Topic: Is "whattomine.com" owned by Nicehash?? ALwasy on TOP but this scam pays shit (Read 2053 times)

 It's harder to factor in how much you use due to Nicehash switching your hashrate around a lot (and the very short-term losses from that factor).
 They definitely don't have an 8% overall advantage - I'm more inclined to figure that after all costs are taken into account they're lucky if they are even, unless you're running Windows and using their profit-switching software (which make up in part for switching you to more profitable algorithms by costing you MORE outage time in the switching).

Yep, by my calculations mining most altcoins on traditional pools needs to pay on average ~8% higher then Nicehash for it to be at the break even point. Factoring in the personal convenience aspect of being paid directly in BTC isn't even part of that equation. Obviously if you want to mine for long term holding rather then to pay your monthly bills it's a different story.

 When you factor in "pool" AND "exchange" fees, and the transaction fees, you quickly find that Nicehash fees aren't as bad as you first think they are.

Thank you guys for the information.
I didn't know how some things working.

Seconded. NH do rinse you on fees, sure, but if that gets you all riled up then do head off to a pool (1-2%) fee, then setup an online wallet, then convert your alt to BTC (-TX fees) just like nicehash pays you in, and then transfer it to a hardware wallet (-TX fees) see how much better off you are.

You can just mine Litecoin and sell it on an exchange.

And the 4% thing is only if you want to be paid daily to an external wallet; if you mine to a Nicehash wallet and pay out from it once in a while, the actual overall percentage is around 2.6 I think (they have a spreadsheet breakdown of fees on their site). For the difference in what you're paid AND in comparison to mining a coin, paying those fees., then selling for bitcoin on an exchange and paying THOSE fees, the Nicehash fees are pretty reasonable.

Do you know if any other mining server which accepts Litecoin ?

I keep WANTING to switch back over to LinX or LiteCoin (especially LC) because I do think both coins will grow in value eventually, but right now I'm just trying to pay off the cards I used to buy my new GPU rig, and the L3+ is helping for your exact reason, it just keeps earning more daily, and since I'll be cashing it out before too long (and Bitcoin keeps going up in value anyway)...

 My A2 farm has spent 2-3 months straight pointed at Nicehash, as the payouts have consistantly been higher than mining anything else directly on Scrypt - even after factoring in the "loss" of getting switched around frequently by the marketplace and the Nicehash fee structure.

 You having an issue with Nicehash does not make it a scam - and you REFUSING to learn anything about it makes YOU a scam.

For GPU, yes. For ASICS, depends. The L3+ is almost constantly more profitable on Nicehash than anywhere else according to whattomine.

This is a clarification, not a complaint. Nicehash pays out quite well for my L3.

This guy is just suprnova shill Troll.

Nicehash do exactly as advertised. Never had any issues at all with them. The payouts were always within a reasonable margin compared to whattomine and they are almost never on top as it calculates fees too, which are harsh on the small miners.

Thank you QuintLeo for correcting the OP. I was going to type up a lengthy rebuttal, but you did it very nicely. 

What the majority of people don't seem to understand is just like you said - Nicehash is a Marketplace and not a traditional pool, so comparing  to a traditional pool is erroneous at best.

I have two GPU rigs and two ASICS (an S3 and L3+). I have each of them pointed at Nicehash maybe 1/3-1/2 the time, and I always get paid out accurately by Nicehash. Maybe check your settings? Also note that if you set up a Nicehash wallet, you can save on payout fees if you're patient.

 This topic is based on lies.

 Nicehash does NOT "own whattomine".

 Nicehash is NOT "always on top" of the whattomine listings.

 Nicehash DOES NOT charge "50% fees" or anywhere near that.

 Nicehash is NOT a "scam", but as a MARKETPLACE they don't work the same as a standard "pool" and their payout level DOES tend to fluctuate literally on an "every minute" level, sometimes widely.

 Nicehash does NOT have daily earnings dissappear as claimed.

 Nicehash DOES NOT GIVE YOU A BTC ADDRESS WHEN YOU SET UP YOUR ACCOUNT, you have to give THEM a BTC address when you set up your miner and THAT is what sets up the account BTC address.

 
 I have had issues with Nicehash in the past, but I have NEVER seen the sort of issues OP CLAIMS they have had, which makes me wonder what their agenda is and why they are spewing all of these lies.

 I strongly suspect OP is clueless about how Nicehash works and their "missing earnings" is because THEY MESSED UP THEIR MINER SETUP.

i was thinking of mining with nicehash.
I have 3 rigs with 6 Nvidia GTX 1060 6GB each (Total 18 cards)
Im now mining zencash at suprnova because i am trying to save me some zen's to make a secure node.
I see the payouts change every hour on whattomine.
Zencash keeps it stable IMO
Miner runs good with no errors and i get between 0.9-1.2 each day.
Mining with nicehash will take a lot time to create 1BTC.
If i just keep mining zencash and setup secure nodes with my earnngs i think i will earn more.
I think zencash is a really solid project and i think the price will be a lot higher in the future.
I never convert my earnings to fiat. i'd like to wait till the amount of $ gets higher and higher.

I have used NH quite a bit and been paid out quite a bit. Super easy to use.

That being said... I've been doing much better on ZPOOL using a bigger variety of Algos with auto switching. But it wasn't as easy to setup as NH.

And further -- if you have a lot of time on your hands to manually switch things, of course, you have the possibility of doing better than either.

For anyone here calling Nicehash a scammer has either not used it, or do not understand why the payout is slightly lower over selecting your own pools.

They're taking away the headache of needing to constantly switch to profitable coins/pools due to changes in difficulty and price. It just so happens that Nicehash is sometimes more profitable than another coin.

Also, they're paying you directly in bitcoin, something that will be quite a hassle to set up on your own(some exchanges have a minimum amount of withdrawing from them).

We have never run into any issues with them, they're paying out daily without any delays. Withdrawing from their wallet is also done within an hour or so.

I don't know if this is the case anymore, but I can tell you that back when I mined LTC on them, Nicehash did pay out over market - it's because Nicehash isn't like other pools that take a cut of the mining revenue to run their operations.  Nicehash sells the hash on their marketplace, so they get over market for the mined revenue.  Of course, as someone pointed out Nicehash takes ~4% for their fees (which is higher than most pools) - so it needs to overcome that spread.  With LTC (and this was probably 2+ years ago), I would typically make a 1-2% over market mining on them after fees - and occasionally something would happen in terms of demand that would make it spike higher occasionally.  There were other places that did similar things - I primarily mined on some other pool that name escapes me, but they actually were slightly better in terms of consistency so I used them.  There were also places like BetaRigs and MiningRigRentals that let people 'rent' your machine for above market, and when they weren't rented you would just get normal pool rates - and at least MiningRigRentals is around, but I don't know if it's as lucrative as it was.  Both tended to be pretty tricky to get running reliably (years ago, I don't know about today) so I didn't mess with them much.

Nicehash Fee
Payouts for balances less than 0.1 to external BTC wallet (4%)


(4%)  Daily

nicehash hasnt always been top. Last few months eth and monero were the top. However with rising BTC prices, it suddenly became more profitable to mine nicehash.

wow, well wtf did you expect? better profitability with nicehash?? I mean it's so f*cking obvious you can't earn more with nicehash than actually mining 'that' particular coin, no offense but anybody complaining about nicehash being scam is mildly retarded, there is no working calculator in universe that can tell you nicehash is more profitable mining than direct mining, they need to take their share from miners otherwise there's no point of their existence. Use your brain ffs...

I've never used it nor will I ever...it's just wasted profit, pure waste, I'd rather turn the donate button on some pools than nicehash

Nicehash was made to profit from mainly lazy then stupid people...   

p.s. sry for being rude, not canadian

I have not run into any issues with Nicehash not paying out.  I've been mining cryptonight with them for about a week and have been getting payouts each morning to my Nicehash wallet.  I've cashed out once to my own btc wallet from Nicehash, again without any issues.  I will say that whattomine has always projected my earnings to be slightly higher than what they end up being, but this has been true with most coins I've mined and checked my projected profit through whattomine.  I'm guessing this could be from me not having my cards running at optimum levels or whattomine calculating slightly high.

I've used Nicehash back in the day when I had a relatively large LTC mine, and never had any issues with them paying out or anything 'scammy' - now that being said, you can almost always make more money doing some of the steps yourself (like selecting algo to mine, doing the exchange yourself, etc), and they tend to nickle and dime you with fees, which I'm not overly thrilled about.  But on the flipside, they are hands down one of the easiest places to just get up and mine with, and their latest miner is pretty nice.  I've also wondered a bit about why whattomine shows Nicehash on there also - but I suspect it has more to do with the fact that you could conceivably get over market prices due to how their whole selling hash thing works.

Either way, why not put it to the test - and conveniently I have a box I've been playing with lately and I was checking out the latest Nicehash NVIDIA client.  I don't plan to run it probably more than one payout, but let's see how it does over that period of time, and specifically because I kept seeing Nicehash payouts in the whattomine listings.    Anyway, here's the rig:

https://www.nicehash.com/miner/13f2USwBgKWHX62BJ6iGkd7JVhh6UXjzgx

This particular box has 8x GTX 1070's, which right now Nicehash profitability calculator shows as $2.21/day (so $17.68 for the rig).  I'm ignoring power costs because that's not relevant to what they're saying you can make gross anyway.  Right now on whattomine it shows my best option as Hush (HUSH) at $17.91 and Nicehash-NeoScript at $17.41 - so pretty much on point with what they say.  I've been running it since roughly the 14th, and I've had a couple outages during that time when I screwed around with it - but as of today it's showing me making $16.15/day, which is about 10% off from the projections, I also have a couple days where I was testing out a single card on it that's probably skewing it about that long.  The current estimate is a payout on the 24th, so I'll post back on here around that time and we'll see whether I get it (I'd be shocked if I didn't), and how much I actually get.

And as for using a normal bitcoin wallet, all you do is generate a public address with your wallet client and use that instead of their 'virtual wallet' (you set it in the miner software, not on their website), then it just pays out directly to that.  That's what I did when I setup this test.

This topic is about whattomine placing nicehash and nicehash is a scam and scams like nicehash should never be on whattomine.

Nicehash not always was on top of profitability, though the daily profit of Nicehash mining keeps or even exceeds the daily profit when mining a specific chain.
Reason? The hype around new forks - Metaverse (Dagger), Electroneum (Cryptonight), Bitcoin Gold (Equihash), motivates users to rent computational power for mining a chain they deem perspective.
1. If you look to acquire a large amount of a new coin, it will be difficult to purchase the amount you need - there is not enough liquidity on the exchanges that list new forks (Cryptopia, EtherDelta, Yobit, etc). E.g. you'd like to buy 10000 Sumokoin, traded only on Cryptopia @0.00005035 BTC. Placing a market buy order, you will sweep 10000 Sumokoins and pay ~0.7 BTC (not 0.5 BTC as one would think).
2. You can mine the same amount of Sumokoins if you switch a farm of 3,000 GPUs to mine the chain for 24 hours. I bet you don't have access to such a farm.
3. You can place an order at Nicehash, that is a mining hub, connecting individual rig owners to buyers of computational power. You place a buy order for Cryptonight, specify your mining chain, pool, wallet and your job gets in the queue. When someone gets your order, he mines to your wallet. Buyers flood Nicehash, offering slightly higher rates per hashrate than the average miner would earn per day. This case you pay ~0.55 BTC for 10000 Sumokoins.

You are not doing your  bat file correctly. Do you mind zec with. EWbf 3.4?

yes, whatomine reporting nicehash is already wrong cause nicehash is a scam and scams should never be reported as profitable cause is a scam.

In the facts, I think they are both playing it fair.

Some are not, but Nicehash and whattomine, are doing it fair, only gathering information from explorer and interface the maths side of mining.

Profitability / hashrate mostly, wich is a need to understand if you want to mine the most profitable for real.

If nice hash comes upper than all other algo, well, it must be true, but not all the time

Nice hash is having great luck on their own stratum server.



anyway, none of them are adding recent coins, that doesn't have a market yet, or when project attention is to small.
But these are probably your best chance to make mining worth it a lot.

Mining when it's fresh, when diff is low, when value worth nothing, and wait long for them to mature, to actualy reach some good value on markets.

Then it's time to earn your mining profit.



You can base mining on actual profit and direct sell or whatever you want, or mine fresh ones, with project you like to support, and wait for value to grow.

Both ways are profitable, you choose where you put every single gpu chip
thats the rig manager work.

I always wonder like right now for a 6-1060-6 rig NICEhash-equi say's $13/day,

Now I have tried both on zen.suprnova.cc right now if I mine, I get $12, just like they say ( actually I'm getting $18/day today )

But on Nicehash, I get about 0.0001 BTC ( account gimmick per day ), the payout everyday at 5pm, but my 0.001, is never over the 0.0015 they require, so my earnings for that day dissapear, after 'x' days I quit no payout,

They say you can provide your own BTC-ADDRESS where you have the priv-key, but I never see that ( I have spent much time search for this magic choice ), their BTC address they give you when you create an account IS NOT A REAL BTC address its a FAUX accounting key they use,

They also tell U that any money not paid out is flushed to them every 30 days, but I have never managed to get a payout ever, When I google "payouts" everyone say's how great, how they get payous in PAYPAL, and how they can pay their electricity or go the company store at NICEHASH and buy more HW.

NICE HASH IS A FUCKING SCAM

Do they own whattomine.com?

I think so, cuz I know the fees at nicehash at 50% so when whattomine.com shows how much U get paid, that's before fees



WhattoMine.com is feeding bullshit to its users, the NICEHASH is PAID ADVERTISING