Ethermine new change on payouts, vs other mining pools? Or using L2 Polygon? - page 2.

swogerino

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Quote from: jimlaman8 on August 27, 2021, 06:55:28 PM

Quote from: swogerino on August 27, 2021, 02:58:37 PM

Quote

I thought thats what restoring the exodus wallet to metamask did, avoided the fees for er20 conversion by using metamask or am i not understanding that process i guess?

You can use directly Metamask wallet and that will avoid fees,Metamask if I remember correctly it is a wallet which runs as an add on in Firefox or Google Chrome or mobile app and you can connect it directly to Ethermine,this way you will get L2 Matic/Polygon from the main net and not from ERC 20 tokens,maybe in the future Exodus will accept main net Matic.

Anyone know if this is the basic steps to convert to metamask the exodus eth wallet (i assume the original address still works, i dont need change that in the miner? just link to the metamask "version")?

edit: this one https://www.youtube.com/watch?v=wNlTOjSR_GU

Im afraid to just convert without first sending 99% of my eth to ledger

I assume too, this method is really only good for converting the existing wallet from exodus to metamask, in that if i wanted to later do instant sells on mining, i'd need to settle for a coinbase exchange wallet and be forced to deal with the gas fees?

I don't know if you can link Exodus Ethereum Wallet address to Metamask but I think Metamask has an address of itself first as seen in the video you posted.So it is a lot of work to change to Metamask just to save a few fees which are now down as are now less than 60 Gwei from more than 110 that they were.My final advice is stick to Ethermine main net and wait for your payout when the Gwei fee falls.I did the same I had to get a payout yesterday night but only received today morning when the fee were 53 Gwei,I have put a minimum of 57 Gwei as Gas fee.If you manage to make 0.10 Ethereum in just 5-7 days then 3.5 USD fee I think is fair and bearable.

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I'm mining on ethermine before but I switch to other pool due to hassle and different payout. Not worth to mine there if you are a small miner unless if you can reach 0.1eth daily.

I switch to viabtc pool and auto withdraw on their coinex exchange. The rewards is fine pps+ but you can switch to pplns or solo. It does not have fee when auto withdraw even a small amount daily will automatically send to your coinex account.

I dont know if there is difference on the reward you can earn from ethermine compared to viabtc but what I noticed is that every end of the month viabtc gives me more reward. I think it's a bonus reward to stay mining on their pool.

jimlaman8

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Quote from: swogerino on August 27, 2021, 02:58:37 PM

Quote

I thought thats what restoring the exodus wallet to metamask did, avoided the fees for er20 conversion by using metamask or am i not understanding that process i guess?

You can use directly Metamask wallet and that will avoid fees,Metamask if I remember correctly it is a wallet which runs as an add on in Firefox or Google Chrome or mobile app and you can connect it directly to Ethermine,this way you will get L2 Matic/Polygon from the main net and not from ERC 20 tokens,maybe in the future Exodus will accept main net Matic.

Anyone know if this is the basic steps to convert to metamask the exodus eth wallet (i assume the original address still works, i dont need change that in the miner? just link to the metamask "version")?

edit: this one https://www.youtube.com/watch?v=wNlTOjSR_GU

Im afraid to just convert without first sending 99% of my eth to ledger

I assume too, this method is really only good for converting the existing wallet from exodus to metamask, in that if i wanted to later do instant sells on mining, i'd need to settle for a coinbase exchange wallet and be forced to deal with the gas fees?

birdjan

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yes,huobi have a pow pool.I am in crypto for about 5 years and in my oppinion and experience with other exchanges this is the best.on their ethereum pool pps+ reward system just like on many other pools.on huobi pool mining is free ,and withdraw is auto.mining reward is on your eth account on huobi exchange at about 11..a.m.+-2 hours.you can trade your eth for btc usdt usdc ........

swogerino

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Quote

I thought thats what restoring the exodus wallet to metamask did, avoided the fees for er20 conversion by using metamask or am i not understanding that process i guess?

You can use directly Metamask wallet and that will avoid fees,Metamask if I remember correctly it is a wallet which runs as an add on in Firefox or Google Chrome or mobile app and you can connect it directly to Ethermine,this way you will get L2 Matic/Polygon from the main net and not from ERC 20 tokens,maybe in the future Exodus will accept main net Matic.

jimlaman8

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Quote from: HashingTower on August 27, 2021, 12:43:35 PM

Quote from: birdjan on August 27, 2021, 12:17:03 PM

go to huobi exchange and mine ethereum on their pool.no fees and every 24 hours are automatic payout on your eth account on huobi exchange.I am here for 5 months .so far so excellent.

What the hell? Huobi exchange have a pow algorithm pool? 🤯 I thought we only have ViaBTC and binance exchange, how this is cool I will definitely check this out right now, thanks for sharing this vital information mate 👍

Is this a safe exchange, or i guess maybe it doesnt matter if payouts to a wallet are every 24 hours or similar, you wouldnt lose much either way

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Quote from: birdjan on August 27, 2021, 12:17:03 PM

go to huobi exchange and mine ethereum on their pool.no fees and every 24 hours are automatic payout on your eth account on huobi exchange.I am here for 5 months .so far so excellent.

What the hell? Huobi exchange have a pow algorithm pool? 🤯 I thought we only have ViaBTC and binance exchange, how this is cool I will definitely check this out right now, thanks for sharing this vital information mate 👍

jimlaman8

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Quote from: swogerino on August 27, 2021, 11:25:21 AM

Exodus support L2 Polygon/Matic as an ERC 20 token,so you have to convert it later,and the fees to convert it are big now for ERC20 tokens including Polygon/Matic.The choice is yours,personally I am sticking with the main net fees and keeping a 40 Gwei maximum fee I am willing to pay so the payout will only pass when the fee is a minimum of 40 Gwei.Below a picture of Exodus supporting Matic.

I thought thats what restoring the exodus wallet to metamask did, avoided the fees for er20 conversion by using metamask or am i not understanding that process i guess?

birdjan

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go to huobi exchange and mine ethereum on their pool.no fees and every 24 hours are automatic payout on your eth account on huobi exchange.I am here for 5 months .so far so excellent.

swogerino

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Yeah thats true but basically $7 or $8 adds up per week, if doing the metamask still lets the eth end up whereever i want it (ie: exodus or coinbase exchange eventually) i guess i should just do it and get it done now. Assuming its safe and i wont somehow lose my exodus funds (thinking ill offload those to ledger first just to be safe?). This all assumes the $7 per time goes away with L2?

Not sure if i have the steps right on going to metamask So yeah if that basically makes it like it was before these fees then im for that idea (or switching pools)

Exodus support L2 Polygon/Matic as an ERC 20 token,so you have to convert it later,and the fees to convert it are big now for ERC20 tokens including Polygon/Matic.The choice is yours,personally I am sticking with the main net fees and keeping a 40 Gwei maximum fee I am willing to pay so the payout will only pass when the fee is a minimum of 40 Gwei.Below a picture of Exodus supporting Matic.

jimlaman8

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Quote from: swogerino on August 27, 2021, 10:49:39 AM

In normal conditions it doesn't matter that much but now that the fees at this moment in the main net are 7.55 USD or 111 Gwei if I were you I would consider switching to Metamask and L2 Polygon/Matic,because for a small miner 7.55 USD is a lot of fees.However if you say you mine 0.10 Ethereum for 5 days then paying 7.55 USD shouldn't be that big of an headache for you.If you mine 0.01 Ethereum for 5 days than a fee of 7.55 USD is really not bearable so I recommend to change to L2 Polygon/Matic and save on fees.

Yeah thats true but basically $7 or $8 adds up per week, if doing the metamask still lets the eth end up whereever i want it (ie: exodus or coinbase exchange eventually) i guess i should just do it and get it done now. Assuming its safe and i wont somehow lose my exodus funds (thinking ill offload those to ledger first just to be safe?). This all assumes the $7 per time goes away with L2?

Not sure if i have the steps right on going to metamask So yeah if that basically makes it like it was before these fees then im for that idea (or switching pools)

swogerino

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Quote from: jimlaman8 on August 27, 2021, 10:34:50 AM

Im still fairly new to mining/crypto and such, so im trying to wrap my head around the options here.

Recently ethermine changed their payouts, i guess to include a gas fee on payouts (my threshold is 0.1 currently and 40 gwei)

I mine about 0.1 every 5 days.. so far im on day 7 and the last payout hasnt occurred because the threshold preset to 40 hasnt gone low enough.

I think thats roughly 0.0001 or maybe 0.00001 eth or more, unsure on the fee. As of now i'm sending it to exodus, though ultimately i need to employ a ledger i havent used yet and eventually i think ill send this straight to coinbase exchange for auto selling. (i dont think you can send partial on payout to do a split or i would)

From what i read, i could use "metamask" , something about restoring my phrase from exodus to metamask and then going to the dashboard on ethermine and connecting to the metamask wallet and setting it for L2? This would avoid gas fees. I dont quite understand this process, or if it really saves that much in doing so?

Are there alternative options given the above? Or maybe just switching to a different pool provider? Any opinions on using metamask, risky, safe, effective etc?

Thanks in advance

In normal conditions it doesn't matter that much but now that the fees at this moment in the main net are 7.55 USD or 111 Gwei if I were you I would consider switching to Metamask and L2 Polygon/Matic,because for a small miner 7.55 USD is a lot of fees.However if you say you mine 0.10 Ethereum for 5 days then paying 7.55 USD shouldn't be that big of an headache for you.If you mine 0.01 Ethereum for 5 days than a fee of 7.55 USD is really not bearable so I recommend to change to L2 Polygon/Matic and save on fees.

jimlaman8

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Im still fairly new to mining/crypto and such, so im trying to wrap my head around the options here.

Recently ethermine changed their payouts, i guess to include a gas fee on payouts (my threshold is 0.1 currently and 40 gwei)

I mine about 0.1 every 5 days.. so far im on day 7 and the last payout hasnt occurred because the threshold preset to 40 hasnt gone low enough.

I think thats roughly 0.0001 or maybe 0.00001 eth or more, unsure on the fee. As of now i'm sending it to exodus, though ultimately i need to employ a ledger i havent used yet and eventually i think ill send this straight to coinbase exchange for auto selling. (i dont think you can send partial on payout to do a split or i would)

From what i read, i could use "metamask" , something about restoring my phrase from exodus to metamask and then going to the dashboard on ethermine and connecting to the metamask wallet and setting it for L2? This would avoid gas fees. I dont quite understand this process, or if it really saves that much in doing so?

Are there alternative options given the above? Or maybe just switching to a different pool provider? Any opinions on using metamask, risky, safe, effective etc?

Thanks in advance

Topic: Ethermine new change on payouts, vs other mining pools? Or using L2 Polygon? - page 2. (Read 336 times)