Topic: Mining with Nicehash, is it good? (Read 3045 times)
Nicehash is very good for newbies who can't configure rigs themselves, nicehash makes things easier for miners without much needed than wallet address to withdraw in BTC but standalone miners like LOL miner or other can give more Hashrates than what you can get on nicehash, that's why it's a must to learn how to configure pools and direct your miners to the pools yourself
Nicehash readjust algorithms itself when one is more profitable than the other, assuming you are mining Zcash today because it's the most profitable another coin might lead over Zcash as the most profitable tomorrow, this is normal and nicehash will switch itself to the new coin algorithm and continue mining, you are still going to get paid in BTC anyway.
Hi guys..
I'm thinking about it, with my Asic some people telling me if I run nicehash256asicboost on hiveos I'll destroy my Asic...it could happen?
I'm thinking about it, with my Asic some people telling me if I run nicehash256asicboost on hiveos I'll destroy my Asic...it could happen?
Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
Isn't $5-10/month very very low?
Maybe for one card it is, but for people who do mining at a professional level and they maybe have 25 rigs with 6 GPU each then it is not very very low 150x10 is 1500 dollars more for a month. So everything in life is relative, it depends from the point of view you look at it.
No what I meant is $5-10 /month/gpu is pretty low. I've used to know some people who can set up their GPUs to earn a lot higher than that.
If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.
That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.
And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.
If I were to mine bitcoins, I would just keep them as BTC as there is really good potential in btc that could surpass that 25%/year
promised interest of that DMD diamond whatever it is. Though it looks like something good to look into.
Bought DMD quite a while ago, still today higher rate per DMD in BTC than when I bought, so still profit. And then 25% interest, I'll consider selling part in a week or 2, but this is an interesting one to move some dust into DMD.
Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
Isn't $5-10/month very very low?
Maybe for one card it is, but for people who do mining at a professional level and they maybe have 25 rigs with 6 GPU each then it is not very very low 150x10 is 1500 dollars more for a month. So everything in life is relative, it depends from the point of view you look at it.
Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.
Isn't $5-10/month very very low?
If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.
That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.
And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.
If I were to mine bitcoins, I would just keep them as BTC as there is really good potential in btc that could surpass that 25%/year
promised interest of that DMD diamond whatever it is. Though it looks like something good to look into.
If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.
That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.
And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.
I would say nowadays it isn't worth mining unless you are doing it by yourself and you have low electricity cost. Regardless of the prices of bitcoins or whatever, the problem is when it does go up so will the number of miners that will come out. Meaning the chances of your or your pool getting bitcoins will go down or that it will be divided with more people mining in the same pool.
Not that much into GPU mining or Cloud mining but does it really matter? I have read many times that these type of mining are now out dated and they does not generate as much profit as of your investment. However, GPU could be profitable little enough but won’t be good in next year or so. If nice hash can cop up with the hashing rate and provides perfect algorithm then why no, anyone can prefer it. But my mind say, what its GPU, will it be worth it?
Yup nicehash is good option to choose from current list of online mining pool providers. Nicehash automatically sets up all the things that is algorithm for the best profitability is chosen automatically depending upon your graphics specifications or the hardware that you have connected to it. Zcash with 1050 TI is always great to mine and anyway benchmarking will be done automatically so you just start mining with it. :-) If you already started mining then there will have a display which will forecast your revenue which will be generated in a day.
Rx480's gpu cards are very rare now, try to look for some other newly released cards that can give higher mHs.
Nicehash is a good direct bitcoins paying mining place.
But if you want to try claymore, try to research it.
Mmm, would a 580 would still be useful? or should i look into Nvidia, straight to a 1080(non Ti, quite expensive), from nicehash profit calculator, i saw it would give me around 2usd per day a 480-580 and 2.15 a 1080, and i can get a 580 for a little more than half of 1080s price miningEth, but Nvidias do better mining Equihash in Nicehash.Nicehash is a good direct bitcoins paying mining place.
But if you want to try claymore, try to research it.
Nicehash seems, nice but i guess since bitcoin price is going up, i am mining less amount of equihash, which, i get the same in usd, but it takes longer to get 0.01 to get paid from Nicehash...(now it says october) if i would mine directly Equihash i guess(which is 95% of what i am currently mining, or Lbry if i use Nicehash 2 beta), i might store and choose when to sell currencies, to get better profit, but it would be better to add more cards to mine better.
How many 580's do you plan to start? If you will only going to mine with a certain gpu or only one.
It will totally useless, but you can have some hybrid 1080's, 1080ti depending on your budget.
Well that's mining always risky, more cards higher hash, more profit.
So only 3? I guess it will not be worth it because it will consume a lot of electricty.
And the return for the profit isn't that big, because it's like this. More gpu = more profit.
While lesser gpu = less income.
What this website gives you the ability to do is to mine different coins, but they have your payout coin be the coin of your choice. In other words, you can mine whatever and get paid in Doge or whatever other coin. I do find one drawback to their website, if you mine and get a balance of a coin that is not very popular it may take a long time, like a week, to get that coin paid out to you.
This really would be true of other websites did the same thing because quite simply if there isn't any mining being done on the blockchain then that coin can't move forward transactions with any speed. One other drawback, sorry, is that if you are renting mining speed from another source sometimes they have trouble connecting to the website. However it is much simpler, and you might find it a little easier to use.
NiceHash, the most advanced crypto currency cloud mining, hash rental service and multipool. We offer you to buy or sell hashing power without ... This is what nice hash is all about.
Nicehash is just a hash power renting services, you buy and decide where to send your hash power, i support other people that nicehash is a good and legit services.
Nicehash is just a hash power renting services, you buy and decide where to send your hash power, i support other people that nicehash is a good and legit services.
What this website gives you the ability to do is to mine different coins, but they have your payout coin be the coin of your choice. In other words, you can mine whatever and get paid in Doge or whatever other coin. I do find one drawback to their website, if you mine and get a balance of a coin that is not very popular it may take a long time, like a week, to get that coin paid out to you.
I have nothing against nicehash , but I did find it a little confusing simply because there are so many things being done at the same time. I do want to suggest a website that is easier. I am not an advocate for this website and I've only used it three or four times over the course of five years. It is called prohashing.
No it isn't I've tried it and here's my experience :
I tried mining xmr in starting with 0.08 btc i had the lowest rates so my money lasted for a day. I earned 5 xmr which wasn't bad because the price was 0.018 around that time. I sold all and made a quick profit.
Second experience is probably the worst one i decided to select slushpool and they shared rewards with the most hashrate i had a good hash rate but during my period it took 6 hours to find a block and i got 0.08 zcash while i had spent 0.1 btc.
I had a good and bad experience with it.
I tried mining xmr in starting with 0.08 btc i had the lowest rates so my money lasted for a day. I earned 5 xmr which wasn't bad because the price was 0.018 around that time. I sold all and made a quick profit.
Second experience is probably the worst one i decided to select slushpool and they shared rewards with the most hashrate i had a good hash rate but during my period it took 6 hours to find a block and i got 0.08 zcash while i had spent 0.1 btc.
I had a good and bad experience with it.
Rx480's gpu cards are very rare now, try to look for some other newly released cards that can give higher mHs.
Nicehash is a good direct bitcoins paying mining place.
But if you want to try claymore, try to research it.
Mmm, would a 580 would still be useful? or should i look into Nvidia, straight to a 1080(non Ti, quite expensive), from nicehash profit calculator, i saw it would give me around 2usd per day a 480-580 and 2.15 a 1080, and i can get a 580 for a little more than half of 1080s price miningEth, but Nvidias do better mining Equihash in Nicehash.Nicehash is a good direct bitcoins paying mining place.
But if you want to try claymore, try to research it.
Nicehash seems, nice but i guess since bitcoin price is going up, i am mining less amount of equihash, which, i get the same in usd, but it takes longer to get 0.01 to get paid from Nicehash...(now it says october) if i would mine directly Equihash i guess(which is 95% of what i am currently mining, or Lbry if i use Nicehash 2 beta), i might store and choose when to sell currencies, to get better profit, but it would be better to add more cards to mine better.
How many 580's do you plan to start? If you will only going to mine with a certain gpu or only one.
It will totally useless, but you can have some hybrid 1080's, 1080ti depending on your budget.
Well that's mining always risky, more cards higher hash, more profit.
Now it is a gamble to start investing into graphic cards knowing that their profitability is going down everyday. You can do so if you want to collect and hold bitcoins and this is a nice way to start, maybe in the longer run the price will be up and you can be in profit. Nicehash is very good for this option so no need to change if you want to collect and hold your bitcoins.
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