Cointellect back to normal except week end withdrawal will have 30% fee

Cointellect kind of kept their promise. However not 100%, because cointellect will continue to charge 30% fee for withdrawal <10eur on weekends, that’s Sat. and Sunday.

Cointellect mining pools appears to be working properly now. No more disconnected all of a sudden, freeze, timed out, or not responding and so on. The earning appears to be consistent.

Cointellect published this news on its official website earlier on New year day 1/1/2015. In the news Cointellect mentioned that they will appears at the Bitcoin Expo 2015 in London. I checked the expo website and indeed Cointellect name was there, but as Mining Sponsor as I don’t see anything else other than being on the list as mining sponsor. I don’t see cointellect has representative or guest speaker at the Bitcoin expo.


Happy New Year!

Published at Dec 31, 2014 5:35:42 PM
Happy New Year

A’hoy Shibes,

We hope you all had a very merry Christmas. Our development team just wanted to issue a quick announcement reminding you all that the Dogecoin withdrawal commission will be waived on January 1st as promised.

However, due to inconsistent pool performance during the weekends, the same commission ranging from 20%-30% may be imposed on Dogecoin withdrawals during the weekends (Saturday and Sunday). Historically, CoIntellect’s pool has performed better during the week so the commission will only be in effect during the weekend. Readers should keep in mind that CoIntellect strongly encourages the use of CryptoPay. CryptoPay and PayPal withdrawals will not be subject to this fee and will be processed as usual.

To bypass this weekend commission, simply use CryptoPay for withdrawals. CryptoPay allows you to withdraw via Bitcoin instantly and without any fees. The Dogecoin withdrawal commission will likely be removed once our Dogecoin payouts matches our Bitcoin payouts in terms of volume.

Lastly, CoIntellect will be making an appearance at BitcoinExpo 2015 in London. Our team is excited to attend this influential event and we all look forward to meeting the community. If you happen to be in the area, we invite you to attend. Attendees will range from start-ups, students, companies, exhibitors, entrepreneurs, enthusiasts, and cryptocurrency supporters. For more information, check out the BitcoinExpo 2015 website.

As always, feel free to contact support if you have any questions or concerns regarding these changes.

Happy New Year,
CoIntellect Staff

PayPal payouts during Holidays Schedule