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 at all times thought of probably the greatest methods to retailer owned crypto as effectively by the miners. A few of them want money or stablecoins like USDT, however stablecoins rely upon the issuer and in the long run might be a lot much less dependable. All of us keep in mind the latest crash of UST.
Should you mine ERGO and if you wish to retailer and hodl ERGO there is no such thing as a cause so that you can use the BTC payout mechanism 🙂 Nevertheless, generally, BTC funds are fairly handy and cost-effective. The BTC payouts had been initially out there for the ETH mining pool solely. ETH switches to POS and it isn’t mined anymore since September fifteenth.
We have already got the BTC payouts characteristic applied for Ethereum Basic (ETC), ERGO (ERG), and Ravencoin (RVN) mining swimming pools.
You possibly can get the payout for those who mine within the pool or in SOLO mode, our system works for each conditions.
Bitcoin Payout Mechanism
The system algorithm is fairly simple. 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. Day by day at 12:00 UTC the pool checks in case you have reached the payout threshold you set. If the response is constructive and your unpaid stability 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 completely 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 shipped 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 sincere, often, it’s lower than $0.1, generally even round a few cents. This isn’t the payment taken by 2Miners, it’s a payment 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 payment.
Why must you pay this BTC payment for those who might obtain Ethereum Basic 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 lots of charges on deposits and withdrawals from the crypto trade. You save a lot time on a continuing exchanging of cash too. In the long run, you get the BTC on the pockets you want. It might be a chilly/scorching/{hardware} pockets, and sure, a crypto trade pockets for those who’d prefer to.
It’s not advisable 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 are usually not for you. You possibly can 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 largest community by way of the mining hashrate concerned. In an effort 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 deal with. The payout system is strong and time-tested. We’ve launched the BTC payouts for the ETC pool in April 2022. All the small print might be discovered within the submit Getting Paid in Bitcoin for Ethereum Basic (ETC) Mining: Step-by-Step Information.
To start out 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 might be at all times 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 would 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 you must do is to substitute your ETC pockets deal with 0x22A9a06615492BdA25bD518F1973cd23B548DB13 along with your BTC pockets deal with bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc. The bat file will seem like 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 might be utilized to every other miner: T-Rex, lolMiner, NBMiner, TeamRedMiner and so on. and so on.
An necessary factor is that you would use any sort of Bitcoin pockets deal with you want. We help a majority 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 fashionable 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 Deal with discipline. You possibly can discover the instance beneath.
ASIC Settings for BTC Payouts. Antminer E9, Innosilicon A10, A10 Professional, A11
With no Ethereum mining out there, lots of ASIC miners swap to Ethereum Basic mining. Relying in your ASIC producer your settings web page might be completely different but it surely at all times has such necessary fields as pool URL (host:port) and your pockets deal with which might be additionally referred to as your employee identify. To get BTC payouts you must 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 shouldn’t be offered 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 do not forget that the trade course of might take some hours to be accomplished.
The settings are at all times 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. Keep in mind to alter 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 might be at all times discovered on the ERGO mining pool Assist web page.
Should you want 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 might 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 acquired the BTC payout characteristic. With Ethereum going to POS Ravencoin acquired lots of buyers’ consideration. RVN value surged virtually 150%.
The Assist web page of the Ravencoin mining pool has all of the settings required to begin RVN mining with BTC payouts. Right here is an instance of probably the greatest 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 possibly can obtain BTC payouts for RVN mining both for those who use RaveOS or every other working system. Specify your Bitcoin pockets deal with within the Pockets discipline and select the closest 2Miners Ravencoin server. If unsure 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 Deal with discipline. You’re 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 way riskier in comparison with pool mining. It often requires big hashing energy or lots of luck. You possibly can at all times 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 doable. Normally, we don’t suggest SOLO mining for those who get lower than 2-3 blocks/day. Should you received 0 blocks each day it turns into a lottery and your rewards would fluctuate rather a lot daily.
Should you resolve to mine SOLO you would get the BTC payouts for ETC, RVN, and ERGO mining. Enter your BTC pockets deal with in your settings and you might be able to go. The settings might be at all times discovered on the Assist pages of every pool.
2Miners SOLO Swimming pools with BTC Payout Choice
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