone who mines here, everyone who has donated (or even pledged a small donation % in the new control panel that isn't in effect yet), developers who have helped out, etc. We're steadily growing and I think we have a great thing going here. Lets keep it up.
-wk