For miners using the Poolin mining pool, one of the most common and practical questions is about the settlement frequency of their earnings. Understanding how and when payouts occur is essential for effective earnings management and financial planning. This article provides a detailed overview of Poolin’s settlement cycle, payment rules, and how users can monitor their income.
Poolin Settlement Frequency Explained
Poolin operates on a daily settlement cycle. Mining rewards are calculated and paid out once per day. Each settlement period covers a full 24-hour window, starting at 8:00 AM Beijing Time (UTC+8) and ending at 8:00 AM Beijing Time the following day.
Payouts are generally processed between 10:00 AM and 12:00 PM Beijing Time on the day after the mining period concludes. This means that rewards earned during a specific day are typically paid out the next morning.
It's important to note that payments are automated, provided two key conditions are met:
- The miner's earnings have reached the minimum payout threshold set by the pool.
- The recipient wallet address is valid and active.
Key Features of the Payment Process
Poolin offers users flexibility and control over their earnings through the following features:
- Automatic Daily Payments: This is the default setting. Users have the option to manually enable or disable automatic payments based on their preference.
- Payment Control Timing: Changes to automatic payment settings take effect based on the settlement cycle. If you disable automatic payments before 8:00 AM Beijing Time, the change applies to that same day's settlement period. If you make the change after 8:00 AM, it will take effect the following day.
- Holding Earnings: In situations where a destination exchange or wallet is under maintenance, users can choose to pause automatic payments. This allows earnings to accumulate safely within the Poolin account until the user reactivates payouts.
Understanding the Settlement Timeline
A clear timeline can help users track their earnings effectively:
- T (Mining Day): You contribute mining power throughout the 24-hour period from 8:00 AM Day 1 to 8:00 AM Day 2.
- T+1 (Payout Day): The rewards for your mining efforts during the T period are calculated and sent to your designated wallet, usually between 10:00 AM and 12:00 PM on T+1. Additionally, any HPT (HashPool Token) rewards are also distributed by 24:00 Beijing Time on T+1.
How to Monitor Your Earnings
Poolin provides a user-friendly interface for miners to track their performance and earnings. Within the "Earnings" section of your account, you can:
- View total earnings or filter data to see results for individual sub-accounts.
- Analyze a 30-day earnings curve graph to observe daily trends and performance.
- Access key data points such as total accumulated earnings, yesterday’s rewards, today’s estimated earnings, and payment status.
- Use the date filter to review historical earnings data for any specific period.
Staying informed about your mining output is crucial for evaluating profitability. For a deeper dive into optimizing your mining strategy and monitoring your assets, many miners find it helpful to explore advanced portfolio tools that provide real-time analytics.
Frequently Asked Questions
How often does Poolin pay out mining rewards?
Poolin settles mining earnings on a daily basis. Rewards are automatically paid out each day for the previous 24-hour mining period, which runs from 8:00 AM to 8:00 AM Beijing Time.
What time does Poolin usually send payments?
Payments are typically processed between 10:00 AM and 12:00 PM Beijing Time, following the end of the settlement period. HPT token rewards are distributed by the end of that same day.
Can I temporarily stop my payments from Poolin?
Yes, you can disable automatic payments in your account settings. This is useful if your connected exchange wallet is undergoing maintenance. Your unpaid earnings will remain held in your Poolin account until you re-enable payments.
Why haven’t I received my payment from Poolin?
First, ensure your earnings have met the pool's minimum payout amount. Second, verify that the wallet address you have registered is correct and active. Payments will not be sent if these conditions are not met.
Where can I see my estimated earnings for the current day?
You can view real-time estimates for your current-day earnings, along with detailed historical data, in the "Earnings" section of your Poolin account dashboard.
Is there a fee for receiving payments from Poolin?
Poolin may charge a small network transaction fee for processing payouts, which is standard across most mining pools. It's always best to check the pool's latest fee structure on their official information pages.