Post
Topic
Board Mining (Altcoins)
Re: Mining earnings are terrible, I'm shutting down for a while
by
blockchange88
on 02/02/2018, 21:30:09 UTC
hey phil, are you concerned about the payout today? i see my wallet balance is there, but i am unable to withdraw. ive already read through other peoples post, and twitter etc etc but i put more value in your opinion.

https://www.nicehash.com/miner/34RV1eTFYKFcx5AqF5rJTPB7KCbv4hdYk7

one of my accounts, you can see the pending balance, but unable to withdraw on the wallet page. i use coinbase.

thanks

You can't withdraw it from your wallet because it isn't in your NH internal wallet.  It's still in the unpaid mining balance bucket.  Why? Who knows.

Is that the same bucket that NH charges 2% to transfer to their internal wallet where it can wait to get stolen by hackers? Asking for a friend...



Here's what they have been doing since they came back online after the hack ... Payout once daily to NH internal wallet.  They take their 2% ... And then you can transfer that to CoinBase for free.

They also give you the option of having it sent to an external wallet of your choice.  Not sure what the threshold or fee is for that.

the free coinbase transfers are working well for me. if you want to avoid paying taxes, you can withdraw to an external wallet. my issue with that is, since im hodling, having in place a start date for my capital gains is nice. im lucky that i have enough runway to keep me in the green while i hodl.

i even tried mining the most profitable coin that day or that week and converting to btc-->ltc-->coinbase-->btc OR just directly convert to eth-->coinbase-->btc. i find ltc better, but by the time the whole transaction is done, you end up losing quite a bit in transaction/trading fees. so directing a couple rigs directly at the nicehash equihash pool works out well for me (nvidia cards) + i can get daily payouts for free.