Mining address | Bitcointalksearch.org

jillscarbrough

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Quote from: MisterKT on March 06, 2018, 11:43:01 AM

Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool?

What you watch in the video may do dual-mining or showing you to add a backup pool, what mining software that used in that video? basically, you only need one wallet address as receiving address when the pool (if you do pooled mining) sends your mining results.

leowonderful

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Quote from: MisterKT on March 06, 2018, 04:59:27 PM

Quote from: ccgllc on March 06, 2018, 01:57:40 PM

Quote from: MisterKT on March 06, 2018, 11:43:01 AM

Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool?

That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary.

ps. Ignore the scammer that replied, he/she/it will likely be banned soon.

Ok got it. thanks
in that case, can all the mined coins be sent to the same wallet?
Or is it recommended to have separate wallet for security purposes?

I generally send all my mining rewards to my cold wallet address (a Ledger Nano S) for the sake of convenience. Most people I know use one wallet for mining rewards; it's simpler for consolidating inputs into one wallet for lower fees.

MisterKT

newbie

Activity: 56

Merit: 0

Quote from: ccgllc on March 06, 2018, 01:57:40 PM

Quote from: MisterKT on March 06, 2018, 11:43:01 AM

Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool?

That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary.

ps. Ignore the scammer that replied, he/she/it will likely be banned soon.

Ok got it. thanks
in that case, can all the mined coins be sent to the same wallet?
Or is it recommended to have separate wallet for security purposes?

ccgllc

copper member

Activity: 658

Merit: 101

Math doesn't care what you believe.

Quote from: MisterKT on March 06, 2018, 11:43:01 AM

Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool?

That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary.

ps. Ignore the scammer that replied, he/she/it will likely be banned soon.

MisterKT

newbie

Activity: 56

Merit: 0

Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool?

ccgllc

copper member

Activity: 658

Merit: 101

Math doesn't care what you believe.

One wallet, with one receiving address, is all you need per coin you wish to mine. Multiple addresses just make your housekeeping easier - like being able to keep track of what you make from different pools: just set up a different address for each pool.

MisterKT

newbie

Activity: 56

Merit: 0

Hello all,

Could you expert please tell me how many addresses are needed to mine Ethereum for example?
I have found on the internet that you needed a wallet public address to send the coin that was mined, what else?

thanks

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