Prohashing Mining Pool Forums

I have only been on this pool for 6 days. I started with one L3+, then added another L3+ two days ago.
My free payout threshold goes up everyday. When I started it was 0.053. Today I'm up to 0.06! I feel like a dog at the track chasing a rabbit I'll never catch.
If I take an early payment -

• How much of a fee will I be charged?
  When would the payment hit my wallet? (assume I reduced my threshold to below my actual payout balance right now)

Thanks in advance for any answers.

Swimmer63 wrote:I feel like a dog at the track chasing a rabbit I'll never catch.

Welcome to crypto mining

Swimmer63 wrote: If I take an early payment -

• How much of a fee will I be charged?
  When would the payment hit my wallet? (assume I reduced my threshold to below my actual payout balance right now)

Thanks in advance for any answers.

-Whatever PH pays for a transaction fee, probably a few mBTC. Not sure, I just wait.
-Payments happen once per day, so within ~24 hours of your balance being higher than your threshold.

I'd just leave it be. You've got what, almost 2 BTC worth of hardware running and you can't wait to hit 0.06?

It's not that I'm in a rush for it. I just wanted to know what's causing my threshold to rise from .053 to .063 in three days. I thought it was the increase in hashrate. And that may be part of it. But was told by others that it's more the drop in btc/usd value. Which makes sense.
I have mined long enough to be cautious when trying a pool out for the first time and not getting paid daily.
But was also told if I were to switch to a an ltc payout the threshold is low enough to get paid daily. I'm sure other coins would do the same.

Yes - Every other day I am half tempted to sell the rigs on eBay for 4x what I paid direct to Bitmain. Granted they do sell out in a day or now. But it's baffling to me the number of people paying $4500 for a used L3, but don't know how or are not willing, to order said rig directly from Bitmain, spending a quarter as much, using the same currency they say they want to mine. I just don't get it.

What causes the threshold to rise is the value of BTC changing

I did some research and it looks like the price of many coins fell overnight. As a result, more coins are needed to hit the $250 threshold.

The threshold for other coins is $1, so in the future you might consider being paid in the default Litecoins or in one of the other coins. You can also ask to ignore the threshold by checking the box and get an immediate payment, but you'll probably lose about $5 in fees.