The best wallet for Pearl mining payouts

Where to send your Pearl mining rewards: a fixed payout address, reward tracking, 100-confirmation maturity and cashing out to USDT.

·5 min read

Every Pearl pool needs one thing from you: a payout address. The Pearl mining wallet behind that address decides how easy it is to track rewards, wait out maturity and cash out. This guide covers what makes a good PRL payout address, how to set one up in Oyster and how to cash out.

What a good Pearl mining wallet needs

  • Self-custody. Only your seed phrase should control the address. If a pool or service holds the keys, it holds your rewards.
  • A stable PRL payout address. Most wallets hand out a fresh address each time you tap Receive. That is fine for payments, but for a pool you want one address you set once and forget.
  • Reward tracking. Seeing what you mined per day is more useful than one running balance.
  • Maturity awareness. Pearl mining rewards need 100 confirmations before they can be spent. A good wallet shows which coins are still maturing.
  • Standard seed. A wallet that uses the same derivation as the official desktop app means you can move between them with your seed phrase.

Your options

Pearl Wallet, the official open-source desktop app from Pearl Research Labs, runs on Windows, macOS and Linux and is a solid choice if you mine from a desktop. Download it only from the official GitHub releases. Third-party browser extensions, mobile apps and multi-coin wallets also hold PRL, each with its own features.

Oyster is an independent self-custody Pearl wallet with features aimed at miners. It uses the same seed and derivation as Pearl Wallet, so a seed from one works in the other. Compare them all in the best Pearl wallets.

Set up a Pearl pool payout in Oyster

  1. Install Oyster from the Chrome Web Store, or open the web app. Create a wallet or import an existing seed phrase.
  2. Optional: add a separate wallet just for mining. Tap the wallet name, then New wallet from my seed. It uses the seed you already backed up, so no new backup is needed.
  3. Turn on miner mode for that wallet. Oyster gives you one fixed payout address.
  4. Copy it into your pool’s payout setting. It never changes, so you only do this once.
Check that the address starts with prl1p and that the first and last characters match before you save it in the pool. A pool only ever needs your address, never your seed phrase.

Track Pearl mining rewards

The Mining screen shows:

  • What you mined today.
  • Your total for the last 7 days.
  • Your daily average.

Tap Pearl on the home screen to see maturing mining rewards alongside your spendable balance. If you allow notifications, the extension tells you when mining rewards arrive. You can also export your history as CSV for your records.

The 100-confirmation wait

Coins from a block reward are locked for 100 confirmations. With blocks every few minutes (the network targets 3 minutes 14 seconds), that is roughly 4.5 to 5.5 hours. Until then they cannot be sent or sold, and Oyster lists them as maturing. Pools may also batch payouts on their own schedule, so a gap between mining and receiving is normal.

Selling rewards for USDT

If you want to cover power or rental costs as you go, sell mined PRL for USDT from Oyster’s Trade screen once it has matured. Automatic selling above a threshold (auto-sell) is coming soon.

Sales go through the SafeTrade PRL/USDT order book. Your wallet sends the PRL to an exchange deposit address, which is credited after 10 Pearl blocks (about 30 minutes), then sold. Oyster charges a 1.25% fee on each sale.

While a sale is in progress, and once it turns into USDT buying power, those funds are held by Oyster for you, not by your wallet. PRL that stays in your wallet is fully self-custody. See who holds what.

Next steps

Frequently asked questions

What address format does a Pearl pool payout need?

A mainnet Pearl address, which is a bech32m Taproot address starting with prl1p. Testnet addresses start with tprl1 and will not work for mainnet payouts.

Can I use an exchange deposit address as my PRL payout address?

It is possible, but then the exchange holds your rewards and you rely on it to credit them. Check with the exchange first. A self-custody wallet address keeps the coins under your control.

Why can't I spend my Pearl mining rewards yet?

Mining rewards need 100 confirmations before they can be spent, roughly 4.5 to 5.5 hours at Pearl's block times. Oyster shows them as maturing until then.

Can Oyster sell my mining rewards automatically?

Not yet. Auto-sell is coming soon. Until then, sell mined PRL by hand from the Trade screen once it has 100 confirmations.

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