Payout every hour

Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Payout every hour

by Steve Sokolowski · · Post #25295

asodoco wrote: Is there a way to have a payout every hour? I can bring a lot of power
Unfortunately, this would be too expensive to implement with the way that coin networks work.

When a transaction is sent across a network, a transaction fee is charged by the network. For bitcoins, for example, we pay $10 to issue transactions, but in the past have paid as much as $2500. Even at today's rates, our cost of payouts would rise from $10/day to $240/day, and we would have to raise fees to support such high costs if we were to do that.
asodoco
Archived posts: 6
Joined: Aug 25, 2017

Re: Payout every hour

by asodoco · · Post #25321

Steve Sokolowski wrote:
asodoco wrote: Is there a way to have a payout every hour? I can bring a lot of power
Unfortunately, this would be too expensive to implement with the way that coin networks work.

When a transaction is sent across a network, a transaction fee is charged by the network. For bitcoins, for example, we pay $10 to issue transactions, but in the past have paid as much as $2500. Even at today's rates, our cost of payouts would rise from $10/day to $240/day, and we would have to raise fees to support such high costs if we were to do that.
You can charge the fee on balance of the miners (so there are 2 ways of withdrawal)