Payout every hour

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asodoco
Posts: 5
Joined: Fri Aug 25, 2017 12:47 pm

Payout every hour

Post by asodoco » Sun Nov 03, 2019 12:04 am

Is there a way to have a payout every hour? I can bring a lot of power
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Steve Sokolowski
Posts: 3826
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Payout every hour

Post by Steve Sokolowski » Wed Nov 06, 2019 9:18 am

asodoco wrote:
Sun Nov 03, 2019 12:04 am
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
Posts: 5
Joined: Fri Aug 25, 2017 12:47 pm

Re: Payout every hour

Post by asodoco » Fri Nov 08, 2019 5:35 am

Steve Sokolowski wrote:
Wed Nov 06, 2019 9:18 am
asodoco wrote:
Sun Nov 03, 2019 12:04 am
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)
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