At Sazmining, we strive to make Bitcoin mining as seamless as possible. To ensure transparency, here’s a breakdown of how mining payouts work, including payout frequencies, minimum thresholds, and fees for each facility.
How Payouts Work
1. Mining Earnings Accumulate
Your mining rig generates Bitcoin over time, accumulating rewards in your account.
2. Choose Your Payout Frequency
You can now select from three payout options:
- ⚡ Daily
- 📅 Weekly (default)
- 🗓️ Monthly (coming soon)
3. Minimum Payout Thresholds Apply
Each facility has its own minimum threshold, meaning payouts are only processed when your accumulated earnings meet or exceed the threshold for your location.
4. Fees Are Deducted
Before a payout is sent, the following fees are applied:
- Sazmining Management Fee (varies by location):
- 🇺🇸 USA (Wisconsin) – 5%
- 🇵🇾 Paraguay – 15%
- 🇳🇴 Norway – 20%
5. Payouts Are Processed
Luxor charges a flat transaction fee of 7,500 sats per mining payout. This fee is shared between Sazmining and the customer according to the revenue share agreement for each site.
Here’s how the fee is divided at different locations:
- Paraguay Site:
- Customer pays: 85% (6,375 sats)
- Sazmining pays: 15% (1,125 sats)
- Wisconsin Site:
- Customer pays: 95% (7,125 sats)
- Sazmining pays: 5% (375 sats)
- Norway Site:
- Customer pays: 80% (6,000 sats)
- Sazmining pays: 20% (1,500 sats)
This structure ensures transparency and aligns with Sazmining's site-specific revenue models, keeping costs clear and predictable for all miners.
💡 Important: If your rig does not meet the minimum payout threshold within your chosen payout period, earnings will roll over until the threshold is reached and no payout will occur.
Facility-Specific Payout Details
🇺🇸 USA (Wisconsin) Facility
- Minimum Payout Threshold: 407,500 satoshis
- Management Fee: 5%
- Payout Schedule:
- Daily: If earnings reach 407,500 sats
- Weekly/Monthly: If the threshold isn’t met daily, earnings roll over until the selected payout period.
Example Payout:
- Accumulated Earnings: 407,500 sats
- Luxor TransactionFee: 7,500 sats
- Sazmining Management Fee (5%): 20,000 sats
- Final Payout: 380,000 sats (before network fees)
🇵🇾 Paraguay Facility
- Minimum Payout Threshold: 140,833 satoshis
- Management Fee: 15%
- Payout Schedule:
- Daily: If earnings reach 140,833 sats
- Weekly/Monthly: If the threshold isn’t met daily, earnings roll over until the selected payout period.
Example Payout:
- Accumulated Earnings: 140,833 sats
- Luxor TransactionFee: 7,500 sats
- Sazmining Management Fee (15%): 20,000 sats
- Final Payout: 133,333 sats (before network fees)
🇳🇴 Norway Facility
- Minimum Payout Threshold: 100,000 satoshis
- Management Fee: 20%
- Payout Schedule:
- Daily: If earnings reach 100,000 sats
- Weekly/Monthly: If the threshold isn’t met daily, earnings roll over until the selected payout period.
Example Payout:
- Accumulated Earnings: 107,500 sats
- Luxor Transaction Fee: 7,500 sats
- Sazmining Management Fee (20%): 20,000 sats
- Final Payout: 80,000 sats (before network fees)
Final Thoughts: Optimizing Your Payouts
Choosing the right payout frequency can impact your overall mining efficiency.
💡 Want to reduce fees? Opt for weekly or monthly payouts to minimize network transaction costs.
⚡ Prefer faster access? Stick with daily payouts, keeping in mind the potential for higher fees over time.
If you have any questions or want to adjust your payout settings, reach out to support@sazmining.com.