PURE
Well Known Member
- Joined
- Jan 5, 2013
- Messages
- 25
- Reaction score
- 10
- Points
- 2,135
After the whole Nicehash hack, and moving over to miningpoolhub, the fees in mining became an issue.
Pool fees 0.9%
Exchange fees 0.2%
Transaction fees (The spike in BT coin transaction fee and then discovering Luno has a receiving fee) can wipe out a substantial portion of profit on a small 2 GPU mining rig. BTC 0.0002 (Luno Receiving fee) and 0.0003 (Cashout fee) = $9 for every transfer.
What I have done is switched my conversion to ETH, since the transaction fees are lower and there is no receiving fee on Luno.
Is there a better way of converting my mining efforts into ZARs that what I’m currently doing?
The plan is to use my mining efforts to buy a new GPU every 3 to 4 months.
Pool fees 0.9%
Exchange fees 0.2%
Transaction fees (The spike in BT coin transaction fee and then discovering Luno has a receiving fee) can wipe out a substantial portion of profit on a small 2 GPU mining rig. BTC 0.0002 (Luno Receiving fee) and 0.0003 (Cashout fee) = $9 for every transfer.
What I have done is switched my conversion to ETH, since the transaction fees are lower and there is no receiving fee on Luno.
Is there a better way of converting my mining efforts into ZARs that what I’m currently doing?
The plan is to use my mining efforts to buy a new GPU every 3 to 4 months.
