See if this is this simple in the way that it would be and it would provide a disgusting amount of money for anyone that is able to capitalize on this, at least for a short amount of time for a correction to happen so that people won't allow it to happen anymore.
Though, with the amount of money that could be made I wouldn't even doubt that this is something that is already done on Nicehash by tons of bots in order to make some really rich guys even richer.
But when you think about it, you can't really estimate the amount of hash power that is actually finding blocks is going to be a different story. Wouldn't profitability be something that would be chanigng by the millisecond and it could make the Nicehash power worthless at any point when you already have the contract done.
It seems simple, but it has many variable and probably would end up being saturated once used.
Topic: How to automate this simple feature in nicehash (Read 400 times)
I am thinking of making a simple bot in nicehash.
Basically I will check profitability of some algorithm.
Say nicehash is selling an algorithm for price 1 btc
Say I can make 1.2 btc.
Say latter price drop to 1 btc.
Well, I want a treshold, say 1.1 btc where I will simply stop bidding.
The nicehash bot is nice enough if the algorithm price do not change.
However, if the algorithm price do change, whether up and down, I cannot automatically adjust bid based on that change.
Is there a nicehash API that will always set my price to some number.
If they do not have API I can just automate their web interface but c'mon.
Basically I will check profitability of some algorithm.
Say nicehash is selling an algorithm for price 1 btc
Say I can make 1.2 btc.
Say latter price drop to 1 btc.
Well, I want a treshold, say 1.1 btc where I will simply stop bidding.
The nicehash bot is nice enough if the algorithm price do not change.
However, if the algorithm price do change, whether up and down, I cannot automatically adjust bid based on that change.
Is there a nicehash API that will always set my price to some number.
If they do not have API I can just automate their web interface but c'mon.
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