RE: Koinos platform Announcement & KOIN Miner Setup - Mining Start On October 13th 2020

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RE: Koinos platform Announcement & KOIN Miner Setup - Mining Start On October 13th 2020

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uyobong in LeoFinance • 4 years ago

Please I have a few questions:

If I mine in more than one computer, I'm I using the same recipient address?
Do I have to fund it the second time?
What is the minimum ETH that should be sent to the FUnding address?
If the ETH in the funding address gets exhausted, what happens?
If I have excess of the ETH in the funding address, can I transfer it?

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4 years ago in LeoFinance by uyobong

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ervin-lemark 4 years ago

@uyobong

Hey, sorry for the late reply.

Yes, you can use the same recipient address on all miners
Yes, you have to fund it to be able to execute transactions - to report your work,
It depends on how many reports you plan to send; after 10 submitted reports the average fee is $2.61
You won't be able to pay the transaction fee for the sending of the reports
Of course, It's your address and you control it.

Thank you for your very good questions. I could make a FAQ out of them.

Good luck with mining!

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uyobong 4 years ago

Thank you. Very helpful answers.

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ervin-lemark 4 years ago

You are welcome.

A remark about the last question - I didn't try it out yet. Meaning to open the address with Metamask or any other Ethereum wallet. Yet, it should work.

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