Bitcoin payout threshold rising - yet again

Yesterday, we paid an astounding $37(!) in bitcoin transaction fees, the highest ever. Therefore, we need to increase the bitcoin payout threshold yet again, this time to $250.

This is getting pretty ridiculous. Remember that the payout threshold for all other coins is $1. One of my hopes is that once the UASF occurs, the Core supporters will largely leave the main chain of bitcoin, allowing the rest of the miners to lock in Bitcoin Unlimited.

The change will be effective tomorrow. We will also be spending time this weekend converting the system to make litecoin the default payout coin.

You can still receive daily payouts by lowering the payout threshold. However, you'll pay $3 in fees, and then you'll need to pay what will probably be $10 or more again by the time you spend the money.

why don't you just phase out btc completely.. are there anyone actually using it to cash out? its going to come to a point where your going to need 1K in profit before you can cash out because of fees and completely mitigates the purpose of microtransactions and daily payouts, which was the goal of your business.

GregoryGHarding wrote:why don't you just phase out btc completely.. are there anyone actually using it to cash out? its going to come to a point where your going to need 1K in profit before you can cash out because of fees and completely mitigates the purpose of microtransactions and daily payouts, which was the goal of your business.

I actually use it mostly for cash out as it is easier to keep track of since NiceHash only has a Bitcoin deposit address and there is less volatility involved before payout. I am sure there are others too. Eventually I hope to find a replacement but don't like the volatility of holding it in another coin before I get paid as it could take up all of my profit when it is converted back to BTC. I think if there was eventually an option to be paid sooner than 24 hours then I could switch to a different coin(s) but until then I really don't have many options as far as I know.

Steve Sokolowski wrote:Remember that the payout threshold for all other coins is $1.

The payout threshold for Monero is closer to $30. If you're going to bitch about BTC at least don't make shit up while you're at it.

Mrrt wrote:

Steve Sokolowski wrote:Remember that the payout threshold for all other coins is $1.

The payout threshold for Monero is closer to $30. If you're going to bitch about BTC at least don't make shit up while you're at it.

30 vs 250 is like comparing rocks to sand grains anyway who cares if he's not completely accurate in one or a few coin payout threshold, compared to BTC it's just as well be a dollar

GregoryGHarding wrote:

Mrrt wrote:

Steve Sokolowski wrote:Remember that the payout threshold for all other coins is $1.

The payout threshold for Monero is closer to $30. If you're going to bitch about BTC at least don't make shit up while you're at it.

30 vs 250 is like comparing rocks to sand grains anyway who cares if he's not completely accurate in one or a few coin payout threshold, compared to BTC it's just as well be a dollar

BTC payouts being 250 are as inconsequential to me as XMR payouts being 30.

If you're going to make an argument, make sure you're starting from consistent axioms or else your whole shtick is invalid.

Just trying to help the kings of turd island here make valid arguments. That's all.

Mrrt wrote:

GregoryGHarding wrote:

Mrrt wrote:
The payout threshold for Monero is closer to $30. If you're going to bitch about BTC at least don't make shit up while you're at it.

30 vs 250 is like comparing rocks to sand grains anyway who cares if he's not completely accurate in one or a few coin payout threshold, compared to BTC it's just as well be a dollar

BTC payouts being 250 are as inconsequential to me as XMR payouts being 30.

If you're going to make an argument, make sure you're starting from consistent axioms or else your whole shtick is invalid.

Just trying to help the kings of turd island here make valid arguments. That's all.

you're probably the type of person who believes a lack of response constitutes a winning argument on your part, but no, i just don't have the time to waste on people arguing such unimportant points for the sake of arguing.

GregoryGHarding wrote:

Mrrt wrote:

GregoryGHarding wrote:
30 vs 250 is like comparing rocks to sand grains anyway who cares if he's not completely accurate in one or a few coin payout threshold, compared to BTC it's just as well be a dollar

BTC payouts being 250 are as inconsequential to me as XMR payouts being 30.

If you're going to make an argument, make sure you're starting from consistent axioms or else your whole shtick is invalid.

Just trying to help the kings of turd island here make valid arguments. That's all.

you're probably the type of person who believes a lack of response constitutes a winning argument on your part, but no, i just don't have the time to waste on people arguing such unimportant points for the sake of arguing.

LOL