The Eligius mining pool pays all its miners with the coinbase transaction.
Unless the block is orphan in that case they send the coins to their cold storage wallet.Can anyone explain why?
Thanks for your response!
For an LTC-based altcoin, I observe that many coingen transactions pay to 2 or 3 recipient addresses. The coins stay in these recipients for more than 3 days.
Well not sure about LTC but in Bitcoin you have to wait 101(I think but I might be mistaken) confirms on the coinbase transaction in order to be able to spend those funds.