Bitcoin Forum

Hi there mining experts,

I started mining Ethereum recently and wanting to understand payout policy of Ethermine. It says I can request manual payout if my earnings are more than 0.005  ETH if I have the IP address of the rig or a connected wallet. Does automatic payout of ethermine would be more convenient as it wouldn't require IP address or a connected wallet?

Are there other pools that provide more convenient way of receiving payouts?

Thanks,

The normal payout policy is when you reach 0,1 ETH. Most of the pools work this way. To change this to the Matic network for instance you indeed need the IP address of the worker that has the highest hashrate.

You just need an address from any wallet to link there.They offer automatic payout just at 0.01 Ethereum so why do you need to directly get 0.005 and that 0.005 needs a Metamask wallet that pays you through Matic/Polygon L2 while the minimum automatic payout option at 0.01 Ethereum pays directly in Ethereum and doesn't need any user intervening for something.

I'm using ethermine too, and the best way to receive payment depends on your hashrate

If you have only a few cards, like me, you can use polygon/matic to receive, you'll receive daily payouts, and this network is very cheap and fast, there are a lot of solution in this network to use Defis, to transfer to Binance, to sell ETH to USDC etc

I made a tutorial here in portuguese, but you can translate to your language with google chrome, or even find another tutorial: https://bitcointalk.org/index.php?topic=5341374.0

In the past the tx fee are "paid" by ethermine, they included the transaction with minimum gas fee and was mined by the own pool, but now users have to pay for the fee

But if you want to use ETH mainnet to receive, better to configure your payout to something like once a week or twice a month

Is it inconvenient?
Write to technical support a signed message from your address so that you can set the desired payment policy.
If you mine on an exchange wallet, then you need to find out the ip mining farm. Better yet, receive payments in the polygon network to your wallet, and then send coins to the exchange.

Best way to move your money from ethermine is with L2 Polygon (Matic). Try to see the videos on youtube about it.

You are all right, but it looks like the miner does not have access to the wallet and the mining farm.
This sometimes occurs, so it is better not to use exchange wallets.
Or use a nice hash miner, because it is very simple for beginners, but it's better not to get used to this service.

It has a matic polygon option.  Way cheaper fees.  Matic polygon is definitely the future for many eth things. 
Sandbox is moving. Coinbase Nfts might use it.  And rumor has it coinbase will use matic to send coins.

I have nothing to do with such payouts from pools anymore since I started using 2miners which can convert your ETH into nano with zero withdrawal fee straight into my binance exchange address, easy payout every 24hrs

Or mine ethash on moneroocean.stream and get paid in monero.

you can mine with kucoin pool that at the end of the day pay without a minimum and without fee on ethermine it is better to get paid with l2 that is matic but i think you need the ip to enable the option

What's the best way to get Ethermine payout and cash it to Coinbase? I don't want to use exchange wallet address because I might lose some payouts but I don't want to use the Polygon/matic either because it requires me to bridge back to Ethereum mainnet before I can send the fund to Coinbase.

Commissions on the Ethereum network are 5-30 dollars, and you will lose this money with every payment.
Find an exchange in your country that supports the Matic network, exchange your coins there.
If you are selling coins, it is best to send them to the exchange.
If you specify your intermediate wallet for transferring coins, then you will need matic tokens for the transaction.

But doesn't this mean you won't get Ethereum? Do you convert them back to ETH or keep it in NANO ?

what is your hashrate?