Bitcoin payout threshold to be raised, again

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Steve Sokolowski
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Bitcoin payout threshold to be raised, again

Postby Steve Sokolowski » Thu Feb 23, 2017 3:21 pm

Yesterday, our payouts cost over $3.00 in transaction fees, up from $2 just one week ago. As a result, we need to adjust our payout thresholds to reduce fees.

The bitcoin minimum payout threshold will rise to $20, from its previous value of $12. You can still set it lower if you're willing to pay these fees. The maximum hold amount will rise from $50 to $100, so you can be paid every $100 in mining if you are holding bitcoins.

All other coins will retain their current thresholds of $1, so if you just want to get paid, I recommend using ETH or LTC, which are supported by all exchanges and have actually proven to be a better store of value recently than bitcoin has. We may be able to reduce the bitcoin payout thresholds once we change our reserve currency to ETH; I'll be writing a blog post about this change, scheduled for March 10-11, shortly.
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Chris Sokolowski
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Re: Bitcoin payout threshold to be raised, again

Postby Chris Sokolowski » Fri Feb 24, 2017 4:59 pm

I changed a few other payout thresholds as well. Dash transaction fees have dropped, so the Dash payout threshold has been lowered from $20 to $5. 42 coin transaction fees have increased, so the 42 coin payout threshold has been increased to $30. Monero coin transaction fees have increased as well, so the Monero coin payout threshold has been increased from $20 to $50. You are free to set custom payout thresholds if you want to override these settings.

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