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Title: Best way to convert minings to USD? Post by: IamRune on November 15, 2016, 09:29:10 PM What is your preferred way to convert minings to BTC and then to USD?
I've seen alot of websites but I'm afraid some maybe scams. Any help would be appreciated. Thanks in advance and I appologize if this is posted elsewhere - I was unable to find any relevant information. Title: Re: Best way to convert minings to USD? Post by: YIz on November 15, 2016, 09:37:54 PM Mine altcoins, exchange to BTC, and sell on localbitcoins or Coinbase.
Title: Re: Best way to convert minings to USD? Post by: IamRune on November 15, 2016, 10:02:26 PM Thank you!
Title: Re: Best way to convert minings to USD? Post by: Za1n on November 16, 2016, 02:46:14 AM For the beginner, you can use NiceHash. You basically supply a BTC address, which to save a further step you can use your Coinbase BTC wallet address. Then you point your miners to their website.
You can mine with the Ethash (Ethereum) or or Equihash (Zcash) algorithms which are currently the most profitable, but they will pay out directly in BTC to your Coinbase wallet, which you can then sell for USD. While they may not be the best way to squeeze out the absolute most profit, it is pretty streamlined and saves a few steps along the way. Once you are more advanced you can mine alts directly and try to sell them on an exchange for a bit more profit if you can time it right. Title: Re: Best way to convert minings to USD? Post by: Tmdz on November 16, 2016, 03:31:33 AM mine coins-> Poloniex -> Coinbase
You will have to supply personal info on coinbase to use them, they are basically a bank for bitcoin. Title: Re: Best way to convert minings to USD? Post by: buwaytress on November 16, 2016, 08:17:29 AM I hope this doesn't sound like an ad but I personally use some trusted bot exchangers on gambling sites that operate on the big4 coins and another operating with 8 coins.
The former uses poloniex rates, has zero fees and is instant. So I withdraw my alts to my site wallet account, use the bot to exchange and withdraw to wallet. Fee is flat or zero even and no kyc needed. |