Topic: NiceHash is paying 6% more than mining Bitcoin traditionally - page 2. (Read 658 times)
I have made account on Nicehash a long time ago but before 1 year ago my account was banned because I have mined almost 0.1 BTC for free and they do not wamt to give it to the uses for free. And that's the thing that I just do not like about Nicehash. And I was very very tearful about this if they might have given such money and it might help me a lot. And that's why I have not gotten any mining power than is just Cloud.
@willi9974 organizes mining in a fold by organizing mining lotto by renting power from NiceHash and then solo mining on the pool solo.ckpool.org and since 2015, we have managed to find 9 blocks, so it's better to do it together. https://bitcointalksearch.org/topic/bitcoin-mining-lotto-blockparty-2024-5364375
NiceHash is paying 6% more than mining Bitcoin traditionally via a pool. Here is an explanation of how this is possible:
Your blog doesn't mention anything about merge mining. I expect the percentage is quite lower if you consider merge mining (such as Rootstock and Namecoin).
6% is on the SHA256AsicBoost algorithm. Not all algorithms.
The last 3 fun runs on my pool, over the last week, we've paid lower than 101% PPS on all of them, 2 were below 100%
That would make it hard to get 6% more than a pool, unless you assume pools are charging a 5% fee.
No idea of any pool charging 5%, and if they are, no one would be mining there.
Interesting
6.25 / 0.00869565 = 1 in 718.75 chance
So I guess somehow they are paying lower than 100% PPS?
That would also make it impossible for miners to get 6% more than any large PPS pool.
Hmm, interesting.
That would make it hard to get 6% more than a pool, unless you assume pools are charging a 5% fee.
No idea of any pool charging 5%, and if they are, no one would be mining there.
Interesting
Quote
SHA256 hashrate for $200 currently gives a user probability of 1:608
Today at the current price of $23k per BTC, $200 would get you 0.00869565 BTC without paying any fees.6.25 / 0.00869565 = 1 in 718.75 chance
So I guess somehow they are paying lower than 100% PPS?
That would also make it impossible for miners to get 6% more than any large PPS pool.
Hmm, interesting.
Živjo! 
The graphs that show the luck percentage are not necessary accepted shares. They are solutions that were on a way of being a correct solution.
For example, 50% luck means that you "solved" 50% of the job. If the solution to the job equals to 10 zeroes (0000000000), that means that you got 5 of those right (000005ha72). But the required difficulty might need 7 zeroes (00000007sa). That is how a simple way of explaining how the graph displaying percentages is calculated.
The graphs that show the luck percentage are not necessary accepted shares. They are solutions that were on a way of being a correct solution.
For example, 50% luck means that you "solved" 50% of the job. If the solution to the job equals to 10 zeroes (0000000000), that means that you got 5 of those right (000005ha72). But the required difficulty might need 7 zeroes (00000007sa). That is how a simple way of explaining how the graph displaying percentages is calculated.
žívijo @Nicehash 
I appreciate the opportunity to talk with you directly.
I have rented a lot of hashrate from you. I am globaly satisfied of the hashrate marketplace,
I am a little disappointed about Nicehash actualy. Doesn't your Easymining program only serve to artificially inflate the price of rented Eh/s? The hashrate used by Easymining is always rented well above the average price on your site. This increases the auction price no ?
I mean if you rent hashrate to newbies, I agree that you need to take a fee, but to guarantee your Easyminers to have a constant hashrate, you place orders with super expensive price per Eh/s. Not super honest IMO.
Other thing, I bought some Easymining packs to discover what you are proposing. In my previous position I had to analyse the hashrate rental's market. I bought a lot of Easymining because of this. The screen showing your luck, is TOTAL bullshit. Almost every time the screen will show you "you submitted a share of x T difficulty, that's not possible.
Look :
https://imgur.com/vJkStwU
Are you telling me that EVERY time I buy a Gold Easymining 2usd pack I submit a share > 10T ? Do you have some magical power ? Why do you lie to newbies about their luck in mining ? Is your goal to generate addictives behaviors ?
I wish you a good day
I appreciate the opportunity to talk with you directly.
I have rented a lot of hashrate from you. I am globaly satisfied of the hashrate marketplace,
I am a little disappointed about Nicehash actualy. Doesn't your Easymining program only serve to artificially inflate the price of rented Eh/s? The hashrate used by Easymining is always rented well above the average price on your site. This increases the auction price no ?
I mean if you rent hashrate to newbies, I agree that you need to take a fee, but to guarantee your Easyminers to have a constant hashrate, you place orders with super expensive price per Eh/s. Not super honest IMO.
Other thing, I bought some Easymining packs to discover what you are proposing. In my previous position I had to analyse the hashrate rental's market. I bought a lot of Easymining because of this. The screen showing your luck, is TOTAL bullshit. Almost every time the screen will show you "you submitted a share of x T difficulty, that's not possible.
Look :
https://imgur.com/vJkStwU
Are you telling me that EVERY time I buy a Gold Easymining 2usd pack I submit a share > 10T ? Do you have some magical power ? Why do you lie to newbies about their luck in mining ? Is your goal to generate addictives behaviors ?
I wish you a good day
žívijo @Nicehash
I appreciate the opportunity to talk with you directly.
I have rented a lot of hashrate from you. I am globaly satisfied of the hashrate marketplace,
I am a little disappointed about Nicehash actualy. Doesn't your Easymining program only serve to artificially inflate the price of rented Eh/s? The hashrate used by Easymining is always rented well above the average price on your site. This increases the auction price no ?
I mean if you rent hashrate to newbies, I agree that you need to take a fee, but to guarantee your Easyminers to have a constant hashrate, you place orders with super expensive price per Eh/s.
Other thing, I bought some Easymining packs to discover what you are proposing. In my previous position I had to analyse the hashrate rental's market. I bought a lot of Easymining because of this. The screen showing your luck, is wrong. Almost every time the screen will show you "you submitted a share of x T difficulty, that's not possible.
I wish you a good day
I appreciate the opportunity to talk with you directly.
I have rented a lot of hashrate from you. I am globaly satisfied of the hashrate marketplace,
I am a little disappointed about Nicehash actualy. Doesn't your Easymining program only serve to artificially inflate the price of rented Eh/s? The hashrate used by Easymining is always rented well above the average price on your site. This increases the auction price no ?
I mean if you rent hashrate to newbies, I agree that you need to take a fee, but to guarantee your Easyminers to have a constant hashrate, you place orders with super expensive price per Eh/s.
Other thing, I bought some Easymining packs to discover what you are proposing. In my previous position I had to analyse the hashrate rental's market. I bought a lot of Easymining because of this. The screen showing your luck, is wrong. Almost every time the screen will show you "you submitted a share of x T difficulty, that's not possible.
I wish you a good day
NiceHash payrate is 6% more than mining Bitcoin traditionally via a pool. Here is an explanation of how this is possible:
1️⃣ NiceHash is a hashpower marketplace.
Buyers are placing orders for hashrate. Orders can be manipulated by increasing or decreasing price and speed or canceling them.
2️⃣ NiceHash Buyers are solo mining
NiceHash helps ordinary users with almost zero Bitcoin knowledge to participate in mining and potentially confirming a block of transactions by buying hashrate. This can be done in a very user-friendly way with just a couple of clicks.
For example, buying a package of SHA256 hashrate for $200 currently gives a user probability of 1:608 to confirm a block and earn a full Bitcoin block reward.
3️⃣ Higher Bitcoin ASIC miner payrates
Buyers of hashrate are paying a premium price for hashrate and thus increasing the average payrate for the sellers (miners).
This is how much Bitcoin you would earn if you would mine at NiceHash:
❇ 5.59% more in the past 7 days
❇ 4.31% more in the past 30 days
❇ 6.33% since September
Learn more: https://www.nicehash.com/earn-more-with-nicehash
1️⃣ NiceHash is a hashpower marketplace.
Buyers are placing orders for hashrate. Orders can be manipulated by increasing or decreasing price and speed or canceling them.
2️⃣ NiceHash Buyers are solo mining
NiceHash helps ordinary users with almost zero Bitcoin knowledge to participate in mining and potentially confirming a block of transactions by buying hashrate. This can be done in a very user-friendly way with just a couple of clicks.
For example, buying a package of SHA256 hashrate for $200 currently gives a user probability of 1:608 to confirm a block and earn a full Bitcoin block reward.
3️⃣ Higher Bitcoin ASIC miner payrates
Buyers of hashrate are paying a premium price for hashrate and thus increasing the average payrate for the sellers (miners).
This is how much Bitcoin you would earn if you would mine at NiceHash:
❇ 5.59% more in the past 7 days
❇ 4.31% more in the past 30 days
❇ 6.33% since September
Learn more: https://www.nicehash.com/earn-more-with-nicehash
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