I just tried to mine at flypool & directed my mining payout to poloniex account.. I'm new to mining cryptocurrency..there are many things that i don't understand..maybe this is stupid question..

just want to ask: what does it mean by "PENDING 7 of 16" in status confirmation in deposit history in poloniex?? appreciate any help..


Each payment needs a certain amount of confirmations across the chain to confirm it is genuine.