Learn the difference between Balance, Earnings, Payout, and Waiting in the PECPool panel. This guide explains how finalized mining earnings increase your balance, when an amount moves into payout processing, what Waiting means, and how completed Bitcoin payments appear in payout history.
The PECPool panel displays several financial values related to your Bitcoin mining activity. The most important values are:
Although these values are connected, they do not represent the same stage of the mining payment process.
Understanding the difference helps you determine:
This guide explains how mining rewards move from accepted mining work to finalized earnings, account balance, waiting payment, and completed payout history.
The general financial flow in PECPool is:
Accepted Mining Work
? Finalized Earnings
? Account Balance
? Waiting for Payout
? Completed PayoutEach stage has a different meaning.
Earnings are the mining rewards calculated from the valid mining contribution of your workers during a completed mining period.
PECPool uses the PPS+ payment method. Earnings are affected by factors such as:
The standard PECPool mining fee is:
2.5%An Earnings record represents the result calculated for a specific mining day. It is not the same as a Bitcoin transaction sent to your wallet.
PECPool calculates each mining day using a complete UTC day:
00:00 UTC to 00:00 UTC on the following dayAfter the mining day has ended, PECPool processes the mining data and creates the finalized earnings record.
The calculation uses actual pool-side data, including:
A miner's current local hashrate does not by itself determine the finalized daily earnings.
For example, a miner may currently display 100 TH/s but may have been offline for several hours earlier during the same mining day. The finalized earnings will reflect the complete daily mining contribution rather than only the current value.
Estimated earnings are an approximate prediction based on recent hashrate and current network conditions.
Finalized earnings are calculated after the complete mining period has ended and PECPool has processed the required mining data.
| Value | Meaning |
|---|---|
| Estimated Earnings | Approximate expected reward based on recent conditions |
| Finalized Earnings | Confirmed mining reward for a completed mining period |
Estimated earnings may change before finalization because of:
Balance is the Bitcoin amount currently credited to your PECPool mining account that has not yet been completed as a payout.
Finalized mining earnings increase the account balance.
A simplified balance relationship is:
Previous Balance
+ Finalized Earnings
- Amount Entered into Payout Processing
= Current Available BalanceThe Balance shown in PECPool is an internal mining-account balance. It is not yet Bitcoin stored in your personal wallet.
The amount reaches your personal Bitcoin wallet only after a payout transaction has been created and sent to the registered wallet address.
The Balance normally increases when:
The main regular source of Balance growth is finalized mining earnings.
The Balance may decrease when:
A reduction in Balance does not always mean the Bitcoin payment has already received blockchain confirmations.
The amount may first move into Waiting while PECPool prepares the payout transaction.
Waiting represents an amount that has entered the payout process but has not yet completed the full payment stage.
The amount is displayed separately because it is no longer treated as a normal freely available Balance while payment processing is in progress.
An amount may move to Waiting when:
Waiting does not normally mean that mining earnings have been lost. It means the payment is between the account-balance stage and the completed-payout stage.
The normal process is:
After the transaction is created, the Waiting amount should move to the appropriate payout record.
No. Waiting means the payment is still being processed and may not yet have a final Bitcoin transaction ID.
Bitcoin network confirmation begins only after the transaction has been created and broadcast.
The payment stages should be understood separately:
| Stage | Meaning |
|---|---|
| Balance | Amount credited to the mining account |
| Waiting | Amount queued or being prepared for payout |
| Payout Created | Bitcoin transaction has been generated and sent |
| Blockchain Confirmation | Bitcoin network has included and confirmed the transaction |
Payout represents Bitcoin that PECPool has processed and sent through a Bitcoin transaction.
The Payout section or payout history can include information such as:
A payout record is different from an Earnings record.
One payout may contain the balance accumulated from multiple daily earnings records.
When the panel displays a general Payout value, it may represent the total Bitcoin amount already paid from that mining account.
For example:
The exact relationship can be affected by fees, adjustments, and the current payout-processing stage.
A payout can appear in PECPool after the Bitcoin transaction has been created and broadcast, while the Bitcoin network is still confirming it.
After the transaction is broadcast:
The time required for confirmation depends on Bitcoin network conditions and transaction fee conditions.
Automatic payout sends the account balance when the configured payout threshold and other payment conditions are met.
The standard minimum automatic payout threshold is:
0.001 BTCTo receive an automatic payout, the mining account must have a valid and confirmed Bitcoin wallet address.
When the eligible amount is selected for automatic payment, it may first appear under Waiting before the Bitcoin transaction is completed.
PECPool users can also submit a manual transfer request from the panel when the applicable conditions are met.
The standard minimum amount for a manual transfer from the PECPool panel is:
0.0001 BTCManual transfers require the account's security conditions, including Two-Factor Authentication, to be completed.
After a valid request is submitted, the amount may move from Balance to Waiting until the payment transaction is created.
When an amount enters payment processing, PECPool separates it from the available Balance to prevent the same amount from being requested or paid twice.
The amount should then be visible in:
A lower Balance combined with a corresponding Waiting amount normally indicates that the payment process has started.
This may happen when the complete available Balance has entered payout processing.
Example:
The funds have not disappeared. They are being prepared for payment and are displayed under Waiting until the payout stage is completed.
This normally means that no amount is currently in payout processing.
Possible reasons include:
The Payout value may represent the total amount paid over the entire history of the mining account, while Balance represents only the amount currently remaining.
Example:
This means the mining account has already received 0.500 BTC in previous payouts and currently has 0.006 BTC credited but not yet paid.
Earnings history may show all daily mining rewards over a long period. The current Balance only shows the unpaid amount that remains now.
Previous earnings may already have:
Therefore, historical Earnings can be much larger than the current Balance.
Possible reasons include:
Check whether the Earnings record is finalized and whether any amount is displayed under Waiting.
Daily earnings require processing after the mining day has ended.
If the record is temporarily missing:
A delayed record does not automatically mean the mining rewards have been lost.
Assume a mining account starts with:
Balance: 0.00080 BTC
Waiting: 0 BTC
Total Payout: 0.01000 BTCThe account then receives finalized earnings of:
0.00030 BTCThe updated values become approximately:
Balance: 0.00110 BTC
Waiting: 0 BTC
Total Payout: 0.01000 BTCThe account has now exceeded the 0.001 BTC automatic payout threshold. When the eligible amount enters payment processing:
Balance: 0 BTC
Waiting: 0.00110 BTC
Total Payout: 0.01000 BTCAfter the Bitcoin transaction is created and the payout record is completed:
Balance: 0 BTC
Waiting: 0 BTC
Total Payout: 0.01110 BTCThis is a simplified example. Actual values may be affected by payment fees, account settings, adjustments, and the exact amount selected for payout.
Assume an account has:
Balance: 0.00350 BTCIf a manual transfer request is submitted for:
0.00200 BTCThe values may temporarily become:
Available Balance: 0.00150 BTC
Waiting: 0.00200 BTCAfter the payout is created, the Waiting amount moves to payout history while the remaining 0.00150 BTC stays in Balance.
A valid Bitcoin wallet address is required before PECPool can send a payout.
When registering or changing a wallet:
Until the wallet is confirmed, automatic payout processing may not proceed normally.
Bitcoin transactions are irreversible after they are broadcast and confirmed.
Before confirming a wallet address:
Never enter a wallet private key or seed phrase into PECPool. Only the public Bitcoin receiving address is required.
After PECPool creates and broadcasts a payout, a Bitcoin transaction ID may be displayed.
The transaction ID, also called a TXID, identifies the payment on the Bitcoin network.
The TXID can be used to check:
A Waiting payment may not yet have a TXID because the Bitcoin transaction may not have been created.
Incorrect. Earnings represent calculated mining rewards. They are not a wallet transaction.
Incorrect. Balance is held in the PECPool mining account until payout.
Incorrect. Waiting normally means the payment is queued or being processed.
Not necessarily. A payout record may be created after broadcast while Bitcoin network confirmations are still pending.
Incorrect. Total Payout represents historical completed payments, while Balance represents the amount currently remaining.
Further investigation may be required when:
When contacting support, provide:
Never send your account password, Two-Factor Authentication code, wallet private key, or seed phrase to support.
| Value | Meaning | Blockchain Transaction Created? |
|---|---|---|
| Earnings | Mining rewards calculated for a completed period | No |
| Balance | Credited and currently unpaid account amount | No |
| Waiting | Amount queued or being prepared for payout | Not necessarily |
| Payout | Payment processed through a Bitcoin transaction | Normally yes |
The easiest way to understand PECPool account values is to view them as stages of one payment process.
Mining Activity
? Earnings
? Balance
? Waiting
? Payout
? Bitcoin ConfirmationsEarnings show what your mining operation generated, Balance shows what remains credited to the account, Waiting shows what is being processed, and Payout shows what has been sent.
Reviewing these values together provides a complete view of your PECPool mining rewards and Bitcoin payment status.
Copyright ©2026 PECPool.