How many days will the mining income of Dubai OKX be settled

OKX's mining income settlement period in Dubai varies based on eligibility criteria, with daily settlements for eligible pools and weekly settlements for those that don't meet the threshold.

Oct 24, 2024 at 11:58 am

OKX Mining Income Settlement Period in Dubai

OKX, the leading cryptocurrency exchange, offers a range of mining services to its users. These services allow users to generate passive income by contributing their computing power to the validation of transactions on various blockchain networks.

Settlement Period

The settlement period for mining income in Dubai on OKX is as follows:

1. Daily: Eligible mining pools will receive their settlement within 24 hours of the block being mined.
2. Weekly: Mining pools that do not meet the daily eligibility criteria will receive their settlement once per week, typically on Mondays.

Eligibility Criteria

To be eligible for daily settlement, mining pools must meet the following criteria:

• Hash rate threshold: Varies depending on the cryptocurrency being mined
• Block reward threshold: Varies depending on the cryptocurrency being mined
• Minimum number of active miners: Varies depending on the cryptocurrency being mined

If a mining pool does not meet the daily eligibility criteria, it will be settled weekly on Mondays.

Settlement Process

OKX uses two methods to settle mining income:

1. Automatic: Income is automatically deposited into the user's OKX account balance.
2. Manual: Users can manually withdraw their mining income to their preferred wallet address.

Note:

• Settlement times may vary depending on factors such as network congestion and currency fluctuations.
• OKX reserves the right to modify the settlement period and eligibility criteria at its discretion.
• Users are encouraged to regularly check the OKX platform for any updates or changes.