How can we improve Bitcoin/Litecoin/Dogecoin Miner?

Raise minimum payout to 10000 Satoshis

Most of wallets or traders or even cloud miners set the amount of 0.00010000 btc to deposits....it would be good to get payment on that amount instead of 5.000 which provably means send this last amount to a wallet and later pay a fee in the case we can't get to 10.000

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    larry shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    11 comments

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      • fabrizio commented  ·   ·  Flag as inappropriate

        Hi , after i have done mine the pc a little of plus of 5000 satoshy , at today on my walle there is a beautyful ( 0 ) , the payment it had to be the 15.01.2018 but nothing .
        what we can do ??
        regards tanks

      • Steve commented  ·   ·  Flag as inappropriate

        I would like the option to set my payout threshold much higher due to the high network fees when I later try to send the bitcoin. I use Exodus and as far as I know there is no receive fee, but if I receive lots of small payments from mining, the network fees to send a lot of individual small btc batches are presently ridiculous. That is not Exodus charging me, they just pass along the network fees when I send from my wallet. SOoooo I want 100,000 or even higher thresholds please. Mahalo & Aloha from Hawaii.

      • AdminAlex (Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        Transactions can't be refused in Bitcoin as they are one way and permanent - your wallet is confiscating those Satoshis; we'd recommend immediately switching to another wallet that doesn't have those business practices. If you need the bitcoin transaction ids of a payout to follow up with your wallet's support department, contact support@groupfabric.com with the payout address used in Bitcoin Miner.

      • EdgarAlenPwn commented  ·   ·  Flag as inappropriate

        I would like to co-sign this idea.
        The app predicted 10/9/2017 for my payout. Which would have been fine, I would have over my 10,000 sat minimum for my wallet deposit.
        Instead, it tried to payout this morning (10/7/2017) 9,299 sat, which was refused by my wallet.
        So I guess 2 things... One question, one request.

        Please allow a user defined minimum deposit.
        &
        What happens to my 9,299 sat that failed?

      • JSonnentag commented  ·   ·  Flag as inappropriate

        Just a general option of setting the personal payout limit desired to 5,000 - 10,000 - 25,000 - 100,000 for payout (maximum of once per week) would be nice.

      • AdminAlex (Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        A good time to issue transactions to minimize fees is over the weekend when network congestion is low; at the moment fees are under 5 Sat/byte. Tradeblock is a great resource for identifying when network fees will be low. Another thing is that many wallets are relatively poor at estimating fees, so its a good idea to "get a feel" for how high of a fee to attach to transactions. This is one reason we moved to a weekly payout schedule so we could minimize fees and speed up transactions (plus it lowers fees for users when they receive smaller but larger transactions).

      • larry commented  ·   ·  Flag as inappropriate

        Hi Alex, I appreciate your answer, yeah I know wallets don't impose fee for deposits, I mean for example: Just last week I got 73.000 sat.....and I have a Blockchain wallet but two days ago, when I sent that amount from Blockchain wallet to other one.....the fee for sending was for 28.000 sat. My idea is that most of wallets place limits for deposits in 10.000 sat, if the app payment is for 10.000 there is no necessity for intermediate and we can just deposit where we want to, cause now if I got payment for 6.000 sat this will be lost.

      • AdminAlex (Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        We'd like to add features like this, but until we can don't use wallets like Xapo or other ones that charge fees to receive Bitcoin. The Bitcoin protocol doesn't impose fees when receiving, it's purely the poor business practices of these wallets. Blockchain.info and Coinbase.com both do not charge fees to receive Bitcoin.

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