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A comment on Warning Signs About Another Giant Bitcoin Exchange. Parent comment

Re:Warning Signs About Another Giant Bitcoin Exchange by ringaroundthetx on Tuesday November 21, 2017 @10:17PM (#15753950)
How did you lose money in a mining pool? Hopped in a cloudmining scam?

Mining pools don't store funds, you tell them your payout address.

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Re:Warning Signs About Another Giant Bitcoin Exchange by whyenot on Tuesday November 21, 2017 @10:23PM (#15753980)
I seem to remember that in some pools you had to initiate a payout to your wallet through the pool website. Payouts weren't automatic.
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Re:Warning Signs About Another Giant Bitcoin Exchange by ww520 on Tuesday November 21, 2017 @10:28PM (#15754004)
They used his machine for mining over the years but never paid?
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Re:Warning Signs About Another Giant Bitcoin Exchange by stordoff on Wednesday November 22, 2017 @01:52PM (#15759368)
In the early days, I fairly sure you had to manually request a payout. Even when automatic payouts were added, the default thresholds to trigger a payment were at what would now be a fairly significant amount.
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Re:Warning Signs About Another Giant Bitcoin Exchange by pmorici on Wednesday November 22, 2017 @10:05AM (#15757244)
They used to store funds.
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Re:Warning Signs About Another Giant Bitcoin Exchange by kobeya on Wednesday November 22, 2017 @01:10AM (#15754683)
Not all pool software was, or even still is so enlightened.
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