Can someone help me out in understanding how payouts work? Apparently I'm not doing something right. I first setup auto-exchange for all coins and input my bitcoin address from Coinbase. I didn't get any payout after a day. Then I tried using my address from bitcoin-qt and again waited. Still no coins. Lastly I setup each coin with its own deposit address from Cryptsy and waited once more. Still no coins. I was able to do a manual payout to cryptsy yesterday and it showed up after a couple hours. But how do I set it up where the coins are automatically deposited? As you can see, I'm somewhat confused on how to setup payouts properly and how it works in general. Am I correct in assuming that the auto-exchange feature will convert the altcoins into btc/ltc and transfer it to a given btc/ltc address? If so, where do I input my ltc address on the site? I only see a place for a btc address, which I used the address a got from bitcoin-qt. Is that correct? Sorry for such a newbie post, but I have only been at this for a few days. I appreciate any input from anybody.
Auto-Exchange, when enabled for coins, will pay you once a day around 9pm EST in BTC, assuming you reach a minimum exchanged balance of 0.01BTC. If you have under 0.01BTC, it will roll into the next day's payout.
You can view the status of all of your coins from the AutoExchange tab on the left menu, and it displays your exchanged/unexchanged balances as well.
Thanks!
Thanks for responding merc82. So all I have to do is put my bitcoin address in on the settings page and select auto-exchange for the coins. And as long as the converted payout is above .01btc it will be sent to that address. I thought I did that when I first started 3 days ago, but maybe I didn't. On the dashboard page, it shows that I had over .01 per day. But I didn't see any payout to my wallet. Does it matter what wallet I use? Coinbase or the bitcoin-qt wallet? My coins are now automatically depositing to cryptsy ok, but I would rather use the auto-exchange feature if I can get it to work. Also, on the exchange page, I noticed that on the 'Your Credit' column it has BTC and LTC. Does that mean my coins are converted to that currency? Because I never input a LTC address. I appreciate your help. This is kinda overwhelming, but I'm slowly grasping it.
Wallet does not matter.
Originally auto exchange system was design to exchange to BTC or LTC. But LTC was dropped soon and it is there for historical reason mostly.
2 things could happened with your original auto exchange settings.
1) When you set all coins to auto exchange you still need to put your pin and press `Update` button. This is easy to miss out.
2) You where not having 0.01 BTC at the payout time (21-22 EST), but rather generated it latter, and happened to change the settings just before the second payout window arrived.
What is you hash rate, btw?
1) It's very possible.
2) This is probably what happened. And me thinking I would see an immediate update to my wallet didn't help. So I switched wallets from coinbase to bitcoin-qt. I probably didn't give it enough time. How long does it typically take for auto-exchange to show in a wallet? Right now everything seems to be working ok using cryptsy, but I'm going to give the auto-exchange another shot later.
My hash rate is averaging about 1100k on two asus 290x dcu2. I know, it's very disappointing. I was able to get the hash rate up to about 1300k, but I wasn't comfortable with the temps. I haven't heard about anyone having good mining results with these cards. But to ease the pain, I keep telling myself I bought them for gaming, not mining.