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Author Topic: Bitcoin transfer from mining - missing most of mined coin...  (Read 117 times)
Dertat (OP)
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January 28, 2018, 07:23:14 PM
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Okay, so new to Bitcoin mining. Using electrum Wallet (3.0.5) and NiceHashMiner v2. Mined $102.15504 initially but only $10.29725 reached the wallet. Transfer date was in December. Using details I can see 3 inputs and 61 outputs of varying amounts, some far in excess of what was mined.

What is going on? Any suggestions?

Thanks in advance.
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January 28, 2018, 07:53:12 PM
 #2

Okay, so new to Bitcoin mining. Using electrum Wallet (3.0.5) and NiceHashMiner v2. Mined $102.15504 initially but only $10.29725 reached the wallet. Transfer date was in December. Using details I can see 3 inputs and 61 outputs of varying amounts, some far in excess of what was mined.

What is going on? Any suggestions?

Thanks in advance.

Contact them and tell them they've got something wrong.
The 61 outputs is because you're not the only one mining with them? Other users mine with them so they send payouts in bulk to save on the fees they have to pay to send out the transactions.
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January 28, 2018, 10:53:06 PM
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Ignore the fiat amounts... given that BTC was worth about 50% more back in December, looking at fiat amounts is confusing. What were the BTC amounts mined and transferred?

It's possible that nicehash have deducted a withdrawal fee... And given the difference between BTC/USD rate then and now it's possible the amount of BTC received for mining was quite small and any fixed fees ate a big chunk. It also looks like they take a service fee if your payout is less than 0.1 BTC:

Payouts for balances less than 0.1 to external wallet   5%

Have you checked your Nicehash dashboard on the Nicehash website to see the details of the calculations/payments and any fees involved?

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