Autopay explained: hosting paid from what you mine
With autopay, your hosting is covered from your mining income and the rest goes to your wallet. How to switch it on or off.
Basics
Autopay is a way to pay for hosting without paying an invoice. Your hosting is covered from what your machines mine, and the rest of the bitcoin goes to your wallet.
Choose Miner hashrate. A message confirms that autopay is on.
The card shows the date from which your hosting is paid this way.
The i button on the card explains the choice in the portal's own words. If your mining account is still being set up, the card says so and autopay starts once it is ready.
Choose Monthly invoice. A message confirms that autopay is off.
The change applies from the next day, at 00:00 UTC. From then on, all the bitcoin mined goes to your wallet and you receive a monthly invoice again.
You can also ask us to make the change: write to hello@firsthandbitcoin.com.
What you see with autopay on
On Invoices, the month's status is Report and the Amount column reads Autopay. There is no Pay button.
The monthly document is titled Performance report. It shows How the bitcoin was split: the bitcoin mined, the part that went to Firsthand for hosting, and what You kept.
On My miners, the lighter part of each bar in the Production chart is the part that paid your hosting.
On Earnings, the From mining card says how much went to hosting and how much to your wallet.
If a month is not fully covered
If your machines mined less than the month's hosting, the report shows the amount carried to next month. If more was set aside than the month needed, the report shows a credit carried to next month. Either way, you see the figure on the report. You do not need to do anything.
Good to know
Your payout wallet does not change. The bitcoin you keep is paid to the same address as before.
If your machines are sometimes rented out, the card has a box Rented machines pay their own hosting. Leave it as it is unless we have talked about it with you.
To mine into your own pool account, switch back to Monthly invoice first.
Autopay does not change what your hosting costs. It only changes how it is paid.
Good to know: Not sure which way suits you? Many owners start with a monthly invoice to see the figures, then switch. You can change at any time.