Post
Topic
Board Beginners & Help
Re: Mining pool payout
by
OcTradism
on 02/02/2025, 05:09:00 UTC
Could you tell me once a mining rig is set up and linked to mining pool, is the daily payout in real world currency or tiny fraction of BTC?

Can the payout link into your coinbase wallet?
You can use any Bitcoin wallet to receive your mining reward from mining pool, but it's better if you use open source, non custodial wallets, with which you have full control of your private key and bitcoin.

If you receive mining rewards in very tiny amount, it will make many small or tiny UTXOs in your Bitcoin wallet. It will become issues for you when you need to broadcast a Bitcoin transaction in future.

Make sure you know how to consolidate your small inputs when you have chance with very cheap transaction fee rates.
What are the best Bitcoin wallets?
Recommended Bitcoin wallets.
[Jan 2025] Fees are low, think about Consolidating your small inputs @1.1 sat/vb