Post
Topic
Board Mining (Altcoins)
Re: Ethermine new change on payouts, vs other mining pools? Or using L2 Polygon?
by
jimlaman8
on 28/08/2021, 17:51:49 UTC


I had seen info elsewhere where when you setup metamask for the first time the two choices are new wallet or restore using a passphrase, i guess you just enter the exodus passphrase and it converts it.  Im still hesitant to go this route though.


There is no "conversion" being done, so I wouldn't hesitate in the slightest about doing this. 

To assure yourself, you can leave Exodus set up on one device, say you have it on mobile.  Then put the metamask extension on your laptop.  You use the 'restore using passphrase' when setting up metamask, and you will see you will simply have all your Ethereum mainnet stuff from your exodus wallet there on the metamask.  No trick or conversions apply.  Think of it like using either OpenOffice or Word to view/edit the same .doc file. 

Thanks for those replies.. alot to take in for a "medium" newbie.. and also i think confusing at first, they sure dont make things simple i guess.

So it sounds like I have a few options:
1.  convert my wallet (restore to) metamask, then change to the L2 setting in ethermine pool (or is this where you said caution), live with the wrapped ether unless one day i opt to sell, then ill pay some fees to bridge back (or would a place like crypto.com avoid those fees, something about a recent change there for L2, now i forget)

2.  Just leave my gwei setting at 40, normally every 5 days for me 0.1, so far im on day 9ish without a payout (or raise this to say 67), pay the fee, as other pools without the fee "could" be less profitable anyway, if it ends up that same fee every 2 weeks, perhaps its less than doing it every week at a higher gwei


My mid term plan was either to send all coin on all workers to coinbase pro or similar for autoselling or configure maybe half my workers to exodus, the others to coinbase (i think needs to be autosell to only be 1099)
So either way there i guess im hit with the gas fee

Side question is on ledger, i've yet to get things of any coin onto my ledger, i guess mining directly to a ledger address isnt a good idea or i think i read this.  I'd also prob move most of my eth to it, if i tried the metamask (paranoid a bit)