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Frequently Asked Questions


HOW DO I START EARNING WITH STAKEMINERS.COM?

Earning with Stakeminers is very simple. You just set up an account and make a deposit of at least 0.005 BTC or the equilivent in one of the coins we stake. Once your deposit is confirmed, your order will be accepted and staking will begin.

WHAT IS THE MINIMUM DEPOSIT AMOUNT FOR A CONTRACT?

BITCOIN DEPOSIT MINIMUM
The deposit minimum for any bitcoin deposit is 0.50000000 BTC.

ALTCOIN DEPOSIT MINIMUM
The initial altcoin deposit minimum is 0.50000000 BTC worth of altcoins. Subsequent deposits can be of any amount.

ALTCOIN DEPOSITS
You can email us directly or use the contact form provided in your member area to request depositing addresses for the coin of your choosing. Once you have made a deposit you need to fill out the form provided in the wallet area so your account can be properly credited. Any deposits made to an address other than your personal deposit address will be considered a donation and will not be credited to your account.

HOW LONG DOES IT TAKE FOR MY DEPOSIT TO SHOW UP IN MY ACCOUNT?

Deposits should appear in your account within 24 hours as we process deposits each day, excluding Christmas and Boxing Day, 12 midnight eastern standard time (EST). Due to the nature of the service it usually requires 24 hours before you will receive any earnings on your deposit. POS altcoins have different levels of coin maturity. Some coins mature in as little as 8 hours while others mature after 30 days. Once your registration is complete you should expect an update to your account within 24 hours. If this time has passed please email us at: info (at) stakeminers.com.

IS IT POSSIBLE TO RE-INVEST MY PROFITS?

No we no longer offer reinvestment options for StakeMiners accounts.

IS THERE A REFERRAL PROGRAM AT STAKEMINERS.COM?

No, there is no paid referral program.

WHAT PROMOTION INCENTIVES ARE THERE?

There are no direct paid promotion programs. However, it is in your best interest as an investor to promote the site after you make a deposit. The way the stake mining pool is structured it helps to increase the value of the coins we are staking, as well as the amount of coins in which we stake, which can improve your earnings and weekly payout.

WHAT BENEFITS ARE THERE FOR LONG TERM INVESTORS?

Because of the structure of Stakeminers, long term investors may see an increase their earnings without making additional investments. The more altcoins we hold in the stake pool the more frequent we stake and the higher the stake amount becomes, which could result in higher weekly payouts over time.

HOW OFTEN ARE PAYOUTS MADE?

Payouts are made each Monday by midnight eastern time, once your account has earned 0.005 BTC. We use your Bitcoin payout address located in your account when you signed up as the payment address.

WHAT IS THE PAYOUT THRESHOLD?

The payout threshold is 0.005 BTC. This minimum was set due to network transaction fees (which you are not charged) that are associated with such small transaction amounts. Since Stakeminers assumes the cost of the transfer the payout must be set higher than the transaction fee.

HOW IS MY INCOME CALCULATED?

The income for each member is on a Paid Per Proportion (PPP) basis, meaning if you own 20% of the mining pools overall investment you receive 20% of the weekly reward. In addition to this as more investors add to the pool your contribution has the potential to gain higher earnings. This is due to the compounded interest hard coded into the altcoin POS wallets we have chosen. People with small amounts of coins solo staking in their own wallets earn a lower amount of coins per payout, by combining your investment with others it allows all clients to obtain the best possible weekly earnings.

CAN I BE PAID IN OTHER COINS OF MY CHOOSING?

At this time all payouts are made in Bitcoins to your payout address located in your account. We may look into other payout options in the future.

CAN WE POINT MINING HARDWARE AT STAKEMINERS.COM MINING POOL?

No, you can not point hardware at our pool as this is a multiple altcoin staking pool not a proof of work mining pool.

HOW DO YOU PAY THE OPERATING COSTS?

Stakeminers has an operating account which was funded at the launch of the business. This account also generates increased weight from the principal withdrawal fee, both are used to pay overhead operating costs.

CAN I WITHDRAW MY DEPOSITED AMOUNT AND GET IT BACK.


Yes, a client may request a withdrawal of their principal deposit by submitting a request from the email account registered with Stakeminers. Withdrawal requests will not be accepted until after the 90 lock period and withdrawal requests must be received by Friday noon Eastern Time.

WHAT IF MORE THAN ONE WITHDRAWAL IS REQUESTED?

If more than one principal withdrawal is requested, the withdrawals will be paid in the order they are received. The order will be established by the date on your email requesting the withdrawal. This may result in your waiting more than one week to receive your full principal.

WILL MY WITHDRAWAL REQUEST EFFECT MY EARNINGS?

Yes, once you file your principal withdrawal request your account will be locked. Earnings accruing after the account is locked will go towards your principal withdraw plus the amount from the principal withdrawal cap. The amount received from the principal withdrawal payout cap depends upon the number and size of pending principal payout requests and the markets variance. Earnings will continue to be paid on each Mondays payout.

HOW LONG IS MY DEPOSIT LOCK IN PERIOD?

The deposit lock in period is 90 days. This was done in order to reduce the rapid in and out movement of funds, which causes changes to earnings. All deposits are date stamped so Stakeminers knows how long funds have been on deposit. For clients with multiple deposits, each individual deposit is subject to the 90 day lock-in policy. Stakeminers can provide you with a listing of your deposits dates and time in the staking pool on request.

WHAT ARE THE OBJECTIVES OF THIS POLICY?

There are three objectives to this policy:
- First, to reduce the churn rate to the staking pool. This will ensure the staking pool and earnings continue to grow.
- Second, it reduces the work associated with constantly restructuring coin wallets with every major withdrawal.
- Third, to encourage deposits from members who are interested in a longer term investment product.

WHY IS THERE AN PRINCIPAL WITHDRAWAL FEE?

The 2% fee is directed to operating costs. The fee is placed with other internal funds to cover business operating costs. By doing this we generate enough operating funds so that we do not have deduct such costs from your earnings.

CAN I MAKE A PARTIAL PRINCIPAL WITHDRAWAL?

Yes you can make a partial principal withdrawal which will include a 2% withdraw fee only on the amount you are withdrawing at that time.

WOULD A PARTIAL WITHDRAW RESET THE 90 DAY LOCK IN PERIOD?

No. The clock was set when the deposit was made. If the 90 day lock-in period has expired on the deposit, then whether you withdraw all or a partial amount of that principal, it is outside the lock in period. However, each principal withdrawal is still subject to the 2% principal withdrawal fee.

DO I GET TO KEEP THE BONUSES I GOT IF I WITHDRAW MY INVESTMENT

No any bonus you receive while you have funds on deposit are retained by Stakeminers after you withdraw your principal. Bonus payments are made only to supplement earnings.

WHAT IS MY EMAIL USED FOR.

Your registered email is how Stakeminers communicates with you. You should always use an email where you have the ability to send and receive emails. Using disposable emails is not advised. We need to have communication with you for certain aspects of your account security like requesting withdraws, changing payout addresses, and other sensitive information.

HOW DOES IT WORK

What we do is a lot like all other mining pools, you are buying staking power. Once you have made your payment we then trade whatever coin you used to invest with us and we buy coins we stake on. As with most mining pools your deposit represents a percentage of mining power. However we do not charge maintenance fees only a principal withdrawal fee. The value of altcoins do fluctuate and this will affect your weekly earnings. Should you pursue a policy of at least a 25% reinvestment, your income should increase over time without you having to make a further investment. To see an example and for more information please go to our How It Works page.