This payout method allows a direct withdrawal to the exchanges. You can learn more about the alternative withdrawal method via Ethereum Mainnet here
Network fee is paid by the miner and will be deducted from your balance at the time of transaction.
In May 2022 the network fee was 0.12$
This is how transaction fee mechanism works:
Every day from 09:00 to 12:00 (UTC) we send out payout transaction. At around 09:00 we gather the list of miners eligible for payout (i.e. miners who reached their min payout limit).
Please bear in mind: if at the moment of gathering payouts list your balance was less or equal to your min payout limit, the transaction will not be processed, which means that you will have to wait for the next day to get your payout.
After we gather the list we exchange ETH to BTC via Binance at the current market rate and send out payouts to all the wallets in one transaction.
This allows us to bring down transaction costs by dividing the TxFee equally between all the miners participating in the transaction. The more miners - the less TxFee per miner.
How do I set up payouts to BTC wallet
Create a BTC wallet. You can use the following formats Native SegWit, SegWit, Legacy, Script.
If you’re not sure what type of wallet you have, check here.
We would recommend using Native SegWit or SegWit, it will help you save up to 30–45% on network fees for further transactions from your wallet.
Click Start at ezil.me website and fill in all the data. You will get a ready-to-use .bat file, which you can download, save to the folder with your miner and run it.
If you don’t have a miner software yet you can download it as well by clicking "download miner".
Please pay attention:
At step 1 you can only choose ETH or ETH+ZIL wallet
At step 4 you need to switch to BTC Wallet to be able to enter the address in BTC format.
After filling in all the data click Complete, you will be redirected to your new personal account.When you start mining you will have to wait for your account to activate. Usually it takes around 10-30 minutes. When your account is activated you will be able to see a notification that you have enabled BTC payouts, also you will be able to set up a min payout limit.In your account you can go to Reports - > Payouts section to see the final amount after conversion of ETH to BTC and TxFee you paid for this transaction.