Payday Friday!!! My First Nice Hash Payout

So, it's been a few weeks since I started mining (hashing) using a program called Nice Hash. My current mining rig (if you can call it that) is built with a single GTX 1050Ti and a GTX 1070.

Nice Hash Payout Scheme

Nice Hash has different schedule depending on how much your earnings are and what kind of wallet you are using - internal (Nice Hash wallet) or external from other providers. According to this page, you will be paid:


Once per day for NiceHash wallet unpaid balances, greater than 0.001 BTC.

Once per day for external wallet unpaid balances, greater than 0.1 BTC.

Once per week for external wallet unpaid balances, greater than 0.01 BTC.

Payout Experience

The current schedule of payout is every Friday at 10AM UTC so that is 6 PM Manila. Before 6 PM today, I was able to accumulate 1 cent of Bitcoin ~ 0.01 BTC so I am qualified for a payout.

A few minutes after 6 PM, my existing balance becomes zero which means that they already began transferring my pay and in a few hours, it's already on my coins.ph wallet.


Fees

I was not able to get the whole 0.01 BTC though, Nice Hash being the program you use to perform easier mining (hashing) and maximizing your profits, will subtract some as fees. On my end it's about 4%, not bad.

Mine On!

Bitcoin price is on a downward trend at the moment, so since I don't need the money (yet), I will not be converting it to pesos. On the side note, it is a good time to buy Bitcoins since it is still on "sale".