Mining, but not showing money in my Bitcoin wallet. Nicehash/Claymore/Coinbase

renaldoaoarenaldoaoa Member Posts: 8
I am currently testing out mining on my desktop PC (1060 6GB) to see if building a 6 GPU is worth getting into. I have done many hours of searching and watching vids on the aspect of hardware, but I'm now turning my attention over to payouts, wallets, pools, etc..

Basically, I have mined over the past few days via Nicehash and Claymore, but I don't see anything in my Coinbase BTC and ETH wallets. I kinda want to see something before I go futher.

I started out using Nicehash at the beginning. I understand that their pay schedule depends on what you mine, so from that aspect I can see when I should receive some funds. I have that setup for BTC Wallet in Coinbase.

I started mining with Claymore last night, so it doesn't show an estimated payout.

Running Claymore last night with ETH Wallet in Coinbase.

I started running Claymore to test it and ETH mining/wallet out. Claymore is set up with the ETH Wallet.

Have I just not made enough from either of these to show anything in my wallets? Do I have something setup incorrectly? Should I be showing anything in my wallets?

I just want to make sure everything is setup correctly before I start mining full time.

While I have you here...
I see many people saying that Nicehash is the way to go when you want to let just let things run, but I'm starting to see some complain that their fees are really high.

An example.. 8:55

Is running Nicehash advisable to run? Do you run it, or have you in the past?

Really appreciate your time looking this over! :)


  • headshot155headshot155 Member Posts: 158 ✭✭
    Most mining pools have a minimum payout, and some charge for payouts too, so you may want to wait till you have mined a few ETH before you transfer to your wallet. There isnt typically a "transfer funds" button, you need to specify your minimum payout and then it will happen automatically.

    For ETH I cant see how much youve mined but you typically need to have at least 0.2ETH before a payout occurs. At your hashrate you will be mining 0.1ETH a month so you arent likely to see a payout until the end of the second month of constant mining. You need to commit financially before you see any sort of payout.

    If you want to mine 1ETH a month then you probably need 7 graphics card running at 29mh each - thats at the current difficulty rate. You will mine less and less ETH every month as difficulty rises. Your monthly income will vary according to the price but there seems to be a mean-reverting relationship emerging between price and difficulty - so while volatile you will probably see similar payouts in USD terms each month. That is until ETH switches from PoW to PoS, there is still debate as to if this will ever happen but most people believe it will be sometime in late 2018 - your rig will be useless for ETH mining at that point and you will have to look to another GPU currency to mine.

    You will also need to spend some time choosing the right cards, its all a balance between price of the card, the hash rate, its bios moddability and electricity consumption. The best cards seem to be 1070 GTX, rx480/580s if you can find them and 1060s.
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