Bitcoin Forum
November 01, 2024, 04:04:15 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Mining KASPA Hodling BITCOIN  (Read 95 times)
doubletheprof (OP)
Jr. Member
*
Offline Offline

Activity: 166
Merit: 1


View Profile
June 18, 2024, 06:44:10 AM
 #1

So recently on the hosting platform I use (Oneminers.com), they have added an otpion to exchange crypto currencies in the platform's wallet. What I am doing right now is mining with the most profitable ASICs, which are Kaspa ASICS and the I transfer to BTC and HODL it there. This way I balanced profitability and stability lol. Your opinion? Cool
miner29
Full Member
***
Offline Offline

Activity: 1281
Merit: 141


View Profile
June 18, 2024, 01:17:24 PM
 #2

Do you have the seed key for the wallet?

If not than you dont own the crypto….he who holds the wallet seed owns the wallet.

In other words if you dont exclusively have the wallet seed than dont keep value there…move it to a wallet you do control 100%.

This is basic crypto 101. 

People have been doing this for literally years.  A lot of pools have this functionality built in.  Especially useful when mining smaller coins with limited exchanges. 

Its a reasonable solution to the all the coins that are minable. 

I prefer LTC for easy transport and easy conversion. 
doubletheprof (OP)
Jr. Member
*
Offline Offline

Activity: 166
Merit: 1


View Profile
June 18, 2024, 01:25:20 PM
 #3

Ofcourse i own the seed, it is my wallet Cheesy thanks for disclaimer tho
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!