Comment
Author: Admin | 2025-04-28
Gwei x 21,000 gas to execute the payout to the standard ETH address. If the base fee required to execute the transaction was just 30 gwei then 21 gwei x 21,000 gas is returned back to the unpaid balance of the miner.Please find the approximate calculation below21,000 * 21 / 1,000,000,000 = 0.000441 ETH ($1.23 if ETH price is $2,800) is returned to the unpaid balance of the miner.Payouts to Different Ethereum Address TypesThe payouts require a variable amount of gas. A standard ETH address to address transaction uses 21,000 gas. A smart contract could easily use 30,000-50,000 gas or even more (Smart contract wallets are usually used by cryptocurrency exchanges). Our pool gas limit is 55,000 gas. We highly recommend all the miners use standard ETH addresses to receive the payouts e.g. Coinomi, Trust, MEW, or Metamask. They require only 21,000 gas. It saves your money!The first payout to the miner the pool reserves 55,000 gas at the miner account. There are 2 possible scenarios.The Miner Address Is a Smart ContractIf the transaction used 35,000 gas for example, then 20,000 gas is credited back to the unpaid balance of the miner. The address is marked as a smart contract. For all future payouts, the pool will reserve 55,000 gas at the miner account. At the moment there is no workaround to avoid that. Ethereum network has no functionality to predict the gas value required by the smart contract before its execution.Let us give you an example.The miner has 0.61 ETH of the unpaid balance. He set the payout value to 0.6 ETH. The payout process has been triggered.Let’s say the Ethereum price is $2,800, the base fee per gas is 20 gwei, and the miner uses an address generated on the crypto exchange. For example it requires 40,000 gas.55,000 gas is reserved at price 51 gwei -> 55,000 * 51 / 1,000,000,000 = 0.002805 ETH ($7.85)40,000 gas at price 20 gwei was required to execute the payout 0.0008 ETH ($2.24)0.002805 – 0.0008 = 0.002005 ETH ($5.61) would be credited back to the unpaid balance of the minerThe Miner Has a Standard AddressIf the transaction used just 21,000 gas, unused gas is credited back to the unpaid balance of the miner. The address is marked as a standard address (not a smart contract). For all future payouts, the pool will not reserve any additional gas at the miner account. 21,000
Add Comment