@Mayt 29 April 2021

Noise.cash update (Special edition)

Another **update** from **noise.cash** has been posted yesterday. It's about **setting a minimum payout**.

Some of you didn't **get the sense** or **understand** how it **functions**. Some understand it immediately and were **happy** with the update. On my part, I **didn't understand** it even I read it **twice**. But **browsing** the **comment section** helps me to realize the thought. It's about setting a minimum amount so that **consolidation fees** will be **less**. If we will sum it up, it's for our **good**. But as usual, some users didn't get the right idea, so instead of appreciating it... They post **negatively** about it. In this article, I want to share how I **appreciate** the update and want to interpret it with you too. Just like one user earlier, he doesn't know how it will affect our wallet. So I explain it to him. And yeah, he gets the point and the **advantage** of it. And end up setting the minimum payout to **$0.10**. Now let's break it down to the basic parts. Did you already try to **send a bch** to some wallet using **bitcoin.com** **wallet**? If you did... I know you notice that it has a **transaction fee**. This transaction fee **varies** depending on the **tips** that we received. If we received tips starting from $0.01, $0.02, or $0.03 you will see that it gets a **higher transaction fee**. See the image below for example: http://bitcoin.com/

On this transaction, I use my **earnings** in **noise.cash**. And we all know that in noise.cash, tips started from **$0.01-$0.10**... Depends on the person who gives. So I want to send **$4** to my other wallet... The **fees** for that transaction will be **$0.44**. It's **too high**. Almost **4 posts** in noise.cash before I **regain** the fee. Now let's move to my **read.cash wallet**. In read.cash, @TheRandomRewarder give tips starting from **$0.25, $0.30, or $0.40**. It's **bigger** than what we received in noise.cash.   And unlike noise.cash, the **transaction fee** here will be **less**. See the picture below for example:

Just like the previous transaction, I'll try to send **$4** to my other wallet. And as you can see, it only costs **$0.01** to do the transaction. It's so **cheap** compared to the previous one which demands **$0.44**. Now, why is it **dissimilar**? One girl named @sc explained to me before one **illustration** regarding the topic. I already posted it on my noise.cash account.

Some of the users **didn't understand** the **thought**.  But still, end up doing the said needs. So today, I'll try to **explain** it **the best that I can** so that you will get the idea. **Illustration:** Take your **literal wallet** for example. Put some **coins** on it starting from 1, 2, 5, and 10... **Add it more** as time goes by.

What do you feel? It's **heavy**, isn't it? Why? A lot of coins on it. **Coins** are so heavy if you **carry** them. But what if you put **paper cash**?

Make it **20, 50,** or **100**. Is it still heavy? No, it isn't. Why? Paper is **lightweight**, unlike coins. Now, what's the **connection**? It's similar to our **cryptocurrency wallet**. If we put tips like $0.01, $0.02, or $0.03... It became so **heavy**... Heavy to the point that we **pay more** of the transaction fees. Unlike if we put tips like $0.10, $0.20, or $0.30... The transaction fee will be **less** and it's so **lightweight** on our part. So just like the update... I **change** my minimum payout to **$0.25**.

And this morning... I **received** $0.25 as a tip instead of $0.01, $0.02, or $0.03.

This will help me to **earn more** than paying a lot of transaction fees. That's a **great update** indeed. Noise.cash admin know how to help us in our everyday necessities. **Good job** admin! 👍🏽 More power to your sites! ✨ Thanks for reading and I hope it helps those who are still confused with the new update. 😉 `Btw, I put a special edition on the title because this topic was not supposed to be written here. I plan to post this on noise.cash but that's too long for that site. So I use this site for article purposes. That's all. And I thank you. 🤭`  Photo source: Pinna Messina on Unsplash Markus Spiske on Unsplash