hello, can the autopay be remove and let user set their withdrawal limit?
Bitcoin Miner has been discontinued. Please see https://www.groupfabric.com/pool/ for shutdown information.
i'm sorry, my English not very well. can I change autopay withdraw limit. because this miner just automatic withdraw 8357 satoshi to my wallet, but I got fee 0.0002BTC from my wallet. so I got nothing.
Payout in a non UTXO crypto like dash or eth would sidestep the high btc network transaction fee problem.
Arturas Koshma commented
Maybe it would be an option to add "accumulative balance" option? Something like in Mikes stated option "3" and how much they want to leave on balance with weekly/monthly % rise. Because at first people want to see or they will receive something, next they starting counting millions and then dropping everything after calculations from transactions. No doubt it looks scary when depending on yours wallet you founding that need to pay 50-80% on fees for fast transactions from payout. But on bigger amount it will make just couple percents. Simple logic . p.s. "Coi*ba*e" not charging for receiving, but charging around 3£ for transaction, " E*ectr*m in settings allowing to choose how much you want to pay (minimum was something like 200saths fee for 8200saths for transfer to "BTC Core", off course smaller fee=longer wait confirmation. But if you don't need yors satoshis for bread and butter right now, it can be an option. )
We haven't forgotten about this - we've been trying to get more profitable algorithms in the app at the moment so users earn at a fast rate to make this less of an issue.
you have developed a very good miner, which can generate a decent yield. You also had a good idea to support some of your costs with ads, and thus allowing users to receive more into their wallets. Unfortunately, for most users, GroupFabric distributes (on a weekly basis) only bitcoin dust. I mean, just by looking at your distributions at blockchain.info I could see that only a small minority receives an amount that can actually be useful. The rest of the people is collecting only bitcoin dust, and they would now have to pay ridiculously high transaction fees in order to spend it.
May I suggest some options how to resolve this situation?
(1) Raise the current autopay amount from 5000 satoshi to whatever is the more realistic amount in current high-fee environment. (10000?, 15000?)
(2) Let users choose their minimum withdrawal (with autopay over the weekend).
(3) Insert a checkbox with pre-set amounts of minimum withdrawals, e.g. 5000, 10000, 15000. (That should be easier to implement than (2).)
(4) Do not pay on a weekly basis, but rather bi-weekly. (Upon further thought, that might generate chaos among some users.)
(5) Do nothing and let us hope that the currently high fees will subside. (I personally doubt it.)
Resolving this bitcoin dust issue might actually benefit most users more than, say, improving the yield of an algorithm by 3%. But, of course, this "improved yield" only becomes apparent when users actually try to spend their coins and face the high fee issue.
Thumbs up to the dev team!
How long Time takes it that the satoshis come into my Wallet?
Autopay with a 5000 satoshi limit isn't much of a "paid as soon as possible" option. That's why the initial question is for getting rid of that 5000 Satoshi limit.
Hi....yeah, I agree to let user set amount to withdraw or let payment amount for example 10.000 that is minimum amount to deposit, it would let us get more incomes at future by decreasing fee.
We highly recommend switching to a wallet that does not charge fees when receiving Bitcoin. Blockchain.info and Coinbase.com are good options that do not charge fees. Xapo is one of the worst as they often charge fees equal to the entire amount of the transaction.
Thanks, but my bitcoin wallet received transaction fee is 0.0002btc...in a week I can only mine approximately 6000 Satoshi.... and when the payment reach to my wallet... it only in my received transaction history..then the wallet cut it all for the receiving fee..then I got nothing
It's something we have on our list of items to have as an option, however most users want to be paid as soon as possible which is why we have auto pay right now,