Expensive ETH Desposits to Kraken, or Why Exchange Mining Should Be Avoided
8
Feb 2021
With the recent boom of crypto mining and more specifically Ethereum (ETH) mining there are a lot of new users joining the mining ranks and they start making newbie mistakes that we forgot about long ago. We are taking about the very easy direct mining to an exchange-generated Ethereum wallet address or with other words when the mining pool is directly paying the mined coins to a crypto exchange where you can sell or trade them. There is a big convenience in doing this, but there are also some pitfalls that may cause you to lose money and you may not even be fully aware of that fact.
Most crypto exchanges do not charge deposit fees to their users, but they do usually have a minimum number of coins to be deposited in order for the deposit to be credited to your...