Author

Topic: Why don't pools pay out the full BTC amount? (Read 3601 times)

member
Activity: 84
Merit: 10
Like in Superman III...
I genuinely laughed out loud.
hero member
Activity: 896
Merit: 1000
Seal Cub Clubbing Club
They say its because an old wallet would only allow .xx bitcoins, but in reality its because they can basically steal a small portion of a bitcoin from thousands and thousands of accounts.  Doesn't seem like much until you realize that thousands of accounts are in the same position.
Like in Superman III...
member
Activity: 84
Merit: 10
They say its because an old wallet would only allow .xx bitcoins, but in reality its because they can basically steal a small portion of a bitcoin from thousands and thousands of accounts.  Doesn't seem like much until you realize that thousands of accounts are in the same position.
legendary
Activity: 1204
Merit: 1015
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.

Could be wrong, but I don't think you actually lose the money. The client just can't "see" it. So if you upgraded to the latest you'd be able to see your full balance.
No, you lose it. The next spend you make would use it as a transaction fee.
legendary
Activity: 1386
Merit: 1097
This is important for CPU miners, since their payout is very small. All major pools (deepbit, btcguid, slush) should switch to pay in full.

bitcoind used on my pool has some major custom changes, so it is not just about "download&install". I'm moving my patches to .23 in those days, but I have to be absolutely sure that it doesn't break anything...
sr. member
Activity: 254
Merit: 250
This is important for CPU miners, since their payout is very small. All major pools (deepbit, btcguid, slush) should switch to pay in full.
hero member
Activity: 840
Merit: 1000
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.

Could be wrong, but I don't think you actually lose the money. The client just can't "see" it. So if you upgraded to the latest you'd be able to see your full balance.
sr. member
Activity: 951
Merit: 250
I think everyone has had enough time to get the newer versions. Bring on payments to 8 decimal places. I hate switching pools and having to leave some there Sad
sr. member
Activity: 280
Merit: 250
Nom Nom Nom
full member
Activity: 140
Merit: 100
firstbits: 1kwc1p
Mineco.in pays out the full amount. Roll Eyes
vip
Activity: 980
Merit: 1001
https://ozco.in a new au tracker servicing au, nz and se asian miners pays out to full 8 decimal paces
full member
Activity: 168
Merit: 100
How can I upgrade my client without having to uninstall the one I have now and restoring the wallet.dat? Im afraid of losing my coins if I do that =/

Just install right over it. Your wallet.dat is not in the program files folder. It's located in a temporary folder in your AppData\Roaming.

You can back it up anyways just to be safe though.
legendary
Activity: 1386
Merit: 1097
For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC.

Possibility to send full amount thru bitcoin network is pretty new, not everyone has newest client, so I simply didn't turn on full payouts yet. But technically there's no reason to cut payouts to two decimal places.

Edit: pool now pays out full BTC amount, so this discussion is slightly outdated now.
full member
Activity: 228
Merit: 106
How can I upgrade my client without having to uninstall the one I have now and restoring the wallet.dat? Im afraid of losing my coins if I do that =/
full member
Activity: 168
Merit: 100
I guess they need some way to cover their costs.

More pools needed on the Namecoin (NMC) side !!!
legendary
Activity: 1204
Merit: 1015
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
This. Not everyone has upgraded, and it would suck to lose up to 20 cents for no good reason.
legendary
Activity: 2618
Merit: 1007
Then you have a client after 3.20 (3.21, 3.22 or 3.23) Roll Eyes
member
Activity: 67
Merit: 10
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
Wrong. I have something with 6 or seven digits after the .
hero member
Activity: 575
Merit: 500
The North Remembers
Eligius
member
Activity: 82
Merit: 10
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.

Because anyone using the default wallet will lose out on the change, as it doesn't take sub-cents.
full member
Activity: 168
Merit: 100
The only pool I've used that pays out the full amount of BTC is Swepool. Other pools like Deepbit will only pay out a portion.

For example, if you had 1.79658246 in your Slush balance, you would only receive 1.79 BTC. Only Swepool pays out the full amount so that your remaining balance is 0 BTC.
Jump to: