Bitcoin payouts issue
According to Bitcoin fees for transactions
The bitcoin fees is so high as it reached more than 100$ in the last 48 hours with a lot of uncofirmed transactions.
Nicehash announced that they are holding all transaction that are lower than 0.1 BTC
and here is my suggest for this issue with anonymous miner account for privacy.
- Miner have more than one wallet option. Private key for every miner to change and select which currency he wants and proof of owner linked to Miner ID as well as pin code. so no need for private informations like email.
That will be built on anonymous miner account.
Miner ID:
#000111
Private Key generated by Nicehash only and each string should be unique.
Example:
Duy52kuL5QS3yicrX1p4Xuy52kDL5Qk3FiQrqEp0
Pin Code:
0000
Also the ability to mining directly to Miner ID not the wallet address.
as we should have the ability to change it any time we want.
and if we lost the external wallet that shouldn't be a problem at all as long as we hold our ID and private key as well as pin code.
2.The ability to change the cryptocurrency that we want for payout in the green section as I've mention in the screenshot.
Also Nicehash Miner GUI must have all world physical currencies like USD.
*Important
- Private ID can't be changed or recovered if lost.
- User must create new account if lost the old account.
- Pin code can be changed by using the old one.
- Nicehash generates the miner ID and Private key not the user.
- User is only able to input the 4 Pin code.
- All miner accounts must be encrypted.
TOP 3 suitable CryptoCurrencies for payouts
1. Dash
Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions.
LOW FEES – Much lower than banks or credit cards, often even free.
INSTANT – Payments are received instantly by the other party thanks to InstantX.
Dash is extremely recommended for Nicehash payouts as it has Instant transactions feature.
2. Litecoin
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
That makes it very good alternative for bitcoin payouts.
also a cheaper solution.
3. Ethereum
Ethereum #2 World CryptoCurrency after Bitcoin.
It has smooth transactions and lower fees than bitcoin.
Built on DAG features as long as the size increases makes it better choice for Nicehash payouts.
Posted on Utopian.io - Rewarding Open Source Contributors
i also recomend hashnest for minning
Not a fan of cloud mining :)
Great Idea!
Very useful suggest.
Thanks for sharing.
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I am going to have to check it out.. Thanks for the info! @koh
Sorry, I didn't get your point.
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Great post there, keep up good work !
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