How Can I Get My Ged for Free and Fast?

Spoiler: Now yous tin can get daily payouts from the Ethereum pool starting from $1.75 without fees.

Contents

• Ethereum Miners Are Getting Less Profit after the London Upgrade
• Delayed Payouts to Ethereum Miners
• 2Miners Solves the Payout Bug
• Free Payouts in Nano for Ethereum miners
  • How does information technology work?
  • Settings
  • When Nano Payouts Are Processed
  • Fees
• Is Bitcoin Mining on GPU Possible?
  • Settings
  • When Bitcoins Payouts Are Processed
  • Fees
• How to Set up Pop Mining Operating Systems for BTC and NANO Payments
  • RaveOS Settings
  • minerstat Settings
  • HiveOS Settings
  • mmpOS Settings
• Conclusion: Cryptocurrency Auto-Substitution in Mining

Ethereum Miners Are Getting Less Profit after the London Upgrade

For the past ii months, there have been constant issues with transactions after the London upgrade in the Ethereum network. Transaction fees are too loftier, and transactions are often late.

Primary Issue: Say, a miner with one GPU earns $three.00 per twenty-four hours. To become his monthly payout of $xc, he must pay $7.50, which is almost ten% of his profit. Not but Information technology's too much, but many miners also want to get payouts each calendar week or even more often.

The Ethereum network has had an result with high transaction fees between addresses for a long time. It didn't business concern mining pools before: they could decide for themselves which transactions and fees to include in their blocks, and which to exclude. Now mining pools don't accept an advantage. They are forced to send payouts to miners at market place toll.

At the time of writing, the Ethereum transaction fee is $x per transaction.

It happens due to the Ethereum network load. The London upgrade was supposed to solve this result, just information technology just fabricated the state of affairs worse. When at that place are many transactions in line, the base gas price rises. You lot can read more near the "gas" concept in the dedicated article: What is Gas in Ethereum? Ethereum Transaction Fees.

In the instance of smart contracts, widely used by cryptocurrency exchanges and online wallet providers, each transaction costs even more: up to $20–$30.

As a mining pool, all we can exercise is to limit the max gas price we pay to transport payouts so that our miners don't waste matter a significant office of their profits on payout fees. Currently, our max gas toll is 100 gwei, and then a miner pays no more than than $7.60 to send a payout to a standard address.

Delayed Payouts to Ethereum Miners

High transaction fees in Ethereum lead to the second problem: payouts arrive tardily. They are not ever delayed: only on those days when the Ethereum network is overloaded. Sadly, the network is overloaded almost not-terminate, and we don't call up it is going to change for the better. The number of active cryptocurrency users is constantly growing.

As a result, information technology too hurts miners. The pool sends payouts only when the transaction fee reaches an adequate level: under $7.lx per transaction. The rest of the time miners have to await for their payouts hoping that the gas price in Ethereum goes down.

Let'southward await at last week's gas price chart. Keep in mind that the pool set a limit of 100 gwei. The chart tin be roughly divided into ii parts: three days to the left (October 2–iv) when the pool pays as usual and iv days to the right (October v–8) when the pool payments are delayed.

Users complain about information technology all the fourth dimension, only what can we exercise? We can only enhance the gas limit even more than. How much would a transaction toll and so? $20? $xxx? Information technology's unacceptable. Virtually miners won't appreciate such a decision and volition have to wait for other sources of income. They tin can't just modify the puddle for mining, equally all the pools are having the aforementioned problem.

2Miners Solves the Payout Bug

Yous are a small miner with one graphics card and yous want to get paid today, right away, without paying insane Ethereum Network fees. How can you exercise it?

A logical thing to do is to become payouts through another cryptocurrency network that doesn't have all these issues. Then we studied transaction fees and operation speed of popular coins. Nano (ticker: NANO) turned out to be the most suitable cryptocurrency. What is this coin?

At the fourth dimension of writing, Nano ranks 113th among all cryptocurrencies by marketplace cap.

Nano's main advantage is instant and completely free transactions.

Nano is traded on many cryptocurrency exchanges. The daily trading book is $15+ million. In one case the puddle pays you, you tin commutation Nano at any fourth dimension for whatever cryptocurrency (fifty-fifty Ethereum). In the stop, you will accept even more than Ethereum this way than by getting paid in Ethereum directly. Pool payouts in Nano price you lot zip.

Our Ethereum pool can now process the payouts in NANO.

We sympathize that you might be surprised past our decision, as you lot don't trust this coin. That is why nosotros came up with some other solution: payouts in Bitcoin. What can exist better? Unlike Nano, Bitcoin requires a transaction fee, but it'southward much lower than Ethereum's.

Free Payouts in Nano for Ethereum miners

At present you can become payouts in the Ethereum pool for costless every day fifty-fifty if yous accept only 1 graphics menu. Also, Nicehash and other mining rental platforms are supported.

How does it work?

Once the payout threshold set by a miner is reached, the puddle automatically exchanges ETH earned by the miner to NANO. We currently apply such cryptocurrency exchanges as Kraken and Binance. Cryptocurrencies are e'er exchanged at market cost.

Say, your payout threshold is 0.0005 ETH (approx. $1.75). You lot accumulate 0.0006 ETH ($2.i), which sets the payout process in move. The pool sends your 0.0006 ETH ($2.i) and coins of other miners to substitution and converts them to NANO at market place price. Later on the pool gets money in NANO, it issues payouts to each miner in NANO. As a issue, you become the equivalent of 0.0006 ETH ($2.i) in Nano to your wallet without losing a penny.

At kickoff, we didn't want to set a payout threshold for payments in NANO. Say, you earn 0.0001 NANO in a 24-hour interval (less than $0.0005 at the current exchange rate). We know that many users mine directly to an substitution. Exchanges often have a deposit threshold. For example, a minimum eolith on Kraken is 0.1 NANO. That is why we fix a threshold for payouts in NANO in the pool: the equivalent of 0.0005 ETH (~$1.75). Even the weakest GPU that mines Ethereum can accumulate the required minimum in one day.

Settings

1. Get a desktop or mobile NANO wallet or generate a NANO address on a cryptocurrency commutation. The all-time wallet is Natrium. The best exchanges are Binance, Kraken, KuCoin.
2. Supersede your ETH address with NANO wallet address in the miner settings. A sample bat file for mining with Gminer

   miner.exe --algo ethash --server eth.2miners.com:2020 --user nano_3gyf7qnmkp4puzghqks8pn1rfxsubhpya4m5hohdeqkejdjtpwd4tkfxz6a9.RIG_ID



3. Once mining starts, y'all tin go to your Statistics page by entering your wallet address in the search field on 2Miners.com. Your address is also shown on the list of all pool miners along with regular ETH addresses. For example nano_3oxxxag4jj883zt7bdsdhym8qagsbk4rxw48chmy11xgi4mfxqda7o6ro1ct. You tin can set a payout threshold on your Stats folio. You don't have to practise information technology though. NANO transactions are gratuitous, then you can get paid every bit often as you lot similar without any losses.

When Nano Payouts Are Processed

Payouts are candy once a mean solar day at 12:00 UTC. Payouts are not instant. Because that your ETH must be transferred to an exchange, exchanged, and then transferred back, the whole process usually takes no more than than ii hours assuasive for small delays. Nosotros plan to process the payouts more than one time a day in the future.

Fees

When miners get paid in NANO, they don't pay any fees at all.

The whole process is completely transparent. Afterwards the puddle issues a payout (and even during the payout process), you can monitor the operation status of an exchange system, check an exchange rate, track your coin from the moment ETH is sent to commutation to the moment yous become NANO. The pool doesn't retain whatsoever additional fees: all exchanged coin is paid out to miners in full.

If you prefer the video format check the "Become DAILY PAYOUTS with NO FEE mining Ethereum" by Sebs FinTech Channel.

Is Bitcoin Mining on GPU Possible?

It sounds surreal: everybody knows that you can but mine Bitcoin on ASICs. We made Bitcoin mining on GPU a reality. You can mine Ethereum in the 2Miners pool and get paid in BTC.

Once the payout threshold set past a miner is reached, the pool automatically exchanges ETH earned past the miner to BTC. Nosotros currently use such cryptocurrency exchanges as Kraken and Binance. Cryptocurrencies are always exchanged at market price.

Settings

1. Go a desktop or mobile BTC wallet or generate a BTC address on a cryptocurrency exchange. If you lot use Binance choose the BTC (SegWit) chain.
2. Replace your ETH accost with BTC wallet address in the miner settings. A sample bat file for mining with Gminer

   miner.exe --algo ethash --server eth.2miners.com:2020 --user 1HyyZxZAQjZenHf9TGsdUY9cxvMpbGjGBz.RIG_ID



3. Once mining starts, yous can go to your Statistics page past entering your wallet address in the search field on 2Miners.com. Your address is also shown on the list of all puddle miners forth with regular ETH addresses. For example bc1qrlpjqp2vvaan0ferh44z7tsevqzkcxrugm9g5n. Y'all can gear up a payout threshold on your Statistics page. It is always set in ETH. You lot can cull any amount from 0.005 ETH (approx. $17.v) to 10 ETH.

When Bitcoins Payouts Are Processed

Payouts are issued one time a day at 12:00 UTC. Payouts are non instant. The whole process usually takes no more than two hours allowing for modest delays (like waiting for exchanged BTC withdrawn from an exchange). We plan to process the payouts more than than once a day in the future.

Fees

When miners become payouts from our payment gateway, they pay merely a part of the transaction fee in the Bitcoin network. We group all miner payouts in one transaction. The transaction expenses are and so divided between the miners in equal parts. That is why the electric current fee for each miner is less than $0.2

All other fees are covered by the puddle, including the fee for sending ETH to an exchange and the fee for withdrawing BTC from an exchange. If you don't want to pay whatever fees at all, consider mining ETH and receiving the payouts in NANO.

The whole process is completely transparent. Later on the pool issues a payout (and even during the payout procedure), yous tin monitor the operation status of an substitution organisation, bank check an exchange rate, rail your money from the moment ETH is sent to exchange to the moment you get BTC. The puddle doesn't retain whatever additional fees: all exchanged coin is paid out to miners in full.

Now you can mine BTC on video cards by simply connecting to the 2Miners Ethereum pool with your BTC accost instead of Ethereum address. The pool volition take care of all conversions with minimal fees.

How to Ready Pop Mining Operating Systems for BTC and NANO Payments

Let's check the settings for pop mining Linux-based operating systems. The principle is elementary: when you enter your wallet accost you demand to use your Bitcoin or NANO accost.

RaveOS Settings

Delight find beneath the screenshot of RaveOS settings for NANO. We remind you lot that RaveOS is admittedly gratuitous if y'all mine in 2Miners puddle.

minerstat Settings

On minerstat y'all can ready upwardly mining of ETH in the worker'southward config. Kickoff, select your preferred mining client and and so fix the simple configuration:

• Coin: ETH
• Pool: 2Miners stratum address tag. Y'all can add information technology on the become, the accost is: eth.2miners.com:2020
• Wallet: Your BTC or NANO wallet address.
• Password: minerstat

HiveOS Settings

If you use HiveOS select the 2Miners Ethereum pool Flight Sheet. Please pay attending that when y'all add the wallet address you select the ETH Money. The address itself could exist non just ETH but also BTC or NANO if you mine in 2Miners pool. Bank check an example of the HiveOS settings for NANO payouts below.

mmpOS Settings

1. Create the wallet to be assigned to the pool. Employ Ethereum every bit the base currency and add together your BTC or NANO wallet address.
   
2. Create the pool and select the wallet you added previously. Add `eth.2miners.com` equally hostname and port `2020`. No need to exercise anything else, click the "Create pool" button.
   
3. Create the miner profile with the higher up-added pool. Name your miner contour as you like and choose your desired miner.
4. Select the target rig, click "Switch miner profile" push, and check your newly created profile. Make sure you've deselected other profiles that this rig had assigned previously. In a few minutes, your settings will be applied and mining volition start.

Conclusion: Cryptocurrency Auto-Exchange in Mining

If y'all mine Ethereum in the 2Miners puddle, you can choose i of iii cryptocurrencies for payouts: Ethereum, Bitcoin, or Nano. The minimum payout in Ethereum is 0.01 ETH (~$36), Bitcoin is 0.005 ETH (~$18) and in Nano – 0.0005 ETH (~$1.lxxx).

Payouts in ETH are issued inside two hours later on you reach your payout threshold. Payouts in BTC and NANO are issued once a day at 12:00 UTC.

No special setup is needed to apply auto-exchange. Just add the wallet address of the cryptocurrency in which you want to get paid (ETH, BTC, or NANO) to your miner settings.

Every bit of now, motorcar-commutation works simply in 2Miners Ethereum pools (PPLNS and SOLO). We might besides add auto-exchange for other cryptocurrencies in our pools in the time to come. We are looking forward to your feedback in our Telegram chat and on Twitter. We desire our users to get payouts for cryptocurrency mining every bit easily as possible. Thank yous for choosing us!

Join our Telegram community and remember to follow us on Twitter to get all the news as before long every bit possible.

friendhavernamed.blogspot.com

Source: https://2Miners.com/blog/how-to-get-payouts-for-ethereum-mining-without-fees/

Share this post