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Title: Mining address Post by: MisterKT on March 06, 2018, 04:29:53 PM Hello all,
Could you expert please tell me how many addresses are needed to mine Ethereum for example? I have found on the internet that you needed a wallet public address to send the coin that was mined, what else? thanks Title: Re: Mining address Post by: ccgllc on March 06, 2018, 04:31:56 PM One wallet, with one receiving address, is all you need per coin you wish to mine. Multiple addresses just make your housekeeping easier - like being able to keep track of what you make from different pools: just set up a different address for each pool.
Title: Re: Mining address Post by: MisterKT on March 06, 2018, 04:43:01 PM Thank you.
I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool? Title: Re: Mining address Post by: ccgllc on March 06, 2018, 06:57:40 PM Thank you. I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool? That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary. ps. Ignore the scammer that replied, he/she/it will likely be banned soon. Title: Re: Mining address Post by: MisterKT on March 06, 2018, 09:59:27 PM Thank you. I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool? That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary. ps. Ignore the scammer that replied, he/she/it will likely be banned soon. Ok got it. thanks in that case, can all the mined coins be sent to the same wallet? Or is it recommended to have separate wallet for security purposes? Title: Re: Mining address Post by: leowonderful on March 06, 2018, 10:00:38 PM Thank you. I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool? That would be a specific configuration issue for whatever mining software you are talking about. Likely its just different pools. It it VERY common to have a primary pool defined and one or two backup pools defined. Doing so protects you when the primary pool goes down (not that the major ones do very often), and allows you to continue to mine on one of the backups. When the primary comes back up, most mining software will switch you back to that primary. ps. Ignore the scammer that replied, he/she/it will likely be banned soon. Ok got it. thanks in that case, can all the mined coins be sent to the same wallet? Or is it recommended to have separate wallet for security purposes? Title: Re: Mining address Post by: jillscarbrough on March 07, 2018, 03:02:29 AM Thank you. I saw on a video that there were two different addresses on the same mining software, is that for management ease (coins sent to two wallets) or because it uses different pool? What you watch in the video may do dual-mining or showing you to add a backup pool, what mining software that used in that video? basically, you only need one wallet address as receiving address when the pool (if you do pooled mining) sends your mining results. |