Do i need Minimum Balance when some one Mining For my Blockchain Wallet.

[soumyajit1]

 If some one mining on his mine set up just create a worker on my blockchain wallet address .Do i need Minimum Balance when some one Mining  For my Blockchain Wallet address.Is any process to fund my  wallet to get activated to start mining?
Help Need

[1714494495]

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[1714494495]

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[1714494495]

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[TryNinja]

No. You are probably using a mining pool, and they will send the coins directly to your Bitcoin wallet (empty or not).

P.S: If you are not mining with a good amount of ASICS, you will not get anything. Don't try to mine with your normal GPU/CPU (in case that's what you are doing).

[soumyajit1]

No. You are probably using a mining pool, and they will send the coins directly to your Bitcoin wallet (empty or not).

P.S: If you are not mining with a good amount of ASICS, you will not get anything. Don't try to mine with your normal GPU/CPU (in case that's what you are doing).

some one create my blockchain wallet address with my email id and says to change wallet address password, i change the password and enable 2-factor authantication now he says that put $200 on that blockchain wallet to activate start mining. Its real or scam.

[xYakult]

No. You are probably using a mining pool, and they will send the coins directly to your Bitcoin wallet (empty or not).

P.S: If you are not mining with a good amount of ASICS, you will not get anything. Don't try to mine with your normal GPU/CPU (in case that's what you are doing).

some one create my blockchain wallet address with my email id and says to change wallet address password, i change the password and enable 2-factor authantication now he says that put $200 on that blockchain wallet to activate start mining. Its real or scam.

dont do that, that someone probably have access to your blockchain wallet and will steal your bitcoins any moment once you bought bitcoins and put it in your wallet. lots of people are scammer, so you should be aware and its a good thing you asked here first

[Cosette]

No. You are probably using a mining pool, and they will send the coins directly to your Bitcoin wallet (empty or not).

P.S: If you are not mining with a good amount of ASICS, you will not get anything. Don't try to mine with your normal GPU/CPU (in case that's what you are doing).

some one create my blockchain wallet address with my email id and says to change wallet address password, i change the password and enable 2-factor authantication now he says that put $200 on that blockchain wallet to activate start mining. Its real or scam.

Scam, don't send any amount to that wallet, you almost got scammed. Be careful with it.

[bob123]

some one create my blockchain wallet address with my email id and says to change wallet address password, i change the password and enable 2-factor authantication now he says that put $200 on that blockchain wallet to activate start mining. Its real or scam.

This is definitely scam.

Mining in a pool basically works like this:
1) You buy/build/get an ASIC
2) You give the mining pool your address you want to receive payments to (can be an empty adress)
3) You receive a share to work on (where you will be tryint to solve a challenge from the mining pool operator)
4) You submit your calculated share
5) Whenever someone from this mining pool finds a block, the rewards gets distributed in relation to the % of hashrate you have contributed

Never (under no circumstances) let someone else create a wallet for you.
Always create your wallet yourself. And preferably do not use a online wallet (like blockchain.info).
Visit https://bitcoin.org/en/choose-your-wallet and read through the differend kind of wallets.

[HCP]

some one create my blockchain wallet address with my email id and says to change wallet address password, i change the password and enable 2-factor authantication now he says that put $200 on that blockchain wallet to activate start mining. Its real or scam.

That is 100% a scam.

Even though you have changed the password and enabled 2-factor authentication, they will have your backup recovery words and/or exported the private keys for the address they are claiming they are going to mine to. This basically gives them full access to any BTC in your account without the password or 2FA.

As soon as you deposit $200 worth of BTC, they WILL steal it!

DO NOT use that Blockchain.info wallet for anything... it is totally compromised.


Also, if this scammer is a user here on BitcoinTalk, I suggest you document this scam attempt here: https://bitcointalk.org/index.php?board=83.0 and provide user details and proof (screenshots of PMs/messages/emails etc).

[jonemil24]

Beware!

I received a message yesterday on my twitter. The reward was so high it made my jaw drop! 0.1 BTC every 24 hours. Naive people will be counting moons and lambos with his offer.

I hope that he won't get any gullible victim.