As you may have known, Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals. But please be assured, all user assets are safe and the company's net worth is positive.
Though Poolin mining pool services are not much affected, to serve the goal of stabilizing liquidity and operation, we are bringing the followings ZERO fee promotions and settlement adjustments.
Promotions
1. ZEROfee for BTC and ETH
Time: Sept 8th, 2022-Dec 7th, 2022
To: All clients that are mining BTC and ETH on Poolin and the fee will be applied automatically.
Note: ZERO fee also applies to other coins that may take ETH hashrate after its transition to PoS.
2. Exclusiveone year ZERO fee offer for the following BTC and ETH clients
Time: Sept 8th, 2022-Sept 7th, 2023
To: Clients with more than 1 BTC or 5 ETH assets in pool balance or in Pool Account. Fee will be applied by contacting Poolin team members.
Note: ZERO fee also applies to other coins that may take ETH hashrate after its transition to PoS.
Settlement Adjustment
1. BTC payment method from FPPS to PPLNS
The change will become valid on September 8th. Other coins’ payment methods are not affected.
2. Suspension on BTC and ETH balance payout
The payout of the current BTC and ETH balances on pool will be temporarily suspended. We will make a snapshot of the remaining BTC and ETH balances on pool on September 6th to work out the balances. The daily mined coins after September 6th will be normally paid out per day. Other coins are not affected. The details of payout schedule for remaining balances will be released when details are set.
a. The unpaid balance due to not reaching the payment threshold will be paid normally after the payment conditions are met, and will not be affected in any way.
b. All sub-account mining and anonymous mining are paid normally.
3. Suspension on swap services
We are now providing functions of mine ETH/ZEC/LTC/DCR/DASH/BCH, get paid in BTC, and settle DOGE in LTC. Those swap services will be suspended.
This will become valid on September 6th.
If you are using the functions above, please visit Poolin.com and turn off related swap functions, and set the withdrawal address of the coin you are mining to get your payout. Otherwise, your mining revenue will be saved in balance.
4. Pool Account Withdrawals
Withdrawals from Pool Account will be paused. Time and plans of resume will be released within 2 weeks.
Please note: Pool Account is a wallet function embedded on pool. Regular mining and direct payout from mining pool are not affected.
If you have any more questions, please feel free to contact us at any time.
Really appreciate for all your support.
Poolin Team