Nicehash is for advanced stuff from what i have learned.
Solo mining to local pool when difficulty is low...
New coin released.
And so...
You got lucky. Good for you.
Topic: My first run with NiceHash/Mining Pool Hub (Read 667 times)
It is because of the price change. If the price went down 5% you would not have got your ROI or 0.04 bitcoin back. In Ethereum and every altcoin there is this possibility and is considered a gamble this kind of buy. Best is to mine with your equipment if you have, graphic cards and a good PC for mining, having multi GPU running on it.
I'm now using standard price orders. My last run was a 10% profit.
Have you been mining for how long?
Bought 0.04 BTC worth of 5 GH/s hashing power mining ETH on Mining Pool Hub. The run took about 5.5 hours and at the end I cashed out 0.043 BTC, about a 7.6% profit. During the run the price of ETH went up around 5%. Is most of my profit a result of that price increase? What would have happened had the price dropped 5% instead of rising 5%?
Maybe it's because of the price change, just watch for a while longer, I read a statement in MINING POOL HUB:
"- Upgrading DB server. Website would be slow than usual and may not show hashrate correctly. Mining is well working.
- About bitcoin fork
Bitcoin withdrawal, auto exchange to bitcoin will be paused at 31 July 12:00 UTC and will be re-enabled when both network operation is stable and safe from replay attack.
Equivalent Bitcoin-cash balance will be credited to all bitcoin holders. Bitcoin-cash pool will be ran for payout only and will be closed about a month later.
- Influx, Crevacoin, Checkcoin, Ufocoin, Digitalcoin, Phoenixcoin, Smartcoin, Adzcoin will be delisted at 29 July"
https://miningpoolhub.com/?page=statistics&action=autoswitches
I would like some tips on MINING POOL HUB, I will send you PM with some questions that I have and would like you to clarify these doubts if it is not a problem
I bought the hash power through NiceHash. Mining Pool Hub is the pool.
I should have been more clear. I paid for the hash power using BTC and I mined ETH. I was wondering if most of my profit came from a change in the price ratio between those two. It was a fixed price order. I'm now using standard price orders. My last run was a 10% profit.
I should have been more clear. I paid for the hash power using BTC and I mined ETH. I was wondering if most of my profit came from a change in the price ratio between those two. It was a fixed price order. I'm now using standard price orders. My last run was a 10% profit.
I dont know why you said nicehash in the title, this site looks like a more nightmarish verison of nicehash. and as for your gain in ETH has anything to do with the actual eth price. that is like saying i spent 10$ on a ticket to the water park. while there i found 10 more dollars. was it because the price of the dollar changed? nope.
Bought 0.04 BTC worth of 5 GH/s hashing power mining ETH on Mining Pool Hub. The run took about 5.5 hours and at the end I cashed out 0.043 BTC, about a 7.6% profit. During the run the price of ETH went up around 5%. Is most of my profit a result of that price increase? What would have happened had the price dropped 5% instead of rising 5%?
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