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- What is meant by the term “gas”? 7 answers
So basically, I set my claymore miner to be sending the ethereum profits to myetherwallet.com, and it is working out beautifully so far. Now, I figured I might as well transfer my current funds over to coinbase so that I will be able to sell my ethereum when I want to. I clicked on "receive" under the ethereum tab in coinbase, and got my coinbase address. Now, I sent a transaction from myetherwallet.com over to coinbase, and it seems like it will eventually update.
However, I am unsure what "gas" is, and I want to know if it will take any of my ethereum in the processing from one account (myetherwallet) to another (coinbase). Am I losing ethereum with this process? If so, should I set my miner so it is sending funds straight into coinbase?