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The Polygon Network: Withdrawals

How to withdraw money from Polygon

Hiveon has finalized the long-awaited Polygon Network integration!

Learn more about the perks and how to set everything up.

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What is Polygon?

Polygon is a “layer two” or “sidechain” scaling solution running alongside the Ethereum blockchain. Fast transactions and low fees — this is what you get with Polygon!

Features and benefits of Polygon payouts for miners:

  • Miners can get payouts from a 0.005 ETH threshold.
  • The pool fully covers the transaction fees.
  • Polygon is a Layer 2 network. Compared to Ethereum Mainnet, it allows up to 1000 times cheaper swapping and moving of the coins within the L2 and to exchanges/wallets that support Polygon.

How-to guide for getting started with Polygon Payouts through Metamask

  1. Navigate to the Metamask.io website.
  2. Click Download now.

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3.Click Install Metamask for your platform (we are using Chrome).

metamask_screen_2.png

4.Next, click Add to Chrome. 5.On the confirmation screen, click Add extension.

install_metamask_2.png

6.Another tab will open up automatically after installation. Here, click Get started.

metamask_getstarted.png

Creating a wallet

If you already have a created wallet at MetaMask, you can click Import wallet. Below we are providing steps on how to create a new wallet for a new user.

1.On the New to MetaMask screen, click Create a wallet.

metamask_new_wallet.png

2.On the data consent page screen, click** I agree**. 3.Set a password, confirm the password, select the checkbox and click Create.

metamask_password.png

4.Click Next. 5.Click the gray box to show your recovery phrase. Write down your secret phrase somewhere safe, don't share this with anyone. Then, click Next.

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6.Confirm your secret phrase and click Confirm. 7.On the Congratulations screen, click All Done.

metamask_password_done.png

Connecting a wallet to Polygon network

After you have created a new wallet, you should connct it to the Polygon Mainnet nextwork. For taht, do the following:

1.On the Account screen, click the dropdown arrow next to Ethereum Mainnet and click Add network.

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2.On the displayed screen, fill out the following data:

add_network_2.png

3.Click the Polygon Wallet icon or Connect to a Wallet.

pollygon_wallet.png

4.Click on Metamask.

connect_wallet.png

5.On the Metamask popup, click Next, then click Connect.

connect_wallet_2.png

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6.Click Sign. Now your MetaMask is connected to the Polygon Network.

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7.Click on your address at the top to copy it to the clipboard.

Adding Polygon wallet to Hive OS

  1. Open your Hive OS dashboard.
  2. Click Wallets.

wallets_tab.png

3.Click Add Wallet. Make sure to use the wallet that you have just created in their flight sheet instead of an old wallet.

wallets_tab2.png

4.Select ETH in the coin dropdown list, then paste your MetaMask wallet address in and name it to identify it later. Then, click Create.

wallets_tab3.png

This is how the Polygon payouts will be resembled in your dashboard (make sure you use blockchain wallets only!).

Congratulations! You have created a new Metamask wallet and added it to Hive OS. Happy mining!

wallet_confirmation.png