About mining ETH and holding BTC | Bitcointalksearch.org

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: Ketesnuko on April 20, 2022, 02:34:04 PM

Quote from: FP91G on April 20, 2022, 04:41:17 AM

I would mine ethereum at https://ethermine.org/
Would receive payouts with low commissions to the polygon network and buy wrapped bitcoins or transfer these coins to most exchanges with low commissions. Nicehash automatically selects the most profitable algorithm for you at the current time

I'm happy someone talk about this finally, there is also spiderpool that supports this ETH to Polygon Network payout to fix high gas fee issue but I can't find any exchange that accept deposits of ETH Polygon, is there something I am missing here?.

Check out these exchanges, but I think there are many more.
Binance, KuCoin,OKEx, CEX.IO, Huobi,FTX,Gate.io,Kraken,Poloniex,Bitforex,Bittrex,Coinbase
If they don't accept ETH Polygon, then see if they accept USDT Polygon. You can exchange ETH Polygon for USDT Polygon on Uniswap with a low commission.

adaseb

legendary

Activity: 3738

Merit: 1708

It’s different for everybody. Some prefer to only hodl Bitcoin while others prefer Ethereum and for some it’s both. Generally the old adopters prefer bitcoins classic ease of use, it’s simple and everything. While others prefer Ethereum because it has tokens, stablecoins and much faster to confirm your transaction. You can also do Defi and NFTs. To each and his own.

Nobody knows which will be more profitable. Obviously since Ethereum market cap is smaller it will go up in percentages higher than Bitcoin. However keep in mind it can also drop more if there is a nasty bear market or some flash crash.

kaya11

full member

Activity: 1302

Merit: 110

Quote from: MidNite36 on April 19, 2022, 11:44:08 AM

Does it make sense to mine ETH and get paid in BTC? Any advantage to value here? Something that the Nicehash platform has to offer, Is anyone still using this platform?

Also, Nicehash introduce a NiceX swap platform, they promised the lowest exchange fee but I haven't used it, I just want to know if anyone is using this platform swap engine, anyone?

I have used Nicehash when I was still exploring on mining and the best experience they gave me is it automatically mines the best coin in real time and pays you in BTC. I am mining on a pool right now and whenever the payout limit is reached it directly sends to my local wallet which saves me extra hassle, and it leaves me the choice to either hold it or convert it to our local currency.

Mosharafhh

jr. member

Activity: 956

Merit: 1

[
[/quote]

I think it does. When I was mining ETH directly I found that it wasn't a great experience due to the lack of control over withdrawals without paying crazy fees. I also hold substantially more BTC than ETH and would like that trend to continue. It makes no sense for me to mine ETH directly, pay a transfer fee to an exchange, trade for BTC, then pay another withdrawal fee to get it into my wallet. It's much easier to just mine on Nicehash and withdraw the funds whenever you feel like it. Besides being easier, it's cheaper and you have more control as well. Granted, ETH has outperformed BTC in recent times, so you probably would have been better buying and holding ETH, you can also get a better return % on your ETH from staking, but I still go with BTC. Just weigh the pros and cons and go with what you think is best.
[/quote]

Sir will you tell me about nicehash actually i dont know about any software mining very welly because most of them is scam but is there any real software miner and how they pay and what is the main purpose they use in mining fund where from it comes as a dividend?

Ketesnuko

member

Activity: 233

Merit: 12

Quote from: FP91G on April 20, 2022, 04:41:17 AM

I would mine ethereum at https://ethermine.org/
Would receive payouts with low commissions to the polygon network and buy wrapped bitcoins or transfer these coins to most exchanges with low commissions. Nicehash automatically selects the most profitable algorithm for you at the current time

I'm happy someone talk about this finally, there is also spiderpool that supports this ETH to Polygon Network payout to fix high gas fee issue but I can't find any exchange that accept deposits of ETH Polygon, is there something I am missing here?.

swogerino

legendary

Activity: 3136

Merit: 1233

Leading Crypto Sports Betting & Casino Platform

Nicehash is old and is rarely more profitable than mining directly on a pool.I am one of the persons who mines Ethereum and Ethereum Classic with my old cards and I only use 2miners pool because they can pay me directly in Bitcoin which I value a lot.I value this because in the long run I think only people who hold Bitcoin will make huge amounts of money when the time will come.

FP91G

legendary

Activity: 1610

Merit: 1026

I would mine ethereum at https://ethermine.org/
Would receive payouts with low commissions to the polygon network and buy wrapped bitcoins or transfer these coins to most exchanges with low commissions. Nicehash automatically selects the most profitable algorithm for you at the current time

YellowSwap

member

Activity: 200

Merit: 27

KUWA.ai

Quote from: philipma1957 on April 19, 2022, 10:49:01 PM

mine eth on viabtc.com

open an account with them

open an account with coinex.

https://www.viabtc.com/signup? no referral

my referral link is:

https://www.viabtc.com/signup?refer=257609

I get a few pennies from the fees they charge you.

viabtc.com will kyc you but the exchange coinex.com won’t

i mine a lot of eth on viabtc more than 100 cards more than 7gh

I transfer the eth to coinex for free.

I sell the eth for btc ,doge and cash.

I have very little faith in eth and see it to becoming the largest crypto fail ever.

This is why:
Mr V is human and if he is locked up 🆙 or dies Bye bye eth.

I use viabtc too but I never passed any form of KYC verification, maybe they just introduced this? But last week I mined on this viabtc pool through out, get my Ethereum deposited to CoinEX account, easy and more cheaper than Nicehash.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

mine eth on viabtc.com

open an account with them

open an account with coinex.

https://www.viabtc.com/signup? no referral

my referral link is:

https://www.viabtc.com/signup?refer=257609

I get a few pennies from the fees they charge you.

viabtc.com will kyc you but the exchange coinex.com won’t

i mine a lot of eth on viabtc more than 100 cards more than 7gh

I transfer the eth to coinex for free.

I sell the eth for btc ,doge and cash.

I have very little faith in eth and see it to becoming the largest crypto fail ever.

This is why:
Mr V is human and if he is locked up 🆙 or dies Bye bye eth.

Bitcoin_Arena

copper member

Activity: 2030

Merit: 1788

฿itcoin for all, All for ฿itcoin.

I think this is subjective and it depends on how long you plan to hold your mined coins.

If you like cashing out after short periods, then to mine ETH and get paid in BTC would make sense, as you would avoid the ridiculous transactions fees of ETH network.
If you are planning to HODL, getting paid in ETH wouldn't matter. Even in the recent Bull market, ETH outperformed BTC in terms of percentage gains.

Keep an eye on the ETHBTC chart to get the best out of the strategy

legcramp

jr. member

Activity: 49

Merit: 1

It's true that ETH outperforms BTC recently but you also get more BTC for the ETH you're mining if that's the case.

OgNasty

donator

Activity: 4732

Merit: 4240

Leading Crypto Sports Betting & Casino Platform

Quote from: MidNite36 on April 19, 2022, 11:44:08 AM

Does it make sense to mine ETH and get paid in BTC? Any advantage to value here? Something that the Nicehash platform has to offer, Is anyone still using this platform?

I think it does. When I was mining ETH directly I found that it wasn't a great experience due to the lack of control over withdrawals without paying crazy fees. I also hold substantially more BTC than ETH and would like that trend to continue. It makes no sense for me to mine ETH directly, pay a transfer fee to an exchange, trade for BTC, then pay another withdrawal fee to get it into my wallet. It's much easier to just mine on Nicehash and withdraw the funds whenever you feel like it. Besides being easier, it's cheaper and you have more control as well. Granted, ETH has outperformed BTC in recent times, so you probably would have been better buying and holding ETH, you can also get a better return % on your ETH from staking, but I still go with BTC. Just weigh the pros and cons and go with what you think is best.

MidNite36

member

Activity: 208

Merit: 10

Does it make sense to mine ETH and get paid in BTC? Any advantage to value here? Something that the Nicehash platform has to offer, Is anyone still using this platform?

Also, Nicehash introduce a NiceX swap platform, they promised the lowest exchange fee but I haven't used it, I just want to know if anyone is using this platform swap engine, anyone?

Topic: About mining ETH and holding BTC (Read 106 times)