No ETC payout for last couple of days ..

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

Re: No ETC payout for last couple of days ..

by Steve Sokolowski · · Post #30207

ToeKnee wrote: Perhaps there is something clogging up the pipes, so to speak. I've been stacking ETC over the last couple of days and there hasn't been a payout to my Coinbase. Check on ETC payouts in general?
The problem is that we ran out of money.

We don't keep a lot of money on exchanges, for the obvious reason. Normally, it would be easy to send more money to Coinbase, but in this case, Coinbase is requiring 3 days of confirmations for ETC.

The confirmations are an obsolete reaction to a 51% attack that was conducted using NiceHash against the ETC network 15 months ago. Since then, the price of ETC rose by a factor of 5, and the network's hashrate also significantly increased, making the large number of confirmations unnecessary. Nevertheless, for an unknown reason, Coinbase still requires them.