Under the traditional module of income settlement, manual transfer was required for the settlement of mining among multiple accounts, users or the settlement between miners and mining farms to distribute mining revenues. The entire process was considered to be complicated, inefficient, and inconvenient for reconciliation.
With the launching of Revenue Sharing, you can functionally set the proportion of sharing for the relevant accounts currently. Subsequently, the daily mining revenues will be automatically distributed to these accounts according to the sharing setting. You may find the entire process more data-transparent, efficient and convenient.
Highlights of Revenue Sharing
- Automatic settlement of revenue, sharing to multi-accounts supported.
- Available for 19 cryptocurrencies and applicable to DOGE merged mining incomes.
- Real-time notifications on any changes of sharing settings.
- Transparent Data, convenient reconciliation and efficient management.
FAQs of Revenue Sharing
Q: Are there any restrictions for the participating accounts?
A: It functionally supports Revenue Sharing and multi-cryptocurrencies setting for both your main account and sub-account(s). However, please be noticed up to 5 recipients of accounts could be set for each single cryptocurrency. Thus, for example, the account is mining for 3 cryptocurrencies currently, so 15 (3*5) accounts can be set as the revenue sharing recipients in total.
Q: How many cryptocurrencies are supported currently?
A: We currently support 19 cryptocurrencies, except for the cryptocurrencies of Merged Mining (EMC/NMC/SYS/ELA). However, Merged Mining (DOGE) is supported exceptionally. In addition, Revenue Sharing supports all mining modes, which means the “Smart Mining” mode is supported as well (the proportion of sharing should be set for the related cryptocurrency).
Q: Can I modify the setting of the Revenue Sharing?
A:. For sure, it will be effective immediately after setting, and can be modified at any time. Any changes will be sent with system notification, including E-mail or App notifications.
Q: How will the Revenue Sharing be settled?
A: The amount will be distributed on a daily basis and accumulated from 0:00 A.M. to 24:00 P.M. (HKT), then settled with T+1 method (e.g. Yesterday’s profits will be distributed today）to transfer into the corresponding receiving account(s) on the next day automatically. However, if the balance is insufficient during settlement, the system will not accumulate automatically until the balance is enough before settlement. All records of sharing can be viewed in your account.
Q: Can I make the withdrawal of the on-day Mining Yield after the setting of Revenue Sharing takes effect?
A: System will freeze the part of on-day Mining Yield based on the latest proportion of sharing, the rest part could be withdrawn at your own command.