Monero payout limits and fees
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Welcome to the System Support forum! Encounter a problem related to the pool? Post your issue here and we will help you out.
Keep in mind that the forums are monitored by PROHASHING less closely than the official support channels, so if you have a pressing issue, please submit an official support ticket so that our Support Analyst can look into your issue in a timely manner.
We cannot answer financial questions related to your account on a public forum, so those questions should always be submitted through the orange Support button on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
Monero payout limits and fees
Hi there, I've configured my payouts to be in monero and I did observe that the payout threshold changed a few times recently, now it sits at ~1.5 (250$) and the estimated fee for smaller payouts is not available. Can someone explain whats goging on? Will the threshold be lowered again? thanks
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Steve Sokolowski
- Posts: 4585
- Joined: Wed Aug 27, 2014 3:27 pm
- Location: State College, PA
Re: Monero payout limits and fees
Unfortunately, Monero is a very expensive network, with fees approaching $2 now. We target fees for free payouts at 0.5%, so we never pay more than 10% of our profit in fees.tomtph wrote:Hi there, I've configured my payouts to be in monero and I did observe that the payout threshold changed a few times recently, now it sits at ~1.5 (250$) and the estimated fee for smaller payouts is not available. Can someone explain whats goging on? Will the threshold be lowered again? thanks
You can expect the thresholds on Monero to increase dramatically, likely to $1000, within a few months. If you would like smaller payouts, then it would be best to select a different coin, as you will also be charged the network fee again when you resend the money. The next most expensive network is bitcoin, with fees averaging 15 cents yesterday.
Last edited by Steve Sokolowski on Wed May 09, 2018 7:23 am, edited 1 time in total.
Re: Monero payout limits and fees
ok, thanks for letting me know.