BitMinter is changing the minimum auto cash out threshold from 0.001 to 0.01.

The problem with 0.001 cashouts is that it gives you a "wallet full of pennies" and you will be forced to pay fees to send all those tiny amounts elsewhere later. With over 5000 active miners it is also starting to cost the pool a bit to do free cash outs, especially of such tiny amounts that demand a fee. So essentially we were spending money to help newbies shoot themselves in the foot.

Starting now, the website won't allow setting thresholds below 0.01. If you already have your threshold set below that, then it is recommended to change it to 0.01 or higher. If you don't, then that change will be forced on saturday june first (2013.06.01). Contact me (operator@bitminter.com) if you have any problems.