Payout & No-Custody Policy

This page explains, in plain terms, how payouts work and why we describe the pool as non-custodial. It is a drafting template that has not been reviewed by counsel and must be reviewed and adapted by a qualified attorney for the Operator's jurisdiction(s) before publishing. "Non-custodial" is a position we assert, not a proven fact; it depends on the pool behaving exactly as described here, and a regulator or court may disagree. This page does not claim any regulatory approval or guaranteed compliance. Every bracketed placeholder on the companion Terms of Use must be filled before either page goes live. If this page and the Terms ever conflict, the Terms of Use control.

We run a BTX mining pool. When the pool finds a block, we split that block's reward among the miners who did the work and send it to the addresses they gave us. We take no deposit from you and run no exchange and no hosted wallet. We cannot freeze rewards you have already earned and that have matured — suspending a miner only stops new work. The only amount we ever carry for you is pending rewards below the 0.1 BTX minimum distribution; that is a disclosed part of the design (explained below), it does not expire, and it is paid automatically once you reach the minimum.

The short, unavoidable delay

• When our pool finds a block, the whole reward first lands in a single pool wallet — that is just how a shared coinbase works.
• By the BTX network's own rules, a freshly-mined reward cannot be spent for 100 confirmations (called coinbase maturity). Nobody can move it sooner — not us, not anyone. This is a network rule, not a hold we choose.
• After it matures, your share goes out on the next scheduled payout run (currently about every 2 hours). We batch payouts on a fixed schedule only to keep post-quantum signing and on-chain fees affordable — not to sit on your coins.
• Payouts are automatic. Nobody at the pool approves them one by one. Once your share matures, it goes out by rule.
• We have no button to hold or withhold your matured rewards. If we suspend a miner for abuse, that only stops them from doing new work — it does not freeze rewards they already earned, which are still paid out on schedule.
• On-chain fees are taken out of the payout amount (from recipients), so we never fund payouts from our own coins and never quietly net a spread.
• Solo mining is even simpler: a solo block pays you directly in the block itself. Those coins never touch a pool wallet, and solo mining creates no pool-side balance or fund ledger for you (we may keep non-custodial share/block statistics, but they hold no money).

Minimum & carryover

A payout has to be big enough to be worth sending on-chain — tiny amounts would be eaten by network fees.

The minimum distribution amount is 0.1 BTX, chosen so that on-chain and post-quantum-signature transaction fees stay economical. Until your accrued share reaches 0.1 BTX, it is held as pending rewards and carried into later distributions; it does not expire, and the pool does not sweep or forfeit it. It remains your proportional share of rewards the pool has mined and is paid automatically once it reaches the minimum — including if you stop and later resume mining. It is not a deposit, an account, or a debt the pool owes.

Whatever number your dashboard shows — your pending rewards — is information, not a bank balance. It is your not-yet-distributed share of rewards the pool already mined. It is not a deposit, not withdrawable on demand, and not a debt we owe you — it is simply what the automatic rules are due to send you next.

Undeliverable funds

If a payout can't reach you, what happens depends on why:

• If your address is one the network can't pay (for example an invalid or unspendable BTX address), that amount is redistributed pro-rata to the next PPLNS distribution round — it goes back to the mining collective, not into a holding account with your name on it.
• If the send fails for a transient reason — the node is busy, the wallet is locked, a send times out — it is retried automatically on each payout cycle until it clears.
• There is no "contact support to claim your funds" step, nothing is held indefinitely for you, and one undeliverable address no longer blocks the other payouts in the same batch.

Your job: set a valid, spendable BTX payout address. If you give us an address you can't receive to, we can't fix that for you.

How you actually get paid

We pay PPLNS (Pay-Per-Last-N-Shares). When the pool actually finds and matures a block, we split that specific block's reward among the miners who submitted shares in the last N = 50,000 shares, in proportion to the work each did.

This is not PPS. We do not pay per share, do not promise any per-share value, and do not pay you out of our own money. If the pool doesn't find a block, there is nothing to distribute. Your rewards come only from blocks the pool really mines — you are a participant sharing real mined coins, not our customer or contractor owed a fixed payment.

The number on your dashboard is your matured-but-not-yet-distributed share of pool-mined rewards — your pending rewards. It is informational, not an account balance: it is not a deposit, not withdrawable on demand, and not a debt we owe you. It is simply what the automatic PPLNS rules are due to send you next.

We keep a flat 1% fee, taken out of each block's reward before we split it. It pays for running the pool and our full nodes. It is not a custody charge, not a spread, and we never hold it as a separate balance — it is just the slice we keep from a smaller distribution.

A mining pool that distributes the coins its members actually mine — with no wallet for you and no deposit from you.

We cannot freeze rewards you've already earned and matured — suspending a miner only stops new work — and undeliverable payouts are redistributed to the next round or retried automatically, never parked for you to "claim." The one amount we hold is your pending rewards below the 0.1 BTX minimum: a disclosed, non-expiring carryover that is paid out automatically once you cross the minimum, and that we do not treat as our own. For the full legal terms, see the Terms of Use.