OUR CURRENT PROCESSING TIME IS NOW (5) BUSINESS DAYS

2: Setup Your Wallet

Now that you’ve got yourself acquainted with Farms, you can start setting up your Wallets.

If you're unfamiliar with crypto wallets, like the name suggests, they're where crypto you've bought, traded, or mined will be stored. 

Several wallets can be created for any coin you like. In fact, if you plan on mining multiple coins, we suggest creating different wallets that you can later pair with different miners and different pools.
(Miners and Pools will be covered in the next section)

HiveOS allows you the flexibility of mining one or several cryptocurrencies or sell your hashing power to NiceHash. You need to create a different kind of wallet if you plan to use NiceHash. (Covered at the bottom of this page)

 

Crypto Wallets

  • To add a new wallet for a specific coin, go to the Wallets tab and click the Add Wallet button. You’ll see a pop-up window with the following fields:

  • Crypto Exchange Wallets
    • These are the most common kind of wallets. They're linked to your account and you get a wallet address for each coin the exchange deals with.
      • Note: Unlike ETH and BTC, not all coins you can mine are available in all exchanges. Check Coin Market Cap for exchanges that trade your desired coin. 
    • The most popular exchange in the US is Coinbase, but other exchanges will have a similar way of finding your wallet address.
    • Coinbase: Go to Assets, then click Send / Receive at the top left hand corner. 
      • Click Receive and select the coin you'll be mining, such as ETH
      • You'll then see your wallet address for that coin. 

      • Copy it and paste it in your HiveOS wallet.

 

Wallet Options for Popular Coins

  • Ethereum (ETH
      • If you do not already have an ETH wallet, you have many options. Personally I use a software wallet like Metamask for short term storage, and a hardware wallet like Ledger Nano S for long term storage.
      • You can also use your crypto exchange wallet as was covered previously. 

    • Ravencoin (RVN)
      • Ravencoin offers downloads for desktop and mobile software wallets: https://ravencoin.org/wallet/ 
      • Like ETH and all other mineable coins, you can use your Crypto Exchange wallet address.

     

    • Ethereum Classic (ETC)
      • Ethereum Classic can also use Metamask, but requires a few extra steps that can be found in this guide.
      • You can also use your Exchange wallet. 

     

    • Toncoin (TON)
      • As a newer altcoin, TON isn't available on any exchange available for US residents. You can however use PancakeSwap, a decentralized exchange (DEX) to swap TON with USDT among other tokens.
      • You can make a TON wallet straight from the creator's website.
      • Other TON wallets

       

      Once you’re done creating your wallets, go to the Flight Sheets tab.

       

      NiceHash

      • If you want to mine with NiceHash, instead follow their guide which covers creating a NiceHash wallet in HiveOS as well as a flight sheet. 
        • When mining for NiceHash you will still choose the coin your mine, eg. ETH
        • When finished with the NiceHash guide, proceed to the Popular Miners section of part 3 of the starter guide

      Once you’re done creating your wallets, go to the Flight Sheets tab.

       

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