2

Most p2p mines (like this one) have the following norm:

"Don't use an exchange address!"

I am mining alt cryptocurrencies but I do not have a real interest in maintaining a separate wallet for every kind of currency. Why they do not admit addresses from exchange sites?

Improve this question
2
  • I guess that is just a recommendation, because exchange addresses might become invalidated for some reason (e.g. exchange uses each address for single depositing transaction, and then simply "forgets" it). There is no way of telling address origin, so I doubt pools won't allow you to use one; they just won't be liable if something happens with your payout.
    – aland
    Commented Jan 2, 2014 at 17:26
  • For example Mtgox changes the deposit address every transaction.
    – John T
    Commented Jan 2, 2014 at 17:37

1 Answer 1

Reset to default
3

Many exchanges don't have a fixed deposit address for each client.

This means that when you want to make a deposit, it will give you an address and it will log that you are depositing to it. However, when they don't receive anything on the address, the address expires and might be reused for another client. So when you use the address for mining, it's possible that the coins you get from the pool and are send to that address will never end up in your wallet.

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.