BTC and BCH payments to be delayed again

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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

BTC and BCH payments to be delayed again

Post by Steve Sokolowski » Wed Aug 02, 2017 1:20 pm

Because Novaexchange has locked its BTC and BCH wallets, we can't withdrawal money from there to pay customers.

As a result, payouts in these coins are halted indefinitely until they unlock their wallets. Chris will contact the owner of Novaexchange to see what can be done. If it turns out that he is unwilling to unlock the wallets by tomorrow, then we'll disable Bitconnectcoins so that we can mine coins that are traded at other exchanges instead, and pay customers.
C0ins
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Joined: Sun Jul 30, 2017 11:01 am

Re: BTC and BCH payments to be delayed again

Post by C0ins » Wed Aug 02, 2017 2:35 pm

won't that crash the already struggling profitability since that's the bulk of what's being mined?
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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: BTC and BCH payments to be delayed again

Post by Steve Sokolowski » Wed Aug 02, 2017 2:37 pm

C0ins wrote:won't that crash the already struggling profitability since that's the bulk of what's being mined?
Yes, disabling Bitconnectcoins would reduce profitability, but if we can't withdrawal your money, then there's not much point to mining them.

Hopefully, Chris will be able to come up with an agreement with the exchange operator first.
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vhmanu
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Re: BTC and BCH payments to be delayed again

Post by vhmanu » Wed Aug 02, 2017 2:43 pm

@Steve
How about Livecoin.net as another exchange you use in the future? I have done a good amount of trading there already and never had a issue.
API support and they even have the BCC/BTC pair with good volume
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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: BTC and BCH payments to be delayed again

Post by Steve Sokolowski » Wed Aug 02, 2017 3:09 pm

vhmanu wrote:@Steve
How about Livecoin.net as another exchange you use in the future? I have done a good amount of trading there already and never had a issue.
API support and they even have the BCC/BTC pair with good volume
Thanks for the tip. I'll add it to our list of things to examine once the performance issues are ironed out.
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vhmanu
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Re: BTC and BCH payments to be delayed again

Post by vhmanu » Wed Aug 02, 2017 3:57 pm

BTC withdrawal on Novaexchange is now available (no BCH at the moment)
s___m
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Joined: Tue Nov 22, 2016 3:00 pm

Re: BTC and BCH payments to be delayed again

Post by s___m » Wed Aug 02, 2017 6:26 pm

I just received BTC payment. Thanks!
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