Topic: [ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool - page 238. (Read 794394 times)

thanks, i couldn't find this info.

Sorry, old information. It looks like they updated it to 0.004 a couple of days ago:

it's 0.0027
and now it seems website is down with Error 502

Sorry, I thought it was a multipool.

What's your current balance? You need at least 0.001 BTC to get a payout.

That's not true. You get BTC immediately, nicehash doesn't convert anything.

Anything changed?
I was receiving payments almost everyday. Now it's been 3 days without payment.

I don't think so. You mine various coins and they convert them for BTC after a few hours.

is it possible for you nicehash to set up a payout at anytime i want? Meaning for emergency use so to speak. but keep the regular payout like it is. thank you

Can anyone please tell me why I get tons of hardware errors with these settings for Scrypt-N? X11 and the rest works fine.

3 GPUs = AMD R9 290

{
                "name" : "NiceHash Scrypt-N",
                "url" : "stratum+tcp://stratum.nicehash.com:4335",
                "user" : "xxx",
                "pass" : "f0=0.9;f2=0.5;f3=4.9;f4=3.5;f5=0;f6=3.1;f7=0",
      "intensity" : "18",
                "gpu-powertune" : "20",
                "worksize" : "256",
      "gpu-threads" : "1",                
      "algorithm" : "zuikkis",
                "nfactor" : "11",
                "gpu-engine" : "975",
                "gpu-memclock" : "1250",
                "thread-concurrency" : "8192"
        },
{
                "name" : "NiceHash X11 Multi",
                "url" : "stratum+tcp://stratum.nicehash.com:4336",
                "user" : "xxx",
                "pass" : "f0=0.9;f2=0.5;f3=4.9;f4=3.5;f5=0;f6=3.1;f7=0",
                "intensity" : "17",
                "gpu-powertune" : "20",
                "worksize" : "64",
      "gpu-threads" : "2",
                "algorithm" : "darkcoin-mod",
                "gpu-engine" : "975",
                "gpu-memclock" : "1250",
                "thread-concurrency" : "8192",
                "hamsi-expand-big" : "4"
        },
...
],
"gpu-fan" : "100,100,100",
"lookup-gap" : "2",
"api-allow" : "W:127.0.0.1",
"api-listen" : true,
"api-mcast-port" : "4028",
"api-port" : "4001",
"expiry" : "28",
"gpu-dyninterval" : "7",
"hotplug" : "5",
"log" : "5",
"queue" : "0",
"scan-time" : "7",
"temp-hysteresis" : "2",
"shares" : "0",
"no-submit-stale" : true,
"no-restart" : true,
"no-pool-disable" : true,
"failover-only" : true,
"failover-switch-delay" : "30",
"show-coindiff" : true,
"remove-disabled" : true,
"extranonce-subscription" : true
}

Thanks!

It all depends on orders. Our system will give hashpower to best paying orders. If your order doesn't pay enough, it is left with 0 hashpower, but this also means you pay 0, because you are only paying for valid accepted shares.

Do u mean the buyer's bid amount gets forfeited if he dos not win the hash ?

At cex.io you buy "virtual device" that has certain hashing power, that is why you can sell it. Here, you don't buy device, but only hashing power which is shown as the result (on your target pool). When your BTC is depleted, you received shares (hashes) on your targeting pool, which you turn into profit. Mining bitcoins by buying hashing power on NiceHash (or other renting services) is stupid thing to do, because you will always end up with deficit. But.. due to market-nature of NiceHash, you may sometimes catch a chance to buy hashing power for lower price than what bitcoin mining gives you. I suggest you to monitor "Low renting price" on NiceHash and WestHash. As soon as this number is below bitcoin profitability, it is worth to mine bitcoins with hash power bought at NiceHash/WestHash.

For example, low renting price on WestHash is this current moment: 0.0182 BTC/TH/Day

And with bitcoin mining, you get 0.02109 BTC/TH/Day

If you buy hashing power, you will make profit. If you buy 1 TH and let it run for 1 day (considering that you actually get 1TH and it is running whole day at 1TH), you will make profit 0.02109 - 0.0182 = 0.00289 BTC in 1 day (not considering pool fees). If you rent 100 TH instead of 1 TH, then your profit multiplies by 100, which means you profit 0.289 BTC in 1 day. Of course, this is under condition, that you actually get this hashing power, if someone outbids you and "takes" hashing power away from you, because he is bidding more than you, then of course, your profit decreases. But, as long as you don't set too high price, you cannot end up with deficit. With other cloud mining services, you may always end up with deficit, spending more money than investing into. But not with NiceHash, if you play it smart enough.

Any logical explanation of WHY supported by figures and I'd be interested. Please mention why that would perform better than cex.io too, because at cex.io I can sell out the bought hash power.

If I were you I would not buy a Gh/s for .0026 BTC for one year.  The going rate goes down almost every week.  I would rent rigs at Westhash for shorter periods.  Like a week at a time. Just my $.02.

I'm still awaiting a response to my query...

You didn't answer the question. Who (or what) is forcing the miners to use NH/WH?

By saying that the prices could be higher you're implying that there is profit elsewhere. Why do the miners use NH/WH instead of those more profitable places?

You're also implying that adding some kind of regulation - restrictions on bots or whatever - would somehow increase the prices. How? What is preventing a buyer from placing a higher-priced order right now?

The prices would be higher if there weren't bots pushing actual buyers out of the market so a couple people can profit from artificially lower prices. THATS NOT A NORMAL MARKET! And no, I have miners, but they don't mine on NH as it's a graveyard for miners as I already mentioned. I spent the weekend buying x15 mining power and aiming it at Halcyon. I'm still going to point out how the system is being exploited and what's happening regardless. I don't run a bot.


Actually considered that... But the way NH is setup... You actually have no idea how the prices are computed between Westhash, NH, and the orders... There is a lot of room for fudging the numbers and the hashing power. It's entirely possible for NH to be skimming a good chunk off the top and no one would know as it's obfuscated. If they were manipulating things, it wouldn't be in the orders window.


Grow up dude and learn how to do critical thinking.


That's not entirely true. The market is driven by demand. If people don't make a demand because every time they do, they're shut out of the market by a automated system (bots), the price will drop to absolutely nothing, as did this last weekend.

I actually see NH as a good thing in a way as it will force a lot of miners to shut down as they'll soak themselves in ice water that is NH getting a trickle income of BTC and then slit their wrists on their power bill (even though there are other profitable options out there).

However we don't need bots completely destroying what's left of the market.

I more or less got screwed-ish because Vertcoin dropped in value by 83%. It wasn't a flawed calculation. Then again, I'm not complaining about NH/WH rates either...

Sounds like a free market being its unregulated self.