Topic: [ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool - page 246. (Read 794394 times)

On the SHA-256 side I have never made as much as the calc have said i should except on Nicehash.  Thanks Nicehash!

this is how you set your prices as a seller.

https://www.nicehash.com/?p=faq#faqs4

Just use pool fail over and the sellers can easily control the price. If you want more and you all set the price high enough then it will move.  It would have to be a coordinated effort.

I suggest we don't sell unless the price on SHA-256 is .03/Thash

;-)

Fahlcor

Thank you very much guys 

Simply because on top of you, there are 2 unlimited orders, so they will get served with unlimited power before you are.

Why there is order with hashing power below yours? Because it was there for longer time already and accrued hashing power before your order and other unlimited orders appeared.

Please read this thoroughly: https://www.nicehash.com/?p=faq#faqb1

Hi, I hope some mods or devs from nicehash.com can help me with that. I'd like to know how miners are distributed among the renting offers because I notice here that I have 0 miners (after 15 mins wait) and some offers lower than me have 10Gh/s.

Why are the miners from the 10Gh/s not transfer to me considering I offer more.

Pic related ---->  

camsarria, thanks for your thoughts, user's feedback is always appreciated. However, to be clear, we will never ever regulate prices on Nice/WestHash. Regulation always makes someone unhappy and is thus unacceptable for us. Also, NiceHash is all about crypto currencies and Bitcoins ... and well, we believe Bitcoin is all about free market, free will and free decisions. We made Nice/WestHash systems flexible for both providers and buyers (API, price parameter, see FAQ). We will try to continuously improve our system, making it attractive and profitable for both buyers and providers - but we have no plans in regulate/manipulate/affect our hash power prices what so ever - we want Nice/WestHash system to stay open and hopefully still profitable for everyone.


Again, because of the nature of our system this can not be done. If a miner is, for example, from Russia, he can't just choose between Nice or WestHash - he has to use NiceHash because by using WestHash he would have to much rejects and produce stale shares for buyers on WestHash - and to make system fair for everyone using Nice or West, we have to keep providers prices the same on both systems - making a fair system for all users regardless of their location.

So, fingers crossed for the altcoins market to stay dynamic and healthy - this will ensure good profits for all of us - providers, buyers and ourselves.

Thanks for using NiceHash & WestHash!

ok, time to move my hashing power away from NH atm , it was nice while it lasted

A lot of people (myself included) already have automated setups that compare profitability between NiceHash and multipools and switch between them depending on where the money is. There have always been and will always be discrepancies between what people are willing to pay for mining and what mining actually gets you at any given time; this is nothing new.

As a side note, I personally also liked WestHash operating as an entirely separate market from NiceHash for the same reason: there would often be discrepancies between the two sites which created opportunity for profit.

Um, yep, this is why price thresholds are supported in the password field ... I was using them back when NH was more profitable than my multipool of choice, and I continue to use them today ... I update my threshold every day based on the rolling average previous 1/3/10 days of the multipool - if NH can do better, I mine here, if it can't, I mine there, fully automatic, no need to pay attention to where my hashes are going, nor to come here and complain about things ... I hash for whomever I expect will pay the best, and the money shows up in my wallet at the end of the day ... perhaps more people should give it a try so they have a little less to get stressed over and complain about ...

If you set a limit and buyers can't make money they won't place orders and will go to other places that don't have regulation. No orders = site dead. I don't think you need any guarantees, you just don't sell your hashrate if you don't like the price. "Soft regulation", "cartelisation", "trampled by the market"? Last time I heard those was 25 years ago. Good times.

Soft regulation never hurted anyone, by the contrary, it sets limits so the market doesn't trample you.

Anyway, help me understand how setting a limit on the minimum order price would hurt the nicehash system.

And by the way, what guarantee do we sellers have that buyers aren't manipulating the order price thru cartelisation? A minimum limit would ensure we sellers aren't trampled by the market.

Best Regards

Camsarria

 

Not really. It's basic demand and supply, there is no need to mess with it. If providers feel they are underpaid then supply will decrease and if there is still demand then prices will rise. Which brings providers back. If you try to "regulate" it by setting minimum price or anything like that guess what will happen.

I totally agree with you...

Profit on nicehash has been less then other multipool in the last few days

I used nicehash for the last 2 months selling my hash power, and the reason for that is because it was more profitable then other multipools, and last 2 weeks that changed.

I see Buyers paying less and less and sellers receiving accordingly.

What happens is, mining here is becoming less profitable then mining in a multipool.

If i win the same here then on a multipool i will rather use the multipool, as i refuse to recieve sqwat so a buyer can mine with my hash power and get more profit.

Eventually sellers will realize this, remove their selling power untill its no longer profitable for buyers to pay nicehash to get decent hash power, and this will cause a serious issue to your service.

To sellers, its not my job to tell you what you do, as im nothing more then a speck of dust in the comunity (my first post btw)  but i personally think that if we are going in a way where we are turned from happy providers to exploited providers so others profit at our expenses i for once will post my dismay here and will configure my nicehash settings so my miner only works here if Buyers pay more then 0.60, otherwize my miner will mine on a multipool, i strongly urge others to do the same action and send a clear statement to Buyers and Nicehash that Sellers are the base of this business - no sellers - no hash - no buyers . no nicehash, and we should be payed better then this. 

To Buyers, heck i got nothing against buyers, you only try to get as maximum profit as possible , greed is understandable, and you are a crucial part of the system but bear in mind that buyers make orders that are served by sellers, if you pay sellers decently you actually get more sellers on and more hash power for you, and more profit - suffocate the sellers, and they will leave, you pay less but you actually get less hash and profit less.

To NiceHash, Maybe you should set a specific limit where the price can be dropped? its your site, your business but understand that extremelly cheap orders will drive away miners, you will get less miners being payed, charge less fee's in their wage and profit less yourselves. This system needs some regulation so that everyone is happy and everyone gets their share of profit.

So this is my 2 cents on this matter, a little common sense can make this system great.

My apologies for eventual typos, english is not my prime language.

Best Regards to nicehash and everyone that is part of the comunity

Camsarria

You don't receive mining results on the website wallet (you only make an account to buy miners), it goes to your miner username. You use a bitcoin address as username, where the funds will be sent. You can use even an exchange deposit address (if the exchange allows those small transactions).

It's best that you mine to your own wallet. Sites sometimes go down. Other people sometimes teal other people's money. Why would you risk this?

What is your miner username?

http://startbitcoin.com/

i mean,that on their website what wallet need to setup? .... i mined few hours and without result on their web wallet...without any coins...

i doubt he knows what he's doing ...

Yes, grab a piece of paper then go to bitaddress.org.

Why would you mine to an address you are supposed to buy ... mining power with...

Do you need to spend the money immediately? Where? Do you need to store it? Then why not use your own bitcoin client?

what mean this?

Do NOT mine into this address directly! Mining payments to this address will be ignored!


i have to setup own BTC wallet,not their?


thx