Post
Topic
Board Pools
Re: [70+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈
by
oawan
on 28/05/2017, 15:18:27 UTC
But ultimately the issue is, where to send mined rewards from here to that is the safest & cheapest to either keep or use on an exchange. He was asking why I don't have my rewards sent to my exchange and I was saying that everything I have read said not to have rewards sent to exchanges but to a wallet first, then to an exchange. Even the moderators at the exchange I use said to do it that way.
So that is the issue Smiley

Someone correct me if I'm wrong, but there are two types of mining rewards.  The first type is like if you are solo mining, where the rewards are generated directly at your address.  This is the type of rewards that cannot be directly sent to an exchange.

The way Kano does it, the rewards are generated to an address he owns then sent as a regular transaction (with zero fees) in the first block after 100 confirms.  So these rewards are fine to send directly to an exchange (and I have done it as well). 

So with TX fees being what they are, it would make sense now to have your rewards sent directly to a reputable exchange and then withdrawing them in one large batch.