Bitcoin thresholds rising again

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Steve Sokolowski
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Bitcoin thresholds rising again

Postby Steve Sokolowski » Tue Dec 19, 2017 4:08 pm

The bitcoin payout thresholds will be rising again. The free payout threshold will rise from $500 to $1000 tomorrow, while the minimum transaction amount will rise to $30. The maximum payout threshold will remain at $1000, because this is a dangerous amount of money for us to be holding.

We expect to increase the free threshold to $2500 before the end of the year, and the minimum payout amount to $100.

We strongly recommend that all customers switch to alternative networks for payment. Litecoin transactions, for example, cost 400 times less than bitcoin transactions and litecoins can be sold for bitcoins at most exchanges.
Stereotype1
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Joined: Fri Dec 08, 2017 10:23 am

Re: Bitcoin thresholds rising again

Postby Stereotype1 » Tue Dec 19, 2017 5:13 pm

Can you clarify 'We strongly recommend that all customers switch to alternative networks for payment.'

Are you suggesting to mine BTC at an alternative site, or alternative payment method?
Thank you
Stereotype1
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Joined: Fri Dec 08, 2017 10:23 am

Re: Bitcoin thresholds rising again

Postby Stereotype1 » Tue Dec 19, 2017 5:17 pm

Can I get my small balance of BTC paid with LTC?
Jamin
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Joined: Fri Dec 15, 2017 9:45 am
Location: United Kingdom

Re: Bitcoin thresholds rising again

Postby Jamin » Tue Dec 19, 2017 5:42 pm

Stereotype1 wrote:Can I get my small balance of BTC paid with LTC?

Id also consider this
rulovico
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Joined: Tue Oct 24, 2017 9:38 am

Re: Bitcoin thresholds rising again

Postby rulovico » Tue Dec 19, 2017 6:33 pm

Here we go Nicehash 2
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Steve Sokolowski
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Location: State College, PA
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Re: Bitcoin thresholds rising again

Postby Steve Sokolowski » Tue Dec 19, 2017 7:03 pm

Stereotype1 wrote:Can I get my small balance of BTC paid with LTC?


No. Because of money transmission regulations, we can't exchange coins upon user request. Balances must be paid in the coin in which they were earned.

We would personally love to do this, but we can't.
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Steve Sokolowski
Posts: 2430
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA
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Re: Bitcoin thresholds rising again

Postby Steve Sokolowski » Tue Dec 19, 2017 7:04 pm

Stereotype1 wrote:Can you clarify 'We strongly recommend that all customers switch to alternative networks for payment.'

Are you suggesting to mine BTC at an alternative site, or alternative payment method?
Thank you


Just switch to litecoins, the default payment method. If you want bitcoins, I suggest entering an exchange wallet as your payout address, and purchasing the bitcoins at an exchange.
Ewil
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Joined: Thu Oct 12, 2017 2:24 pm

Re: Bitcoin thresholds rising again

Postby Ewil » Tue Dec 19, 2017 7:23 pm

Whoa, you said they were changing *tomorrow*. I just got told by a friend (who is hustling his machines to earn the $500 free transaction limit on BTC) that it just got doubled with the website reboot???...
MinerMaximus
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Joined: Sat Dec 09, 2017 5:49 am

Re: Bitcoin thresholds rising again

Postby MinerMaximus » Wed Dec 20, 2017 1:00 am

Wow... what a surprise!
DblD
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Joined: Fri Oct 13, 2017 4:49 am

Re: Bitcoin thresholds rising again

Postby DblD » Wed Dec 20, 2017 1:50 am

So @Steve If i understood correctly we can switch payout currency mid way as in im on about 1.4 milion satoshi now with 100% BTC i can switch to LTC now without waiting to hit the payout treshold?

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