New miner here trying to mine Ethereum on my R9 290 tri-x with a reported hashing rate of 28 MH/s.
So yesterday I was mining solo with ethminer console before I realized that you'd need months and be very lucky to get a block and actually get paid with 1 ETH.
Today I tried to mine with awesome miner and joined alpereum pool like one of the guides suggested.
So their minimal payout is 0.2 ETH and current ETH price is 370$ while the built in calculator says i'll be making 6.3 $ per day.
So does that mean i'll need to mine nonstop for about 11 days before I'll get my first 0.2 ETH into my wallet?
As a new miner i'm just trying to see if this is even working and waiting 11 days for result is a bit gruesome.
I've found some mining pools with 0.05 minimal payout… maybe I should try those but that would still take 3 days of testing before I get anything into my wallet if this is how this thing actually works…
Also at the time of writting this my miner started reporting an error:
Socket was closed remotely (by pool)
ETH: Job timetout, disconnect, retry in 20 sec…
Any advice you can give me? Am I understanding how this works properly?
Best Answer
Yes you are correct it would take "however many days" before getting a payout.
Alpereum changed to 0.05 ETH payout minimum recently but they are having some technical issues (this is why they lowered it).