which pool or wallet? since ethermine has upped cost of payouts. small miner.

[cypher007]

thinking what i should do going forward as ethermine has increased the cost of payouts due to the recent changes to ETH.

they have a method that uses L2 Polygon (Matic), but it doesnt seem to support the wallet im currently using. so do i change pool or should i change wallet?

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[Vann]

Before the London fork, pools could set the gas cost at 1 gwei for payouts and mine their own blocks to be able to offer free payouts. The new fee structure now requires a minimum base fee, which is set by the ETH protocol for every transaction. This no longer makes free payouts feasible.

The Matic network payouts use MATIC for gas fees and are possible if you use a wallet where you have the keys. The payout address is the same for both chains and you just need to import the wallet seed phrase in to Metamask to be able to access your coins on Polygon. Keep in mind payouts to Matic are made in WETH. If you want to  bridge back to ETH, you will have to pay a pretty high gas fee to the ETH network.

If you want to keep your payouts on ETH, you can set a lower gas fee limit from the default 40 gwei on Ethermine. I would also set a higher payout limit to keep the gas fees from eating in to your payouts.

[Refrumatrix]

Every ETH wallets supports poly network, all you have to do is import your private key into metamask mobile wallet and add matic to the network in the wallet, here is a link about how to do this

https://docs.matic.network/docs/develop/metamask/config-matic/

[cypher007]

thanks for the replys. so from this i can gather if i want to keep ETH i need to put up with the high gas fees?

what about something like nicehash to mine? would that still be pricy to export to my wallet?

[skablast]

Just switch to Flexpool. You choose the minimum limit and the amount of gwei you are able/willing  to spend for the transfer.

[XUR_TIP]

thanks for the replys. so from this i can gather if i want to keep ETH i need to put up with the high gas fees?

what about something like nicehash to mine? would that still be pricy to export to my wallet?

Nicehash is seasonal base when it comes to fair profitability, sorry it's not the most profitable right now, the best ones are poolin and flexpool but the most forgiving on withdrawal limit is ViaBTC and binance pool, you can withdraw without paying any dime

[FP91G]

thinking what i should do going forward as ethermine has increased the cost of payouts due to the recent changes to ETH.

they have a method that uses L2 Polygon (Matic), but it doesnt seem to support the wallet im currently using. so do i change pool or should i change wallet?

Which wallet are you using? Do you have access to the private key?
L2 Polygon (Matic) is available on many exchanges, so you don't have to lose anything.
You can send coins directly to the exchange if you have small amounts.
Manual withdrawal is available on ethermine if the amount is more than 0.05 ETH

[cypher007]

using Jaxx as a wallet.

[Looper_U]

Using crazy pool and they charge 50 gwei for withdrawal, though I switched because the pool was profitable for days but now I'm out, going back to binance or ViaBTC where I don't have to pay a penny for withdrawal

[swogerino]

Now in Ethermine you can put a fee as low as 10 Gwei,however the transaction will not pass as the minimum fee in Etherscan right now is about 21-23 Gwei (1.7 USD) will only pass when the network fee will get to 10 Gwei.The payout has also dropped to 0.01 ETH as a minimum or you can use Polygon/Matic Layer 2 and ask for a payout as soon as you reach 0.005 Ethereum.I think this is a pool which has changed the payout policy for the better after the EIP 1559 fork.

[Ceyflix-Rez]

This is why pools with exchanges are better, binance pool and viaby can never go wrong, I still got my ETH sent to CoinEX exchange paying no dime for the transaction and also binance pool too, I can't find anything better than this honestly

[Skinny48]

Using crazy pool and they charge 50 gwei for withdrawal, though I switched because the pool was profitable for days but now I'm out, going back to binance or ViaBTC where I don't have to pay a penny for withdrawal

Have you successfully withdraw your coins from crazypool? That pool is a scam they use the 5 days continues mining to deceive people and after 5 days you won't still get anything, I'm sure the teams aren't professionals they are scammers

[Ramsete2]

Using crazy pool and they charge 50 gwei for withdrawal, though I switched because the pool was profitable for days but now I'm out, going back to binance or ViaBTC where I don't have to pay a penny for withdrawal

Have you successfully withdraw your coins from crazypool? That pool is a scam they use the 5 days continues mining to deceive people and after 5 days you won't still get anything, I'm sure the teams aren't professionals they are scammers

I got my first payment of 0,15 ETH today from them, exactly after 5 days mining in the pool.

[miner29]

It appears the pool is paying.  You can see this in payments and also on the blockchain.

One thing to note is both the minimum mined must be met and gas setting (miner sets how much max gas they will pay to withdrawl) must ne greater than the current gas cost.  There is an anti cheating and anti pool hopping mechanisms.  They are explained in the faq.

I see nothing out of normal for the pool.