Nicehash wallet address.

[elionu]

Can you put a Bittrex or Cryptopia wallet address ?

Thanks

[1715195317]

1715195317

[1715195317]

1715195317

[1715195317]

1715195317

[elionu]

I can put Coinbase wallet address, but it is better put the payments  straight on the trading platforms.

Anybody knows if it is possible ?

I think that there should be no problem since they are wallet address as well.

At moment I'm mining and I put Bittrex address.

In the wallet says:


" Depositing tokens to this address other than BTC will result in your funds being lost. "


What does it means with tokens ?

thanks

[bL4nkcode]

Can you put a Bittrex or Cryptopia wallet address ?

Thanks

What are you trying to say here?
Do you mean you can use Bittrex or Cryptopia wallet address as your receiving address from your nicehash account? Can I say yes... But there's a big risk once you do this. Since you don't own the private keys of this exchanges there's a chance that your coin will be lost from this exchanges or something like you never receive the coins from nicehash when you withdraw and their support want you to sign a message to prove that you own the receiving address you used.
If and only if I'm right since no one can understand your question on the very first place.

EDIT: You just wrote another reply while I'm typing

Depositing tokens to this address other than BTC will result in your funds being lost. "

What does it means with tokens ?

It means that if you send/deposit some other coins (altcoin ) other than BTC those funds will be lost, but I dunno if it's possible since an error will occur once you paste a wrong address I mean if it's not a BTC address.

[elionu]

yes I mean use bittrex wallet address for receive payments from nicehash.

I understand the risk that you say now, but if I put the money on Coinbase I pay fees for transfer them on bittrex and seem that bitcoin fees are quite high compared to other coins.

Thank you for the answer.

I will try this way and see if I get in problems since the amount for now is small.

[bL4nkcode]

I understand the risk that you say now, but if I put the money on Coinbase I pay fees for transfer them on bittrex and seem that bitcoin fees are quite high compared to other coins.

I will try this way and see if I get in problems since the amount for now is small.

Yeah, that must be a good decision to send it directly to X exchange from nicehash since you knew the risk already, and since you have to pay the transaction fee which is apparently high when sending from X wallet to X exchange (if you don't send the coins directly from nicehash to X exchange).

Thank you for the answer.

No problem

[swogerino]

I don't see anything wrong with this choice. I have a question though, why would you send from Nicehash to an exchange and using fees again when withdrawing from there to your wallet ? I think this is good if you trade a lot but if you do not trade this makes no sense.

[elionu]

I trade a lot ....

[crazyivan]

Yes you can, I used to use Bittrex before and it works fine. Payouts re once a week so there should not be any significant dust. All this is under condition you have a mining rig.

[squatz1]

Yeah you can, I do it with a Coinbase addres and hold no issue at all when I mine. Though there's one thing that you're going to have to note when you're doing this, the fee for using a non-nicehash wallet is going to be 4 percent on the amount of money that you're going to be getting, seems pretty hefty but I guess it's the price we pay for wanting to have steady returns from our cards instead of some weird shit when you're mining on a shit coin and you're going ahead, exchanging it, price changes, etc and so on.

So, go ahead and use whatever but do make sure to mind the fee alongside it.

[elionu]

ok and how much is for transfer  money from a nicehash wallet ? more than 4%

[Ctn]

I think its better to keep normal wallet address to receive the funds. Trading platforms use different address for different coins. And if you by mistake put any other address which is not associated with bitcoin then you will loose the funds for sure. So just triple check before you can proceed with whole thing. After all it is about your hard earned money.

[elionu]

this morning they pay me on the wallet is written pending deposit 0/2 confirmation, now is more than 2 hours that I'm waiting .......

[wantjokull]

this morning they pay me on the wallet is written pending deposit 0/2 confirmation, now is more than 2 hours that I'm waiting .......

It might be because of low fees they have paid. Confirmation will take longer in that case only.  Hope you are providing the right address with compatible coins only.  Otherwise you will fail to receive the coins and might not get them again.  Update with your further info too.

[elionu]

I don't know how long it took for confirmation, but when I come back from work was available, seems it takes more than 6 hours for confirmation.

I'm just experimenting the world of mining I started with Nicehash and a 160 uscad  graphic card.

It takes seems more than 6 months for pay off the hardware, because the network difficulty increase, my card mine only etherium which is becoming day after day more difficult.

With Nicehash is good start mine for newbie, some money on long term you get especially if do not pay the electricity......

I want learn how to mine specific coins, it could be much more lucrative if you choose a good one.

Any suggestion on how to mine single conis?

I know that is by pools but I do not know how to start.

Thanks