Mine in binance pool > trade for usdt > sell usdt to a p2p buyer for ringgit

Total fees is 0.1% for the trade, 0.075% if you use bnb. 0.06% with a referral code for 20% before making account, which I didn't do because taktau.
Get the code from someone here, or maybe from coin bureau guy, who makes nice videos. https://www.youtube.com/watch?v=YzJ6xkJpeUk

p2p currently free till june.

You can sell eth directly for ringgit in p2p, but atm you make a bit more selling usdt, even with a 0.1% trade fee. But do the math yourself.

Mining in a pool like binance or ethermine gets you eth directly, rather than mine eth for someone else, then get paid in btc in nicehash, currently. Nicehash takes it's cut and pays you a bit less so that people want to buy hash power.
It's not too bad, but mining eth in a regular pool still get's you a bit more. It can actually be more profitable when eth price is very low. Check here:

https://whattomine.com/
https://minerstat.com/hardware/gpus

Also nicehash only has free transfer only for btc to coinbase, or euro. https://www.nicehash.com/support/general-he...sh-service/fees

At 1910 eth/usdt price in binance, for example, Trade 0.0052 eth for 10 usdt (10 is minimum trade amount, 0.6% fee or $0.06 cents). https://www.binance.com/en/trade/ETH_USDT
Then sell to a buyer in p2p, lowest amount is rm 35 for 4.17 usdt/myr. And you get it straight to bank, no deposit fees for me in Maybank or I think like RM 0.10 sen for other banks. https://p2p.binance.com/en/trade/sell/USDT

So total fees is Rm 0.35 to get RM 35.

And binance pays daily, no minimum, so you can do this is in a few days, even with a single gpu with a low hashrate like 30 mh/s. Binance eth pool faq: https://www.binance.com/en/support/faq/9189...12d8eb54a03a302

But need to pass kyc to trade and p2p afaik, which took me around 10 mins.

This post has been edited by halim867: Apr 1 2021, 03:25 PM