Ninjastic
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Re: [70+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈
by
NomadGroup
on 28/05/2017, 16:22:10 UTC
Quote from: overcon on May 28, 2017, 02:17:02 PM
Quote from: Tamerz on May 28, 2017, 12:22:06 PM
Quote from: NomadGroup on May 28, 2017, 07:27:29 AM
It's ok to send it to an Exchange, well I'm my case it is Volabit ( not sure if it's considered an exchange).  I just let the BTC accumulate there until I get like a 0.5 or 1 BTC and then I transfer them to the hardware wallet (if I don't sell them right there and then).  I think it is completely fine just don't keep too much BTC there, I personally don't let it go over 1 BTC.  For me Volabit works the best, I like the page layout, notifications and they charge me barely anything for pulling my BTC out.  I've never had a problem with any of the transfers from them, and it Has been always very quick for me! Smiley

I'm a little confused, why don't you just have the mining rewards go straight to your hardware wallet?

 -Tamerz

That is what we were talking about. I have, had, all my winnings for BTC going to my Ledger Nano S. After that I usually sent the BTC to the exchange, but my transaction fee kept going up. The last time I got $60 or so bucks in coins (4-5 payouts worth for me) I went to send it to the exchange and the Nano wanted over $15 to send $60 bucks worth of bitcoin! (And that was on the cheapest Low Priority one) So I did a custom one and selected 100 Satashoi's but that ended up beeing too low and no miner picked it up to confirm it so it was stuck. So I used a transaction accelerator and it worked.

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

Actually I've contacted the Ledger support after I wasn't receiving the withdrawal I did in over 24 hours and that's when they asked me if I had miner rewards sent to my address and I said yes so he explained to me that this was the reason for the amount of time it is taking and told me to have the miner rewards sent somewhere else before storing them in a hard wallet.  I suggest you change your payout address as soon as possible because all of the 7 payouts that we are supposed to receive will still be sent to the old address you've had on Kano, even if you change it now the first reward that you will receive at your newly added address will be starting the next Block found.  If you're in the U.S the Coinbase could work very well for you so open a wallet there and change your payout address to it and then you will have all the time you need to look for another wallet if you don't like Coinbase. SmileySmileySmiley