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Author Topic: How to pay for miner with Bitcoin  (Read 2880 times)
Biodom
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September 13, 2014, 11:16:17 PM
 #21

As noted above, never send a payment from an exchange if you think that you might need a refund at a later time.  The person sending the refund will usually insist on sending coins back to the address they came from and the exchanges will not credit you for that payment.

On coinbase you can actually send btc back to one of the addresses from which your payment originated.
At least it used to; I haven't used it for payment since it took more than an hour for the first confirm, transaction was cancelled, and although I squared it later with bitmain, I decided not to use coinbase for payments any more (unless they will improve).
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September 13, 2014, 11:32:17 PM
 #22

I already downloaded a wallet and the blockchain. The only reason I can think of to use it is to keep my coin offline and safer. I dont keep more on coinbase than I could survive the loss of in the unlikely event that it would be stolen or lost. Am I missing a reason why using my wallet at home is better?

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September 13, 2014, 11:40:59 PM
 #23

Whoops, missed the note about payment taking longer to confirm. Speaking of which, I use coinbase to convert/transfer bitcoin to my bank. It takes 3 to 4 business days. Is there any way to convert bitcoin to us dollars and have it show up in my bank account faster?

My bitcoin core wallet has a built in fee when I send bitcoin to coinbase and of course coinbase charges fees. What is the most cost effective way to move and convert bitcoin?

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December 17, 2017, 04:03:29 PM
 #24

if i send bitcoin to btc.com wallet, can i then send bitcoin cash to bitmain? does the wallet transfer bitcoin to bitcoin cash?
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December 17, 2017, 10:17:22 PM
 #25

Hi,

If I am going to order a miner from Bitmain, and only have a coinbase account, how do I pay Bitmain? I heard coinbase takes too long to make the transfer. I don't know what wallet to transfer my bitcoin too.
Please post suggestions.

Thanks,
Shawn

Go to your bitmain account settings you should see your personal bitcoin wallet for bitmain. Then send money from your coinbase account to your bitmain personal wallet, after doing so, wait for the money to reflect in you bitmain account (the money you sent from coinbase) when the money reflected to your bitmain account then you may buy the miner you want to buy.
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