The Advantages of Bitcoin Funds
Bitcoin is the primary cryptocurrency within the World. It was the primary crypto coin that existed and it’s nonetheless crypto #1. Every cryptocurrency investor has part of his/her wealth in BTC. Bitcoin is all the time thought-about top-of-the-line methods to retailer owned crypto as nicely by the miners. A few of them choose money or stablecoins like USDT, however stablecoins rely on the issuer and in the long run may very well be a lot much less dependable. All of us bear in mind the current crash of UST.
For those who mine ERGO and if you wish to retailer and hodl ERGO there isn’t a purpose so that you can use the BTC payout mechanism 🙂 Nonetheless, most often, BTC funds are fairly handy and cost-effective. The BTC payouts had been initially accessible for the ETH mining pool solely. ETH switches to POS and it’s not mined anymore since September fifteenth.
We have already got the BTC payouts function applied for Ethereum Basic (ETC), ERGO (ERG), and Ravencoin (RVN) mining swimming pools.
You would get the payout in case you mine within the pool or in SOLO mode, our system works for each conditions.
Bitcoin Payout Mechanism
The system algorithm is fairly easy. BTC payouts are processed as soon as a day at roughly 12:00 UTC. It’s all written on the Payouts tab of the coin you mine. Right here is an instance for ETC.
Let’s say you mine ETC and select the BTC payouts. On daily basis at 12:00 UTC the pool checks in case you have reached the payout threshold you set. If the response is optimistic and your unpaid steadiness exceeds your payout threshold then your cash are despatched to a cryptocurrency trade along with the cash of different miners.
At the moment, we work with three totally different exchanges: Kraken, KuCoin, and Binance.
The cash are exchanged to BTC on the crypto trade after which despatched to the 2Miners Bitcoin Gateway. Then BTC is distributed to every miner.
Bitcoin Payout Charges
Every BTC payout normally prices you some quantity of BTC. We state within the pool that it’s lower than $0.2. To be sincere, normally, it’s lower than $0.1, typically even round a few cents. This isn’t the price taken by 2Miners, it’s a price taken by the Bitcoin community. However why it’s so low then? It’s as a result of we unite all of the BTC payouts collectively in a single transaction. That reduces considerably the transaction prices for a single miner.
We don’t cost the miners any charges for deposit/withdrawal to the trade transactions. We don’t cost any additional charges. All you pay is a small a part of the Bitcoin community transaction price.
Why do you have to pay this BTC price in case you may obtain Ethereum Basic payouts in ETC, ERGO payouts in ERG, and Ravencoin payouts in RVN with none charges?
Many miners need to accumulate Bitcoin. For those who use our system you save a variety of charges on deposits and withdrawals from the crypto trade. You save a lot time on a continuing exchanging of cash too. Ultimately, you get the BTC on the pockets you want. It may very well be a chilly/scorching/{hardware} pockets, and sure, a crypto trade pockets in case you’d prefer to.
It isn’t really helpful to retailer your cryptocurrency on a cryptocurrency trade.
For those who say that you just don’t want BTC and also you need to maintain ETC/ERG/RVN, then clearly BTC payouts usually are not for you. You would get the usual payouts within the coin you mine with none charges. These payouts are processed in 2Miners each two hours.
Get Paid in Bitcoin for Ethereum Basic (ETC) Mining
Ethereum Basic was the second hottest GPU-mined coin. With out Ethereum, it turns into the most important community when it comes to the mining hashrate concerned. As a way to begin receiving the payouts in BTC, you don’t want to use any difficult settings. Mainly, the one factor you want is a BTC pockets deal with. The payout system is powerful and time-tested. We’ve launched the BTC payouts for the ETC pool in April 2022. All the small print may very well be discovered within the publish Getting Paid in Bitcoin for Ethereum Basic (ETC) Mining: Step-by-Step Information.
To begin mining ETC and receives a commission in BTC simply substitute the ETC pockets deal with with the BTC one. Our pool robotically detects the pockets deal with you employ after which processes the funds within the corresponding blockchain. ETC pool particulars may very well be all the time discovered on the Assist web page.
Think about the next instance of the ETC mining with Gminer software program.
For those who use Gminer for ETC mining and also you need to get the payouts in ETC you might use this pattern bat file.miner.exe --algo etchash --server and so on.2miners.com:1010 --user 0x22A9a06615492BdA25bD518F1973cd23B548DB13.RIG_ID
If you wish to mine ETC with Gminer and if you wish to get the payouts in BTC all it’s worthwhile to do is to substitute your ETC pockets deal with 0x22A9a06615492BdA25bD518F1973cd23B548DB13 together with your BTC pockets deal with bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc. The bat file will appear to be this.miner.exe --algo etchash --server and so on.2miners.com:1010 --user bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc.RIG_ID
That’s it. There isn’t a rocket science in any respect. Simply use your BTC pockets deal with and begin mining. The identical settings may very well be utilized to some other miner: T-Rex, lolMiner, NBMiner, TeamRedMiner and so on. and so on.
An necessary factor is that you might use any kind of Bitcoin pockets deal with you want. We help most of these addresses.
- SegWit: bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc
- Compatibility: 3GRdnTq18LyNveWa1gQJcgp8qEnzijv5vR
- Legacy: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
RaveOS Settings for ETC Mining and BTC Payouts
It’s extraordinarily straightforward to use the settings for RaveOS. If you wish to mine ETC and receives a commission in BTC copy your BTC pockets deal with and paste it into the Pockets discipline. Please discover beneath the screenshot with the instance of the settings.
HiveOS Settings for ETC Mining and BTC Payouts
HiveOS is one other widespread mining OS distro. If you wish to mine Ethereum Basic in HiveOS and receives a commission in Bitcoin paste your BTC deal with to the Tackle discipline. You would discover the instance beneath.
ASIC Settings for BTC Payouts. Antminer E9, Innosilicon A10, A10 Professional, A11
With no Ethereum mining accessible, a variety of ASIC miners change to Ethereum Basic mining. Relying in your ASIC producer your settings web page may very well be totally different however it all the time has such necessary fields as pool URL (host:port) and your pockets deal with which may very well be additionally known as your employee identify. To get BTC payouts it’s worthwhile to use your BTC pockets deal with on the ASIC settings web page. Right here is an instance.
URL: stratum+tcp://and so on.2miners.com:1010
Employee: bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc
Password: x
Get Paid in Bitcoin for ERGO (ERG) Mining
BTC payouts for ERGO had been launched in September 2022. ERGO just isn’t introduced on Kraken or Binance so we had been compelled to implement a brand new cryptocurrency trade KuCoin to our system. ERGO BTC payouts like all different BTC payouts are processed as soon as a day at 12:00 UTC. Please keep in mind that the trade course of may take some hours to be accomplished.
The settings are all the time straightforward. Use your Bitcoin deal with as a substitute of your ERGO deal with to get the payouts in BTC. Right here is an instance of T-rex mining software program. Bear in mind to vary the BTC pockets deal with to your private BTC deal with and specify the RIG_ID if required.
t-rex.exe -a autolykos2 -o stratum+tcp://erg.2miners.com:8888 -u bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc -w RIG_ID -p x
The settings for different mining software program may very well be all the time discovered on the ERGO mining pool Assist web page.
For those who choose a visible content material The Hobbyist Miner made a video for you.
RaveOS Settings for ERGO Mining and BTC Payouts
This screenshot from RaveOS exhibits how may you set the ERGO payouts to your BTC pockets deal with.
HiveOS Settings for ERGO Mining and BTC Payouts
HiveOS settings for ERGO don’t differ a lot from ETC ones. Create a brand new Pockets for ERGO mining and specify the BTC deal with within the Pockets discipline. Right here is an instance.
Get Paid in Bitcoin for Ravencoin (RVN) Mining
The final however not least, the Ravencoin mining pool obtained the BTC payout function. With Ethereum going to POS Ravencoin obtained a variety of traders’ consideration. RVN worth surged virtually 150%.
The Assist web page of the Ravencoin mining pool has all of the settings required to start out RVN mining with BTC payouts. Right here is an instance of top-of-the-line software program for AMD graphics playing cards TeamRedMiner.
teamredminer.exe -a kawpow -o stratum+tcp://rvn.2miners.com:6060 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
RaveOS Settings for RVN Mining and BTC Payouts
You would obtain BTC payouts for RVN mining both in case you use RaveOS or some other working system. Specify your Bitcoin pockets deal with within the Pockets discipline and select the closest 2Miners Ravencoin server. If doubtful use the EU location. That is an instance.
HiveOS Settings for RVN Mining and BTC Payouts
Create a brand new Pockets in HiveOS settings. Select RVN coin and enter your Bitcoin deal with within the Tackle discipline. You might be all set!
BTC Payouts for SOLO Mining
2Miners BTC payouts system works for each customary swimming pools with PPLNS rewards distribution and SOLO pool the place you mine alone. How the Mining Pool Works: PPLNS vs. SOLO.
SOLO mining is far riskier in comparison with pool mining. It normally requires large hashing energy or a variety of luck. You would all the time estimate your probabilities to go SOLO with our mining profitability calculator 2CryptoCalc. Enter your {hardware} or hashrates and select the coin you’d prefer to mine SOLO. Right here is an instance for Ravencoin calculation with 4 500 MH/s hashrate on KAWPOW algorithm.
Properly. Dangerous, however nonetheless attainable. Often, we don’t suggest SOLO mining in case you get lower than 2-3 blocks/day. For those who obtained 0 blocks every day it turns into a lottery and your rewards would fluctuate so much daily.
For those who determine to mine SOLO you might get the BTC payouts for ETC, RVN, and ERGO mining. Enter your BTC pockets deal with in your settings and you’re able to go. The settings may very well be all the time discovered on the Assist pages of every pool.
2Miners SOLO Swimming pools with BTC Payout Possibility
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