As one of the world’s leading crypto mining pools, ViaBTC has been committed to providing users with stable, transparent, and high-quality mining solutions. Since its launch, this platform has supported over 20 PoW coins, including BTC, BCH, and DOGE, and has developed a range of tools to help miners manage their earnings more efficiently. Among these tools is the Auto Withdrawal feature, which is designed to simplify payout management for miners by automatically transferring mining rewards based on pre-defined user-centric conditions.
To help miners better understand and use this feature, this article explains how ViaBTC’s auto withdrawal system works, compares available payout options, and provides a step-by-step guide for switching payout settings.
How Auto Withdrawal Works On ViaBTC
In ViaBTC, miners can use four withdrawal methods to collect earnings: Auto Withdrawal, Normal Transfer, Inter-User Transfer, and Transfer to CoinEx. The Auto Withdrawal feature is designed to automatically move miners’ earnings to a wallet or account once the balance reaches a set minimum. Once enabled, this payout system runs daily without requiring manual user confirmation. It is also very useful for miners who want consistent fund management without having to log in every day to initiate a withdrawal.
ViaBTC’s Auto Withdrawal allows miners to set a minimum payout threshold for each PoW coin. If the payout amount does not meet the threshold balance on a given day, the funds remain in the mining pool and continue to grow. Once the minimum is reached, the system automatically initiates a payout.
Key Strengths of ViaBTC’s Auto Withdrawal Function
One of the major advantages of ViaBTC’s Auto Withdrawal system is its lack of fees. Unlike manual transfers, which often incur blockchain costs, auto withdrawals are completely free. This feature helps both small and medium-scale miners preserve more of their earnings that would otherwise be lost to frequent transaction fees.
Another key strength of the Auto Withdrawal feature is flexibility. Miners choose where their funds are sent, including external wallets, CoinEx, or ViaBTC sub or main accounts.
Comparing Payout Options: Account Balance vs. Daily Earnings
ViaBTC offers two Auto Withdrawal payout options with distinct calculation modes. Miners can select the option that best fits their needs or switch between the two at any time, as their mining strategy or payout preferences change.
Payout by Account Balance:
When using this option, ViaBTC checks a user's total available balance for a specific PoW coin. If the account balance exceeds the minimum withdrawal threshold, the system pays out the full amount into miners’ wallets. This method is well-suited for users who prefer fewer but larger deposits or whose mining output fluctuates daily.
Payout by Daily Earnings:
Rather than checking the total balance, this payment mode only examines daily mining income. If daily earnings reach the minimum payout amount, the Auto Withdrawal system automatically sends the funds to miners’ accounts. This option is best for users who earn consistently each day and want regular, predictable payouts. That said, if the account balance is lower than the daily earnings, the Auto Withdrawal system will deduct the mining rewards for just that day and pay out the balance.
How to Set Up Auto Withdrawal on ViaBTC
Step 1 - Log into your ViaBTC account, go to the ‘Assets’ section, then open ‘My Assets’ and select ‘Auto Withdrawal Setting.’
Step 2 - Choose where to withdraw: a wallet address, CoinEx, or an internal ViaBTC account.
Step 3 - Enter the correct wallet address or account information.
Step 4 - Complete the required security verification to confirm and activate the Auto Withdrawal setup.
Final Thoughts
ViaBTC’s Auto Withdrawal is a useful mining tool for managing rewards. However, its effectiveness depends significantly on the selected payout mode. Incorrect settings can cause delayed or unexpected withdrawals. By understanding how each payout option works and switching to the appropriate mode when needed, mining rewards can be distributed more efficiently and reliably.
Disclaimer
The opinions expressed in this article are for educational and informational purposes only. Users are responsible for conducting their own research or consulting qualified professionals before making any financial decisions.