RE: Koinos platform Announcement & KOIN Miner Setup - Mining Start On October 13th 2020

[uyobong]

Please I have a few questions:

• If I mine in more than one computer, I'm I using the same recipient address?
• Do I have to fund it the second time?
• What is the minimum ETH that should be sent to the FUnding address?
• If the ETH in the funding address gets exhausted, what happens?
• If I have excess of the ETH in the funding address, can I transfer it?

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Comments

[ervin-lemark]

@uyobong

Hey, sorry for the late reply.

• Yes, you can use the same recipient address on all miners
• Yes, you have to fund it to be able to execute transactions - to report your work,
• It depends on how many reports you plan to send; after 10 submitted reports the average fee is $2.61
• You won't be able to pay the transaction fee for the sending of the reports
• Of course, It's your address and you control it.

Thank you for your very good questions. I could make a FAQ out of them.

Good luck with mining!

[uyobong]

Thank you. Very helpful answers.

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[ervin-lemark]

You are welcome.

A remark about the last question - I didn't try it out yet. Meaning to open the address with Metamask or any other Ethereum wallet. Yet, it should work.