Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC! - page 3. (Read 98715 times)

Yes, of course, you can use any pool, firmware update is not nicehash-specific.

before firmware update can i change another pool after the frimware update?  thanks for help

In order for AntMiner S5 to use the #xnsub parameter, you have to update the firmware with this one:

https://www.nicehash.com/sw/SD-S5-20150415_nicehash_perf_graphs.tar.gz

AntMiner S7 should work out-of-the box.

Try entering the stratum URL in full format, including "stratum+tcp://" in the URL field of the AntMiner GUI:


Please report back if it works for you. Thanks.

Antminer S5 & S7

Which AntMiner are you using?

hi guys,with antminer i cant connect to nicehash servers what am i doing wrong?

my settings:

URL: stratum+tcp://sha256.eu.nicehash.com:3334#xnsub

Worker : my btc address

Password: x

this example picture from nicehash
https://www.nicehash.com/imgs/AntMiner_configuration.png

any idea ?

Past month profitability is +5% above Bitcoin mining. 3% fee and PPS sheme that makes it efficiently +2% above Bitcoin mining and PPS.

https://www.nicehash.com/?p=stats&a=1

it looks like nicehashes price is being manipulated..

since the sha256 has NOTHING to do with the bitcoin block reward, i did not expect it to drop down to what 100% bitcoin luck pays out. i expected it to remain a fair value of what people were willing to pay to rent mining hash.

right now there are several sha256 alt coins that payout more then 100% bitcoin luck. like dgb, cure, mzc, neos..


so why is the payout for NH so low?? it should be what it was..


i was looking forward to see if NH was going to make it through the halving and be a competitive pool. but it looks like its not.

Full disclosure below shows that the line  quote above   needs fixing by nicehash and is wrong.

Can I edit or refill my order, and what happens if I cancel my order?

Yes, you can edit your order. You can increase order price and optionally limit hashing power (or change existing limit). If you edit your order and set higher price, the logic is the same as when submitting new orders, see also How can I buy hash power at NiceHash?

You can also refill your existing orders which essentially extends the running time of an order - you can refill your orders as many times as you want and you are not additionally charged for refilling an existing order.

You can also decrease price of your existing orders. To avoid manipulation, price decrease is only available within predefined price steps, can be applied only each 10 minutes and resets your position to the bottom of sub-list of same-priced orders. The predefined value of price decrease is displayed on Decrease price button. Of course, once you decrease price you can always later increase it without any limitation.

If you cancel the order, you'll get your Bitcoins back. This enables you to quickly switch between different algorithms (Scrypt/Scrypt-Adaptive-Nfactor/SHA256/etc.) in dependence of current profitability without loosing funds or hash power.

The remaining Bitcoins that have not been used yet for paying accepted shares are loaded back into your wallet and service fee will be refunded (from the remaining Bitcoins), however small 0.0001 BTC non-refundable order submission is not refunded. We've had attacks with order spamming in the past and currently don't have any other appropriate ways to prevent order spamming. Our first priority is to protect all users, stability and security of the system. Thanks for understanding.

Please note: it takes a couple of minutes for the refunded funds to appear in your NiceHash wallet.

Note: You can not lower the price on your order and order can not be paused. These features would lead to orders manipulation or abuse (discussed above) and are thus not available, but you can implement them by canceling and re-submitting orders, applying to the above stated rules.





nicehash  should say you are not charged the 0.0001   'spam fee'    

 more then then one time per   each order.

I have issues with the spam fee.  I figure    I spent more then .200 btc due to cancels done by nicehash.


see the 4 or 5 here   i have more then 100 like this since I started mining with them.
I am tempted to  track this with other people to see how much they score on this.

Quoted from FAQ:

"You can also refill your existing orders which essentially extends the running time of an order - you can refill your orders as many times as you want and you are not additionally charged for refilling an existing order."

The question is why I was always charged 3% for refilling my existing order.

you really shouldnt charge a fee at all for the miners.. they are what makes your site work. its not like you are a regular pool that is paying the miners out of block rewards. there is NO risk to you because the payment comes directly from the buyers..


oh and 14% above BTC for an hour is NOT much better then any other pool.. sorry but this is the chart you should be posting..



it shows that if you left your miners on this "pool" for the month, after the 3% fee you would be mining at a LOSS than any other pool..

Well nicehash has a value for renters and for sellers of hash .

Nicehash sometimes, but only sometimes is a very good deal.


If you are selling to nicehash and want to earn more then standard you really need to understand how to do it .

 First go here {see screen shot below}

 and check the rates for 1000th
 for now 2.401 is the break even number.

So if you sell to nicehash you need to sell at  2.521 you will be paid about 101 percent.

this means you must set your p=2.521
and actually more like 2.55  and put nicehash first and kano or any pool you want second.

for me I use nicehash and set well above the thresh hold number of 2.521  I set at 2.777

which is 10% over
so  I consider the posting by nicehash to lack some needed transparency.

this is selling your hash to them

buy from them.  2.401 x .95 = 2.281  so if you can rent as low as 2.281  it would be good.

my rentals from them were quite a bit   50 coins a year.  no longer so. as they did something I thought was wrong to the winner of a solo block last fall.

ever since then I have rented less. there are the only company in the world of crypto coins that i know of that run the way they do.

So I give them some support as I think their business model should exist.
I do think they are a bit stupid in that they lack transparency and they would still do well by being more transparent.

https://bitcoinwisdom.com/bitcoin/difficulty

It's not a pool, it's a proxy ... and I'd also point out that you tell people who post about your poxy here, to not do so, and post in the services thread where it belongs, so why are YOU doing what you ask other to NOT do?

And that so called '14%' above BTC lasts for how long? An hour, a day?
Can you guarantee anyone even a single day '14%' above PPS?
How long can you guarantee that?
Then they'll be back to earning less than PPS, as usual.

--

As for the cost to rent from you:

So tell me, which is it:
1) You have no understanding of economics and you make a fortune receiving a total of 6% from rented hash purely by luck?
2) You're simply out to deceive everyone and you do realised that the 3% rental fee is a blatant deception?

When a business produces an item, it must cover it's costs.
If there are fees involved in producing that item, those fees must, of course, also be covered.

Thus a person selling their hash rate, who has to pay you 3%, must consider that 3% fee in what they charge for their hash rate.
Thus the person renting hash would expect be paying 6% fees so that the person selling their hash rate can then (only) make PPS.

3%

And with 14% above BTC and being PPS is still much better than any other pool.

You forgot to subtract the 6% fees

Glad to help

Cool, now that I wish like to test this pool it keeps popping me opinable captchas to solve...

btw again

Received authorization result... Error: Failed to authorize. Wrong username or password.


EDIT
I SUCCEED!

Thank you Jonny for support! It helped me making a step at least!

Ok... you need to put in your pool account name dot worker name.  For example, on my pool, my username is "jonnybravo" and a worker I have is "rental" (yes, I know, creatively named).  So, to test this, I must put

Your worker name must exist on the pool, to pass the verification.  The password you enter must also match.

Hi, I am pretty sure I am the one in mistake here.

It's the same for another pool server where i am registered so I am pretty 99% sure I am making something wrong.

Btw I am using worker1  as user to test in jonnybravo