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Topic
Board Pools
Re: [∞ YH] solo.ckpool.org 2% fee solo mining 267 blocks solved!
by
Gws24
on 17/11/2022, 13:23:23 UTC
@NotFuzzyWarm

Unfortunately the first post does not say anything about wallets, if we can use one from Binance or Bitcoin Wallet for example.
Do not use an exchange address. Some exchanges do not allow newly generated coins as deposits (probably because it screws up their system because new coins can't be spend until 100 confirmations so their systems can't move it to cold storage or hot wallet which they normally do after 3 or 6 confirmations <== my guess). This has been discussed previously:

Guys quick question, until now i've always used the binance btc "regular" address for solo mining.

Since there is also an option to use "btc segwit" and the address is different, lets supose i mine a block, would it be a problem to use "regular" btc instead of segwit?

Which "wallet" do you guys use when solo mining?

Don't use an exchange wallet for this unless you are sure they allow coinbase (newly minted coins) transactions. In february/march we had a discussion about it because someone wanted to use their coinbase (the exchange) address. Ultimately the answer was:

Hello, is there a way to get notified over email if you hit a block?? It would be a nice feature. Thank you.

Just get a wallet with an app that notifies you of a deposit, nice hash, binance whatever
1) Those are third party sites and not under your own control: not your keys, not your bitcoin. Don't think that is very smart.
2) some sites do not accept coinbase transactions as a deposit so if one is to use one of those 'wallets' then make damn sure they allow it.

When you say make damn sure they allow it..... How does one do that?

Ask them  Wink

I received info back from Coinbase.com.   Answer: "you can not and should not use your coinbase account to receive any mining rewards or block reward."  So, that's out.  I am running a full node so i can always use that address.  Good to know that coinbase doesn't accept/allow that. 
 

Now, I don't know if Binance allows it or not but I wouldn't want to risk hitting and not getting it in the end. Use the bitcoin core client as -ck says or for instance the Electrum wallet. Both are completely under your own control.