Very new to mining...wallet still showing $0 balance after 1 week

[steelo]

Hi,

 

I am dabbling in mining with very low expectations using a single gpu (RX 5700), but this is more out of curiosity that will probably last a few weeks until I get bored.

 

I'm currently using minerstat and atomic wallet mining ethereum. I have copied and pasted the ETH address from atomicwallet into minerstat under the 'address editor' option. Even if I continuously hit refresh in atomic wallet, my balance still shows as zero. I do see the message stating 'estimated time to reach the payout limit', will the balance not be updated until I mine .01 ETH (min payout)? Sorry if this is a really silly question, I'm pretty clueless about this since I've only been doing this for a week so far...

 

[Eigenvektor]

2 minutes ago, steelo said:

will the balance not be updated until I mine .01 ETH?

The min. payout means you don't get anything until you've mined at least 0.01 ETH. Right below it tells you it'll probably take around 6 days, 9 hours (of continuous mining) before you reach that. It wouldn't be economic for them to pay out every little amount. because the transaction fees would essentially eat it all up.

 

See also: https://minerstat.com/help/when-do-i-get-paid

[steelo]

Just now, Eigenvektor said:

The min. payout means you don't get anything until you've mined at least 0.01 ETH. Right below it tells you it'll probably take around 6 days, 9 hours (of continuous mining) before you reach that. It wouldn't be economic for them to pay out every little amount. because the transaction fees would essentially eat it all up.

 

See also: https://minerstat.com/help/when-do-i-get-paid

Thank you, that's what I was thinking but I wasn't entirely sure.