Sorry, but it is a scam! Not only a scam but a strike of genius, too!

Here is the reason why:

1.) After your first payout(s) you try to transfer to your wallet whatever little you "mined"

=> This is the first time EVER that you're informed that the minimum transfer is 0.01 BTC
=> To the newbie, who just got his/her very first BTC this is frustrating but somewhat understandable, so you keep your machine running till the total of all your payouts exceed 0.01 BTC

2.) Second transfer attempt:
Now, the proud owner of 0.01x BTC finally wants to transfer the coins to his/her wallet. And BAM:
Now you get informed (FOR THE FIRST TIME EVER AGIAN) that you have to pay a 0.01 BTC transfer fee and that any transaction has to be a multiple of 0.01 BTC (i. e. that you have to "mine" at least 0.02 BTC and losing half of it to transfer fees).

=> At this point the devestated newbie realizes that this is not a fun way to start mining and stops using the service, leaving the owner with hundreds if not thousands of left newbie accounts

If the owner would clearly state that:

a) minimum transfer is 0.02 BTC (with a 0.01 BTC transaction fee)
b) transfers are possible only as multiples of 0.01 BTC

THEN it would be a poor deal.

This way it is utter scam!