Also if anyone has any expertise creating bots or programs, Nicehash has always been lucrative, depending on the algo. Currently Keccak is making 25% profit of the hashrate. Meaning they're earning 25% of what you would if you mined directly to a pool. IE there is one person earning $5000 a day. You can figure out who on the pools is using Nicehash based on their fluctuations and based off Nicehash net rate.
That's always been the case though and why Nicehash is where miners go to die. Bot programs siphon their earnings off the top and there only seems to be a handful of people that actually compete for the hashrate. For Keccak I've seen maybe 5-10 unique bot-miners using Nicehash that have been controlling the hashrate, currently there are only two that seem to be getting it all. I've always wondered if it's just Nicehash that does it as they don't seem to try and keep things out of the hands of a couple people and they have the expertise to do it.
Yup, but only on smaller algos. I had bots on nicehash a while ago. It can be also useful if you point your miners at nicehash, you assure yourself a certain payout by setting the price. Nicehash is still useful if you mine a bigger algo like equihash in certain situations : new coins and you feel a bit lazy but still want to profit, and when the price of the alts go down. when the price goes down, lets say you withdraw once a day and sell, if the coin went down 10% you made much more on nicehash.
Still, not too long ago someone on skunk put an order about 5x sigt profit and that lasted a day
