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Author Topic: Mining payout to binance  (Read 139 times)
Hugosch
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January 07, 2018, 10:00:04 PM
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I currently have a sha256 mining contract at Genesis, which payout to my Exodus wallet. But i'm also trading a lot on Binance, and sending BTC from Exodus to Binance is getting expensive. So i have a simple question: Can I set my Binance BTC wallet to recieve my mining payouts?
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BitMaxz
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January 07, 2018, 11:35:24 PM
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I was using genesis mining before but i stop using them because i bought my own miner and genesis mining is less profit and much possible to be happen they can be scam in the end.. Anyway i think you can use your binance bitcoin address as long as you maintain the bitcoin address..
Why not use the segwit address instead? if you are having slow transaction and high fee it can fix your issue by using electrum wallet latest version and use the segwit addresses it can reduce your size of the transaction and pay less fee than a legacy wallet...

Ten.technology
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January 08, 2018, 02:08:40 PM
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How to own BNB through mining I really do not know
A Feeder
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January 08, 2018, 02:51:32 PM
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How to own BNB through mining I really do not know
Don't spam that way son, too noticeable  Cool . If you want to gain activities then work hard for eat and read a lot in this forum specially the meta.

carlfebz2
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January 08, 2018, 08:57:54 PM
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I was using genesis mining before but i stop using them because i bought my own miner and genesis mining is less profit and much possible to be happen they can be scam in the end.. Anyway i think you can use your binance bitcoin address as long as you maintain the bitcoin address..
Why not use the segwit address instead? if you are having slow transaction and high fee it can fix your issue by using electrum wallet latest version and use the segwit addresses it can reduce your size of the transaction and pay less fee than a legacy wallet...
Bit way complicated for a total newbie regarding on seeking out or having a segwit address but well there are lots of tutorial online regarding on how to attain it on electrum.This is what I'm doing to avoid those ridiculous fees.Regarding on using your binance btc address directly for your payout on genesis then its possible.

How to own BNB through mining I really do not know
Don't spam that way son, too noticeable  Cool . If you want to gain activities then work hard for eat and read a lot in this forum specially the meta.
Not a bad suggestion but considering your reply can be considered as off-topic too. Cool
maeusi
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January 08, 2018, 09:03:22 PM
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Many exchangers warn their customers to mine into deposit addresses for example Cryptopia. So I wouldn't recommend to do so on Binance. It would be an advantage to mine directly to an exchanger to avoid transfer fees, but risk is high to lose your funds. If genesis supports withdrawals to segwit addresses and binance supports segwit deposits, then the idea from preposter would be good.
BitcoinSupremo
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January 08, 2018, 10:34:18 PM
 #7

I currently have a sha256 mining contract at Genesis, which payout to my Exodus wallet. But i'm also trading a lot on Binance, and sending BTC from Exodus to Binance is getting expensive. So i have a simple question: Can I set my Binance BTC wallet to recieve my mining payouts?

Yes you can. Keep in mind that you have to trust Binance which no matter how good maybe it is still a third party you are trusting, different from Exodus where you have full control over your coins. However since you say do a lot of trading I am assuming there is no problem to send directly to Binance from Genesis Mining. Genesis Mining lets you withdraw at whichever Bitcoin address you like as far as I know.

Hugosch
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January 10, 2018, 09:01:58 PM
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Thanks for the info guys!
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