At EMCD, you can get your mining rewards to:
The EMCD wallet
An external wallet
Coinhold
Here, we’ll see how to get mining payouts to an external wallet for free.
When do I get free mining payouts to an external wallet?
This payout is timed — you can get that transfer at a specific time of day. Free mining payouts to an external wallet are made daily between 13:00 and 14:00 UTC.
To get the coins to your external wallet, you need to wait for the network to confirm the transaction. Confirmation is an automatic process, it’s not affected by our platform, it depends on the coin network, the transaction processing speed and workload.
After the payout is sent, you’ll get a notification and can see the number of the transaction — TxID — in the ‘Payouts’ section. This number lets you check your transaction in the blockchain. Read How to find the status of my transaction in the blockchain browser.
As soon as the transaction is verified, the coins will be delivered to your external wallet. You also can check with your external wallet’s support team to find out exactly how many confirmations are required.
If your free payout hasn't arrived, check the possible reasons in the section below.
What’s the minimum amount required for a free mining payout?
Free payout to an external wallet are only possible when you have more than the minimum payout threshold in your mining account.
Check how many coins you have and compare with the table below:
Coin | Short name | Minimum amount required for a free mining payout |
Bitcoin | BTC | 0.001 BTC |
Bitcoin Cash | BCH | 0.01 BCH |
Dash | DASH | 0.1 DASH |
Bellscoin | BEL | 1 BEL |
Fractal Bitcoin | FB | 0.05 FB |
Dogecoin | DOGE | 1 DOGE |
Ethereum Classic | ETC | 0.1 ETC |
Litecoin | LTC | 0.05 LTC |
Kaspa | KAS | 50 KAS |
Luckycoin | LKY | 0.1 LKY |
Pepecoin | PEP | 1000 PEP |
Junkcoin | JKC | 5 JKC |
How do I set up an external wallet for free mining payouts?
To set up free mining payouts to an external wallet, follow these steps:
Setup in the EMCD mobile app
At the bottom of the screen in the center, click on the E button
Next, under your account name, click ‘Go to Settings’
Go to ‘Payout Settings’
Then click on ‘BTC(*) payment address’
In the ‘BTC(*) payment address’ field enter the external address of the wallet
Check if the slider 'Use EMCD wallet' off
Click ‘Save’
After that, you need to confirm installing the wallet using the link from the email you will receive.
Please note that for security reasons payments will be blocked for 24 hours after you set up a new external wallet address.
(*) To set up a wallet address for a different coin in the mobile app, select the coin you want on the main screen.
Setup via the personal account on the website emcd.io
In your personal account, go to the ‘Mining’ section
Next, at the top of the screen, click ‘Settings’
On that page, select the coin you will be setting up the external wallet for in the drop-down list
Pull the slider at ‘To the external wallet’
Enter the address of your external wallet into the wallet address input line and click ‘Save’
After that you need to confirm the installation of the wallet using the link from the letter you will receive to your e-mail.
Please note that for security reasons payments will be blocked for 24 hours after you set up a new external wallet address.
Why didn't my payout go through?
Check the reasons listed below:
1. Did you confirm installing/updating your external wallet using the link we emailed you?
The payout will not go through until you confirm the external wallet installation/update via the link from the letter in the mail.
2. When did you install/update the external wallet?
If the address was installed/updated recently, there’s a 24-hour period when payouts are blocked for security reasons. Wait 24 hours after you confirm the new external wallet address before we will send your first payout.
Example:
You confirmed the wallet setup for payouts on the 1st of the month at 15:00 UTC
For security reasons, the payout block is set for 24 hours from 15:00 UTC on the 1st day until 15:00 UTC on the 2nd day
At the time the lockout ends at 15:00 UTC on the 2nd, the 2nd day’s payout period already lapsed between 13:00 and 14:00 UTC
This way, your first payout will only go through on the 3rd between 13:00 and 14:00 UTC
3. Do you have enough coins in your account for the free payout?
If you have less than the minimum amount required for the payout, the payout will fail.
If you set a custom minimum payout threshold yourself, the payout will only be made once you accumulate more coins than the minimum threshold you have set.
Example:
On the 1st day at 09:00 UTC you set a minimum withdrawal threshold of 0.1 BTC
Your mining account balance = 0.099 BTC
Since your balance is below the minimum withdrawal threshold, the free payout won’t happen on the 1st at 13:00 to 14:00 UTC. In this case, you’ll receive the transfer next days only after the balance of your mining account reaches the minimum threshold you set.
4.Was the transaction confirmed in the network?
You need to wait for the transaction to be confirmed in the network for the coins to arrive in the external wallet.
To get the coins to your external wallet, you need to wait for the network to confirm the transaction. Confirmation is an automatic process, it’s not affected by our platform, it depends on the coin network, the transaction processing speed and workload.
After the payout is sent, you’ll get a notification and can see the number of the transaction — TxID — in the ‘Payouts’ section. This number lets you check your transaction in the blockchain. Read How to find the status of my transaction in the blockchain browser.
As soon as the transaction is verified, the coins will be transferred to your external wallet. You can check with that wallet’s support to find out exactly how many confirmations are required.
If the transaction has the required number of confirmations, but still doesn’t appear in your external wallet, contact your external wallet’s support team — it looks like the issue is not on our end now.
If you still have questions, write to EMCD support, we’re here to help!
You can find the support chat icon in the bottom right corner of any page of our website, and in the app, click the letter E in the middle of the screen on the bottom 😉