[Ethereum] Payouts from ethermine.org rate

miningmining-pools

I relatively new to mining in general and I only want to explore what it is like to mine (I'm not really crazy on building rigs or anything but I just want to know the vast ocean of knowledge about mining for ether).

I used my GPU to run some simple hashes and I'm not 100% on the payout. I'm using this mining pool: https://ethermine.org/

On the website, it says that it pays out every 1 ether. So does that mean once I get to 1 ether within that pool, it'll be transferred to me? Or does it mean the entirely of the pool?

Best Answer

When your balance for the shared work that you contributed to hits 1 ether, you will be payed 1 ether with a 1% fee. You are only paid on the amount of work you contributed to the entire pool. So you'll only receive the single ether in your balance minus of course ethermine's fee.