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Author Topic: Pool payout directly to exchange address  (Read 9236 times)
Mitchell1982
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November 27, 2013, 03:45:09 PM
 #1

I'm in the process of setting up my first miningrig. Hardware is done, software and accounts are almost done. As some howto's state, i'd like to set the mining pools of multiple coins to deposit my share directly to a coin exchange, as this enables an autosell option.

I've registered at BTC-e, VirCurEx and Cryptsy. However, when i generate an address, every exchange seems to say direct mining to the exchange is not supported. Could someone clairify this for me? Some direct quotes are provided underneath:

BTC-E:
"We do not support generated transactions from pools like Eligius, P2Pool etc."

VirCurEx:
"Usage of addresses
DO NOT use Vircurex addresses for mining purposes. We cannot credit coins generated (instead of being sent)."

Cryptsy:
"Notice: Do NOT mine directly directly to your Cryptsy deposit address."
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BTCLV
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November 27, 2013, 04:09:43 PM
 #2

I use Bitminter and BTC-e.  I have my Bitminter set to auto deposit my coins to BTC-e at every .01 generated.  Been working flawlessly for over a week.

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LupinS
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November 27, 2013, 04:41:25 PM
 #3

I have been configured my pool to transfer every 0.5 BTC to btc-e adress, no problem so far. 2 years already.
PenAndPaper
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November 27, 2013, 04:47:08 PM
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Maybe they don't want to overload their systems with the dust spam or something
pontiacg5
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November 27, 2013, 04:55:11 PM
 #5

Maybe they don't want to be on the hook when they have to change your payment address, hope you don't have it locked in at your pool  Undecided

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Mitchell1982
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November 27, 2013, 05:54:53 PM
 #6

Still think it's strange, although it seems to work, based on your reactions. I was under the impression it had something to do with the diffrence between crediting and sending, as stated in the VirCurEx statement.
awesomesol
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November 27, 2013, 06:03:11 PM
 #7

How could one differentiate the btc received is generated or sent? I don't think any differences between.
lemmns
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November 27, 2013, 06:10:11 PM
 #8

How could one differentiate the btc received is generated or sent? I don't think any differences between.

Not really, they are completely different.
Ordinary transaction involves "Input Scripts"; while coinbase transaction (block generation) involves no input.
odolvlobo
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November 27, 2013, 06:17:34 PM
 #9

Bitcoins mined by the pool are generated by the pool. Shares of the block reward are sent by the pool to miners just like any other transaction.

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Mitchell1982
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November 27, 2013, 07:53:02 PM
 #10

Bitcoins mined by the pool are generated by the pool. Shares of the block reward are sent by the pool to miners just like any other transaction.

Is it save to say that these warnings/statement by the Exhanges are ment for solo miners and pools them selves?
sblogmakeover
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November 27, 2013, 08:33:53 PM
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I think its just a transaction from one to another address even though it has been generated.
dpogus
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December 05, 2013, 07:48:26 PM
 #12

I was wondering if i mining can i deposit my generated coins to blockchain.info wallet??
navidos
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December 17, 2013, 08:36:45 PM
 #13

I have the same issue for 1.7 of my generated LTC in P2POOL which i haven't received into my BTC-E and got same answer from them.

May I know where is those generated amount of LTC in the network?

How is possible ?
pontiacg5
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December 17, 2013, 08:47:39 PM
 #14

I have the same issue for 1.7 of my generated LTC in P2POOL which i haven't received into my BTC-E and got same answer from them.

May I know where is those generated amount of LTC in the network?

How is possible ?

You would have to know which block you or the pool solved to get that payout, so you could then go find the coinbase transaction and trace it to your btce address.

This is probably why they tell you not to do what you've done.

Why oh why would you not just have a wallet app running, especially when they tell you NOT to do what you did. Some people's laziness is just astounding.

Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
navidos
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December 17, 2013, 08:49:49 PM
 #15

It's just happened for some test running , i got my own wallet.

You mean when I find it out then they are able to help me out with that?

How exactly should I find the block for LTC?
navidos
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December 17, 2013, 08:56:19 PM
 #16

I have the same issue for 1.7 of my generated LTC in P2POOL which i haven't received into my BTC-E and got same answer from them.

May I know where is those generated amount of LTC in the network?

How is possible ?

You would have to know which block you or the pool solved to get that payout, so you could then go find the coinbase transaction and trace it to your btce address.

This is probably why they tell you not to do what you've done.

Why oh why would you not just have a wallet app running, especially when they tell you NOT to do what you did. Some people's laziness is just astounding.

This is the whole transactions and blocks:

http://block-explorer.com/address/LeYyRtp6BmsGEvhR3YtSVtHyD8mMnfLYcK
pontiacg5
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December 17, 2013, 10:13:18 PM
 #17

It's just happened for some test running , i got my own wallet.

You mean when I find it out then they are able to help me out with that?

How exactly should I find the block for LTC?

Is this exactly what BTC-e said?

"May I know where is those generated amount of LTC in the network?"

If so, all you need to do is send them this link, the one you just gave me. It shows that the coins are freshly minted, and that all transactions into your btce account are in fact coinbase transactions.
http://block-explorer.com/address/LeYyRtp6BmsGEvhR3YtSVtHyD8mMnfLYcK

They explicitly told you not to do that, so if you lost money it's really not their fault.

Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
navidos
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December 18, 2013, 06:00:35 AM
 #18

No they just said we are not able to provide the mined coin from p2pool !

I'm confused where are the coins now ? FUNNY
prophete
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December 18, 2013, 07:37:39 AM
 #19

That was useful info for myself.
PMB
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January 08, 2014, 04:26:04 PM
 #20

No they just said we are not able to provide the mined coin from p2pool !

I'm confused where are the coins now ? FUNNY


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