Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Mining Pool Hub - Multipool. Multialgo, Auto Exchange to any coin.
by
mjmeans
on 07/10/2017, 05:47:46 UTC
Then it's a none issue. Send it to the exchange yourself or let the pool do it. You're most likely using the same exchanges.

I'm sure most people convert everything to bitcoin as it's the easiest to convert to cash. You can literally send it to a Bitcoin card, withdraw from one cash machine, deposit into your current account and is all available within an hour then go live the dream and stop worrying.

Well, I disagree. When I mine ETH on nanopool, I see the pool fee and the exchange fee that transfers to my wallet. Everything is documented and traceable. And I exchange directly to cash on GDAX not to BTC first. And that exchange has no exchange fee on a limit sell. I'm not going to pay even a fraction of a percent if I don't have to. The cash out fees on MPH are 0.0003 BTC for BTC (~$1.30) or 0.001 ETH for ETH (~$0.30). So each daily cash out of BTC costs more as long as the pool is not causing me to lose more than 0.003 ETH in any auto-exchange to ETH.