Bitcoin payouts lose majority

Post by **Steve Sokolowski** » Sun Mar 06, 2016 10:12 am

A landmark was reached today: at 6:00am, altcoin payouts reached 46% of all requested payouts. With dollars covering 4.1%, for the first time ever, non-bitcoin balances now comprise the majority of payouts for miners. Bitcoin debt currently stands at 49.9% of all owed balances.

Bitcoin payouts have dramatically declined over the past two weeks. An analysis of some queries revealed that altcoin payouts were at a then-high of 26% two weeks ago. Since then, bitcoin payouts have fallen continuously every day. The decline cannot be caused by us, because we have yet to implement the changes discussed last week to change the pool's default payout coin and still pay bitcoin transaction fees.

Most interestingly, these payouts are not going to dollars, which bodes well for cryptocurrency. Additionally, while Ethereum has made a lot of news lately, only about 10% of payouts are requested in Ethereum. More than 20 other coins have payout proportions greater than 0.5%. That was fortunate for us, because bubbles in altcoins cause huge losses to our profit when even the 20-minute rebalancer can't keep up.

View the "payout coins owed" chart to see a real-time view of coins that are owed.