Topic: NiceHash Mining Setup? (Read 1402 times)

I can't take anyone serious who doesn't have enough sense to use "their, there or they're" properly in a sentence...

I've had an issue with Nicehash crashing on occasion and I quickly figured out that one of my GPU's doesn't like duel mining.  I simply disabled dual mining on that card and am now running very stable.  I also ran into the memory issue.  I had a 64G SSD drive with a pagefile size set to 24G.  After adding 6 more cards to the rig, I started getting that error.  I added another 64G SSD and set the pagefile to use that drive, now all is good.

All in all, I like Nicehash.  Could i tweak and scrape to get another $.25 or so out of each card.. probably.  Is it worth all of the downtime to do so, not in my opinion because I have a life outside.  I have two sets of cards that I buy and I have BIOS mods for each that work.  I set it and forget it.  They churn out day in and day out and i don't have to worry if the coin I'm mining is taking a hit compared to BTC, which is what my mining is being converted to.  Of course there are always going to be tweaks and mods and those who prefer them.  Are they better?  I suppose it depends on who you are.  If you can't figure out that "they're" means "they are" and "their" means possession, like "It's their prerogative", then I suppose that you're the type that spends more time tweaking than learning and your opinion on the matter is going to favor that.  In reality, it depends on how much interaction you want to have with your rig(s) and what YOU like.  

well after a few days or so I stopped using nicehash not because of lower payouts (I think it would have been slightly higher) but because the miner itself would keep crashing my rig kept saying it was low on memory and wanted to close the miner. And since I'm currently on vacation and monitoring my rigs remotely I'm not going to deal with fixing it I know my rigs will mine ethereum with no hiccups no problem so maybe I will switch back to nicehash once I get back home but for now going to stick to ethermine.org

again its much more than that buddy, if it were the case to only tell you how much you earn is false, there would be no reason to list any information from nicehash. you have proof to back up your sensational claims that they do not have there own coins? there would be no reason to list the market cap and volume if what you say is true, not to mention the exchange rate is also different. if they didn't have coins of there own they would not be listed on what to mine or coinmarketcap, again they are much more than a middle man, you can believe what you want but its false, if they didn't have forks of coins of there own there would be no listing its that simple, maybe before you tell someone they should learn how to use something better you to should learn how something works

There is no direct rule that can be applied in any case, I don't know how well Nvidia cards perform in certain algorithms, although, Nicehash will switch into another algorithm that is more profitable at that point. Therefore, if it switches from one algorithm to another, the last algorithm might perform better with an overclocked memory clock, rather than GPU clock.

You could simply adjust both, which is what I did, although that will lead to higher power consumption and increased heat, which might lead to premature wear on your hardware.

I will post it here after one month although one of my cards 1/22 cards is not showing up i sent a support ticket and made a post on here because the vard shows up on my dev man and it shows up when i mine eth so i gotta get that figured put first so if anyone watching this thread knows or had exp with this id appreciate thw help

No and no no no. Whattomine.com shows how much mining each Algorithm will pay. When it says Nicehash - Equihash it means how much Nicehash will pay for you to rent your hashing power to someone else that will be mining any of several Equihash based coins. There is no such thing as a NiceHash coin, and you really need to research before spreading FUD. Please learn how Whattomine works in addition to the basics of the biggest hashing middle man in the whole industry.

are you sure ? what makes you say that ?

don't switch, you will be earning less than you do now

I'm curious to see the result : don't forget to let us know how much you earned after one month here

I'm mining Ethereum right now, but thinking about switching some day..

if they did not have there own coin why does whattomine.com list multiple algorithms with there logo  and says *algorithm name*-nicehash
want to explain that one since you seem to know it all



Nicehash-Equihash

Equihash
 
BT: -
 BR: -
 LB: -
 
 -  
72.15 Mh/s
 57.0%
 
0.00495
 0.00428
 
1.04230000
(Nicehash)
15.7%
 -
 41.39 BTC   0.00495
 0.00428  $18.40
 $15.84   115% | 98%
 100% | 102%  


you cant sit there and tell me that's not there own coin, if it wasn't that wouldn't exist they have a fork of multiple algorithms, they don't list the block time, block reward , you can clearly see its not on the normal coins network

You clearly don't understand how NiceHash works. They do not have their own coins. They pay out in Bitcoins from buyers who are placing orders for hashing power. Ultimately, mining on NiceHash is more efficient than mining on a pool, so it will pay better for most miners.

oh there so much more than a middle man lol, they buy and sell hashing power, but they also have there own coins and pools
when you go on whattomine.com and see any coin that has -nicehash is there own coin and is not publicly traded, you will NOT find it on ANY crypto exchange mmk, the buying and selling of hash power is only a portion of what makes up nicehash.

I honestly don't know what you mean when you say ' NONE of the coins of nice hash are publicly traded" ...? Nicehash does not have their own coins, they act as the middle man for Joe Public to buy hashing power from miners and point that hashing power at the coins that Joe Public wants. If you check this link there are over 50 different coins you can buy hashing power for, they are all publicly traded.

https://www.nicehash.com/buy

you can go for that convenience but your wrong with one thing you don't make the same, I have cheaper fees than you do in the long run as I can hold onto the coin I mine and only transfer when I need to, YOU on the other hand are paying fee's daily and not just network fee's but also nicehash own fee's on top of that, if you've ever noticed but NONE of the coins of nice hash are publicly traded, and the margin is way more than 8 percent, just my 1070 rig alone would lose soo much because there coins are cheaper, that alone affects how much you get in bitcoin, then there is there coin fee plus any other of there own fee's that they tack on after the fact, if I were to just use my 1070 rig, on a per gpu basis id lose about .50 cents to .60 cents per gpu everyday using that stupid service, fact of the matter is I make more NOT using it and anyone who says differently is nothing more than a noob whom clearly knows NOTHING about what there talking about. but hey rant over you want to lose out on money you could otherwise have, by all means GO for it, but you have NO right telling other people that its good when that's quite the contrary, the only thing nice hash has going for it is convenience and that's just not enough to a serious miner, we are here to make MAX profit are we not? by using nicehash you are doing nothing more than jewing yourself out of money you could of had.

not to mention nicehash's coins are always usually cheaper than the original version that EVERYONE mines, eth vs eth-nicehash, theres a reason why they can only pay out in bitcoin and that's cause they have there own coins they don't mine the normal ones like the rest of us do

Yes, people don't give NiceHash mining fair credit since they seem to forget how much more you have to pay in exchange and transaction fees yourself. My calculations have the profitability breaking point at ~8%, and that's without giving any credit to the pure convenience of it (which to some is valuable to others not as much, hence I don't count it). So if you could get $4 per day mining XYZ coin on your own, as long as NiceHash pays within 8% of that, approx $3.68 in this case, you would break even by going with either route. Personally I value the extra convenience a bit so I factor it at more like 10% for myself.

The above is based on mining strictly for daily/weekly profits. If you wish to mine a particular coin to keep because you think it will go up in value significantly over time then obviously it's a different story.

Fully agree with Marthor's comments.   You may laugh it as the 'point and click miner' or whatever, but the automatic switching and the simplicity of payment seems to make it a pretty good value for me.   Ive been using them with a very small number of cards for about 18 months and when Ive experimented with direct mining its generally paid less.

No, you're wrong.

Buyers frequently pay more than what hashing power is worth. The reason they do this is that they know hashing power is more valuable at certain points (e.g., immediately after a pool has found a block).

Second, NiceHash allows miners to switch algorithms quickly based on profitability. This is especially important for Nvidia owners, because Equihash often spikes in profitability at certain points in the day (up to 40%). You'd miss out on that by mining Etheruem only. (Conversely, you'd be mining on high difficulty times if you mine Equihash only.)

Third, altcoins tend to go down relative to Bitcoin over the long run. NiceHash allows you to get paid for altcoin mining while the altcoins are worth more in Bitcoins.

Finally, NiceHash's fees are often lower when you consider that pool miners pay software developer fees, pool fees, pool withdrawal fees, and exchange fees (e.g., Bittrex charges .001 Ethereum per deposit).

NiceHash is much better for Nvidia cards. It's still debatable for AMD cards, but it's becoming more profitable as Etheruem goes down relative to other altcoins.

Yea ill run it for 1 month and see the results and post them here. And if im correct im pretty sure nicehash is always switching your miner to the most profitable currency which could change daily. So mining just eth might be less profitable because of that.. correct me if im wrong though

pretty sure you calculated wrong. Nicehash by definition has to pay out less than just mining for yourself or they get no margin at all. Think about it.