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Step-by-step Mining Pool Minimum Payout Guide

Last updated: 8/3/2018

Mining is done through a pool that is tied directly to your own wallet. This means that the pool itself will be passing on the profits from the mining operations directly to your wallet. ProMining has no access or control over this process. Each pool typically has a minimum, maximum and default payout by currency, (for example 0.05 – 20 (Default 0.2) ETH for Ethereum on Nanopool). This helps limit the transaction fees for the pools. You will not see the currency in your wallet until the minimum balance is reach. At the time the balance is reached the pool will automatically transfer the total funds to your wallet address.

If you would like to lower the minimum payout amount, creating more frequent transfers to your wallet, each pool has settings that can be adjusted to do so.

ProMining uses your account email address as the Password(email) for each pool. This guide will take you through the process of updating the payout settings for each pool.

Contents

Minimum Payout for Nanopool

Minimum Payout for Ethermine

Minimum Payout for Nanopool

To update the payout amount for Nanopool you will need your wallet address and email address used to create your ProMining account. You can access your mining Nanopool page from the ProMining Dashboard by clicking on the Pool URL:

A new window should open with your pool page:



Click on the Settings button located on the top:



The following Settings screen will appear:



Enter your email address that is associated with your ProMining account, then the payout amount and hit Apply Changes. You should see the message “Settings successfully changed”:



If you get an Incorrect Password when hitting apply:



This probably means that your workers do not have a 10 rating yet, which is a requirement to make this change. On the bottom of the page you can look at workers and check the current rating:



Additionally, if you have other workers mining on this address, every worker must have the same email address.

Refresh the pool page and verify the updated minimum payout by hovering over the Balance box located on the top right:



Minimum Payout for Ethermine

To update the payout amount for Ethermine you will need your wallet address and email address used to create your ProMining account. You can access your mining Ethermine page from the ProMining Dashboard by clicking on the Pool URL:



A new window should open with your pool page:



Click on the Settings button located on the top:



The following Settings screen will appear:



Enter your email address that is associated with your ProMining account, then the payout amount. You will need to get the public IP address of your worker. The settings page provides the last digits of the public IP address. Please use the "Reach Us" form at the bottom of this page to get the ip address. Once you receive the address enter it in the form. Select Submit and you should see Miner Updated:



Your payout amount is now updated.

Ready to start ProMining?