On the 18th there was a solo miner on bsod getting blocks and renting from nicehash, 175 btcv a block at the time I think was 12k usd maybe more. It’s a huge risk because the dev will 51% attack and orphan all blocks, they were probably sleeping at the time cause blocks were confirming. Dev pool had about 2 Ehs at the time.
One of the pps pool joins the party because blocks are confirming, at the starts they started paying around 0.00004000 a ths. Now everyone is renting from NiceHash, and the pps started to increase. At one point, I saw it very high around 0.00011000. When the pps value was 0.00009500, nice hash was around 0.089.
Between the two pools, they had about 3-4 Ehs and was harder for dev to attack.
On the 23rd the pool operator and several individual miners stated their account got locked at coineal. Now, no one is renting because of exchange issues. Hash rate was too low and with the exchange issues, they took the pool offline. Took 2 days, but dev made a false claims about fraudulent activity. After the exchange investigated they released the funds.
Shortly after, btcv did their ddms hard fork and exchange closed deposit during the fork.
Party is over lol..
Topic: Over paying for hash power, why? (Read 730 times)
The high price was because of shitcoin btcv. People were mining this coin, paying high prices and still making a profit. Everyone was dumping this coin on coineal and liquid exchange.
That's interesting, but look at the price of that shitcoin it seems like it hasn't gained much value during that period, nicehash payouts were crazy high around 18th to 20th of last April, it only went up about 25% from its price week prior to 18th, but even assuming for the sake of it that it did do a 100% jump, this doesn't really give miners the ability to pay 8 times higher the profit they would get mining bitcoin then.
I am not ruling out the rule this coin could have played in that period, I just don't think it's the primary cause, because, if its price had gone up 10 or 20 times, that would make sense but it has not, and based on that I still believe it was someone laundering his money as fast as they could.
It's also worth mentioning that the volume of btcv was just about average during that period, it does not indicate any unusual selling/buying, I would like to hear more on how you arrived at that conclusion just in case there is something I missed.
Btcv dev didn’t like this and made changes so only certain address could mine lol.
lol, so he just had to change the code and that's it? no hard fork nothing happened? probably just his node and the mining pool's node maintain this coin anyway.
Are you saying this to comfort yourself? 
, sorry to spoil the moment, nicehash did not pay you, it was that dude over-paying for your hashrate, he paid you handsomely, nicehash escrowed the deal and TOOK their fees from you, Nicehack still owes you 18%, I hope they will repay it soon, the nicehash community should demand it, because if not they might just discard the repayment program altogether.
, sorry to spoil the moment, nicehash did not pay you, it was that dude over-paying for your hashrate, he paid you handsomely, nicehash escrowed the deal and TOOK their fees from you, Nicehack still owes you 18%, I hope they will repay it soon, the nicehash community should demand it, because if not they might just discard the repayment program altogether.Hahahah, naaaah, those are only my predictions. I have never used Nicehash with my ASICs, I used nicehash 2016-2017 with GPUs but payouts were configured at 50-75 dollars if I remember correctly. And when that hack happened, I lost about 2-3 weeks of few GPUs (not rigs as all my rigs were at some eth pool, not sure which as I sold them in 2018) so about 20-45 dollars was lost, not even sure if they repaid me any, I login there only when I want to burn in my newly put thermal paste.
All my ASICs were always on Bitmain's pools (ViaBTC and Antpool), I turned to Slush at end of 2019 and I am thinking about going to CK for some time and then returning to Slush (I really like it there).
Are you saying this to comfort yourself? , sorry to spoil the moment, nicehash did not pay you, it was that dude over-paying for your hashrate, he paid you handsomely, nicehash escrowed the deal and TOOK their fees from you, Nicehack still owes you 18%, I hope they will repay it soon, the nicehash community should demand it, because if not they might just discard the repayment program altogether.
, sorry to spoil the moment, nicehash did not pay you, it was that dude over-paying for your hashrate, he paid you handsomely, nicehash escrowed the deal and TOOK their fees from you, Nicehack still owes you 18%, I hope they will repay it soon, the nicehash community should demand it, because if not they might just discard the repayment program altogether.The way they handled repayment was stupid.
If they paid at the rate they started with it would have been over and they would not have lost the customers that they lost.
Take me for instance. I have 2ph It is not on their pools well 58th is and 1942th is not.
When they were paying high I bumped to 400th. but kept 1600th mining elsewhere.
Obvious reason is I don't trust them very much and simply won't allow myself to get burnt like I got burnt back in 2017.
At this point in time I will most likely never trust them to put a lot of the hash I control on their pools.
But I do put a little in hopes of getting the last 18 %
and whenever they get 3x payouts I place some not all of my hash there.
I currently mine
viabtc 92%
nicehash 3%
mmpool 3%
ckpools 2%
The high price was because of shitcoin btcv. People were mining this coin, paying high prices and still making a profit. Everyone was dumping this coin on coineal and liquid exchange.
Btcv dev didn’t like this and made changes so only certain address could mine lol.
https://github.com/bitcoinvault/bitcoinvault/commit/4493cc16a5665d24109d211846f345c3e7314be6
Btcv dev didn’t like this and made changes so only certain address could mine lol.
https://github.com/bitcoinvault/bitcoinvault/commit/4493cc16a5665d24109d211846f345c3e7314be6
I guess that is part of the issue with a ton of SHA crap coins out there. You can check the big ones for hash spikes, but to check all of them is going to be a full time job.
I have seen other coins try the same "you must mine at our pools" thing. Did not work out.
Stay Safe.
-Dave
The high price was because of shitcoin btcv. People were mining this coin, paying high prices and still making a profit. Everyone was dumping this coin on coineal and liquid exchange.
Btcv dev didn’t like this and made changes so only certain address could mine lol.
https://github.com/bitcoinvault/bitcoinvault/commit/4493cc16a5665d24109d211846f345c3e7314be6
Btcv dev didn’t like this and made changes so only certain address could mine lol.
https://github.com/bitcoinvault/bitcoinvault/commit/4493cc16a5665d24109d211846f345c3e7314be6
I got my extra coin from them yesterday they paid me in full.
Are you saying this to comfort yourself?
, sorry to spoil the moment, nicehash did not pay you, it was that dude over-paying for your hashrate, he paid you handsomely, nicehash escrowed the deal and TOOK their fees from you, Nicehack still owes you 18%, I hope they will repay it soon, the nicehash community should demand it, because if not they might just discard the repayment program altogether.
They might start paying out now that BTC is jumping. But I wouldn't expect them to pay out before BTC hits $10k.
I would like to say that I am *not* defending them, but I do go back a lot to the statement "never attribute to malice, what can be attributed to incompetence"
They have no quality checks as to who is pointing miners to them. They have through the years shown that their backend was (probably is) held together with gum and tape. etc.
I think they thought they could pay people back, however slowly, and when things changed in the mining world they just threw their hands up and walked away, so yeah that's on them.
But, for the hack itself, the missing payments, other issues. Nah, just lack of ability to keep a site like that running properly.
Stay safe.
-Dave
They have no quality checks as to who is pointing miners to them. They have through the years shown that their backend was (probably is) held together with gum and tape. etc.
I think they thought they could pay people back, however slowly, and when things changed in the mining world they just threw their hands up and walked away, so yeah that's on them.
But, for the hack itself, the missing payments, other issues. Nah, just lack of ability to keep a site like that running properly.
Stay safe.
-Dave
I got my extra coin from them yesterday they paid me in full.
The extra coin made on this boosted price actually makes up for the 18% they owe me for the 2017 theft.
Still would be nice of Nicehash to pay the 18% back. I will never put a lot of gear here as they continue to show a fundamental lack of honesty.
The extra coin made on this boosted price actually makes up for the 18% they owe me for the 2017 theft.
Still would be nice of Nicehash to pay the 18% back. I will never put a lot of gear here as they continue to show a fundamental lack of honesty.
on a side note, do they even have auto-withdrawal to external wallets?
Yes you need at least 0.001 and they pay out once a week on Wednesday they make daily payouts if you have 0.1. Their fees are high (3%) on a 0.00132374 payout they took 0.00004094 but they pull that from every person they send to in the transaction.
Take a look at txid 99da16adba8d6a71c6696e1c76d855043425ba13456dc064ac9f9699d44e1e04 and figure out what the 3% fee comes to.
Stay safe.
-Dave
... that really is on them.
We can say the same exact them to those who get scammed by almost everything else, it's always on the victims, and that's why most victims are newbies who do little to no research, in fact, it's really hard to estimate the profitability on nicehash, you have got 4 different servers for Sha256 alone, and the way the fixed vs standard orders work can be complicated to use, let alone to analyze, Nicehash can easily provide fake numbers and not even 10% of miners will notice it, the way I see it is that you, I and everyone else who knows about mining should do their duty by shedding some light on these facts.
looks like nicehash are again playing dirty tricks in the space.
They always do, we just don't always realize it I guess.
... let alone install there tools for mining on there machines after this.
Oh boy, how safe are your miners with the malware developer having full control over them?
I don't see nicehash paying back the 18% they owe and I'm almost sure the hack was a inside job conducted with the "help" from some of Matjaž “Iserdo” Škorjanc's criminal contacts from his malware days.
With this much profit they make, it's safe to assume that if they were genuine about it, they must have paid it a long time ago, but maybe they are up for another "hack" so why waste more money anyway?
on a side note, do they even have auto-withdrawal to external wallets?
[...]
Great spot Mikey so it looks like nicehash are again playing dirty tricks in the space.
I'm surprised anyone would even mine there let alone install there tools for mining on there machines after this.
https://krebsonsecurity.com/2019/10/mariposa-botnet-author-darkcode-crime-forum-admin-arrested-in-germany/
The author of a "Botnet" that was taken down in one of the biggest cybercrime forum's of all time Darkode the main author behind the malware is one of the leading guys over at NiceHash.
I don't see nicehash paying back the 18% they owe and I'm almost sure the hack was a inside job conducted with the "help" from some of Matjaž “Iserdo” Škorjanc's criminal contacts from his malware days.
I think if people scratched the surface of nicehash just a little more you would see the dark seedy underbelly of it quite quickly.
Also would you be installing there application made by a known malware developer..Who know's what the nicehash application is actually doing while hashing away on your machine.
I still think that someone washed some stolen btc.
Well I wish it would have carried on for a few more days. I was planning on switching over tonight just to squeeze out some extra.
No biggie hopefully i finally get my m20s online today if my package arrives and i have to do a psu swap *fingers crossed* to get an m10 back in action.
I am not surprised by the marketing tactcs used to try and draw people in. They technically were that profitable for that snapshot in time. It's like any other "investment" the past data only reflects that period and really only shows what can be possible.
Some people will definitely buy in but if they don't realize at the time of pointing their gear there that their expected rewards have come back around to normal profitability, that really is on them.
No biggie hopefully i finally get my m20s online today if my package arrives and i have to do a psu swap *fingers crossed* to get an m10 back in action.
I am not surprised by the marketing tactcs used to try and draw people in. They technically were that profitable for that snapshot in time. It's like any other "investment" the past data only reflects that period and really only shows what can be possible.
Some people will definitely buy in but if they don't realize at the time of pointing their gear there that their expected rewards have come back around to normal profitability, that really is on them.
Some might like it, some might not, but here it is:
https://twitter.com/NiceHashMining/status/1253661995200544768
https://www.nicehash.com/blog/post/how-can-bitcoin-miners-maximize-profits-after-bitcoin-halving
One more try from Nicehash to bring more people in.
What do you think about Nicehash profitability after Halving?
I personally think it might be worth it for first one or two months, and then it will go to it's regular (lower than if you mined on other pools).
https://twitter.com/NiceHashMining/status/1253661995200544768
https://www.nicehash.com/blog/post/how-can-bitcoin-miners-maximize-profits-after-bitcoin-halving
One more try from Nicehash to bring more people in.
What do you think about Nicehash profitability after Halving?
I personally think it might be worth it for first one or two months, and then it will go to it's regular (lower than if you mined on other pools).
used to work in 2017 with s9's
not working any more.
I suspect old s9 firmware allowed it to work or it was in old nicehash code.
fuck it nicehash is done for now.
I gained
0.0088
0.0081
0.0169 paid weds
lost
0.0060
0.0060
0.0040
0.0160 from moving hash
0.0169-0.0160 = 0.0009 a win
I am owed
0.02
0.002
0.022 this should get paid weds the 29th
but I gained 0.0009 even if they crash and burn again.
it would be nice to see the 0.022 be paid on weds the 29th.
I am owed
0.00164
0.00478
0.00661
0.01303 total of hack money never paid
So if they make the weds payment
0.02200
0.01303
0.00897 net ahead.
not working any more.
I suspect old s9 firmware allowed it to work or it was in old nicehash code.
fuck it nicehash is done for now.
I gained
0.0088
0.0081
0.0169 paid weds
lost
0.0060
0.0060
0.0040
0.0160 from moving hash
0.0169-0.0160 = 0.0009 a win
I am owed
0.02
0.002
0.022 this should get paid weds the 29th
but I gained 0.0009 even if they crash and burn again.
it would be nice to see the 0.022 be paid on weds the 29th.
I am owed
0.00164
0.00478
0.00661
0.01303 total of hack money never paid
So if they make the weds payment
0.02200
0.01303
0.00897 net ahead.
With an S3 maybe? I highly doubt any of the new gears has this function built-in, I know old gears used to support more stuff like parallel-mining but I have never heard of a profit-switching function being implemented in any mining gear, usually, people use AwosomeMiner or any other monitoring software to achieve this, not sure this code will work simply by modifying the pool details, maybe you need SSH access or something, I still can't see how the miner will "know" how much nicehash or any other pool for that matter actually pays, I am interested in hearing from you phill.
speaking of mining pools, check your Viabtc account, they gave out discount coupons a few days ago and they expire soon so make sure you use them.
speaking of mining pools, check your Viabtc account, they gave out discount coupons a few days ago and they expire soon so make sure you use them.
put it on top line of your pools
do
p=0.0300
see if that works
sha256asicboost.eu.nicehash.com:3368
your btc addy
p=0.0301
IIRC it will only mine if price is higher the 0.0300 or 0.0301
it skips to next pool if price is cheap.
do
p=0.0300
see if that works
sha256asicboost.eu.nicehash.com:3368
your btc addy
p=0.0301
IIRC it will only mine if price is higher the 0.0300 or 0.0301
it skips to next pool if price is cheap.
note this does not seem to work will try a few other options.
used to back in the day.
Still going on. I got burned by nicehash when the hack happened.
They paid some back but I never gained faith in what they did.
They paid some back but I never gained faith in what they did.
Nice hash created a topic which was later on deleted by one of the mods probably for being in the wrong section, it can be found in the Modlog
Quote
Remove topic: NiceHash SHA256 mining is 3x more profitable than mining BTC directly. in topic #5242848 by member #362449
I managed to take a screenshot:
In reality, a few hours after they posted the topic, Whattomine was actually showing completely different results.
The above results were based on the "current"' profitability, to be fair I also used the default (average 24 hours) settings on whattomine and got the following results which are far from the 3x they advertised.
The results that Nicehash posted were the average 7 days, and those results are far from stable/accurate.
Nicehash MODIFIED the calculations options on whattomine to get the results which best suit them in order to give newbies the false impression of the mining rewards making it look like they will always get 3x more profits mining on Nicehash, when in reality as I type, it's less profitable to mine at nicehash than directly mining bitcoin.
While Nicehash is a long-standing service in spite of the fact that they were hacked and miners lost a lot of money of which Nicehash paid back 82% and promised to repay the remaining 18%, this misrepresentation of data by Nicehash makes me doubt their integrity and I wouldn't trust a word they say.
put it on top line of your pools
do
p=0.0300
see if that works
sha256asicboost.eu.nicehash.com:3368
your btc addy
p=0.0301
IIRC it will only mine if price is higher the 0.0300 or 0.0301
it skips to next pool if price is cheap.
do
p=0.0300
see if that works
sha256asicboost.eu.nicehash.com:3368
your btc addy
p=0.0301
IIRC it will only mine if price is higher the 0.0300 or 0.0301
it skips to next pool if price is cheap.
So now the question is:
Do we point our rigs back to where they were and keep an eye on payouts here and switch back?
Or do we leave them here for a few more hours / days and see if bounces back up this way we don't loose any high profit mining?
I am moving them back where they were. Just wondering what everyone else is doing.
-Dave
Do we point our rigs back to where they were and keep an eye on payouts here and switch back?
Or do we leave them here for a few more hours / days and see if bounces back up this way we don't loose any high profit mining?
I am moving them back where they were. Just wondering what everyone else is doing.
-Dave
Yes i have profited to by this up 
only 3 days...
But, how many day have during this crazy payment ?
only 3 days... But, how many day have during this crazy payment ?
this ran 3-5 days tops.
this is the third time I have seen this happen.
If they pay me the funds I will end up a few hundred ahead.
Yes i have profited to by this up only 3 days...
But, how many day have during this crazy payment ?
only 3 days... But, how many day have during this crazy payment ?
overpayment have finished imho
I've made a nice overprofit in the past few days
God bless the payer
I've made a nice overprofit in the past few days
God bless the payer
I am pointing 400th of my 1900 th at them
It is paying at around 2.5x so 400th is paying like 1000
It is as if I boosted from 1900 to 2500th
If they never did the 2017 rip off I would have all 1900th at them.
which would pay like 4750 th. I can't afford the risk that they may take the money and run.
I would get 0.073635 a day vs the 0.02945 I get but pay out would take a while maybe a week. So I only moved 400 vs 1900.
It is paying at around 2.5x so 400th is paying like 1000
It is as if I boosted from 1900 to 2500th
If they never did the 2017 rip off I would have all 1900th at them.
which would pay like 4750 th. I can't afford the risk that they may take the money and run.
I would get 0.073635 a day vs the 0.02945 I get but pay out would take a while maybe a week. So I only moved 400 vs 1900.
So it's not just a nicehash it's both of them.
So that kind of torpedoes the software bug unless it's an app that buys hashpower on both sites.
It's been a while since I used nicehash, but I know MRR you could pay in altcoins. Makes you wonder if this is a way of converting alts into BTC.
If they are pointing to solo pools you would not see a hashrate bump unless they found a few blocks.
It's a stretch but other then that I have no idea.
Stay safe.
-Dave
So that kind of torpedoes the software bug unless it's an app that buys hashpower on both sites.
It's been a while since I used nicehash, but I know MRR you could pay in altcoins. Makes you wonder if this is a way of converting alts into BTC.
If they are pointing to solo pools you would not see a hashrate bump unless they found a few blocks.
It's a stretch but other then that I have no idea.
Stay safe.
-Dave
nicehash has
EU USA sha256 both are 0.0400 and up vs 0.0160 normal
EU USA sha256asicboost both are 0.0400 and up vs 0.0160 normal
mining rig rental
all 0.000046 a th or 0.046 a ph
EU USA sha256 both are 0.0400 and up vs 0.0160 normal
EU USA sha256asicboost both are 0.0400 and up vs 0.0160 normal
mining rig rental
all 0.000046 a th or 0.046 a ph
Code:
https://www.miningrigrentals.com/rigs/sha256
Name
RPI
Hashrate
Price/TH/Day
Min. Rental Hours
Max. Rental Hours
default | available
Whatsminer M3X
97.50 12.30T 0.00004600 3hrs
(0.00007214)
240hrs
(0.00577116)
Rent Now!
F02
100.00 16.50T 0.00004619 24hrs
(0.00077742)
24hrs
(0.00077742)
Rent Now!
F03
100.00 16.50T 0.00004619 24hrs
(0.00077742)
24hrs
(0.00077742)
Rent Now!
F05
100.00 16.50T 0.00004619 24hrs
(0.00077742)
24hrs
(0.00077742)
Rent Now!
BB1
100.00 17.50T 0.00004619 24hrs
(0.00082453)
24hrs
(0.00082453)
Rent Now!
BB2
100.00 17.50T 0.00004619 24hrs
(0.00082453)
24hrs
(0.00082453)
Rent Now!
BB3
100.00 17.50T 0.00004619 24hrs
(0.00082453)
24hrs
(0.00082453)
Rent Now!
F01
100.00 16.50T 0.00004619 24hrs
(0.00077742)
24hrs
(0.00077742)
Rent Now!
Since I can't get to a lot of sites where I am because of the web-filter, how are the other hash rental places paying?
I know in the past miningrigrentals.com was a bit above nicehash but not always.
Stay safe.
-Dave
I know in the past miningrigrentals.com was a bit above nicehash but not always.
Stay safe.
-Dave
Still going on. I got burned by nicehash when the hack happened.
They paid some back but I never gained faith in what they did.
I could have moved 1.9ph and get paid like it is 4 to 6ph.
I moved .3 ph it earned like it was around 1 ph.
so effectively I turned my 1.9 ph into 2.6 ph
I may move more s9s today.
I moved 4 more s9's I am pushing 360th of my 1900 th
they did a payout today so they can't burn me at least some of the extra earnings.
They paid some back but I never gained faith in what they did.
I could have moved 1.9ph and get paid like it is 4 to 6ph.
I moved .3 ph it earned like it was around 1 ph.
so effectively I turned my 1.9 ph into 2.6 ph
I may move more s9s today.
I moved 4 more s9's I am pushing 360th of my 1900 th
they did a payout today so they can't burn me at least some of the extra earnings.
When needs must people do crazy things if they are trading they would need clean coins to move into the exchanges they may have thought it might be a idea to mine coins and pay the premium for the clean fresh coins in return.
I could be wrong but can't think of many other people who would have this type of money to burn up like this and not really care as they already made a mint but need more clean coins to move to the exchanges.
Also there "mixing" efforts failed as some exchanges managed to freeze funds previously I read in a news item.
I could be wrong but can't think of many other people who would have this type of money to burn up like this and not really care as they already made a mint but need more clean coins to move to the exchanges.
Also there "mixing" efforts failed as some exchanges managed to freeze funds previously I read in a news item.
Quite a premium to launder money.
This could also be the plus token scammers cleaning there coins via mining getting fresh coins out and putting the dirty out to nicehash. With nicehash's past with unscrupulous individuals it would not surprise me one bit if this is what's going on.
"...There is a see-saw game with BCH vs BSV both have triggered their emergency difficulty adjustment pattern vs standard time.
If you bounce from one to the other. the diff swings like mad and you get quick and easy blocks..."
https://bitcointalksearch.org/topic/m.54259348
I condensed idea from adaseb see link.
Not sure it needs a quote as I gave it my own interpretation of his explanation. I also recalled it happening a few years ago.
It is paying 2-4x rate that is normal.
If you bounce from one to the other. the diff swings like mad and you get quick and easy blocks..."
https://bitcointalksearch.org/topic/m.54259348
I condensed idea from adaseb see link.
Not sure it needs a quote as I gave it my own interpretation of his explanation. I also recalled it happening a few years ago.
It is paying 2-4x rate that is normal.
Another possibility which doesn't go against any of the above points or I rather call them facts is a software bug, we could easily assume that nicehash is almost entirely controlled by bots, a simple glitch in the software makes the bot do stupid things.
This was more what I was referring to with my stupidity comment. People trust bots to handle a lot of things and if they got complacent or missed a small error they could easily wipe out a lot of value depending on the amount of funds they started with.I still lean heavily on the laundering as being more likely than the bot error. It's possible it could be both.
Hi,
So, is possible 51% war on shitcoin ... i don't know, so i confim the price on is crazi at this time.
So, is possible 51% war on shitcoin ... i don't know, so i confim the price on is crazi at this time.
I can only think of laundering as a reason for overpaying. Whether it be FIAT, or more likely old/tainted coins into new coins either to avoid taxation or muddy the trail.
This is my top 1 most likely scenario, whoever did that was
1- Desperate to get the power, they were way too far from other competitors, they could have paid half what they paid and still got all the hashrate they wanted, but they didn't care
2- Knows enough about mining, their orders were divided between the 4 SHA256 markets ( SHA256 EU, SHA256 USA, SHA256AsicBoost EU, SHA256AsicBoost US)
The second point makes me rule out the possibility of a clueless person playing with a ton of BTC, and the first point rules out any rational or economical benefit where money laundering is not the sole motive.
Another possibility which doesn't go against any of the above points or I rather call them facts is a software bug, we could easily assume that nicehash is almost entirely controlled by bots, a simple glitch in the software makes the bot do stupid things.
Obviously they do not understand the maintenance fees and exactly what they are signing on to.
What maintenance fees are you talking about here? The buyer has no such fees, they pay in BTC they get paid in BTC or any other currency, someone who has a couple hundreds of BTC to play with can't be too ignorant.
I can only think of laundering as a reason for overpaying. Whether it be FIAT, or more likely old/tainted coins into new coins either to avoid taxation or muddy the trail.
Apart from that there is always human error and/or stupidity.
Apart from that there is always human error and/or stupidity.
Obviously they do not understand the maintenance fees and exactly what they are signing on to. Learning about bitcoin is complex. Just like I now know my 2 dragons with a combined hashrate of 32 TH/s is not going to cut it in about 20 days.
I have to think a coin was getting launched...
Maybe.
... or an older small coin was superpumped.
Peercoin for instance.
Peercoin for instance.
I initially thought CW or Bitmain or anyone else for that matter was trying to pump their coin's hashrate, but it doesn't look like it, all SHA265 coins are pretty low in hashrate, nothing major is happening to any of them for the past couple of days, check them out.
This went on for five weeks when gaw miners was launching a bs coin about five or six years ago.
I have to think a coin was getting launched or an older small coin was superpumped.
Peercoin for instance.
I have to think a coin was getting launched or an older small coin was superpumped.
Peercoin for instance.
The orders on Nicehach today were INSANE, many groups on FB/Telegram were talking about it, someone posted a screenshot and I thought it was a glitch or something, when I checked https://www.whattomine.com , found it was real! to double-check I went ahead and looked at the order book on Nicehash.
I want to hear your thoughts ( I have a few that I will share later) on why would someone pay 0.0906 BTC per PH/day? let's run the numbers in USD to make it a bit easier to understand.
0.0906 BTC a day = 650$ for 90PH he pays $58,500 to make 1.55 BTC or $11,100 a day, that's a $47,400 loss per day or about $2000 an hour, why would anyone on planet earth pay 5 times what they can make? and by the way, this explains the crazy high payout from NH today.
I want to hear your thoughts ( I have a few that I will share later) on why would someone pay 0.0906 BTC per PH/day? let's run the numbers in USD to make it a bit easier to understand.
0.0906 BTC a day = 650$ for 90PH he pays $58,500 to make 1.55 BTC or $11,100 a day, that's a $47,400 loss per day or about $2000 an hour, why would anyone on planet earth pay 5 times what they can make? and by the way, this explains the crazy high payout from NH today.
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