Topic: [ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool - page 247. (Read 794394 times)

congrats for ruining a great system , good job with your westcrap site...

No, we are not sending hash power across the Atlantic - this was the main idea - to make a geographically separated instance. Hash power from providers which are connected to WestHash stratum is directly routed to orders on WestHash (I'm sure buyers are smart enough to setup pools, located in US for orders on WestHash).

To make things clear: payments are unified across sites on weighted average price.

Example:
WestHash current average price for Scrypt = 0.40 @ 3 Ghs
NiceHash current average price for Scrypt = 0.42 @ 17 Ghs
Unified price = (0.40 @ 3 Ghs) + (0.42 @ 17 Ghs) / 20 = 0,417

As you can see the prices are only marginally affected by the weighted average. If you will follow price in longer period you'll see that in some intervals price is affected in plus, in some intervals price is affected in minus, again, in medium-term we are converging to the same average price as we would only run one instance (only NiceHash, for example) - lesson learned - buyers are smart - as they always were - will pay just as much as is needed weather there is 1, 2 or 100 renting sites (and pays really high when opportunity with coins are good and not so high when there are less interesting coins). Nevertheless, both providers and buyers profits from two locations by producing less rejects and less stale shares which gives better efficiency and at the end of the day better profits!


Hmmm, we wish that "making 2 sites really killed the price" ... we would shut down WestHash instantly if this was the case Unfortunately the reason for currently low prices is that there aren't any very attractive altcoins on the market ... but we've seen this multiple times in the past - rest assured, soon there will be a bump, just take a look at the past statistics Remember - NiceHash/WestHash will guarantee you a peace of mind with good profits in the middle and long term when selling hash power / mining at NiceHash and WestHash.

Thanks for using NiceHash!

Does this mean you are sending hash power across the atlantic?  Buyers will not like this, the numbers of stales will increase if you must send it half way around the planet before you can sell it. Please keep the two markets entirely separate.

Getting those invalid SHA shares from my Antminer S2 again - but only on westhash ... if I update the config and just replace "west" with "nice" shares are happily accepted ...

current payout isn't worth it...might as well be on ltc mining switched to coinshift for now...telling ya, making 2 sites really killed the price

Well, I hope the new synchronized pricing structure works but unless more orders start moving to WestHash I fear there will be issues.  Still think my idea for servicing buyers from both end points could work better as it will combat the inertia of people tending to stay with the legacy site instead of spreading out across both sites. 

I've moved one of my systems over to WestHash for the next couple of days just to see how it works.  We'll see if it is worth while.

Good luck.

Hmm, this new combined payouts scheme is off to a rough start. Hopefully we'll start seeing fuller orderbooks on WestHash soon; for now I've switched my miners so that they don't connect to any of the less popular algos on WestHash (despite it being better geographically) to avoid getting stuck filling terrible/no orders.

I got 2 S1. I'm able to connect one but they other one inly get rejected share. Any idea why?

Can you help? THanks

We don't control prices, but what can happen is following; because miners are switching to US now, more orders on WestHash may not follow up, thus miners are starting to fill really low paying orders (0.01) and that is dragging overall mining price down. But we will see, maybe orders will be kept in balance and no such thing will happen, which is good.

OK, now I'll try pointing my miners over to WestHash (being that I'm in the US).  If the payouts are comparable over a couple of days then I can stay there.  Good news is that my switching program won't have to monitor separate API points for NiceHash and WestHash as they should always report the same value.

So you want lower prices? That's good for buyers but sucks for miners...might give the new payout one more day but if it doesn't pickup I'll go elsewhere

I've done that. I cloned the git repo:

https://github.com/sgminer-dev/sgminer/tree/v5_0

I compiled it by myself. So I don't think it's the software. So - why my miners are sitting idle? Should I provide to you the btc address they're hashing for or my IP?

Or a screenshot or some kind of log?

to nicehash
how about i want 2gig hash speed for what ever time .02 btc will buy like buying from miners  i did that and only got 130 mh speed
should be how much hash speed do i want ..2gig...how much you have to pay...02btc...ok that will get you 2.4hrs  period im otta here  

We are looking for someone to make YOUTUBE guide on how to use NiceHash.com as buyer.

What you should have:
- this is an advertising tutorial/howto, therefore you have to be able to express the easiness of use and excellence of the service during the video;
- excellent English speaking abilities (native or near-native English speaking);
- experiences with mining (knowing how to use pools);
- optional: experiences with trading (did some coin trades and earned some BTC);
- familiar with our service, preferably has used it before as a hashing power buyer.

More details for the job here: https://bitcointalksearch.org/topic/closed-looking-for-someone-to-make-youtube-guide-on-how-to-use-nicehashcom-737288

sgminer v5 is still tagged as 4.2 - this will change when sgminer-dev team will officially releases v5 version. Try official sgminer builds, you can find them here: https://nicehash.com/software

Price for hashing power is now unified across NiceHash and WestHash. You will be paid same now, regardless if you mine on NiceHash or WestHash.

Buyers: nothing has changed for you. You may want to scout out for prices now even more, because there will be more hashing power available on WestHash and you may get some great deals of super low priced hashing power on WestHash (check Low Renting Price column).

can you make a video tutorial for newbie on how to buy hashes? or how it works?
becaus elike me im verymuch interested to buy but because of language barrier i am afraid to make a mistake in buying hash.

Thank You

I rent 10+ GPU boxes for X11/X13/X15/NIST5 algos. But over two days, many boxes were sitting idle, reporting there is no more work available at pool. After I reset sgminer v5, the box happily crunches X11 hashes again.

It seems some sort of DDOS protection blocks the connection.

So what's up?

SGminers version:
sgminer 4.2.2-283-g3ddff

REMARK: I assume I should be having v5 written somewhere. But there is no v5 written... Am I using the right version of sgminer?

I concur, my four daily payments that are always over .001 happen like clockwork.

i would like to rent on nicehash.. but seems impossible for two hours now..
with my local miner i can connect to the pools..