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Change in payment (payouts) schedule for hashing power sellers/providers

Due to extremely increased Bitcoin Transaction fees we're once again forced to adjusting payments (payouts) schedule. We are striving to process payments to miners fast, multiple times per day and making sure that payments are confirmed as soon as possible - by including adequate amount of Bitcoin Transaction fee from our pockets to each payment (payouts).

Unfortunately Bitcoin Blockchain network is completely saturated lately and thus the Bitcoin Transaction fees became enormous. We are supporting and encouraging SegWit adoption and really we hope that it will soon be implemented and thus enable normal Bitcoin Transaction fees and higher transaction processing throughput. But until this is realized, we will change our payout schedule as follows:

Payments (payouts) will be issued four times a day if your unpaid balance is greater than 0.1 BTC. We will be processing payments for balances greater than 0.01 BTC once every week, usually each Saturday at 23:00 UTC. Payments for balances greater than 0.001 BTC will be processed once every four weeks.

The switch to the new payment (payouts) schedule for hashing power sellers/providers will take place on December 10th 2016 at 09:00 UTC.

We are also making a commitment that as soon as Bitcoin Blockchain transaction processing network will be extended by either implementing SegWit or a hard fork to a larger block size, we will switch back to previous payouts schedule, allowing more frequent payouts with lower payout thresholds.

Thank you for your using our service and keep on hashing! ;)

Best regards,
NiceHash team

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