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Topic: [Question] What does shared fees means ? (Read 1212 times)

newbie
Activity: 22
Merit: 0
September 15, 2016, 06:48:23 AM
#5
What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?

A block is 12.5 coins plus the fees for the coins sent inside that block.

Those fees are transaction fees.

The typical block is now 12.75 in size.  .25 which  are the transaction fees.

So if a 12.75 block is found a no fee pool such as antpool pays out 12.5 and keeps the .25 in transaction fees.

Which is really a fee of 2 % or so.


A pool that charges 1 % but shares the transaction fees would keep .1275 of a 12.75 block and pay out

12.625 of that block.

So be careful when you read what is really paid out.

Thanks you for this very clear informations.
legendary
Activity: 4326
Merit: 8914
'The right to privacy matters'
September 14, 2016, 10:54:46 PM
#4
What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?

A block is 12.5 coins plus the fees for the coins sent inside that block.

Those fees are transaction fees.

The typical block is now 12.75 in size.  .25 which  are the transaction fees.

So if a 12.75 block is found a no fee pool such as antpool pays out 12.5 and keeps the .25 in transaction fees.

Which is really a fee of 2 % or so.


A pool that charges 1 % but shares the transaction fees would keep .1275 of a 12.75 block and pay out

12.625 of that block.

So be careful when you read what is really paid out.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
September 14, 2016, 10:29:18 PM
#3
What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?

Probably means the transaction fees on each block are shared amongst the miners.
And currently they average over 2% - so any pool paying PPS or not sharing the fees on PPLNS is charging it's miners a big pool fee.
hero member
Activity: 658
Merit: 500
Visualize whirledps
September 14, 2016, 08:28:11 PM
#2
What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?

Probably means the transaction fees on each block are shared amongst the miners.
newbie
Activity: 22
Merit: 0
September 14, 2016, 08:23:16 PM
#1
What does "shared" fees means ?
I found that list https://en.bitcoin.it/wiki/Comparison_of_mining_pools and for few pools we can see that they "share" their fees. Sorry but I don't get it. What's this ?
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