what to do with eth after mining?

[guitrein]

Hi,
I'm going to start doing some mining tests with a rtx 3070 or rtx 3060ti. I'm from Brazil and I go to Paraguay to buy, whichever is cheaper.

Everyone talks to sell the profits as soon as possible, as eth varies a lot.

I was thinking of exchanging eth for btc and saving it to sell in the future.

But I have no idea how that happens.

In the mining system do you put a wallet created in any exchange? or maybe nicehash and minerstate do that?


Thanks in advance.

[Ryushin]

If you plan to use Nicehash you will be asked for your bitcoin address directly, what nicehash did right is changing any coins you mine to bitcoin, meaning whatsoever coins you mine you will get paid in bitcoin, assuming you mined 30$ worth of Ethereum you will get 30$ worth of bitcoin deposited into your bitcoin wallet address

[Lafu]

There are a few options how you can do it and exchange your coins you have got with mining.
Nicehash will charge you a few when you wanted to withdraw it and mostly only Nicehash makes a profit from you .
Depends on what Coin and how big your Hashrate is.

Just take a look here on the Forum or on Google before you starting mining , research is the key .

[guitrein]

Got it.
Thanks for the comments.

Taking advantage of the topic, I was comparing the results on the website of nicehash and minerstat. both using the same card and the same energy cost.
the RTX 3070 that I intend to use, in nicehash presents usd4,63 of profit and in minerstat usd6,12.

Is there such a difference, or should it be some wrong calculation of the site?

[FP91G]

https://whattomine.com/
Use this calculator, I think it is the most honest, but do not forget that all calculations are relevant for now.
The network hash rate changes, the coin price changes too.

minerstat was probably wrong.
For ethereum mining, choose one of the first pools
https://miningpoolstats.stream/ethereum

[Bitbtc8]

Got it.
Thanks for the comments.

Taking advantage of the topic, I was comparing the results on the website of nicehash and minerstat. both using the same card and the same energy cost.
the RTX 3070 that I intend to use, in nicehash presents usd4,63 of profit and in minerstat usd6,12.

Is there such a difference, or should it be some wrong calculation of the site?

Nicehash mining calculator is very accurate just like that of whattomine website, I'd stick with nicehash is I where you, there are other minable algorithm on Minerstat maybe that's why it's giving high rewards through calculator, my advice is never mine any coin that's not well known, you will have better results mining Ethereum

[murgorx]

Welcome aboard

Also - > if you plan on keeping the ETH or convert it to BTC and keep the satoshis, you might also lend them out to platforms or crypto banks for passive income

I cant tell you what you should do with your money or crypto obviously, but just fyi (as people say in the crypto sphere - DYOR, aka do your own research)

check Binance, Nexo, Crypto.com, BlockFi (only if u are an American for the latter..). There are many such platforms, but there 4 are the most common one.

Happy mining!