/biz/ - Business & Finance

[Anonymous No.28720139]

as a complete brainlet trying to minimize transaction fee losses while mining ethereum, is it better to mine on a pool that pays out straight eth, or is there some transaction avoidance inherent in using one that can autoconvert to other cryptos?

I believe receivine eth:
you mine for them -> pay out eth, one transaction fee

but for auto convert is it:
you mine for them -> autoconvert transaction fee -> payout transaction fee

or is it some shit like:
mine for them -> transaction fee to exchange -> conversion fee -> transaction fee back to some possible dostribution wallet -> payout transaction fee

Im going to hold either way but if autoconverting to something like LTC will save me on fees versus receiving ETH im going to do that

[Anonymous No.28721110]

>>28720139
I never once paid a single transaction fee when I was mining ethereum in a pool.

[Anonymous No.28721369]

>>28721110
thanks.

yeah it looks like transaction fees are baked into the pool fee, and then there is an additional fee to be paid out in a different crypto

i.e. mining hub pool .9% pool fee, additional .3% to be paid out in another currency.

receiving eth might just be the best bet if im holding anything longterm, but I'm trying to accumulate ltc...