Topic: NiceHash (keep BTC) vs mining pool (keep Altcoin) (Read 4202 times)
I've been thinking about this too. One other thing I was thinking about is, if you have the alt coin and the price goes up, you'd make more money than just from mining it. Whereas if you get the bitcoin, the price may go up but it wouldn't go up as much as many of these alt coins are going up.
do note that because of how nicehash works you dont make the same amount all day every day. the payment amount is direct driven by the buy price of the order your filling.
I was asking myself exactly the same question.
Well most mining pools have a 1% fee so a 0,5% withdrawal amount doesn't seem that much, right?
I spent two days dual mining ETH and SC on nanopool and I was worried about the shares accepted - they were not stable, and that affects outcome.
Anyway, I'll give Claymore another try on other mining pools - the good thing about Nicehash is that you'll know in minutes how much money you'll make a day. In order to test other pools I feel like I'll have to get in and try myself.
Well most mining pools have a 1% fee so a 0,5% withdrawal amount doesn't seem that much, right?
I spent two days dual mining ETH and SC on nanopool and I was worried about the shares accepted - they were not stable, and that affects outcome.
Anyway, I'll give Claymore another try on other mining pools - the good thing about Nicehash is that you'll know in minutes how much money you'll make a day. In order to test other pools I feel like I'll have to get in and try myself.
Decided to try mining...
Tried mining bitcoin long time ago – years ago (in time of 50btc.com and CPU mining only), but could not see profit and gave it up
)) ...
Now with all hysteria I decided to try once again. Got one GTX 1060 (ASUS EX-GTX1060-O6G). Samsung RAM – thay say it’s good
Made with some scrap something able to start GTX 1060 (Intel Core E6600 / Gigabyte GA-73PVM-S2H / 2*2GB DDR2 / SeaSonic S12II 330 Bronze - +12@17A)
Tried different settings for GTX 1060, different miners, made some overclock and choose one set for some stable and “not burn” – with MSI Afterburner it is - Power Limit - 80%, Temp Limit - 74C, Core Clock - +100 Mhz, Mem Clock - +800 Mhz. So it’s Core Clock @ 1873 Mhz and Mem @ 4608 Mhz.
With such settings (PWR 80%, TMP: 74C, Core +100, Mem +800) I’m getting
With ZCash
- EWBF's Zcash CUDA miner. 0.3.4b - 303,0 Sol/s
- Excavator v1.1.4a GPU Miner for NiceHash. - 297,5 Sol/s
With ETH
- Genoil's ethminer 0.9.41-genoil-1.1.5-nicehash-1.1.2 - 23,0 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 (чиcтый ETH) - 22,4-23 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + DCR - ETH: 21,6 Mh/s DCR: 216,0 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + SC - ETH: ETH: 21,8 Mh/s SC: 217,9 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + LBC - ETH: 20,8 Mh/s LBC: 19,4 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + PASC - ETH: ETH: 20,9 Mh/s PASC: 201,9 Mh/s
And now the most interesting - I can not decide in what way and how it is better to mine?
Checked with https://whattomine.com hashrates 23 Mh/s for Ethash and 300 Sol/s for Equihash (electricity "free" – 0.00 $/kW) – and it says that most prifitable is to mine
- EthereumClassic(ETC) Ethash for 0.00132 BTC/24h
- Ethereum(ETH) Ethash for 0.00125 BTC/24h
- Hush(HUSH) Equihash for 0.00125 BTC/24h
- Zcash(ZEC) Equihash for 0.00119 BTC/24h
Also tried Nicehash – it simple and convenient because of simple BTC wallet, oneclick miner install, start benchmark, set wallet number and go. Nicehash by turns mines ETH with Genoil's ethminer 0.9.41-genoil-1.1.5-nicehash-1.1.2 with hashrate ~23Mh/s and ZCash using Excavator v1.1.4a GPU Miner for NiceHash at 297 H/s
With this results NiceHash gives profit about 0,00118 BTC/24h but directly in BTC to NiceHash wallet, without any cryptocurrency exchange.
Seems like Nicehash more simple and convenient – just started and gets BTC, but there is some difference between https://whattomine.com (0.00132 BTC/24h) и Nicehash (0.00118 BTC/24h) almost 10% not in Nicehash favour.
Besides that, withdrawal conditions Nicehash "unpleasant" - the withdrawal fee is currently set to 0.005 BTC or 0.5% of the withdraw amount (whichever is higher).
So to withdraw something less 1 BTC from Nicehash in any case should pay 0.005 BTC (with current BTC/USD – it is 13,4 USD)...
So I just can’t find which way is better
– mining with Nicehash and keep all with BTC, then withdraw with one payment
- choose mining pool, follow the courses / new cryptocoins with https://whattomine.com, keep altcoins and then exchange it (with Poloniex)..
- If it is better to keep altcoins – which is better to keep? ETH / ZCash / EXP / HUSH
- What fees in most popular pools ? What about devfee with “non NiceHash miners”? Will it not turn out that after paying the commission to the pool, the miner devfee, the commissions on the exchanges, and entire profitability from 0.00132 BTC / 24h will fall to the same 0.00118 BTC / 24h in NiceHash?
So what is better – mining with NiceHash and keep BTC or mining with pool and keep altcoins ?
Tried mining bitcoin long time ago – years ago (in time of 50btc.com and CPU mining only), but could not see profit and gave it up
)) ... Now with all hysteria I decided to try once again. Got one GTX 1060 (ASUS EX-GTX1060-O6G). Samsung RAM – thay say it’s good
Made with some scrap something able to start GTX 1060 (Intel Core E6600 / Gigabyte GA-73PVM-S2H / 2*2GB DDR2 / SeaSonic S12II 330 Bronze - +12@17A)
Tried different settings for GTX 1060, different miners, made some overclock and choose one set for some stable and “not burn” – with MSI Afterburner it is - Power Limit - 80%, Temp Limit - 74C, Core Clock - +100 Mhz, Mem Clock - +800 Mhz. So it’s Core Clock @ 1873 Mhz and Mem @ 4608 Mhz.
With such settings (PWR 80%, TMP: 74C, Core +100, Mem +800) I’m getting
With ZCash
- EWBF's Zcash CUDA miner. 0.3.4b - 303,0 Sol/s
- Excavator v1.1.4a GPU Miner for NiceHash. - 297,5 Sol/s
With ETH
- Genoil's ethminer 0.9.41-genoil-1.1.5-nicehash-1.1.2 - 23,0 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 (чиcтый ETH) - 22,4-23 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + DCR - ETH: 21,6 Mh/s DCR: 216,0 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + SC - ETH: ETH: 21,8 Mh/s SC: 217,9 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + LBC - ETH: 20,8 Mh/s LBC: 19,4 Mh/s
- Claymore's Dual ETH + DCR/SC/LBC/PASC GPU Miner v9.5 ETH + PASC - ETH: ETH: 20,9 Mh/s PASC: 201,9 Mh/s
And now the most interesting - I can not decide in what way and how it is better to mine?
Checked with https://whattomine.com hashrates 23 Mh/s for Ethash and 300 Sol/s for Equihash (electricity "free" – 0.00 $/kW) – and it says that most prifitable is to mine
- EthereumClassic(ETC) Ethash for 0.00132 BTC/24h
- Ethereum(ETH) Ethash for 0.00125 BTC/24h
- Hush(HUSH) Equihash for 0.00125 BTC/24h
- Zcash(ZEC) Equihash for 0.00119 BTC/24h
Also tried Nicehash – it simple and convenient because of simple BTC wallet, oneclick miner install, start benchmark, set wallet number and go. Nicehash by turns mines ETH with Genoil's ethminer 0.9.41-genoil-1.1.5-nicehash-1.1.2 with hashrate ~23Mh/s and ZCash using Excavator v1.1.4a GPU Miner for NiceHash at 297 H/s
With this results NiceHash gives profit about 0,00118 BTC/24h but directly in BTC to NiceHash wallet, without any cryptocurrency exchange.
Seems like Nicehash more simple and convenient – just started and gets BTC, but there is some difference between https://whattomine.com (0.00132 BTC/24h) и Nicehash (0.00118 BTC/24h) almost 10% not in Nicehash favour.
Besides that, withdrawal conditions Nicehash "unpleasant" - the withdrawal fee is currently set to 0.005 BTC or 0.5% of the withdraw amount (whichever is higher).
So to withdraw something less 1 BTC from Nicehash in any case should pay 0.005 BTC (with current BTC/USD – it is 13,4 USD)...
So I just can’t find which way is better
– mining with Nicehash and keep all with BTC, then withdraw with one payment
- choose mining pool, follow the courses / new cryptocoins with https://whattomine.com, keep altcoins and then exchange it (with Poloniex)..
- If it is better to keep altcoins – which is better to keep? ETH / ZCash / EXP / HUSH
- What fees in most popular pools ? What about devfee with “non NiceHash miners”? Will it not turn out that after paying the commission to the pool, the miner devfee, the commissions on the exchanges, and entire profitability from 0.00132 BTC / 24h will fall to the same 0.00118 BTC / 24h in NiceHash?
So what is better – mining with NiceHash and keep BTC or mining with pool and keep altcoins ?
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