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Author Topic: Mining Ethereum directly to Coinbase  (Read 70 times)
SuperNinja (OP)
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February 13, 2021, 07:57:48 PM
 #1

Hello Guys,

Did anybody try to mine Ethereum directly to Coinbase? Do you know if Coinbase accept mining payments from pools like Ethermine and Nanopool?
bluelogic
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February 13, 2021, 08:41:34 PM
 #2

Don't mine to a soft wallet.  The exchange public address does change over time.

bluelogic
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February 13, 2021, 10:22:15 PM
 #3

I have known people who are using their Binance Ethereum wallet address for mining. Is there any reason why you ask this? as long as you're sending ETH to another ETH address, there should be no problem at all. And with the strict rules of exchanges towards sent funds.
As long as it's not from any of those restriction sources that they've listed and it's not violating their UA, you should be fine.

Read their terms and rules;https://help.coinbase.com/en/coinbase/other-topics/other/does-coinbase-freeze-accounts
https://www.coinbase.com/legal/user_agreement

Filtering it, I don't see them prohibiting funds from legit mining pools or should I've missed it?

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February 14, 2021, 10:34:15 AM
 #4

Too risky. If you want to mine the first thing you must have is a secure wallet on which you will store your coin.
SuperNinja (OP)
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February 14, 2021, 10:50:45 AM
 #5

My idea is to mine -> then immediately sell ETH for Fiat after pool payment. This why I would like to cut the wallet-to-wallet transfer fees to minimum. Because of this I would like to mine directly into the exchange wallet.
aryana42
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February 14, 2021, 10:52:38 AM
 #6

Hello Guys,

Did anybody try to mine Ethereum directly to Coinbase? Do you know if Coinbase accept mining payments from pools like Ethermine and Nanopool?
I don't know this, because on average any token miner, including Ethereum, they immediately use a secure wallet to store their mining results, so if I may know when something like that can be done?
ancafe
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February 14, 2021, 11:05:47 AM
 #7

actually, I just heard about this, but based on my experience, I probably won't do web mining anymore. many of my experiences have ended badly because of things like that. I know Coinbase's reputation, but I'm only moving based on experience. however, I prefer altcoin stocks to mining.

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February 14, 2021, 01:19:06 PM
 #8

Hello Guys,

Did anybody try to mine Ethereum directly to Coinbase? Do you know if Coinbase accept mining payments from pools like Ethermine and Nanopool?
Not a good or smart move pal, coinbase is a centralized exchange and they are very strict I can tell, I'd rather mine coins directly into binance exchange wallet address than coinbase, It looks like you are trying to avoid high gas fee on Ethereum network?

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February 14, 2021, 01:46:48 PM
 #9

It's very risky and moreover why coinbase? They can do whatever they want with your account, it's safer to mine into a wallet that you have its private key or recovery seed well kept, not your keys not your coins, what if coinbase decide to lock your assets or your account? You will now come back here crying for help?

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February 14, 2021, 02:21:49 PM
 #10

Hello Guys,

Did anybody try to mine Ethereum directly to Coinbase? Do you know if Coinbase accept mining payments from pools like Ethermine and Nanopool?
Seems you don't know the difference between a centralized wallet and a dex wallet, can you claim that you really own the coins if they enter coinbase Ethereum wallet? Do you have your key or seed for the wallets on coinbase? Pls know what you are doing and stop taking unnecessary risks

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February 17, 2021, 07:07:06 PM
 #11

Hello Guys,

Did anybody try to mine Ethereum directly to Coinbase? Do you know if Coinbase accept mining payments from pools like Ethermine and Nanopool?

If web mining were so relevant, affordable and profitable, perhaps everyone would now rush to make money in this way. I got interested in the issue of mining on Coinbase, but I could not find an answer to my questions. Therefore, it is better not to get involved in incomprehensible undertakings and continue to earn in reliable ways.

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