I'm new in bitcoin mining. I would wish to mining to make some profit. I have just talked to someone and he has told me I can partner with him to use his miner. I have some bitcoins ready with me and before I get started I want to know how I will configure wallet to his miner. What should I share with him and lastly how will I know that it is configured? I'm trying to avoid being conned
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2What you have described is almost certainly a scam, the likes of which has been reported here many times before. Wallets DO NOT need to be 'configured for mining'; that is not how mining works at all. DO NOT share wallet id, login, private keys, mnemonic seed, etc with him. You will lose your bitcoins.– chytrikCommented May 7, 2018 at 19:40
1 Answer
What should I share with him
Nothing, because
I'm trying to avoid being conned
See for example
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I invested with a man who said he can mine me btc ... he then says I need to deposit another 950usd
How can I get a private key for this address
I invested my bitcoins in someone's miner ... Now for the key he wants me to pay him $500
my money gone from wallet scam
one trader miner told me that he would double the btc and do minning. i did the i gave access online to my wallet blockchain . later a big scam. my money disapper from wallet and a watch only adress linked created and the my entire btc transferred in to it
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A guy ... told me that I can mine for bitcoin ... Within half an hour my wallet was empty.
I've been asked to share wallet credentials to participate in mining. Is that a scam?
I've been approached ... claiming that they would be able to increase my bitcoin by linking my wallet to their miner.