Hey guys (first post here),
I'm very new to mining, seeking some advice from the Pros. I am a fairly technical person, should be able to grasp quickly. But I'm juggling between too many terms and have some confusion going on.
I've been mining on Ethermine.org pool using claymore.
I created an account using geth (Safe to call this a "wallet"? I'll call it "account" for now).
I setup a few workers mining to this same "account" with about 128MH/s.
I've set the payout limit to 1 ETH on Ethermine.org pool.
I've been getting all the payouts pretty accurately.
After reading around, it seems like I should not use the "account" to trade. Instead, send it to another "wallet" first (I see "Mist" as a good option?), then use that "wallet" to send it to exchange for trading. Correct me if I'm wrong here too.
So far so good. But there is a little confusion here.
To avoid confusion and make explaining easier, we shall assume:
I'm very new to mining, seeking some advice from the Pros. I am a fairly technical person, should be able to grasp quickly. But I'm juggling between too many terms and have some confusion going on.
I've been mining on Ethermine.org pool using claymore.
I created an account using geth (Safe to call this a "wallet"? I'll call it "account" for now).
I setup a few workers mining to this same "account" with about 128MH/s.
I've set the payout limit to 1 ETH on Ethermine.org pool.
I've been getting all the payouts pretty accurately.
After reading around, it seems like I should not use the "account" to trade. Instead, send it to another "wallet" first (I see "Mist" as a good option?), then use that "wallet" to send it to exchange for trading. Correct me if I'm wrong here too.
So far so good. But there is a little confusion here.
To avoid confusion and make explaining easier, we shall assume:
- "Account" Address : 0xACCOUNT
- "Wallet" Address on Mist : 0xWALLET
- "Payout Tx" Address on Ethermine.org : 0xTX
- Can I do this using claymore? I can't seem to find the option to do this.
- I installed Mist on my computer, added a new "wallet" and it started synchronizing about 2million blocks. Is this correct?
- Is it safe to add my "Account" to Mist? The warning "You are sharing your identity with Ethereum Wallet" is doesn't sound convincing
- How do I send my "Payouts" to this new "wallet"? Can I do this using Mist considering I have not added my "Account" to it? Do I use the "0xACCOUNT"? or do I use the "0xTx"?
- Is it possible to use a non-mining machine for the purpose of trading and just let the mining machine do what they are setup to do (mine)?