12/12/2023 0 Comments Cudo miner pool fee![]() I am still investigating about Exodus, but looks cool. Besides, they encourage users to use Wallet app like Exodus which will allow to do currency exchange with pennies instead of dollars or TENS of dollars. But $2/month per PC if you have 5 or more is reasonable. It is essentially the transaction fee that you pay to withdraw from Cudo Miner to your wallet. The only fees I am seeing is if you have more than 4 computers and if you use other mining pools than Hive pool. That is why I am switching to HiveOS once I reach my next minimum withdrawal threshold. The cheaper one is CoinBase and still they WILL TAKE 3% to exchange that amount to US Dollars. Let's say you withdrew the money to an exchange like CoinBase or Binance. And roughly deduct $60 electricity for my two computers, now $215. Earn more with our profit switching multipool, merge mining and the Trusted Mining Program. Deduct 6.5%, that is $280.5, deduct around 5-6 dollars for that withdrawal fee. A professional Dogecoin, Litecoin, Ethereum, ZCash, and Bitcoin mining pool for Scrypt, Ethash, Equihash, and SHA-256. ![]() I have two RTX 3070 FE, mining Ethereum generates about 300 give or take. The pool has a minimum and the people in charge of cudo saw fit to not only. It is like mining for 2 to 3 days just to pay the fee for CudoMiner. Solution: Use a mining pool that allows you to set a minimum payout threshold. ![]() Now I don't mind paying something reasonable like 2 or 3 dollars a month, but that is it. Still, I am not happy about 6.5% fees for CudoMiner, it is way too high. From what I understood, you are paying the miners an amount (low, medium or high) in a hope that they will process the withdrawal transaction as fast as possible (when paying high) or relatively slow (when paying low) but risky of getting your money and transaction ignored since there is less incentive for the hashing algorithm to push that transaction to the front of the queue to be processed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |