How To Get 5 Btc For Free

Spoiler: Now you can get daily payouts from the Ethereum pool starting from $1.75 without fees.

Contents

  • Ethereum Miners Are Getting Less Profit after the London Upgrade
  • Delayed Payouts to Ethereum Miners
  • 2Miners Solves the Payout Problems
  • Free Payouts in Nano for Ethereum miners
    • How does it work?
    • Settings
    • When Nano Payouts Are Candy
    • Fees
  • Is Bitcoin Mining on GPU Possible?
    • Settings
    • When Bitcoins Payouts Are Processed
    • Fees
  • How to Fix Up Popular Mining Operating Systems for BTC and NANO Payments
    • RaveOS Settings
    • minerstat Settings
    • HiveOS Settings
    • mmpOS Settings
  • Determination: Cryptocurrency Auto-Commutation in Mining

Ethereum Miners Are Getting Less Profit after the London Upgrade

For the by 2 months, there have been abiding problems with transactions later on the London upgrade in the Ethereum network. Transaction fees are too high, and transactions are often late.

Main Upshot: Say, a miner with ane GPU earns $3.00 per day. To get his monthly payout of $90, he must pay $7.50, which is almost 10% of his profit. Not simply It’s too much, merely many miners also want to go payouts each week or even more often.

The Ethereum network has had an issue with high transaction fees between addresses for a long fourth dimension. It didn’t concern mining pools before: they could decide for themselves which transactions and fees to include in their blocks, and which to exclude. Now mining pools don’t accept an advantage. They are forced to ship payouts to miners at market price.

At the time of writing, the Ethereum transaction fee is $ten per transaction.

Information technology happens due to the Ethereum network load. The London upgrade was supposed to solve this issue, but information technology only made the state of affairs worse. When there are many transactions in line, the base of operations gas cost rises. You tin can read more nigh the “gas” concept in the defended article: What is Gas in Ethereum? Ethereum Transaction Fees.

In the case of smart contracts, widely used by cryptocurrency exchanges and online wallet providers, each transaction costs even more: up to $20–$30.

As a mining pool, all nosotros can do is limit the max gas toll nosotros pay to transport payouts and so that our miners don’t waste material a significant role of their profits on payout fees. Currently, our max gas price is 100 gwei, so a miner pays no more than $seven.lx to ship a payout to a standard accost.

Delayed Payouts to Ethereum Miners

High transaction fees in Ethereum lead to the second problem: payouts arrive late. They are not always delayed: simply on those days when the Ethereum network is overloaded. Sadly, the network is overloaded almost not-terminate, and nosotros don’t think it is going to modify for the amend. The number of agile cryptocurrency users is constantly growing.

Equally a upshot, it also hurts miners. The puddle sends payouts just when the transaction fee reaches an acceptable level: under $seven.60 per transaction. The rest of the fourth dimension miners have to wait for their payouts hoping that the gas toll in Ethereum goes down.

Permit’s await at last week’s gas toll chart. Keep in mind that the puddle gear up a limit of 100 gwei. The nautical chart can be roughly divided into 2 parts: iii days to the left (Oct two–4) when the pool pays equally usual and 4 days to the right (October 5–8) when the pool payments are delayed.

Users complain nearly it all the time, but what can we do? We can only enhance the gas limit fifty-fifty more. How much would a transaction price then? $twenty? $30? It’s unacceptable. Most miners won’t appreciate such a decision and volition have to look for other sources of income. They can’t merely change the pool for mining, as all the pools are having the same problem.

2Miners Solves the Payout Issues

You are a small miner with one graphics card and you desire to get paid today, right abroad, without paying insane Ethereum Network fees. How can you practise it?

A logical thing to exercise is to get payouts through some other cryptocurrency network that doesn’t have all these issues. And then we studied transaction fees and operation speed of popular coins. Nano (ticker: NANO) turned out to exist the most suitable cryptocurrency. What is this coin?

At the time of writing, Nano ranks 113th amongst all cryptocurrencies by market cap.

Nano’southward main advantage is instant and completely costless transactions.

Nano is traded on many cryptocurrency exchanges. The daily trading volume is $15+ million. Once the puddle pays you, you lot can exchange Nano at any time for any cryptocurrency (even Ethereum). In the stop, you will have even more Ethereum this way than by getting paid in Ethereum directly. Pool payouts in Nano cost you nothing.

Our Ethereum pool tin now procedure the payouts in NANO.

We empathise that y’all might be surprised past our decision, as you don’t trust this coin. That is why we came up with another solution: payouts in Bitcoin. What tin exist ameliorate? Unlike Nano, Bitcoin requires a transaction fee, but it’s much lower than Ethereum’s.

Free Payouts in Nano for Ethereum miners

At present you lot can become payouts in the Ethereum pool for free every 24-hour interval even if you have only one graphics card. Also, Nicehash and other mining rental platforms are supported.

How does information technology work?

One time the payout threshold set past a miner is reached, the pool automatically exchanges ETH earned past the miner to NANO. We currently use such cryptocurrency exchanges every bit Kraken and Binance. Cryptocurrencies are always exchanged at market toll.

Say, your payout threshold is 0.0005 ETH (approx. $1.75). You lot accrue 0.0006 ETH ($2.1), which sets the payout procedure in motion. The pool sends your 0.0006 ETH ($2.i) and coins of other miners to substitution and converts them to NANO at market price. Later the pool gets money in NANO, it issues payouts to each miner in NANO. As a result, you get the equivalent of 0.0006 ETH ($two.1) in Nano to your wallet without losing a penny.

At starting time, we didn’t want to set a payout threshold for payments in NANO. Say, you earn 0.0001 NANO in a day (less than $0.0005 at the current substitution charge per unit). Nosotros know that many users mine straight to an exchange. Exchanges oftentimes have a deposit threshold. For instance, a minimum deposit on Kraken is 0.1 NANO. That is why we ready a threshold for payouts in NANO in the pool: the equivalent of 0.0005 ETH (~$1.75). Even the weakest GPU that mines Ethereum can accumulate the required minimum in one day.

Settings

  1. Get a desktop or mobile NANO wallet or generate a NANO address on a cryptocurrency exchange. The all-time wallet is Natrium. The all-time exchanges are Binance, Kraken, and KuCoin.
  2. Supercede your ETH address with your NANO wallet accost in the miner settings. A sample bat file for mining with Gminer
    miner.exe --algo ethash --server eth.2miners.com:2020 --user nano_3gyf7qnmkp4puzghqks8pn1rfxsubhpya4m5hohdeqkejdjtpwd4tkfxz6a9.RIG_ID
  3. Once mining starts, you tin can go to your Statistics folio by entering your wallet address in the search field on 2Miners.com. Your accost is also shown on the list of all pool miners forth with regular ETH addresses. For instance nano_3oxxxag4jj883zt7bdsdhym8qagsbk4rxw48chmy11xgi4mfxqda7o6ro1ct. You can prepare a payout threshold on your Stats page. You lot don’t have to practise information technology though. NANO transactions are free, so you tin get paid as often as you like without any losses.

When Nano Payouts Are Processed

Payouts are processed one time a twenty-four hours at 12:00 UTC. Payouts are not instant. Because that your ETH must be transferred to an exchange, exchanged, and then transferred back, the whole process unremarkably takes no more two hours assuasive for small delays. We plan to process the payouts more than in one case a day in the future.

Fees

When miners go paid in NANO, they
don’t pay any fees at all.

The whole process is completely transparent. Later on the pool issues a payout (and fifty-fifty during the payout process), you can monitor the operation status of an exchange system, check an exchange rate, and track your money from the moment ETH is sent to the exchange to the moment you go NANO. The pool doesn’t retain any additional fees: all exchanged coin is paid out to miners in full.

If you prefer the video format bank check the “Go DAILY PAYOUTS with NO FEE mining Ethereum” by Sebs FinTech Channel.

Is Bitcoin Mining on GPU Possible?

Information technology sounds surreal: everybody knows that y’all can simply mine Bitcoin on ASICs. We made Bitcoin mining on GPU a reality. You can mine Ethereum in the 2Miners pool and get paid in BTC.

Once the payout threshold set by a miner is reached, the pool automatically exchanges ETH earned by the miner for BTC. Nosotros currently use such cryptocurrency exchanges as Kraken and Binance. Cryptocurrencies are always exchanged at market toll.

Settings

  1. Get a desktop or mobile BTC wallet or generate a BTC address on a cryptocurrency exchange. If you use Binance choose the BTC (SegWit) chain.
  2. Replace your ETH address with your BTC wallet address in the miner settings. A sample bat file for mining with Gminer
    miner.exe --algo ethash --server eth.2miners.com:2020 --user 1HyyZxZAQjZenHf9TGsdUY9cxvMpbGjGBz.RIG_ID
  3. One time mining starts, you tin go to your Statistics page by entering your wallet address in the search field on 2Miners.com. Your address is also shown on the list of all puddle miners along with regular ETH addresses. For example bc1qrlpjqp2vvaan0ferh44z7tsevqzkcxrugm9g5n. You can set a payout threshold on your Statistics page. Information technology is always set up in ETH. You lot can cull any corporeality from 0.005 ETH (approx. $17.5) to ten ETH.

When Bitcoins Payouts Are Candy

Payouts are issued once a 24-hour interval at 12:00 UTC. Payouts are not instant. The whole process usually takes no more two hours assuasive for small delays (like waiting for exchanged BTC withdrawn from an exchange). We program to procedure the payouts more than than once a day in the future.

Fees

When miners get payouts from our payment gateway, they pay only a part of the transaction fee in the Bitcoin network. We group all miner payouts in 1 transaction. The transaction expenses are and then divided betwixt the miners in equal parts. That is why the current fee for each miner is less than $0.2

All other fees are covered by the pool, including the fee for sending ETH to an commutation and the fee for withdrawing BTC from an commutation. If you don’t desire to pay any fees at all, consider mining ETH and receiving the payouts in NANO.

The whole procedure is completely transparent. After the puddle issues a payout (and even during the payout procedure), you can monitor the operation status of an commutation system, check an substitution rate, and rail your coin from the moment ETH is sent to the exchange to the moment you become BTC. The puddle doesn’t retain any additional fees: all exchanged money is paid out to miners in full.

Now you can mine BTC on video cards by simply connecting to the 2Miners Ethereum pool with your BTC address instead of your Ethereum accost. The pool volition take intendance of all conversions with minimal fees.

How to Set up Popular Mining Operating Systems for BTC and NANO Payments

Let’southward cheque the settings for popular mining Linux-based operating systems. The principle is unproblematic: when you enter your wallet address you need to use your Bitcoin or NANO address.

RaveOS Settings

Please find below the screenshot of RaveOS settings for NANO.

RaveOS NANO settings

minerstat Settings

On minerstat you tin can fix mining of ETH in the worker’s config. Start, select your preferred mining client and then set up the unproblematic configuration:

  • Money: ETH
  • Puddle: 2Miners stratum address tag. You can add together it on the go, the address is: eth.2miners.com:2020
  • Wallet: Your BTC or NANO wallet address.
  • Countersign: minerstat

minerstat_settings

HiveOS Settings

If you lot employ HiveOS select the 2Miners Ethereum pool Flight Sheet. Please pay attention that when you add the wallet address you select the ETH Coin. The address itself could exist non only ETH but also BTC or NANO if you lot mine in 2Miners pool. Check an example of the HiveOS settings for NANO payouts below.

HiveOS NANO settings

mmpOS Settings

  1. Create the wallet to be assigned to the pool. Utilise Ethereum as the base currency and add your BTC or NANO wallet address.
    mmpos_btc_wallet
  2. Create the pool and select the wallet you added previously. Add `eth.2miners.com` equally hostname and port `2020`. No need to do anything else, click the “Create pool” button.
    mmpos_btc_pool
  3. Create the miner profile with the in a higher place-added puddle. Name your miner contour as you lot like and cull your desired miner.
  4. Select the target rig, click “Switch miner profile” button, and check your newly created contour. Make sure yous’ve deselected other profiles that this rig had assigned previously. In a few minutes, your settings will exist applied and mining will outset.

Conclusion: Cryptocurrency Auto-Exchange in Mining

If you mine Ethereum in the 2Miners pool, you tin can choose one of three cryptocurrencies for payouts: Ethereum, Bitcoin, or Nano. The minimum payout in Ethereum is 0.01 ETH (~$36), Bitcoin is 0.005 ETH (~$18) and in Nano – 0.0005 ETH (~$1.80).

Payouts in ETH are issued within 2 hours afterward you reach your payout threshold. Payouts in BTC and NANO are issued once a day at 12:00 UTC.

No special setup is needed to use auto-exchange. Just add together the wallet address of the cryptocurrency in which y’all want to get paid (ETH, BTC, or NANO) to your miner settings.

Every bit of now, motorcar-commutation works only in 2Miners Ethereum pools (PPLNS and SOLO). Nosotros might besides add auto-exchange for other cryptocurrencies in our pools in the time to come. We are looking forrard to your feedback in our Telegram conversation and on Twitter. We want our users to get payouts for cryptocurrency mining as easily equally possible. Thank you for choosing us!

Join our Telegram community and remember to follow us on
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to get all the news every bit soon equally possible.

Source: https://2miners.com/blog/how-to-get-payouts-for-ethereum-mining-without-fees/

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