Status as of Thursday, October 9

Chris Sokolowski avatar
Chris Sokolowski
Site Admin
Archived posts: 945
Joined: Aug 27, 2014

Re: Status as of Thursday, October 9

by Chris Sokolowski · · Post #309

The payout threshold is held at $2.50 USD equivalent for all coins, so as the coins' prices relative to USD vary, so does the payout threshold. I know the help file says it's $5.00 minimum, but we decided to lower it to $2.50 since we were not spending as much on transaction fees as we originally anticipated.

Coins mature in the morning and payouts are executed the next morning, so the money you earned on October 9 will show up in the aged column this morning of October 10 and will be paid in the morning of October 11 (assuming the aged balance meets the threshold at that time). This 24 hours is necessary to allow time for the coins to mature, deposit to the exchanges, trade at the exchanges, and withdrawal to the pool's hot wallets before being transferred to your own wallet.

One thing to remember is that since we are a pay-per-share pool, your earnings are locked as soon as you submit a share, so the amount you see in your account at any time is exactly what you will eventually be paid. Unlike PPLNS pools, your balances won't change due to fluctuating exchange rates.