I still don't quite grasp how selling hash to nicehash seems to me much more profitable for many of you here. I get the concept but in doing the math for x11 Dash for instance, i see almost identical $ returns for selling vs mining.
Here's my math: for today, it seems NH paying about .032 BTC per GH per day for x11 hash. at BTC avg of $1,080... that should be just about $34.50 in BTC per day. My mini provides 150 MH, so that equates to about $5.15 per day in BTC using nicehash.
But... I am consistently getting .05 Dash per day with that mini... with Dash at $100, that also equates to $5/day. So, what am I missing? I've already mentioned that since I am still in the accumulation phase of mining alts, I'm not really interested in mining directly to BTC anyway, but certainly do it if that was a large margin better, then just convert that BTC to what ever alt i wanted... but I'm just not seeing it. Maybe something I am reading wrong off the nicehash site cuz i know the problem can't be my math lol ;-)
can't do it without doing it. ?
IE run it for 24 days and see what you get.
There are more complicated methods of mining but here is one
point all your gear at nicehash and check your daily btc every hour on the hour in my case 0.0427
see below
Also, certain hours of early morning US time - past midnight my time -- I see surged payrate for about an hour; just last night I saw our 25GH X11 farm getting 0.9 BTC payrate... after an hour or so... dropped to 0.745 BTC.
Although renting/mining may end up to be the same, renters still win a few greenbacks every now and then, when coins are hot (like NOW), because I think someone paid high premium to get 1 hour of 100GHs for who knows what. Saw some crazy surge for ZEC too.
Sure reminds me of renting SHA256 hash to chase blocks at kano or trying out a lucky roll at solo.ckpool -- the good ole days.
@Quintleo - I have been monitoring the X11 farm for several weeks now, and I think if I mined at a DASH pool, after x confirmation, transfer to wallet or Polo, then to Coinbase if I want to cash out -- this whole process is worth the 3% NH is charging. Unless you are collecting DASH coins, then thats an entire different story all together - NH is the wrong strategy.
@Quintleo - in the ZEC forum, some dude showcased his 6 x 1070 rig mining ZEC with EWBF miner with amazingly huge sols. I think NVIDIA got this right with ZEC mining - not too sure about the rest of algos.
