Cryptocurrency Mining Payouts
While some miners may be working to help decentralize a particular cryptocurrency, most miners are doing so with the expectation of receiving a reward for their efforts. We will explain the process of receiving your first cryptocurrency mining rewards, including when and what cryptocurrency you will receive.
When Will My Wallet Receive Payment?
When using the Mobile Miner platform to mine cryptocurrency, all of your contributions are measured directly by the mining pool. The rewards are sent directly to your wallet by the mining pool. Our platform does not handle or touch your mining rewards at any time.
Your wallet will receive a payout in XMR automatically after meeting the minimum threshold amount configured by the mining pool. The default amount is 0.03 XMR but you can visit the mining pool and configure your wallet's minimum payout to a minimum of 0.003 XMR.
Once you reach the minimum payout amount for your wallet a transaction containing your payout will be processed by the mining pool within a couple of hours.You can visit modify your payout amount, as well as view the mining pool FAQ by visiting the pool directly and entering the public address of your XMR wallet.
What Currency Will I Receive?
Mobile Miner supports Monero wallets only, as this is what currency the mining pool provides it's payout in. For this reason, all of your mining rewards are paid in XMR (Monero) cryptocurrency.
Mobile Miner supports dozens of different cryptocurrency, so why are payouts done in XMR?
Both Mobile Miner and the mining pool offer automatic algorithm switching, which means that you are constantly mining for the most profitable coin. Since this can lead to small amounts of different cryptocurrencies being accumulated, the mining pool will consolidate this and provide a single payout using XMR.
Are you having issues with our online cryptocurrency miner? You can find a list of the common reasons for the problem as well as steps on how to get your miner working again. Don't worry - most problems are easy to correct!
Coinbase is one of the leading cryptocurrency exchanges in the world and they're giving out free cryptocurrency to new and existing users when you show off your cryptocurrency knowledge. Learn what it's all about here!