Topic: [ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool - page 239. (Read 794394 times)

The plot thickens... 

So let me recap. There are two conspiracies going on at the same time. One is to put miners out of business by lowering prices. The other one is to put off "genuine customers" by increasing prices. Mind boggles.

What is going on at westhash? Cant even get stable hashing for an hour consistently. Price went from 0.4 to 0.47 in 2 hours. 0.47BTC/Gh/day. Really??What coin are they mining to be so profitable after paying this price? I'd also like to know.
Somebody is playing. I was paying .4BTC/GH/day but now I withdrew everything from there. It's really a bad game being played there. Putting off genuine customers like me

People are yelling, screaming, crying, and whining because either they feel entitled to something that they are not, or they employed flawed ROI calculations when originally making their decisions to purchase mining hardware -- most likely by assuming a fixed fiat value of daily earning potential at acquisition and erroneously applying it as a constant in their break even and profitability calculations (or failing to account for the possibility of its rapid decline).  And rather than blame themselves for being in trouble on their investments, they want someone else --anyone else, to blame for their poor current situation.  If westhash never came into existence, they would be blaming some other demon right now.  [It has been mildly amusing though, so by all means please keep it up.]

Btw I don't get why everybody is crying here because of low hashing power prices...these prices are directly linked to coin mining profitability. And check the coin profitability charts now. THIS is the reason of crappy prices. The sinking altcoin market full of scams and pump'n'dump projects.

I am a miner and I had to shutdown 14 AMD cards last month because of this. But I don't blame NH.

Litecoin mining profitability is atm 0.38409727 BTC / GH / day, Nicehash is currently paying 0.3922 BTC/GH/Day for scrypt to its miners. Highest running order is 0.42. Why would anyone pay more than that and lose money?

Also miners are not forced to mine on NH, they can setup the minimum price a mine elsewhere in times where they are not satisfied with current price. This is self-regulating environment.

Also arbitrage bots can drive the price higher in case the average price on NH drops considerably below coin mining profitability. But this is not the case here.

I think prices on nicehash are completely realistic and in order with current shitcoin market situation.

Man up and stop crying! I hope you complain to coin exchanges and stock markets the same way.

I agree with this one too, since westhash was launched, only bad days on NH, i dont get it why owners ignores all our messages

stop taking orders on WEST !!! make it just a alternative server !!! your prices are kicking us, the sellers, away !!!

why you drag our prices down with your crap west hash ?
the sollution is very simple, merge them togheter, just use nicehash for orders and mining also.
westhash should be just a gateway.

All of a sudden (the last week or so), I've been getting a lot of "pool difficulty is too low" errors when trying to rent hashpower. Is there a way to fix that?

2% of 100 is 2
2% of 10 is 0.2
if you get ten payments of 10 the total is again 2.

Either way the fee you pay is the same. So, it's not fucking rape.

same on scrypt, when prices goes up, suddenly someone makes a low order and put prices down ...

X15 price go down very fast   

0.6 to 0.02 the days before avg on 0.3

What happened 

I noticed that u skipped the PBmining part. Not sure why. They sell hashes. I just got to know about another... BitcoinCloudServices.com. They are giving 1 GH/s @ 0.0026 BTC for 5 years. PBmining offer is also for 5 years. So, to get 1 GH/s for 5 years from NiceHash.com, what it would cost ?

p.s. I am mentioning the time period because u asked for it. If u dont offer contract for 5 years, then please let me know the longest term of your deal.

Who is forcing the miners to gather and be executed? If you can profit elsewhere that's what you should do. Let me guess - you like the convenience of NiceHash but would also like the prices to be higher.

stop taking orders on WEST !!! make it just a alternative server !!! your prices are kicking us, the sellers, away !!!

Multipools can't be manipualted the way NH is being manipulated right now. They're two completely different things. Exchange API bots are here to stay, unfortunately, NH however is the only game that does what they do with the supported algos. This would be better if they were a multipool.

NH can stop this. Don't act like they can't. There aren't a dozen or so NH's floating around with the same amount of hashing power. NH is the only game in town and hashing power is a finite resource. It's all starting to pool here, if you don't kill off arbitrage the miners will go under as they'll push the prices down to power break even/shutdown for miners. Then no one wins, except the 2-3 people running arbitrage bots on NH right now.


You're already interfering with the market by allowing arbitrage bots into miner territory! Miners could actually profit off protocols, now you're gathering them all up and executing them. This isn't 'organic' and this sort of market didn't even exist before NH showed up. This isn't the same as rental pools such as MMR. MMR doesn't allow automated rentals and doesn't just feed out hashrate to bots.

Allowing a handful of people to complete rape the market is like willfully trying to destroy it and don't pretend this is natural and orderly. This didn't even exist up till recently and you're allowing them to manipulate your system to further destroy the market.

I don't understand where the lack of interference comes from either. I didn't say NH should be shut down, but BOTS, non-human entities that automatically push humans out of the market should be eliminated. You have all these rules setup when people setup their orders to try to make the system seem 'fair', you even talk about how Westhash exists so we don't get cheated out of a few fraction of hashing power, but then you allow them to completely manipulate, knowingly let them manipulate the market, which completely wrecks the whole thing.

Earlier tonight there were placeholder orders on .2 through .3, where one person was controlling all the hashrate. He'd top up his orders when they were low, so people wouldn't end up underneath. Eventually people simply canceled their orders, the price would drop through all the ranks of his orders as they set them to .05 GH of power, and then the bottom order above the next highest that wasn't them would be set to infinite or a really high number. This was on Nicehash too, Westhash has the same guy completely controlling x15 I mentioned last week.

I think you're confusing regulation for blatant exploitation of miners and buyers by automated entities. How is making a human set up orders regulating the market anyway? That's the way it's done in the first place. Making a penalty for people trying to cancel orders also encourage people to ride things out. Disallowing people from changing their hashrate prevents placeholder orders which are being used to push people out of the market (which otherwise would increase prices). There is even a bit about placeholders in the FAQ, yet it's broken and placeholders still exist.

I like StuffOfInterest's suggestion to provide a t= password parameter, or maybe some other means to indicate how often payouts happen. You could certainly keep the minimum at 0.001 once a day or 0.01 3x a day (I do support an increase, but I'm in the sub 0.01 a day category), but allow users to specify higher values than the minimums to reduce frequency of payout if desired, and reducing dust.

My understanding is that currently, a 2% fee is charged, but no withdrawl charge (as these are done automatically). Perhaps lowering the 2% fee a tad, and introducing a withdrawl/payout fee would encourage miners to use reduce payout frequency through whatever means choose to put in place.

why not let us choose when to withdrawl ?

Depends for what time. At cex.io you buy virtual hashing device (not only hashing power) and is yours until you sell it. Here, you buy only hashing power, and not device.


As explained several times before already, we will not interfere with market in any kind.


We don't think majority would be happy with this. Other multipools pay out daily balances over 0.001.