nice hash reduces buyers fees | Bitcointalksearch.org

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

here are two order placed today. two pools bravo-mining mmpool

both cancelled by them = nice hash

2 cancelled today

5 of my last 9 cancelled by them (nice hash))

that is 0.0005 btc which is now about 2 bucks

they constantly cancel your orders and steal the nonrefundable 0.0001

I bet they cancelled 10,000 orders this month alone

my cancel rate by them is over 20% when it was 0.0001 and btc was 200 bucks it was only 2 cents

now it is 40 cents a pop and they are doing the canceling not me.

I just did another order lets see what happens to it.

Thetaj

full member

Activity: 402

Merit: 116

Nicehash is the Bitmain of Altcoin mining. But instead of ramming just the miners in the rear, they also somehow managed to convince traders to bend over as well. I mined with Nicehash for a while and I can say with certainty that the ONLY reason to mine with nicehash (barring irreparable brain damage) is when there are idiots paying Nicehash MORE than to pay you! Which ofcourse is an exercise in disbelief but hey, money's money.

Apart from that, the fees are huge, and you get screwed over alot more than you should.

coinzoid

sr. member

Activity: 476

Merit: 250

If they are cancelling your orders themselves, then they should not ask for fees. Instead, they should refund full order amount. I have not used nicehash but, if this is how they work, I think they should review the policy for orders/cancellations.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

They raised fees.

Example

0.005 smallest you can spend. Has a non refundable charge of .0001

Before

The lowest play

Was. 0.010 with a non refundable charge of .0001

Now that is two percent

Before it was one percent

Worse yet when they kill off an order you lose that 0.0001

So now if you lower to 0.005. You can do two orders. Costing you .0002

Rather then 0.0001

So last month I had 0.0014 in cancelled orders not by me by them.

So if I double my orders. By doing .005 buys

I would lose .0028 my opinion is they are really doing people wrong on the placeholder cancels.

14 in 1 month is a lot.

I did 110 orders so a 12 percent cancel rate for placeholder orders is a lot of money

Granted maybe other have lower rates of placeholder orders cancelled .

sil2222

full member

Activity: 144

Merit: 100

Buyers: reduced deposit fees and decreased minimal amount to place and refill orders
2017-08-08

https://new.nicehash.com/news/196

Topic: nice hash reduces buyers fees (Read 649 times)