Dear NiceHash Miners!

We are delighted to introduce an exciting new feature - Profit Splitting!

Profit splitting allows miners to effortlessly divide their earnings among one or multiple addresses, eliminating the need for manual revenue distribution. Additionally, this feature enables internal miners to seamlessly receive mining payouts directly into their external Bitcoin wallet address.

With Profit Splitting, miners can:

• Automatically split payouts among up to 100 different addresses
• Split the payout to internal organization (organization to organization)
• Split the payout to an external Bitcoin wallet address
• Customize percentage shares for each address
• Set 100% to an external address for automated withdrawals to your external Bitcoin wallet.

Where to enable Profit Splitting within NiceHash Rig Manager?

You can access Profit Splitting settings within Rig Manager -> Payout Settings. Simply click on the Gears icon next to NEXT PAYOUT.

To add a Split Payment Address, select the desired address and click ADD. 

Please note that you may need to add a new withdrawal address before designating it as a Split Payment Address.

To configure profit split percentages, assign the desired percentages to each address. These percentages dictate the portion of the total payout received by each address.

Keep in mind that the minimum percentage is 1%. You can also set 100% to an external address for automated withdrawals to your external Bitcoin wallet.

Frequently Asked Questions

Why did the payout threshold increase when I added more Split Payment Addresses?

The minimum payout threshold is determined by the split address with the lowest payout split. Bitcoin address with the smallest payout split must reach the minimum withdrawal threshold (0.0005 BTC) to process the split payment.

Can I split earnings with another NiceHash account?

You can split earnings with any organization you are part of. We recommend creating an organization and inviting each other to it. Subsequently, you can add this organization as a Split Payment Address. There are no fees associated with transferring funds between organizations.

Can I use the Lightning Network for Profit Splitting?

Yes, you can set up automatic mining withdrawals to your Lightning Network wallet by following this guide. 

Can I allocate 100% to a single Split Payment Address?

Absolutely! This is an excellent way to automate withdrawals to your cold storage.

How many Split Payment Addresses can I add?

The upper limit is 100 addresses as the minimum split percentage is 1%. 

What is the fee for withdrawal?

There is no fee for withdrawal to a NiceHash organization. When withdrawing to an external Bitcoin address, the normal withdrawal fees are applied.

Who pays the service charge?

The service charge is deducted before the payout split occurs. Therefore, all Split Payment Addresses bear the same service charge.

Can other currencies like ETC or Doge be splitted?

No, Split Payment only works with Bitcoin.

Does Split Payment work for external miners?

No, Split Payment only works for users with NiceHash user accounts.

Why don't I see the GEARs icon for Payment settings?

Make sure you have at least one device connected.