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 effectively by the miners. A few of them desire money or stablecoins like USDT, however stablecoins rely upon the issuer and in the long run could possibly be a lot much less dependable. All of us bear in mind the current crash of UST.
Should you mine ERGO and if you wish to retailer and hodl ERGO there isn’t any motive 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 carried out for Ethereum Traditional (ETC), ERGO (ERG), and Ravencoin (RVN) mining swimming pools.
You would get the payout when 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 when you’ve got reached the payout threshold you set. If the response is constructive 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 present, 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 often prices you some quantity of BTC. We state within the pool that it’s lower than $0.2. To be trustworthy, often, it’s lower than $0.1, generally even round a few cents. This isn’t the charge taken by 2Miners, it’s a charge 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 further charges. All you pay is a small a part of the Bitcoin community transaction charge.
Why must you pay this BTC charge when you may obtain Ethereum Traditional payouts in ETC, ERGO payouts in ERG, and Ravencoin payouts in RVN with none charges?
Many miners wish to accumulate Bitcoin. Should you use our system you save a number of charges on deposits and withdrawals from the crypto trade. You save a lot time on a relentless exchanging of cash too. In the long run, you get the BTC on the pockets you want. It could possibly be a chilly/scorching/{hardware} pockets, and sure, a crypto trade pockets when you’d prefer to.
It isn’t really useful to retailer your cryptocurrency on a cryptocurrency trade.
Should you say that you simply don’t want BTC and also you wish to maintain ETC/ERG/RVN, then clearly BTC payouts aren’t 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 Traditional (ETC) Mining
Ethereum Traditional was the second hottest GPU-mined coin. With out Ethereum, it turns into the most important community by way of the mining hashrate concerned. As a way to begin receiving the payouts in BTC, you don’t want to use any difficult settings. Principally, the one factor you want is a BTC pockets handle. 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 could possibly be discovered within the submit Getting Paid in Bitcoin for Ethereum Traditional (ETC) Mining: Step-by-Step Information.
To begin mining ETC and receives a commission in BTC simply substitute the ETC pockets handle with the BTC one. Our pool robotically detects the pockets handle you utilize after which processes the funds within the corresponding blockchain. ETC pool particulars could possibly be all the time discovered on the Assist web page.
Take into account the next instance of the ETC mining with Gminer software program.
Should you use Gminer for ETC mining and also you wish to get the payouts in ETC you may use this pattern bat file.miner.exe --algo etchash --server and many others.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 you must do is to substitute your ETC pockets handle 0x22A9a06615492BdA25bD518F1973cd23B548DB13 together with your BTC pockets handle bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc. The bat file will appear like this.miner.exe --algo etchash --server and many others.2miners.com:1010 --user bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc.RIG_ID
That’s it. There isn’t a rocket science in any respect. Simply use your BTC pockets handle and begin mining. The identical settings could possibly be utilized to some other miner: T-Rex, lolMiner, NBMiner, TeamRedMiner and many others. and many others.
An essential factor is that you may use any sort of Bitcoin pockets handle you want. We help all 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 handle and paste it into the Pockets area. Please discover beneath the screenshot with the instance of the settings.
HiveOS Settings for ETC Mining and BTC Payouts
HiveOS is one other well-liked mining OS distro. If you wish to mine Ethereum Traditional in HiveOS and receives a commission in Bitcoin paste your BTC handle to the Handle area. You would discover the instance beneath.
ASIC Settings for BTC Payouts. Antminer E9, Innosilicon A10, A10 Professional, A11
With no Ethereum mining accessible, a number of ASIC miners change to Ethereum Traditional mining. Relying in your ASIC producer your settings web page could possibly be totally different nevertheless it all the time has such essential fields as pool URL (host:port) and your pockets handle which could possibly be additionally known as your employee identify. To get BTC payouts you must use your BTC pockets handle on the ASIC settings web page. Right here is an instance.
URL: stratum+tcp://and many others.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 shouldn’t be offered on Kraken or Binance so we had been pressured 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 do not forget that the trade course of may take some hours to be accomplished.
The settings are all the time straightforward. Use your Bitcoin handle as a substitute of your ERGO handle 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 handle to your private BTC handle 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 could possibly be all the time discovered on the ERGO mining pool Assist web page.
Should you desire a visible content material The Hobbyist Miner made a video for you.
RaveOS Settings for ERGO Mining and BTC Payouts
This screenshot from RaveOS reveals how may you set the ERGO payouts to your BTC pockets handle.
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 handle within the Pockets area. 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 number 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 when you use RaveOS or some other working system. Specify your Bitcoin pockets handle within the Pockets area 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 handle within the Handle area. You might be all set!
BTC Payouts for SOLO Mining
2Miners BTC payouts system works for each normal 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 often requires enormous hashing energy or a number of luck. You would all the time estimate your possibilities 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.
Effectively. Dangerous, however nonetheless attainable. Normally, we don’t suggest SOLO mining when you get lower than 2-3 blocks/day. Should you received 0 blocks each day it turns into a lottery and your rewards would fluctuate quite a bit day-to-day.
Should you determine to mine SOLO you may get the BTC payouts for ETC, RVN, and ERGO mining. Enter your BTC pockets handle in your settings and you might be able to go. The settings could possibly be all the time discovered on the Assist pages of every pool.
2Miners SOLO Swimming pools with BTC Payout Choice
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