Mining directly to a Trezor? | Bitcointalksearch.org

edonkey

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Quote from: armedmilitia on March 08, 2015, 05:45:53 PM

Likewise, you could just set your pool payout threshold higher, and then you will have less inputs.

True. But some people aren't comfortable with leaving rewards on a pool for extended periods of time. Presumably you trust the pool or you would not be mining there. But there's always the possibility of a hack.

Also some pools don't let you set a threshold. For example, I think that NiceHash/WestHash pays out four times a day if you've mined over a certain constant threshold. I don't think the payout threashold is configurable on that pool currently.

armedmilitia

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We're going to need a bigger heatsink.

Quote from: edonkey on March 08, 2015, 04:13:26 PM

The only minor issue that I've found through more searching is that sometimes it can take a long time to sign if you're dealing with a large number of inputs. Sounds like the limitation there is that the Trezor processor isn't all that fast and it takes a fixed amount of time per operation, so lots of signing operations will result in a slow down.

Collecting lots of little mining rewards would result in the same effect when you go to spend them. But a suggested work around from another poster was to collect the rewards on a sub account, then consolidate them to the main account.

I'm not sure I would bother to do that. Although it might make sense to pay a small time penalty periodically through consolidation rather than a large one when you want to spend.

Likewise, you could just set your pool payout threshold higher, and then you will have less inputs.

edonkey

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The only minor issue that I've found through more searching is that sometimes it can take a long time to sign if you're dealing with a large number of inputs. Sounds like the limitation there is that the Trezor processor isn't all that fast and it takes a fixed amount of time per operation, so lots of signing operations will result in a slow down.

Collecting lots of little mining rewards would result in the same effect when you go to spend them. But a suggested work around from another poster was to collect the rewards on a sub account, then consolidate them to the main account.

I'm not sure I would bother to do that. Although it might make sense to pay a small time penalty periodically through consolidation rather than a large one when you want to spend.

MilesJohan

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Shouldn't just putting in the trezors wallet address do the trick alone ? Should work just fine.

notlist3d

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Quote from: edonkey on March 01, 2015, 10:36:51 AM

Before starting this thread, I read the Trezor's manual and FAQ cover to cover. I also searched this forum to get a sense of how people used their Trezors. Do they mine directly to them, or use them more as a rarely accessed bank?

What I found was a couple of posts indicating that a problem related to mining was fixed in the latest Trezor firmware (the release that supports multi-sig). But the actual issue referenced in the post wasn't clear.

That got me thinking that it might be worth asking if anyone had issues with direct mining. Maybe there are firmware versions to avoid. Or maybe there are usability issues to consider, like setting up watch-only wallets to keep track of income if the Trezor is rarely connected to a computer.

If it's as easy as just picking one or more of the generated receive addresses and mining to it, then great. But if there are other subtleties or usability issues, then I'd be interested in anyone's direct experience.

You use a the trezor to access a wallet stored on their site. You would be mining to a BTC address that you need your trezor to access the BTC.

Personally i like videos on some things. This video should explain alot : https://www.youtube.com/watch?v=ggVKVmcmflk

edonkey

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Before starting this thread, I read the Trezor's manual and FAQ cover to cover. I also searched this forum to get a sense of how people used their Trezors. Do they mine directly to them, or use them more as a rarely accessed bank?

What I found was a couple of posts indicating that a problem related to mining was fixed in the latest Trezor firmware (the release that supports multi-sig). But the actual issue referenced in the post wasn't clear.

That got me thinking that it might be worth asking if anyone had issues with direct mining. Maybe there are firmware versions to avoid. Or maybe there are usability issues to consider, like setting up watch-only wallets to keep track of income if the Trezor is rarely connected to a computer.

If it's as easy as just picking one or more of the generated receive addresses and mining to it, then great. But if there are other subtleties or usability issues, then I'd be interested in anyone's direct experience.

notlist3d

legendary

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Just sounds like you need to read some instructions.

Only thing I would say worry is if you bought it opened. I would buy new and check the seal.

Or you an always go with some sort of cold storage.

takagari

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just point it to the trezors wallet..

edonkey

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I've gotten to the point where I've mined enough BTC that I'm considering moving to a Trezor.

Currently I mine to a few addresses in a Bitcoin-Qt wallet. I guess we all have to start somewhere Wink

Any concerns about mining directly to a Trezor?

Topic: Mining directly to a Trezor? (Read 3107 times)