Glossary · Mining Pools
Payout threshold
Also: minimum payout
A payout threshold is the minimum balance a miner must accumulate before a pool sends a payment, set by the pool to keep on-chain transaction costs small relative to the amounts paid.
Related terms
- Mining pool
- A mining pool is a service that combines the hashrate of many miners, submits blocks on their behalf and splits the resulting block rewards according to the work each miner contributed, turning rare large payouts into small frequent ones.
- Pool fee
- A pool fee is the percentage of mining rewards a pool keeps for running the service, commonly between 0% and 4% where operators publish it, with PPS and FPPS pools tending to charge more than PPLNS pools because they carry the variance.
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